Archive: January 31, 2026

Laxmi Dental Leads India’s Dental Innovation, Eyes Boost from Budget Policies

Laxmi Dental Limited: is one of India’s leading dental products companies, offering a comprehensive portfolio across orthodontics, aligners, paediatric dental solutions, and restorative products. The company supports dental professionals with clinically proven, high-quality solutions that enhance treatment outcomes and patient care. With strong manufacturing capabilities, a focus on innovation, and deep engagement with the dental community, Laxmi Dental enables consistent, reliable, and accessible oral healthcare solutions at scale. Its emphasis on quality, research, and practitioner partnership positions the company as a trusted leader in India’s evolving dental ecosystem. 

Sameer Merchant, Managing Director and CEO of Laxmi Dental Limited 

“The upcoming Union Budget presents a strong opportunity to accelerate India’s healthcare transformation. We hope to see increased incentives for digital health adoption, AI-driven diagnostics, and advanced medical manufacturing, which can significantly improve accessibility and affordability of quality care. In the dental sector specifically, greater support for AI and digital technologies such as CAD/CAM, 3D printing, and smart diagnostic tools can revolutionize patient outcomes by enabling faster, more precise, and predictable treatments. Encouraging innovation in digital dentistry will strengthen preventive care, enhance clinical efficiency, and make advanced dental solutions more widely available. Supportive policies around these emerging technologies and easier regulatory pathways will help position India as a global leader in tech-enabled healthcare and dental excellence.”

Budget expectations – Edible Oil (IVPA) & Agrochemical (ACFI)

Indian Vegetable Oil Producers’ Association (IVPA), an apex body of the vegetable oil industry:

 We expect the overall budgetary allocation for the National Mission on Oilseeds be enhanced from Rs. 21,000 crores to Rs. 30,000 crores. This upward revision is essential to address structural constraints in domestic oilseed production and to meet the objective of achieving edible oil self-sufficiency of approximately 45 percent by 2030–32. The enhanced allocation may be strategically deployed across the priority areas: high-yielding & climate-resilient seeds, technology upgradation and advancement in refining capabilities, modern irrigation systems, expansion into “rice fallow lands,” processing and post-harvest infrastructure, and price assurance and market linkages. 

 We also expect the budgetary outlay for the NMEO-OP be extended from its 2025-26 deadline to 2030-31. This three-year extension would be helpful to mitigate delays in the projects caused by sapling shortages and infrastructural challenges, ensuring the longer-term success of the mission and the targets set under the scheme. 

 We also expect the restriction on Inverted Duty refunds specifically to the Edible Oil industry vide Notification No. 09/2022-Central Tax (Rate) dated 13.07.2022 to be withdrawn with retrospective effect. The burden of ITC accumulation on all Edible Oil manufacturers will result in several players going out of business. With an increase in the GST rate on Coal from 5% to 18% in GST 2.0, the accumulation for the Edible Oil sector is expected to increase substantially.

Dr Kalyan Goswami, Director General, Agro Chem Federation of India (ACFI), An Apex Agrochemical Policy Platform : 

“We expect reducing the import duty on pesticides from 10 per cent to 5 per cent to ensure that farmers receive the full benefit of newer, better technology. While fertilisers are rightfully taxed at a concessional GST rate of 5 per cent, pesticides continue to attract an 18 per cent GST rate, significantly raising the cost of cultivation for farmers, reducing affordability of vital crop protection solutions, and a risk of lower adoption, ultimately compromising productivity and food security. We believe that the decision should be made in the context of India’s overall agricultural strategy. New pesticides are uplifting farmers’ income and a number of farmers have doubled their income with the help of such newer pesticides. We should ensure that the highest-quality agri-inputs are made available to farmers at the best prices.

Economic Survey 2025–26 Emphasises Long-Term Resilience with MSMEs at the Core

By Ms. Ritu Singh, Senior Economist, UGRO Capital

“The Economic Survey 2025–26 presents a comprehensive and forward-looking assessment of India’s economy, spanning growth, fiscal and monetary stability, inflation management, structural reforms, and emerging priorities such as AI, urbanisation and climate resilience. It clearly signals a shift from short-term optimisation to long-term strategic resilience. Within this framework, MSMEs remain central to employment, services, industry and exports, and their ability to scale, supported by regulatory refinement, efficient financial intermediation and productivity-led reforms will be critical to sustaining India’s growth frontier.”

