Latest news with #PNN
Business Standard
3 days ago
- Business
- Business Standard
Swastika Castal Ltd, Known for High-Precision Aluminium Components, Opens IPO on 21st July 2025
PNN Mumbai (Maharashtra) [India], July 18: Swastika Castal Limited, one of the leading manufacturers of aluminium castings, Headquartered in Vadodara, Gujarat, the company is known for its expertise in sand casting, gravity die casting, and centrifugal casting, has announced the opening of its IPO on July 21, 2025, with a proposed issue size of ₹14.07 Crores, and the shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME). Equity Share Allocation * Market Maker - 1,10,000 Equity Shares * Retail Individual Investors (RII) - 10,28,000 Equity Shares * Others - 10,26,000 Equity Shares The net proceeds from the IPO will be utilised towards capital expenditure for the acquisition of plant & machinery and the construction of sheds & buildings, meeting working capital requirements, and general corporate purposes. The issue will open for public subscription on Monday, July 21, 2025, and close on Wednesday, July 23, 2025. Horizon Management Private Limited is the Lead Manager to the issue, and Accurate Securities & Registry Private Limited is the Registrar to the issue. Mr. Varun Sharda, Promoter and Managing Director of Swastika Castal Limited, expressed: "Swastika Castal Limited's entry into the capital markets marks a pivotal milestone in our journey of precision engineering, innovation, and global expansion. Over the years, we have established ourselves as a trusted manufacturer of high-precision aluminium castings, serving mission-critical industries across India, Europe, Japan, and the USA. With deep expertise in sand, gravity die, and centrifugal casting, supported by advanced manufacturing systems and ISO-certified processes, we deliver tailored, high-performance solutions to sectors like automotive, railways, power transmission, and oil & gas. Highlights: * Fresh Issue Size - 21,64,000 Equity Shares of ₹ 10 each * Issue Size - ₹ 14.07 Crores * Issue Price - ₹ 65 Per Share * Lot Size - 2,000 Equity Shares Our journey has been shaped by continuous investment in advanced machinery, skilled manpower, and rigorous testing systems that meet global quality standards. Guided by experienced leadership, we consistently provide reliable and precise solutions to diverse clients. The capital raised from this IPO will enable us to expand manufacturing infrastructure, enhance working capital, and strengthen our global presence. As we enter this new growth phase, we remain committed to creating lasting value and reinforcing Swastika Castal's reputation as a trusted leader in aluminium castings aligned with the 'Make in India' vision." Mr. Sanjay Dubey, Chief executive officer of Horizon Management Private Limited said, "The aluminium casting industry is poised for significant growth driven by increasing industrialization, infrastructure development, and rising demand in sectors such as automotive, railways, power transmission, and heavy machinery. Advances in manufacturing technologies and a push for higher precision and quality are further expanding the market potential both domestically and globally. In this context, companies that leverage technological innovation and maintain rigorous quality standards are best positioned to capitalize on the growing opportunities. Swastika Castal Limited, with its focus on precision engineering and commitment to quality, is well placed to benefit from these industry tailwinds. We are happy to be a part of Swastika Castal Limited's IPO journey and confident that the capital raised will help them strengthen their operational capabilities and scale their presence in a rapidly evolving market. This partnership represents an exciting opportunity to support a company poised for sustainable growth and value creation." About The Company: Swastika Castal Limited is one of leading manufacturers of aluminium castings, recognized for its expertise in a wide range of casting techniques including sand casting, gravity die casting, and centrifugal casting. Backed by a skilled technical team and ISO 9001:2008 certified processes, the company delivers consistent quality and customized solutions, earning the trust of multinational clients across the globe. Swastika supplies ready-to-use aluminium components to customers in India, Europe, Japan, and the USA, catering to critical sectors such as automotive, railways, textiles, electricals, and power transmission. Its robust manufacturing ecosystem, built on advanced technology, modern machinery, and rigorous testing infrastructure, has positioned the company as a globally competitive and trusted supplier in the aluminium casting industry. Through its focus on engineering excellence, operational precision, and customer-centric innovation, Swastika Castal continues to strengthen its presence in both domestic and international markets. In FY25 the company recorded a Revenue of ₹ 2,966.12 Lakhs, EBITDA of ₹ 455.46 Lakhs, and PAT of ₹ 263.49 Lakhs. 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.
