Tag: press-release

Dammam [Saudi Arabia], February 13:  The Saudi Arabian Cricket Federation (SACF), in collaboration with the Eastern Province Cricket Association, is thrilled to announce the launch of the Saudi Foundation Day Cup 2025, an iconic domestic T20 cricket tournament. Organized in partnership with Axis United Trading Co. (AUTCO), exclusive distributor of FIREOX, Pacific Star Sports (PSS), a subsidiary of Toyam Sports Limited (TSL), the highly anticipated tournament will take place from February 14 to February 22, 2025, at the Tamimi Cricket Ground in Dammam.

This landmark event celebrates Saudi Arabia’s flourishing passion for cricket while positioning the Kingdom as a rising hub for cricketing talent and entertainment. With 19 exciting matches featuring eight competitive domestic teams, the Saudi Foundation Day Cup 2025 promises to enthral fans and set a new benchmark for sporting excellence in the region.

Cricket has become a unifying force in Saudi Arabia, particularly among the Kingdom’s dynamic and diverse expatriate population. Highlighting the significance of the event, Mr. Tariq Zaid Sagga, CEO of the Saudi Arabian Cricket Federation, remarked: “Cricket is cherished across Saudi Arabia, especially among our vibrant expatriate community, where it is followed with immense enthusiasm and love. The Saudi Foundation Day Cup 2025 is more than just a series of matches—it’s an opportunity to bring communities together, create unforgettable moments, and showcase Saudi Arabia’s potential as a global cricketing destination. With thousands of fans expected to attend over the course of nine days and an expansive online audience via sports OTT platform FanCode and other digital channels, this event is set to become a historic milestone in the Kingdom’s cricketing journey.”

Beyond the action on the field, the tournament aims to nurture local talent, unite communities, and leave a lasting legacy of sporting excellence, further cementing Saudi Arabia’s reputation in the international cricketing arena.

Tournament Highlights

• Venue: Al-Tamimi Cricket Ground, Dammam
• Dates: February 14–22, 2025
• Teams: 8 Competitive Domestic Teams
• Matches: 19 Thrilling T20 Games Over 9 Days

Reflecting on the tournament’s potential for sponsorship and partnerships, Mr. Mahmood Merchant, Managing Director of Pacific Star Sports, shared: “Cricket is a universal passion that bridges cultures and communities. The Saudi Foundation Day Cup 2025 is a historic step forward for the Kingdom, showcasing its growing stature in the global cricketing landscape. Organizing this prestigious event in collaboration with SACF and the Eastern Province Cricket Association is an incredible honor for Pacific Star Sports and Toyam Sports Limited. We extend our heartfelt gratitude to the Tamimi Group and FIREOX for their invaluable support in providing us a cricket ground with all the amenities and facilities, for this tournament. 

We are excited to invite sponsors and partners, both local and international, to join this transformative journey. This is an unparalleled opportunity to align with a high-profile event that celebrates the Kingdom’s passion for cricket while fostering lasting connections with a rapidly growing audience. Together, we can create a legacy that will inspire generations and establish Saudi Arabia as a beacon of cricketing excellence.”

Expanding further on the synergy between cricket and Saudi Arabia, Mr. Waqqas Alvi, founder of international clothing brand FIROEX expressing his excitement chimed in: “This is the beginning of a new era of Cricket in Saudi Arabia, it is time that the world sees the potential and talent of Local Players in KSA alongside international stars”

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Pune (Maharashtra) [India], February 12: Pune’s real estate landscape has just witnessed a spectacular milestone with My Home Upper Kharadi! The allotment day saw an overwhelming response, with over 80 homes booked in a single day, reinforcing the high demand for this exclusive development. With only a limited number of residences available, this is the final opportunity for homebuyers to secure their dream home before the next price revision.

