Tag: Business

  • Nityas Gems and Jewellery Limited IPO Opens on September 30, 2026

    Nityas Gems and Jewellery Limited IPO Opens on September 30, 2026

    Mumbai (Maharashtra) [India], September 29: Nityas Gems and Jewellery Limited, engaged in the design, manufacturing, and sale of lab-grown diamond-studded gold jewellery in India, proposes to open its Initial Public Offering on Wednesday, September 30, 2026, aiming to raise ₹108.42 Crore (at the upper price band), with shares to be listed on the NSE & BSE platforms. Nityas Gems and Jewellery Ltd O.

    • Total Issue Size – Up to 14,456,000 Equity Shares of ₹5 each
    • IPO Size – ₹108.42 Crore (At Upper Price Band)
    • Price Band – ₹70 – ₹75 Per Equity Share
    • Lot Size – 200 Equity Shares

    The issue size is 14,456,000 equity shares at a face value of ₹5 each with a price band of ₹70 – ₹75 Per Equity Share.

    Equity Share Allocation

    • Net QIB – Not more than 50% of the Issue
    • NII – Not less than 15% Of the Issue
    • RII – Not less than 35% of the Issue

    The net proceeds from the IPO will be utilized for Funding Working Capital requirements and General Corporate Purposes. The anchor bidding is on Tuesday, September 29, 2026 and the issue will open on Wednesday, September 30, 2026 and will close on Monday, October 05, 2026.

    The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited; the Registrar to the Issue is Bigshare Services Private Limited.

    Mr. Rajnikant Lallubhai Chanchad, Chairman and Managing Director of Nityas Gems and Jewellery Limited, expressed, “The proposed IPO marks an important milestone in our journey. We have built an integrated platform spanning B2B manufacturing and distribution as well as D2C omnichannel retail in lab-grown diamond-studded gold jewellery. The proposed deployment of the Net Proceeds towards working capital requirements is intended to support the scale of our operations as we continue expanding our customer base, strengthening our design-led manufacturing capabilities and deepening our presence across channels.”

    Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited, said, “Nityas Gems and Jewellery Limited has scaled its operations across an integrated B2B and D2C model. In Fiscal 2026, the Company reported revenue from operations of ₹2,028.94 million, EBITDA of ₹309.74 million and profit after tax of ₹223.15 million, with an EBITDA margin of 15.27% and a PAT margin of 11.00%. The fresh issue is proposed to primarily support the Company’s working capital requirements and further manufacturing capabilities.” Nityas Gems and Jewellery Ltd O…

    About Nityas Gems and Jewellery Limited

    Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India. Its integrated business model comprises B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with D2C omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited. The Company offers jewellery across categories including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles, with a strategic focus on lightweight and affordable lab-grown diamond-studded gold jewellery.

    During Fiscal 2026, the Company served 323 B2B customers. Its B2B network spans 18 states and 2 union territories in India, and it has also served overseas customers in the United Arab Emirates, Australia, Canada, Taiwan and Kenya. Ayaani operates an online storefront and ten physical retail stores across eight cities in India, comprising seven company-operated and three franchise-operated stores.

    The Company’s manufacturing facility in Surat, Gujarat has an area of approximately 7,000 sq. ft. and installed production capacity of approximately 360 kg per annum. Its operations are supported by in-house design capabilities and CAD/CAM-enabled tools, with a design portfolio of over 32,000 jewellery designs as of August 31, 2026.

    During FY26, the Company achieved Revenue from Operations of ₹2,028.94 million, EBITDA Margin of 15.27% and PAT Margin of 11.00%. Nityas Gems and Jewellery Ltd O…

    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.

  • Patel Retail Limited Continues Retail Expansion with 54th Store Opening in Kalyan (East)

    Patel Retail Limited Continues Retail Expansion with 54th Store Opening in Kalyan (East)

    Mumbai (Maharashtra) [India], September 29: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), A diversified retail and food processing company, has announced the opening of its 54th retail store at Village Dvrali Malangad Road, Kalyan (East), Thane, further expanding its retail footprint and strengthening its presence across the Mumbai Metropolitan Region (MMR). Patel Retail Limited 54th Store…

    The newly launched store is strategically located to enhance accessibility for customers in Kalyan and nearby areas, reflecting the Company’s continued focus on expanding into suburban and emerging urban markets. The expansion is aligned with Patel Retail’s strategy of increasing its retail presence in high-growth locations while serving the evolving needs of local communities.

    With its growing retail network, the Company continues to provide customers with convenient access to a wide range of quality groceries, daily essentials, household products and value-driven offerings. By bringing organized retail closer to consumers, Patel Retail aims to deliver a convenient shopping experience while further strengthening its position as a trusted neighbourhood retail destination.

    The opening of the 54th store reflects the Company’s continued commitment to expanding its retail network across key markets. Going forward, Patel Retail will continue to identify strategic locations that support sustainable growth, enhance customer convenience and strengthen its market presence across existing and new geographies. Patel Retail Limited 54th Store.

