Tag: Business

  • DAR CREDIT & CAPITAL LIMITED POSTS POWERFUL Q3 FY26 RESULTS

    DAR CREDIT & CAPITAL LIMITED POSTS POWERFUL Q3 FY26 RESULTS

    Kolkata (West Bengal) [India], February 13: DAR Credit & Capital Limited (NSE Symbol: DCCL) yesterday delivered a standalone financial performance for the third quarter and nine months ended December 31, 2025, marked by accelerating profitability, expanding margins, and flawless execution across its lending operations.

    The Company continues to outperform through a combination of disciplined credit allocation, digital-led operational leverage, and proactive risk containment—proving that profitable growth and asset quality are not trade-offs, but strengths.

    Q3 FY26 — PROFITABILITY ACCELERATES

    Key Financial Highlights –

     Q3 FY26

    • Total Income: ₹1,260.90 Lakhs
    • Profit Before Tax (PBT): ₹335.25 Lakhs
    • Net Profit (PAT): ₹252.07 Lakhs
    • Earnings Per Share (EPS – Basic & Diluted): ₹1.77

    PAT Margin expanded to 20.0% — highest in last five quarters.

    9M FY26 — MOMENTUM BUILDS TOWARDS RECORD YEAR

    9M FY26 Highlights

    • Total Income: ₹3,562.17 Lakhs
    • Profit Before Tax (PBT): ₹870.82 Lakhs
    • Net Profit (PAT): ₹704.23 Lakhs
    • Earnings Per Share (EPS – Basic & Diluted): ₹5.27

    Nine-month PAT already exceeds 85% of full-year FY25 PAT — firmly on track to deliver record annual profitability.

    MANAGEMENT COMMENTARY — COMMAND & CONFIDENCE

    Mr. Ramesh Kumar Vijay, Managing Director, DAR Credit & Capital Limited, stated:

    “Our Q3 performance is not just strong—it is decisive. In a credit environment where caution is often mistaken for weakness, we have demonstrated that prudence and profitability go hand in hand.

    *We grew our top line at 22%, but more importantly, we grew net profit at 31% — proof that our operating leverage is kicking in exactly as planned. Our loan book expanded responsibly, our collection efficiency remained best-in-class, and our cost-to-income ratio continued its downward trajectory. *

    The foundation we have built over the past 18 months—digital underwriting, portfolio diversification, and liability franchise expansion—is now firing on all cylinders. We are entering the final quarter of FY26 with significant strategic headroom, ample liquidity, and a sharply focused growth agenda. We will not merely meet our targets; we will surpass them.”

    STRATEGIC HIGHLIGHTS — EXECUTION WITH EDGE

    • Profitability leadership: PAT grew 31% YoY in Q3 — well ahead of revenue growth, confirming superior cost control and risk selection.
    • Digital acceleration: 100% of new originations now processed digitally; turnaround time reduced by over 30%; cost-to-serve down 18% YoY.

    OUTLOOK — OFFENSE IN Q4, DOMINANCE IN FY27

    The Company enters the final quarter of FY26 with unquestionable momentum.

    • Demand tailwinds: Credit off-take remains robust across target segments; disbursements in Jan–Feb 2026 up 18% YoY.
    • Margin resilience: Cost of funds stable; ability to reprice assets gives clear line of sight to NIM protection.
    • Growth runway: Well-capitalised with CRAR at 43.75%, providing ample firepower for 18–20% AUM growth in FY27.

    DAR Credit is not just performing. It is positioning. The stage is set for a strong finish to FY26 and a powerful leap into the next financial year.

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  • Paradigm Realty Elevates High-Rise Living in Mumbai with the Unveiling of an Ultra-Luxury Double-Height Lobby at Anantaara in Borivali West

    Paradigm Realty Elevates High-Rise Living in Mumbai with the Unveiling of an Ultra-Luxury Double-Height Lobby at Anantaara in Borivali West

    Mumbai (Maharashtra) [India], February 13: Paradigm Realty, a forerunner in Mumbai’s ever-evolving luxury real estate sector, has asserted its reputation of continually redefining the standards of upscale living in the city with the grand unveiling of the lavish designer entrance lobby at Paradigm Anantaara. The brand’s flagship development in Borivali West, Anantaara is an ode to world-class sophistication and an opulent landmark, offering homeowners the inimitable opportunity to come home to a lifestyle destination at par with the best in the world.

    • The designer entrance lobby embodies Paradigm Anantaara’s signature elegance, sophistication and opulence
    • A flagship property by Paradigm Realty, Anantaara is a striking 41-storey landmark that is synonymous with aspiration, prestige and legacy
    • The reveal reaffirms Paradigm Realty’s commitment to upholding world-class design and experiential benchmarks across their projects

    The designer lobby has been crafted not just as a space but as an experience in indulgence, giving home-owners a glimpse of the lifestyle that awaits them within Anantaara. Beyond an entry point to the property, the grand drop-off and curated interiors exude a sense of exclusivity and curated sophistication. The impeccable design brings together palatial proportions that echo the grandeur of a bygone era, with contemporary flourishes and an alluring warmth that cocoons residents and their guests. As a ‘Signature Experience’, the lobby reinforces Anantaara’s positioning as a premium lifestyle address.