#TheWAAAHlife: Luxury, Exclusivity & a Future-Ready Address

The project’s defining philosophy, #TheWAAAHlife, encapsulates its three core pillars:

• Accessibility – Seamless connectivity to Viman Nagar, Koregaon Park, Lohegaon-Wagholi Road, and the upcoming metro, ring road, and Wagholi-Shikrapur flyover.
• Amenities – Over 30+ lifestyle amenities, a 6,300 sq. ft. recreational space, 3-tier security, and a grand entrance lobby.
• Apartments – Thoughtfully designed spacious 2 & 3 BHK homes with private foyers, spacious rooms, large balconies, and walk-in wardrobes in every apartment.
  • 2 BHK 850 sq. ft. carpet area starting Rs 84.99L (All- incl.)
  • 2 BHK with Sundeck: 888 sq.ft carpet area starting Rs 94.99L ( All-incl.)
  • 3 BHK Smart: 890 sq. ft. carpet area starting Rs 92.99 (All- Incl.)
  • 3 BHK with Sundeck: 906 sq.ft. carpet area starting Rs 97.99 (All- incl.)
  • 3 BHK Luxe: 1097 sq. ft. carpet area starting Rs 1.13Cr (All- incl.)
  • 3 BHK with Sundeck: 1210 sq.ft carpet area starting Rs 1.28Cr (All- incl.)

Sustainability – Green Living at Its Finest

As a pre-certified GEM project with 4 Gems, My Home Upper Kharadi is designed to reduce environmental impact while enhancing resident well-being. Key sustainability benefits include:

• Up to 50% energy savings with eco-friendly measures.
• Up to 40% water conservation, reducing waste and utility costs.
• A 10% rebate on property tax, making homeownership more affordable.
• Lower maintenance costs, thanks to efficient resource utilization.
• Better air quality, insulation & noise reduction, ensuring a healthier lifestyle.

A Proud Moment for Goyal Properties & Sellability

Following this unprecedented response, Preriit Goyal, Director, Goyal Properties, shared:

“The response to My Home Upper Kharadi has been phenomenal! The demand for premium homes in Upper Kharadi is undeniable, and we are thrilled to see so many families securing their dream homes.”

Goyal Properties, established in 1986, has built a legacy of trust, ethics, and excellence in real estate. With 38+ years of expertise, 31+ landmark projects, and over 10,000 happy customers, they have successfully delivered 2.8 million sq. ft. of thoughtfully designed spaces.

Abhishek Mishra, Founder & CEO of Sellability, the strategic partner for the project, added:

“This is a defining moment for My Home Upper Kharadi. The overwhelming demand showcases the project’s unmatched value proposition. With only a limited number of units available, now is the best time to book before prices go up!”

Sellability, under the leadership of Mr. Abhishek Mishra, is the strategic advisory firm for this project. With a proven track record of launching over 30 projects and selling inventory worth over ₹8000 Cr., Sellability offers comprehensive services from land acquisition and market analysis to sales and marketing execution. Their deep market insights, technological prowess, and data analytics ensure that developers and channel partners can make informed decisions and maximize returns.

Book Now & Save – Prices Rising Soon!

With RERA approvals in place and limited inventory available, this is the final call for homebuyers to grab the opportunity before it’s too late!

Visit the experience center today and step into #TheWAAAHlife!

Site Address: MY HOME Upper Kharadi, Gat No. 1331/2, Next to Decathlon, Pune Nagar Highway, Wagholi, Pune – 412207
Contact: +91 92255 39220
MahaRERA Registration No.: P52100078796
https://myhomeupperkharadi.in/

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New Delhi [India], February 12: India is undergoing a significant transition toward sustainable energy, and Infrax Renewable Ltd is leading the way with innovative, cost-effective, and high-efficiency solar energy solutions. As a pioneer in the renewable energy sector, the company is commited to making solar power a mainstream energy source for households, businesses, and industries across India.

Driving India’s Clean Energy Future

With the increasing demand for affordable and reliable solar energy, Infrax Renewable Ltd has set clear objectives to accelerate India’s shift to clean energy. In the short term, the company aims to expand its dealership network, increase residential and commercial solar installations, and capture 15 percent of the market share in India’s solar energy sector.

Looking ahead, INFRAX’s long-term vision is to empower 700,000 homes and businesses annually with solar energy by 2027 while significantly contributing to India’s environmental goals by reducing carbon emissions by 134,000 tons per year.

