Tag: Business

Jaipur (Rajasthan) [India], May 16: Signoria Creation, (NSE – SIGNORIA), a leading name in women’s apparel industry is pleased to announce the commencement of commercial production at its new rented premises located at Plot No. 37, Krishna Nagar, Village Kalyanpura, Tehsil Sanganer, District Jaipur (303503), Rajasthan as of May 13, 2025.

This expansion represents a significant step forward in Signoria’s long-term strategy to scale operations and reinforce its presence in the market. The new facility features advanced production infrastructure aimed at boosting capacity, enhancing efficiency, and elevating product quality. The increased output is expected to streamline operations, shorten lead times, and support the introduction of new product lines.

With this facility, Signoria Creation marks a pivotal advancement in its growth journey. Spanning 5,000 square feet, the newly operational unit is equipped to accommodate 130 machines, boosting daily production capacity by 1,000 pieces—from 2,500 to 3,500 pieces per day—representing a robust 40% increase, enabling the company to better meet rising demand, scale up its offerings, and strengthen supply chain responsiveness.

Commenting on the development, Mr. Vasudev Agarwal, CMD of Signoria Creation Limited said, “We are pleased to announce the commencement of commercial production at our new Jaipur facility, a key milestone in our strategic growth plan. This expansion significantly enhances our production capabilities, enabling us to respond more efficiently to increasing demand while maintaining our commitment to quality. It positions us to tap into larger orders, enter new markets and further solidify Signoria Creation’s reputation as a dynamic and dependable player in the women’s apparel industry.

With this development, Signoria Creation Ltd. is strategically positioned to tap into new growth avenues, expand its footprint, and continue delivering sustained value to all stakeholders.”

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New Delhi [India], May 16: Global hospitality technology company OYO has announced the launch of a summer vacation limited-period free stay program across 1100+ company serviced hotels in popular holiday destinations across India. A total of 1000 free stays will be available each day on a first-come, first-served basis, allowing thousands of travelers to enjoy a comfortable and memorable stay at no cost. Guests can redeem their complimentary stay by entering the coupon code FREESUMMER while booking through the OYO app or website.

The offer is valid from May 17 to 24, 2025, giving travelers the chance to experience OYO’s premium hospitality completely free of charge.

It covers a wide range of OYO properties across hill stations, beach towns, and heritage cities, including Shimla, Manali, Mussoorie, Goa, Jaipur, Udaipur, and Ooty, among others. For travelers looking to blend business with leisure, the program also includes major urban hubs like Delhi, Jaipur, Hyderabad, Pune, and Kolkata, offering the perfect mix of work and relaxation.

The initiative is aimed at encouraging more families and solo travelers to explore new places while staying at OYO’s premium properties. The hotel brands included as part of this scheme include Townhouse and Collection O properties.

Unlike other OYO properties, company serviced hotels stand out for their high-quality services, modern interiors, and enhanced guest experience. These hotels are carefully curated and managed directly by OYO to ensure superior comfort, top-tier amenities, and impeccable service.

Commenting on the initiative, Varun Jain, Chief Operating Officer, OYO said “We see this as a unique opportunity for guests to experience the comfort and consistency of our company-serviced premium hotels. That’s why this summer, we’re offering free stays at select premium properties—making travel more accessible, joyful, and rewarding for families, business, pilgrims  and solo travelers alike.”

For more details and to book your stay, visit www.oyorooms.com or download the OYO app today.

About OYO

OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate approximately 1.75 lakh hotels and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of March 30, 2024. For more information, visit www.oyorooms.com.

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Mumbai (Maharashtra) [India], May 16: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced their financial results for the quarter and year ended March 31, 2025.

