Tag: Business

Mumbai (Maharashtra) [India], July 30: CashurDrive Marketing Limited (CashurDrive, The Company), is an outdoor media advertising company, proposes to open its Initial Public Offering on 31^st July, 2025 and aiming to raise ₹ 60.79 Crores (at the upper price band), with shares proposed to be listed on the NSE Emerge platform.

The issue size is 46,76,000 equity shares with a face value of ₹10 each with a price band of ₹ 123 – ₹ 130 per share.

Equity Share Allocation

• QIB Anchor Portion – Up To 13,22,000 Equity Shares
• Qualified Institutional Buyer – Up To 8,82,000 Equity Shares
• Non-Institutional Investors – Not less than 6,63,000 Equity Shares
• Retail Individual Investors – Not less than 15,50,000 Equity Shares
• Market Maker – 2,59,000 Equity Shares

The net proceeds from the IPO will be utilized for investment in technology, capital expenditure, funding the working capital requirement and general corporate purposes. The anchor portion will open on 30^th July, 2025 and issue will close on 04^th Aug, 2025.

The Book Running Lead Manager to the Issue is Narnolia Financial Services Limited, and the Registrar is Bigshare Services Private Limited.

Mr. Raghu Khanna, Managing Director of CashurDrive Marketing Limited expressed, ”

“Our journey began with a simple yet powerful idea — to transform everyday commutes into impactful advertising opportunities. From our roots in cab branding, we’ve evolved into a full-spectrum OOH media solutions provider, leading the charge in sustainable and tech-driven advertising. Today, with exclusive rights on over 1,000 electric buses we are leading sustainable media asset company and will be leading the new infrastructure growth in India through monetisation of advertising assets.

This IPO marks a significant milestone in our growth journey. The proceeds will enable us to invest in cutting-edge technology, expand our media asset base, and strengthen our operational capabilities across new geographies. More importantly, it empowers us to scale our ESG-compliant advertising model, helping brands engage audiences in ways that are both effective and environmentally responsible.”

Mr. Vipin Aggarwal, Director of Narnolia Financial Services Limited said, “The company represents a new generation of out-of-home media companies aligning with the future of sustainable urban mobility and advertising. The company stands out as one of the few players effectively blending sustainability, technology, and innovation in India’s outdoor advertising landscape. With exclusive rights across electric buses, EV charging stations, and strategic fleet partnerships, the company has built a strong foundation in the fast-evolving transit media segment.

Its consistent expansion across major cities and first-mover advantage in eco-friendly advertising assets position it well to capitalize on the growing demand for sustainable branding solutions. The IPO will provide the necessary growth capital to enhance its asset base, invest in technology, and strengthen its market presence.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mumbai (Maharashtra) [India], July 30: Ashapuri Gold Ornament Limited(BSE – 542579), one of India’s leading B2B jewellery manufacturers, reported its Unaudited financial result for Q1 FY26.

Q1 FY26 Key Financial Highlights:

• Total Income of ₹ 52.96 Cr, YoY growth of 18.72%
• EBITDA of ₹ 5.02 Cr, YoY growth of 34.04%
• EBITDA Margin of 9.48%, YoY growth of 108 Bps
• PAT of ₹ 3.17 Cr, YoY growth of 21.86%
• PAT (%) of 5.99%, YoY growth of 15 Bps
• EPS* of ₹ 0.10, YoY growth of 25.00%

Face Value of ₹ 1 each

Speaking on the financial performance, Mr. Jitendra Kumar Soni, Joint Managing Director of Ashapuri Gold Ornament Limited said, “We are pleased with our Q1 FY26 performance, which reflects the continued strength of our B2B model and disciplined execution. The 34% year-on-year growth in EBITDA and healthy improvement in margins underscore our operational resilience and growing brand preference among jewellery retailers.

The ₹11 Cr order secured at the Gem & Jewellery Show 2025 is a testament to our deep-rooted customer relationships and design capabilities. As we move forward, we remain focused on driving sustainable growth, deepening client partnerships, and enhancing value for all stakeholders.

