Tag: Business

New Delhi [India], August 4: KRN Heat Exchanger and Refrigeration Limited (NSE – KRN | BSE – 544263), One of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils has announced its Unaudited Financial Results for Q1 FY26.

Q1 FY26 Standalone Key Financial Highlights

Total Income of ₹ 117.14 Cr, YoY growth of 18.65%
EBITDA of ₹ 19.79 Cr, YoY growth of 16.02%
Net Profit of ₹ 15.69 Cr, YoY growth of 34.85%
EPS of ₹ 2.52, YoY growth of 0.00%

Q1 FY26 Consolidated Key Financial Highlights

Total Income of ₹ 118.86 Cr, YoY growth of 22.56%
EBITDA of ₹ 17.59 Cr, YoY change of -0.58%
Net Profit of ₹ 12.42 Cr, YoY growth of 3.77%
EPS of ₹ 2.00, YoY change of -22.78%
Other Key Highlights for Q1 FY26 – Consolidated

The Company recorded a total segment revenue of ₹115.28 Cr in Q1 FY26, reflecting a robust year-on-year growth of 20.36%.
Domestic revenue stood at ₹96.39 Cr, contributing 83.62% to the total, and marking a 17.27% increase over Q1 FY25.
Overseas revenue grew by 39.04% YoY to ₹18.89 Cr, accounting for 16.38% of total segment revenue. Key markets included the UAE (₹8.76 Cr) and Italy (₹3.57 Cr).
The Company also generated revenue from a diversified international portfolio, with contributions from Canada, Croatia, France, Germany, and Spain, highlighting its expanding global footprint.

Comment on Financial Performance Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “We have made a strong start to FY26. The successful commissioning of our Neemrana facility under our subsidiary, KRN HVAC Products Pvt. Ltd., marks a major milestone in our growth journey. This state-of-the-art manufacturing hub significantly enhances our ability to localize production, serve both domestic and export markets more efficiently, and strengthen backward integration.

The HVAC industry continues to benefit from robust tailwinds, including sustained infrastructure development, increasing adoption of energy-efficient systems, and growing demand for thermal management solutions. KRN is strategically aligned with these trends, and we are actively scaling our capacities to meet the evolving needs of our customers. With the PLI incentive approval, we are further strengthening our value chain and reinforcing our presence in key markets, both in India and globally.”

Q1 FY26 Key Business Highlights

Subsidiary Secures PLI Incentive	PLI Approval: KRN HVAC Products Pvt. Ltd., subsidiary, approved under PLI Scheme for white goods. Incentive Sanctioned: ₹141.72 Cr granted by IFCI Ltd. Purpose: To aid expansion, localization, and backward integration.
Subsidiary Commences Production at Neemrana Plant	Commercial Operations: KRN HVAC Products Pvt. Ltd., subsidiary commenced production on May 31, 2025. Location: RIICO Industrial Area, Neemrana, Alwar, Rajasthan. Product Focus: Heat Exchangers and HVAC products.

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Ahmedabad (Gujarat) [India], August 4: Bulkcorp International Limited (NSE – BULKCORP), one of the leading manufacturers of food-grade FIBCs (Flexible Intermediate Bulk Containers), is pleased to announce that it has received the globally recognized SEDEX (Supplier Ethical Data Exchange) certification. This key milestone reinforces the company’s commitment to ethical business practices and high-quality manufacturing, while unlocking eligibility for major international tenders, particularly from global corporations and MNCs.

The SEDEX certification enhances the Company’s global positioning by validating its adherence to international standards on labour practices, environmental responsibility, and supply chain transparency. As compliance-led procurement becomes a core requirement for international clients, this development strategically strengthens the Company’s ability to secure global partnerships and large-volume export opportunities.

This achievement will play a pivotal role in accelerating its export growth. The Company is already serving clients across Europe, North America, LATAM, and the Middle East and is actively focused on expanding its international footprint through high-volume, compliance-driven partnerships.

