Business
- Business2 hours ago
Empower India Limited Expands into Digital Solar Solutions to Capture India’s Fast-Growing Renewable Energy Market
Strategic Move Aims to Unlock Renewable Energy Access for Millions of Consumers in India’s Rapidly Expanding 150+ GW Solar Ecosystem Mumbai (Maharashtra) [India], June 23: As India accelerates toward a renewable energy future backed by an estimated US$200 billion+ investment opportunity, over 150 GW of installed solar capacity, and a government target of 1 crore solar-powered households, Empower India Limited (NSE: EMPOWER, BSE: 504351) has announced its strategic expansion into next-generation Digital Solar solutions. This initiative aims to democratize access to renewable energy while supporting India’s growing energy needs, strengthening long-term energy security, and accelerating the country’s transition toward a sustainable and domestically powered future. Addressing the Market Gap While India advances its clean-energy ambitions, many consumers and businesses remain unable to participate in the solar revolution due to barriers such as a lack of rooftop ownership, inadequate installation space, high upfront capital requirements, and the complexities of managing solar infrastructure. Recognizing this, Empower India is evaluating innovative solar-access models designed to enable a wider section of society to benefit from renewable energy without the traditional hurdles of ownership. This initiative represents a strategic evolution of the Company’s existing expertise in renewable energy, solar solutions, and power infrastructure. Tapping into a Multi-Decade Growth Opportunity India’s transition toward sustainable energy is creating one of the largest infrastructure opportunities in the country’s history, with over US$200 billion in investment expected in the coming years. With the country having already surpassed 150 GW of installed solar capacity and the government’s PM Surya Ghar initiative targeting 1 crore households, the scale of the opportunity is significant. Empower India believes the next phase of growth will be driven by solutions
- Business2 hours ago
Empower India Limited Expands into Digital Solar Solutions to Capture India’s Fast-Growing Renewable Energy Market
Strategic Move Aims to Unlock Renewable Energy Access for Millions of Consumers in India’s Rapidly Expanding 150+ GW Solar Ecosystem Mumbai (Maharashtra) [India], June 23: As India accelerates toward a renewable energy future backed by an estimated US$200 billion+ investment opportunity, over 150 GW of installed solar capacity, and a government target of 1 crore solar-powered households, Empower India Limited (NSE: EMPOWER, BSE: 504351) has announced its strategic expansion into next-generation Digital Solar solutions. This initiative aims to democratize access to renewable energy while supporting India’s growing energy needs, strengthening long-term energy security, and accelerating the country’s transition toward a sustainable and domestically powered future. Addressing the Market Gap While India advances its clean-energy ambitions, many consumers and businesses remain unable to participate in the solar revolution due to barriers such as a lack of rooftop ownership, inadequate installation space, high upfront capital requirements, and the complexities of managing solar infrastructure. Recognizing this, Empower India is evaluating innovative solar-access models designed to enable a wider section of society to benefit from renewable energy without the traditional hurdles of ownership. This initiative represents a strategic evolution of the Company’s existing expertise in renewable energy, solar solutions, and power infrastructure. Tapping into a Multi-Decade Growth Opportunity India’s transition toward sustainable energy is creating one of the largest infrastructure opportunities in the country’s history, with over US$200 billion in investment expected in the coming years. With the country having already surpassed 150 GW of installed solar capacity and the government’s PM Surya Ghar initiative targeting 1 crore households, the scale of the opportunity is significant. Empower India believes the next phase of growth will be driven by solutions
- Business2 hours ago
Sumeet Industries Limited’s Rs. 199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project
Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares. The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalization of an additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr, with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations. Key Terms of Rights Issue: Rights Issue Size: ₹199.75 Cr Shares Offered: 16.84 Cr Equity Shares Issue Price: ₹11.86 Per Share Face Value: ₹2 Per Share Entitlement Ratio: 8 Rights Shares for every 25 Shares Held Record Date: June 12, 2026 Issue Opens: June 22, 2026 Last Date for Renunciation: July 15, 2026 Issue Closes: July 20, 2026 Proposed Utilisation of Net Proceeds (₹194.90 Cr): Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials. Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited. Debt Repayment (₹23.00 Cr): To prepay existing bo