Q4 FY25 Key Financial Highlights

• Total Income of ₹ 403.3 Mn, YoY change of -4.3%
• EBITDA of ₹ 82.3 Mn, YoY growth of 15.8%
• EBITDA Margin (%) of 20.4%, YoY growth of 355 BPS
• PAT of ₹ 44.8 Mn, YoY growth of 28.6%
• PAT Margin (%) of 11.1%, YoY growth of 284 BPS

FY25 Key Financial Highlights

• Total Income of ₹ 1465.8 Mn, YoY growth of 20.1%
• EBITDA of ₹ 283.1 Mn, YoY growth of 7.1%
• EBITDA Margin (%) of 19.3%, YoY change of -234 BPS
• PAT of ₹ 131.2 Mn, YoY growth of 7.5%
• PAT Margin (%) of 9.0%, YoY change of -106 BPS

Other Key Highlights:

• Total Income stood at Rs. 403.3 Mn in Q4FY25 as against to Rs. 421.4 Mn; during FY25 Total Income stood at Rs. 1,465.8 Mn a strong growth of 20.1% YoY against Rs. 1,220.2 Mn in FY24
• EBITDA for the Q4FY25 was at Rs. 82.3 Mn as against Rs. 71.0 Mn in Q4FY24, a growth of 15.8% YoY with an EBITDA Margin of 20.4% in Q4FY25; EBITDA for FY25 stood at Rs. 283.1 Mn and Margin of 19.3% in FY25
• Profit after Tax stood at Rs. 44.8 Mn in Q4FY25 as against Rs. 34.9 Mn, a robust growth of 28.6% YoY; During FY25 PAT stood at Rs. 131.2 Mn against Rs. 122.1 Mn in FY24 a growth of 7.5% YoY
• Approved Bonus Issue in the ratio of 1:1 of fully paid-up equity shares of ₹2 each to existing shareholders.

Commenting on the Company’s performance Mr. Santosh Ladha, Managing Director of the Company said: “I am pleased to announce that we continue to grow in Q4FY25. Throughout the year, we encountered challenges related to input costs; however, we experienced a revival in Q4FY25, which is evident in our improved operational profitability. The growth was accelerated by our B2B segment where we have added 9 new distributors during the quarter. Recently, we have also successfully raised capital through a rights issue totalling Rs. 47.5 crores, which will be strategically allocated to support our growth initiatives.

Looking ahead to FY26, we plan to expand our production capacity to reach 38,000 pieces per day. We are excited to introduce our new inner wear line and enhance our sportswear offerings, underscoring our commitment to innovation and quality. We anticipate strong growth driven by organic demand and new capacity additions, while also focusing on enhancing our retail D2C segment to accelerate our growth trajectory and deliver greater value to our stakeholders. Iris Clothings remains dedicated to elevating the DOREME brand and advancing the company to the next level of growth.”

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Mumbai (Maharashtra) [India], May 16: Focus Lighting & Fixtures Limited.(NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, has secured a significant commercial order from Larsen & Toubro Limited – Construction Division. The order, valued at ₹10.5 Cr, is for the manufacture, supply, and delivery of advanced LED lighting and fixtures, to be executed over a period of eight months.

This development marks a major milestone for Focus Lighting as it strengthens its portfolio of marquee clients and underscores the company’s growing reputation as a dependable partner in the infrastructure and construction ecosystem. The company will supply a range of high-performance LED lighting systems that are designed to meet the rigorous demands of modern infrastructure projects.

Commenting upon milestone achieved, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “We are delighted to have been chosen by Larsen & Toubro for this significant order. L&T is one of India’s most respected infrastructure companies, and this collaboration is a strong validation of our capabilities in terms of product quality, compliance, and timely delivery.

This order reflects the growing importance of advanced lighting solutions in infrastructure projects that demand both performance and aesthetics. We look forward to delivering customized lighting systems that meet L&T’s stringent technical standards.

This partnership not only strengthens our presence in the infrastructure segment but also opens up exciting new opportunities for us to support large-scale, technically demanding projects across the globe.”