Business Standard
4 days ago
- Business
- Business Standard
iiiEM, India's Top Export Import Institute, with 16+ Years of Excellence, Offers Program with Lifetime Free Support
PNN New Delhi [India], July 17: The International Institute of Import & Export Management (iiiEM), a leading name in global trade education since 2008. The Institute is thrilled to announce the launch of its upcoming Export Import batch, starting in August 2025. As India's premier institute for export-import training, iiiEM has transformed thousands of entrepreneurs and professionals into global trade titans through its unmatched practical training ecosystem. It operates from 15 active state-of-the-art centers across India and extends its influence to Bangladesh. With India aiming to grow its global trade, iiiEM's mission to "Build Exporters Worldwide" is making a big impact. Supported by its own export house, Manohar International, which ships to over 50+ countries, iiiEM offers real-world training that makes it India's go-to choice for learning international trade. "We want to help Indian entrepreneurs shine on the world stage," said Mr. Dipak Manohar, Founder and Director of iiiEM (International Institute of Import & Export Management), who runs successful export businesses himself. "Our program guides learners step-by-step to start their own exports with training from real exporters. iiiEM turns dreams into success." A Big Name with a Big Reach iiiEM's huge presence in export-import education stands out: * 15 Active Training Centers Across India: With centers in Ahmedabad, Mumbai, Bengaluru, Delhi, Kolkata, and more, iiiEM makes learning accessible nationwide. * Trusted by Top Companies: Graduates work with leading firms. iiiEM's ecosystem extends far beyond training: * Nationwide Accessibility: 15 active training centers across India, including major hubs like Ahmedabad, Mumbai, Bangalore, Delhi, and Kolkata. * Trusted by Industry Leaders: Graduates are well-placed in leading global trade firms. * Lifetime Mentorship: Continuous, personalized guidance from expert exporters ensures sustained long-term success. * Exclusive Career Opportunities: Access to a dedicated job portal connecting learners to prime global trade roles. * Comprehensive Resource Toolkit: Provides invaluable lists of exportable products, as well as essential embassy and Custom House Agent (CHA) contacts. * Flexible Learning Options: Students can re-attend sessions at any iiiEM center nationwide and benefit from flexible Zoom schedules designed for busy professionals. Practical Courses and Support The flagship foundational program in export import is engineered to equip learners for immediate export success. Offered both in-person at 15 active centers and online via Zoom, this program imparts crucial practical skills, including market research, product selection, buyer identification, and comprehensive support for their inaugural export shipment. * Export Import Management: Learn trade rules, paperwork, and strategies. * Shipping and Logistics Management: Understand shipping and supply chains. * Online Marketing and E-Commerce: Succeed in online trade platforms. * Custom Clearance and Freight Forwarding: Master logistics and compliance. iiiEM offers more than just courses: * Lifetime Mentorship: Get ongoing advice from expert exporters. * Job Portal: Visit to find trade career opportunities. * Resource Toolkit: Access lists of exportable products and embassy/CHA contacts. * Flexible Learning: Re-take classes at any center or join Zoom sessions that fit your schedule. Success Stories That Define Excellence iiiEM's legacy shines through its alumni, who have conquered markets worldwide. Mihir Mistry, an iiiEM graduate, successfully exported industrial mold tools to Canada, leveraging the institute's practical guidance. Other notable achievements include: * Shubham Singh: Shipped bearings to Dubai. * Aman Mittal: Exported ceramic tiles to the USA and Kenya. * Sunny Gupta: Sent stones to Malaysia. These triumphs reflect iiiEM's proven approach: real exporters mentoring real results. How iiiEM Makes It Happen iiiEM's success comes from its 10+ dedicated in-house departments, including Placement, Student Care, Programs, and Research, working together to deliver top-quality training. Hands-on activities like live trade practice, port visits, and trade fair exposure give learners real-world experience. iiiEM stands as the gem of India's export revolution, inviting entrepreneurs, professionals, and dreamers to seize their place in the global market.