    The design philosophy is underscored by Paradigm Realty’s nuanced understanding of quiet luxury and sophisticated grandeur. The lobby’s layout, design and décor are an intersection of contemporary indulgences and organic warmth. The visual identity is timeless and elevated, matching paces with global luxury hospitality destinations. The double height is imposing but open, the exquisite material palette encompasses natural stone, textured wall panels and refined metal accents, while the statement custom chandeliers and curated art installations lend the space a sculptural, layered aesthetic. At the same time, the lobby fosters connection, with a fluid indoor-outdoor visual link at the drop-off foyer that is integrated with invisible, high-tech security systems.

    In many ways, the lobby is a preface for the story of luxury high-rise living that Paradigm Anantaara tells – an iconic 41-storey skyscraper that dominates the skyline of Shimpoli, Borivali West, the property is conceived as a sanctuary of ‘Eternal Living’. Nestled against a five-acre green reserve, the nearly 500 ft-tall tower offers breathtaking views of the Sanjay Gandhi National Park to the East and the Global Pagoda and Arabian Sea to the West. With the first habitable floor starting at 150 feet above ground, the project ensures a life of privacy, tranquillity, and elevated prestige. The signature 3, 4 & 6 BHK deck residences are carefully designed to amplify this surreal experience of rising above the city while still holding pride of place in its green heart.

    The reveal of the designer lobby will double as the grand premiere of the ‘Anantaara Lifestyle’. “The lobby serves as a physical and visual anchor for Anantaara.  It moves the conversation from ‘under-construction promises’ to ‘ready-to-experience reality.’ By showcasing this level of finesse, we are offering prospective buyers a window into the quality they can expect from their future homes. If the lobby is the trailer, their residence will be the masterpiece,” says Parthh K Mehta, CMD of Paradigm Realty. To amplify the messaging, the developer is coupling the physical launch with an innovative digital outreach exercise through which investors can experience the lobby via a high-resolution 3D 360° virtual tour.

    Paradigm Realty affirms that the lobby launch is the first in a series of experiential milestones. Residents and investors can soon look forward to the Podium Reveal at 135 ft, featuring landscaped fitness zones, followed by the Sky-Life Launch at 475 ft, which will reveal the Infinity Sky Pool and Rooftop Party Deck.

    About Paradigm Realty:

    Paradigm Realty is a prestigious real estate developer dedicated to creating avant-garde landmarks across Mumbai. With a focus on design excellence and transparency, the group has successfully delivered iconic projects that cater to the aspirations of the modern Indian family.

    For more details login – https://paradigmrealty.co.in/

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  • India’s Trusted Labour Law Compliance Partner for 20 Years – Digiliance

    India’s Trusted Labour Law Compliance Partner for 20 Years – Digiliance

    Gurugram (Haryana) [India], February 12: Digiliance Solutions Pvt. Ltd., the technology-driven successor to the esteemed Spectra Solution, today announced the launch of its enhanced suite of labour law compliance software and services. This release marks a historic 20-year milestone for the firm, which has evolved from a boutique consultancy in 2006 into India’s most trusted “One-Stop Solution” for automated statutory compliance and regulatory risk management.

    Two Decades of Expertise: From Spectra to Digiliance

    The emergence of Digiliance is the result of a twenty-year journey that began in 2006. Founded by Yogesh Pant, the organization spent two decades at the forefront of India’s evolving labour landscape. By transitioning from the service-heavy model of Spectra Solution to the tech-integrated model of Digiliance, the company has successfully distilled twenty years of “boots-on-the-ground” experience into a high-performance digital infrastructure.

    “In 2006, we managed compliance with physical registers and manual audits. Today, we manage it with real-time data and cloud-based precision,” said Yogesh Pant, CEO of Digiliance Solutions Pvt. Ltd. “Digiliance represents the bridge between that deep legal legacy and the future of digital-first governance.”

    The Industry Standard: DLC and DNLC Software

    At the heart of the company’s offering is the Digiliance Labour Compliance (DLC) software, a comprehensive cloud-based platform designed to monitor, manage, and mitigate risks across 36 States and Union Territories.

    As India enters the era of the New Labour Code, Digiliance has introduced the specialized DNLC (Digiliance New Labour Code) software. This module is specifically engineered to handle the complexities of the four new codes – Wages, Social Security, Industrial Relations, and OSH, offering automated wage restructuring (the 50% rule) and digital register mapping to ensure businesses are transition-ready.