With the Indian infrastructure sector projected to grow rapidly, Focus Lighting is well-positioned to support future projects through its proven expertise, efficient production systems, and commitment to delivering high-quality lighting solutions. The company aims to leverage this momentum by expanding its footprint across government, urban, and industrial infrastructure projects.

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Mumbai (Maharashtra) [India], May 16: Borana Weaves Limited, (“Borana”, The Company) specializing in the production of unbleached synthetic grey fabric, proposes to open its Initial Public Offering on Tuesday, May 20, 2025 whereas, the anchor bidding will open on Monday, May 19, 2025 and the bid/ issue will close on Thursday, May 22, 2025. The Company aims to raise ₹ 144.89 Crore and list its Equity Shares on the main board platforms of BSE Limited and National Stock Exchange of India Limited.

The issue size is up to 67,08,000 Equity Shares with a price band of ₹ 205 – ₹ 216 per Equity Share and face value of ₹ 10 each.

Equity Share Allocation

• Qualified Institutional Buyer – Not less than 75% of the Issue
• Non-Institutional Investors – Not more than 15% of the Issue
• Retail Individual Investors – Not more than 10% of the Issue

The net proceeds from the IPO will be utilized to finance the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India (“Proposed Unit 4”), funding incremental working capital requirements, and for general corporate purposes.

The Company has appointed Beeline Capital Advisors Private Limited as the Book Running Lead Managers to the Issue and KFIN Technologies Limited as the Registrar to the Issue.

Mr. Mangilal Ambalal Borana, Chairman and Managing Director of Borana Weaves Limited expressed, “The launch of our Initial Public Offering marks a significant milestone for Borana Weaves Limited. Over the past few years, we have grown our manufacturing capabilities in the synthetic textile segment. The proceeds from the IPO will support the expansion of our production infrastructure and help us address our working capital needs. This step aligns with our long-term strategy of scaling operations while maintaining focus on product quality and operational efficiency. We look forward to continuing our growth journey with greater capacity and enhanced operational resilience.”

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New Delhi [India], May 16: Zordo Technologies has officially launched FareArena, a fresh online platform aiming to cater to the growing needs of low-cost flight tickets and budget-friendly travels. In an era where passengers are looking more and more towards saving money without sacrificing convenience, FareArena serves them just right — discounted booking of flights, easy navigation, and efficient assistance for domestic and international flights alike.

FareArena is a complete travel booking website that not only provides cheap airfare but also access to cheap airline deals, hotel reservations, and special travel discounts. Whether you’re taking an impromptu trip or a well-planned holiday, FareArena assists you in discovering the cheapest flight deals according to your budget.

Complete Details about FareArena

1. How does FareArena provide cheap flight tickets?

FareArena consolidates fares from more than one airline and compares prices in real-time to provide you with the lowest airfare comparison. This guarantees that customers receive access to the lowest airfare without having to look around on numerous websites.

2. Can I reserve international flights at a discount?

Yes. FareArena also provides discounted flight booking for international routes. New York, Dubai, London, Bangkok – whatever be the destination, FareArena has all the top global routes covered with budget flights.

3. Is last-minute booking supported?

Yes. With instant fare updates and confirmation, FareArena is a last-minute flight deal haven where spontaneous flyers can book flights on the go without paying a premium.

4. How is FareArena different from other sites?

Unlike most travel sites that have hidden fees or advertise higher prices, FareArena prioritizes transparency by providing budget airline offers and promo codes to customers. The simple interface and safe payment methods add to the overall experience.

5. Is there hotel booking too?

Yes. FareArena is not limited to flights; it also offers competitive hotel rates, making it a full-fledged travel planning package.

With FareArena, Zordo Technologies is revolutionizing the world of online airline booking in India and the world. Whether you’re traveling alone or booking for a group, you’ll enjoy unmatched deals with a focus on ease and economy.

For travelers looking for inexpensive flight tickets, low airfare, and an easy-to-use website, FareArena is fast becoming the go-to option.

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