Tag: Business

Ahmedabad (Gujarat) [India], May 19: Praveg Limited proudly announces the grand opening of Praveg Resort Kachigam, an extraordinary eco-luxury destination nestled across four scenic islands in Kachigam, Daman. Designed as a tranquil escape that merges nature, celebration, and comfort, the resort is poised to become a preferred choice for leisure travelers, destination weddings, and corporate events.

Set around a serene lake and surrounded by lush greenery, Praveg Resort Kachigam offers a unique island retreat experience across 89,500 square meters. The resort boasts 50 sustainable, elegantly appointed luxury cottages along with state-of-the-art facilities that cater to diverse guest needs – from relaxation to recreation and grand festivities.

Key Highlights & Amenities

• Lakefront Setting: Enchanting natural surroundings across four connected islands
• Luxury Accommodation: 50 eco-conscious, spacious cottages blending comfort and sustainability
• Children’s Play Area, Gym & Swimming Pool: Designed for family fun and wellness
• Restaurant & Bar: Multi-cuisine offerings with lakeside views and crafted cocktails
• Spa & Wellness Center: An oasis of rejuvenation in nature’s lap
• Club Martini’z & Dance Floor: A vibrant party zone with a pergola and bar for celebrations
• Banquet Hall & Open Lawns: Versatile spaces for weddings, receptions, and events

A Destination Wedding Paradise

At the heart of Praveg Resort Kachigam is its wedding and event infrastructure. The property features an elegant open lawn and a scenic amphitheatre with a custom-designed wedding stage, capacity for 150–200 guests, and dedicated changing rooms for the bride and groom. These venues offer a perfect blend of intimacy and grandeur amidst a natural backdrop, making it an idyllic setting for unforgettable moments.

Dr. Vishnukumar Patel, Chairman of Praveg Limited, expressed his enthusiasm, stating, “With Praveg Resort Kachigam, we are redefining the destination wedding and luxury travel landscape in Daman. Our vision is to offer guests not just a stay, but an immersive experience that celebrates nature, elegance, and joyful living.”

This new addition raises Praveg’s total room capacity in Daman to 118 rooms, alongside its existing Lighthouse Beach Resort and Jampore Resort. The resort is now accepting bookings and is open to guests from across the country and beyond, seeking luxury, serenity, or celebration.

In line with its growth strategy, Praveg Limited is also expanding its operational portfolio, with the addition of Praveg Resort Kachigam marking the company’s 17th property. This milestone reflects Praveg’s commitment to delivering unique, eco-conscious experiences in destinations of cultural and ecological importance.

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Mumbai (Maharashtra) [India], May 19: Rs.48.17 crore Right Issue of Growington Ventures India Limited (BSE – 539222) promoted by CA Vikram Bajaj and engaged in the business of supply chain from import of Fresh Fruits and distribution to corporate in hospitality and E-commerce is open for subscription till June 12, 2025. The rights issue was opened for subscription on May 14, 2025. The right issue of the company is attractively priced at Rs . 1 per share as compared to a closing price of Rs. 1.68 per share on 16 May 2025. The Rights Issue will close on June 12, 2025.

Investors may also buy Growington Ventures Rights Entitlements (BSE – 750979) from BSEto participate / subscribe in the company’s right issue at Rs. 1. The last date for On-market Renunciation of Rights Entitlements is till June 6, 2025.

The Rights entitlement ratio for the issue is fixed at 3:1 (3 Rights equity shares for every 1 equity share held by shareholders on the record date – April 29, 2025). The Company will issue 48,16,61,820 fully paid-up Equity Shares at a price of face value of Rs. 1 each.

Highlights:-

• Share in Right issue attractively priced at Rs. 1 per share as compared to the current market price of Rs. 1.68 per share on 16 May 2025
• Last Date for On-Market Renunciation is June 06, 2025
• The company recorded a Net Profit of Rs. 380 lakh for Q2FY25, which doubled from Rs. 134 lakh Net Profit in Q2FY24

Out of the issue proceeds of Rs. 48.16 crore from the rights issue, Rs. 36.95 crore will be utilised to augment the existing and incremental working capital requirement of our company and Rs. 10.46 crore towards general corporate purposes.

For the FY24 ended March 2024, company reported net profit rise of 40% to Rs. 1.76 crore as compared to the net profit of Rs. 1.26 crore in the corresponding period of FY23. Revenue of the company during FY24 was reported at Rs. 30.34 crore, rise of 55% as compared to revenue of Rs. 19.63 crore in FY23.

Growington Ventures Ltd is engaged in the business of supply chain from the import of Fresh Fruits and distribution to corporations in hospitality and E-commerce. The Company is professional managed with the vision to serves the fresh fruits in pan Indian market by sourcing of fruits from farms in Vietnam, South Africa, Greece, Chile etc We significantly bargain in wide portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, Kiwi, Dragon Fruit, etc.

