Tag: Business

Chennai (Tamil Nadu) [India], June 28: SEPC Limited today announced that it has achieved successful closure of Rights Issue of 74,35,19,173 (Seventy Four Crores Thirty-Five Lakhs Nineteen Thousands One Hundred & Seventy-Three ) Partly paid-up Equity Shares aggregating to ₹ 350 Cr. having issue price of ₹ 10/- per Equity Share (including a share premium of ₹ nil per share) (the “issue price”) on a rights basis to the eligible equity shareholders of our Company closed successfully on June 23, 2025. The Payment Schedule for the issue is as follows:

Amount Payable per Rights Equity Share i.e. Issue Price	Face value (₹)	Premium (₹)	Total
On Application	5.00	Nil	5.00
On First and Call (as determined by our Board in consultation with Rights Issue Committee)	5.00	Nil	5.00

The Rights issue was oversubscribed by 2.12 times.

SEPC Limited, is one of the leading EPC player in Water and Municipal Services, Roads, Industrial, and Mining sectors, announced today the successful closure of the issue of 74,35,19,173 (Seventy-Four Crores Thirty-Five Lakhs Nineteen Thousand One Hundred & Seventy-Three) partly paid−up Equity Shares (including a share premium of ₹ nil per share) (the “issue price”) on rights basis to the eligible equity shareholders (the “Rights Issue”) which was launched on June 09, 2025.

The issue resulted into subscription of 74,35,19,173 shares resulting into oversubscription by 2.12 times. The issue period was from June 09, 2025, to June 23, 2025. The issue size was 35,00,00,000 (Thirty-Five Crores) partly paid-up Equity Shares aggregating to Rs. 350 Cr. having issue price of Rs. 10/- per Equity Share (including a share premium of ₹ nil per share) (the “issue price”) on a rights basis to its eligible equity shareholders in the ratio of 11 (Eleven) Rights Equity Share for every 50 (Fifty) fully paid-up Equity Shares held as on record date i.e. May 23, 2025. The payment schedule for this issue being partly paid up will be 50% i.e. ₹ 5/- (per share) payable with the Application and balance 50% will be payable on First and Final call.

The funds raised via rights issue will be used in the manner described in the Letter of Offer dated May 22, 2025., i.e.

• Funding for Payment of Non-Convertible Debentures including redemption and interest.
• Repayment/Pre-payment, in full or part, of certain borrowings availed by the Company.
  • Funding for increasing the additional Margin of Non- Fund Based Limits.
  • To augment the existing and incremental working capital requirement of our Company.
  • General Corporate Purpose

The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27th June, 2025 and Tuesday, July 08, 2025 respectively.

Commenting on the success of the Rights Issue, Shri Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said, “I express my sincere thanks to our dear and esteemed shareholders for participating in this Rights Issue and making it a new and proud landmark in the history of India’s capital market.

Our shareholders have always been our biggest source of strength. Our decades-old relationship based on trust has consistently spurred us to achieve more. We are delighted and humbled by their extraordinary show of confidence in the future of SEPC.

Intermediaries for this rights issue:

• Sumedha Fiscal Services Limited − Lead Manager to the Issue,
• Cameo Corporate Services Limited – Registrar to the Issue
• T&S Law − Legal Advisor to the Company,
• Axis Bank Limited − Banker to the Issue.

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Dover, Delaware/Pune (Maharashtra) [India], June 28: WANotifier, an all-in-one WhatsApp marketing SaaS platform built on the official WhatsApp API, announced today that it has joined the TinySeed EMEA Fall 2024 accelerator batch. The funding will be used to further develop its product and expand market reach to help small businesses effectively expand their reach and automate customer interactions on WhatsApp.

Founded in 2022, WANotifier helps businesses streamline marketing, customer engagement, and automation through WhatsApp, one of the fastest-growing communication channels for businesses globally. As an official Meta Tech Partner, WANotifier offers a unique approach with 0% API markup and flexible onboarding options; businesses can either use a managed embedded signup flow or configure the API directly with their own credentials.

