Swastika Castal Launches IPO on July 21, 2025

PNN

Mumbai (Maharashtra) [India], July 18:Swastika Castal LimitedA prominent producer of aluminum castings, based in Vadodara, Gujarat, the company is recognized for its skills in sand casting, gravity die casting, and centrifugal casting. It has declared the launch of its IPO on July 21, 2025, with an intended issue size of ₹14.07 Crores, and the shares are expected to be listed on BSE Limited's SME Platform.

Equity Share Allocation

* Market Maker - 1,10,000 Shares of Equity

* Retail Individual Investors (RII) - 10,28,000 Shares of Equity

* Others - 10,26,000 Equity Shares

The funds received from the IPO will be used for capital spending on purchasing equipment and machinery, building sheds and structures, covering working capital needs, and for general company purposes.

The public subscription period will begin on Monday, July 21, 2025, and end on Wednesday, July 23, 2025.

Horizon Management Private Limited serves as the Lead Manager for the offering, while Accurate Securities & Registry Private Limited acts as the Registrar for the issue.

Mr. Varun Sharda, Founder and Chief Executive Officer ofSwastika Castal Limited, expressed: "Swastika Castal LimitedHis entry into the capital markets represents a significant turning point in our path of exact engineering, creativity, and worldwide growth. For many years, we have positioned ourselves as a reliable producer of high-accuracy aluminum castings, supplying essential industries throughout India, Europe, Japan, and the United States.

Boasting extensive knowledge in sand casting, gravity die casting, and centrifugal casting, along with state-of-the-art production systems and ISO-certified procedures, we provide customized, high-performance solutions for industries such as automotive, rail, power transmission, and oil & gas.

Highlights:

* New Issue Size - 21,64,000 Equity Shares of ₹ 10 each

* Amount Issued - ₹ 14.07 Crores

* Issue Cost - ₹ 65 Per Share

* Trading Unit - 2,000 Equity Shares

Our travels have been influenced by ongoing investment in state-of-the-art equipment, trained personnel, and thorough testing procedures that comply with international quality requirements. Under the direction of seasoned management, we regularly deliver dependable and accurate solutions for a wide range of customers.

The funds generated from this IPO will allow us to increase manufacturing capabilities, improve working capital, and boost our international footprint. As we move into this new stage of growth, we are dedicated to delivering long-term value and reinforcing Swastika Castal's standing as a reliable leader in aluminum castings that supports the 'Make in India' initiative.

Mr. Sanjay Dubey, the chief executive officer of Horizon Management Private Limited, stated,

The aluminum casting sector is set for substantial expansion fueled by growing industrialization, infrastructure projects, and increased need in areas like automotive, rail transport, power distribution, and heavy equipment. Improvements in production techniques and a focus on enhanced accuracy and quality are also boosting the market's prospects at both national and international levels.

In this scenario, businesses that utilize technological advancement and uphold strict quality controls are most prepared to take advantage of the expanding prospects.Swastika Castal Limited, with its emphasis on accurate manufacturing and dedication to excellence, is ideally positioned to take advantage of these positive trends in the sector.

We are pleased to be a part ofSwastika Castal LimitedTheir IPO process and the confidence that the raised capital will enable them to enhance their operational strengths and expand their footprint in a fast-changing market. This collaboration presents an intriguing chance to back a company ready for long-term growth and value development.

About The Company:

Swastika Castal LimitedOne of the top manufacturers of aluminum castings, known for its proficiency in various casting methods such as sand casting, gravity die casting, and centrifugal casting. Supported by a competent technical team and ISO 9001:2008 certified procedures, the company ensures reliable quality and tailored solutions, gaining the confidence of multinational clients worldwide. Swastika provides ready-to-use aluminum parts to customers in India, Europe, Japan, and the United States, serving essential industries like automotive, railways, textiles, electricals, and power transmission. Its strong manufacturing system, based on advanced technology, modern equipment, and thorough testing facilities, has established the company as a globally competitive and dependable supplier in the aluminum casting sector. Through its emphasis on engineering excellence, operational accuracy, and customer-focused innovation, Swastika Castal continues to enhance its position in both local and global markets.