The company’s USP is to source fresh fruits from the farm with quality checks to international standard packaging and a quick logistics facility to deliver the finest quality fruits to valued customers. The company has developed the goodwill and brand for quality fruits. The Company has established a brand named “GROWFARMIO”

Rights Issue– Growington Ventures India Ltd
Right Issue Opens on	May 14, 2025
Right Issue Closes on	June 14, 2025
Issue Price	Rs. 1 Per Share
Issue Size (No of Shares)	48,16,61,820 Equity Shares
Issue Size (Amount)	Rs. 48.17 crore
Right Issue Entitlement	3:1 (3 Rights equity shares for every 1 equity share)
Last Date for On-Market Renunciation	June 06, 2025
Listing on BSE	June 25, 2025

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Mumbai (Maharashtra) [India], May 19: Sumit Woods Limited. (NSE – SUMIT), a well-established real estate company with over 39 years of experience in Mumbai, has been appointed as the developer for the redevelopment of Station Plaza Premises Co-operative Society Ltd. located at KanjurVillage, Bhandup Station Road, Bhandup (West), Mumbai – 400078.

This strategic redevelopment project spans approximately 6.50 lakh sq. ft. of total area and is projected to deliver a saleable carpet area of 2.00lakh sq. ft., translating to an estimated Gross Development Value (GDV) of ₹700 Cr.

Established in 1986 by visionaries Mr. Subodh Nemlekar and Mr. Mitaram Jangid, Sumit Woods has emerged as a hallmark of excellence in the Mumbai and Goa real estate markets. With a portfolio of 65+ completed projects and a built-up area exceeding 50 lakh sq. ft., the company has consistently delivered quality developments while rehabilitating thousands of families across urban centres.

This new Bhandup project complements the company’s growing footprint in Mumbai, which includes the recently launched premium residential development, Sumit KMR PARAM in Borivali West. In addition to these major undertakings, Sumit Woods is also progressing with its flagship luxury development in Prabhadevi, further cementing its leadership in the MMR real estate landscape.

With a track record of timely delivery and urban rejuvenation, Sumit Woods continues its mission to redefine Mumbai’s skyline while enriching the lives of its residents.

Commenting on the development, Mr. Mitaram Jangid, Managing Director of Sumit Woods Limited,said: “The appointment for the redevelopment of Station Plaza Premises Co-operative Society is a significant responsibility and an affirmation of the confidence placed in Sumit Woods. With a GDV of ₹700 crore, this project allows us to bring meaningful change to a well-connected yet underutilized pocket of Bhandup West. Our approach will remain grounded in functional design, quality execution, and creating spaces that serve the evolving needs of the community.”

Our expanding portfolio, from Borivali to Prabhadevi, reflects a focused effort to strengthen our presence across key micro-markets in Mumbai. Each development is backed by careful planning, local understanding, and a commitment to timely delivery. With nearly four decades in the industry, we continue to build with a long-term vision while staying responsive to the pace and priorities of urban Mumbai.”

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Mumbai (Maharashtra) [India], May 19: Signoria Creation Limited, (NSE – SIGNORIA), a leading name in women’s apparel industry, has announced its Audited Financial Results for H2 FY25 and FY25.

Key Financial Highlights – H2 FY25

• Total Income: ₹1,718.70 Lakhs, YoY growth of 31.81%
• EBITDA: ₹331.38 Lakhs, YoY growth of 15.46%
• Net Profit: ₹173.09 Lakhs, YoY decline of 1.83%

Key Financial Highlights – FY25

• Total Income: ₹2,722.02 Lakhs, YoY growth of 39.10%
• EBITDA: ₹529.33 Lakhs, YoY growth of 31.02%
• Net Profit: ₹301.84 Lakhs, YoY growth of 25.32%

Commenting on the financial performance, Mr. Vasudev Agarwal, CMD of Signoria Creation Limited said, “We are pleased to report a strong performance for H2 and the full year FY25, reflecting steady growth across our key segments. Our consistent focus on quality, design innovation, and market responsiveness has helped us deepen our presence in the premium women’s apparel space.

Throughout the year, we’ve expanded our product offerings, reinforcing our commitment to delivering elegant, timeless, and versatile designs that cater to the modern woman. Our ability to combine style with functionality has resonated strongly with our target audience, allowing us to deepen our presence in the competitive apparel market.

Looking ahead, we remain focused on enhancing our collections, expanding our reach, and continuing to elevate the Signoria brand to new heights. Our ongoing investments in design and technology will allow us to deliver exceptional value and meet the evolving demands of our customers, ensuring long-term growth for the company and continued satisfaction for our stakeholders.”

