Latest news with #PRO
The Hindu
06-07-2025
- Politics
- The Hindu
Two militants arrested, explosives recovered in Manipur
Security forces arrested two militants, including a woman, belonging to a proscribed outfit in Manipur's Thoubal and Imphal West districts, police said on Sunday (July 6, 2025). During search operations, arms and explosives were recovered from various parts of Chandel district, a senior officer said. A woman cadre of the banned Prepak (PRO) was apprehended from the Salungpham area in Thoubal on Saturday (July 5, 2025), while another member of the outfit was held from the Nagamapal area in Imphal West district, he said. Intelligence-based search operations and cordons are being widely carried out to apprehend those involved in extortion and criminal activities in the State, the officer said. Security forces recovered arms and ammunition from different locations in Chandel district on Friday (July 4, 2025), he said. The seized items include 12 rifles, four IEDs and four grenades, the officer said. Security forces have been conducting search operations in Manipur since ethnic violence broke out two years ago. More than 260 people have been killed and thousands rendered homeless in ethnic violence between Meiteis and Kuki-Zo groups since May 2023. The Centre had on February 13 imposed the President's rule in Manipur after Chief Minister N. Biren Singh resigned. The State Assembly, which has a tenure till 2027, has been put under suspended animation.
Time of India
05-07-2025
- Business
- Time of India
Bangalore Development Authority launches software system to speed up grievance redressal
Bengaluru: Bangalore Development Authority (BDA) has rolled out a three-tier software-based system for handling public requests, complaints and appeals. The initiative, led by BDA chairman NA Haris, aims to provide time-bound solutions to civic issues. Tired of too many ads? go ad free now The integrated public grievance redressal system (IPGRS), accessible through a web app, now allows citizens to lodge complaints online. Additionally, a citizen assistance cell has been set up, and grievances can also be submitted through a dedicated helpline (9483166622) from 10am to 6pm, or in person at BDA's PRO section. All complaints are documented and tracked through a token-based system that also provides SMS-based updates on the status and closure of the grievance. To ensure efficient implementation, BDA has designated its secretary as the nodal officer, special land acquisition officer (DSKL-6) as assistant nodal officer and PRO as coordinator. The redressal mechanism mandates a resolution or a formal response within 30 days. In cases where action cannot be taken due to BDA rules, an official endorsement is provided and the case is closed. If the complainant is not satisfied with the resolution, the issue is escalated to weekly public review meetings conducted every Thursday afternoon. These meetings are held zone-wise in the presence of both officials and citizens. A pilot meeting held on July 3 saw participation from 20 out of 30 applicants, with six complaints resolved on the spot and timelines assigned for the rest.
Economic Times
26-06-2025
- Business
- Economic Times
PRO FX Tech IPO opens for subscription: Check price band, issue size and other details
PRO FX Tech, a key player in India's premium AV distribution and custom installation space, will open its Rs 40.30 crore IPO for subscription today, June 26, 2025. The public issue, entirely a fresh equity offering of 46.32 lakh shares, is priced in the band of Rs 82 to Rs 87 per share. ADVERTISEMENT The IPO will remain open until June 30 with allotment expected on July 1 and a tentative listing scheduled on the NSE SME platform by July 3. At the upper end of the price band, the minimum investment for retail participants—one lot of 1,600 shares—comes. Established in 2006, PRO FX Tech has carved out a niche in the Indian AV landscape by distributing and showcasing international brands like Denon, Polk, and a growing network of showrooms and experience centres in cities such as Mumbai, Chennai, Bengaluru, and Coimbatore, the company is now betting on expansion with the IPO proceeds, earmarking funds for debt repayment, working capital, and new showroom PRO FX Tech is on a strong footing. For FY25, it clocked a 17% rise in revenue to Rs 130.05 crore and a 30% increase in PAT to Rs 12.24 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