Advanced Technology and Strong Market Presence

Infrax Renewable Ltd distinguishes itself in the market through its cutting-edge solar technology, high return on investment (ROI), and strong industry reputation. The company’s key strengths include:

• High-Efficiency Solar Technology: Advanced solar panels and energy systems maximize power generation while minimizing costs.
• Cost Savings and High ROI: Solar solutions that can reduce electricity bills by up to 90 percent, offering an ROI of three to eight times the initial investment.
• Proven Track Record: Over 10,000 completed projects and a 98 percent customer satisfaction rate reflect the company’s commitment to excellence.
• Industry Recognition: INFRAX is an award-winning leader in solar EPC (Engineering, Procurement, and Construction) services.
• Expanding Dealer Network: A robust network of 90+ dealerships ensures seamless access to solar solutions across urban and rural regions.

Meeting the Needs of a Diverse Market

Infrax Renewable Ltd serves a broad spectrum of customers looking for sustainable and cost-efficient energy solutions, including:

• Residential households seeking to lower electricity costs and adopt clean energy.
• Businesses aiming for energy independence and long-term savings.
• Agricultural and remote industries that require large-scale solar energy solutions.
• Urban infrastructure projects looking to integrate renewable energy into the grid.

Scaling Solar Adoption Across India

The company’s growth strategy focuses on scalability and accessibility through various business models, including EPC projects, franchise partnerships, and solar inverter sales. By offering a comprehensive range of solar solutions, INFRAX is ensuring that solar energy is no longer an alternative but a necessity in India’s energy landscape.

Success Stories and Customer Impact

Infrax Renewable Ltd has delivered more than 30,000 kilowatts of installed capacity, helping customers across various sectors transition to solar power. Some key milestones include:

• Over 10,000 completed projects with a 98 percent customer satisfaction rate.
• Consistently positive testimonials from clients, including Gopal Snacks Limited, who have praised the company’s professionalism and service quality.

The Path Ahead: Expansion and Innovation

As Infrax Renewable Ltd continues to grow, the company is excited to announce its nationwide expansion, making its solar energy solutions accessible across all regions of India. With a strong dealership network and a commitment to innovation, INFRAX is positioned to lead India’s transition to sustainable energy.

A Market Poised for Growth

India’s solar energy market is experiencing unprecedented growth, driven by government incentives and increased awareness of renewable energy benefits. Key industry trends include:

• Government Support: Subsidies of up to 40 percent on solar installations and tax incentives under the National Solar Mission.
• Market Expansion: The Indian solar energy sector is projected to reach $600 billion by 2040.
• Rising Demand: Residential solar installations have increased by 300 percent in the last five years.

Join the Solar Revolution

Infrax Renewable Ltd invites homeowners, businesses, and industry leaders to take part in the clean energy revolution. To explore solar solutions, visit www.infraxrenewable.com or contact 18002742704 (Toll-Free) for inquiries. Dealers and franchise partners can also connect with INFRAX to expand their business in the growing renewable energy market.

For more details, please reach out to: Sales@infraxrenewable.com

With a vision for a sustainable and energy-efficient India, Infrax Renewable Ltd continues to shape the future of solar power, one project at a time.

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New Delhi [India], February 11: Alieus Hedge Fund is pleased to announce that it now manages approximately $30 million in Assets Under Management (AUM). This milestone reflects the firm’s strong growth, investor confidence, and global commitment to delivering exceptional investment solutions.

Since its inception, Alieus Hedge Fund has rapidly expanded its presence in key financial markets, attracting investors from India, the UK, Malaysia, Singapore, Mexico, and beyond. With regulatory approvals under Luxembourg RAIF and the Cayman Islands Monetary Authority (CIMA), the firm continues strengthening its position as a trusted investment partner.

“We are proud to reach this milestone of $30 million in AUM,” said Mr. Ashish Jain, Founder & CEO of Alieus Hedge Fund. “This achievement reflects the trust our investors place in us and the effectiveness of our investment strategies. As we continue to grow, we remain committed to delivering value, transparency, and sustainable returns.”