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Mumbai (Maharashtra) [India], May 17:  FlexiBees, India’s leading provider of part-time, project-based and remote women talent to businesses, has launched the FlexiBees Marketplace, the go-to platform for hiring top-notch pre-vetted remote talent for employers around the globe. The marketplace allows employers to build a remote job in 2 minutes and hire pre-vetted candidates in 2 days via on-demand models with pay-per-use pricing.

The FlexiBees Marketplace operates in an innovative yet simple way. Employers can post a remote job as the first step, go on to schedule interviews and then hire the best-matched talent. The simple functionality of the marketplace has helped the brand to become the go-to solution for finding on-demand & pre-vetted candidates without hassle, with over 800 businesses using FlexiBees as their primary source of hiring talent. FlexiBees vets talent using Artificial Intelligence (AI) and human-augmented vetting processes across skills and flexibility factors, allowing employers to hire exceptionally equipped talent who are best suited for their needs, quickly. The FlexiBees approach offers best-in-industry cost, helping businesses to pay for the hours or months they need, without any hidden charges.

Speaking on the development,Shreya Prakash, CEO and Co-founder of FlexiBees, explained the vision behind the launch by saying, “Vetting talent on their capabilities has become a considerable factor for employers these days. But it can be a tedious process and it takes a lot of time, which is a real business loss. With FlexiBees Marketplace, we aim to help businesses hire high quality pre-vetted professionals quickly, to be more responsive to growth opportunities. Posting a job on the FlexiBees Marketplace is entirely free, and by allowing businesses to pay for the hours or months they require the services for, it integrates the aspect of cost efficiency, allowing global businesses to get the best candidates out there without spending prolonged time or resources to hire.”

The one thing that sets FlexiBees Marketplace apart is their vetting technology, ensuring that businesses hire the best-matched experienced talent who hit the ground running. Moreover, businesses save 90% of their hiring time and the effort of sifting through hundreds of resumes, because the marketplace matches them to 3-5 sharply-vetted candidates for each job post. These candidates have been matched based on job skills and number of hours that the employers want the talent for. Another benefit for businesses is that they can hire at 40 to 60% of the usual hiring cost because of FlexiBees’ pay-per-use pricing models. The quality of talent, saved time and effort has led to FlexiBees generating 70% of its business from repeat clients.

As an organization that wants to change the way work is done, FlexiBees promotes the normalization of flexibility in work that includes flexi-time, part-time, remote working and a diverse range of non-traditional arrangements — enabling businesses to become more agile, competitive and customer-centric. At the heart of their company is the vision to empower under-served talent pools like women who are currently outside of the traditional workforce, to attain financial independence and esteem.

About FlexiBees

FlexiBees is an AI-driven vetted talent marketplace for part-time, project-based and remote work, via qualified women professionals.

Founded by alums of IIM Bangalore, FlexiBees envisions normalizing flexibility in work via options such as flexi-time, part-time, and remote-working.

The organization’s flexible on-demand models enable businesses to grow by hiring high-quality talent in an affordable and agile manner. And they enable FlexiBees’ women talent pool to balance their professional and personal priorities while building meaningful careers.

FlexiBees’ talent pool comprises experienced women professionals across functions and sectors allowing the firm to offer talent across all kinds of roles and functions, be it core & operational ones like Sales, Marketing, Digital & Finance, or Content, Design, Technology, etc. Moreover, the company has built their proprietary AI-driven and human-augmented vetting technology that ensures a best-fit match and helps in cutting down client effort during the hiring process.

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Kolkata (West Bengal) [India], May 17:  Vijaya Diagnostic Centre, one of India’s leading integrated diagnostic service providers, today announced the grand opening of its state-of-the-art diagnostic centre in Barasat, Kolkata. This expansion underscores Vijaya Diagnostic Centre’s commitment to making world-class, affordable diagnostic services accessible to communities across India.

Inaugurated by Dr. Kakoli Ghosh Dastidar, Honourable Member of Lok Sabha, the new Barasat centre highlights the company’s dedication to providing advanced diagnostic services at affordable prices, delivering the same quality, trust, and technology Vijaya is known for. A key highlight is Barasat’s first-ever 3 Tesla MRI, significantly enhancing regional diagnostic capabilities.

Equipped with cutting-edge technology and staffed by highly skilled professionals, the centre offers comprehensive services including the revolutionary 3 Tesla MRI, Digital X-Ray, Ultrasonography, 2D Echo, Stress TMT, PFT, ECG, and a wide array of speciality lab investigations.

Vijaya Diagnostic Centre is one of India’s largest and most trusted integrated diagnostic chains, with a strong presence in Andhra Pradesh, Telangana, Maharashtra, Karnataka, West Bengal, and NCR. Committed to accuracy, reliability, and patient-centric care, Vijaya Diagnostic Centre utilizes state-of-the-art technology and a team of experienced professionals to deliver a comprehensive range of pathology and radiology services across its extensive network of centres. With a legacy spanning over four decades, Vijaya Diagnostic Centre consistently strives to provide world-class diagnostic solutions at affordable prices, ensuring superior health outcomes for communities across the nation.

