Category: Business

Suvro Chandra, Joint Managing Director, P.C. Chandra Jewellers, A.K. Chandra, Managing Director, P.C. Chandra Group, Shri Javed Akhtar, Shri Goutam Ghosh, and Prosenjit Chandra, Director, P.C. Chandra Jewellers

Kolkata (West Bengal) [India], May 4: P.C. Chandra Group, an 85-plus-year legacy and one of the leading business houses from the East, with its esteemed luxury jewellery brand P.C. Chandra Jewellers, conferred the prestigious 33^rd P.C. Chandra Puraskaar upon the legendary wordsmith Shri Javed Akhtar at a grand ceremony in Kolkata. Instituted by the P.C. Chandra Group, this award recognizes exceptional achievements across diverse fields, honouring the legacy of its visionary founder, Shri Purna Chandra Chandra.

The Puraskaar, carrying a tax-free honorarium of ₹20 lakhs, is among the most respected honours and is awarded annually to the founder, Shri. Purna Chandra Chandra’s birth anniversary. Since its inception in 1993, it has celebrated national icons, including Grandmaster Viswanathan Anand, Nobel Laureate Kailash Satyarthi Ji, veteran singer Smt Asha Bhosle, Dr. Devi Shetty, Shri Kapil Dev, Ustad Amjad Ali Khan, Smt Mary Kom, and Shri Somanath S, Shri Leader Peas, among others.

Speaking at the occasion, Mr. Suvro Chandra, Joint Managing Director of P.C. Chandra Jewellers, said, “Today, we honour Shri Javed Akhtar with the 33^rd PC Chandra Puraskaar, a recognition that celebrates excellence, legacy, and enduring impact. Through his words as a poet, lyricist, and screenwriter, he has shaped generations and enriched Indian cinema and literature.”

He also added, “Much like the ethos of PC Chandra Group, celebrating stories, milestones, and moments that last — his work continues to inspire, resonate, and live on through time. We feel privileged to honour him. ”

The evening was also graced by the presence of Chief Guest Shri Goutam Ghosh, the renowned national award-winning film director, along with Shri Arun Kumar Chandra, Managing Director of P.C. Chandra Group; Mr. Suvro Chandra, Joint Managing Director of P.C. Chandra Jewellers; and Mr. Prosenjit Chandra, Director of P.C. Chandra Jewellers. 

P.C. Chandra Group is a leading business conglomerate from East India, with a legacy of 85 plus years of trust and customer loyalty in jewellery through P.C. Chandra Jewellers, having over 75 plus showrooms across India. The Group has diversified into various sectors, including adhesives, chemicals, hospitality, software, environmental initiatives, real estate, rubber plantations, and rental services. With a strong reputation and trust among global consumers and prestigious clients, P.C. Chandra Group is a socially responsible corporation committed to numerous CSR initiatives. These include the J.L. Chandra Merit Scholarship, J.N. Chandra Anuprerna, Gyandhara, Neem Banani, and #StopTheDrop, focusing on education, environment, and community development.

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Ahmedabad (Gujarat) [India], May 2: Ahmedabad (Gujarat) [India], May 4: Munoth Hedge Fund (MHF), a SEBI-registered Alternative Investment Fund (AIF Category III), hosted its semi-annual conference “ONE/2,” at IIMA Ventures, Ahmedabad, on May 1, 2026.

Managed by Munoth Capital Market Limited (MCML), under the leadership of Siddharth Jain, MHF continues to position itself at the intersection of capital, research, and informed dialogue.

Vidhi Kankaria, also from the Munoth Hedge Fund leadership team, curated ONE/2 to cover the breadth of investments. Starting from venture capital, to secondary markets, a whole range of alternative asset classes were discussed. The event convened 100+ people from different professional and industrial backgrounds to add muscle to the topics at hand!

The event featured keynote insights from Apurva Sahijwani, Managing Director & CEO at Avendus Wealth, who shared his perspective on the trajectory and growth of alternative investments in India.

He was joined by Vipul Patel, Partner at IIMA Ventures, who delved into the “India Story” through the lens of venture capital, innovation, and entrepreneurial momentum.

MHF, as part of its commitment to fostering dialogue between capital and innovation also hosted two emerging startups backed by IIMA Ventures: Orbitt Space and Genoscope. Both ventures are developing cutting-edge solutions to existing shortcomings in the space-tech & health-tech sectors, respectively

Through ONE/2, Munoth Hedge Fund continues to build a platform that bridges institutional capital, venture ecosystems, and emerging technologies, anchored in the belief that informed dialogue is fundamental to long-term value creation

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Mumbai (Maharashtra) [India], May 4: Sejal Glass Limited (Sejal Glass, The Company), (NSE Code: SEJALLTD/ BSE Code: 532993), one of the leading players in the architectural glass industry, specializing in high-quality glass solutions, has announced its Audited Financial Results for Q4 FY26.