- Business2 hours ago
Sumeet Industries Limited’s Rs. 199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project
Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares. The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalization of an additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr, with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations. Key Terms of Rights Issue: Rights Issue Size: ₹199.75 Cr Shares Offered: 16.84 Cr Equity Shares Issue Price: ₹11.86 Per Share Face Value: ₹2 Per Share Entitlement Ratio: 8 Rights Shares for every 25 Shares Held Record Date: June 12, 2026 Issue Opens: June 22, 2026 Last Date for Renunciation: July 15, 2026 Issue Closes: July 20, 2026 Proposed Utilisation of Net Proceeds (₹194.90 Cr): Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials. Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited. Debt Repayment (₹23.00 Cr): To prepay existing bo
- Business2 hours ago
Sumeet Industries Limited’s Rs. 199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project
Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares. The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalization of an additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr, with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations. Key Terms of Rights Issue: Rights Issue Size: ₹199.75 Cr Shares Offered: 16.84 Cr Equity Shares Issue Price: ₹11.86 Per Share Face Value: ₹2 Per Share Entitlement Ratio: 8 Rights Shares for every 25 Shares Held Record Date: June 12, 2026 Issue Opens: June 22, 2026 Last Date for Renunciation: July 15, 2026 Issue Closes: July 20, 2026 Proposed Utilisation of Net Proceeds (₹194.90 Cr): Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials. Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited. Debt Repayment (₹23.00 Cr): To prepay existing bo
- Business2 hours ago
Marketing Bhaiyaa: A New-Age Political Communication Firm Built on Storytelling
New Delhi [India], June 23 : In a political landscape shaped by digital platforms, visual content and real-time public engagement, communication is no longer limited to campaign slogans or advertisements. It requires strategic clarity, creative execution and a strong understanding of people. “In today’s world, attention is the new battleground. Leaders who communicate with authenticity, clarity and emotion create lasting impact. Narratives do not just shape campaigns, they shape history.” – Gourav Dhingra, Founder & Creative Director, Marketing Bhaiyaa. Marketing Bhaiyaa is a new-age political communication and content production firm that works at the intersection of politics, governance, media and storytelling. Founded by young professionals with experience in campaign communication, filmmaking and digital media, the organisation supports political leaders, public representatives and institutions in communicating ideas with clarity and relevance. Led by Founder and Creative Director Gourav Dhingra, Marketing Bhaiyaa brings a creative, people-centric approach to political communication. With over six years of experience in media, theatre, direction and storytelling, Gourav has worked on communication projects that combine political understanding with cinematic treatment and audience-focused messaging. Beyond elections, Marketing Bhaiyaa has developed a growing portfolio in governance communication. The team has directed and produced more than 100 documentary and public-interest films focused on development initiatives, citizen experiences, public welfare programmes and governance outcomes. These projects have helped present complex policy interventions in a format that is accessible, relatable and visually engaging. What sets Marketing Bhaiyaa apart is its narrative-led approach. The firm does not treat communication as a collection of individual posters, videos or social media posts. Instead, it develops a cohesive communication framework in which every
- Business2 hours ago
Marketing Bhaiyaa: A New-Age Political Communication Firm Built on Storytelling
New Delhi [India], June 23 : In a political landscape shaped by digital platforms, visual content and real-time public engagement, communication is no longer limited to campaign slogans or advertisements. It requires strategic clarity, creative execution and a strong understanding of people. “In today’s world, attention is the new battleground. Leaders who communicate with authenticity, clarity and emotion create lasting impact. Narratives do not just shape campaigns, they shape history.” – Gourav Dhingra, Founder & Creative Director, Marketing Bhaiyaa. Marketing Bhaiyaa is a new-age political communication and content production firm that works at the intersection of politics, governance, media and storytelling. Founded by young professionals with experience in campaign communication, filmmaking and digital media, the organisation supports political leaders, public representatives and institutions in communicating ideas with clarity and relevance. Led by Founder and Creative Director Gourav Dhingra, Marketing Bhaiyaa brings a creative, people-centric approach to