Alieus Hedge Fund has been actively engaging investors through high-profile events in Dubai, Thailand, Singapore, Azerbaijan, Mauritius, Georgia, Vietnam, Indonesia, Malaysia, Sri Lanka, and Hong Kong. The firm also recently applied for Alternative Investment Fund (AIF) registration in India, further expanding its regulatory footprint.

With a focus on hedge fund strategies, alternative investments, and wealth management, Alieus Hedge Fund is well-positioned to scale further, catering to institutional investors, family offices, and high-net-worth individuals (HNIs) worldwide.

About Alieus Hedge Fund

Alieus Hedge Fund is a global investment firm specializing in alternative investments and hedge fund strategies. With approximately $30 million in AUM and regulatory oversight in Luxembourg and the Cayman Islands, the firm is committed to providing innovative, transparent, and high-performing investment solutions to its growing investor base.

Media contact:

Ashish Jain, CEO, Alieus Fund

Email: info@alieusfund.com

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New Delhi [India], February 10: IMS Ghaziabad University Campus (UCC) is proud to announce its remarkable achievement of being recognized as the 4th Best BAJMC College, the Best BCA College (State Rank 1), and the Best BBA College (State Rank 1) in the state by the Indian Institutional Ranking Framework (IIRF) 2025.

This prestigious recognition highlights IMS Ghaziabad (University Course Campus)  dedication to providing top-quality education, innovative learning methods, and exceptional student support. The institution has long been a leader in higher education, and these rankings reinforce its position as a front-runner in shaping the future of students across various disciplines.

“We are incredibly honored to be recognized by IIRF 2025 as the Best BCA College and the Best BBA College (both State Rank 1), alongside being ranked 4th for BAJMC. This achievement speaks volumes about the excellence of our programs and the exceptional efforts of our students, faculty, and stakeholders. “Our goal has always been to empower students with knowledge, skills, and values that will help them succeed in their careers, and this recognition motivates us to continue setting new benchmarks of excellence.”

IMS Ghaziabad (University Course Campus) extends its heartfelt gratitude to its students, faculty, staff, and all those who have contributed to the success of the institution. This recognition is a shared achievement, and it is through collaboration and dedication that IMS continues to provide outstanding educational experiences.

With this significant achievement, IMS Ghaziabad (University Course Campus)  looks forward to further advancing its mission of academic excellence and innovation, ensuring that its students are prepared for the challenges and opportunities of the future.

About IMS Ghaziabad (University Courses Campus):

IMS Ghaziabad (University Course Campus), established in 1990, is a distinguished NAAC A-accredited institution offering a wide range of undergraduate, postgraduate, and doctoral academic programs. Known for its world-class infrastructure, the campus is equipped with a sophisticated library, smart classrooms, advanced IT and science labs, international-standard sports facilities, auditoriums, conference rooms, and environment-friendly open spaces. These facilities foster the holistic development of students, preparing them for the challenges of the professional world.

Why IMS Ghaziabad University Course Campus?

• Over 1,22,000 Books & 21 Clubs: Our Learning Resource Centre and numerous student clubs provide endless opportunities for intellectual and personal growth.
• Earn & Learn: We offer on-campus job opportunities for students, helping them to earn while gaining practical experience.
• Over 1,000 Free Tutorials: Our smart classrooms with digital learning tools ensure that students have access to over 1,000 free tutorials, enhancing their academic journey.
• Best Placements Across Courses: IMS Ghaziabad (University Course Campus) maintains an impressive placement record, with the highest salary package of 41 Lacs.

IMS Ghaziabad (University Course Campus) is one of the most innovative and forward-looking multidisciplinary institutes, catering to students from across India. With a commitment to delivering holistic education, IMS continues to create new dimensions in the academic landscape, producing highly sought-after professionals ready to lead in their respective industries. Join us to be a part of this vibrant ecosystem of learning and development.

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Mumbai (Maharashtra) [India], February 10: Shrijee Lifestyle Pvt Ltd is set to showcase its latest sustainable fabrics collection at Bharat Tex 2025 designed for the AW25/26 & SS26 seasons. With a strong focus on eco-friendly materials, the collection blends fibres like Organic Cotton, LIVA, Ecovero, Tencel, and Linen, along with unique combinations of Viscose and Recycled Polyester for a fresh, contemporary appeal.

