Jash Engineering's subsidiary Shivpad Engineers begins commercial production at new plant in Tamil Nadu
Jash Engineering Limited has officially announced the commencement of commercial production at the newly established manufacturing facility of its wholly owned subsidiary, Shivpad Engineers Pvt. Ltd. The new plant is located at Plot No. G-18/1, SIPCOT Industrial Park, Vallam Vadagal, Palnallur Village, Sriperumbudur, Kanchipuram – 602105, Tamil Nadu.
According to the company's regulatory filing under SEBI (LODR) Regulations, the production at the facility began on August 1, 2025. This strategic expansion marks a significant milestone for Jash Engineering as it strengthens its manufacturing footprint and enhances its capacity to serve both domestic and global markets.
In the exchange filings, the company shared, 'We wish to inform you that Commercial Production of Shivpad Engineers Pvt Ltd. our wholly Owned Subsidiary at its newly set-up plant situated at PLOT NO. G-18/1, SIPCOT INDUSTRIAL PARK, VALLAM VADAGAL, PALNALLUR VILLAGE, SRIPERUMBUDUR, KANCHIPURAM602105 has commenced w.e.f. 1 st August 2025.'
The new unit is expected to boost operational efficiency and cater to increasing demand in the infrastructure and engineering sectors.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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UNAUDITED NON-GAAP FINANCIAL MEASURES The presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, and Free Cash Flow are not measures of financial performance under Generally Accepted Accounting Principles in the United States ('GAAP'). These non-GAAP measures should be considered only as supplements to, and should not be considered in isolation or used as a substitute for, financial information prepared in accordance with GAAP. Management believes these non-GAAP measures, when read in conjunction with our consolidated financial statements prepared in accordance with GAAP and the reconciliations herein to the most directly comparable GAAP measures, provide useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company. 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Expand AMENTUM HOLDINGS, INC. UNAUDITED PRO FORMA NON-GAAP FINANCIAL MEASURES The presentation and discussion of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income, Pro Forma Adjusted Diluted EPS, and Net Leverage are not measures of financial performance under Generally Accepted Accounting Principles in the United States ('GAAP'). These non-GAAP measures should be considered only as supplements to, and should not be considered in isolation or used as a substitute for, financial information prepared in accordance with GAAP. Management believes these non-GAAP measures, when read in conjunction with our consolidated financial statements prepared in accordance with GAAP and the reconciliations herein to the most directly comparable GAAP measures, provide useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company. 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Loss on extinguishment of debt – Represents the write-off of debt discount and debt issuance costs as a result of debt modifications. Utilization of certain fair market value adjustments assigned in purchase accounting – Represents the periodic utilization of the fair market value adjustments assigned to certain equity method investments and non-controlling interests based on the remaining period of performance for the related contract. Share-based compensation – Represents non-cash compensation expenses recognized for share based arrangements. Pro Forma Adjusted EBITDA Margin is defined as Pro Forma Adjusted EBITDA divided by Pro Forma Revenues. Pro Forma Adjusted Net Income is defined as pro forma net income attributable to common shareholders, which incorporates the results of CMS prepared in accordance with the requirements of Article 11 of Regulation S-X, excluding the discrete pro forma items listed under Pro Forma Adjusted EBITDA and the related pro forma tax impacts. Pro Forma Adjusted Diluted EPS is defined as Pro Forma Adjusted Net Income divided by pro forma diluted weighted average number of common shares outstanding. Net Leverage is defined as GAAP total debt (excluding unamortized original issue discount and deferred financing costs) less cash and cash equivalents, divided by last twelve months Pro Forma Adjusted EBITDA, which is a non- GAAP measure. For FY25 Q3, Net Leverage was 3.5x, consisting of $4,560 