Tag: Business

New Delhi [India], May 26: Starting from now, Indian travellers to Moscow can obtain the Tourist Card at the new travel and banking office of Sber, the largest Russian bank, located in the city center, not far from the Red Square — on Bolshaya Dmitrovka Street.

The new travel and banking office of Sber combines the capabilities of Sber’s banking office and a Tourist Information Center, which is multifunctional space for guests of the capital where tourists can get essential information for their visit to Moscow. Right here travelers can pick up the plastic Tourist card, make necessary payments, currency exchanges and transfers. Consultations are possible in several languages — the Tourist Information Center specialists speak Russian, English and Arabic, while the Sber bank employees speak Russian and English.

At new space tourists can also create an individual travel plan based on their personal preferences and take free booklets with information about the city. The booklets are also provided in several languages — Russian, English, Chinese and Arabic. The travel and banking Sber office provides a lounge area where tourists can rest, try traditional Moscow treats, taste some selections from The Moscow Tea Shop. While adults are planning their itinerary, kids can play in the children’s zone that was created jointly with the animation studio “Soyuzmultfilm”, which gave the world legendary Soviet cartoons.

The Tourist Card operates with Russian MIR payment system and it is a new payment solution that helps foreign visitors make cashless payments, as VISA and Mastercard do not work in Russia. The Tourist Card is compatible with local merchants, public transport, and attractions. With no monthly maintenance fees, it’s a cost-effective choice for tourists, allowing seamless payments for dining, transportation, and more. More information on how to pay in the capital can be found on the Discover Moscow, the official tourist portal (https://discover.moscow/en).

Travelers can register for a Yoomoney profile and obtain a virtual Tourist Card before leaving their home country. The process requires only a phone number — no Russian SIM card is needed—making it accessible for international visitors. It is also possible to order the card in advance and have it delivered by mail to their home country or a hotel, though a physical card isn’t always necessary, as most places in Moscow allow payments using QR codes through the YooMoney app. Android users can add the card to Yoomoney Pay in the mobile app and pay by tapping their phone via NFC. For iOS users, payments can be made by scanning QR codes through the app — a widely accepted method across the country. Once in Moscow, the card can be topped up with cash at ATMs that support Yoomoney, providing a straightforward way to add funds using local currency.

This initiative comes at a time when Moscow has witnessed a substantial influx of foreign guests.  For example, nearly 86,000 tourists visited Moscow from India in 2024, representing a 1.4-fold increase compared to 2023. This significant uptick in international arrivals underscores the city’s evolving status as a premier global travel destination.

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New Delhi [India], May 27:  Easy Boba, India’s most popular bubble tea chain, launched India’s first-ever Boba Tower Challenge, inviting fans to push their limits with a 3.5-litre boba beverage and a specially crafted ‘Boba Thali’-all within just 15 minutes.

A delicious new benchmark in bubble tea experiences This revolutionary experience goes beyond the mundane experience of tea-drinking, combining excitement with taste. Contestants have two beverage bases to pick from: water-based teas at Rs. 1,500 and milk-based teas at Rs. 1,800. Contestants who get through the challenge are rewarded with a full refund, a Rs. 1,000 cash reward, and an elite ‘Boba Smasher’ T-shirt. Their success is also proudly displayed on Easy Boba’s official Boba Tower leaderboard.

“The concept of the Boba Tower Challenge was to defy traditional bubble tea structures and develop something different and exciting,” explained Adnan Sarkar, Founder of Easy Boba. “It’s not about finishing the Boba Tower—it’s about community, energy, and a shared passion for this beloved drink.”

Sharing the Fun: Beyond the solo thrill of the challenge, Easy Boba has also introduced a more relaxed variation with its ‘sharing tower’—a 3.5-litre Boba Tower meant for groups of friends or families. Priced the same as the individual version, the sharing tower offers roughly 10–12 servings, making it an attractive, cost-effective choice for social outings or casual gatherings. This offer is available only in select outlets.

Keeping Up-to-Speed with Changing Consumer Trends

Boba Tower Challenge is but one of the newest trends among urban consumers seeking interactive and customized food and beverage experiences. Easy Boba, with more than 20 stores in Mumbai, Pune, and Gujarat, has led the charge with dairy-free, plant-based, and low-calorie options. The range of diversity to different sizes and innovations has attracted a broad base of consumers, and it has become a go-to destination among tea lovers across the country.

A Dream of Future Possibilities: Adnan Sarkar’s dream for Easy Boba is not just to provide beverages. It is to revolutionize the drink culture in India by opening authentic bubble tea experiences that appeal to local taste but with global benchmarks of quality. This commitment is evident in the actions of the brand to relentlessly push the boundaries of innovation and engagement with its consumers.