    Patel Retail

    Commenting on the performance, Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, said “Our retail expansion strategy is centered on bringing organized retail closer to customers across suburban and emerging urban markets while strengthening our presence in key growth locations. The launch of our 54th store in Kalyan (East) reflects this approach and further expands our footprint across the Mumbai Metropolitan Region. Every new store enables us to better serve the everyday needs of local communities by providing convenient access to quality groceries, household essentials and value-driven products through our neighbourhood retail format.

    As we continue to grow our retail network, our focus remains on enhancing customer convenience, strengthening long-term relationships with our customers and creating sustainable value for all our stakeholders. We will continue to identify strategic locations that support our long-term growth ambitions while delivering a consistent and trusted shopping experience.” Patel Retail Limited 54th Store… Patel Retail Limited 54th Store…

    About Patel Retail Limited

    Patel Retail Limited is a leading name in value-driven retail and integrated food processing in India. Headquartered in Ambernath, Mumbai with operations across the MMRDA region, the company combines modern retail formats with backward integration in agri-processing to ensure quality, cost efficiency, and supply reliability. It also extends its reach through a mobile application that connects customers to their nearest store and offers free home delivery.

    Patel Retail has built a strong portfolio of products through its in-house brands – Indian Chaska for spices and flavourings, Patel Fresh for pulses, nuts, and dry fruits, and Patel Essential for household and cleaning products. Supported by food processing units in Dudhai, Gujarat, and facility in Ambarnath MIDC, along with a current network of 54 stores, the company maintains strict quality and safety standards while delivering value across its product categories.

    With an expanding footprint in Thane, Raigad and Palghar District, Patel Retail has steadily strengthened its presence in suburban and emerging urban markets. This growth momentum culminated in its successful Initial Public Offering in August 2025, with the company’s shares listed on the BSE and NSE on August 26, 2025 marking an important milestone in its journey of scale, trust, and customer centricity.

    The Company delivered a strong financial performance in FY26, recording Total Income of ₹1,059.29 crore, EBITDA of ₹83.08 crore, and Net Profit of ₹39.05 crore.

    Building on this momentum, Q1FY27 reported Total Income of ₹310.24 crore, EBITDA of ₹19.68 crore, and Net Profit of ₹9.52 crore, reflecting continued business growth and profitability. Patel Retail Limited 54th Store…

    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. Patel Retail Limited 54th Store…

  • Per Drop More Crop Expands Micro-Irrigation Coverage To 115 Lakh Hectares; Captain Polyplast Sees Significant Headroom For Growth

    Per Drop More Crop Expands Micro-Irrigation Coverage To 115 Lakh Hectares; Captain Polyplast Sees Significant Headroom For Growth

    Rajkot (Gujarat) [India], September 29: India’s continued push towards water-efficient agriculture is creating a significant opportunity for the micro-irrigation industry. Under the Government’s Per Drop More Crop (PDMC) scheme, more than 115 lakh hectares have been brought under micro-irrigation as of July 2026, covering around 8.11% of the country’s net sown area. While this reflects the steady adoption of efficient irrigation systems, the relatively low level of overall penetration also highlights the considerable headroom for further expansion. Captain Polyplast Limited

    Captain Polyplast Limited, one of the leading manufacturer and exporter of micro-irrigation solutions, is well positioned to participate in this opportunity, with micro-irrigation continuing to remain at the core of its business. The company manufactures a comprehensive range of products including drip lines, sprinklers, micro-sprinklers, HDPE and PVC pipes, valves, connectors and other irrigation accessories, enabling it to address multiple components of a micro-irrigation system. Alongside this core business, the company has also expanded into solar EPC and polymer products, strengthening its presence across adjacent growth segments.

    Government Support Is Expanding The Adoption Base

    The PDMC scheme provides financial assistance of up to five hectares per beneficiary, with 55% assistance for small and marginal farmers and 45% for other farmers. The Government has released ₹8,123.24 crore under the scheme over the last three years, including ₹3,226.36 crore during FY2025-26. In FY2025-26 alone, 12.30 lakh farmers benefited from the programme, with women accounting for around 20% of beneficiaries.

    Importantly, the Government has also introduced greater flexibility in the implementation of PDMC. States and Union Territories can now allocate funds beyond the earlier prescribed limits toward local water-storage and conservation measures such as farm ponds, diggis and water-harvesting systems. This is intended to improve the reliability of water availability and strengthen the effectiveness of micro-irrigation at the farm level.

    The policy framework also allows farmers to receive assistance again for the same land after seven years, creating a potential replacement cycle as older irrigation systems reach the end of their operating life. Captain Polyplast Limited

    A Large Opportunity For Captain Polyplast

    Captain Polyplast has been operating in the micro-irrigation industry since 1997 and has established a presence across key agricultural markets. The company currently has manufacturing facilities at Shapar near Rajkot, Kurnool in Andhra Pradesh and Ahmedabad, supported by a distribution network of around 750 dealers across 16 states. Its presence includes several of the states identified by the Government as having the highest micro-irrigation coverage under PDMC, including Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Gujarat and Rajasthan.

    The opportunity for the company extends beyond first-time installations. In states where micro-irrigation adoption is already relatively high, a growing installed base is creating a replacement opportunity, while lower-penetration regions offer scope for new system installations. The company has indicated that replacement demand in Maharashtra, Gujarat, Andhra Pradesh and Tamil Nadu is already in the range of 10–20% and could increase as the installed base expands.

