Archives February 2026

New Delhi, Feb 17th: Portronics, a leading name in consumer electronics and mobile accessories, introduces Mport Space, a versatile 8-in-1 USB Type-C hub that redefines everyday connectivity by integrating built-in M.2 SSD storage expansion alongside essential ports. Designed for modern laptops with limited ports, the hub delivers a complete solution for storage, charging, display output, and data transfer — all through a single Type-C connection.

At the heart of Mport Space is its integrated M.2 SSD slot, supporting NVMe and SATA SSDs in 2242, 2260, and 2280 sizes (SSD not included). This eliminates the need for a separate enclosure and turns the hub into a compact, portable storage companion — ideal for professionals handling large files, content creators managing high-resolution media, and users seeking flexible data expansion on the go.

Beyond storage, the hub expands a single Type-C port into eight essential connections, including HDMI, USB 3.0, SD and microSD card readers, a Type-C Power Delivery port, and a Type-C data port. The HDMI output supports 4K resolution at 30Hz, allowing users to mirror or extend their screens for presentations, streaming, or enhanced multitasking on larger displays. This expands the usage of your devices, making it better for the user to have extra slots and expanded functionality.

To ensure uninterrupted workflows, Mport Space features 100W USB-C Power Delivery pass-through charging, enabling users to power their laptops while simultaneously using all connected peripherals. High-speed file transfers are supported via the USB 3.0 and Type-C data ports, while the card readers offer quick access to footage and photos from cameras, drones, and storage devices.

Portronics has also focused on user safety and durability. The hub includes a dedicated SSD ON/OFF switch to prevent accidental disconnections, along with LED indicators to show standby and read/write activity. Its premium aluminium body aids heat dissipation while maintaining a sleek look, and the nylon braided cable enhances longevity, making it well-suited for office desks, home setups, and travel.

With plug-and-play compatibility, Mport Space works seamlessly with laptops, tablets, and other supported USB-C devices without requiring additional drivers or installation.

 Pricing and Availability:

The Portronics MPort Space  is available for purchase on Portronics.com, Amazon.in, Flipkart.com, and other leading online and offline retail stores across India. The product comes with a 12-month warranty.

Mumbai, Feb 17th: Markolines Pavement Technologies Ltd., a growing infrastructure services company specializing in Highway Operations & Maintenance (O&M), in its board meeting held on February 14, 2026 has approved the audited Financial Results of the Company for the quarter and nine months ended on 31 December 2025.

Financial Statement Highlights

* Consolidated financials. Financial Figures & percentages have been rounded and reorganized for efficient presentation and understanding

Commenting on the performance, Mr. Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement Technologies Limited said, “We are pleased to report a strong performance for Q3FY26 and the nine months ended FY26, reflecting sustained execution momentum and improved operational efficiencies across our business segments.

During Q3FY26, our Revenue from Operations grew by 20% quarter-on-quarter to ₹92.95 crore, demonstrating healthy project execution and improved billing traction. On a nine-month basis, revenue stood at ₹243.34 crore, registering a robust 31% year-on-year growth compared to ₹185.92 crore in 9MFY25. This growth reflects the strength of our order book and our ability to consistently scale operations.

Our EBITDA for the quarter increased by 31% QoQ to ₹11.62 crore, while 9MFY26 EBITDA grew 29% YoY to

₹28.81 crore. The improvement underscores our focus on cost discipline, operational efficiency, and better project mix.

Profit Before Tax for Q3FY26 rose sharply by 48% QoQ to ₹8.42 crore. For the nine-month period, PBT grew by an impressive 54% YoY to ₹19.30 crore. This strong growth trajectory translated into a 72% QoQ rise in PAT to ₹7.00 crore for the quarter, while 9MFY26 PAT increased by 43% YoY to ₹14.87 crore.

Our performance reflects disciplined execution, improved productivity, and operating leverage benefits as scale increases. We continue to focus on efficient capital allocation, timely project execution, and strengthening our presence in high-value infrastructure segments.

With a strong order pipeline and healthy execution visibility, we remain confident of sustaining growth momentum in the coming quarters. Our strategic emphasis on operational excellence, technological capability, and prudent financial management positions us well to deliver consistent value to our stakeholders. We are also exploring the other Infra sectors also to leverage our skillsets as an additional growth driver”

The Company believes that the Government’s continued and record level infrastructure push under the latest Union Budget provides strong structural tailwinds for its business. With public capital expenditure projected at ₹12.2 lakh crore for FY27 and infrastructure-led growth remaining a central policy priority, a sustained pipeline of highway and road development projects is expected across the country. Given its deep domain expertise in highway operations, maintenance, and specialized pavement technologies, the Company is strategically positioned to benefit from increased investments in road infrastructure, asset monetization programs, and expansion of national corridors. Its established execution capabilities, strong order book visibility, and technology-driven approach enable it to meaningfully participate in this infrastructure growth cycle while delivering long-term value to stakeholders.