Committed to sustainability, Shrijee Lifestyle uses natural and eco-friendly certified dyes ensuring fabrics that are safe for both consumers and the environment. The company has earned a reputation as a leading supplier of sustainable and fashion fabrics for leading Brands, backed by globally recognized certifications such as OEKO-TEX, ZDHC, and GOTS.

Expanding its capabilities, Shrijee Lifestyle is augmenting its digital printing capacity by 50% by March 2025 by adding the latest High-resolution High-Speed machines. The company anticipates digital printed fabric demand to more than double over the next few years and is poised to be the preferred supplier for brands prioritizing sustainability and certified processes.

Shrijee is also launching its latest 2025 Festive Collection in BHARAT TEX 2025, which includes. Intricately woven Jacquards and Dobby weaves for Ethnic wear, Blouses, & Dress Material.

Shrijee is India’s leading Integrated player in the Blouse segment. It manufactures High-End Defectless 2/2 Rubia and 2/1 Rubia woven on the latest Shuttleless Looms. It also manufactures satin and Jacquard fabrics for this segment. Shrijee is known for its quality and finish, which is superior to other players who are using Power loom Grade processed in Pali, which often leads to quality complaints like poor colour fastness or weaving defects. This is the reason why Top Retailers prefer to stock fabrics manufactured by Shrijee, which has their loyal customers for 5 decades

For further information, please contact: info@shrijeelifestyle.com

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Mumbai (Maharashtra) [India], February 10: Askon Hygiene Products Pvt Ltd has been manufacturing products like hand dryers, soap and sanitizer dispensers, sensor taps, urinal sensor flush valves and other products since 1985. With state of the art factory in Mumbai and Vasai in Maharashtra, Askon has embodied the concept of Make-in-India since its inception about 4 decades ago. With continuous investment in the manufacturing of new cutting edge products and R&D, Askon has become the first company in India with BIS certification for hand dryers. Four hand dryer models received the ISI mark in September 2024 and as on this date Askon is the only company with this certification for hand dryers. The hand dryers are tested to ensure safe and reliable performance of the product. Each and every component from the plastics, motor, cord wires, connectors, transformer and electronic circuits are tested for various parameters to meet or exceed the set standards.  Products are also tested so that there is no compromise on safety of the user even in case of malfunction.

The company has voluntarily taken the BIS certification for hand dryers even before the certification becomes mandatory from March 2025 to show its commitment to promoting quality and helping in building the quality ecosystem in the country. This effort has been rewarded by BIS with a special award on the world standards day in 2024.

Askon also has the prestige of getting the India Design Mark for its InstaJet Pro series hand dryers by the National Institute of Design and Good Design Awards, Japan. The products are evaluated by an eminent jury from the field of design and Askon is the first company in India to receive this award for hand dryers in India. This once again reaffirms Askon’s commitment to making great quality Made-in-India products with an emphasis on good design.

With many products being planned for launch in 2025 it is will again be a year of many firsts with strong focus on novel Made-in-India products. The products are developed with not only Indian market in mind but to make India an export powerhouse for products like hand dryers, sensor taps, soap and sanitizer dispensers and other products. With continuous investments in manufacturing capacity and product development, Askon is moving rapidly to realise this dream. Askon is already exporting products to clients in more than 15 countries in Gulf, EU and African region. That is why Askon is the brand of choice for many architects and companies for their need of washroom hygiene accessories.  Website:www.askonhgyiene.com | Email:info@askonhygiene.com |

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Vadodara (Gujarat) [India], February 10: BSE-listed Gujarat Inject (Kerala) Limited (BSE: 524238), a leading agricultural company, reported a staggering increase of 4,500% in its net profit for the quarter ended December 2024.

The company specializes in the trade of bulk vegetables and fruits, sourcing fresh produce directly from farmers and delivering it to shop owners, ensuring quality, freshness, and a seamless supply chain.

