Shruti Joshi – Page 7 – THE ECONOMIC INDIA

06 Feb

Standard Engineering Technology Limited Delivers Strong Q3 and 9M FY26 Performance

Shruti JoshiBusinessStandard Engineering Technology Limited

Hyderabad (Telangana) [India], February 05: Standard Engineering Technology Limited, formerly Standard Glass Lining Technology Limited, today announced its Q3 and Nine-Month FY26 results, marking a defining phase in the Company’s strategic evolution, financial growth, and long-term value creation journey. Financial Highlights: Key Highlights for 9M FY26 Financial Results Total Income stood at Rs. 562 crore, registering a 23.6% YoY growth EBITDA came in at Rs. 102 crore, up 11.9% YoY, with an EBITDA margin of 18.2% Profit Before Tax (PBT) is Rs. 83 crore, reflecting a 15.9% YoY increase Profit After Tax (PAT) is at Rs. 62 crore, up 18.8%…

06 Feb

Avani Institute of Design Successfully Hosts Avani Winter Workshop 2026, a Multi-Disciplinary Platform for Experimental Learning

Shruti JoshiBusinessAkhil Bhartiya Kshatriya Mahasabha, Ar. Tony Joseph, Architecture, Avani Institute of Design, Avani Winter Workshop, Kerala, Kozhikode

Kozhikode (Kerala) [India], February 05: Avani Institute of Design successfully concluded the Avani Winter Workshop 2026 (AWW 2026), held from January 17 to 19, 2026, marking three immersive days of multi-disciplinary exploration across architecture, design, art, material, performance, storytelling, and the built environment. The workshops were conducted across the Avani campus and select locations in Kerala. Conceived as an intensive learning platform, the Avani Winter Workshop brought together architects, designers, artists, filmmakers, performers, and researchers, engaging students in hands-on, process-driven explorations that went far beyond conventional classroom pedagogy. The initiative created a dynamic environment for learning through making, experimentation, and critical inquiry. The…

05 Feb

Travels and Rentals Ltd Announces Rs 16.80 Crore Rights Issue; Record Date Set for Jan 28

Shruti JoshiBusiness#BusinessNews, #CapitalRaising, #EquityMarkets, #StockMarketIndia, #TravelsAndRentalsLtd

Mumbai (Maharashtra) [India], February 05: Travels & Rentals Limited, a BSE SME-listed travel services company, has announced a Rights Issue worth Rs 16.80 crore, aimed at strengthening its working capital position and supporting general corporate requirements. The company’s rights issue will open on February 5, 2026 and close on March 6, 2026, as per information shared by the company. The record date for determining eligible shareholders has been fixed as January 28, 2026. The issue will be offered in the ratio of 1:1, meaning shareholders will be entitled to apply for one equity share for every one equity share held as on the record date. Issue…

05 Feb

Patel Retail Limited Delivers Strong Q3 FY26 Performance with 36 Percent Revenue Growth and 96 Percent Surge in Profit

Shruti JoshiBusiness96 Percent Surge in Profit, Patel Retail, Revenue Growth

Mumbai (Maharashtra) [India], February 05: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and food processing company, announced its Unaudited Financial Results for Q3 and 9MFY26. Key Financial Highlights Key Financial Highlights Q3 FY26 Total Income of ₹ 311.12 Cr, YoY growth of 35.51% EBITDA of ₹ 24.91 Cr, YoY growth of 63.59% EBITDA Margin of 8.01%, YoY growth of 137 Bps PAT of ₹ 12.00 Cr, YoY growth of 95.89% PAT Margin of 3.86%, YoY growth of 119 Bps EPS of ₹ 3.59, YoY growth of 44.18% Key Financial Highlights 9M FY26 Total Income of ₹…

05 Feb

MFins Services Records Strong Growth in Solar and EV Charging Business, Expands Pan-India Footprint

Shruti JoshiBusinessMFins Services

Mumbai (Maharashtra) [India], February 05: MFins Services Pvt. Ltd. has reported strong growth across its solar energy vertical, driven by rising adoption of renewable energy solutions among residential, commercial, and industrial customers. The company has witnessed significant traction in on-grid, off-grid, and hybrid solar installations, alongside growing demand for EV charging infrastructure across key Indian markets. Over the past year, MFins has expanded its execution capabilities as an EPC (Engineering, Procurement and Construction) partner, delivering end-to-end solar solutions including system design, engineering, installation, commissioning, net-metering support, and long-term operations and maintenance. This integrated approach has enabled faster project execution and…