For the fiscal year 2025, the company reported a Revenue of ₹ 2,966.12 Lakhs, an EBITDA of ₹ 455.46 Lakhs, and a PAT of ₹ 263.49 Lakhs.

Note: Some statements in this document that are not historical facts are considered forward-looking statements. These forward-looking statements are influenced by various risks and uncertainties, including government actions, local, political, or economic changes, technological challenges, and numerous other factors that could lead to results differing significantly from what is anticipated in these statements. The Company will not be held accountable for any actions taken based on these statements and does not commit to updating these forward-looking statements publicly to reflect future events or situations.

(ADVERTORIAL DISCLAIMER: The following press release has been provided byPNN. ANI will not be held responsible in any manner for the content thereof)

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Quest Flow Controls Wins ₹19.89 Crore BHEL Naval Contract

VMPL

Mumbai (Maharashtra) [India], July 18:Quest FlowControls Ltd (previously called Meson Valves India Ltd) (BSE CODE: 543982), is happy to share a major achievement following the receipt of a notable order worth ₹19.89 crore fromBHELESD, Bangalore. This signifies the initial partnership betweenQuest Flow Controls and BHELESD is a reflection of the company's increasing proficiency and standing within the defense and maritime industries.

The agreement involves the provision of remote-controlled valves for the Naval Integrated Platform Management System (IPMS), an advanced and automated system utilized aboard naval ships. The IPMS combines essential functions like propulsion, electrical power management, damage control, and auxiliary systems, thus improving operational effectiveness, situational awareness, and safety on board for the Indian Navy.

Despite intense competition, Quest FlowControls set itself apart with its advanced technology, high-quality products, and engineering superiority, becoming the go-to partner for this essential defense project. This contract strengthens the company's standing within the naval defense sector, and paves the way for potential future export prospects, marking a significant milestone.Quest FlowControls as a vital element in enhancing India's expanding naval strength and worldwide maritime innovations.

Mr. Kishor Makvan, the Chief Executive Officer ofQuest FlowControls Limited remarked on this deal, "We are pleased to announce this significant order from"BHELESD, Bangalore, our initial collaboration with one of India's most renowned public sector enterprises. Obtaining this contract for remote-control valves for the Naval Integrated Platform Management System highlights the confidence bestowed uponQuest FlowThe engineering skills and product excellence of controls.

This victory holds special importance considering the intense competition we encountered. It confirms our technical proficiency, ability to innovate quickly, and our rising standing in the defense and maritime industries.

About Quest Flow Controls Limited

Established in 2016, Quest FlowControls Limited, previously called Meson Valves India Limited (MESON), is becoming a significant international player in the production of premium valve products for multiple sectors.

Their proficiency covers the Defence, Marine, Industrial, Oil & Gas, and Power industries, highlighting their flexibility and dedication to addressing a wide range of market needs. They utilize advanced technologies, providing their respected clients with creative and dependable valve options that align with changing industry requirements. Having a robust international footprint, Company provides a broad selection of valves in different types.

metallurgical processes, supported by skilled engineers offering customized automation solutions.

Being an ISO 9001 certified organization, they emphasize quality control, partnering with well-known companies and providing valves for essential uses, such as military projects.

Quest FlowControls Subsidiary H2O Dynamics Ltd, an independently managed firm, is offering specialized solutions to meet the needs of the wastewater management industry in India.

In fiscal year 2025, the company reported a total revenue of ₹67.94 crore, an EBITDA of ₹13.20 crore, and a net profit of ₹6.85 crore.

Disclaimer

This document includes statements that look ahead, which are not based on past events and are influenced by various risks and uncertainties, such as government decisions, local changes, and technology-related challenges. The Company is not liable for any actions taken relying on these statements and does not promise to update them publicly to account for future developments or situations.