political communication. With over six years of experience in media, theatre, direction and storytelling, Gourav has worked on communication projects that combine political understanding with cinematic treatment and audience-focused messaging. Beyond elections, Marketing Bhaiyaa has developed a growing portfolio in governance communication. The team has directed and produced more than 100 documentary and public-interest films focused on development initiatives, citizen experiences, public welfare programmes and governance outcomes. These projects have helped present complex policy interventions in a format that is accessible, relatable and visually engaging. What sets Marketing Bhaiyaa apart is its narrative-led approach. The firm does not treat communication as a collection of individual posters, videos or social media posts. Instead, it develops a cohesive communication framework in which every
- Business2 hours ago
Marketing Bhaiyaa: A New-Age Political Communication Firm Built on Storytelling
New Delhi [India], June 23 : In a political landscape shaped by digital platforms, visual content and real-time public engagement, communication is no longer limited to campaign slogans or advertisements. It requires strategic clarity, creative execution and a strong understanding of people. “In today’s world, attention is the new battleground. Leaders who communicate with authenticity, clarity and emotion create lasting impact. Narratives do not just shape campaigns, they shape history.” – Gourav Dhingra, Founder & Creative Director, Marketing Bhaiyaa. Marketing Bhaiyaa is a new-age political communication and content production firm that works at the intersection of politics, governance, media and storytelling. Founded by young professionals with experience in campaign communication, filmmaking and digital media, the organisation supports political leaders, public representatives and institutions in communicating ideas with clarity and relevance. Led by Founder and Creative Director Gourav Dhingra, Marketing Bhaiyaa brings a creative, people-centric approach to political communication. With over six years of experience in media, theatre, direction and storytelling, Gourav has worked on communication projects that combine political understanding with cinematic treatment and audience-focused messaging. Beyond elections, Marketing Bhaiyaa has developed a growing portfolio in governance communication. The team has directed and produced more than 100 documentary and public-interest films focused on development initiatives, citizen experiences, public welfare programmes and governance outcomes. These projects have helped present complex policy interventions in a format that is accessible, relatable and visually engaging. What sets Marketing Bhaiyaa apart is its narrative-led approach. The firm does not treat communication as a collection of individual posters, videos or social media posts. Instead, it develops a cohesive communication framework in which every
- Business2 hours ago
Kratikal Tech Limited IPO Opens on June 30, 2026
Mumbai (Maharashtra) [India], June 23: Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company, proposes to open its Initial Public Offering on June 30, 2026, aiming to raise ₹ 39.69 Crores (at upper price band) with shares to be listed on the BSE SME. The issue size is 29,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 128 – ₹ 135 Per Share. Equity Share Allocation QIB Anchor Portion – Upto 8,31,000 Equity Shares Qualified Institutional Buyer – Not more than 5,58,000 Equity Shares Non-Institutional Investors – Not less than 4,23,000 Equity Shares Individual Investors – Not less than 9,78,000 Equity Shares Market Maker – Up to 1,50,000 Equity Shares The net proceeds from the IPO will be utilized for Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources, Investment in product development, and general corporate purposes. The anchor portion will open on Monday, June 29, 2026. The Issue will open on Tuesday, June 30, 2026 and will close on Thursday, July 02, 2026. The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & KFin Technologies Limited is Registrar to the Issue. Mr. Pavan Kumar, Chairman, Managing Director & CEO of Kratikal Tech Limited expressed, “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats. The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects. The proceeds from the
- Business2 hours ago
Kratikal Tech Limited IPO Opens on June 30, 2026
Mumbai (Maharashtra) [India], June 23: Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company, proposes to open its Initial Public Offering on June 30, 2026, aiming to raise ₹ 39.69 Crores (at upper price band) with shares to be listed on the BSE SME. The issue size is 29,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 128 – ₹ 135 Per Share. Equity Share Allocation QIB Anchor Portion – Upto 8,31,000 Equity Shares Qualified Institutional Buyer – Not more than 5,58,000 Equity Shares Non-Institutional Investors – Not less than 4,23,000 Equity Shares Individual Investors – Not less than 9,78,000 Equity Shares Market Maker – Up to 1,50,000 Equity Shares The net proceeds from the IPO will be utilized for Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources, Investment in product development, and general corporate purposes. The anchor portion will open on Monday, June 29, 2026. The Issue will open on Tuesday, June 30, 2026 and will close on Thursday, July 02, 2026. The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & KFin Technologies Limited is Registrar to the Issue. Mr. Pavan Kumar, Chairman, Managing Director & CEO of Kratikal Tech Limited expressed, “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats. The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects. The proceeds from the
