Tag: PR

New Delhi [India], October 4: Leucine Rich Bio Pvt. Ltd., South Asia’s pioneering microbiome company, today unveiled the region’s first-ever Skin Microbiome Test- BugSpeaks facial skin microbiome test. This groundbreaking innovation promises to transform skincare and wellness by providing personalized, science-driven insights based on the unique ecosystem of microbes living on the skin.

Unlike traditional skincare approaches that focus solely on topical treatments, BugSpeaks facial Skin Microbiome Test analyzes the millions of beneficial microorganisms residing on the skin’s surface. These microbes play critical roles in protecting against pathogens, modulating immune responses, and promoting skin healing. Imbalances caused by environmental changes, hormones, or harsh skincare products can lead to skin issues such as irritation, breakouts, and sensitivity.

The test evaluates key skin health parameters, including hydration, elasticity, aging, and barrier strength, by analyzing users’ skin samples through an advanced four-step scientific process comprising quality control, DNA sequencing, data analysis, and report verification. Customers receive a detailed, algorithm-generated report with personalized recommendations for topical ingredients, nutrition, and probiotics to restore and maintain healthy skin. While microbiome balance is central, the test also acknowledges broader influences like lifestyle, environment, diet, and genetics.

Fuelled by the rapidly expanding global skin microbiome market, which was valued at approximately USD 1.03 billion in 2024 and is expected to nearly triple by 2032—the launch taps into rising consumer demand for scientifically backed, personalized skincare solutions. The Middle East and GCC regions, with growing awareness and disposable incomes, represent significant markets for this innovation.

Leucine Rich Bio’s commitment to quality is reflected in its ISO 9001:2015 and ISO/IEC 17025 certifications, alongside NABH and NABL accreditations, positioning it as one of the few companies in the sector with such rigorous lab and clinical standards. BugSpeaks Skin is the second microbiome test offering after BugSpeaks gut microbiome test – South Asia’s first gut microbiome test launched in 2017.

Dr Debojyoti Dhar, Co-Founder and Director, says “We took some time in bringing our next microbiome profiling test targeting skin after gut, as we wanted to bring in more actionable parameters in the report. It is an attempt to translate microbiome science into something that will impact the well-being of individuals by maintaining good skin health!”

Kumar Sankaran, CEO, opines, “BugSpeaks skin microbiome test can revolutionize the skin healthcare market. We believe this will also help propagate the importance of the microbes in our wellbeing”

With the Skin Microbiome Test now available, Leucine Rich Bio aims to collaborate with dermatologists, wellness centers, and beauty experts to integrate microbiome science into daily skincare regimens. The broader vision extends beyond aesthetics to preventive healthcare—early risk detection, enhanced skin resilience, and optimized routines grounded in data.

About Leucine Rich Bio:
Founded in 2014, Leucine Rich Bio is South Asia’s first dedicated microbiome company. Leveraging deep research, advanced analytics, and strong quality certifications, the company’s flagship BugSpeaks® diagnostics and Rychbiome wellness lines empower preventive health and personalized skin care.

Disclaimer: This article is for general information purposes only and should not be construed as professional medical advice. Always consult your doctor before taking any step.

New Delhi [India], October 6: For years, Indian crypto users have faced the same dilemma: you can invest in Bitcoin, Ethereum, or stable coins — but good luck trying to spend them on groceries, ad campaigns, or flight tickets. Despite India having one of the largest crypto user bases in the world, everyday usage of digital assets has remained a puzzle.

Enter Cred3.Cards, a reloadable crypto-to-fiat card that works just like any other Visa or Mastercard. Built by DiQiquartz UAB, a licensed financial company based in Lithuania, Cred3 is aiming to close one of the biggest gaps in the crypto world: real-world usability.­

How It Works

The idea is refreshingly simple.

1. Load the card with crypto (BTC, ETH, USDC, and more).
2. Swipe or tap anywhere Visa/Mastercard is accepted.
3. Your crypto gets instantly converted into fiat at checkout.

No waiting on exchanges, no manual conversions, no messy withdrawals. Just swipe your card and go.