Secures ₹11 Cr Order at Gem & Jewellery Show 2025

Received a prestigious order worth approximately ₹11 Cr from prominent national and regional jewellery retail chains, reinforcing Ashapuri Gold’s growing brand equity and strong demand for its curated collections.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Mumbai (Maharashtra) [India], July 30: FlySBS Aviation Limited (FlySBS, The Company), DGCA approved Non-Scheduled Airline Operator, provides private air charter services to elite clientele such as entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs, proposes to open its Initial Public Offering on Friday, 01st Aug, 2025 and aiming to raise ₹ 102.53 Crores (at upper price band), with shares to be listed on the NSE Emerge platform.

The issue size is 45,57,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 210 – ₹ 225 Per Share.

Equity Share Allocation

• QIB Anchor Portion – Up to 12,96,000 Equity Shares
• Qualified Institutional Buyer – Up to 8,65,800 Equity Shares
• Non-Institutional Investors – Not Less than 6,49,800 Equity Shares
• Individual Investors – Not Less than 15,15,600 Equity Shares
• Market Maker – 2,29,800 Equity Shares

The net proceeds from the IPO will be utilized for (i) funding capital expenditure towards acquisition of six pre-owned aircraft on a long-term dry lease basis, (ii) Repayment/prepayment, in full or part, certain outstanding borrowings availed by the Company; and (iii) general corporate purposes.

The anchor portion will open on 31st July, 2025 and issue will close on 05th August, 2025.

The Book Running Lead Manager to the Issue is Vivro Financial Services Private Limited, and the Registrar is MUFG Intime India Private Limited.

Mr. Capt. Deepak Parasuraman, Managing Director of FlySBS Aviation Limited expressed, “Our journey has been guided by a clear vision to enhance private air travel through efficient operations, reliable service, and operational flexibility. Over time, we have established a stable foundation based on an asset-light model, a capable fleet, and access to global routes.

This IPO represents a meaningful step in our growth. It will support our efforts to expand the fleet and extend our operational network. The proposed addition of aircraft through long-term dry lease arrangements, along with improved financial flexibility, will help us meet the increasing demand for efficient, time-sensitive air travel. We are committed to building on this progress in a structured and sustainable manner.”

Mr. Vivek Vaishnav, Director of Vivro Financial Services Private Limited said,

“We are proud to be associated with FlySBS Aviation on its IPO journey. The company operates in a niche yet fast-evolving segment of the aviation industry that is witnessing increased demand for non-scheduled and on-demand charter services, especially among corporates, HNIs and diplomatic circles. With growing global mobility, time-critical business needs and heightened preference for personalized air travel, the private aviation sector is projected for substantial growth. 

The company’s asset-light model, strategic fleet mix and compliance-driven operations provide it with a strong competitive edge. The planned fleet expansion through long-term dry lease arrangements is well-aligned with industry trends that favour operational flexibility and capital efficiency. We believe this IPO will strategically position the company to deepen its market presence, enhance operational capabilities, and capture a greater share of the expanding luxury and business aviation space.”

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Darjeeling (West Bengal) [India], July 29: Nestled in the heart of the scenic Rangli Rangliot Tea Estate in Darjeeling, FORESTEA HOMESTAYS offers a blissful escape for travellers seeking peace, comfort, and natural beauty. This charming boutique resort is surrounded by lush tea gardens, rolling hills, and the fresh mountain breeze, making it an ideal getaway for families, friends, couples, and corporate retreats.

Located just 2 hours from Siliguri and only 1 hour from Darjeeling town, FORESTEA HOMESTAYS strikes the perfect balance between accessibility and tranquillity.

The property boasts 6 beautifully designed rooms, each offering panoramic views of the tea gardens. Guests can enjoy a stroll through the estate, unwind in the well-maintained garden area, or relax in the lobby or the glass house, specially designed to take in the enchanting tea garden vistas. A games area ensures entertainment for all ages, and a swimming pool is also set to be inaugurated soon, adding yet another layer of leisure for guests.