Dr. Surender Reddy, Chairman of Vijaya Diagnostic Centre, stated, “This new advanced facility in Barasat, with the 3 Tesla MRI, will significantly fulfill the community’s healthcare needs. It strengthens our commitment to delivering top-tier diagnostic services to the community.”

Suprita Reddy, MD & CEO of Vijaya Diagnostic Centre, added, “We are dedicated to providing high-standard and holistic patient care. This Barasat centre offers timely and reliable diagnostic services, supported by advanced technology and experienced professionals. We invite the people of Barasat to experience our world-class services for better health outcomes.”

For patient convenience, the centre offers online booking, home sample collection, and instant report access via the Vijaya Diagnostic Centre mobile app. With over four decades of expertise, Vijaya Diagnostic Centre continues to set benchmarks in diagnostic care, reflecting its unwavering commitment to bridging healthcare access gaps in the region.

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Mumbai (Maharashtra) [India], May 15: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leadingcoated metal products manufacturer and exporter. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, has reported its Audited financials for Q4 FY25 & FY25.

Q4 FY25 Consolidated Financial Highlights

• Total Revenue of ₹ 209.85 Cr

• EBITDA of ₹ 17.13 Cr

• EBITDA Margin (%) of 8.16%

• Net Profit of ₹ 5.03 Cr

• Net Profit Margin (%) of 2.39%

• Diluted EPS of ₹ 0.68

FY25 Consolidated Financial Highlights

• Total Revenue of ₹ 789.66 Cr

• EBITDA of ₹ 63.01 Cr

• EBITDA Margin (%) of 7.89%

• Net Profit of ₹15.39 Cr

• Net Profit Margin (%) of 2.00%

• Diluted EPS of ₹ 2.07

Q4 FY25 Standalone Financial Highlights

• Total Revenue of ₹ 209.82 Cr

• EBITDA of ₹ 17.11 Cr

• EBITDA Margin (%) of 7.97%

• Net Profit of ₹5.10 Cr

• Net Profit Margin (%) of 1.98%

• Diluted EPS of ₹ 0.69

FY25 Standalone Financial Highlights

• Total Revenue of ₹ 789.55 Cr

• EBITDA of ₹ 62.91 Cr

• EBITDA Margin (%) of 8.15%

• Net Profit of ₹15.64 Cr

• Net Profit Margin (%) of 2.43%

• Diluted EPS of ₹ 2.11

Key Highlights for FY25

• EBITDA stood at ₹63.01 Cr, marking a 10.79% YoY increase

• Profit Before Tax rose by 38.13% YoY to ₹20.59 Cr

• Profit After Tax grew by 36.97% YoY to ₹15.82 Cr

• Earnings Per Share improved by 24.12% YoY, reaching ₹2.07

• Debt-Equity Ratio improved from 2.48 to 1.81, indicating stronger financial stability.

• For FY25 Exports contributed ₹ 306.39 Cr, which is 39% of the total revenue, whereas domestic revenue contributed ₹ 475.27 Cr, which is 61% of the total revenue.

• The production of Galvanized steel increased by 20.62% YoY in FY25.

• The production of Colour coated steel coils grew by 21.99% YoY in FY25.

Commenting on the performance Mr. Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said, “We are pleased to report that FY25 was a landmark year for us. During the year, we successfully completed two crucial fund-raising initiatives through the allotment of warrants and equity shares. The capital raised has significantly strengthened our balance sheet and will fuel our upcoming growth initiatives.

As we step into FY26, we are excited about the transformational projects underway. We are upgrading our galvanizing technology to manufacture AluZinc—a high-performance alloy-coated steel known for its durability and premium pricing. This shift is expected to improve our operating margins and overall profitability from the very first quarter of the new fiscal.

We are also in the process of establishing a captive solar power plant, which will replace a large portion of our grid dependency. This will substantially reduce our power costs and support our sustainability goals.

Additionally, we are expanding our colour-coating capacity through the installation of a second line. This will bring our downstream processing in line with our upstream capabilities, helping us serve growing demand both domestically and globally.

With growing exports and increasing demand for value-added coated products, we are confident that we are entering a new phase of accelerated and sustainable growth.”

Q4 FY25 Key Business Highlights

Allotment of Warrants on Preference	Allotted 2.07 Cr fully convertible warrants on a preferential basis at ₹65 each to promoter group and public investors, raising ₹134.55 Cr.
Allotment of Equity Shares	Allotted 52,00,000 equity shares at ₹65 each, comprising 44,00,000 shares to non-promoters and 800,000 shares to promoters, upon conversion of warrants, raising ₹25.35 Cr.

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