“We had applied to TinySeed earlier as well but got in this time, and I couldn’t be happier,” said Ram Shengale, Founder of WANotifier. “I’ve always admired TinySeed’s mostly bootstrapped mindset toward building sustainable SaaS businesses. Being the only Indian company in this batch makes it even more special. The TinySeed network and mentors are extremely knowledgeable and friendly; you can ask highly specific questions and get actionable advice. That’s one of the best parts of being part of this fund.”

The company plans to use the funding primarily for product development and marketing. “We’re behind a few of our competitors in terms of features, so our first goal is to build a strong development team and reach feature parity,” Shengale added. “At the same time, we’ll focus on penetrating key market segments. Our philosophy is simple: help businesses market at scale on WhatsApp without adding to the inherent complexity of the API. Many providers build clunky, hard-to-use software; we’re committed to delivering a clean, user-friendly experience for marketers and business owners.”

WANotifier currently serves thousands of businesses across various industries, with notable customers including BITS Pilani, Iskcon, Dog Home Foundation, Bvlgari Casablanca, Mega Events (UK), and others. Having completed most core features recently, the team is now accelerating marketing efforts to reach new markets.

About WANotifier
WANotifier Inc. is an all-in-one WhatsApp marketing SaaS tool for businesses, built on top of the official WhatsApp API. It helps businesses automate marketing, customer engagement, and transactional messaging on WhatsApp with an easy-to-use platform and flexible onboarding options. WANotifier is an official Meta Tech Partner. The company is headquartered in Dover, Delaware (USA), with its India team based in Pune, Maharashtra.

About TinySeed
TinySeed is a remote accelerator and early-stage investment fund that helps SaaS founders grow profitable, sustainable businesses. The Fall 2024 EMEA batch supports founders across Europe, the Middle East, and Asia.

Media Contact:
Ram Shengale
Founder, WANotifier Inc.
Email: contact@wanotifier.com
Website: https://wanotifier.com

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Mumbai (Maharashtra) [India], June 27: In a city known for its ever-changing foodscape, Camy Wafers has remained a constant favourite since opening its doors in 1985. What began as a small shop selling hand-cut wafers has today become a household name across Mumbai. Camy’s offerings have grown with time, from their signature potato wafers in flavours like classic salted, masala, and cream & onion, to an entire range of snacks including sev, cubes, sticks, and other crispy delights. Yet, what truly sets Camy apart is its consistency, in supreme taste, texture, and the trust it has built over four decades.

In 2005, the family behind Camy ventured into the world of desserts with the launch of Celejor, a premium cake brand that quickly earned recognition for its elegant creations and celebratory charm. From birthday favourites and anniversary centrepieces to festive collections and made-to-order masterpieces, Celejor’s cakes are crafted to suit every occasion and palate. The brand is known not just for its attention to detail and flavour, but also for its ability to bring joy to both everyday moments and milestone events.

Together, Camy and Celejor tell a story of evolution grounded in quality. Whether it’s the crunch of a well-seasoned wafer or the sweetness of a beautifully frosted cake, both brands continue to deliver experiences that are familiar, festive, and always flavourful.

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New Delhi [India], June 27: Dubai attracts more than just tourists; it draws people with ideas and the drive to build something of their own. Business setup in Dubai is straightforward, thanks to its modern systems, supportive rules, and global connections. Whether you’re setting up something small or planning something bigger, Dubai gives yopu the space and structure to grow. In the sections ahead, you’ll get a simple look at why Dubai works so well for business and how you can take the first few steps.

Why Dubai Stands Out for Business?

Here are the key reasons why business setup in Dubai is a great choice:

A Natural Gateway to Global Markets

Dubai is directly at the crossroads of three continents. Its location offers the company an advantage in matters of international business, transportation, and movement. The place alone is the beginning of endless possibilities; there are fast deliveries as well as cross-border access.

Favourable Environment for Entrepreneurs

Business setup in Dubai isn’t held back by unnecessary red tape. Many sectors now allow full foreign ownership. That means you’re in control, from your capital to your strategy, without needing a local partner in most cases.

Choice of Business Zones That Suit Your Vision

Dubai offers different ways to register your business. You can go for a Mainland setup, which gives you the freedom to operate across the UAE. Free Zones are great if you want tax perks and prefer industry-specific hubs. Offshore structures work well for those who don’t need a physical office but want to manage international operations.