New Delhi, Feb 17th: S45 today announced the operationalisation of the nation’s first AI-native investment banking platform amid global conversations at The AI Impact Summit 2026. A VC-backed company supported by RTP Global, S45 has raised $5 million to build and scale its proprietary technology-led infrastructure, designed to deliver institutional-grade precision in the high-stakes world of capital market exits. By augmenting traditional financial expertise through the automation of repetitive, data-heavy administrative tasks, S45 is removing the execution bottlenecks that have historically complicated the IPO journey for high-growth capital markets.

Commenting on the official platform deployment, Deepank Bhandari, Co-Founder of S45, noted: “India’s capital markets have entered an era of unprecedented scale and maturity, yet the execution frameworks powering most IPOs remain anchored in high-friction, legacy methods that haven’t kept pace with this growth. This disconnect often leaves even the strongest companies navigating a ‘black box’ of fragmented workflows and manual administrative hurdles during their most critical transition. At S45, our strategy is to provide an institutional-grade infrastructure layer that empowers issuers with data-validated precision. By integrating AI-driven governance and real-time demand analytics, we are moving the industry beyond traditional approximation toward a new standard of transparency and execution certainty, fulfilling the promise of ‘AI for All’ in the financial sector.”

Market Impact: A Proven Track Record for High-Growth Exits

Since its pilot phase, the S45 platform has demonstrated the impact of a tech-led approach across 26 IPOs in diverse sectors, including technology, aerospace, healthcare, and industrials. These mandates have already facilitated ₹1,120.8 crore in capital raised, supported by an intelligence layer that tracks investor demand analytics with extreme granularity.

Key performance benchmarks from the platform’s deployments include:

● Substantial Investor Appetite: Mandates recorded an average subscription of 168.4x, with peak demand reaching 325x.

● Massive Bid Volume: The platform generated cumulative investor bids totalling ₹3,64,719 crore.

● Post-Listing Performance: Issuers achieved an average listing gain of 43.1%, while recording an average listing pop of 47.1% over the last twelve months.

The “7-Day” DRHP: Precision Exit Infrastructure
For founders and venture investors seeking efficient pathways to liquidity, S45 introduces a structural redefinition of the listing process. The platform enables an exhaustive IPO readiness assessment in just 30 minutes and utilises an integrated operating system to bring Draft Red Herring Prospectus (DRHP) preparation time down to just 7 days. By embedding AI-driven validation and regulatory process mapping, the system provides boards and CFOs with real-time visibility into their listing journey while ensuring higher compliance consistency and reducing regulatory friction.

The venture was developed by a multi-disciplinary team of founders -Deepank Bhandari, Pankaj Harlalka, Aman Singh, and Tushar Sharma -who launched S45 to bridge the structural gap in the capital markets execution framework through data engineering and banking expertise.

Mumbai, Feb 17th: Behrouz Biryani, India’s leading royal biryani brand, is set to refresh its much-loved Ramzan Iftar offerings in 2026 as the holy month begins. Rooted in a rich royal legacy, slow-cooked dum pukht biryanis, and a deep cultural association with Iftar traditions, Behrouz continues to celebrate Ramzan with thoughtfully curated food experiences  designed to honour patience, tradition, and togetherness.

Ramzan has long been a significant period for Behrouz, where food transcends indulgence to become a shared ritual. Staying true to this sentiment, the brand is introducing limited-time Iftar boxes, timeless Ramzan favourites, and a multi-format storytelling campaign that further strengthens its presence at Iftar tables across India.

Nishant Kedia, Chief Marketing Officer, Rebel Foods, said,  “Ramzan is a deeply significant period for our consumers, rooted in patience, gratitude, and togetherness. At Behrouz, we approach the month with great respect for these traditions. Our Ramzan menu — from slow-cooked haleem to thoughtfully curated Iftar boxes — is crafted to remain consistent, comforting, and deeply satisfying, strengthening the trust our consumers place in us.”