Business Standard
4 days ago
- Business
- Business Standard
Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment
PNN New Delhi [India], July 17: Somany Ceramics Ltd., one of India's most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market. Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India's first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R & D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete admixtures, tile adhesives, protective coatings, grouts, sealants, and repair mortars, serving major institutional clients across North India. With its manufacturing base in Bahadurgarh, Durabuild has built a credible presence for over two decades. This acquisition marks a pivotal step in Somany's long-term strategy to transform into a total building solutions provider, offering products that not only elevate aesthetics but also strengthen the core of built structures. Durabuild will now operate under the flagship brand 'Somany', emerging as a strategic pillar within Somany's Home and Building Solutions vertical. India's construction chemicals market is on a strong growth trajectory. The waterproofing segment is currently estimated at USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2030, and the cement admixtures segment is expected to more than double to USD 1.9 billion by 2033. Speaking on the acquisition Mr. Abhishek Somany, Managing Director & CEO, Somany Ceramics, said "This acquisition is a strategic leap in our journey to become a full-spectrum building materials brand. Durabuild's technical heritage and institutional trust, combined with Somany's pan-India brand and distribution network, give us the right foundation to scale this business nationwide." Somany plans to deepen its footprint across India by building category awareness in selected segments of the construction chemical space. With this acquisition, Somany not only expands its product universe but also reinforces its brand promise - delivering both elegance and endurance to India's construction landscape. Grant Thorton Advisory Private Limited acted as the exclusive financial advisor for this transaction. About Somany Ceramics Limited: SOMANY Ceramics Limited (SCL) is one of the leading players in the ceramic industry in India and amongst the top 15 manufacturers in the world. The company is a complete solution provider in terms of decor solutions with the widest product selection of Ceramic Wall and Floor tiles, Polished Vitrified Tiles, Glazed Vitrified Tiles and Slabs, Sanitaryware, Bath Fittings, Adhesives, Grouts and Home & Building solutions. SOMANY has pan-India distribution across 12000+ retail points and has over 500 exclusive showrooms. It also exports to more than 80 countries across 6 continents. The company has a capacity to produce ~80 million square meters per annum of tiles through 2 company-owned plants, 5 strategic alliances, and tie-ups with outsourced partners spread across India. It also has manufacturing units for Sanitaryware, Bath fittings and Adhesives.
Business Standard
4 days ago
- Business
- Business Standard
Avance Technologies Limited Signs Non-Binding Term Sheet to Acquire a B2B Inventory Liquidation Marketplace www.Excess2Sell.com
PNN Mumbai (Maharashtra) [India], July 17: Avance Technologies Limited, a BSE-listed technology solutions provider, is pleased to announce that it has signed a nonbinding term sheet to acquire India's premier tech-enabled B2B overstock inventory liquidation marketplace The proposed acquisition is subject to due diligence and regulatory approvals. This strategic move marks Avance Technologies' entry into the high-potential, underpenetrated overstock inventory liquidation space, aimed at resolving one of the retail industry's most pressing challenges--unsold inventory. About: Founded with a mission to bridge the gap between excess inventory and value-conscious buyers, has developed a scalable platform that enables manufacturers, wholesalers, and retailers to liquidate surplus stock efficiently. The platform leverages smart pricing algorithms and consumer insights to maximize recovery value while offering customers high-quality products at discounted rates. Categories span electronics, fashion, home goods, and lifestyle products. How the Platform Works Excess2Sell provides a streamlined and tech-driven solution for businesses looking to liquidate, discover, and manage overstock inventory. Through its intuitive mobile application and web-based platform, users can register their business, complete KYC, and gain instant access to surplus inventory deals across various categories like electronics, fashion, home goods, and more. The app allows users to sell, buy, or make counter-offers, supported by real-time pricing tools and smart listing features. "Building on this vision, the proposed acquisition of Excess2Sell will enable Avance Technologies to integrate its robust technological infrastructure with a proven marketplace model, unlocking new avenues for growth in both B2B and B2C segments," -- Vijay Purohit, CFO of Avance Technologies Limited Disclosures, as required under applicable laws and regulations, will