Why This Matters in India

Indian users have been early adopters of crypto, but regulations and payment roadblocks often leave them stuck when trying to use those assets in daily life. That’s why Cred3 is quickly finding fans here.

• Ads Payments Made Easy: Many start-ups in India struggle when INR-based cards fail on Google Ads or Meta Ads. Cred3’s globally recognized card solves this instantly.
• Travel Without Forex Hassles: Whether booking hotels in Europe or withdrawing cash in Dubai, Cred3 works like a regular international card.
• Universal Acceptance: Any merchant that accepts Visa or Mastercard — and that’s more than 100 million globally — accepts Cred3.
•  Instant Reloads: Top-up in minutes directly from your crypto wallet.

For users, it feels less like a “crypto workaround” and more like a natural extension of everyday banking.

A Look at the Features

• Reloadable with major cryptocurrencies.
• Backed by both Visa and Mastercard — rare for crypto cards.
• Supported by established global banks for smooth settlement.
• Real-time dashboard to track spending and reloads.
• Licensed under EU regulations with full KYC and AML compliance.

Real-World Scenarios

• The Start-up Founder: Finally able to run international ad campaigns without payment blocks.
• The Digital Nomad: Travels across Europe and pays with crypto as easily as locals use their debit cards.
• The Everyday User: Orders food online, pays subscriptions, or shops for essentials with crypto.

Standing Out in a Crowded Market

Crypto-linked cards are not new — but most competitors come with limitations: restricted regions, reliance on a single payment network, or weak banking partnerships.

Cred3 avoids these pitfalls by combining Visa + Mastercard coverage, solid European licensing, and a focus on Indian users who want practicality, not hype.

Security First

Every cardholder goes through proper verification, and transactions are protected with bank-grade fraud prevention. Funds are managed within a secure, compliant framework, giving users the reassurance that this isn’t just another short-lived crypto experiment.

The Bottom Line

India has millions of crypto users but until now, they’ve had very few ways to use their holdings in everyday life. Cred3.Cards may finally be the bridge between crypto wallets and the real economy — letting users spend their Bitcoin or USDC as effortlessly as rupees.

Whether you’re a founder frustrated with ad payments, a traveler tired of forex hassles, or someone who simply wants to swipe crypto like cash, Cred3 makes it possible.

Crypto in. Fiat out. Swipe anywhere. That’s the future Cred3 is building.

Disclaimer: Cred3 operates in full alignment with international financial standards and encourages users to remain aware of and comply with all local crypto-related laws, tax obligations, and regulatory guidelines applicable in their country of residence. As with all crypto transactions, users should exercise discretion and understand the inherent risks involved.

Disclaimer: This content is for informational purposes only and does not constitute financial, legal, or investment advice. Readers should verify information independently or consult a qualified professional. The publisher is not liable for any actions taken based on this content.

Hyderabad (Telangana) [India], October 6: Flytta today announced the launch of India’s first retrofitted 13-ton payload capacity electric truck, purpose-built for cement bag transportation across challenging ghat roads and industrial terrains. The truck has been custom-developed by Kalyani Powertrain Limited (KPTL), the electric mobility subsidiary of the Kalyani Group, and is being introduced into operations with Dalmia Cement on the Yadwad–Goa corridor.

This pioneering initiative combines Flytta’s sustainable logistics expertise, Kalyani’s engineering excellence in EV retrofitting and powertrain solutions, and Dalmia Cement’s commitment to green manufacturing and supply chain transformation. Together, the three companies are setting a new benchmark for industrial decarbonization in India.

The first fleet has already commenced operations, and Flytta plans to deploy nearly 200 such retrofitted EV trucks in the coming months. With this milestone, Flytta has evolved into a fully integrated medium and heavy-duty EV trucking platform, offering payload capacities from 13 tons to 40 tons across trucks, dumpers, and trailers for industries spanning cement, steel, coal, metals, and minerals.

