Tag: Business

New Delhi [India], July 24: Modern interiors need to do more than just look good—they must work smarter, adapt faster, and offer flexibility without compromising style. Responding to these needs there is a call for clean lines, and clutter-free aesthetics and aluminium profile shelving systems are leading the way in achieving just that. Designed to maximize space without compromising on style, these systems bring a refined, minimalist appeal to any living area.

Hafele’s latest innovation, the Alustro Flexible Shelving System, is crafted from high-quality aluminium and finished in an elegant Anodised Brushed Black. It perfectly embodies this balance of form and function. Engineered for flexibility and visual impact, Alustro is easy to install and effortlessly adapts to a variety of interior needs. Whether you want to create walk-in wardrobe, or a stylish vanity mirror setup, Alustro makes it possible.

Alustro shelving system blends minimalist design with robust functionality. It’s not just a shelving system; it’s an architectural element that transforms kitchens, living rooms, vanity areas, wardrobes, and even open-plan spaces with sleek floor-to-ceiling configurations or floating wall-mounted designs.

What makes this system truly versatile is its compatibility with multiple shelf materials including wood, glass, or aluminium, offering a wealth of customisation options to suit your interior theme. Alustro can also be enhanced with 5mm LED strip lighting, turning each installation into both a functional and decorative element. Its open, panel-free construction, delivering airy elegance doesn’t overwhelm the space. It has modern shelving that lets your personality, and your interiors shine through.

But it’s not all about looks, Alustro supports up to 60 kg per section, making it as strong as it is stylish. The easy-to-connect components and tool-light installation process mean you can go from concept to completion in no time.

Log onto https://www.hafeleindia.com/en/info/service/contact-us/410/ to find the nearest

Hafele showroom or design centre.

Customer Care Toll Free: 1800 266 6667

Customer Care WhatsApp: +91 97691 11122

Customer Care Email ID:customercare@hafeleindia.com

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

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 24: Eco Recycling Limited (BSE: ECORECO), India’s pioneering and leading professional e-waste management company, announced two significant leadership developments that reinforce its strategic positioning and global integration.

CMD B. K. Soni Joins SERI’s Global Advisory Panel

Ecoreco is proud to announce that Mr. B. K. Soni, Chairman & Managing Director, has been appointed to the Technical Advisory Committee (TAC) of Sustainable Electronics Recycling International (SERI)—the esteemed global body that oversees the R2 Certification, one of the world’s leading standards for responsible recycling of electronic waste.

This prestigious appointment reflects the international recognition of Mr. Soni’s pioneering role in the Indian e-waste management industry. With over two decades of leadership at the helm of Ecoreco, Mr. Soni has been a driving force in building a compliant, transparent, and technology-led recycling ecosystem in India. Under his leadership, Ecoreco became one of the first companies in India to achieve R2v3 Certification and is also a proud member of TERRA, reinforcing its commitment to global best practices.

Beyond corporate leadership, Mr. Soni is also an influential voice in shaping industry standards and public policy. He serves as a Director on the Board of the Material Recycling Association of India (MRAI) and is actively involved in advocacy efforts that promote circular economy principles, informal sector integration, and environmental sustainability.His inclusion in SERI’s Technical Advisory Committee will allow India’s on-ground insights and challenges to be represented at a global level. 

It also opens a channel for Ecoreco to influence and align with evolving global norms, technologies, and compliance frameworks—thereby further enhancing its leadership in sustainable electronics recycling.

Dr. Sandip Chatterjee Appointed as Independent Director

Ecoreco is also delighted to announce the appointment of Dr. Sandip Chatterjee as an Independent Director, effective July 19, 2025. Dr. Chatterjee is a globally respected expert in e-waste policy, circular electronics, and sustainability innovation. With a distinguished career spanning 35+ years, including senior roles at the Ministry of Electronics and Information Technology (MeitY), he has played a key role in shaping India’s national e-waste strategies. He is also an academic contributor, author, and advisor to international platforms including NITI Aayog and SERI-USA.

Other Key Highlights

• Set up 22+ Centres of Excellence in emerging tech like e-waste, graphene, and 3D printing.
• Authored global reference books on e-waste and circular economy.
• Taught e-waste policy and sustainability at IIT Hyderabad and IIT Mandi.
• Received the President’s Award in 2013 for innovation in e-waste management.
• Led integration of informal recyclers into formal systems through training and technology.
• Proposed the Recycling Linked Incentive (RLI) scheme to promote responsible recycling.