    This creates a two-layer growth opportunity for Captain Polyplast: new adoption driven by government-supported expansion and replacement demand from the existing installed base. Captain Polyplast Limited

    Lower Taxation Further Improves Affordability

    Demand conditions have also been supported by the reduction in GST on drip irrigation systems and sprinklers from 12% to 5% with effect from 22 September 2025. The lower tax rate reduces the cost burden on farmers and complements the subsidy support available under PDMC.

    The Government’s own assessments point to the broader economic benefits of micro-irrigation, including 20–48% water savings, 20–38% improvement in crop yields and income gains of 10–69%, reinforcing the long-term case for adoption of efficient irrigation systems.

    Mr. Ritesh Khichadia, Whole-time Director, Captain Polyplast Limited, said, “Per Drop More Crop has created a strong foundation for the expansion of micro-irrigation by making these systems more affordable and accessible to farmers. For a company like Captain Polyplast, this directly supports demand through our dealer network.

    At the same time, the Government’s latest data shows that micro-irrigation currently covers only around 8% of India’s net sown area, which indicates that a significant opportunity remains ahead. We are expanding our dealer presence in northern and eastern markets, where penetration is still relatively low, while also seeing increasing replacement demand in established micro-irrigation markets.

    With farmers becoming more aware of water efficiency and the policy environment continuing to support adoption, we believe the industry has a long runway for growth. Our focus remains on strengthening our distribution network, broadening our product offering and increasing our ability to serve both new installations and the replacement market.” Captain Polyplast Limited

    Capacity And Business Readiness

    Captain Polyplast’s manufacturing infrastructure has the capacity to support approximately ₹600 crore of micro-irrigation revenue, providing adequate headroom to cater to the expected expansion in industry demand. With capacity available to support higher volumes, the company’s focus is also shifting towards increasing the contribution of commercial and non-subsidy sales, creating an additional growth avenue beyond government-supported installations.

    Micro-irrigation remains a key contributor to the company’s overall business, with consolidated total income of ₹419.75 crore in FY2026. For the quarter ended June 2026, consolidated total income stood at ₹81.66 crore, reflecting a 16.3% year-on-year growth. Captain Polyplast Limited

    About Captain Polyplast Limited (CPL)

    Captain Polyplast Limited (CPL) is one of the leading players in the micro-irrigation industry, specializing in the manufacturing and export of equipment for a diverse range of agricultural applications. Established in 1997, the Company leverages over 25 years of expertise and operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh). It has built a strong distribution network spanning 16 states across India and exports to markets in Africa, Latin America, and the Middle East.

    In recent years, CPL has diversified into the fast-growing solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions, supported by strong government initiatives such as the PM-KUSUM scheme. The Company has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat, further strengthening its business portfolio.

    The recently operational Ahmedabad plant, spanning ~70,000 sq. ft., is expected to enhance manufacturing efficiency and profitability by enabling in-house production of critical components, thereby improving capacity utilization.

    Looking ahead, CPL aims to increase the share of commercial sales, including non-subsidy micro-irrigation, PVC pipes, and exports, to optimize working capital. It also plans to expand its domestic and international footprint, while growth in the solar EPC vertical is expected to further diversify the revenue mix.

    With a strong focus on strategic partnerships, operational excellence, and product quality, CPL is well-positioned to enhance its manufacturing capabilities and strengthen its leadership in the micro-irrigation and renewable energy sectors.

    In FY26 (Consolidated), Captain Polyplast Limited reported Total Income of ₹ 419.75 Cr, EBITDA of ₹ 46.32 Cr, and a net profit of ₹ 27.78 Cr. Captain Polyplast Limited

    Sources:

    • Press Information Bureau (PIB) – Water-Smart Farming with Per Drop More Crop – 29 Aug 2026
      PIB Source
    • Press Information Bureau (PIB) – PMKSY: A Decade of Irrigation-Led Agricultural Transformation – 30 Jun 2026 PIB Source
    • Press Information Bureau / Ministry of Agriculture & Farmers Welfare – Crop Diversification and Micro Irrigation – 4 Aug 2026 PIB Source
    • Business Standard — Why monsoon-dependent India still struggles to scale micro irrigation – 25 Apr 2026 Business Standard Source
    • The Economic Times Why micro-irrigation needs more than subsidies – 9 Jul 2026 Economic Times Source
    • Mint — Per Drop More Crop Yojana: subsidy and micro-irrigation benefits – 26 Jun 2026 Mint Source Captain Polyplast Limited

    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. Captain Polyplast Limited

  • Brandstailer Strengthens Integrated Digital Marketing Capabilities Across India

    Brandstailer reinforces its integrated digital marketing approach by bringing together strategy, creative execution, search, performance marketing, and technology to help businesses across India build sustainable digital growth.

    Lucknow (Uttar Pradesh) [India], September 26: Businesses across India are spending more on digital than ever. And a lot of them are figuring out, sometimes the hard way, that scattered marketing efforts just don’t cut it anymore. As a digital marketing agency in Lucknow, Brandstailer’s answer to that is simple enough: pull strategy, technology, creative work, and performance into one system, something businesses can actually measure instead of guess at. SEO, paid ads, the website, branding, content. Run those as separate line items and you lose the connective tissue between them. Run them together, and businesses have a real shot at visibility, at winning customers, at building something that lasts.