A Clean, Transparent Tax System

Corporate taxes remain low. Free Zones, in particular, offer tax relief for several years, depending on the nature of your work. Even with new tax regulations, the rules are clear and manageable when appropriately structured.

How to Start a Business in Dubai

Let’s understand the simple process of business setup in Dubai:

Step One – Lay Out the Basics

First, know what you want to do. Decide on your business activity, your preferred company structure, and how many people will be involved. Clarity at this stage saves time later.

Step Two – Pick the Right Location Type

Next, decide where you want to register. If your business needs to serve the local market, go with the Mainland. If you’re focused on exports or digital services, Free Zones often make more sense. Offshore is good if you don’t plan to have a physical presence.

Step Three – Apply for Your License

The type of trade license depends on your activity. The paperwork may vary, but you’ll usually need identity documents, your business plan, and proof of your intended structure. This is where careful preparation helps avoid delays.

Step Four – Handle Visas and Identification

Once your company is approved, you’ll need to apply for a residence visa and an Emirates ID. If you’re bringing in employees or family members, the same applies to them. Each step requires specific documents, but it’s straightforward once you begin.

Step Five – Open a Business Bank Account

Without a corporate bank account, operations become difficult. There are local and international banks that you can use, yet you must satisfy their paperwork and regulatory requirements. It is worth selecting a bank which suits your financial demands and prospects.

Conclusion: A City That Works for Your Business

Opening a business in Dubai is much more than getting the paperwork straight. It is about putting yourself in a place that contributes positively towards your development. It is rare to find such a combination of freedom, reach and favourable regulations.

When you consider that the ability to build with transparency and conviction on the first day is the key, the presence of the right professionals by your side can define your path. That’s where DhanGuard comes in. From business registration to tax structuring and ongoing support, their team makes the process easier and quicker so you can concentrate on what truly matters: your business.

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New Delhi [India], June 27: AVG Logistics Limited (BSE – 543910, NSE – AVG), a leading multimodal logistics solutions provider, is pleased to announce the successful inauguration of its Electric Vehicles (EVs) into operations at Tata Steel on June 23, 2025. This strategic initiative underscores AVG Logistics’ commitment to sustainable and environmentally responsible logistics solutions. 

The launch event, held at Tata Steel’s premises, marks a significant step in reducing carbon emissions and promoting eco-friendly transportation within the industrial logistics sector. The newly introduced electric fleet will be utilized for intra-plant and short-haul deliveries, contributing to Tata Steel’s and AVG’s shared vision for a greener future. 

With this launch, AVG Logistics continues to lead by example, driving transformation in logistics through digitalization, sustainability, and a customer-centric approach. We are proud to be the first movers in India to introduce 55-ton high-capacity electric trucks launched by TATA Motors in the year 2025 into commercial operations of AVG. It exemplifies our commitment to green mobility, innovation, and long-term carbon neutrality. The deployment of high-payload electric vehicles is also expected to contribute to boosting the company’s revenue by expanding service capabilities, improving operational efficiency, and aligning with the growing demand for green supply chain solutions across key industries.

Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited, said, “This milestone reinforces our pledge to sustainability and reliability; by deploying electric vehicles in collaboration with an esteemed partner like Tata Steel, we strive to set a benchmark for green logistics in India. This is just the beginning of a long-term vision where clean energy and efficient transportation go hand-in-hand.” 

 The introduction of EVs not only strengthens AVG Logistics’ commitment to innovation and responsible business practices but also sets the tone for an industry-wide shift towards greener supply chain solutions.

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Mumbai (Maharashtra) [India], June 27: Established in May 2016, Silky Overseas Limited manufactures bedding essentials, specialising in blankets, bed sheets, and comforters. The company’s manufacturing process encompasses knitting, dyeing, processing, printing, and packaging all under one roof. The company is poised for its initial public offering (IPO), with plans to raise ₹ 30.68 crores through the issuance of 19.06 lakh new shares.