    Key Product Highlights:

    • Automated Register Generator: A flagship module that allows HR teams to auto-generate state-specific statutory registers via simple Excel uploads.
    • Real-Time Compliance Dashboard: Provides a “Compliance Score” and bird’s-eye view of establishments, sites, and contractors.
    • License & Notice Management: A specialized tracker for the entire lifecycle of licenses and a coming-soon module for managing government notices and hearings.
    • Free Digital Library: Access to over 8,000 compliances, 400+ rules, and a vast archive of state-wise statutory forms and acts.
    • Automate Digital Registers: Replace traditional ledgers with cloud-based, auto-generated muster rolls and wage registers.

    Solving the Crisis of Contractor/Vendor Compliance

    One of the most significant risks for modern enterprises is the non-compliance of third-party vendors. Digiliance’s contractor/vendor compliance service provides principal employers with a dedicated portal where contractors can submit statutory documents (PF/ESI challans, returns, and registers) for real-time verification. This protects the principal employer from vicarious liability and ensures every worker in the supply chain is covered under the law.

    A Hybrid Model of Services

    Digiliance continues to provide a “Human-in-the-Loop” service model, ensuring that technology is backed by veteran legal expertise:

    • Establishment & Factory Compliance: Full-spectrum management of Factories Act and Shops & Establishment Act requirements.
    • PAN-India Registration & Licensing: Streamlined procurement and renewal of Trade Licenses, CLRA registrations, and more.
    • Audits & Consulting: Expert-led “Checks” to prepare organizations for government inspections and identify hidden liabilities.
    • Restructure Payroll: Seamlessly align salary components with the mandatory 50% “Wages” rule.

    About Digiliance Solutions Pvt. Ltd.

    Digiliance Solutions Pvt. Ltd. is India’s leading provider of labour law compliance software and services. Leveraging a legacy dating back to 2006, the company serves 50+ multinational clients across 8+ industry verticals. Through its proprietary DLC and DNLC platforms, Digiliance provides a unified ecosystem for statutory compliancecontractor/vendor compliance, and comprehensive HR regulatory management.

    Media Contact: The Corporate Communications Team Digiliance Solutions Pvt. Ltd. Email:

    sales@digiliance.in Website: https://digiliance.in

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  • Jinkushal Industries Limited Announces Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2025

    Jinkushal Industries Limited Announces Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2025

    Raipur (Chhattisgarh) [India], February 12: The Board of Directors of Jinkushal Industries Limited (“Jinkushal” or “the Company”), at its meeting held today, has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, prepared in accordance with the applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Indian Accounting Standards (Ind AS).

    During the period under review, the Company delivered strong standalone operating performance, supported by sustained export momentum and disciplined execution. The consolidated results reflect the Group’s operating cycle, overseas inventory positioning, logistics timelines, and standard consolidation accounting treatment.

    Key Highlights 

    • Standalone turnover increased by approximately 27% year-on-year, driven by export-led growth. • Strategic inventory positioning undertaken at overseas subsidiary to strengthen market access. • Continued focus on higher-margin refurbished and value-added equipment. • Balanced geographic execution across multiple international markets. • Disciplined deployment of IPO proceeds aligned with long-term growth objectives.

    Standalone Performance and Export Momentum 

    On a standalone basis, the Company has delivered strong operating performance during the period, led by robust export activity. Standalone turnover increased from ₹141.48 crore to ₹180.32 crore, reflecting year-on-year growth of 27%. This growth reflects sustained demand across key international markets, efficient execution and the continued scaling of the Company’s core export operations.

    Strategic Inventory Build-Up as a Growth Enabler 

    During the period, the Group has built a historically high level of inventory at its overseas subsidiary, with inventory increasing from historical levels of approximately ₹10 to ₹15 crore to around ₹70 crore. This represents the highest inventory level in the Company’s history and is a conscious and strategic decision enabled by improved liquidity following the IPO.

    The inventory build-up has been undertaken to position stock closer to end customers, support faster delivery timelines, increase the share of higher-margin used and refurbished machines, and strengthen the Group’s ability to execute retail and direct end-user sales. While this approach involves a longer working capital and sales cycle compared to a pure wholesale model, it is expected to result in stronger revenue realisation, higher margin quality, and improved customer conversion over subsequent periods.

    Mexico Market Developments and Inventory Timing 

    Mexico has historically been one of the Company’s most significant export markets. In early December 2025, certain changes and clarifications relating to import tariffs on products originating from India and China were announced. While applicability to construction and mining equipment was not explicitly clarified at the time, some importers and wholesale buyers temporarily deferred purchase decisions pending clarity. As a result, a portion of export-ready inventory remained unsold at the Group level as of the reporting cut-off date. This inventory is expected to translate into revenue and profit realisation upon conversion in subsequent periods, in line with normal business cycles.