    Startups. SMEs. Established players across a dozen industries. Brandstailer works with all of them, and the requirement is usually the same: give us a growth strategy that holds together, not five vendors pulling in five directions. SEO, paid advertising, websites, branding, content, none of it works in isolation. That’s the whole premise here.

    Addressing the Challenges of Fragmented Digital Marketing

    Nearly every customer journey lives online now. So businesses end up with an agency running SEO, a freelancer handling paid campaigns, someone else entirely doing branding, the website, content, social. Sound familiar?

    Individually, each piece might look decent on paper. But put them together and the cracks show up fast. A website that never really supported the conversion goal in the first place. Paid traffic landing on a page with nowhere useful to go. Content built without any tie to what search or ads are actually trying to do. So businesses end up staring at dashboards, not entirely sure what’s working or why.

    Brandstailer’s position, as a digital marketing company in India, on this is blunt: marketing works better when every channel is rowing in the same direction. Line up strategy, communication, technology, and performance, and you get a more consistent experience for the customer, plus a lot more useful data at every stage of that journey.

    A Connected Approach to Digital Growth

    Before Brandstailer recommends a single channel or campaign, the digital marketing company in Lucknow tries to actually understand the business. Market position. Audience. Competitive landscape. Where the current digital presence is falling short, and where the real openings are.

    That groundwork feeds into a broader strategy, one where website experience, search visibility, paid advertising, creative messaging, and analytics are all built to reinforce each other rather than sit in their own lanes. Less a toolkit, more an actual ecosystem, across other cities such as Mumbai.

    The work doesn’t stop once a campaign launches, either. Performance data keeps feeding back in: refining messaging, tightening the user experience, getting more out of the marketing budget, shaping what comes next. That loop is what lets businesses keep up with how customers actually behave, without losing consistency across the board.

    Supporting Businesses Through an Integrated Service Ecosystem

    Several capabilities sit under Brandstailer’s roof, and together they drive online growth. SEO covers technical fixes, content planning, on-page work, local search, and ongoing performance checks where they matter.

    Businesses interested in learning more about Brandstailer’s integrated digital marketing services, industry experience, and approach to business growth can visit the company’s website or connect with the team for additional information and consultations.

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  • Aviatech Targets India’s Prototype-to-Production Gap with Engineering-Led PCBA Model

    Aviatech’s Goa PCBA facility targets India’s prototype-to-production gap through NPI, high-mix manufacturing and engineering-led electronics production.

    New Delhi [India], September 26: India’s electronics manufacturing sector has expanded rapidly over the past decade, with domestic production rising from about ₹1.9 lakh crore in FY2014-15 to an estimated ₹13.11 lakh crore in FY2025-26. Electronics exports have also grown sharply, reaching ₹4.24 lakh crore, or nearly $48 billion, making electronic goods one of India’s leading export categories.

    As the sector scales, the next challenge is not only adding manufacturing capacity but strengthening the engineering processes that help specialised electronic products move from design to dependable production.

    This is the space in which Aviatech, a Crown Defence company, is positioning its PCB assembly operations. Crown Defence brings more than four decades of experience across defence engineering, MRO and lifecycle support, giving Aviatech an established technical foundation as it expands into specialised electronics manufacturing.

    Through its PCBA facility in Goa, Aviatech is focusing on prototype builds, New Product Introduction (NPI) and high-mix, low-to-medium-volume manufacturing, where engineering support is as important as assembly capacity itself. The facility, inaugurated on 17th September, 2026, has now commenced operations and has begun work on its most recent client order, marking an important addition to the group’s manufacturing capabilities.

    For many electronics companies, a successful prototype can create the impression that a product is ready for manufacture. In practice, production introduces a different set of questions: can the board be manufactured consistently, are components available and suitable, are inspection and testing processes defined, and can documentation and revisions be controlled across multiple builds?

    This is where NPI becomes critical. A structured NPI process can include Design for Manufacturability reviews, Bill of Materials validation, component and package assessment, production-process planning, first-article inspection, revision control, traceability and pilot manufacturing before a design moves into regular production.

    Aviatech’s approach is to engage at this stage rather than enter only when a customer is ready to place a production order. Its engineering-led model includes reviewing production files, assembly and inspection requirements, testing methodology and engineering changes before repeatable manufacturing begins.

    The approach is particularly relevant for high-mix electronics programmes involving smaller quantities, multiple board variants, frequent engineering revisions and longer product lifecycles. Such requirements are common across defence electronics, aerospace and maritime applications, industrial equipment, instrumentation, specialised hardware and deep-technology products.

    They also change the economics of manufacturing. Selecting a supplier purely on the lowest assembly quotation can prove expensive if inadequate production preparation results in rejected boards, rework, failed testing, engineering delays or repeated setup cycles.

    Aviatech’s Goa facility is therefore being positioned not simply as a board-assembly operation, but as a manufacturing engineering partner supporting customers across prototype development, NPI, pilot builds and repeatable low- and medium-volume production.