Ramzan Limited Time Offerings include:

Badshahi Iftari Sandooq

The Badshahi Iftari Sandooq is a grand 7-course Iftar, thoughtfully curated for 3–4 people and ideal for larger gatherings. The offering includes Royal Dates, a Royal Biryani of choice, Royal Gosht Haleem served with Kulcha, Zareen Murgh Shorba, Murgh Patti Samosa, Murgh Koobideh Kebabs, Phirni, Sheer Khurma, Gulrosh Soda Sharbat, and a Royal Gift Box (Luxe Choco Indulgence).

Nawabi Iftari Khazana

The Nawabi Iftari Khazana is an elegant 5-course Iftar, curated for smaller gatherings of 1–2 people. It features Royal Dates, a Royal Biryani of choice, Gosht Haleem with Kulcha, Phirni, and Gulrosh Soda Sharbat bringing together comfort and tradition. Customers can select their preferred biryani variant in both Iftar boxes.

A-La-Carte Ramzan Menu

In addition to the Iftar boxes, Behrouz’s Ramzan favourites will be available a-la-carte across India. The menu includes Gosht Haleem, Murgh Haleem, Zareen Murgh Shorba, Sheer Khurma, Murgh Patti Samosa, Phirni, Gulrosh Soda Sharbat, Royal Dates, and a seasonal Rose Falooda. The Royal Gift Box (Luxe Choco Indulgence) will also be available for festive gifting during the season.

Ramzan Campaign:

Behrouz’s Ramzan 2026 campaign is anchored by two hero films. Royal Biryani, narrated by Vijay Raaz, brings alive the brand’s royal origins, dum pukht cooking process, long-grain basmati rice, and its signature blend of 23 shahi masalas. The Haleem film highlights the slow and patient cooking of Behrouz Haleem, positioning it as a comforting and rewarding Iftar staple.

The campaign is further amplified through a Mushaira series in collaboration with Tape A Tale, along with influencer-led storytelling that captures families coming together over shared Iftar meals across India.

Digital payments have positively changed everyday life for senior citizens. It has brought convenience by making payment easy for buying groceries, pharmacy purchases or travel bookings. It supports independence by allowing senior citizens to pay on their own without asking family members, especially for small daily needs. It also provides safety and control, as there is less need to carry cash, the risk of loss or theft is lower, and every payment is recorded in transaction history. As digital payments become more common, fraudsters have increased attempts to trick users using social engineering. Common frauds targeting senior citizens are given below:

• Digital Arrest: Fraudsters pose as law enforcement agents and threaten arrest over fake charges and pressurise victims into paying or sharing personal information. It is important to remember that real government and law enforcement agencies will never ask for money or investigate cases through phone or video calls
• Investment Fraud: Scammers often trick senior citizens by impersonating as financial experts. They use fake endorsements from reputed organisations promising extraordinary returns. Once these fraudsters receive the money, they disappear. If an investment sounds too good to be true, it is likely a scam
• Phishing/Vishing Scams: These scams involve emails, texts or calls that impersonate trusted entities like banks or government agencies to trick senior citizens into revealing login details, OTPs or other sensitive information
• Tech Support Scams: Scammers call, claiming to be from a tech company saying that there is a virus in the computer. They then trick senior citizens into downloading file(s)/Apps that gives them remote access to steal data or route messages without their knowledge
• Refund and Payment Link Fraud: In such frauds, senior citizens click a link to receive a refund or rebate for an online purchase, which instead leads to a fake page that steals their login or payment data

Simple rules to protect yourself

• Never share sensitive details such as UPI PIN, OTP, passwords, bank account details, or login credentials. Anyone who asks for these is committing fraud
• Do not click unknown links or install apps shared by callers or strangers posting as people of authority. Screen sharing or remote access apps are commonly used to steal data and control your phone
• If an investment sounds too good to be true, it is likely a scam. Check SEBI, RBI, or official regulatory websites for registered firms before investing. Look for HTTPS in the web address, check official domain names, and avoid clicking on unsolicited links
• Pause when urgency is created. Messages saying your account will be blocked today, your KYC will expire, your SIM will stop, or your pension will be paused are designed to rush you. Real institutions will allow time to verify
• If you receive unexpected calls or messages about legal issues, you must take a moment to verify. Stay calm. Real government and law enforcement agencies will never ask for money or investigate cases through phone or video calls, and neither will they press you for time

If you suspect fraud, immediately report to the national cybercrime helpline by dialing 1930 or through the Department of Telecommunication (https://sancharsaathi.gov.in/sfc/). You should also report the case to your bank. Always save messages, take screenshots, and document interactions. Also, do not hesitate to get help from your family members or trusted neighbours before acting on instructions from unknown callers. Digital payments are a strong and safe system. With awareness and calm verification, senior citizens can use them confidently every day.