Thomas Cook India Expands Foreign Exchange Presence in Bengaluru

Mumbai, Jan 31: Thomas Cook (India) Limited, India’s leading omnichannel foreign exchange services company, has expanded its network in Bengaluru with the introduction of foreign exchange services at its outlet in JP Nagar (Jayaprakash Nagara). This strategic addition strengthens the Company’s footprint in a high-growth source market, taking its forex network to 11 outlets in Bengaluru and 13 across Karnataka.

JP Nagar, an upmarket residential and commercial hub, serves an affluent mix of residents, tourists, business travellers and students. Its proximity to major IT hubs such as Kalyani Magnum Techpark and Electronic City further drives demand for foreign exchange and outward remittance services.

To mark the launch, customers can avail special offers, including a free international SIM card and a ₹500 Uber voucher on Thomas Cook Forex prepaid card purchases. Students can also benefit from zero remittance charges on tuition fee and living expense remittances. 

The Consumer-centric Product-Service portfolio, available at the outlet includes:

• Currency: 26 global destination currencies
• Overseas Remittances – Thomas Cook Forex’s Send Money Abroad covering over 120 countries
• Prepaid Travel Cards in partnership with Mastercard and Visa:

Holidays: Borderless Travel – prepaid multi-currency card with 12 global currencies

Business Travel: EnterpriseFx card – India’s first Eco-Friendly Forex prepaid card

Overseas Education: Study Buddy card

• Thomas Cook One Currency Card: India’s first prepaid card with zero cross currency conversion fees
• Digital Services – Easy ways to Book for the evolving on-the-move consumer
• TC Pay (Forex App); Online Forex; Forex on WhatsApp (24×7 forex services, from live rate to end-to-end transactions); V-KYC
• Overseas Education Forex for Bengaluru’s strong student segment: transfer of university/tuition fees, living expenses; discounted air fares, excess baggage; insurance and foreign exchange products like the Study Buddy Card

Thomas Cook Foreign Exchange – India ka Forex Specialist: The business’ omnichannel model today serves over 1 million customers annually, via its website, FX Now app, call centre 1800-2099-100, and 125+ Forex stores located across 69, metros and tier 2-4 cities/towns pan India. The Company’s Ghar pe Forex commitment of doorstep delivery in 2 hours, serves as a strong reassurance with a smooth and swift last mile delivery.

Sri Lanka Tourism to Engage Indian Travel Trade at Mumbai Networking Evening

Mumbai | Jan 31: As part of its focused promotional initiatives in India, the Sri Lanka Tourism Promotion Bureau (SLTPB), together with the Sri Lanka Convention Bureau (SLCB), will host a Sri Lanka Tourism Networking Evening in Mumbai on 03 February 2026.

The event is designed as a business-to-business networking platform, bringing together Indian travel trade decision-makers—including tour operators, travel agents, MICE specialists, corporates, OTAs, airlines, and media—with Sri Lankan tourism stakeholders to explore partnerships and strengthen market engagement.

The networking evening will showcase Sri Lanka’s positioning as a versatile and high-value destination, offering leisure, luxury, weddings, MICE, and experiential travel within close proximity and strong air connectivity from India. The programme will feature destination presentations, interactive networking opportunities, and cultural highlights, facilitating meaningful conversations and collaboration.

With India remaining one of Sri Lanka’s most important tourism markets, the initiative underscores SLTPB’s commitment to trade-led destination promotion, knowledge exchange, and relationship building with Indian industry partners.

The Mumbai networking evening forms part of SLTPB’s ongoing efforts to maintain consistent market presence and reinforce Sri Lanka’s appeal among Indian travellers through strong trade partnerships.

Arisinfra Reports Strong Revenue Growth and Improved Profitability in Q3 FY26

Mumbai, Jan 31:  Arisinfra Solutions Limited, a leading tech-enabled supply and services net- work for India’s construction and real estate sectors, today announced its unaudited consolidated finan- cial results for the quarter and nine month ended December 31^st, 2025.

Arisinfra Solutions Limited reported a robust performance in Q3 FY26, driven by further expansion of secured supply networks, operating efficiency, higher scale of operations, disciplined cost and capital- efficiency management and the continued success of its integrated materials and real estate solutions platform.