Commenting on the recent development, Mr. B K Soni, Chairman & Managing Director of Eco Recycling Limited said, “It is an honour to be invited to join the Technical Advisory Committee of SERI. This opportunity not only acknowledges the work Ecoreco has done in the field of responsible e-waste recycling but also provides a global platform to share India’s evolving best practices with the world. Over the years, we have worked relentlessly to bring structure, compliance, and innovation to India’s electronics recycling ecosystem. Being part of SERI’s advisory body allows me to contribute to shaping international standards that promote environmental responsibility and ethical recycling.

As the industry moves toward a more circular and inclusive economy, it becomes essential for global frameworks to integrate ground-level realities from emerging economies like India. I look forward to contributing insights from India’s unique journey—where informal sector integration, digital traceability, and EPR are reshaping the landscape. 

We are also pleased to welcome Dr. Sandip Chatterjee to the Board of Eco Recycling. His deep expertise in e-waste policy and sustainable innovation will be invaluable as we strengthen our governance and expand our strategic vision. At Ecoreco, we remain committed to setting benchmarks that are not only operationally sound but also globally respected.”

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.

Jodhpur (Rajasthan) [India], July 24: Krishna’s Herbal & Ayurveda proudly announces that Yasmin Karachiwala, India’s most celebrated celebrity fitness trainer, has recommended SHE CARE Juice as a trusted Ayurvedic solution to support women’s hormonal balance and overall wellness.

In a recently shared video on her official Instagram account, Yasmin highlights the importance of natural, plant-based solutions in today’s wellness routines. She calls SHE CARE Juice a powerful daily addition for women seeking to naturally manage hormonal imbalances.

“As someone passionate about holistic health, I believe in natural solutions. SHE CARE Juice by Krishna’s Ayurveda is a great blend of herbs that helps support women’s hormonal health and balance,” says Yasmin.

SHE CARE Juice is an Ayurvedic formulation enriched with Shatavari, Ashoka, Lodhra, and other time-tested herbs, specifically designed to promote menstrual health, hormonal balance, and emotional well-being in women of all ages.

Krishna’s Herbal & Ayurveda reinforces its mission to bring the wisdom of Ayurveda to modern women seeking a healthier, more balanced life.

For more details, visit www.krishnaayurved.com or follow us on Instagram.

Shrawan daga
Founder;
Krishna’s Herbal & Ayurveda

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 23: Repono Limited (The Company, Repono) is a specializes in providing comprehensive 360-degree warehousing and liquid terminal solutions, proposes to open its Initial Public Offering on Monday, July 28, 2025, aiming to raise ₹ 26.68 Crore (At Upper Price Band), with shares to be listed on the BSE SMEplatform.

The issue size is 27,79,200 equity shares at a face value of ₹10 each, with a price band of ₹91 – ₹96 per share.

Equity Share Allocation

• QIB Anchor Portion – 7,92,000 Equity Shares
• Qualified Institutional Buyer – 5,28,000 Equity Shares
• Non-Institutional Investors – 3,96,000 Equity Shares
• Retail Individual Investors – 9,24,000 Equity Shares
• Market Maker – 1,39,200 Equity Shares

The net proceeds from the IPO will be utilised for capital expenditures, including the purchase of forklifts, hand pallet trolleys, reach stackers, and the setup of warehouse racking systems, as well as the development of warehouse management software, working capital requirements, and general corporate purposes. The anchor portion will open on Friday, July 25, 2025, and issue will close on Monday, July 30, 2025.

The Book Running Lead Manager to the Issue is Wealth Mine Networks Private Limited. The Registrar to the Issue is Cameo Corporate Services Limited.

Mr. Dibyendu Deepak, Managing Director of Repono Limited, expressed, “The launch of our IPO is a significant milestone in the company’s journey. Over the years, we have built a strong foundation in India’s oil and petrochemical logistics space by consistently delivering reliable, safe, and efficient services. From managing high-volume liquid terminals to providing integrated warehousing and operations and maintenance (O&M) solutions, our focus has always been on quality, compliance, and customer satisfaction.