Embracing the Spirit of Change

The Boba Tower Challenge is the best proof of how Easy Boba seeks to make it memorable. The brand continues to take the bubble tea culture in India to new limits by integrating new concepts, affordability, and a deep sense of belonging.

For more information, visit Easy Boba’s official website.

Pune (Maharashtra) [India], May 27: Apex Ecotech Limited, one of the leading providers of integrated water and wastewater treatment solutions, announced its Audited Financial Results for H2 FY25 & FY25.

Key Financial Highlights

H2 FY25

Revenue: ₹4,925.44 Lakhs 

EBITDA: ₹897.78 Lakhs 

EBITDA Margin: 18.23%

PAT: ₹700.83 Lakhs

PAT Margin: 14.23%

EPS: ₹6.31

FY25 (Full Year)

Revenue: ₹7,095.53 Lakhs 

EBITDA: ₹1,105.67 Lakhs

PAT: ₹856.08 Lakhs 

PAT Margin: 12.07%

EPS: ₹7.91

Strategic & Operational Highlights

• Technological Edge: Successfully deployed advanced systems such as Electrocoagulation, Membrane Bioreactors (MBR), Mechanical Vapor Recompression (MVR), and Electrodialysis Reversal (EDR) to treat complex effluents across sectors.
• Turnkey Project Expertise: Delivered integrated Zero Liquid Discharge (ZLD) systems, effluent treatment plants (ETPs), and sewage treatment plants (STPs) across 14+ industries.
• Global Recognition: Recipient of the ‘Global Ecological Transformation Award’ in China from Veolia Water Technologies & MBR Champions Award from Suez Water Technologies.
• Growing International Presence: Expanded footprint beyond India to Bangladesh, Vietnam, and other strategic regions.
• In-House Strength: Backed by skilled professionals and a leadership team with over 120 years of cumulative experience.

Reflecting on the company’s achievements in H2 FY25 & FY25, Mr. Anuj Dosajh, Chairman & Managing Director of Apex Ecotech Limited, “FY25 has been a landmark year for Apex Ecotech Limited, marked by sustained revenue growth, operational excellence, with cutting-edge Zero Liquid Discharge and water recycling systems. Our in-house engineering strength, combined with advanced technologies, has positioned us to meet India’s and the world’s growing water sustainability challenges.

In H2 FY25, Apex Ecotech Limited delivered exceptional growth compared to H1 FY25, with revenue from core operations surging 126.97% to ₹4,925.44 lakhs. The company’s EBITDA increased by 331.85% to ₹897.78 lakhs, with the EBITDA margin expanding significantly to 18.23%, reflecting improved operational efficiency. Profit after tax also rose 351.42% to ₹700.83 lakhs, with the PAT margin strengthening to 14.23%.

For the full year FY25, revenue from operations grew 33.67% year-on-year to ₹7,095.53 lakhs. The company’s EBITDA climbed 24.50% to ₹1,105.67 lakhs, while profit after tax increased 29.11% to ₹856.08 lakhs, underscoring our focus on operational efficiency, innovation, and consistent value creation.

The Company had a robust order book of over approx ₹119 crores in Financial Year 2024-25  and execution of 250+ turnkey water and wastewater projects till date which affirms our industry leadership and trusted client relationships. We remain committed to delivering efficient, low-carbon-footprint that enable industrial clients to conserve water, reduce discharge, and meet stringent environmental compliance. 

We aim to further capitalize on the global momentum toward environmental compliance and water reuse. By partnering with leading global OEMs like Veolia and DuPont, and leveraging a proven execution model, the company is well-positioned to scale its operations and enhance its impact on sustainable water management.”

About Apex Ecotech Limited

Apex Ecotech Limited, an ISO 9001:2015 certified company, is one of the leading providers of comprehensive engineering solutions in the water and wastewater treatment sector. Backed by a team of seasoned professionals, the company specializes in turnkey projects involving water and effluent treatment plants, membrane recycling systems, evaporators, and Zero Liquid Discharge (ZLD) technologies tailored for diverse industrial applications.

With a strong focus on sustainability, Apex Ecotech Limited is committed to delivering energy-efficient, low-carbon-footprint solutions that address pressing global challenges such as water scarcity. The company leverages innovative practices in water recycling, reuse, and conservation to promote responsible resource management.

Beyond its technological capabilities, Apex Ecotech Limited partners closely with industries and communities to develop customized solutions that elevate water stewardship practices. Through its integrated approach, the company is contributing to a future where water is managed wisely and sustainably for the environment and for future generations.