Whether you’re planning a weekend holiday, a get-together with friends, a family vacation, or even a small corporate meeting or retreat, FORESTEA HOMESTAYS provides the ideal setting for relaxation and rejuvenation.

Expanding the Experience: ORANGE VILLA by FORESTEA

Adding to its offerings, the FORESTEA group also operates another magnificent property—ORANGE VILLA BY FORESTEA, located at Bara Mangwa, just 1 hour away from FORESTEA HOMESTAYS, 2.5 hours from Siliguri, and 1 hour from Darjeeling.

True to its name, this property is situated within a vibrant orange orchard and features 8 spacious view rooms equipped with modern amenities. A swimming pool, peaceful natural surroundings, and a warm hospitality experience make ORANGE VILLA a perfect destination for those looking to bask in nature with premium comfort.

Together, these two properties under the FORESTEA brand offer a seamless blend of nature, luxury, and comfort—positioning themselves among the most serene and soul-refreshing holiday destinations in the Darjeeling region.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mumbai (Maharashtra) [India], July 29: The Bombay Stock Exchange (BSE) has approved the Draft Red Herring Prospectus of Infraprime Logistics Technologies Limited for IPO. The company is going public through an IPO to meet the expenses related to the security deposit for the finance lease of trucks (“Vehicles”) and ancillary equipment (“Trailers”), building up the technology infrastructure to support and expand the existing business operations, Meet Working Capital Requirements and cover general corporate purposes related to the Initial Public Offer. The company has plan to issue fresh Issue up to 39,66,400 equity shares, each with a face value of ₹10, in the forthcoming IPO.   

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Mas Services Limited will serve as the Registrar to the Issue.

About Infraprime Logistics Technologies Limited:

Infraprime Logistics Technologies Limited (Infraprime, The Company) is a technology-driven logistics solutions provider focused on heavy-duty transport with a strong emphasis on integrating electric vehicles into logistics operations. Catering to industries such as infrastructure, construction, steel, cement, and mining, the company offers end-to-end transportation solutions to streamline supply chain operations efficiently. Operating on an asset-light model.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Balotra (Rajasthan) [India], July 29: In a remarkable stride toward inclusive healthcare delivery, Konica Minolta Business Solutions India Private Limited has extended its flagship CSR initiative, Project Aarogya, to four rural health centres in Rajasthan’s Balotra district. Through the installation of advanced Health ATM machines at PHC Jagsa, PHC Indrana, PHC Kankrala, and CHC Sindhari, the initiative is now transforming the way primary healthcare is accessed in underserved communities.

With over 50 diagnostic tests now available—including blood pressure, ECG, haemoglobin, blood sugar, HBa1C, lipid profile, and vision testing—rural citizens can receive real-time health insights within 10–15 minutes. Test reports are delivered both as printed copies and directly to patients’ WhatsApp numbers, enabling fast, reliable, and tech-enabled healthcare at the grassroots.

The initiative, implemented in collaboration with Manav Vikas Sanstha, reflects Konica Minolta’s deep commitment to bridging India’s healthcare divide through sustainable and scalable innovation. Speaking about the impact, Mr. Katsuhisa Asari, Managing Director of Konica Minolta Business Solutions India Pvt. Ltd., noted that “Aarogya’s initiative with Health ATM machines underscores Konica Minolta’s global commitment to healthcare equity. By extending essential diagnostic services to underserved regions, we’re nurturing sustainable health infrastructure worldwide. This initiative reflects our belief in global solidarity for a healthier planet. Furthermore, at Konica Minolta, we recognize the urgent need for healthcare advancements in India’s rural areas. Through Project Aarogya, we’re committed to bridging this healthcare gap by providing advanced high-precision Health ATM machines, ensuring critical diagnostic services reach those most in need.”