Mumbai, Feb 17: PoppiGo, India’s first hygiene brand built for active lifestyles, has announced a strategic partnership with Slay Media, the independent creative agency founded by Khushboo Mulani. The collaboration will focus on building a bold, performance-led digital identity that reflects PoppiGo’s fast-growing presence in the fitness and Gen Z space.

Designed for a generation that refuses to slow down, PoppiGo creates high-performance hygiene solutions for training days, race days, long workdays, and everything in between. Its hero product, an ultra-slim disposable hygiene panty powered by exclusive Japanese fast-absorption technology, delivers rapid absorption, leakproof protection, and zero bulk, making it ideal for active routines.

At its core, PoppiGo stands for “NoPause” a brand philosophy rooted in uninterrupted confidence and performance. It’s not a campaign, but the foundation of the brand: creating solutions that allow individuals to move freely, train harder, and live fully without hesitation.

Slay Media, known for its sharp storytelling and data-driven execution, brings expertise in AI-led content creation, digital strategy, and performance marketing. The agency has built impactful brand narratives across finance, lifestyle, and wellness sectors, combining creativity with measurable growth.

Together, the partnership will strengthen PoppiGo’s digital voice across platforms — blending cultural relevance, movement-driven storytelling, and strategic performance marketing to connect deeply with Gen Z and Millennial audiences.

“At PoppiGo, we are building a performance-first hygiene brand for a generation that doesn’t believe in slowing down,” said Nilima Jhunjhunwala, Founder, PoppiGo. “NoPause defines our mindset. With Slay Media, we’re scaling that voice with precision and impact.”

Khushboo Mulani, Founder & CEO of Slay Media, added, “PoppiGo is a brand built with clarity and conviction. Our focus will be on amplifying its NoPause philosophy through bold, culturally sharp storytelling that drives both engagement and growth.”

This collaboration signals a focused growth phase for PoppiGo, where innovation meets intelligent digital strategy to shape the future of hygiene in the active lifestyle space.

Chennai, Feb 17:  The Board of Directors at SWELECT Energy Systems Ltd, formerly known as NUMERIC Power Systems Ltd., a leading name in India’s renewable energy sector, approved the unaudited financial results for the quarter and 9 months ended December 31, 2025, at its meeting held on 13^th February 2026. 

Performance Highlights of Consolidated Results

INR in Cr. 

 Consolidated Results Q3 (2025 – 2026)

• Total Income stood at INR 147.19 cr in the quarter ended December 31, 2025, as against INR 100.32 cr in the corresponding quarter in FY25
• Revenue from operations for the third quarter of FY26 stood at INR 138.63 cr as compared to INR 91.38 cr in the third quarter of FY25
• The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stood at INR 40.17 cr for the October-December 2025 quarter, as against INR 27.35 cr in October-December 2024
• Profit Before Tax (PBT) stood at INR 14.01 cr for the third quarter of FY26 as compared to INR 3.00 cr in the third quarter of FY25
• Profit After Tax (PAT) stood at INR 9.52 cr in Q3 (2025 – 2026) as against INR (10.58) cr in Q3 (2024 – 2025)

Consolidated Results for 9 months (2025 – 2026)

• Total Income stood at INR 483.40 cr for the 9 months ended December 31, 2025 as against INR 435.75 cr in the corresponding period in FY25
• Revenue from operations for the 9 Months in FY26 stood at INR 454.71 cr as compared to INR 402.86 cr in the 9 Months in FY25
• The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at INR 142.78 cr for April-December 2025, as against INR 101.12 cr for April-December 2024
• Profit Before Tax (PBT) stood at INR 62.77 cr for the 9 Months of FY26 as compared to INR 27.86 cr in the 9 Months of FY25
• Profit After Tax (PAT) stands at INR 46.50 cr in the 9 Months (2025–2026) as against INR 5.00 cr in the 9 Months (2024–2025)

From the Management Desk

Commenting on the company’s performance, Mr. R. Chellappan, Founder & Vice Chairman, SWELECT Energy Systems Ltd. said, “Our results are in line with our expectations. We remain in continual pursuit of our announced goals of achieving 2 GW of manufacturing capacity, 1 GW of IPP assets and 1 GW of EPC orders within a two-year timeframe. We have a strong balance sheet with financial assets greater than 500 cr. and operational IPP assets of 150 MW and the financial strength to achieve these goals. We continue to focus on solutions combining Solar plus BESS leveraging our battery knowledge and experience for more than two decades as a leading UPS manufacturer in India.”