Commenting on the development, Mr. Punit Gopala, Managing Director and CEO of BulkcorpInternational Limited said, “The SEDEX certification marks a defining step in our evolution as a globally trusted packaging partner. It strengthens our positioning for large-scale international tenders and affirms our alignment with the values of multinational clients who prioritise ethical and sustainable sourcing. This milestone is fully in sync with our strategic roadmap for export-led growth and long-term value creation across global markets. It aligns closely with our strategic focus on building long-term, high-volume global partnerships.”

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Mumbai (Maharashtra) [India], August 4: Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement industry, has commenced operations at the Purnea (Bihar) depot for Adani Cement Limited under the CCFA model.

This depot marks the company’s 9^th depot in the current financial year 2025–26 and is expected to handle a monthly volume of around 5,000 MT, significantly enhancing the company’s overall distribution capacity. With this addition, the total number of depots and rake points operated by the company has increased to 111. This expansion aligns with the company’s strategic vision of strengthening its pan-India cement supply chain and reflects its strong commitment to addressing the evolving needs of the cement industry through scalable, reliable, and cost-effective supply chain solutions.

Commenting on this Mr. Uddhav Poddar, Managing Director, Kaushalya Logistics Limited said, “The commencement of operations at our Purnea depot marks another important step in the expansion of our cement supply chain across India. With each new location, we are enhancing our ability to reach key markets more efficiently and serve our partners with greater consistency and reliability.

Our growing network reflects the strategic direction we have set for the company. By strengthening our distribution capabilities and building scale, we are not only supporting the operational needs of the cement industry but also creating long-term value through improved service coverage and timely deliveries.

We remain fully committed to our goal of establishing a robust, pan-India cement supply chain. The progress we have made so far reinforces our confidence in pursuing expansion, with a target of reaching over 200 locations by the end of FY26, and in continuing to drive sustainable growth that creates long-term value.”

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New Delhi [India], August 2: Essex Marine Limited, a Kolkata-based seafood processing and exporting company, is planning to raise up to Rs. 23.01 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME platform. The public issue opens on August 04, 2025 and closes on August 06, 2025. The Proceeds of the public issue will be utilised to fund the company’s expansion plans, repayment of loans, funding working capital requirements and general corporate purposes. Khandwala Securities Limited is the lead manager of the issue.

Highlights:-

• Fresh Public issue of 42.62 lakh equity shares opens from August 04, 2025 to August 06, 2025
• The company is engaged in seafood processing and exporting
• Minimum lot size for application is 4000 shares; Minimum IPO application amount approx. Rs. 2.16 lakh
• For FY24-25, the company reported total income of Rs. 39.93 crore and Net Profit of Rs. 4.66 crore
• Khandwala Securities Limited is the lead manager of the issue.

The initial public offering of Rs. 23.01 crore comprises a fresh issue of 42,62,000 shares of face value Rs. 10 each. Out of these, 2,14,000 shares are reserved for market makers, whereas 40,48,000 shares are for public offering. The company has finalised the price of Rs. 54 per equity share for the public issue. The lot size is 2000 shares, and the minimum lot size for retail investors is 4000 shares, amounting to a minimum investment of approximately Rs 2,16,000.

The issue aims to raise funds for multiple objectives. The company will utilise Rs. 2.48 cr. for the expansion of existing peeling capacity, Rs. 0.78 cr. for the setting up of a “ready-to-cook” section by adding blanching in the existing process, and Rs. 6.00 cr. for working capital, Rs. 7.15 cr. for repayment/prepayment of certain borrowings, and Rs. 3.43 cr. for general corporate purposes.

Post IPO listing, the promoters’ shareholding will come down to 72.08% from 99.99% pre-IPO status.

Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company. The company procures, processes, stores, and exports quality fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, to countries like China, Belgium, and Japan. Their processing facility in Midnapur, West Bengal, is equipped with modern machinery such as IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, adhering to international standards like HACCP, GMP, SSOP, FSSAI, and BRC. The company operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing, and exporting products to international customers.

The company’s modern processing facility is located at Shankarpur, near Digha, a major landing center in Purba Medinipur, West Bengal an area known for high Vannamei aquaculture production. Product portfolio includes marine fish, marine shrimp, aquculture vannamei shrimp.

The company’s strengths include a strategic processing unit location, wide geographical reach, strong quality control, and long-term customer relationships. Cost-effective production, timely delivery, and an experienced management team further enhance its competitive edge.