Q3 FY26 Performance Highlights 

·         Total income stood at ₹272.48 crore in Q3 FY26, compared with ₹185.58 crore in Q3 FY25 and

₹242.45 crore in Q2 FY26, driven by sustained demand across core markets and deeper wallet

share with existing clients. 

·         Reported PAT for the quarter was ₹18.27 crore, compared to ₹2.05 crore in Q3 FY25, sup-

ported by improved operating performance and significantly lower finance costs. 

·         Operationally, daily dispatches averaged 765 during the quarter, while the customer and ven- dor base continued to expand, strengthening network depth and execution capability.

9M FY26 Performance Highlights

·         For the nine months ended December 31, 2025, total income stood at ₹730.54 crore, com- pared with ₹557.76 crore in 9M FY25. 

·         Reported PAT for 9M FY26 was ₹38.64 crore, compared with ₹6.53 crore in 9M FY25, reflecting operating scale-up, improved sourcing efficiency and tighter cost discipline. 

·         The Company continued to focus on disciplined execution and capital efficiency while scaling operations. 

Strategic & Business Updates

●        JS Infra Asphalt JV / MoU 

The company has entered into a strategic collaboration with JS Infra Solutions to evaluate en- try into India’s ₹35,000+ crore asphalt market through an asset-light, execution-led partner- ship model. The collaboration combines JS Infra’s on-ground execution strength with Aris- infra’s sourcing scale and technology platform, with an initial focus on the Mumbai region.

●        ₹35 Crore Asphalt Order Win 

The company secured an asphalt supply and execution-linked order worth ~₹35 crore through its subsidiary Buildmex Infra Pvt Ltd, marking its first live execution win in road infrastructure materials. The order validates the Company’s execution-led, asset-light model and strengthens momentum in its infrastructure order book. 

Outlook: 

The Company remains focused on scaling its integrated supply–services–tech model, improving work- ing capital efficiency, and enhancing margin visibility through higher service contribution. With a strong balance sheet and an expanding base of institutional customers, Arisinfra is poised to deliver capital-efficient, profitable growth.  

Mr. Ronak K. Morbia, Chairman and Managing Director, said: Our Q3 FY26 performance reflects the continued evolution of Arisinfra into an execution-led, systems- driven platform. While demand across Contract Manufacturing and Services remained steady, our focus during the quarter was on strengthening execution capability, improving capital velocity, and building visibility across complex infrastructure and real estate engagements. 

During the quarter, Total Income stood at ₹272.5 crore, with EBITDA of ₹30 crore and PAT of ₹18.3 crore. Performance was supported by disciplined cost management, tighter working capital controls, and a growing share of execution-linked and service-led revenues

As India’s infrastructure and real-estate ecosystem moves toward larger, faster, and more accountabil- ity-driven projects, value creation is increasingly shifting from pure supply to execution reliability and coordination. In response, we are expanding selectively into execution-intensive categories such as road infrastructure and asphalt through asset-light, partnership-led models, while deepening our integrated services capabilities across project lifecycle management. 

Looking ahead, our priorities are centred on scaling execution without balance-sheet strain, increasing repeat institutional engagements, and embedding technology-led control across sourcing, delivery, and cash cycles. With improving demand visibility and strengthening execution partnerships, we are well po- sitioned to deliver sustainable, capital-efficient growth.”

Cube Highways Trust Reports DPU of INR 4.10 per Unit for Q3 FY26; Announces Proposed Acquisition of 4 Road Assets

New Delhi, Jan 31: Cube Highways Trust (“Cube InvIT”), managed by Cube Highways Fund Advisors Pvt. Ltd. (the “Investment Manager”), today announced its results for the quarter ended December 31, 2025. The Trust reported a total distribution of ₹ 551 crores for the quarter, including ₹ 2.00 per unit as interest, ₹ 0.77 per unit as dividend and ₹ 1.33 per unit as return of capital. The Board of Directors of the Investment Manager approved a Distribution Per Unit (DPU) of ₹ 4.10 for the quarter. Year-to-date FY26 distribution totals ₹ 1,371 crores, with a cumulative DPU of ₹ 10.20.

Pankaj Vasani, Group CFO of Cube InvIT, stated: “We continued to make strong progress in Q3 FY2026, leveraging our diversified portfolio and demonstrating effective execution and sustainable asset management. Revenue from operations rose to ₹ 30,767 Mn, up 25.01% year-on-year, while total consolidated income reached ₹ 31,696 Mn for the nine months supported by a robust 7.7% year-on- year traffic growth. EBITDA increased to ₹ 23,064 Mn, up 27.64% year-on-year, driven by operational optimization, efficiency gains, and strong cost discipline.