 “Our Project Development pipeline is strong with more than 250 MW in TN at various stages of land acquisition and connectivity. We are in the process of broadening our focus on energy sales to C&I customers to states beyond TN to achieve our stated goals of 1 GW of IPP assets. We launched our NUMERGY brand of products in the current quarter (Q4 FY25-26) and expect good traction for it in the next 3-6 months as our distribution network expands across India.  We expect our Module Manufacturing Capacity to reach 2 GW in Q1 FY26-27 and have firm tie-ups to get DCR cells for that facility to serve the Indian market.” added Dr. Arulkumar Shanmugasundaram, CEO & Managing Director, SWELECT Energy Systems Ltd.

India, Feb 17: NIVEA, India’s most trusted skincare brand*, has been driving the underarm skincare conversation for over 5 years and now takes it further with the launch of NIVEA Derma Control. A breakthrough underarm care range that brings skincare-grade ingredients into your daily underarm care routine. The launch is accompanied by a vibrant brand film featuring global ambassador Taapsee Pannu, who champions the idea that your underarms require expert skincare.

Understanding that underarm skin is uniquely delicate and faces constant friction and irritation, especially from hair removal through shaving and waxing- NIVEA Derma Control delivers targeted solutions that go beyond just odour protection. For the first time, NIVEA has formulated powerhouse ingredients like Pure Hyaluronic Acid, Vitamin C, and Pro Vitamin B5 into advanced roll-ons and sprays designed specifically for superior underarm care.

The range launches in two variants: NIVEA Derma Control Eventone for visibly brighter and smoother underarms, and NIVEA Derma Control Defend for gentle defence against daily irritation. Both variants are available as roll-ons and aerosol sprays, offering 72-hour odour protection with gentle, alcohol-free formulas that respect your skin’s needs.

With Taapsee at its heart, the brand film opens a candid conversation about underarm care- one that every woman will relate to. From waxing to shaving, we do so much in pursuit of smooth underarms, yet the secret to truly healthy-looking skin lies in expert care and NIVEA Derma Control delivers exactly that.

Speaking about the new launch, Geetika Mehta, Managing Director, NIVEA India, said: “NIVEA has been championing underarm skincare for years now, because we firmly believe that underarm skin deserves the same attention and expertise as any other part of your skin. Consumers today are more informed and increasingly conscious about what they put on their skin- seeking products that deliver meaningful care alongside effective protection. With NIVEA Derma Control, we are proud to bring skincare-grade ingredients into the deodorant category, offering a range that delivers visible, meaningful results.”

Taapsee Pannu, Global Brand Ambassador, NIVEA India, commented on the launch: “I’m particular about what goes on my skin, and underarms are no exception. Between shoots and events, they’re constantly exposed to friction and irritation from waxing and shaving and they deserve real care, not just coverage. NIVEA Derma Control brings genuine skincare benefits with ingredients like Pure Hyaluronic Acid and Vitamin C that actually make a visible difference. This range is the best care your underarm deserves!”

The NIVEA Derma Control Range is now available at leading retail outlets and e-commerce platforms at:

• NIVEA Derma Control Even Tone Roll On and Defend Roll On (50ml)
• NIVEA Derma Control Even Tone Spray and Defend Spray (150ml)

Hyderabad, Feb 17: The Federation of Telangana Chambers of Commerce and Industry (FTCCI) organised the “Workshop on Trade Connect Portal – A Sequel Workshop” on Monday at the FTCCI Surana Auditorium, Federation House, Red Hills, Hyderabad.

The workshop was conducted with the support of the Ministry of External Affairs and the Directorate General of Foreign Trade (DGFT), Government of India.

Mr Akshay SC, Joint DGFT, and Mr Sambhaji Appasaheb Chavan, Joint DGFT, Government of India, were the guests at the workshop. Both dignitaries elaborated on the Government of India’s initiatives to support exporters through digital transformation and encouraged participants to actively utilise the Trade Connect Portal to access product-specific and country-specific trade data, global demand trends, trade standards, and insights on Free Trade Agreements (FTAs).