Business Highlights:-

The company’s total income for the Fiscal 2024-25 was Rs 39.93 crores, whereas Net Profit was Rs 4.66 crore. For the period that ended on December 31, 2024, the company registered total income of Rs 29.86 crore with Rs 4.1 crore Profit After Tax.

The company has reported PAT margins of 9.25% (FY23), 9.52% (FY24), 12.53% (FY25), and RoCE margins of 17.14%, 14.40%, 18.87%, respectively for the referred periods. Shares of the company will be listed on BSE SME platform.

IPO Highlights – Essex Marine Limited
IPO Opens on	August 04, 2025
IPO Closes on	August 06, 2025
Issue Price	Rs. 54 Per Share
Issue Size	42.62 lakh shares – up to Rs. 23.01 crore
Lot Size	2000 Shares
Minimum Lot Size	4000 Shares
Listing on	BSE SME

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Ahmedabad (Gujarat) [India], August 2: HEC Infra Projects Limited (HEC, The Company), (NSE Code: HECPROJECT), one of the leading players in the infrastructure sector, specialising in extra high voltage transmission and distribution projects, have announced its Unaudited Financial Results for Q1 FY26.

Q1 FY2026 Key Standalone Financial Highlights

• Total Income of ₹ 27.91 Cr, YoY growth of 52.91%

• EBITDA of ₹ 2.61 Cr, YoY growth of 80.97%

• EBITDA Margin of 9.35%, YoY growth of 145 Bps

• Net Profit of ₹ 1.33 Cr, YoY growth of 59.37%

• Net Profit Margin of 4.77%, YoY growth of 19 Bps

• Diluted EPS (₹) of 1.26, YoY growth of 50.00%YoY growth of 50.00%

Commenting on the performance, Mr. Gaurang Shah, Managing Director of HEC Infra Projects Limited, said, “We are pleased to begin FY26 on a strong note, posting a 53% year-on-year growth in revenue and a 59% increase in net profit during the first quarter. Our expanding order book and timely execution reflect the strength of our diversified EPC capabilities across infrastructure sectors.

With seven new project wins worth over ₹55 Cr this quarter, we continue to build on our strong foundation and growing order pipeline. Our long-standing relationships with clients, built on trust, quality delivery, and technical excellence, continue to play a vital role in repeat business and new order inflows. Our ability to execute diverse, high-complexity projects across verticals is a key differentiator.

We remain strategically focused on delivering sustainable, quality-driven growth, leveraging our multi-domain expertise to address complex infrastructure needs. We are confident that this momentum will continue to propel HEC forward in the coming quarters.”

Key Operational Highlights

During the first quarter of FY26, HEC secured multiple prestigious orders across diverse sectors, further strengthening its position as a trusted EPC partner in the electrical infrastructure domain. The Company won seven new projects with a cumulative order value of approximately ₹55.77 Cr.

• MIS Brixo Industries awarded a ₹15.68 Cr contract for EPC electrical works related to plant electrification and 66 kV line shifting. The project is to be executed over a 12-month period.

• MIS Blue Pine Energy Pvt. Ltd. engaged HEC for a ₹9.62 Cr fast-track EPC project involving supply, installation, testing and commissioning of a 66 kV double circuit transmission line along with 12 km of underground cable. The project timeline is 3 months.

• Narmada Water Resources, Water Supply & Kalpsar Department entrusted HEC with a ₹3.03 Cr project for providing and installing a CCTV surveillance system, fire safety arrangements, access control, and communication systems at Ukai Dam, with an execution period of 12 months, including AMC.

• Engineering Projects (India) Ltd. awarded a ₹13.78 Cr project for the design, engineering, supply, erection, testing and commissioning of transformer bay extension for an existing 220 kV switchyard. The project is slated for completion within 12 months.

• Ahmedabad Municipal Corporation (Central Zone) placed an order worth ₹5.90 Cr for the supply, installation, testing and commissioning of street lighting poles and related electrical-mechanical works across various locations. The contract duration is 12 months.