    Market Diversification and Geographic Balancing 

    In response to temporary demand deferrals in Mexico, the Company proactively balanced sales momentum by increasing focus on other international markets, including South Africa and the UAE. This geographic diversification ensured continuity of business activity while maintaining readiness to serve the Mexico market as conditions normalise.

    Consolidated Performance and Accounting Perspective 

    At the consolidated level, turnover and Profit After Tax reflect the application of standard consolidation principles. Inter-company sales and inter-group profits are eliminated in accordance with accounting standards. Where inventory is held within the Group at the reporting date, profits attributable to such inventory remain embedded within stock and are recognised upon onward sale to external customers. Operating expenses such as refurbishment, logistics, freight, warehousing, and overheads continue to be recorded as incurred, resulting in a natural timing difference between expense recognition and profit recognition.

    Expected Progression as Inventory Is Monetised 

    As historically high inventory levels are monetised through sales in the normal course of business, consolidated revenue and profitability are expected to progressively reflect this conversion. Order pipelines, customer engagement, and execution timelines remain active, providing visibility on future realisation.

    Deployment of General Corporate Purpose Funds 

    Funds raised under the General Corporate Purpose are being deployed in line with the stated objects of the offer. The Company has accelerated investments in brand building, international marketing, participation in global exhibitions, and expansion of the HexL brand into new geographies. These initiatives are opportunity-driven and intended to strengthen market presence, enhance brand visibility, and support long-term revenue and margin expansion.

    Corporate Governance and Long-Term Value Creation 

    The Company continues to pursue growth through structured capital allocation and disciplined execution. Investment decisions are guided by long-term value creation, operational scalability, and strengthening of market presence across geographies. Management remains focused on building a resilient, scalable, and globally competitive organisation with transparent reporting and a clear emphasis on sustainable long-term growth.

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  • Budget 2025–26 Signals Strong Push for Manufacturing, MSMEs and Inclusive Growth: All India Manufacturer’s Organisation National President Rajiv Ranjan

    Budget 2025–26 Signals Strong Push for Manufacturing, MSMEs and Inclusive Growth: All India Manufacturer’s Organisation National President Rajiv Ranjan

    New Delhi [India], February 12: The Union Budget 2025–26 presents a broad-based growth roadmap aimed at strengthening India’s manufacturing ecosystem, empowering MSMEs, accelerating rural development, and easing the tax burden on citizens. With a clear focus on productivity, innovation, and financial inclusion, the budget outlines reforms designed to support India’s journey towards becoming a self-reliant and globally competitive economy.

    A major thrust has been placed on agriculture and rural development, with initiatives to improve crop resilience, enhance productivity, and boost farmers’ access to institutional credit. Measures such as the National Mission on High Yielding Seeds, targeted programmes for cotton and pulses, and expanded Kisan Credit Card limits are expected to strengthen farm incomes and support allied industries linked to rural consumption.

    The MSME sector emerges as a key beneficiary, with revised classification norms, improved access to credit through customised financial products, and a dedicated scheme to support first-time entrepreneurs, including women and individuals from marginalised communities. Special attention to labour-intensive sectors such as footwear, leather, and toys is expected to generate employment and strengthen domestic manufacturing.

    Investments in human capital also feature prominently. The budget proposes large-scale expansion of Atal Tinkering Labs in government schools, a significant increase in medical education seats, strengthened urban health infrastructure through district-level cancer care centres, and enhanced support for street vendors through a revamped PM SVANidhi scheme.

    Urban infrastructure and connectivity have received renewed momentum through initiatives such as the Urban Challenge Fund, extension of the Jal Jeevan Mission, expansion of the UDAN regional aviation scheme, and the creation of a Maritime Development Fund to support long-term financing in the sector.

    Research, innovation, and digital transformation form another cornerstone of the budget, with a ₹20,000 crore push for private sector-led R&D, the launch of a National Geospatial Mission, and focused investments in artificial intelligence education and advanced research fellowships.

    Significant reforms have also been announced in personal income tax and financial services. Enhanced deductions for senior citizens, higher thresholds for TDS on rent, and proposals under the upcoming Income Tax Bill aim to simplify compliance and provide greater certainty to taxpayers. In the financial sector, increased FDI limits in insurance, a revamped Central KYC Registry, and a new Grameen Credit Score framework are expected to deepen financial inclusion.

    Export growth has been addressed through initiatives such as BharatTradeNet, improved access to export credit, and upgraded air cargo infrastructure to support high-value and perishable exports.

    On the fiscal front, the government has reiterated its commitment to discipline, targeting a fiscal deficit of 4.4 per cent of GDP while continuing to support states through interest-free loans for infrastructure development and rationalising customs duties to improve ease of doing business.

    Overall, Budget 2025–26 sets out a balanced and forward-looking agenda that aligns fiscal prudence with growth imperatives. By combining structural reforms with targeted investments, the budget seeks to strengthen India’s economic foundations while creating opportunities for businesses, entrepreneurs, and citizens alike.