Key Consolidated Financial Highlights

Particulars (₹ Cr)	Q4 FY26	Q4 FY25	YOY	FY 26	FY25	YOY
Total Income	116.85	67.90	72.09%	401.36	244.95	63.85%
EBITDA	20.47	9.84	108.03%	66.32	35.34	87.66%
EBITDA Margin	17.52%	14.49%	303 Bps	16.52%	14.43%	210 Bps
Net Profit	11.42	3.78	202.12%	29.03	11.03	163.19%
Net Profit Margin	9.77%	5.57%	420 Bps	7.23%	4.50%	273 Bps
EPS (In ₹) (Diluted)	9.60	3.75	156.00%	27.12	10.85	149.95%

Commenting on the performance, Mr. Amrut Gada, Promoter of Sejal Glass Limited, said, “We are pleased to report a strong close to FY26, with the Company delivering its highest ever quarterly performance in Q4, supported by robust execution and sustained demand across key segments. During the year, we successfully surpassed our revenue guidance, with total income crossing ₹401 Cr, reflecting consistent growth momentum across both domestic and international markets.

Operational performance during the quarter remained strong, driven by an improving product mix and better contribution from recently integrated units. While the Company faced some temporary supply chain disruptions in international operations, overall execution remained stable, enabling us to maintain margins in line with our stated guidance.

Looking ahead, we remain focused on scaling our value-added product portfolio and enhancing operational efficiencies. With strong demand visibility, improving capacity utilisation and continued focus on higher margin products, the Company is well positioned to sustain its growth trajectory in the coming years.”

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Navi Mumbai (Maharashtra) [India], May 4: Mitsu Chem Plast Limited (Mitsu, The Company) (BSE:540078), one of the leading global manufacturers of blow-molded and injection-molded products and a specialist in Hospital furniture components, Infrastructure Products, Packaging Bottles, Drums, Jerry Cans, Pails, and Caps, has announced its Audited Financial Results for Q4 FY26.

Key Financial Highlights

Q4 FY26

• Total Income of ₹ 8,679.47 Lakhs,
• EBITDA of ₹ 1,422.74 Lakhs, YoY growth of 72.98%
• EBITDA Margin of 16.45%, YoY growth of 736 Bps
• Net Profit of ₹ 771.73 Lakhs, YoY growth of 117.90%
• Net Profit Margin (%) of 8.92%, YoY growth of 501 Bps
• EPS of ₹ 5.68, YoY growth of 117.62%

FY26

• Total Income of ₹ 35,084.56 Lakhs, YoY growth of 5.40%
• EBITDA of ₹ 3,466.31 Lakhs, YoY growth of 48.88%
• EBITDA Margin of 9.90%, YoY growth of 289 Bps
• Net Profit of ₹ 1,561.87 Lakhs, YoY growth of 115.40%
• Net Profit Margin (%) of 4.46%, YoY growth of 228 Bps
• EPS of ₹ 11.50, YoY growth of 113.36%

Commenting on the performance, Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited said,“Q4 FY26 has been a satisfying close to what has been a year of steady and purposeful progress for Mitsu Chem Plast. We delivered meaningful improvement in profitability during the quarter, driven by disciplined execution, better operating efficiencies, and a continued focus on higher value-added products. Our Furnastra healthcare furniture vertical continues to scale well, and our export business remains on a strong growth trajectory spanning more than 17 countries.

We are also excited about our strategic entry into the Intermediate Bulk Container vertical, which we believe is a natural and well-timed extension of our packaging capabilities and will open a significant new avenue for growth. As we step into FY27, we remain committed to disciplined capital deployment, operational excellence, and delivering sustainable long-term value for all our stakeholders.”

Q4 FY26 Key Operational Highlights

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Mumbai (Maharashtra) [India], May 4: Simca Advertising Limited, a Mumbai and Maharashtra-based OOH (Out-of-Home) advertising player, is coming up with its IPO. The company is opening its Initial Public Offering on May 08, 2026, aiming to raise ₹ 58.04 Crores with shares to be listed on the NSE Emerge platform.

The issue size is ₹58.04 Crore with a fresh issue size of 31,71,600 equity shares with a face value of ₹10 each with a price band of ₹174 – ₹183 Per Share.

Equity Share Allocation

• QIB (Including Anchor Portion) – 9,27,000 Equity Shares
• Non-Institutional Bidders – 10,29,600 Equity Shares
• Individual Bidders – 10,56,000 Equity Shares
• Market Maker – 1,59,000 Equity Shares

The net proceeds from the IPO will be utilized for the purchase and installation of LED (“Light-emitting diode”) screens, funding for strategic collaboration with Capital World Media Services Private Limited (“CWM”) for monetization of 20 LED digital advertising screens, funding incremental working capital requirements, general corporate purposes, and issue-related expenses. The anchor bidding will open on Thursday, May 07, 2026. The issue will open on Friday, May 08, 2026, and close on Tuesday, May 12, 2026.