Apex Ecotech Limited was successfully listed on NSE Emerge on December 04, 2024.

In H2 FY25, Apex Ecotech Limited reported a Revenue of ₹4,925.44 Lakhs, an EBITDA of ₹897.78 Lakhs, and a PAT of ₹700.83 Lakhs.

In FY25, Apex Ecotech Limited Reported a Revenue of ₹7,095.53 Lakhs, with an EBITDA of ₹ 1,105.67 Lakhs and a PAT of ₹856.08 Lakhs.

Disclaimer

Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For Further Information Please Contact Corporate Communication Advisor

AKMIL Strategic Advisors Private Limited

Mr. Milind Apte – Director

milind@akmiladvisors.com

+91 98209 41925

www.akmiladvisors.com

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Mumbai (Maharashtra) [India], May 27:  Sattva Sukun Lifecare Limited, a leading manufacturer of aroma and home décor products, has announced a Rights Issue of up to 48 crore equity shares for cash at a price of ₹1.00 per Rights Equity Share, aggregating to ₹48 crores. This strategic move is aimed at strengthening the company’s capital base and supporting its next phase of expansion.

The Rights Issue is being made to the eligible equity shareholders in the ratio of 5 Rights Equity Shares for every 2 fully paid-up equity shares held on the Record Date of 9th May 2025. The issue will remain open for a period of 30 days, starting 28th May 2025 and closing on 26th June 2025. Notably, the Issue Closing Date will not be subject to extension.

In alignment with SEBI regulations, all rights entitlements and allotments will be processed only in dematerialized form. Fractional entitlements will be ignored as per regulatory guidelines. However, eligible shareholders whose fractional entitlements are ignored may receive preferential consideration for allotment of one additional share if they apply for shares beyond their entitlement, subject to availability.

Key Highlights of the Rights Issue:

• Issue of up to 48 crore equity shares at ₹1.00 each on a rights basis
• Rights ratio: 5 Rights Equity Shares for every 2 fully paid-up Equity Shares held
• Issue opens on 28th May 2025 and closes on 26th June 2025

 Mr. Mit T Brahmbhatt, Managing Director of Sattva Sukun Lifecare Limited, commented: “This Rights Issue marks a pivotal step in our growth journey. The proceeds will enable us to scale operations, enhance product innovation, and strengthen our market footprint. Our strong financial performance over the past year underscores our commitment to value creation and long-term business sustainability.”

The Rights Entitlements credited to demat accounts may be renounced either partially or in full through the stock exchange mechanism or via off-market transfers. The last date for market-based renunciation is Friday, 20th June 2025.

This capital infusion comes at a time when the company is witnessing a robust financial performance. For the fourth quarter of FY25, the net profit surged by 74.8% to ₹84.22 lakhs, while the revenue from operations rose by 6% to ₹105.16 lakhs. On a full-year basis, the company delivered an even more impressive performance, with the net profit more than doubling-registering a 109.1% increase to ₹248.94 lakhs.

Additionally, the revenue from operations for the 12 months grew significantly by 48.1%, reaching ₹526.30 lakhs. These results underscore the company’s strong operational momentum and its growing presence in the aroma and home décor industry.

This consistent growth in profitability and revenue is a testament to the company’s operational efficiency and growing market acceptance of its product portfolio. The Rights Issue reflects the company’s vision to deepen investor participation while ensuring robust financial footing to seize future opportunities in the consumer lifestyle and wellness space.

 About Sattva Sukun Lifecare Limited:

Sattva Sukun Lifecare Limited is a manufacturer of premium aroma and home decor products, specializing in Aroma Diffusers, lass & Wooden Diffusers, Dhoop Burners (Bakhoor Dani), Essential Oils, Camphor Products, Decorative Lamps, and more. With a strong presence in both corporate and retail sectors, the company ensures quality and innovation in every product. Its extensive online presence on platforms like JioMart, Amazon, Flipkart, Meesho, Snapdeal, and IndiaMART makes its products easily accessible to customers nationwide. The company has an excellent track record and experience and is committed to innovation and quality, driving growth and customer satisfaction across its diverse business operations.

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New Delhi, May 27, 2025: Oriental Trimex Ltd (BSE – 532817, NSE – ORIENTALTL),  a leading processor and trader of natural stones in India, has successfully transformed its business operations, as reflected in the financial results for Q4 and FY25, ended March 2025. The company reported a net profit of Rs 5.97 crore for Q4, compared to a loss of Rs 6.43 crore in the same period last year. Revenue from operations during Q4 FY25 surged over fourfold to Rs 16.66 crore, compared to Rs 3.01 crore in Q4 FY24, marking a year-over-year increase of 453%.