Trade Connect Portal was highlighted as a game-changer for exporters. It brings everything exporters need—market intelligence, trade data, tariff details, and regulatory guidance—into one reliable platform, saving them from navigating multiple sources for critical information. The portal enables smarter market decisions, reduces risks, and ensures better utilisation of government schemes. More importantly, it opens doors to global opportunities while saving time and operational costs. It is not just a website but a strategic support system that strengthens India’s competitiveness in international trade.

The workshop witnessed active participation from 70 exporters, importers, MSMEs, and entrepreneurs keen to leverage the Government of India’s Trade Connect Portal to expand their global trade footprint.

Mr R. Ravi Kumar, President, FTCCI, delivered the welcome address, emphasising the growing importance of digital platforms in enhancing export competitiveness and enabling Telangana businesses to access international markets more effectively.

Mr Chakravarthy AVPS, Chairman, International Trade and Business Relations Committee, FTCCI, delivering theme remarks, highlighted the strategic relevance of the Trade Connect Portal under the Foreign Trade Policy and its role in simplifying international trade processes.

A detailed technical session on the “Introduction, Features and Benefits of Onboarding on Trade Connect Portal” was delivered by Ms Dhiya R., Deputy DGFT. The session provided a comprehensive overview of the portal’s functionalities, including real-time trade event updates, HS code-based analytics, linkages with Indian Missions abroad, Export Promotion Councils (EPCs), EXIM Bank, and the Certificate of Origin application process.

The highlight of the workshop was a hands-on handholding session on registration on the Trade Connect Portal, conducted by DGFT officials. Participants engaged in an interactive Q&A session to clarify procedural aspects and onboarding requirements. Officials assisted attendees in navigating the portal and understanding compliance prerequisites, including IEC registration requirements.

Hyderabad, Feb 17th: Ice Make Refrigeration Limited, a leading provider of industrial and commercial refrigeration solutions, announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), reflecting strong year-on-year revenue growth and continued profitability.

CONSOLIDATED FINANCIAL PERFORMANCE (₹ in Crore)

STANDALONE FINANCIAL PERFORMANCE (₹ in Crore)

 Key Highlights

On a consolidated basis, Revenue from Operations stood at ₹153.36 crore in Q3 FY26, registering a robust 39% growth compared to ₹110.56 crore in Q3 FY25. Sequentially, revenue improved from ₹147.49 crore in Q2 FY26 and ₹111.50 crore in Q1 FY26, demonstrating sustained business momentum across core segments.

Profit Before Tax (PBT) for Q3 FY26 was ₹1.90 crore, compared to ₹3.59 crore in Q3 FY25, while Profit After Tax (PAT) stood at ₹1.45 crore versus ₹2.81 crore in the corresponding quarter last year. Earnings per share for the quarter was ₹0.93. Profitability remained stable despite elevated finance costs and expansion-led depreciation.

For the nine months ended December 31, 2025, consolidated Revenue from Operations reached ₹412.35 crore, while PBT stood at ₹2.83 crore and PAT at ₹2.01 crore.

The quarterly performance reflects continued demand across industrial refrigeration, cold chain, HoReCa, and commercial cooling segments. While input costs and finance expenses continue to exert pressure on margins, the Company has commenced operations in two new verticals during the current year. In the initial phase, the focus has been on establishing market presence and building customer relationships, with margins calibrated accordingly. This entry-stage strategy has resulted in some pressure on overall margins, which remains within management’s planned range. As volumes scale up and operating efficiencies improve, the Company expects margins in these verticals to move closer to prevailing industry levels.

Management Commentary

Mr. Chandrakant P. Patel, Chairman & Managing Director, said: “Ice Make has always been built on a strong foundation of innovation, reliability, and long-term commitment to India’s cold chain infrastructure. As we strengthen our leadership team and expand our retail footprint, we remain focused on building a future-ready organization capable of delivering sustainable and profitable growth. The growing demand across food processing, HoReCa, pharmaceuticals, and industrial refrigeration presents significant opportunities.”

Mr. M. Srinivas Reddy, Chief Executive Officer, said: “It is an exciting phase for Ice Make as we deepen our market presence and strengthen customer engagement. The launch of new brand outlets and participation in leading industry exhibitions reflect our commitment to operational excellence and scalable growth.”

With a diversified product portfolio and expanding market reach, Ice Make remains focused on strengthening execution and driving sustainable growth in India’s expanding refrigeration and cold chain ecosystem.

The Company’s Quarterly Vision Dialogue will be held at 3:30 PM IST on 16th February 2026 on www.vrightexchange.com, where management will discuss the financial performance, strategic direction, and outlook.