Signpost India Secures 10-Year Kolkata Streetscape PPP
Signpost India Limited has secured exclusive outdoor advertising rights under the “Kolkata Streetscape Renaissance” project awarded by the Kolkata Municipal Corporation.
Contract Highlights:
Project Locations: Park Street (Mother Teresa Sarani), Camac Street (Abanindranath Sarani), Theatre Road (Shakespeare Sarani) and Park-o-Mat.
Nature: Public-Private Partnership (PPP) with exclusive outdoor media rights.
Tenure: 10 years, extendable by 2 years.
Annual Fixed Revenue to Authority: ₹16.38 crore.
Escalation Clause: 5% every three years.
Projected Total Revenue to Authority (incl. State GST): Over ₹250 crore during the concession period.
Estimated Gross Advertising Revenue: Approximately ₹450 crore over the tenure.
The company clarified that no promoter or promoter group interest exists in the awarding authority. The long-term concession is expected to significantly strengthen revenue visibility over the next decade.
Prism Medico Board Approves ₹25 Crore Preferential Issue
Prism Medico & Pharmacy Limited’s Board approved alterations to Article 15 of its Articles of Association to enable issuance of further securities.
The company also cleared a preferential issue comprising:
Up to 75 lakh equity shares at ₹20 per share (₹15 crore)
Up to 50 lakh convertible warrants (₹10 crore)
The total proposed fundraise stands at ₹25 crore, subject to shareholder approval at an Extraordinary General Meeting scheduled for March 20, 2026. A scrutinizer has been appointed for overseeing the e-voting process.
The capital infusion is expected to support business expansion and working capital requirements.
CIE Automotive India Reports Strong Q4; Europe Growth Impacted by Currency
CIE Automotive India Limited reported consolidated Q4 CY25 sales of ₹23.3 billion, up 15% year-on-year.
Quarterly Performance:
India Operations: Sales up 12% YoY to ₹15.4 billion, marking the highest quarterly sales for India operations with sequential improvement.
Europe Operations: Sales rose 21% YoY to ₹7.8 billion; however, real growth in euro terms stood at 4% due to currency translation impact.
FY25 Performance:
Consolidated Sales: ₹91.2 billion, up 6% YoY.
India Sales: Up 8% YoY.
Europe Sales: Up 2% YoY to ₹31.9 billion.
The company highlighted fresh annualized business wins of ₹8.7 billion in India and ₹2.1 billion in Europe, strengthening medium-term order visibility.
Kalyani Steels Settles SEBI Proceedings
Kalyani Steels Limited and its Company Secretary have received a settlement order from the Securities and Exchange Board of India dated February 23, 2026.
The matter pertained to alleged violations related to corporate governance and disclosure norms.
Settlement Amount Paid by Company: ₹2.80 crore
Settlement Amount Paid by Company Secretary: ₹95.55 lakh
The company clarified that there are no further implications arising from the order.