Gujarat Inject (Kerala)’s net profit for the December 2024 quarter was Rs. 21.16 lakh, an increase of 45 times over the profit of Rs. 0.46 lakh in the corresponding quarter of the previous year. The company’s revenue in the December 2024 quarter was Rs. 315.23 lakh, compared to Rs. 21.59 lakh in the same quarter of the previous year, a growth of 1,360%.

Highlights: 

• For the first nine months of the fiscal year, the company demonstrated exceptional performance with a 2,007% rise in revenue to Rs. 1,480.86 lakh (from Rs. 36.96 lakh) and a 3,906% jump in net profit to Rs. 94.40 lakh (from Rs. 4.48 lakh).

• The company reported nine months ended FY24-25 net profit at Rs. 94.40 lakh i.e. 11 times higher than the net profit of FY23-24.

• The company reported a remarkable 4,500% surge in net profit for the quarter ended December 2024, reaching Rs. 21.16 lakh compared to Rs. 0.46 lakh in the same period last year.

• The company’s revenue for the December 2024 quarter also witnessed impressive growth, increasing by 1,360% to Rs. 315.23 lakh from Rs. 21.59 lakh in the corresponding quarter of the previous year.

For the nine months ended December 2024, Gujarat Inject (Kerala)’s revenue was Rs. 1,480.86 lakh as against Rs. 36.96 lakh in the corresponding period of the previous fiscal, a growth of 3,906%. The Net profit for the nine-month period was Rs. 94.40 lakh, 2,007% higher than the net profit of Rs. 4.48 lakh in the same period of the previous year.

Gujarat Inject (Kerala)’s shares, having a face value of Rs. 10, closing price was Rs. 27.13 as on Friday, 7^th Feb, 2025. The shares have seen a high of Rs. 28 and a low of Rs. 8.74 in the last 52 weeks. The company’s market capitalization is Rs. 39.04 crore. After a lack of significant activity in previous years, the company has shown improvement in performance over the last two years.

The improved performance is also reflected in the share price, which is up by 35% in the past month. Additionally, trading volumes too have gone up, suggesting positive momentum in the stock.

About Gujarat Inject (Kerala) Limited:

Gujarat Inject (Kerala) Limited (BSE: 524238) is a distinguished name in the agricultural sector, specializing in the cultivation and distribution of premium-quality vegetables, fruits, and other agricultural produce. With a steadfast commitment to excellence, the company has demonstrated remarkable growth in recent years, marked by a strong financial performance and an expanding market presence. Gujarat Inject plays a pivotal role in the B2B segment, supplying fresh and superior-quality produce to businesses, shops and retailers. Through innovation, sustainability, and an unwavering focus on quality, the company continues to strengthen its position in the agribusiness landscape, fostering long-term value for shareholders and stakeholders.

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Ahmedabad, February 10, 2025: 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 Q3 and Nine Months of FY 2024-25 ended 31^st December 2024.

Business Highlights:

• Exports for Q3 FY25 at Rs. 79 crores; Exports for 9M FY25 at Rs. 206 crores
• Composite Scheme of Arrangement involving Demerger, Slump Sale as well as Amalgamation between Asian Granito India Ltd and other entities is approved with the requisite majority by Shareholders and Creditors
• During Q3FY25, company board Approved allotment of total 2.03 crore equity shares on conversion of equal amount of warrants at Rs. 48.15 per share; Post-warrant conversion, Promoter Group holding increased to 33.52% as on Dec 2024
• Launched 3^rd TVC featuring of the “Premium ka Pappa” campaign with Ranbir Kapoor with the tagline: “Jo Ranbir Ko Shaadi Mein Nachate Hain, Ghar Mein AGL Tiles Lagate Hain”. Campaign has garnered over 17 million views on YouTube
• Company signed renowed Bollywood actress Vaani Kapoor for its Bonzer7 brand

Recently launched – AGL Tile Guru, First-of-its-kind Initiative in the Tiles Industry to educate and empower stakeholders

Financial Highlights (Consolidated)