The Book Running Lead Manager to the Issue is Socradamus Capital Private Limited, and the Registrar to the issue is MUFG Intime India Private Limited.

Mr. Fahim Batliwala, Chairman, Managing Director, and Promoter of Simca Advertising Limited, expressed, “At Simca Advertising, our focus has always been on delivering high-impact outdoor advertising solutions backed by strong execution capabilities. The IPO is a strategic step towards scaling our digital footprint and capitalizing on the growing shift towards DOOH advertising.

We intend to utilize the proceeds to expand our LED screen network, strengthen partnerships, and support working capital requirements. With rising urbanization and demand for premium outdoor media, we are well-positioned to capture the next phase of growth in the OOH industry.”

Mr.  Priyesh Jain, Director of Socradamus Capital Private Limited, expressed, “Simca Advertising Limited operates in a niche segment of the Out-of-Home (OOH) advertising industry, which is witnessing steady growth supported by urbanization and increasing adoption of organized media formats. The company has built a strong presence in key high-traffic locations and demonstrated consistent growth in its operations.

With increasing traction in Digital Out-of-Home (DOOH) advertising and focus on expanding digital infrastructure, we believe the company is well-positioned to leverage emerging opportunities in the sector. We are pleased to partner with the company in this IPO and support its growth journey.”

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Visakhapatnam (Andhra Pradesh) [India], May 4: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced key capital market developments comprising fresh warrant issuance and conversion of existing warrants, aimed at further strengthening the Company’s capital structure.

Key Approved Developments:

• Fresh Allotment of 4,40,00,000 Convertible Equity Warrants at ₹9.45 per warrant on a preferential basis, aggregating to ₹10.40crore on receipt of 25 % of Subscription Amount.

• Conversion of 2,82,97,870 Existing Warrants issued at 14.10 into Equity Shares following receipt of balance subscription money aggregating to ₹29.92 crore

These developments are expected to strengthen Steel Exchange India’s capital base and financial flexibility, enhancing the Company’s ability to support operational expansion, improve working capital efficiency, and pursue strategic growth opportunities. With a reinforced financial foundation, SEIL remains well-positioned to capitalize on demand growth in the domestic steel sector and drive long-term value creation.

Commenting on the update, the management of Steel Exchange India Limited said: “ The warrant allotment and subsequent conversion represent a strategic step in strengthening our capital base and enhancing financial flexibility. This positions us well to scale operations, improve supply chain efficiencies and pursue growth opportunities across the steel value chain, while continuing to build long-term value.”

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Mr Rajendra Kumar Setia, Managing Director & CEO, SK Finance Limited

Jaipur (Rajasthan) [India], May 4: SK Finance Limited today announced its financial results for the fourth quarter and financial year ended March 31, 2026, registering growth across key business parameters.

The company registered total income from operations of ₹2,823.60 crore during the FY26, while net profit after tax (PAT) stood at ₹431 crore.

SK Finance Limited reported strong growth in its Assets Under Management (AUM), which increased to ₹15,755.22 crore as of March 31, 2026. During FY26, the company recorded total disbursements of ₹9,162.27 crore.

Key Highlights

• AUM at ₹15,755 crore as of March 31, 2026
• Disbursements over ₹9,162 crore for FY26
• PAT crosses ₹431 crore for FY26

As of March 31, 2026, SK Finance Limited maintained a strong balance sheet with a net worth of ₹3,962.83 crore and a debt-equity ratio of 3.23, reflecting prudent leverage and financial stability.

The Company continues to maintain strong credit credentials, with long-term ratings of AA-/Stable from ICRA and CARE Ratings and AA-/Positive from India Ratings, while the short-term rating stands at A1+, reaffirming confidence among lenders and investors.

Commenting on the company’s performance, Mr Rajendra Kumar Setia, Managing Director & CEO, SK Finance Limited, said, “FY26 was a defining year for us, with strong growth in AUM, profitability, and other key parameters, while maintaining focus on asset quality. This reflects the strength of our asset-backed lending model and our close customer relationships.”

“As the NBFC sector evolves towards data-led, digital-first lending, we are building scalable platforms that enhance underwriting, improve customer experience and strengthen risk management. We believe this is the year of technology in financial services—and SK Finance is ready to lead this transformation for Naya Bharat,” he added.

About SK Finance Limited

Founded in 1994, SK Finance Limited is one of India’s leading non-banking financial companies with a diversified, asset-backed lending portfolio, spanning commercial vehicles, cars, tractors, construction equipment, and secured business loans, among others.

The company operates across 12 states and 2 union territories, supported by a network of 705+ branches and a workforce of over 12,800 employees. It serves a large customer base through a combination of direct sourcing, dealer partnerships, and channel networks.

The company combines deep on-the-ground distribution capabilities with data-led underwriting and risk management frameworks, enabling scalable growth and a strategic focus on financing income-generating assets.

With a scalable operating model, strong lender confidence, and disciplined execution, SK Finance continues to strengthen its position as a fast-growing player in India’s asset-backed lending space.

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