23-06-2025
- Business
- Business Standard
PRO FX Tech Limited launches ₹40.30 crore IPO
HT Syndication New Delhi [India], June 23: PRO FX Tech Limited, engaged in the business of retail and distribution of specialized AV products used for home theatres, custom theatres and home automation systems, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO will open on June 26, 2025, and close on June 30, 2025, with a price band of ₹82 to ₹87 per equity share of face value ₹10 each. The issue comprises a fresh issue of 46,32,000 equity shares, aggregating to ₹40.30 crore at the upper price band. The issue is being managed by Hem Securities Limited. Cameo Corporate Services Limited is acting as the registrar to the issue. The minimum application lot is 1,600 equity shares. Allocation is as follows: -21,95,200 shares for Qualified Institutional Buyers (QIB) - 6,59,200 shares for Non-Institutional Investors (NII) - 15,37,600 shares for Retail Individual Investors (RII) - 2,40,000 shares for Market Makers Utilization of Proceeds: - Expansion of business operations including working capital - General corporate purposes Company Overview Founded in 2006 and headquartered in Bangalore, PRO FX Tech Limited specializes in customized AV solutions for residential and commercial spaces. It operates through 6 showrooms, 2 experience centres, and 28 service centres across 5 cities. Financial Highlights (FY25): - Revenue: ₹129.38 crore - EBITDA: ₹17.06 crore (13.19%) - PAT: ₹12.24 crore (9.41%) - ROE: 39.71% - ROCE: 43.58% - Debt/Equity: 0.06 Leadership - Mr. Manmohan Ganesh, Managing Director - Mr. Appadurai Manuel Santhana Joekumar, CFO Investor and Media Contact: Corporate Communications - PRO FX Tech Limited PROFX Global Theatre, Ground Floor, 84, Barton Centre, MG Road, Bangalore - 560001 - Email: info@ - Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. PRO FX Tech Limited does not undertake to update these statements publicly.
The Wire
23-06-2025
- Business
- The Wire
PRO FX Tech Limited launches Rs 40.30 crore IPO
New Delhi [India], June 23: PRO FX Tech Limited, engaged in the business of retail and distribution of specialized AV products used for home theatres, custom theatres and home automation systems, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO will open on June 26, 2025, and close on June 30, 2025, with a price band of ₹82 to ₹87 per equity share of face value ₹10 each. The issue comprises a fresh issue of 46,32,000 equity shares, aggregating to ₹40.30 crore at the upper price band. The issue is being managed by Hem Securities Limited. Cameo Corporate Services Limited is acting as the registrar to the issue. The minimum application lot is 1,600 equity shares. Allocation is as follows: • 21,95,200 shares for Qualified Institutional Buyers (QIB) • 6,59,200 shares for Non-Institutional Investors (NII) • 15,37,600 shares for Retail Individual Investors (RII) • 2,40,000 shares for Market Makers Utilization of Proceeds: • Expansion of business operations including working capital • General corporate purposes Company Overview Founded in 2006 and headquartered in Bangalore, PRO FX Tech Limited specializes in customized AV solutions for residential and commercial spaces. It operates through 6 showrooms, 2 experience centres, and 28 service centres across 5 cities. Highlights: • IPO opens on June 26, closes June 30 • With face value of ₹10 each, the price band is ₹82 to ₹87 per equity share • To support business expansion, working capital and general corporate purposes Financial Highlights (FY25): • Revenue: ₹129.38 crore • EBITDA: ₹17.06 crore (13.19%) • PAT: ₹12.24 crore (9.41%) • ROE: 39.71% • ROCE: 43.58% • Debt/Equity: 0.06 Leadership • Mr. Manmohan Ganesh, Managing Director • Mr. Appadurai Manuel Santhana Joekumar, CFO Investor and Media Contact: Corporate Communications – PRO FX Tech Limited PROFX Global Theatre, Ground Floor, 84, Barton Centre, MG Road, Bangalore – 560001 Email: info@ Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. PRO FX Tech Limited does not undertake to update these statements publicly. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