    The opportunity also aligns with India’s push towards deeper domestic value addition in electronics and reduced dependence on imported manufacturing ecosystems. Government data indicates that domestic value addition in electronics has increased from around 15% to approximately 23%, while policy initiatives continue to encourage stronger manufacturing capability within the country.

    For Indian OEMs, R&D organisations, defence and aerospace suppliers, hardware companies and overseas manufacturers looking to localise products in India, the challenge is increasingly shifting from whether a product can be designed to whether it can be manufactured reliably and repeatedly.

    Aviatech is betting that this prototype-to-production bridge will become an increasingly important part of India’s electronics manufacturing story.

    For more information visit the website – Aviatech India

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  • Leading Marble Company in India: Royale Impex Marks 28 Years of Legacy and Excellence

    New Delhi [India], September 24: For 28 years, Royale Impex has been steadily building its presence in India’s marble and natural stone industry, establishing itself as a trusted name among architects, interior designers, developers and discerning homeowners.

    Founded by KK Agarwal, the company began with a clear vision to bring premium marble and natural stone from across the world to the Indian market. Over the years, that vision has grown into a business with a strong reputation for quality, consistency and reliability.

    Royale Impex’s strength lies in its extensive collection of natural stones sourced from international markets. With materials from more than 35 countries, the company offers architects and designers access to a wide range of marbles and stones, each with its own character, texture and origin.

    The company has also invested significantly in modern processing and finishing technologies. Advanced machinery and quality control systems allow Royale Impex to maintain precision while preserving the natural character of the stone. This balance between technology and craftsmanship has played an important role in the company’s growth.

    Its work today extends across luxury residences, commercial developments, hospitality spaces and other high-end projects. The company has built long-standing relationships with architects, designers and developers who look for both distinctive materials and dependable execution.

    The growth of India’s luxury real estate and interior design sectors has created greater demand for premium natural stone. Consumers are increasingly looking beyond conventional materials, while architects and designers are exploring international stones to create spaces with a distinctive identity. Royale Impex has been well positioned to respond to this changing market.

    At the heart of the company’s journey, however, remains the importance of relationships. Its approach has been shaped by the belief that a marble business is not simply about supplying a material. It is about understanding a project’s requirements, maintaining quality at every stage and delivering on commitments.

    As Royale Impex completes 28 years in the industry, the milestone reflects the evolution of a family-led enterprise into a leading marble company in India. Its journey combines experience, international sourcing, technology, and an understanding of the country’s changing design landscape.

    The next phase for Royale Impex will focus on strengthening its presence in the Indian market, expanding its collection, and continuing to bring distinctive natural stones to the country’s rapidly evolving architecture and design industry.

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  • IGT India Gold Trading LLP Expands Its Presence with New Alibag Branch

    From Left to right Suresh Prajapati, Abhishek Koli, Satyavan Tamkhade, Rasik Patil

    Alibag [Maharashtra], September 24: IGT India Gold Trading LLP, a growing gold services company focused on transparent and customer-oriented gold transactions, has expanded its presence with the inauguration of its new Alibag branch. The opening marks another milestone in the company’s journey and its growing presence across Maharashtra and beyond.

    The opening ceremony was attended by Rasik Patil, a young and renowned businessman from Alibag’s hospitality (hotel) industry, along with several prominent social media influencers from Alibag, local personalities, well-wishers and guests who gathered to congratulate the company on its new venture.

    From a 2023 Beginning to a Growing Network

    IGT India Gold Trading LLP began its journey in 2023 with the objective of creating a more transparent and customer-focused approach to gold-related transactions. Since its inception, the company has expanded its operations beyond its initial base. Today, IGT has its head office in Navi Mumbai, with branches in Thane, Udaipur and Alibag.

    The Alibag branch represents the company’s continued effort to bring its services closer to customers in local markets and provide them with a dedicated platform for their gold-related requirements. Visit IGT India Gold Trading LLP for more information.

    Gold Buying, Selling and Exchange Services

    IGT offers three key services – Gold Buying, Gold Selling and Gold Exchange.

    Through its Gold Buying service, customers looking to sell their gold can approach IGT for a structured transaction process. Gold is evaluated based on factors such as weight and purity, with the objective of providing customers with clear information about the transaction before proceeding.

    The company also provides Gold Selling services for customers looking to purchase gold, along with Gold Exchange, allowing customers to explore exchange-related requirements through IGT.

    In addition, IGT assists customers with Gold Loan Closure, helping them understand and navigate the process related to outstanding gold loans and the subsequent handling of their gold.

    The company places particular emphasis on trust, transparency and reliability in its customer interactions.

    Leadership Behind IGT

    The company’s journey has been driven by its founders and leadership team. Abhishek Koli and Suresh Prajapati, the founders and directors of IGT India Gold Trading LLP, have played a key role in building and expanding the organisation since its early days.

    The newly opened Alibag branch will be headed by Satyavan Tamkhade, Branch Head, who will be responsible for the branch’s local operations and customer engagement.

    Speaking about the expansion, the company highlighted its focus on building long-term relationships with customers while making gold-related services more accessible in local markets.