Liquidity remained strong with Net Debt (including deferred payments) at ₹ 169 Bn and a Net Debt/EV ratio of 46.86%, providing flexibility to pursue value-accretive opportunities. Total Assets Under Management (AUM) stood at ₹ 361 Bn. As we enter the last quarter of FY2026, we remain confident in our business strength and look forward to delivering lasting value for our unitholders.”

Vinay Sekar, CEO of Cube InvIT, stated: “Adding to the continued robust performance of our operations, we are pleased to announce the proposed strategic acquisition of four operational road assets – three toll and one annuity. The acquisition is expected to strengthen the Trust’s revenue base, enhance yield and NAV, expand debt capacity and improve portfolio diversification with the addition of predictable annuity cash flows and high-quality toll assets. These transactions are subject to, inter alia, unitholder and customary regulatory / third-party approvals.”

Cube InvIT continues to maintain AAA/Stable credit ratings from CRISIL, India Ratings, and ICRA.

The record date for the distribution is February 4, 2026, and the distribution payout will be made on or before February 11, 2026.

Servotech Renewable Power System Ltd. Announces Q3FY26 Financial Results

New Delhi, Jan 31: Servotech Renewable Power System Limited (NSE: SERVOTECH), India’s leading manufacturer of solar products and EV Charging solutions has released its Q3FY26 financial results after its Board of Directors meeting on 30th January, 2026 reporting a strong sequential recovery in Q3 driven by improved execution efficiency, margin discipline, and the impact of strategic measures undertaken during Q2 FY26.

Financial Overview

Standalone Q3FY26

● Total Revenue witnessed a growth of 11.29% in Q3 FY26 of Rs. 20,239 lacs from Rs. 18,185.68 lacs in Q3 FY25.

● EBITDA increased by 59.14%, standing at Rs.2702.23 lacs in Q3 FY26 from Rs.1698.05 lacs in Q3 FY25.

● Gross Profit rose by 68.08%, standing at Rs.5721.06 lacs in Q3 FY26, up from Rs.3403.84 lacs in Q3 FY25.

● Profit Before Tax registered a growth of 47.62%, amounting to Rs.1932.82 lacs in Q3 FY26, as against Rs.1309.35 lacs in Q3 FY25.

● Profit After Tax experienced a substantial rise of 54.80%, standing at Rs.1470.46 lacs in Q3 FY26, compared to Rs.949.92 lacs in Q3 FY25.

Consolidated Q3FY26

● Total Revenue witnessed a decline of 2.44% in Q3 FY26 of Rs.21,154.06 lacs from Rs.21,683.19 lacs in Q3 FY25

● EBITDA increased by 70.19% standing at Rs.2846.93 lacs in Q3 FY26 from Rs.1672.80 lacs in Q3 FY25

● Gross Profit rose by 89.8%, standing at Rs.6494.80 lacs in Q3 FY26 from Rs.3421.86 lacs in Q3 FY25.

● Profit Before Tax registered a growth of 58.13%, amounting to Rs.2027.98 lacs in Q3 FY26, compared to Rs.1282.52 lacs in Q3 FY25.

● Profit After Tax experienced a rise of 68.83%, standing at Rs.1551.50 lacs in Q3 FY26, compared to Rs.918.95 lacs in Q3 FY25.

Commenting upon the results, Raman Bhatia, Managing Director, Servotech Renewable Power System Limited said, “This quarter has marked a strong one for Servotech, where we witnessed strong sequential recovery in Q3FY26. After a challenging previous quarter, this performance represents a decisive turnaround, one that reflects our resilience, course correction, and collective determination for our stakeholders and investors who trusted us along the journey.”

“I am particularly proud of how we’ve responded to the setback and returned stronger, sharper, and more focused. The improvement in profitability was driven by better cost control, favourable product mix, and improved execution efficiency following the strategic reset undertaken in Q2 FY26. This quarter, we focused on simplifying operations and strengthening manufacturing execution, and improving cost discipline. Going forward, we remain focused on disciplined execution and operational efficiency, supported by improved manufacturing throughput, ongoing execution of institutional projects”, he further added.