• Ahmedabad Municipal Corporation (South Zone) awarded a ₹4.68 Cr project for augmentation of civil, electrical, mechanical and instrumentation works at the CTM Water Distribution Station. The project will be executed over a period of 10 months.

• Ahmedabad Municipal Corporation (West Zone) issued a ₹3.08 Cr contract for SITC of electrical, mechanical and instrumentation systems at Gitabaug and Niyojannagar water distribution stations, to be completed in 8 months.

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Bangalore (Karnataka) [India], August 1: Oben Electric, India’s leading homegrown R&D driven electric motorcycle manufacturer, is set to launch the next-generation Rorr EZ on 5^th August 2025. The enhanced model is designed to bring a bold new edge to city electric commuting, integrating advanced tech and redefined rider-centric features while staying true to the Rorr EZ’s commuter-first DNA and its core strengths of performance, reliability and practicality.

Since its launch in November 2024, the Rorr EZ emerged as one of the most preferred electric motorcycles for daily commuters. Purpose-built for city commuting, it offers effortless handling, striking design, and high-performance tech that directly addresses real-world traffic stressors, eliminating the need for clutch and gear shifting and reducing vibrations and heat. Rorr EZ delivers an IDC range of up to 175 km, fast charging to 80% starting from 45 minutes and reaches a top speed of 95 km/h, catering to a wide range of commuter preferences. With swift acceleration and class-leading torque, it seamlessly blends performance with everyday practicality and has carved a space for itself among city riders looking to switch to electric without compromise.

The upcoming model will continue to be powered by Oben’s proprietary high-performance LFP battery technology, known for 50% higher heat resistance and double the lifespan, delivering consistent reliability across India’s diverse riding conditions. With this robust foundation, the next-gen Rorr EZ enters a more evolved space, retaining its commuter-first appeal while introducing bold upgrades for riders seeking more from their daily electric ride. It underscores Oben Electric’s commitment to leading innovation in a segment that is rapidly redefining urban mobility.

Bookings for the new Rorr EZ will open on the day of launch, with deliveries scheduled to begin from 15^th August 2025.

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Faridabad (Haryana) [India], August 1:  In a remarkable step forward for the future of body contouring in India, Dr. Khushboo Jha, founder of One Skin Clinic by K, hosted the official launch of ARTIQA – a revolutionary body sculpting technology based on Thermal Shock – at the prestigious Taj, Surajkund.

The elegant afternoon affair welcomed 90 to 100 distinguished guests, including politicians, industrialists, builders, medical professionals, and wellness enthusiasts from across Delhi NCR. The event was a celebration of innovation, science, and aesthetics, offering attendees a first-hand look at the next generation of non-invasive body contouring.

The grand unveiling of ARTIQA was performed by Mr. Dhanesh Adlakha, MLA of Badkhal Assembly, who appreciated Dr. Jha’s commitment to bringing advanced global technologies to Faridabad. His words underscored the growing importance of cutting-edge aesthetic solutions in urban wellness ecosystems.

The occasion was further elevated by a ceremonial cake-cutting led by Mr. Pradeep Singh, Member of Parliament, who applauded the effort and vision behind introducing high-performance, patient-friendly innovations like ARTIQA to the Indian market.

Speaking at the event, Dr. Khushboo Jha expressed her pride and passion for pushing the boundaries of modern aesthetic care:

“ARTIQA is more than just a device-it’s a movement toward safe, effective, and truly transformative body contouring. At One Skin Clinic by K, our goal is to empower our patients with the best technology the world has to offer.”

The afternoon featured live demonstrations and expert discussions that allowed guests to understand the science behind ARTIQA – a device that uses alternating heat and cold to trigger Thermal Shock, enabling fat reduction, muscle toning, and skin rejuvenation without surgery or downtime.

Mr. Ashish Jha, Director of Photonence India Pvt. Ltd., the official distributor of ARTIQA in India, added:

“We’re thrilled to partner with clinics like One Skin to bring ARTIQA to India. This is the start of a new era in non-invasive body transformation – and we’re just getting started.”

With its launch, ARTIQA sets a bold new benchmark in body aesthetics, and this inaugural event stands as a shining testament to the synergy of science, technology, and visionary leadership.

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