Leadership Quotes

Rahul Kanuganti, CEO of Flytta, said:

“This launch is a defining moment for Flytta and for the logistics sector. By collaborating with Kalyani Powertrain and Dalmia Cement, we are showing how industrial transport can rapidly shift to sustainable solutions without compromising efficiency. Our vision is to build a green logistics backbone for India’s growth, and this is a major step toward that goal.”

Pankaj Sonalkar, Managing Director, Kalyani Powertrain Limited, said:

“We are proud to partner with Flytta and Dalmia Cement on this industry-first initiative. At KPTL, we have engineered a rugged, high-performance retrofitted EV truck that can handle the heavy payloads and demanding conditions of the cement sector. This project demonstrates how advanced retrofitting can accelerate India’s transition to clean mobility.”

Srawan Agarwal: , Assistant Executive Director of Logistics at Dalmia Cement, said:

“At Dalmia Cement, sustainability is at the core of our operations. Working with Flytta and Kalyani Powertrain, we are excited to be among the first in the country to adopt retrofitted EV trucks for our logistics. At Dalmia Cement, sustainability is central to our operations, and the adoption of EVs in industrial logistics is not only crucial for reducing carbon emissions but also for advancing India’s mission of energy self-sufficiency and reducing reliance on external resources. For this transition to accelerate, we need stronger infrastructure—better road connectivity and more proactive government initiatives in establishing EV charging stations, rather than depending solely on private firms”

Pages Link:

FLYTTA: https://www.linkedin.com/company/flytta
Kalyani Power Train: https://www.linkedin.com/company/kalyanimotive
Dalmia Cements: https://www.linkedin.com/company/dalmia-cement/

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mr Sanjeev Kumar Nigam

Mumbai (Maharashtra) [India], October 6: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and food processing company, has appointed Mr Sanjeev Kumar Nigam as the Chief Executive Officer (CEO) of Indian Chaska, the flagship brand of Patel Retail Limited, effective October 05, 2025. With this appointment, the company aims to strengthen Indian Chaska’s growth journey and expand the brand’s presence pan-India.

Mr Nigam brings over 24 years of diverse experience in Sales, Business Development, Modern Trade, General Trade, Institutional Sales, HoReCa, E-Commerce, and Market Expansion. He has consistently delivered strong revenue growth, profitability, and market leadership in the FMCG and retail sectors. His proven track record includes senior leadership roles at Shreya Agro Foods Ltd., Jalaram Healthcare (Cloud 9), Rasna International, Emami Ltd., Dabur India, and others, where he successfully scaled businesses across India and overseas markets.

This appointment marks a key step in strengthening Patel Retail’s leadership team to accelerate growth and expand its retail footprint.

Commenting on the appointment, Mr Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, said, “We are delighted to welcome Mr Sanjeev Kumar Nigam to our leadership team at Indian Chaska under Patel Retail. His deep expertise in sales strategy, retail expansion, and brand building will be pivotal in advancing our growth vision. As we continue to scale our store network and strengthen our integrated food processing business, Mr Nigam’s leadership will help us drive market penetration, enhance customer engagement and deliver sustained value to our stakeholders while steering Indian Chaska’s journey towards pan-India growth.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi [India], October 4: Abhijeeth Bhattacharjee Extends Gratitude to Hon’ble Governor of Telangana Shri Jishnu Dev Varma for inaugurating the Diamond jubilee Durga Puja celebrations

Abhijeeth Bhattacharjee, VP and Chairman, Cultural Committee of Bangiya Sanskritik Sangha, warmly welcomed Shri Jishnu Dev Varma, the Hon’ble Governor of Telangana, to the Diamond Jubilee celebrations of Sarvojanin Durgotsav at Keyes High School, Secunderabad, and extended a heartfelt vote of thanks for graciously inaugurating the Diamond Jubilee celebrations of Sarvojanin Durgotsav at Keyes School Secunderabad,Telangana on 28th Sep 2025.

Hon’ble Governor of Telangana, Shri Jishnu Dev Varma, conveyed his greetings and best wishes for the Diamond Jubilee Dussehra celebrations, saying “Dussehra embodies the triumph of truth, justice, and righteousness and Let us embrace these values in our lives, fostering a society that is just, equitable, and harmonious and your community’s efforts in preserving Indian culture and heritage, emphasizing the importance of passing on these values to the next generation and its positive role in fostering cultural assimilation and community bonding.