    For more information, visit: https://www.aimoindia.com/

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  • Melt Your Crush: Vadilal’s 17ft Melting Ice Cream Sparks Romance at Sabarmati Riverfront

    Melt Your Crush: Vadilal’s 17ft Melting Ice Cream Sparks Romance at Sabarmati Riverfront

    Ahmedabad (Gujarat) [India], February 12: In the bright lights of Sabarmati Riverfront, in the beautiful area toward the airport, a larger-than-life spectacle is winning hearts and camera clicks alike. The 17-foot installation of a towering melting ice cream, a choco-dipped ice cream bar on a stick with chocolate flowing down in slow, shiny drips, by Vadilal Ice Creams has made Ahmedabad an inevitable hotspot during Valentine’s Week. The installation is a blend of art, nostalgia, and romance, and has since become the sweetest backdrop for love stories unfolding in the city.

    The installation is strategically positioned along the river against a glowing skyline, drawing visitors from early evening until late at night. The chocolate-drip detailing is dramatized under soft golden lights, creating a dreamy atmosphere straight out of a movie scene. It is not just a setup; it is a moment, especially for Gen Z couples. A statement. A reel waiting to be shot.

    In the days leading up to Valentine’s Day, the riverfront has witnessed playful proposals and heart-melting confessions. Young couples have fallen to their knees under the bitten top of the giant ice cream bar, rings flashing in the light against the shiny chocolate drips, while friends cheer and document the big occasion. Vadilal’s cheerful mascot, Vaddy, adds to the thrill as it hypes up the crowd, and people are simply loving it. The enthusiasm spreads, turning strangers into an audience and the simplest moments into expressions of passion.

    Social media is buzzing. Feeds filled with reels and stories from the Sabarmati Riverfront show drone shots circling the installation, slow-motion proposal clips, and groups of friends posing theatrically under the drizzling chocolate. Visiting the Melting Ice Cream has now become part of the Valentine’s Week ritual for many, a chance to melt their crush before the ice cream melts away. The catchy headline has gone viral, with individuals creating captions, hashtags, and playful extensions that continue to spread the buzz organically.

    Yet, the charm of the installation is not limited to one generation. Golden couples have been spotted walking hand in hand, sharing Vadilal cones at the base of the sweet monument. Couples have renewed personal commitments while sharing joyful moments beneath the dripping chocolate. Families organize photos, children look on in wonder, and grandparents share stories of their first dates over ice cream, proving that certain memories remain fresh forever, just like our favorite ice cream flavors.

    For Amdavad, the installation goes beyond marketing; it has transformed into a public space that celebrates shared memories. Vadilal, a brand born in Ahmedabad, remains a vital part of the city’s identity. Through this towering ice cream bar, the company has created a joyful experience that evokes a range of emotions. By blending vintage sweetness with contemporary flair, the brand has turned an ice cream bar into a tribute to love.

    As Valentine’s Day approaches, the celebration reminds us that love, like ice cream, should be enjoyed before it melts away. The Sabarmati Riverfront is offering moments that linger long after the chocolate stops dripping, from grand proposals and playful crush confessions to anniversary dinners and friend photos.

    This Valentine’s Week, come to the glow of the river, pose beneath the melting masterpiece, and make your story a part of Ahmedabad’s sweetest celebration, one scoop, one smile, and one memory of a lifetime.

    Melt your crush before the Ice cream melts away at Sabarmati Riverfront.

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  • Ashapuri Gold Ornament Limited Reports 60pc EBITDA Growth and 53pc PAT Growth in 9M FY26

    Ashapuri Gold Ornament Limited Reports 60pc EBITDA Growth and 53pc PAT Growth in 9M FY26

    Ahmedabad (Gujarat) [India], February 12: Ashapuri Gold Ornament Limited (BSE – 542579), one of India’s leading B2B jewellerymanufacturers, reported its Unaudited financial result for Q3 FY26 & 9M FY26.

    Key Financial Highlights:

    9M FY26

    • Total Income of ₹ 246.61 Cr, YoY growth of 5.64%
    • EBITDA of ₹ 24.50 Cr, YoY growth of 59.85%
    • EBITDA Margin of 9.93%, YoY growth of 337 Bps
    • PAT of ₹ 17.21 Cr, YoY growth of 53.20%
    • PAT Margin of 6.98%, YoY growth of 217 Bps
    • EPS of ₹ 0.52, YoY growth of 52.94%

    Q3 FY26

    • Total Income of ₹ 91.24 Cr
    • EBITDA of ₹ 8.01 Cr, YoY growth of 22.01%
    • EBITDA Margin of 8.78%, YoY growth of 233 Bps
    • PAT of ₹ 5.57 Cr, YoY growth of 7.76%
    • PAT Margin of 6.11%, YoY growth of 103 Bps
    • EPS of ₹ 0.17, YoY growth of 6.25%