Company secures 30-Year Lease for Black Granite Mining in Odisha by the Government of Odisha’s Steel & Mines Department; Anticipates an annual revenue contribution of ₹10 crore to ₹15 crore from this mining site.

Highlights:

• Company anticipates an annual revenue contribution in the range of Rs 10 crore to Rs 15 crore from the black granite mining site; The lease, officially awarded on May 21, 2025, covers 4.961 hectares in village of Potteru, under Motu Tehsil of Malkangiri District.
• Reinforcing its growth strategy in building material sector, company has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in premium ‘Rare Earth’ vitrified tiles.
• The company successfully completed a rights issue worth Rs 48.51 crore in September 2024. 
• After repaying Rs 39.55 crore to Edelweiss, the company is nearing a debt-free status

For the fiscal year 2024-25, the company reported a net profit of Rs 8.53 crore, in contrast to a net loss of Rs 6.48 crore in FY23-24. Revenue from operations rose by 476% to Rs 21.02 crore in FY25, compared to Rs 3.64 crore in FY24.

The company has secured a 30-year lease for black granite mining in Odisha from the Government of Odisha’s Steel and Mines Department. Oriental Trimex anticipates an annual revenue contribution of ₹10 crore to ₹15 crore from this mining site. The lease, officially awarded on May 21, 2025, encompasses 4.961 hectares in the village of Potteru, under Motu Tehsil of Malkangiri District. Operations are set to commence soon, contributing to improved resource ownership, cost efficiency, and comprehensive value chain integration—from quarrying to distribution. This long-term asset strengthens Oriental Trimex’s foundation for sustainable growth and profit stability, reinforcing its position as a leading player in the natural stone and building materials industry.

To support its growth strategy in the building materials sector, the company has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in premium ‘Rare Earth’ vitrified tiles. Strategically located near the upcoming Jewar Airport and Aerotropolis, this facility has been operational since April 2025. Its aim is to meet the rising demand for high-quality marble-look tiles at competitive prices. Launched just fifteen months after the first showroom, this expansion is based on substantial market research and reflects the company’s focus on tapping into North India’s booming real estate market.

The company successfully completed a rights issue worth Rs 48.51 crore in September 2024. These funds have been utilized for setting up additional machinery to cut marble blocks into finished goods at its factory in Tamil Nadu, meeting working capital requirements, developing the quarry for ‘JET BLACK’ granite in Odisha, settling earlier outstanding repayments, and covering general corporate expenditures.

Founded in 1996, Oriental Trimex Limited introduced premium Italian and other marbles to the Indian market. Its fully integrated marble processing plant in the Gumdipoondi industrial area of SIPCOT has a capacity of 25,200 MT and is equipped with advanced machinery, including gang saws, robotic resin lines, and automatic polishers—all imported. The company imports rough marble blocks from Europe and the Middle East while also sourcing materials domestically. 

Oriental Trimex Limited (OTL) has launched a series of strategic initiatives to enhance operations, expand its market presence, and reinforce financial stability:

• A key technological advancement is the installation of India’s first wire-based gang saw machine, developed by Gaspari Mennotti, an Italian leader in machinery manufacturing.
• The company is diversifying its portfolio to include low-cost Indian granites, porcelain tiles, nano stones from China, and marble-designed quartz, targeting Tier 2 and Tier 3 cities.
• After repaying Rs 39.55 crore to Edelweiss, the company is nearing a debt-free status, enhancing its credibility and long-term sustainability.

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Faridabad (Haryana) [India], May 27: In tandem with growing preferences of luxury living Adore Group is launching a ultra luxury project: The Select Premia” in sec 76, Faridabad. Spread across 5.47 acres of land with 190 exclusive 4BHK+ servant apartments, the project will be the pioneers of curated luxury lifestyle in Faridabad. The company is planning to invest around INR 800 crores for development of this project. 

The Group has bought this 5.47 acres of land parcel from Haryana Shahari Vikas Pradhikaran (HSVP) in the year 2023 in an auction. The company has cleared all the dues, and this is fully paid up land parcel.

Commenting on the launch of the project, Jetaish Gupta from, Adore Group said that, “Faridabad is at an interesting juncture of growth and evolution. The economy is thriving backed by a surge in IT and manufacturing industry. The number of well-heeled are expanding in the city comprising family business scion, self-made entrepreneurs and corporate c-suites. With The Select Premia, our new coveted project, we want to give them a unique lifestyle within Faridabad itself”.