be made upon the occurrence of any material events or developments. About Avance Technologies Limited (ATL) Avance Technologies Limited ( specializes in the distribution of information technology (IT) products. The principal activities of the Company involve the resale of software and hardware. The company offers a wide range of services, including: * Digital Media Planning and Buying * Social Media Marketing * Mobile Apps Marketing * WhatsApp eCommerce * Video Creation and Marketing * Influencer Marketing * Content and Search Engine Optimization (SEO) Strategy * Marketing Automation * Performance Marketing * Market Research Artificial Intelligence * Blockchain * Internet of Things (IoT) * Cloud Services * Software Testing * Vulnerability Testing * SMS Marketing * WhatsApp Marketing In addition, the company provides services such as pay-per-click (PPC) advertising, content marketing, social media management, conversion rate optimization, and marketing automation. The Company's short code service enables users to receive text messages from customers and subsequently take actions based on the message's content. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Standard
4 days ago
- Entertainment
- Business Standard
'Nilgiris: A Shared Wilderness' Wildlife Documentary Film to Release in Theatres Nationwide
PNN Bangalore (Karnataka) [India], July 17: Nilgiris: A Shared Wilderness, a feature-length wildlife documentary film on India's first UNESCO Biosphere Reserve - the Nilgiris, will be released in theatres across India on July 18, 2025. Presented by Felis Films and Rohini Nilekani Philanthropies, and distributed nationwide by Dheeraj Films. The Nilgiris is the first feature-length wildlife documentary to receive a nationwide theatrical release. The film has already won multiple international awards and received acclaim for its cinematic excellence and storytelling. Directed by Emmy-nominated and BAFTA-winning filmmaker Sandesh Kadur, the film was shot in 8K resolution using the best of Sony Professional and RED cameras. It is a true cinematic celebration of the region's wildlife and landscapes. Speaking about the film, Rohini Nilekani, Executive Producer of the film and Chairperson of Rohini Nilekani Philanthropies, said, "With this film - Nilgiris: A Shared Wilderness, we hope to awaken people to the incredible beauty and biodiversity of this ancient and unique biosphere - the largest protected forest area in the country, now undergoing rapid change driven by human activity. If we wish to continue to conserve it, Samaaj, Sarkaarand Bazaar will have to work in unison to nurture this ecosystem. The documentary is a call to action for everyone who feels connected to these sacred landscapes." Sandesh Kadur, Director and Cinematographer of the film, said, "This is the story of a new wilderness, a mostly human-made landscape, where wildlife continues to adapt and thrive. Where else in the world can you have black leopards, gaur, sloth bears, etc., all living in a tea garden? Although it's in a constant state of change, it also shows nature's resilience and adaptability to survive the odds - if only we allow them the space to do so." Trailer: Releasing in: Bangalore, Chennai, Hyderabad, Mysore, Mangalore, Coimbatore, Ooty, Mumbai, Pune, Goa, Kochi, Trivandrum, Delhi, and other cities across India. As part of a nationwide education initiative, Nilgiris: A Shared Wilderness will also be screened through exclusive, discounted student shows across major cities. The initiative aligns with the NEP 2020 vision of encouraging experiential and environmental learning. "I urge school principals, teachers, and parents to bring children to the theatres for this special experience. When young minds witness the beauty of our land--its forests, animals, and landscapes--on the big screen, they are inspired to love, to learn, and to protect. Watching a wildlife film like this in a theatre is rare--and powerful. Unlike small screens, the big screen brings every detail to life. With its high-resolution imagery and immersive sound, it feels as if you're right inside the forest with the animals," says Rohini Nilekani, Executive Producer of Nilgiris: A Shared Wilderness. About Felis Creations A Panda Award-winning company, Felis Creations is a Bangalore-based natural history production house founded by Sandesh Kadur, a BAFTA-winning filmmaker and National Geographic Explorer. They specialise in producing high-quality wildlife and conservation documentaries for global platforms including National Geographic, BBC, Netflix, Apple, and Discovery. About Rohini Nilekani Rohini Nilekani is the Chairperson of Rohini Nilekani Philanthropies and Co-founder and Director of EkStep, a non-profit education platform. She is also the Founder and Former Chairperson of Arghyam, a foundation she set up in 2001 for sustainable water and sanitation, which funds initiatives across India. From 2004 to 2014, she was Founder-Chairperson and chief funder of Pratham Books, a non-profit children's publisher that reached millions of children during her tenure. She sits on the Board of Trustees of ATREE.