    Gold Sales and Production Volume Performance

    • Gold Sales Volume stood at 90.18 Kgs in Q3 FY26
    • Manufacturing Volume stood at 144.36 Kgs, up 10.21% YoY in Q3 FY26
    • Gold Sales Volume stood at 307.28 Kgs in 9M FY26
    • Manufacturing Volume stood at 391.30 Kgs, up 10.22% YoY in 9M FY26

    Speaking on the financial performance, Mr. Jitendra Kumar Soni, Joint Managing Director of Ashapuri Gold Ornament Limited said, “We are delighted to report another good quarter of performance in Q3 FY26, with PAT growing by 7.76% year-on-year and EBITDA grew with 22.01% year-on-year. Our EBITDA margin expanded by 233 basis points to 8.78%, and PAT margin improved by 103 basis points to 6.11%. This remarkable improvement reflects our disciplined execution, operational efficiency, and the inherent strength of our B2B jewellery business model.

    We are equally pleased with the strong momentum in volumes this quarter. Total Income increased by over 5.64% YoY in 9M FY26 driven by sustained demand for our differentiated product portfolio and increasing acceptance of our design-led offerings among leading retail chains & Big Box clientele. This continued the growth in Sales which demonstrates the strong market appetite for our jewellery collections and validates our strategy of building scale while ensuring product excellence.

    Despite recent volatility in the commodity markets and rising gold prices, the underlying demand for organised, design-led jewellery remains resilient, supported by steady retail offtake. Going forward, we will focus on expanding our presence in high-potential domestic markets, supported by a strengthened, regionally aligned sales force to deepen engagement with organised jewellery retailers. These initiatives are aimed at driving sustainable revenue growth while maintaining margin discipline”.

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  • TANISHQ REOPENS NEWLY RENOVATED ANDHERI STORE WITH DIAMOND EXPERTISE CENTRE AND EXPANDED RETAIL FORMAT

    TANISHQ REOPENS NEWLY RENOVATED ANDHERI STORE WITH DIAMOND EXPERTISE CENTRE AND EXPANDED RETAIL FORMAT

    Mumbai (Maharashtra) [India], February 12:Tanishq, India’s largest jewellery retail brand from the house of Tata, has reopened its newly renovated store on 6th February in Andheri, Maharashtra. The spacious and freshly re-designed store was inaugurated at 5:00 PM by Mr. Arun Narayan, CEO – Jewellery Division, Titan Company Ltd and Mr. Ram Prabhat Yadav, Regional Business Head – West, Titan Company Ltd. 

    TANISHQ REOPENS NEWLY RENOVATED ANDHERI STORE -PNN

    Conveniently located at Vastu Prestige, Off New Link Rd, Near Citi Mall, Lokhandwala Complex, Andheri West, Pin code: 400053, the new 22000 sq. ft. store reflects Tanishq’s design excellence and customer-first approach. The expanded retail format offers a significantly wider assortment of gold and diamond jewellery, solitaires, plain and stone-studded designs.

    The store houses the new collection, ‘Wings in Motion’, displaying modern, versatile, and design-led everyday natural diamond jewellery and ‘Floral Bloom’, a collection where every curve reflects nature’s poetry as rose-toned enamel meets floral artistry. The store presents ‘Radiance in Rhythm’ a high-value diamond collection for the woman who defines her own elegance, alongside ‘Élan’, a collection rooted in delicate patterns, floral motifs, and chillai pave-set diamonds for the modern woman. The store also houses Tanishq’s latest festive collection, ‘Mriganka’, inspired by mythical realms and crafted with exceptional artistry, alongside  ‘GlamDays’, a versatile daily-wear jewellery line and ‘String It’, a modern and lightweight collection. Customers can also explore exclusive ranges such as ‘Dor’, a mangalsutra collection inspired by sacred elements of Hindu weddings; ‘Aveer’, Tanishq’s jewellery line for men; and ‘Rivaah’, the brand’s dedicated wedding jewellery sub-brand designed to reflect the bridal traditions of diverse Indian communities. The store also features ‘Mia by Tanishq’ a brand born with the heritage and the legacy of Tanishq, featuring bold, modern, and chic jewellery.

    The newly renovated store houses the Tanishq Diamond Expertise Centre, a tech-enabled initiative that helps customers verify the authenticity, origin, and brilliance of their diamonds. The multi-tool setup features five advanced devices that evaluate key aspects of a diamond — including light performance, origin, inclusions, and laser markings. This state-of-the art evaluation process places the power directly in the hands of the customer.

    Speaking at the inauguration,  Mr. Vinod Singh, Regional Business Manager, West, Tanishq,   said, “At Tanishq, our stores are designed to reflect the way customers experience jewellery today, with space to explore, choice that spans everyday wear to bridal, and complete confidence in what they are buying. The reopening of our Andheri store brings together an expanded retail format, some of our most distinctive collections, and the Tanishq Diamond Expertise Centre, which empowers customers with greater transparency and understanding of their diamonds. It’s about combining design, craftsmanship, and trust in a way that feels relevant, reassuring, and human.”