- Business2 hours ago
Kratikal Tech Limited IPO Opens on June 30, 2026
Mumbai (Maharashtra) [India], June 23: Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company, proposes to open its Initial Public Offering on June 30, 2026, aiming to raise ₹ 39.69 Crores (at upper price band) with shares to be listed on the BSE SME. The issue size is 29,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 128 – ₹ 135 Per Share. Equity Share Allocation QIB Anchor Portion – Upto 8,31,000 Equity Shares Qualified Institutional Buyer – Not more than 5,58,000 Equity Shares Non-Institutional Investors – Not less than 4,23,000 Equity Shares Individual Investors – Not less than 9,78,000 Equity Shares Market Maker – Up to 1,50,000 Equity Shares The net proceeds from the IPO will be utilized for Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources, Investment in product development, and general corporate purposes. The anchor portion will open on Monday, June 29, 2026. The Issue will open on Tuesday, June 30, 2026 and will close on Thursday, July 02, 2026. The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & KFin Technologies Limited is Registrar to the Issue. Mr. Pavan Kumar, Chairman, Managing Director & CEO of Kratikal Tech Limited expressed, “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats. The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects. The proceeds from the
- Business2 hours ago
Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI
New Delhi [India], June 23 : IJ Kakehashi Services Pvt. Ltd. (Head Office: Delhi, India; Managing Director: Sanjay Kumar Panda; hereinafter “IJK”) is proud to announce its participation as a founding shareholder in a Joint Venture company to be established in New Delhi, India, along with Kodansha Ltd. (Head Office: Tokyo; President & Representative Director: Yoshinobu Noma) and Dai Nippon Printing Co. Ltd. (Head Office: Tokyo; President: Yoshinari Kitajima; hereinafter “DNP”). Kodansha’s Indian entity will start operation by autumn 2026 and carry out marketing, manufacturing, and publishing activities for Kodansha’s manga and other content, creating affordable localized editions for the Indian market. This marks a significant milestone as it will be for the first time that a Japanese leading general publishing company will be establishing its local subsidiary in India. IJK brings to this venture its rich expertise of working for over two decades in the space of India-Japan business linkages. IJK will serve as the on-ground operational partner, facilitating the seamless introduction of Kodansha’s world-renowned titles to Indian readers. India’s rapidly growing population and expanding middle class have nurtured an enthusiastic and fast-growing fan base for Japanese manga and content, particularly amongst the younger population. Popular titles such as “Attack on Titan” and “Blue Lock” are among the Kodansha titles that will be made available. “We are honored to partner with leading Japanese companies, Kodansha and DNP, in this historic venture. India has one of the world’s most vibrant and youthful readerships, and the enthusiasm for Japanese manga here is extraordinary. Kodansha’s books such as “Totto Chan” and the Mottainai Grandma series are already popular in India, and IJK has been a part of this journey. This is a bridge between two great cultures of storyte
- Business2 hours ago
Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI
New Delhi [India], June 23 : IJ Kakehashi Services Pvt. Ltd. (Head Office: Delhi, India; Managing Director: Sanjay Kumar Panda; hereinafter “IJK”) is proud to announce its participation as a founding shareholder in a Joint Venture company to be established in New Delhi, India, along with Kodansha Ltd. (Head Office: Tokyo; President & Representative Director: Yoshinobu Noma) and Dai Nippon Printing Co. Ltd. (Head Office: Tokyo; President: Yoshinari Kitajima; hereinafter “DNP”). Kodansha’s Indian entity will start operation by autumn 2026 and carry out marketing, manufacturing, and publishing activities for Kodansha’s manga and other content, creating affordable localized editions for the Indian market. This marks a significant milestone as it will be for the first time that a Japanese leading general publishing company will be establishing its local subsidiary in India. IJK brings to this venture its rich expertise of working for over two decades in the space of India-Japan business linkages. IJK will serve as the on-ground