	Q3 FY25	Q3 FY24	Y-O-Y	9 Months FY25	9 Months FY24	Y-O-Y
Net Sales (Rs. Cr)	360.02	371.23	-3%	1086.90	1106.95	-2%
EBITDA (Rs. Cr)	15.87	1.50	955%	46.53	31.09	50%
EBITDA Margin (%)	4.41%	0.41%	400 bps	4.28%	2.81%	147 bps
Net Profit (Rs. Cr)	-1.02	-8.14	87%	3.82	-14.58	126%
Net Profit Margin (%)	-0.28%	-2.19%	191 bps	0.35%	-1.32%	167 bps

Consolidated Highlights: Q3FY25 Results

The Company has reported a consolidated net loss of Rs. 1 crore for the Q3FY25 ended 31^st December 2024 as compared to the net loss of Rs. 8 crore for Q3FY24. Consolidated Net sales of the company in Q3FY25 was reported at Rs. 360 crore as against net sales of Rs. 371 crore in Q3FY24 due to softness in domestic demand and continued weakness in tile exports. EBITDA for Q3FY25 stood at Rs. 16 crore (EBITDA Margin 4.41%) as against EBITDA of Rs. 2 crore (EBITDA Margin 0.41%) in Q3FY24, rise of 955% Y-o-Y on account of higher realization and marginal reduction in gas prices. Exports for the Q3FY25 was reported at Rs. 79 crore, rise of 22% Y-o-Y as compared to export of Rs. 60 crore in Q3FY24 mainly on account of quartz export.

Commenting on the results and performance, Mr. Kamlesh Patel, Chairman and Managing Director said, “Strategic initiatives like the AGL demerger, expanding retail presence and showrooms, and appointing Ranbir Kapoor as brand ambassador reflect our strong commitment to growth and ambition to become a global brand. Company is committed with a long-term vision of achieving a total revenue target of Rs. 6,000 Crores. Despite facing challenges such as fluctuations in raw material costs, export policies, and fierce competition that have impacted both business and margins, the company has posted strong results for Q3 and 9 months of FY25. As a key player in the Indian ceramic industry, the company aims to increase market share through continuous product development, new designs, and advanced manufacturing technology for enhanced customer alignment and growth.”

Financial Highlights (Standalone)

	Q3 FY25	Q3 FY24	Y-O-Y	9 Months FY25	9 Months FY24	Y-O-Y
Net Sales (Rs. Cr)	295.45	320.24	-8%	895.73	954.35	-6%
EBITDA (Rs. Cr)	4.03	5.23	-23%	16.47	21.43	-23%
EBITDA Margin (%)	1.36%	1.63%	-27 bps	1.84%	2.25%	-41 bps
Net Profit (Rs. Cr)	1.59	6.35	-75%	8.28	20.25	-59%
Net Profit Margin (%)	0.54%	1.98%	-144 bps	0.92%	2.12%	-120 bps

Standalone Highlights: – Q3 FY25 Results

The Company has reported a standalone net profit of Rs. 2 crore for Q3 FY25 ended 31^st December 2024 as compared to the net profit of Rs. 6 crore in Q3FY24. Standalone net sales for the third quarter of FY24-25 reported negative growth of 8% to Rs. 295 crore as against net sales of Rs. 320 crore in Q3 FY23-24 due to lower price realisation. EBITDA for Q3 FY25 stood at Rs. 4 crore (EBITDA Margin 1.36%) as against EBITDA of Rs. 5 crore (EBITDA Margin 1.63%) in Q3 FY24.

The Composite Scheme of Arrangement involving Demerger, Slump Sale, and Amalgamation between Asian Granito India Ltd and other entities was approved with the requisite majority by shareholders and creditors of the respective companies. Following National Company Law Tribunal order on 25 October 2024, meeting of equity shareholders, secured creditor and unsecured creditors of the company was held on 17 December 2024 and 18 December 2024 in relation to Composite Scheme of Arrangement involving Demerger, Slump Sale as well as Amalgamation between Asian Granito India Ltd, 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 already received “No Objection” letter from stock exchanges – Bombay Stock Exchange and National Stock Exchange for the same.