    The presence of Rasik Patil at the inauguration, along with several Alibag-based influencers and well-wishers, added to the significance of the occasion. The participation of local influencers also reflected the growing connection between IGT and the Alibag community.

    With its Alibag branch now operational, IGT India Gold Trading LLP aims to strengthen its presence in the region and serve customers looking for gold buying, selling and exchange services.

    The company’s journey from its beginning in 2023 to its presence across Navi Mumbai, Thane, Udaipur and Alibag marks its continued expansion, with the Alibag branch becoming the latest addition to its growing network.

    IGT INDIA GOLD TRADING LLP
    GOLD BUYING • GOLD SELLING • GOLD EXCHANGE
    “Your Trust, Our Responsibility.”

  • Green Asia Impex Limited Revises IPO Closing Date to October 01, 2026; Revises Price Band to Rs. 84 – Rs. 89 per Equity Share

    Mumbai (Maharashtra) [India], September 29: Green Asia Impex Limited, an agri-processing and export company engaged primarily in frozen shrimps and dried chillies, has revised the price band for its Initial Public Offering (IPO) to ₹84–₹89 per Equity Share. The Company has also extended the closing date of the issue to October 01, 2026.

    The IPO opened for subscription on September 24, 2026, and the Equity Shares are proposed to be listed on the NSE Emerge platform.

    With an established presence across the seafood and agri-processing value chain, Green Asia Impex has built its business around the sourcing, processing and distribution of shrimps and dried chillies across domestic as well as international markets. The Company currently exports to seven countries, including China, Kuwait, the USA, Malaysia, the UK, Vietnam and Thailand. It has also been recognised as a Two Star Export House by the Directorate General of Foreign Trade (DGFT).

    SHARE ALLOCATION

    QIB Portion Not more than 30% of the offer
    Non-Institutional Investors Not less than 35% of the offer
    Retail Individual Investors Not less than 35% of the offer

    STRONG OPERATING BASE

    The Company operates a shrimp processing facility with an aggregate installed capacity of 10,800 MTPA, comprising 7,200 MTPA of block freezing capacity and 3,600 MTPA of IQF capacity. Its product portfolio includes Vannamei, Black Tiger and Freshwater Shrimps, along with multiple varieties of dried chillies.

    Green Asia Impex recorded Revenue from Operations of ₹383.80 Crore in FY26, compared with ₹338 Crore in FY25. During the year, the Company reported EBITDA of ₹25.23 Crore, with an EBITDA margin of 6.57%, while Profit After Tax stood at ₹15.61 Crore, translating into a PAT margin of 4.07%.

    MANAGEMENT COMMENT

    Mr. Pasupuleti Venkata Rama Rao, Managing Director, Green Asia Impex Limited, said: “Our journey over the last decade has been focused on building a business that combines sourcing capabilities, processing infrastructure and market access across both domestic and international markets. From our initial focus on dried chillies, we have expanded into seafood processing and exports, while continuing to strengthen our quality and compliance systems.

    The IPO marks an important step as we look to enhance our processing infrastructure and build greater operating capacity. We remain focused on deepening our customer relationships, expanding our market presence and creating a scalable platform for the next phase of growth.”

    IPO PROCEEDS TO SUPPORT CAPACITY EXPANSION

    The Company intends to deploy the proceeds from the Fresh Issue towards funding the capital expenditure for setting up the proposed seafood processing facility including purchase and installation of plant, machinery & equipment, while the remaining proceeds are proposed to be utilised towards general corporate purposes and issue expenses.

    The proposed investment in processing infrastructure is expected to strengthen the Company’s operating capabilities and provide additional capacity to support its business requirements.

    IPO SNAPSHOT

    Issue Opened September 24, 2026
    Revised Issue Closing October 01, 2026
    Revised Price Band ₹84–₹89 per Equity Share
    Fresh Issue ₹52.46 Cr (at upper band)
    Offer for Sale ₹6.88 Cr (at upper band)
    Total Issue Size ₹59.34 Cr (at upper band)
    Lot Size 1,600 Equity Shares
    Minimum Bid 3,200 Equity Shares; thereafter in multiples of 1,600 Equity Shares
    Listing Platform NSE Emerge
    BRLM Indorient Financial Services Limited
    Market Maker Steel City Securities Limited

    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. Investors should read the Red Herring Prospectus, including the section titled “Risk Factors”, before making any investment decision. This announcement is not for release, publication or distribution, directly or indirectly, outside India.

    Disclaimer: This is a press release for informational purposes only and should not be considered a substitute for professional advice or decision-making. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified advisor before making any decisions.

  • From AAC Blocks to AAC Wall Panels: How Bigbloc Is Enabling Faster, More Flexible Walling for Large-Scale Construction

    From AAC Blocks to AAC Wall Panels: How Bigbloc Is Enabling Faster, More Flexible Walling for Large-Scale Construction

    Mr. Mohit Saboo, Director & CFO, Bigbloc Construction Limited

    New Delhi [India], September 29: As India’s large-scale construction sector looks for faster execution, greater consistency and more efficient use of labour and materials, AAC wall panels are emerging as an important next step in modern walling. Bigbloc Construction is expanding its walling portfolio beyond AAC blocks with ZMARTBUILD WALL AAC wall panels, offering a factory-enabled approach that can support faster installation, project-specific sizing and more predictable execution.