05 Feb

Presstonic Engineering announces INR 26.98-crore rights issue to fund working capital, reduce borrowings

Shruti JoshiBusiness#CorporateNews, #InvestorUpdate, #PresstonicEngineering, #RightsIssue, #StockMarketIndia, #WorkingCapital

Presstonic Engineering Limited Mumbai (Maharashtra) [India], February 05: Presstonic Engineering Limited, an NSE-listed company engaged in the manufacturing of metro rail rolling stock products, metro rail signalling products, and infrastructure products, has announced a ₹26.98-crore Rights Issue as part of its plan to strengthen the balance sheet and support business expansion. The company, which was listed on the NSE EMERGE platform on December 18, 2023, supplies critical components to reputed global and domestic OEMs involved in the manufacturing and servicing of rail and metro rolling stock and signalling equipment. Issue details: 1:1 rights offer at ₹35 per share As per…

05 Feb

ZXX Enters India’s Beauty Market with a Simplified, Salon-Grade Haircare System for Everyday Use

Shruti JoshiBusinessBeauty Industry, D2C Beauty Brands, Haircare Market, Indian Consumer Market, Salon-Grade Products

New Delhi [India], February 05: A new Indian beauty brand is entering the market with a deliberately focused approach and a clear proposition: make professional-quality haircare easier, more affordable, and practical for everyday life. ZXX (pronounced as Zed X), a homegrown beauty brand built on the philosophy “Zeal to Xtraordinary Xcellence,” has officially launched its first product range in India. Rather than introducing a wide portfolio, the brand is debuting with a single, tightly curated haircare system designed to address multiple hair needs through one routine. The launch marks ZXX’s entry into the beauty space with an emphasis on accessible luxury salon-grade performance delivered…

05 Feb

Grover Jewells Limited IPO opens February 4th 2026 aims to fund working capital and growth plans

Shruti JoshiBusiness#GroverJewells, #JewelleryIndustry, #WholesaleJewellery

New Delhi [India], February 05: Grover Jewells Limited, a Delhi-based gold jewellery manufacturer and wholesaler, is set to open its Initial Public Offering (IPO) on the NSE Emerge platform from February 4 to February 6, 2026, with a price band of ₹83–₹88 per share. The company plans to raise ₹33.83 crore through the issue, as it looks to strengthen its working capital cycle and support corporate expansion. According to the company’s investor presentation, Grover Jewells operates a fully integrated manufacturing setup in Delhi and caters largely to the wholesale (B2B) segment, while also taking steps to increase its retail (B2C) presence. The…

04 Feb

Jashn Realty Announces Rs. 3,200 Crore Strategic Investment Plan and Accelerated Delivery Focus at Lucknow Press Conference

Shruti JoshiBusinessAccelerated Delivery Focus, Jashn Elevate, Jashn Realty, Lucknow Press Conference, Lucknow’s fast-emerging real estate, Real Estates, Strategic Investment Plan

Lucknow (Uttar Pradesh) [India], February 04: Jashn Realty, one of Lucknow’s fast-emerging real estate developers, held a high-profile press conference in the city, outlining its ambitious growth roadmap and reinforcing its commitment to fastest-in-class project delivery. Addressing leading media houses and industry stakeholders, Mr. Rahul Aggarwal, Managing Director, Jashn Realty, announced that the company plans to invest approximately ₹3,200 crore over the next three years to strengthen its development pipeline, execution capabilities, and customer-centric delivery systems. Speaking at the press conference, Mr. Aggarwal emphasized that timely and accelerated delivery remains the company’s foremost priority. “In today’s real estate market, delivery is…

04 Feb

Ducon’s Early Carbon Capture Strategy Receives Policy Validation as India Accelerates CCUS Deployment

Shruti JoshiBusinessCarbon Capture Strategy, CCUS Deployment, Ducon

Mumbai (Maharashtra) [India], February 04: Ducon Infratechnologies Limited (NSE- DUCON | BSE- 534674 | INE741L01018). For years, Ducon Infratechnologies has been betting big on a cleaner future, quietly refining its solvent-based carbon capture R&D while the rest of the industry watched from the sidelines. That gamble just paid off. With the unveiling of the Union Budget 2026–27, the Indian government has signaled a massive shift in the nation’s energy landscape, proposing a staggering ₹20,000 crore outlay over the next five years to fast-track Carbon Capture, Utilisation, and Storage (CCUS) technologies. This policy landmark doesn’t just validate Ducon’s long-standing vision—it sets the stage…