New Delhi, Delhi, India – Business Wire India 

In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop’s cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt.

With counterfeiting rampant in India – where it’s said that more Scotch is consumed than Scotland even produces – Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits.

ForgeStop InfoTap Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens – giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection – alerting a consumer if the bottle seal has ever been broken – this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it’s enjoyed by the customer. The software allows for app-free authentication and provides batch level product information – making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey – securing supply chains.

Unlike static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information.

“As a brand committed to authenticity and quality, we’re proud to be the first Indian single malt brand to take this bold step,” said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. “Counterfeit alcohol is a serious issue in India and globally. With ForgeStop’s smart technology, our customers can enjoy Indri with the confidence that what’s in the bottle is exactly what we crafted.”

“We’re proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop’s smart label technology, consumers can instantly verify authenticity and access product information with a simple tap-no app required. It’s a seamless blend of security and brand storytelling,” said Terry Katz, CEO of ForgeStop.

As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit-well above the global average-and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer health.

With this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry-paving the way for a more secure and connected future for whisky lovers.

*Source- Source (TRACIT Report on India)

Source (OECD Illicit Trade Report)

Stock Ticker: (PICCADIL | 530305 | INE546C01010)

About Piccadilly Agro Industries Limited (PAIL)

Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar.

Piccadilly Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum.

In 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of ‘Indri’ its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the ‘fastest growing single malt whisky brand’ in 2024.

Website: www.piccadily.com

About ForgeStop

ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers.

Website: www.forgestop.com

Media Contact Details

Nazish Khan, Avian WE, [email protected], +91-9538385162
Abhishek Haryson, Avian WE, [email protected], +91-9891356547

New Delhi:

Filing your Income Tax Return (ITR) is an annual obligation for every eligible Indian taxpayer. It not only ensures compliance with the law but also facilitates access to various financial services like loans, visas and credit cards. An ITR is essentially a declaration of your income, deductions and taxes paid to the Income Tax Department of India. Whether you’re a salaried employee, a business owner, or a freelancer, timely ITR filing is crucial.

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The domestic benchmark indices opened flat on Monday amid mixed global cues, as selling was seen in the IT sector in the early trade.

At around 9.32 am, Sensex was trading 3.88 points or 0.00 per cent up at 82,326.71 while the Nifty climbed 14.70 point or 0.06 per cent at 25,034.50.

Nifty Bank was up 134.25 points or 0.24 per cent at 55,489.15. The Nifty Midcap 100 index was trading at 57,203.80 after rising 143.30 points or 0.25 per cent. Nifty Smallcap 100 index was at 17,701.75 after climbing 141.35 points or 0.80 per cent.

According to analysts, “they now have only the October 2024 peak ahead at 25,235, which is in close vicinity, before 26,277, the lofty peak of September stares at us. This warns us to be guarded against sudden withdrawal in risk appetite and buying interest as we push ahead”.

“With this in the backdrop we will begin the week expecting continuation of an uptrend, with an intraday downside marker at 24,950. However, brace for declines, should the upswings there of fail to clear 25,235 or if there is an outright breakdown past 24,870/807 region,” said Anand James, Chief Market Strategist of Geojit Investments Limited.

The prime mover of the ongoing rally in the Indian market is the sustained FII inflows of around Rs 23,800 crore so far this month.

“Of course, the decline in global trade tensions, the rally in global markets led by the US and the India-Pak ceasefire have created the setting for this rally,” said experts.

Meanwhile, in the Sensex pack, Infosys, TCS, IndusInd Bank, HCL Tech, Tech Mahindra, M&M, Eternal, Reliance and L&T were the top losers. Whereas, NTPC, Bajaj Finance, Tata Motors, Sun Pharma, Bajaj Finserv, PowerGrid, SBI and HDFC Bank were the top gainers.

In the Asian markets, China, Hong Kong, Japan, Bangkok and Seoul were trading in red, whereas, only Jakarta was trading in green.

In the last trading session on Friday, Dow Jones in the US closed at 42,654.74, up 331.99 points, or 0.78 per cent. The S&P 500 ended with a gain of 41.45 points, or 0.70 per cent, at 5,958.38 and the Nasdaq closed at 19,211.10, up 98.78 points, or 0.52 per cent.

On the institutional front, foreign institutional investors (FIIs) were net buyers of equities worth Rs 8,831.05 crore on May 16, while domestic institutional investors (DIIs) purchased equities worth Rs 5,187.09 crore.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)