This IPO represents more than just a capital raise — it is an opportunity to accelerate our growth, enhance operational capabilities, and deepen our presence in key markets. It will enable us to invest in advanced infrastructure, strengthen our technology backbone, and pursue strategic opportunities with greater agility.

We are delighted about this next phase and remain committed to creating long-term value for our investors, clients, and partners. With a clear vision, experienced team, and strong industry relationships, we look forward to shaping a more connected and efficient logistics future.”

CA Shashank Doshi, Chairman of Wealth Mine Networks Private Limited, said, “We are pleased to be associated with Repono Limited as they take a significant step forward with the launch of their Initial Public Offering. Repono has established itself as a specialised service provider in India’s oil and petrochemical logistics space, offering integrated warehousing, terminal management, and O&M solutions.

India’s oil and petrochemical logistics sector is poised for strong, long-term growth, driven by rising industrial demand, increasing infrastructure investments, and a shift toward more organized, tech-enabled supply chains. The company is well-positioned to capitalize on these trends. This IPO will support the company’s long-term vision, enabling it to scale operations, enhance service capabilities, and further strengthen its position in this evolving and opportunity-rich industry.”

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 24: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading coated steel manufacturers and exporters. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, has reported its Unaudited financials for Q1 FY26.

Q1 FY26 Consolidated Key Financial Highlights

• Total Income of ₹ 253.94 Cr, YoY growth of 29.97%

• EBITDA of ₹ 28.62 Cr, YoY growth of 93.36%

• EBITDA Margin of 11.27%, YoY growth of 370 Bps

• Net Profit of ₹ 14.01 Cr, YoY growth of 369.70%

• Net Profit Margin of 5.52%, YoY growth of 399 Bps

• EPS of ₹ 1.42, YoY growth of 253.86%

Q1 FY26 Standalone Key Financial Highlights

• Total Income of ₹ 253.89 Cr, YoY growth of 29.96%

• EBITDA of ₹ 28.62 Cr, YoY growth of 93.74%

• EBITDA Margin of 11.27%, YoY growth of 371 Bps

• Net Profit of ₹ 14.10 Cr, YoY growth of 363.16%

• Net Profit Margin of 5.55%, YoY growth of 399 Bps

• EPS of ₹ 1.43, YoY growth of 247.75%

Other Key Consolidated Highlights for Q1 FY26

• EBITDA stood at ₹28.62 Cr, marking a 93.36% YoY increase

• Profit Before Tax rose by 364.43% YoY to ₹18.70 Cr

• Profit After Tax grew by 369.70% YoY to ₹14.01Cr

• Earnings Per Share improved by 253.86% YoY, reaching ₹1.42

• Total sales volume increase by 18.69% YoY reaching 29248 MT

• Exports contributed ₹ 141.83 Cr, which is 56.78% of the total revenue, whereas domestic revenue contributed ₹ 107.95 Cr, which is 43.22% of the total revenue.

• The production of Galvanized steel increased by 12.51% YoY in Q1 FY26.

• The production of Pre – Painted steel coils grew by 14.66 % YoY in Q1 FY26.

Commenting on the performance Mr. Karan Agrawal, Whole Time Director, Manaksia Coated Metals & Industries Limited said, “FY26 has commenced on a strong note, marked by the sustained momentum we’ve built through Q1 FY26. This performance is a testament to the strength of our business fundamentals—anchored in operational efficiency, strategic direction, and the rising demand for high-quality steel solutions in domestic as well as international markets. We’ve registered strong growth across key financial and operational parameters, powered by sharper execution and a continued focus on customer needs.

At our Kutch, Gujarat facility, we achieved robust capacity utilisation—85% on the continuous galvanising line and a full 100% on the colour coating line. These figures underscore the efficiency of our operations and the precision in our execution.

Our export segment recorded a strong upswing in sales over the previous year, reflecting the growing global demand for our offerings. As we move into Q2 FY26, we have a solid order book in place—₹ 337 Cr from exports and ₹ 113 Cr from domestic markets. These orders are backed by enduring customer relationships, aligning with our strategic shift away from spot business to a more stable, relationship-driven model.