Governor further added and highlighted the significance of Durga Puja as a symbol of national integration and unity in diversity, noting the festival’s appeal to people from various communities like Telugus, Tamilians, Marwaris, Punjabis, Gujaratis,Malayalis and others.

Abhijeeth Bhattacharjee asserted that this venue is a melting pot where there is true assimilation of Culture and Values and thatswhy we see a huge footfalls from non Bengali population in Hyderabad and in the same spirit Bengalies women celebrate Bhatkamma Festival in the very pandal giving a strong message of social cohesion and adaptability.

“Your presence has elevated this momentous occasion, and we are deeply grateful for your support. Your leadership and vision inspire us to preserve our cultural heritage and promote community bonding” says Abhijeeth Bhattacharjee, Social Entrepreneur and Cor Group Member of Bangiya Sanskritik Sangha.

The Diamond Jubilee celebrations showcased the vibrant cultural heritage and community spirit of the Bengali community in Telangana, with Abhijeeth Bhattacharjee expressing gratitude for the Governor’s presence and message. For 60 years, Bangiya Sanskritik Sangha has nurtured this tradition, promoting harmony, unity, and cultural exchange among people from all walks of life.

He also added that the culture is our identity, and it is our responsibility to protect and promote it,

and continue to nurture our value system, which emphasizes respect, tolerance, and compassion

and strive to create a society that is harmonious, equitable, and just for all.

“As we celebrate this milestone diamond Jubillee celebrations, let us reaffirm our commitment to upholding the principles of justice, equality, and compassion that define our great nation and in its true perspective and values of Sanatan Dharma, says Abhijeeth Bhattacharjee

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Hyderabad (Telangana) [India], September 30: Chiraharit Limited, part of the Malaxmi Group, has announced the launch of its ₹31.07 crore Initial Public Offer (IPO). The issue opens today and will close on October 3, 2025, with shares priced at ₹21 each. Post issue, the company’s equity will be listed on the BSE SME platform.

Philosophy & Group Background

Derived from Sanskrit, “Chira” means “Always” and “Harit” means “Green”, symbolizing the company’s vision of keeping the world “Always Green.” Headquartered in Hyderabad, Chiraharit specializes in turnkey piped water movement and application solutions for agriculture, drinking water, pressurized irrigation networks, industrial water movement, and solar module cleaning systems.

The company is promoted by the Malaxmi Group, which operates on the core principle of integrating Mind, Body, and Soul in its services-balancing client satisfaction, team welfare, and environmental responsibility.

Promoters & Leadership

The IPO is backed by promoters Pavan Kumar Bang, Tejaswini Yarlagadda, and Venkata Ramana Reddy Gaggenapalli, under whose leadership Chiraharit has expanded from an EPC contractor into a multi-segment solutions provider across water management, renewable energy, and civil infrastructure.

Business Operations

• Water-Based Applications: Irrigation networks, drinking water systems, pressurized irrigation, dust suppression, and landscape irrigation.

• Renewable Energy Solutions: Development of Compressed Bio-Gas (CBG) plants aligned with India’s clean energy transition.

• Civil Infrastructure: Industrial and residential construction projects.

Financial Highlights (FY25 vs FY24)

• Revenue: ₹5,962.80 lakh (vs ₹3,056.55 lakh)

• Profit After Tax: ₹602.29 lakh (vs ₹60.34 lakh)

• EBITDA Margin: 16.36% (vs 7.71%)

• Return on Net Worth: 62.91%

• Net Worth: ₹957.39 lakh (vs ₹331.45 lakh)

IPO Proceeds

Funds from the IPO will be used for:

• Setting up an HDPE ball valves and fittings manufacturing unit

• Repayment/prepayment of borrowings

• Working capital requirements

• General corporate purposes and expansion plans

IPO Details

• Issue Size: ₹31.07 crore

• Share Price: ₹21 per share (Face Value ₹1)

• Lot Size: 6,000 shares (₹1.26 lakh per lot)

• Total Lots: 2,466

• Lead Manager: Finshore Management Services Ltd.