(ADVERTORIAL DISCLAIMER: The aforementioned press release has been submitted byVMPL. ANI will not be held liable in any manner for the content thereof)

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Schneider Electric Launches Cutting-Edge Manufacturing Hub in Hosur, Tamil Nadu

VMPLBengaluru (Karnataka) [India], July 10:Schneider Electric, the pioneer in the digital transformation of energy management and automation, has recently revealed its intention to establish a production facility for its Schneider Electric ITBusiness at Horizon Industrial ParkHosur, close to Shoolagiri, Tamil Nadu. Spanning 500K square feet, the new site is designed to boost Schneider Electric's skills in manufacturing, sales, and distribution of Batteries.Management Products (BMS) including Uninterruptible Power Supply (UPS) systemsPower Distribution Units (PDU), cooling solutions, and various electronic accessories. Situated strategically along the Bangalore-Chennai National Highway, the upcoming Grade A industrial complex provides smooth access to both Bengaluru and Chennai markets, facilitating improved distribution and operational efficiency. The project will be developed in two phases in partnership with Horizon Industrial Parks, a prominent integrated logistics and industrial infrastructure company supported by Blackstone Real Estate funds. The first phase will involve a dust-free facility with modern office spaces and extensive tenant improvements. These upgrades include increased industrial power capacity, advanced fire safety systems, and optimized workspace planning for an initial workforce of 1,500, covering both direct and indirect jobs. The second phase will create a high-spec, customized facility designed to meet Schneider Electric's advanced operational requirements and is expected to be completed within 7 months. "We are pleased to collaborate with Horizon Industrial Parks as we continue our commitment to 'Atmanirbhar Bharat,'" said Deepak Sharma, Zone President, Greater India, MD and CEO, Schneider Electric India. "This partnership highlights our dedication to sustainability, efficiency, and operational excellence. The new facility will significantly enhance our manufacturing capabilities and enable us to integrate cutting-edge technology and sustainable practices. With this investment, we aim to support businesses, improve operational efficiency, and make a meaningful contribution to the 'Make in India' initiative." Horizon Industrial Park Hosur has already received pre-certification as 'Platinum' from the Indian Green Building Council (IGBC). Schneider Electric's new facility will incorporate several eco-friendly features, such as roof insulation using glass wool, rooftop solar panels to improve thermal efficiency, a 12-meter clear height PEB design with skylights for natural lighting, and advanced ventilation systems. Additionally, EV charging stations, HVAC controls, and smart light sensors will be part of the facility's integrated BMS. Solar rooftop panels are planned for the next phase of development, further enhancing thermal efficiency and reducing the carbon footprint.

Urvish Rambhia, Principal at Blackstone Real Estate, stated: "We are happy to collaborate with Schneider Electric and assist its sustained growth in India. We are dedicated to offering creative, customized, and high-standard warehousing options for both international and domestic companies aiming to increase their footprint in India." Through this strategic expansion, Schneider Electric continues to strengthen its long-term commitment to India's manufacturing industry, promoting innovation, efficiency, and sustainability within the sector. About Schneider Electric Schneider's objective is to create Impact by enabling everyone to maximize their energy and resources, connecting progress with sustainability for all. At Schneider, we refer to this as Life Is On. Our mission is to be the reliable partner in Sustainability and Efficiency. We are a global leader in industrial technology, delivering cutting-edge expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-ready data centers, intelligent buildings, and user-friendly homes. Grounded in our extensive domain knowledge, we offer integrated, end-to-end AI-powered Industrial IoT solutions through connected products, automation, software, and services, providing digital twins to support profitable growth for our clients. We are a people-focused company with an ecosystem of 150,000 employees and over a million partners operating across more than 100 countries to ensure closeness to our customers and stakeholders. We value diversity and inclusion in all that we do, guided by our meaningful purpose of a sustainable future for everyone.www.se.com (ADVERTORIAL DISCLAIMER: The above press statement has been supplied byVMPL. ANI will not be held responsible in any manner for the content thereof)

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