    About Tanishq

    Tanishq, India’s most-loved jewellery brand from the TATA Group, has been synonymous with superior craftsmanship, exclusive designs and guaranteed product quality for over two decades. It has built for itself the envious reputation of being the only jewellery brand in the country that strives to understand the Indian woman and provide her with jewellery that meets her traditional and contemporary aspirations and desires. To stress on their commitment to offer the purest jewellery, all Tanishq stores are equipped with the Karatmeter which enables customers to check the purity of their gold in the most efficient manner. The Tanishq retail chain currently spreads across 500+ exclusive boutiques in more than 300 cities.

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  • NIS Management Limited Receives ICRA Reaffirmation on Rs 105.87 Cr Rated Facilities; Outlook Upgraded to Positive

    Kolkata (West Bengal) [India], February 12: NIS Management Limited, (BSE – 544495), One of the leading integrated services platforms, specialising in security, facility management, electronic security, and skill development, NIS Management Limited has received rating reaffirmation from ICRA with revision in outlook to Positive, reflecting improving financial profile, strong operational capabilities, and sustained business growth momentum. The company’s total rated bank facilities stand at ₹105.87 Cr.

    Details of Rated Facilities

    • Long-term – Fund Based – Term Loan: ₹5.40 Cr – [ICRA]BBB+ (Positive); Reaffirmed with outlook revised from Stable

    • Long-term – Fund Based – Cash Credit: ₹71.00 Cr –[ICRA]BBB+ (Positive); Reaffirmed with outlook revised from Stable

    • Short-term – Fund Based – Standby Line of Credit: ₹3.50 Cr –[ICRA]A2; Reaffirmed

    • Short-term – Non-Fund Based – Bank Guarantee: ₹22.00 Cr –[ICRA]A2; Reaffirmed

    • Long-term / Short-term – Unallocated Limits: ₹3.97 Cr –[ICRA]BBB+ (Positive) / [ICRA]A2; Reaffirmed with outlook revised from Stable

    Key Rating Drivers

    • Established Market Position and Strong Client Base:

    NIS has a strong presence in organised security and facility management services, particularly in West Bengal, servicing over 600 clients, supporting stable revenue visibility and repeat business.

    • Large Workforce Supported by In-House Training and Technology Capabilities

    Through its subsidiaries Keertika Academy Private Limited and Keertika Education & Associates LLP, the company supports manpower training and vocational education initiatives. NIS has a manpower strength of around 18,000 employees including back office staff, and its internally developed technology solutions further enhance operational efficiency, workforce monitoring, and service scalability.

    • Strengthened Capital Structure Post Equity Infusion

    Capital structure improved following IPO proceeds of ₹45.6 crore, reducing consolidated gearing to 0.4x and TOL/TNW to 0.5x as of September 30, 2025, compared with 0.6x gearing and 0.7x TOL/TNW as of March 31, 2025.

    Commenting on the Update Mr. Debajit Choudhury Chairman & Managing Director, of NIS Management Limited said, “ICRA’s reaffirmation of our ratings along with the Positive outlook reinforces confidence in our financial discipline, credit profile, and consistent operational performance. We remain committed to maintaining a strong balance sheet and enhancing our credit strength through sustainable and responsible growth.”

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  • Krishival Foods Growth Trajectory Accelerates; 9MFY26 Revenue Tally Nears FY25 Level

    Krishival Foods Growth Trajectory Accelerates; 9MFY26 Revenue Tally Nears FY25 Level

    Mumbai (Maharashtra) [India], February 12: Krishival Foods Limited, (NSE – KRISHIVAL, BSE – 544416 | INE0GGO01015), a fast-growing Indian FMCG company with a diversified portfolio spanning dry fruits, nuts, and ice cream under the brands Krishival Nuts and Melt N Mellow, has announced its unaudited financial results for Q3 and 9M FY26.

    The company delivered another strong quarter, supported by robust festive and wedding-season demand, deeper reach across Tier II and Tier III markets, and steady traction across general trade, modern trade, quick-commerce, and export channels. Sustained growth in the Nuts business and a successful turnaround in the Ice Cream segment, which is now contributing at the PAT level, emerged as key highlights of the quarter.