Looking ahead, we are advancing steadily on our strategic roadmap. Initiatives such as the upgradation of our galvanising line to Alu-Zinc, the planned 7.0 MWp captive solar power plant, and the addition of a second colour coating line will enhance our product range, improve cost efficiency, and bolster our long-term competitiveness.

The recent capital raise has strengthened our balance sheet, significantly lowering debt and interest costs, which will support future profitability and investments. We remain focused on disciplined execution, customer-centric innovation, and sustainable growth as we move into the next phase of our journey.”

Q1 FY26 Key Business Highlights

Warrant Conversion and Equity Allotment

• Total Warrants Converted:

o 1,36,65,000 warrants converted at ₹18 per share

o 1,15,17,500 warrants converted at ₹65 per share

• Allottee Category: Promoters & Non-Promoters

• Post-Conversion Paid-up Capital: ₹10.47 Cr (As on 30th June 2025)

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.

New Delhi [India], July 23: Kaytex Fabrics Ltd, a digital textile printing company engaged in the manufacturing of fabrics, ready-to-stitch garments and accessories, is planning to raise up to Rs. 69.81 crore from its SME public offer. The company has received approval to launch its public offer on SME Platform of National Stock Exchange – NSE EMERGE. The public offer opens for subscription on July 29, 2025 and closes on July 31, 2025. Socradamus Capital Private Limited is the book running lead manager of the offer.

The offer aims to raise funds for multiple objectives. Rs 2.56 crores will be utilized towards funding capital expenditure for construction of additional warehouse facility in Amritsar. Rs. 3.73 crores will be utilized for construction of dedicated sales office in Amritsar. Rs 5.01 crores will be directed towards purchase of advanced fabric processing system for the existing printing, dyeing and processing unit in Amritsar and Rs. 30 crores will be used to meet working capital requirements. The remaining proceeds will be used for general corporate purposes and issue expenses.

Highlights:-

• Public offer opens on July 29 and closes on July 31 2025
• For FY25 company reported revenue from operations of Rs. 152.79 crore and Net Profit of Rs. 16.90 crore
• Socradamus Capital Private Limited is the book running lead manager of the issue.

The initial public offering of up to 38,78,400 equity shares of face value Rs. 10 each comprises a fresh issue of up to 31,99,200 equity shares and an offer for sale of up to 6,79,200 equity shares by the promoters Sanjeev Kandhari and Amit Kandhari. Company has finalized price band of Rs. 171 – Rs. 180 per equity share for the public issue. The lot size is 800 Equity shares. Minimum lot size for individual bidders is 1,600 Equity shares and for non-institutional bidders is 2,400 Equity shares. The number of equity shares will increase from 1,15,00,000 before the offer to up to 1,46,99,200 after the IPO. Post-IPO, the Promoters will hold 73.61% of the equity, while the public will hold 26.39%.

Incorporated in January 1996, Kaytex Fabrics Limited is a fast-fashion fabric solutions and manufacturing company that combines technology, design, and traditional craftsmanship to deliver textile and fashion products. The company specializes in creating fabrics from diverse fibres like cotton, viscose, modal, acrylic, nylon, linen and polyester.

The company acts as a brand enabler for other apparel brands, has its own brands “Rasiya”, “Kaytex”, and “Darbaar-e-Khaas” and supplies under the non-branded segment as well. This approach supports the ability to meet the varied and changing requirements of the textile and fashion industries and enables the company to focus on serving a wide customer base.

Business Highlights:-

The company’s revenue from operations for Fiscal 2025 & Fiscal 2024, respectively, was Rs. 152.79 crores & Rs. 124.94 crores. For FY25, EBITDA was registered at Rs 30.06 crores as compared to EBITDA of Rs 22.43 crores reported in FY24. EBITDA margin for Fiscal 2025 & Fiscal 2024 was 19.68% & 17.95% respectively. Profit after tax for FY25 was Rs 16.90 crore, whereas for FY24 the company reported Rs 11.31 crore profit after tax. PAT margin for FY25 was 11.06% whereas for FY24 PAT margin was registered at 9.05%.