operational partner, facilitating the seamless introduction of Kodansha’s world-renowned titles to Indian readers. India’s rapidly growing population and expanding middle class have nurtured an enthusiastic and fast-growing fan base for Japanese manga and content, particularly amongst the younger population. Popular titles such as “Attack on Titan” and “Blue Lock” are among the Kodansha titles that will be made available. “We are honored to partner with leading Japanese companies, Kodansha and DNP, in this historic venture. India has one of the world’s most vibrant and youthful readerships, and the enthusiasm for Japanese manga here is extraordinary. Kodansha’s books such as “Totto Chan” and the Mottainai Grandma series are already popular in India, and IJK has been a part of this journey. This is a bridge between two great cultures of storyte
- Business2 hours ago
Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI
New Delhi [India], June 23 : IJ Kakehashi Services Pvt. Ltd. (Head Office: Delhi, India; Managing Director: Sanjay Kumar Panda; hereinafter “IJK”) is proud to announce its participation as a founding shareholder in a Joint Venture company to be established in New Delhi, India, along with Kodansha Ltd. (Head Office: Tokyo; President & Representative Director: Yoshinobu Noma) and Dai Nippon Printing Co. Ltd. (Head Office: Tokyo; President: Yoshinari Kitajima; hereinafter “DNP”). Kodansha’s Indian entity will start operation by autumn 2026 and carry out marketing, manufacturing, and publishing activities for Kodansha’s manga and other content, creating affordable localized editions for the Indian market. This marks a significant milestone as it will be for the first time that a Japanese leading general publishing company will be establishing its local subsidiary in India. IJK brings to this venture its rich expertise of working for over two decades in the space of India-Japan business linkages. IJK will serve as the on-ground operational partner, facilitating the seamless introduction of Kodansha’s world-renowned titles to Indian readers. India’s rapidly growing population and expanding middle class have nurtured an enthusiastic and fast-growing fan base for Japanese manga and content, particularly amongst the younger population. Popular titles such as “Attack on Titan” and “Blue Lock” are among the Kodansha titles that will be made available. “We are honored to partner with leading Japanese companies, Kodansha and DNP, in this historic venture. India has one of the world’s most vibrant and youthful readerships, and the enthusiasm for Japanese manga here is extraordinary. Kodansha’s books such as “Totto Chan” and the Mottainai Grandma series are already popular in India, and IJK has been a part of this journey. This is a bridge between two great cultures of storyte
- Business2 hours ago
Sumeet Industries Limited’s ₹199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project
Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211) , one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹ 199.75 Cr through the issuance of ₹ 16.84 Cr fully paid-up equity shares. The Company proposes to deploy ₹ 49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹ 90.00 Cr ; with the balance ₹ 41.00 Cr being funded through internal accruals . Expected to be recommissioned in Q1 FY27-28 , the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations. Key Terms of Rights Issue: Rights Issue Size ₹ 199.75 Cr Shares Offered 16.84 Cr Equity Shares Issue Price ₹ 11.86 Per Share Face Value ₹ 2 Per Share Entitlement Ratio 8 Rights Shares for every 25 Shares Held Record Date June 12, 2026 Issue Opened June 22, 2026 Last Date for Renunciation July 15, 2026 Issue Closes July 20, 2026 Proposed Utilisation of Net Proceeds ( ₹ 194.90 Cr) Working Capital Support ( ₹ 100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials. Nakoda Asset Integration ( ₹ 49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited. Debt Repaymen
- Business2 hours ago
Sumeet Industries Limited’s ₹199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project
Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211) , one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹ 199.75 Cr through the issuance of ₹ 16.84 Cr fully paid-up equity shares. The Company proposes to deploy ₹ 49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹ 90.00 Cr ; with the balance ₹ 41.00 Cr being funded through internal accruals . Expected to be recommissioned in Q1 FY27-28 , the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations. Key Terms of Rights Issue: Rights Issue Size ₹ 199.75 Cr Shares Offered 16.84 Cr Equity Shares Issue Price ₹ 11.86 Per Share Face Value ₹ 2 Per Share Entitlement Ratio 8 Rights Shares for every 25 Shares Held Record Date June 12, 2026 Issue Opened June 22, 2026 Last Date for Renunciation July 15, 2026 Issue Closes July 20, 2026 Proposed Utilisation of Net Proceeds ( ₹ 194.90 Cr) Working Capital Support ( ₹ 100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials. Nakoda Asset Integration ( ₹ 49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited. Debt Repaymen