Company board on 23^rd November 2024 by way of passing circular resolution approved allotment of 78,02,884 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. 28.18 crore. On 15 October 2024 and 8 October 2024 also board approved allotment of 47.14 lakh equity shares and 77.82 lakh equity shares respectively on conversion of an equal amount of warrants. Consequent to this conversion of warrants/allotment of Equity Shares, all the warrants stands converted and no warrants is pending conversion.

Pursuant to conversion of warrants, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 1,47,04,53,160 consisting of 14,70,45,316 fully paid-up Equity Shares of Rs. 10 each. Post the warrants conversion, Promoter Group holding in the company as on 31^st December 2024 has increased to 33.52% from 29.02% on 30^th September 2024.

Company has recently unveiled ‘AGL Tile Guru’ – an innovative knowledge initiative designed to empower and educated customers and stakeholders with the tools they need to make informed choices. This initiative reaffirms AGL’s commitment to enhancing customer experience and engaging with industry professionals. Strengthening its commitment, AGL is hosting ‘Mason Meet’ workshops across India, upskilling masons in Tier 2 and 3 cities with modern construction techniques and premium product management for enhanced craftsmanship.

Highlights: 9M FY25 Results

For the nine months ended 31^st December 2024 (9MFY25), on the consolidated basis, company has reported a net profit of Rs. 4 crore, EBITDA of Rs. 47 crore and net sales of Rs. 1087 crore.

On Standalone basis, the company has reported a net profit of Rs. 8 crore, EBITDA of Rs. 16 crore and net sales of Rs. 896 crore.

In a strategic move to elevate the AGL brand, the company signed Bollywood superstar Ranbir Kapoor as its brand ambassador and launched the “Premium ka Pappa” campaign. With Kapoor’s endorsement, the brand aims to expand its reach, particularly among the youth, advancing its vision of growth and connectivity. Company also launched its 3^rd TVC of the campaign with Ranbir Kapoor in the witty and relatable tagline: “Jo Ranbir Ko Shaadi Mein Nachate Hain, Ghar Mein AGL Tiles Lagate Hain”. “Premium ka Pappa” campaign has already garnered over 17 million views on YouTube alone. The company has also signed Bollywood actress Vaani Kapoor as its brand ambassador for its Bonzer7 brand.

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)

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New Delhi [India], February 10: Xpedeon’s ERP platform* is designed to enhance efficiency, boost productivity, and manage costs effectively by seamlessly integrating digital workflows across Procurement, Inventory, Plant Management, Contract Management, Manufacturing, Payroll, HR, Financial Accounts, Rentals, and Leasing. With its purpose-built capabilities, Xpedeon empowers organizations to achieve streamlined operations and outstanding project performance.

Janak Vakharia has led Xpedeon as Chief Executive Officer since its founding in 1994, transforming the company’s journey from concept to a global ERP solutions provider. His leadership has transitioned Xpedeon from a traditional licensing model to a profitable Cloud/SaaS platform, fostering substantial growth through strategic market expansions and technology advancements.

Janak focuses on scaling Xpedeon’s business and operations for global reach. His responsibilities comprehend developing strategic plans for sales and marketing expansion, especially in key regions like the US, EU, and Asia-Pacific. He is dedicated to building a world-class team to drive revenue and brand visibility while overseeing operational and financial metrics to ensure a profitable SaaS model, guiding the company’s growth trajectory. Mr. Janak Vakharia’s opinion on the pre-budget is, “As we approach the Union Budget, the construction industry is hopeful for a significant boost in government spending on infrastructure projects and affordable housing, which are critical drivers of economic growth and job creation. Construction ERP providers and industry leaders are advocating for tax incentives and subsidies to encourage the adoption of ERP systems and other digital tools. Such measures can significantly enhance productivity, transparency, and cost efficiency in project management, enabling businesses across the sector to thrive in an increasingly competitive environment.

We further urge the government to focus on policy frameworks that support sustainable construction practices, including incentives for green building initiatives and innovations in energy-efficient technologies. These steps will not only strengthen the sector but also align with India’s broader goals of sustainability and digital transformation.”

 Views expressed above are the author’s own and do not reflect the publication’s views.