million of total debt less $738 million of cash and cash equivalents, divided by the last twelve months Pro Forma Adjusted EBITDA of $1,081 million. The following table presents the unaudited pro forma combined reconciliation of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income and Pro Forma Adjusted Diluted EPS to the most directly comparable pro forma measures for the Company, including CMS, for the three months ended June 28, 2024: For the Three Months Ended June 28, 2024 Revenues $ 3,490 $ — $ — $ — $ — $ — $ 3,490 Operating income $ 112 $ 9 $ 132 $ — $ — $ 2 $ 255 Non-operating expenses, net (83 ) — — 3 — — (80 ) Income before income taxes 29 9 132 3 — 2 175 Provision for income taxes 1 (9 ) (2 ) (31 ) (1 ) — — (43 ) Net income including non-controlling interests 20 7 101 2 — 2 132 Less: net income attributable to non-controlling interests (3 ) — — — (4 ) — (7 ) Net income (loss) attributable to common shareholders $ 17 $ 7 $ 101 $ 2 $ (4 ) $ 2 $ 125 Basic and diluted income (loss) per share attributable to common shareholders $ 0.07 $ 0.03 $ 0.41 $ 0.01 $ (0.02 ) $ 0.01 $ 0.51 Basic and diluted weighted average shares outstanding 243 243 243 243 243 243 243 Net income (loss) attributable to common shareholders $ 17 $ 7 $ 101 $ 2 $ (4 ) $ 2 $ 125 Net income margin 2 0.5 % 3.6 % Depreciation expense 9 — — — — — 9 Amortization of intangibles 132 — (132 ) — — — — Interest expense and other, net 80 — — — — — 80 Provision for income taxes 9 2 31 1 — — 43 EBITDA (non-GAAP) $ 247 $ 9 $ — $ 3 $ (4 ) $ 2 $ 257 EBITDA margin 7.1 % 7.4 % 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax deductible adjustment, unless the nature of the item requires application of specific tax treatment for related impacts. 2 - Calculated as net income attributable to common shareholders divided by revenues. Expand AMENTUM HOLDINGS, INC. UNAUDITED PRO FORMA NON-GAAP FINANCIAL MEASURES (in millions, except per share data and margin percentages) The following table presents the unaudited pro forma combined reconciliation of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income and Pro Forma Adjusted Diluted EPS to the most directly comparable pro forma measures for the Company, including CMS, for the nine months ended June 28, 2024: For the Nine Months Ended June 28, 2024 Pro Forma results Acquisition, transaction and integration costs Amortization of intangibles Loss on extinguishment of debt Utilization of fair market value adjustments Share-based compensation Pro Forma Non-GAAP results Revenues $ 10,293 $ — $ — $ — $ — $ — $ 10,293 Operating income $ 345 $ 20 $ 389 $ — $ — $ 7 $ 761 Non-operating expenses, net (250 ) — — 3 — — (247 ) Income before income taxes 95 20 389 3 — 7 514 Provision for income taxes 1 (4 ) (9 ) (110 ) (1 ) — — (124 ) Net income including non-controlling interests 91 11 279 2 — 7 390 Less: net income attributable to non-controlling interests (4 ) — — — (14 ) — (18 ) Net income (loss) attributable to common shareholders $ 87 $ 11 $ 279 $ 2 $ (14 ) $ 7 $ 372 Basic and diluted income (loss) per share attributable to common shareholders $ 0.36 $ 0.04 $ 1.15 $ 0.01 $ (0.06 ) $ 0.03 $ 1.53 Basic and diluted weighted average shares outstanding 243 243 243 243 243 243 243 Net income (loss) attributable to common shareholders $ 87 $ 11 $ 279 $ 2 $ (14 ) $ 7 $ 372 Net income margin 2 0.8 % 3.6 % Depreciation expense 29 — — — — — 29 Amortization of intangibles 389 — (389 ) — — — — Interest expense and other, net 247 — — — — — 247 Provision for income taxes 4 9 110 1 — — 124 EBITDA (non-GAAP) $ 756 $ 20 $ — $ 3 $ (14 ) $ 7 $ 772 EBITDA margin 7.3 % 7.5 % 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax deductible adjustment, unless the nature of the item requires application of specific tax treatment for related impacts. 2 - Calculated as net income attributable to common shareholders divided by revenues. 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Yahoo
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HK's Stablecoin Regime In Focus As Race With US Heats Up
Asian policymakers are pushing through stablecoin regulations to keep up with Washington's promotion of the sector under President Trump. Hong Kong's rules governing stablecoin issuers took effect in August. Animoca Brands Co-founder and Executive Chairman Yat Siu and CertiK Head of Capital Markets and Strategic Intelligence Esme Pau discuss their outlook for the industry with David Ingles on "Bloomberg: The China Show."