• Registrar: Bigshare Services Pvt. Ltd.

• Market Maker: Anant Securities

Industry Context & Outlook

With India prioritizing water security (PMKSY), renewable energy adoption, and urban infrastructure development, Chiraharit is well-positioned to leverage opportunities in these sectors. Analysts highlight the company’s strong financials and scalable business model as positives for investors.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], October 3: A pioneering global news channel was unveiled at the House of Commons during the Global Brand & Leadership Conclave 2025, with a virtual address by renowned industrialist and philanthropist Mr. Sanjeev Kwatra.

Global News Bulletin, a pioneering news channel dedicated to reshaping global journalism, was launched at the Global Brand and Leadership Conclave 2025, hosted at the historic House of Commons, UK Parliament. The unveiling took place in the presence of Mr Sanjeev Kwatra, renowned industrialist and philanthropist, whose visionary leadership and social commitment inspired the values on which the channel has been built.

A Bold Vision for Global Journalism

Global News Bulletin enters the media landscape with a mission to go beyond headlines, providing context, depth, and balance in its reporting. At a time when information flows rapidly across borders, the channel seeks to ensure that stories are told with accuracy, empathy, and integrity. It aims to foster understanding among diverse communities, offering content that is globally relevant yet locally meaningful.

With an unwavering commitment to credible journalism, the channel will champion ethical reporting and responsible storytelling. Its focus will extend across world affairs, business, science, culture, and social issues, encouraging dialogue that is solution-oriented rather than divisive. Through innovative formats such as multimedia storytelling, data-driven reports, and interactive platforms, Global News Bulletin intends to redefine how news is consumed and understood in the modern era.

Launch at a Historic Venue

The launch of Global News Bulletin at the House of Commons was a symbolic moment, reflecting the values of accountability and debate that the institution represents. The Global Brand & Leadership Conclave 2025 provided the perfect stage for this debut, bringing together leaders from business, policy, media, and civil society to witness the unveiling of a channel poised to make an international impact.

Speaking at the launch, Mr Sanjeev Kwatra praised the initiative, remarking, “As voices converge from across the world, the need for journalism that unites rather than divides has never been more urgent. Global News Bulletin represents that imperative.”

Next Steps and Roadmap

The channel will be rolled out in multiple phases, beginning with its digital platform. The official website and mobile application will provide access to breaking news, features, and multimedia content starting this month. In the months ahead, Global News Bulletin plans to expand its presence into television and satellite broadcasting, making its programming widely accessible.

In addition, the channel is committed to forging meaningful partnerships with academic institutions, NGOs, and media organisations. These collaborations will focus on strengthening media literacy, encouraging public dialogue, and amplifying grassroots perspectives, ensuring that the platform remains inclusive and representative of voices across the globe.

Voices from the Launch

The editorial leadership of Global News Bulletin emphasised the channel’s responsibility to deliver clarity over sensationalism and solutions over conflict. Mr Sanjeev Kwatra echoed these sentiments, adding “We are at a historical moment where media must serve not just to inform, but to empower. Our vision is to inspire constructive dialogue and meaningful change. In philanthropy as in business, impact is our guiding metric. I believe Global News Bulletin can inspire, enlighten, and unite.”

About Global News Bulletin

Global News Bulletin is an international news channel dedicated to delivering balanced, in-depth coverage of global events and issues. It is committed to journalistic integrity, diversity of perspective, and inclusive storytelling. The channel will serve as a platform for both global experts and local voices, weaving together insights that matter in an interconnected world.

Media Contact

Global News Bulletin

Media Website

Website: www.globalnewsbulletin.org

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mumbai (Maharashtra) [India], October 3: The film Dakuaan Da Munda 3 is a successful continuation of a well-liked Punjabi film trilogy in which the screen is dominated by stories of perseverance, grandeur, and unflinching spirit. This movie has been released in theaters on June thirteenth, 2025, and will have its worldwide digital gold standard on ZEE5 on October 2, 2025, is extra than only a sequel. It is a visceral development that combines extreme thrills with deep emotional undertones. The 155-minute, intense movie, which was produced with Zee Studios and Dream Reality Movies. Scroll down to find more about the Dakaaun Da Munda 3 movie.