    The Walling Opportunity Is Changing

    India’s construction landscape is becoming increasingly driven by project timelines, scale and the need for consistent execution. Data centres, warehouses, industrial facilities, large residential developments and other large projects require construction methods that can deliver speed without compromising quality. At the same time, labour availability and the complexity of coordinating multiple activities on site are encouraging developers and contractors to look at ways of moving more work into controlled manufacturing environments.

    This is where the evolution from conventional masonry and individual walling products towards lightweight, prefabricated walling systems becomes relevant. AAC wall panels can be manufactured in a controlled environment and brought to site for installation, helping shift a part of the wall-construction process away from the site itself.

    From AAC Blocks to AAC Wall Panels

    AAC blocks continue to be an important solution for lightweight wall construction. However, as projects become larger and construction schedules become tighter, the focus is increasingly moving from the material alone to the way the wall is delivered and installed. AAC wall panels address this requirement by combining lightweight construction with factory-enabled production and on-site installation.

    For large projects, this can create a more streamlined sequence of work. Panels can be manufactured in advance, transported to the project and installed as part of a planned execution schedule. This can reduce the amount of walling activity that needs to be carried out manually at the site and can help improve predictability in project execution.

    Customised Sizing: Designing the Wall Around the Project

    One of the important advantages of AAC wall panels is the ability to consider project-specific dimensions rather than relying only on standard block sizes. Depending on project requirements and manufacturing capabilities, panels can be planned around the required wall dimensions, openings and installation conditions. This customised approach can help reduce unnecessary cutting and adjustments at site and can make the installation process more systematic.

    For projects with repetitive layouts, large wall areas or specific dimensional requirements, the ability to plan panel sizes in advance can also support better material planning and coordination between manufacturing, logistics and installation. In this sense, customisation is not simply a product feature; it can become part of a more integrated construction workflow.

    Where AAC Wall Panels Can Be Used

    AAC wall panels can be particularly relevant in applications where speed, repeatability and lightweight construction are important. Potential use cases include internal and external non-load-bearing walls, partitions, large residential developments, commercial buildings, warehouses, industrial facilities and selected applications in data-centre construction, subject to project design, specifications and applicable standards.

    Their relevance is especially visible in projects with large quantities of repetitive walling. In such environments, a factory-produced panel can help reduce the number of individual pieces that need to be handled and installed on site. The approach can also support better coordination when walling work has to progress alongside other construction activities.

    Advantages Beyond Faster Installation

    The potential advantage of AAC wall panels extends beyond installation speed. Factory-controlled production can help deliver greater consistency in dimensions and finish, while the lightweight nature of AAC can help reduce the dead load associated with wall construction. Prefabricated installation can also reduce site labour requirements and material handling, depending on the project methodology.

    Industry experience indicates that wall panels can reduce walling-related construction time by around 30% to 50%, depending on the project, design, site conditions and execution methodology. The actual benefit will vary by application and should therefore be assessed against the overall project workflow rather than treated as a universal saving.

    Another consideration is material efficiency. When panel dimensions are planned before production, the process can reduce the need for extensive cutting and modification at site. This can help minimise site waste and improve execution consistency, particularly in projects where wall dimensions are repeated across multiple floors or buildings.

    Bigbloc’s Integrated Approach to Walling

    Bigbloc Construction is building on its experience in AAC blocks while expanding towards a broader walling-solutions portfolio. Its offerings include NXTBLOC AAC blocks, ZMARTBUILD WALL AAC wall panels, NXTFIX jointing mortar and NXTPLAST ready mix plaster, covering key stages from wall construction to finishing.

    The move towards wall panels is an extension of this approach. Rather than viewing walling as a single material decision, Bigbloc is focused on solutions that can work across manufacturing, installation and finishing. For developers and contractors, this creates an opportunity to look at walling as an integrated process, where product selection, dimensions, logistics and site execution are considered together.

    Proven AAC Experience Across Large Developments

    Bigbloc’s AAC blocks have been used across major developments including Lodha Group’s World One, L&T’s Crescent Bay and Palava Township. These applications demonstrate the relevance of lightweight AAC construction across high-rise and large integrated developments. The company’s experience in AAC provides a foundation as it expands its focus towards prefabricated walling solutions.

    A More Resource-Efficient Approach to Construction

    AAC is also relevant to the broader conversation around resource-efficient construction. Its lightweight characteristics can contribute to lower walling weight, while its thermal insulation properties can support energy-efficiency objectives. The use of fly ash in AAC production can also reduce dependence on conventional raw materials. Bigbloc has also registered an AAC block project under Verra’s Verified Carbon Standard.

    As sustainability expectations become increasingly integrated into construction decisions, solutions that combine productivity with resource efficiency are gaining attention. For walling, this means evaluating not only the material itself but also how much labour, handling, waste and on-site activity are required to complete the wall.