Adding to this, Ms. Ayushi Jain, Head – Sustainability Promotion Department at Konica Minolta, emphasized that “At Konica Minolta, sustainability isn’t a department—it’s a responsibility. This project reflects our belief that technology must be harnessed to address social inequities, and healthcare is one of the most pressing needs in India’s rural landscape.”

As the implementation partner, Manav Vikas Sanstha ensured effective on-ground execution, including training local healthcare staff to operate and maintain the machines. Mr. Akul Vashishtha, Executive Director of MVS India, remarked, “Konica Minolta’s leadership and clarity of vision have been pivotal in making this project a reality. Together, we’ve not only deployed machines—we’ve delivered dignity, access, and hope to communities that have long been underserved.”

The inauguration ceremony witnessed the presence of senior officials including Dr. Narendra Saxena, Joint Secretary – Rajasthan Health Department, and Dr. Vakaram Chodhari, CMHO Balotra, who praised the initiative as a meaningful leap toward democratizing healthcare access in rural regions.

To ensure long-term effectiveness, healthcare staff at the respective centres have been trained to operate the machines and assist patients, thus embedding the technology into the existing public health system.

Under the same initiative, Health ATM machines will also soon be installed in Bathinda, Punjab, further expanding the reach of quality diagnostics and early-stage preventive care to northern India.

Local communities and health officials have lauded the effort, praising its ability to save time, reduce healthcare costs, and provide early diagnosis. With Project Aarogya, Konica Minolta has not only set a precedent in healthcare-focused CSR, but has also reshaped rural healthcare through innovation, accessibility, and inclusive partnerships.

For More Information: https://bt.konicaminolta.in/about-us/sustainability/corporate-social-responsibility/

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Gandhinagar (Gujarat) [India], July 29: Baheti Recycling Industries Limited (NSE: BAHETI), a leading player in aluminium recycling and manufacturing of aluminium alloys and de-ox alloys, has finalised plans to set up a 1.2 MW captive solar plant in Gujarat. The Rs. 3.51 crore investment marks a major stride in the company’s commitment to sustainability and ESG (Environmental, Social, and Governance) excellence.

The solar PV project is projected to reduce energy costs by 60%, translating into annual savings of approximately Rs. 1.25 crore. Beyond financial benefits, the initiative is set to significantly cut the company’s carbon footprint.

Commenting on the project, Shankerlal Shah, Chairman, Baheti Recycling Industries Ltd, said, “The solar PV plant is a strategic step towards enhancing our operational efficiency. Along with financial benefits, the project also aligns with our ESG practices. We are continuously exploring opportunities that align with our long-term vision for sustainable growth.”

The move complements a series of strategic upgrades and expansions by Baheti Recycling. The company received the International Automotive Task Force (IATF) certification in June 2025, enabling direct supply to Tier-1 automotive manufacturers, unlocking significant opportunities in domestic and export markets.

The company has scaled its proposed installed capacity to 34,000 MTPA, with an investment of Rs. 10 crore per combination of Tilting Rotary Furnace (TRF) and Skelner furnace systems. It has expanded its presence into South India and Europe, adding major automotive clients such as Ashley Alteams, Uno Minda, Samvardhana Motherson, and Caparo India. Moreover, the strategic entry into Zinc Alloys and Aluminium Billets is expected to pave the way for sustainable margins across more than 10 industrial applications beyond traditional aluminium recycling.

Baheti Recycling Industries is a leader in scrap processing and recycling in India and has a presence in 12 states and union territories. The company also caters to clients in Japan, Canada, the US, China, Hong Kong, the UAE, Taiwan, etc.

About Baheti Recycling Industries Limited:

Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company, primarily engaged in processing aluminium-based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys, which take the shape of cubes, ingots, shots & notch bars. Its recycled products have end-user applications in various industries such as Auto Ancillary, Automobile, Electrical Components, Die-Casting, Steel, Conductors and more.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.