Plot of one of Punjabi’s New movies: Dakuaan Da Munda 3

One of the Punjabi new movies on Zee5, Dakuaan Da Munda 3(2025), delves deeper into the life of Yodha (performed through Dev Kharoud), who seeks atonement within the untamed mountains of Uttarakhand. This film was directed by Happy Rode and written by Narinder Ambarsariya, released in theaters on 13 June, and will debut on ZEE5 on October 2, 2025.

Dakuaan Da Munda 3 combines emotional depth and social commentary on dependency, corruption, and systemic exploitation. Produced by Zee Studios, it enriches the saga with a story that is every explosive and introspective, solidifying Yodha’s route as a poignant story of perseverance.

Actor’s Performances in Dakuaan Da Munda 3

Dakuaan Da Munda 3, which stars Dev Kharoud, explores issues of forgiveness, corruption, and the human soul’s unbreakable spirit in more depth, demonstrating how Punjabi storytelling has evolved into an effective international pressure. It solidifies the trilogy’s reputation as a trend for local movement epics with a period that strikes a balance among dramatic set portions.

The officer, performed with Kabir Duhan Singh, is a shape-clad evil whose hazard is hidden in his banality.  While Satinder Kassoana (as a mentor) and Navi Bhangu offer humour and coronary heart, Drishty Talwar’s activism adds feminist fury.  Supporting actors Raj Dhaliwal and Balwinder Dhaliwal, who play a woodland population entangled, help to ground the narrative in nearby authenticity. Watch the entire movie to find the complete plot of Dakaaun Da Munda 3. It will surely give an amazing experience until the end.

Social commentary and themes

Dakuaan Da Munda 3 addresses dependence, corruption, and structural exploitation below its motion-packed outdoors, putting a chord with India’s socioeconomic hardships. Punjab’s crisis is mediated in Yodha’s struggle, and the officer’s trafficking ring highlights how tribal companies are marginalised. Through Meera and the activist, the film’s feminist overtones subvert patriarchal conventions.

Where can you watch the Dakuaan Da Munda 3 movie?

The ZEE5 will debut on October 2, 2025, and might be available in Punjabi with English subtitles and an English-dubbed version, growing its international reach. Hindi ZEE5’s Business Head, Kaveri Das, praised it as “a testament to Punjabi cinema’s energy to inform uncooked, relatable tales that go beyond borders.”  Baani Sandhu agreed, “It’s about living through pain, loss, and hope—emotions that go beyond performance.” “Yodha’s journey mirrors the cracks in our corrupt systems; this film is about rising from them,” says Dev Kharoud, who views it as a personal milestone.

Why Dakuaan Da Munda 3 Stands Out?

Dakuaan Da Munda 3 stands out as a fearless, contemplative beast in a genre where Punjabi movies frequently rely on clichéd romance or comedy. This film reminds us that true electricity comes from repaired souls in place of unbroken fists. It does more than just entertain; it challenges, heals, and evokes. Expect it to rewrite the records of the trilogy, one wooded area echo at a time, as it storms ZEE5. This munda’s battle is far from over, whether it is being fought on screens or in theatres.

Why Watch on ZEE5?

Dakuaan Da Munda three will be available globally in Punjabi with English dubbing and subtitles for non-resident viewers on Zee5. Its themes of resistance and redemption are generic, and the improvement of the franchise demonstrates the storytelling competencies of Punjabi cinema. For an adventure, this is both action-packed and a soul-stirring moment. So be ready to stream it on one of your favourite OTT platforms (ZEE5) and have fun till the end of the movie.