IPO Highlights – Kaytex Fabrics Limited

IPO Opens on                          – July 29, 2025

IPO Closes on                          -July 31, 2025

Offer Price Band                     -Rs. 171- 180 Per Share

Offer Size (No of Shares)      -Up to 38,78,400 Equity Shares

Fresh Issue (No of Shares)   -Up to 31,99,200 Equity Shares

Offer for Sale (No of Shares)-Up to 6,79,200 Equity Shares

Offer Size (Rs. Cr)                  -Rs. 69.81 crore (At Rs. 180 per share)

Listing on                                 -NSE EMERGE

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 23: Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013) one of India’s leading structured real estate credit fund managers, has announced an investment of ₹115 Cr. through its Real Estate Special Opportunities Fund-I (RESO-I) in Kumar Vibe Properties Pvt Ltd (KVPPL). KVPPL is a 50:50 joint venture between Kumar Properties and Infrastructure, led by Mr. Hitesh Jain, and Vibe Realty, led by Mr. Gopal Sarda.

The portfolio comprises a luxury residential project in Khar West(Mumbai), an upscale mixed-use project in Goregaon West (Mumbai), and a premium housing project in NIBM (Pune). The Khar and Goregaon projects are society redevelopment initiatives being undertaken under Regulation 33(7)(B) of the DCPR 2034, while the Pune project is being developed under the Unified DCPR applicable in Maharashtra (outside Mumbai). The collective topline for the three projects is over ₹ 1100 Cr., with a focus on established and emerging urban zones.

The Mumbai projects together have a development potential of ~1.6 lakh square feet of carpet area, and a revenue potential of ~ ₹ 400 cr. The NIBM (Pune) project is spread across 8 acres, and offers ~ 7.5 lac square feet of carpet area, featuring over 750 residential units and an expected sales value exceeding ~ ₹ 700 cr.

Strategic Significance of Redevelopment

Supported by DCPR 2034 incentives and faster approval timelines, society redevelopment is emerging as the most scalable and sustainable model for inner-city regeneration. This model aligns well with RESO-I’s investment philosophy of backing de-risked, cashflow-positive, and execution-ready real estate opportunities in key micro markets.

About the Fund – RESO-I

RESO-I, managed by Nisus BCD Advisors LLP, is a ₹ 1700 Cr. SEBI-registered AIF focused on structured credit in special situation real estate. The fund specifically targets:

• Projects with established cashflows

• Strong asset cover

• Short exit timelines

These investments will help accelerate project execution and provide funding to credible developers. The fund is structured to deliver superior risk-adjusted returns while supporting the development of high-quality urban housing.

Broader Context and Outlook

This investment underscores RESO-I’s strategic focus on urban redevelopment-driven housing that ensures downside protection, unlocks value, and enables faster execution. While Mumbai’s redevelopment model addresses the demand for modern housing in land-starved central locations, Pune’s NIBM corridor continues to see strong mid-income demand, reaffirming the growth potential in both markets. Major infrastructure projects in Mumbai and Pune are set to redefine urban dynamics. The upcoming Mumbai Coastal Road is poised to be a game changer for both residential and commercial real estate in the western suburbs, significantly improving connectivity and deepening integration with South Mumbai. In parallel, Pune’s recently announced metro expansion — linking Lohegaon Airport with the fast-growing southern suburbs of NIBM and Undri — promises to revolutionize urban mobility and enhance accessibility to the city centre.

Commenting on the Development, Mr. Avadhoot Sarwate, CIO, Nisus Finance Services Co Limited, said, “This investment is anchored in our belief that urban redevelopment is the future of India’s residential real estate. Earlier this year, we successfully exited a self-redevelopment transaction at a 21% IRR, which reaffirmed our conviction in this model. Kumar Vibe brings together a rare combination of redevelopment expertise, high-governance clean structures, and prime-located projects. We are pleased to support this platform and help unlock value for customers and stakeholders alike.”

Gopal Sarda, Founder & CEO, Vibe Realty, commented, “Vibe Realty was founded on the vision of building an agile, transparent, and new age product-led organization. We are excited to welcome Nisus Finance as a strategic funding partner for the ongoing projects. This partnership is a testament to our strong fundamentals, clear vision, and ability to execute high-value projects that redefine luxury and comfort. With this funding, we are not just securing financial closure but also setting the stage for transformative developments that will shape the future of our positioning in these marquee markets. With a robust portfolio already underway, we are well positioned to scale responsibly.”

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.