    Key Financial Highlights:

    Q3 FY26 Consolidated Financial Highlights

    • Total Revenue of ₹ 76.86 Cr, YoY growth of 40%

    • EBITDA of ₹ 11.54 Cr, YoY growth of 263%

    • EBITDA Margin of 15.01%, YoY growth of 159%

    • Net Profit of ₹ 6.41 Cr, YoY growth of 11,709%

    • Net Profit Margin of 8.34%, YoY growth of 8240%

    9M FY26 Consolidated Financial Highlights

    • Total Revenue of ₹ 197.57 Cr, YoY growth of 52%

    • EBITDA of ₹ 28.89 Cr, YoY growth of 77%

    • EBITDA Margin of 14.62%, YoY growth of 16.40%

    • Net Profit of ₹ 16.61 Cr, YoY growth of 99%

    • Net Profit Margin of 8.41%, YoY growth of 31.40%

    Commenting on the Performance, Mr. Sujit Bangar – Chairman & Whole-Time Director, said,
    “Q3 FY26 represents a strategic inflection point for Krishival Foods, with our Ice Cream business, Melt N Mellow, beginning to contribute at the PAT level-well ahead of scale maturity. This reflects the strength of our operating model, improved capacity utilisation and a sharp focus on cost discipline, even amid seasonal headwinds.

    Our Nuts business, Krishival Nuts, continues to deliver consistent topline growth and margin expansion, supported by premiumisation, festive and wedding-led demand, procurement discipline and operating leverage.

    With the successful completion of our 9,999.48 lakh Rights Issue, we are well-capitalised to invest in processing infrastructure, working capital efficiency and scalable, margin-accretive growth initiatives. We remain focused on building a differentiated, profitable FMCG platform with sustainable returns for shareholders.”

    Segment-wise Performance Highlights:

    Nuts & Dried Fruits – Krishival Nuts
    • Q3 FY26 revenue at ₹54.82 crore, up 14.7% YoY, supported by festive and wedding-season demand

    • Q3 FY26 EBITDA grew 107% YoY to ₹9.65 crore, reflecting operating leverage

    • Q3 FY26 PAT increased 146% YoY to ₹5.88 crore

    • 9M FY26 revenue stood at ₹147.19 crore, up 22% YoY

    • 9M FY26 EBITDA grew 40% YoY to ₹24.83 crore; PAT increased 45% YoY to ₹15.44 crore

    • Growth driven by premiumisation, deeper reach across Tier II and Tier III markets, and GST rate rationalisation supporting demand

    Ice Cream – Melt N Mellow
    • Q3 FY26 revenue at ₹21.01 crore, up 122% YoY

    • Q3 FY26 EBITDA turned positive at ₹2.85 crore versus a loss of ₹1.78 crore YoY

    • Q3 FY26 PAT turned profitable at ₹0.58 crore versus a loss of ₹2.33 crore YoY

    • 9M FY26 revenue grew 71% YoY to ₹52.45 crore

    • 9M FY26 EBITDA improved to ₹6.08 crore from a loss of ₹0.51 crore YoY; PAT turned positive at ₹1.21 crore

    • Q3 FY26 marked a key inflection point, driven by improved operational efficiency, higher capacity utilisation, and expanding brand visibility across Western and Southern India, despite seasonal softness in the winter quarter

    Rights Issue Update
    • Successfully completed a ₹9,999.48 lakh Rights Issue, strengthening the company’s capital base

    • Rights Issue ratio set at 45 equity shares for every 301 fully paid-up equity shares held

    • Proceeds to be utilised for part-funding capital expenditure towards a new nuts processing and packaging facility in Kolhapur, Maharashtra

    • Allocation towards working capital augmentation, supporting improvement in the working capital cycle

    • Balance allocated for general corporate purposes

    • The capital raise enhances balance sheet strength and supports capacity-led, margin-accretive growth

    Operational & Business Highlights

    Geographical Reach
    • Krishival Nuts expanded its footprint to 110+ Tier II and Tier III cities and towns, supported by a network of 10,000+ retail touchpoints

    • Melt N Mellow is now available across 26,000+ retail touchpoints spanning Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh

    • As of December 31, 2025, the Company has deployed 9,895 deep freezers across retail touchpoints in Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh, strengthening cold-chain infrastructure and enhancing on-ground brand visibility

    Exports
    • Krishival Nuts established presence in Singapore with distribution across 300+ retail touchpoints

    • Export revenue for the quarter stood at ₹1.68 crore, contributing approximately 3% of total sales

    Strategic Outlook
    • Expand nuts and dried fruits processing capacity from 10 MT per day to 40 MT per day over the next three years, supporting long-term volume growth and margin expansion

    • Ice Cream Division operates a state-of-the-art facility with installed capacity of 1 lakh litres per day, with a phased ramp-up to full utilisation planned over the next three years

    • Strengthen presence across Maharashtra, Madhya Pradesh, Delhi NCR, Karnataka, Telangana, and Andhra Pradesh, deepening penetration in both existing and new markets

    • Scale exports in Singapore and the United States, building on early traction to expand global reach

    • Integrated value chain, dual-brand portfolio, and early leadership in Tier II and Tier III markets position the Company for sustainable, profitable growth and a premium-yet-accessible brand proposition

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