For its SME IPO, Silky Overseas Limited has established a price band of ₹ 153 to ₹ 161 per share. The company’s shares will open for subscription on June 30, 2025 and closes on July02, 2025. These will be listed on the NSE Emerge, with a projected listing date of Monday, July 07, 2025.

Gretex Corporate Services Limited is the book-running lead manager of the Silky Overseas IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Silky Overseas IPO is Gretex Share Broking Private Limited.

The issue proceeds will be utilized in Setting up of Additional Storage Facility, Pre-payment of Certain Debt Facilities, to meet working capital requirements and general corporate purposes.

Thursday, July 3, 2025, the shares for the Silky Overseas IPO are anticipated to be allotted, and on Friday, July 4, 2025, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

Retail investors need to contribute a minimum of ₹ 1,28,800 considering the minimum lot size for an application is 800 shares. For HNIs, the minimum bidding size is two lots, or 1600 shares, for a total investment of ₹ 2,57,600 at the upper price band.

Silky Overseas Solutions Limited’s Total Revenue ₹70.26 Crores, EBITDA ₹11.01 Crores and PAT ₹5.53 Crores for the financial year ending with March 31, 2024. And the total revenue was recorded at ₹105.35 Crores, EBITDA ₹15.08 Crores and PAT was ₹9.17 Crores as on 31st January 2025.

The company sell its products under the brand name Rian Decor. Silky Overseas Limited operates manufacturing facilities in Gohana, Haryana, and produces textile products such as mink blankets, bed sheets, and comforters. Silky Overseas Limited offers a wide range of textile products, catering to domestic and international markets.

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New Delhi [India], June 26: Marc Loire Fashions Limited, a fast-growing player in India’s women’s footwear market, has announced its Initial Public Offering (IPO) to raise ₹21 crore. The issue opens for subscription on June 30, 2025, and closes on July 2, 2025. The shares will be listed on the BSE SME platform.

The public offering comprises 21 lakh equity shares at a fixed price of ₹100 per share. Proceeds from the IPO will be used to:

•Open 15 new Exclusive Brand Outlets (EBOs)

•Upgrade retail infrastructure

•Meet working capital requirements

•Address general corporate purposes

Founded in 2014, Marc Loire has evolved into a fashion-forward brand offering over 800 SKUs, spanning categories such as heels, sneakers, boots, and ethnic footwear. The company was converted into a public limited entity in 2024.

Financial Highlights

The company has demonstrated strong top-line and bottom-line growth:

•Revenue (₹ crore): FY23 – 37.44 | FY24 – 40.40 | FY25 – 42.46

•PAT Margin (%): FY23 – 1.75% | FY24 – 10.09% | FY25 – 11.08%

•Return on Net Worth (RONW): 43.75%

•EBITDA margins: On an improving trajectory

Post-issue, the company’s net worth is expected to increase from ₹10.75 crore to ₹31.75 crore. The IPO is priced at a P/E multiple of 10.63x, suggesting a reasonably valued entry for investors.

Distribution Strategy

Marc Loire operates through a robust omnichannel model, combining Direct-to-Consumer (D2C) online sales with Business-to-Business (B2B) retail partnerships and Shop-in-Shop (SiS) formats. The company maintains relationships with over 40 vendors to ensure supply chain efficiency and product quality.

Market Opportunity

India’s ₹55,000 crore footwear industry is growing at a CAGR of 15%. With women’s footwear representing an increasing share of this market, Marc Loire is well-positioned to tap into the demand for affordable, trend-driven designs.

Promoters & Management

The leadership team includes:

•Arvind Kamboj – Managing Director & Chairman

•Shaina Malhotra – Whole-Time Director

•Atul Malhotra – Non-Executive Director

Each brings more than a decade of domain expertise in the fashion and footwear sectors.

IPO Details at a Glance:

•Issue Size: ₹21 crore

•Issue Price: ₹100 per share

•Lot Size: To be announced

•Subscription Period: June 30 – July 2, 2025

•Listing Exchange: BSE SME

For investors seeking exposure to a growing consumer brand with strong financials and expansion potential, Marc Loire Fashions offers a compelling opportunity to participate in the next phase of India’s retail fashion growth story.

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