- Business2 hours ago
Iris Clothings Enters Quick Commerce with One of India’s Dominant Quick Commerce Players
Howrah (West Bengal) [India], June 22: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, has announced its entry into the Quick Commerce segment. The Company’s products will initially be available across Bengaluru and Hyderabad, marking a strategic expansion of its omnichannel distribution platform. Building on its strong foundation of distributor-led sales, Exclusive Brand Outlets (EBOs), and its recently launched Direct-to-Consumer (D2C) platform, it continues to strengthen its market presence through high-growth retail channels. The addition of Quick Commerce enhances the Company’s ability to reach consumers across multiple touchpoints while further improving accessibility, convenience, and brand visibility. The move is particularly significant given the gifting-led nature of the kidswear category, where purchase decisions are often immediate and occasion-driven. As one of the fastest-growing segments within India’s retail landscape, Quick Commerce is rapidly transforming consumer purchasing behaviour and emerging as a powerful demand-generation channel. By leveraging the Quick Commerce platform, Iris Clothings is well positioned to capitalize on this structural shift and unlock incremental growth opportunities. Commenting on the update, Mr. Santosh Ladha, Managing Director of Iris Clothings Limited said: “Our entry into Quick Commerce represents a significant milestone in Iris Clothings’ growth journey and reflects our commitment to building a robust, future-ready distribution ecosystem. With our presence now spanning traditional retail, EBOs, D2C, and Quick Commerce, we have established a diversified omnichannel platform capable of serving consumers across every major purchase touchpoint. This initiative strengthens our market reach, enhances brand visibility, and positions us to participate in one of the most compelling growth opportun
- Business2 hours ago
Sumeet Industries Limited’s ₹199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project
Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211) , one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹ 199.75 Cr through the issuance of ₹ 16.84 Cr fully paid-up equity shares. The Company proposes to deploy ₹ 49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹ 90.00 Cr ; with the balance ₹ 41.00 Cr being funded through internal accruals . Expected to be recommissioned in Q1 FY27-28 , the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations. Key Terms of Rights Issue: Rights Issue Size ₹ 199.75 Cr Shares Offered 16.84 Cr Equity Shares Issue Price ₹ 11.86 Per Share Face Value ₹ 2 Per Share Entitlement Ratio 8 Rights Shares for every 25 Shares Held Record Date June 12, 2026 Issue Opened June 22, 2026 Last Date for Renunciation July 15, 2026 Issue Closes July 20, 2026 Proposed Utilisation of Net Proceeds ( ₹ 194.90 Cr) Working Capital Support ( ₹ 100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials. Nakoda Asset Integration ( ₹ 49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited. Debt Repaymen
- Business2 hours ago
Iris Clothings Enters Quick Commerce with One of India’s Dominant Quick Commerce Players
Howrah (West Bengal) [India], June 22: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, has announced its entry into the Quick Commerce segment. The Company’s products will initially be available across Bengaluru and Hyderabad, marking a strategic expansion of its omnichannel distribution platform. Building on its strong foundation of distributor-led sales, Exclusive Brand Outlets (EBOs), and its recently launched Direct-to-Consumer (D2C) platform, it continues to strengthen its market presence through high-growth retail channels. The addition of Quick Commerce enhances the Company’s ability to reach consumers across multiple touchpoints while further improving accessibility, convenience, and brand visibility. The move is particularly significant given the gifting-led nature of the kidswear category, where purchase decisions are often immediate and occasion-driven. As one of the fastest-growing segments within India’s retail landscape, Quick Commerce is rapidly transforming consumer purchasing behaviour and emerging as a powerful demand-generation channel. By leveraging the Quick Commerce platform, Iris Clothings is well positioned to capitalize on this structural shift and unlock incremental growth opportunities. Commenting on the update, Mr. Santosh Ladha, Managing Director of Iris Clothings Limited said: “Our entry into Quick Commerce represents a significant milestone in Iris Clothings’ growth journey and reflects our commitment to building a robust, future-ready distribution ecosystem. With our presence now spanning traditional retail, EBOs, D2C, and Quick Commerce, we have established a diversified omnichannel platform capable of serving consumers across every major purchase touchpoint. This initiative strengthens our market reach, enhances brand visibility, and positions us to participate in one of the most compelling growth opportun