    Mohit Saboo, Director & CFO, Bigbloc Construction Limited, said:

    “The next phase of walling is about more than replacing one material with another. It is about making the entire process more predictable—from how a wall is designed and manufactured to how it reaches the site and is installed. AAC wall panels give developers and contractors the ability to bring greater prefabrication, dimensional planning and execution efficiency into the walling process. At Bigbloc, our focus is on developing solutions that respond to these changing requirements while building on our experience in AAC construction.”

    Looking Ahead

    As India continues to build larger and more time-sensitive projects, the construction industry is likely to place greater emphasis on methods that combine speed, consistency and efficient site execution. AAC wall panels offer one route towards this evolution by moving a greater part of wall production into a controlled environment and bringing project-specific panels to site for installation.

    For Bigbloc, the opportunity is to take its established AAC expertise into the next stage of walling—where customised sizing, prefabrication, integrated products and planned installation come together. The shift from blocks to panels is therefore not simply a change in format; it represents a broader move towards making wall construction faster, more systematic and better aligned with the needs of India’s large-scale construction projects.

    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.

  • The Acme Universal Safezone 9 IPO is open for subscription on September 28, 2026, and closes on September 30, 2026

    The Acme Universal Safezone 9 IPO is open for subscription on September 28, 2026, and closes on September 30, 2026

    Expert Global Consultants Private Limited is the Book Running Lead Manager to the Issue.

    New Delhi [India], September 29: ACME UNIVERSAL SAFEZONE 9 LIMITED has announced its Initial Public Offering (“IPO”), opening on 28th September, 2026, with the Equity Shares proposed to be listed on the BSE SME platform

    • Total Issue Size: Issue of 50,60,800 Equity Shares
    • Price Band: ₹65 to ₹71 Per Share
    • Lot Size: 1,600 Equity Shares and in multiples thereof
    • Listing on: BSE SME
    • Issue Opens: 28th September, 2026
    • Issue Closes: 30th September, 2026
    • Listing on: 06th October, 2026

    ACME UNIVERSAL SAFEZONE 9 LIMITED

    • The Company is engaged in the manufacturing and supply of industrial safety footwear within the Personal Protective Equipment (PPE) segment.
    • It offers 15 product lines across EVA-rubber, Nitrile Rubber and PVC sole types, catering to diverse industrial safety requirements.
    • The Company operates four manufacturing facilities located across Madhya Pradesh and Uttar Pradesh.
    • It caters to sectors including construction, oil & gas, mining, heavy engineering, automotive, pharmaceuticals, chemical processing, foundry and power generation.
    • The Company distributes its products through direct institutional sales, regional distributors & dealers, and digital & e-commerce channels, supported by channel-partner warehousing at 40+ locations across India.
    • It also exports its products to multiple international markets across the Middle East, Europe, Africa and Asia.
    • The Company leverages ICad3D technology for product design and visualisation and SAP S/4 HANA for enterprise resource planning across its manufacturing operations.

    “The proposed IPO represents an important milestone in ACME’s journey of over three decades in the industrial safety footwear industry. Since beginning our operations in 1994, we have focused on building manufacturing capabilities, expanding our product portfolio and serving customers across diverse industrial sectors. The IPO will support our plans to strengthen our manufacturing capabilities and working capital position as we continue to pursue the next phase of growth.”

    Promoter & Managing Director
    -Mr. Nitin Tiwari,

    Size of the Issue: Tentative issue size is Rs. 36 crores (calculated at cap price)

    Objects of the Issue:

    • Capital expenditure towards installation of additional machinery
    • Capital expenditure for the installation of solar power plant
    • Incremental working capital requirements of the Company

    Issue Structure

    Category Share Reservation
    Fresh Issue Shares 50,60,800
    Market Maker Portion Up to 2,54,400 Equity Shares
    QIB Portion Not more than 23,98,400 Equity Shares
    – Anchor Investor Portion Up to 14,38,400 Equity Shares
    – Net QIB (Mutual Funds & Others) Up to 9,60,000 Equity Shares
    Non-Institutional Investors (NII) Not less than 7,24,800 Equity Shares
    Individual Investors (Retail) Not less than 16,83,200 Equity Shares

    Key Revenue Matrix:

    Financials (₹ in Lakhs)

    Particulars FY24 FY25 FY26
    Revenue From Operations 17,894.40 18,735.58 20,590.31
    EBITDA 1,455.08 984.89 1,515.19
    EBITDA (%) 8.13% 5.26% 7.36%
    PAT 756.48 80.42 585.73
    PAT (%) 4.23% 0.43% 2.84%

    Disclaimer: ACME UNIVERSAL SAFEZONE 9 LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offering of its Equity Shares and has filed the Red Herring Prospectus with the Registrar of Companies (ROC), Gujarat, and thereafter with SEBI and the Stock Exchange. The Red Herring Prospectus is available on the website of the Book Running Lead Manager at www.expertglobal.in, and the Company at www.acmeuniversal9.com. Any potential investors should note that investment in equity shares involves a high degree of risk; for details relating to the same, please refer to the Red Herring Prospectus, including the section titled “Risk Factors”. Further, each Applicant, where required, agrees that such Applicant will not sell or transfer any Equity Shares or create any economic interest therein, including any offshore derivative instruments, such as participatory notes, issued against the Equity Shares or any similar security, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable laws and legislation in each jurisdiction, including India.