The project is located in Sector 76, which is bustling locality in the region, dotted with swanky commercial towers, retail projects, business parks, townships, etc. It enjoys excellent connectivity via metro lines and roadways. It is directly linked to Faridabad Bypass Road, which seamlessly connects it to Delhi and Noida region. 

NCR’s skyline is transforming with a slew of spellbinding high-rise apartments decked with top tier facilities. While NCR always had a visible appetite for premium living, it was the year 2021, which marked a watershed moment. Post pandemic, people are now readily willing to pay a premium to own spacious apartments and access curated amenities. 

Interestingly, the juggernaut is not just limited to the millennial city Gurugram or the posh localities of South Delhi. Markets like Faridabad, which a decade back was mostly a mid-income industrial backyard of Delhi, are also part of the wave. A tapestry of excellent connectivity, rising industrial footprint and improved liveability index, Faridabad can be the next big frontier of premium living in northern India. 

Starting in 2015, Adore is a well-known name in NCR’s real estate industry. Hitherto, it has working on more than 20 projects with a cumulative area of over 10 million sq. ft.

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New Delhi [India], May 26: Haryana based pharmaceutical and cosmetic products manufacturer, Astonea Labs Ltd is planning to raise Rs. 37.67 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on May 27 and closes on May 29. Oneview Corporate Advisors Private Limited is the lead manager of the issue.

Company plans to issue 27.90 lakh Equity shares of Rs. 10 face value at a price band of Rs. 128- Rs. 135 per share; Shares to list on BSE SME

Highlights:-

• Fresh Public issue of Rs. 37.67 crore opens for subscription from May 27 to May 29
• Minimum lot size for application is 1000 shares; Minimum IPO application amount at the higher side of this issue is Rs. 1.35 lakh
• Funds raised through the issue will be used for Expenses, Business & Capacity Expansion, Advertising & Marketing, Investment in procuring hardware and software and Funding Capital Expenditure
• For FY23-24 company reported revenue of Rs. 80.29 crore and Net Profit of Rs. 3.81 crore
• As on 31 March 2024, ROE at 37.86%, ROCE at 22.95% and RoNW at 31.83%.
• Oneview Corporate Advisors Private Limited is the lead manager of the issue.

The initial public offering of Rs. 37.67 crore comprises of a fresh issue of 27.90 lakh equity shares of face value Rs. 10 each with a price band of Rs. 128 to Rs. 135 per share. Out of the fresh issue of Rs. 37.67 crore, company plans to utilize Rs. 1.29 crore towards funding of expenses proposed to be incurred towards registration in Bolivia, South America while Rs. 5.2 crore will be used towards purchase and installation of plant and machineries for ointment production for the purpose of export in accordance with the international standards and protocols. Company also plans to utilize Rs 4.95 crore for advertising, marketing and brand building, Rs. 68 lakh for investment in procuring hardware and software and Rs. 19.75 crore for working capital requirements. Minimum lot size for the application is 1000 shares which translates in to minimum investment of Rs. 1.35 lakh per application on higher side of issue. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Incorporated in 2017, Astonea Labs Ltd. is engaged in contract manufacturing of pharmaceutical and cosmetic products for companies both within India and internationally. The company manufactures and markets a variety of pharmaceutical and cosmetic products, including antibiotics, anti-cold medicines, antihistamines, and treatments for diabetes, heart, gynecological issues, infections, and more.

The company offers skin, tooth, and hair care products in forms like gels, creams, and serums, and also trades packaging and raw materials for pharmaceutical and cosmetic industries, meeting industry standards. The company engages in contract manufacturing of pharmaceutical and cosmetic products, markets its own brands “Glow Up” and “Regero,” plans to launch “Avicel,” and exports to countries like Iraq and Yemen.

For FY23-24 ended March 2024, the company reported revenue of ₹80.29 crores in 2024 against ₹67.26 crore in 2023. The company reported profit of ₹3.81 crores in 2024 against profit of ₹0.67 crores in 2023, with a healthy EBITA margin of 14.60% and PAT margin of 4.75%. For the nine months ended December 2024, company reported total revenue of Rs. 69.55 crore and Net Profit of Rs. 4.10 crore. As on 31st March 2024, ROE of the company was at 37.86%, ROCE at 22.95% and RONW at 31.83%.

IPO Highlights- Astonea Labs Ltd
IPO Opens on	Ma 27, 2025
IPO Closes on	May 29, 2025
Issue Price Band	Rs. 128- Rs 135 Per Share
Issue Size	27.90 lakh shares – up to Rs. 37.67 crore
Lot Size	1000 Shares
Listing on	BSE SME Platform

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