Final Words

Dakuaan Da Munda three (2025) is a successful finish to the Punjabi series that skillfully combines heartfelt atonement with unadulterated movement. Yodha’s trek via the wilds of Uttarakhand addresses corruption and addiction, hanging a chord with demanding situations which might be ordinary. It is a must-see for fanatics of gritty, heartbreaking dramas that redefine the global impact of regional cinema and will ultimately air on ZEE5 on October 2, 2025. We highly recommend everyone to watch this movie.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Visakhapatnam  (Andhra Pradesh) [India], October 3: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in the private sector in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced a significant progress in its financial management through prepayment/ redemption of Non-Convertible Debentures (NCDs) and a Term Loan by successfully securing refinancing at substantially reduced interest rates.

On 30th September 2025, the Company has secured sanctions of₹350 crore of refinancing facilities from a consortium of leading financial institutions including Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited and Kotak Credit Opportunities Fund. Of this, ₹150 crore has already been disbursed and applied towards prepayment of existing high-cost NCDs and Term loan, the balance ₹200 crore to be disbursed on or before 10th October 2025 to acquire outstanding NCDs from existing holders, subject to requisite approvals.

With the above refinance facilities, the Company on 30th September 2025 successfully completed prepayment of Term Loan of Rs 25 Cr, full pre redemption of Secured unlisted NCDs of Rs 84.30 Cr and partial redemption of secured Listed NCDs amounting to Rs 32.35 Cr thereby reducing the outstanding principal to ₹198.56 crore of Listed NCDs which will be acquired by Kotak Credit Opportunities Fund on or before 10th October ,2025 and change the terms as per new facility. The Company also discharged the due interest payment on the same date.

The revised financing arrangement provides the following benefits:

• Lower Interest Rate: Reduction of approximately 5.50% compared to the earlier borrowing cost of ~18.75% per annum, resulting in substantial savings.

• Improved Terms: Extended repayment tenure of five years from sanction, up to September 2030, expected to generate cumulative additional cashflow of approximately ₹130 crore till FY2028.

• Strategic Impact: Optimization of the capital structure, enhanced liquidity position, and improved shareholder value through reduced finance costs.

This combined initiative underscores Steel Exchange India’s commitment to proactive liability management, prudent financial planning, and sustained value creation.

Commenting on the development Mr. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited said, “These steps reflect our continued focus on strengthening the Company’s financial foundation. The sanctioned refinance facilities at lower cost for repayment of existing high-cost debt will ease our interest burden, improve cash flows, and provide us the flexibility to support growth. This proactive financial management positions us well to pursue our long-term business objectives with greater confidence.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi [India], October 3: PNY Technologies, a globally recognized leader in cutting-edge memory and storage solutions, is proud to announce its exclusive partnership with Creative Newtech Limited for the distribution of its high-performance SSDs (Solid State Drives) and DRAM (Dynamic Random-Access Memory) in India. This strategic alliance is aimed at accelerating PNY’s market penetration in one of the world’s fastest-growing technologies and consumer electronics landscapes.

Through this partnership, Indian consumers and businesses will now have easier access to PNY’s globally trusted memory solutions, known for their reliability, speed, and innovation. From gamers and content creators to system builders and enterprises, the new distribution arrangement ensures that PNY’s SSDs and DRAM modules will reach a wider audience, backed by Creative’s established nationwide distribution infrastructure.

“India is a key focus market for us, and this exclusive partnership with Creative Newtech represents a major milestone in our growth journey. With their deep-rooted presence and understanding of the Indian channel ecosystem, we are confident in our ability to deliver top-tier memory products to consumers and businesses alike,” said Mr. Devanshu Bajpai, National Sales Manager, PNY Technologies.

PNY’s portfolio enables meeting every user’s needs, from storage to memory, covering everything from personal computing to gaming and enterprise workloads. The SSD portfolio ranges from high-speed Gen 4 SSDs, up to 4TB, to ultra-fast Gen 5 SSDs, reaching 8TB, as well as versatile NVMe M.2 SSDs in both Gen 4 and Gen 5, for maximum responsiveness. On the memory side, DDR4 DRAM delivers reliable performance up to 64GB, while DDR5 DRAM sets a new standard with speeds up to 6400MHz and greater efficiency for the most demanding applications.

Creative Newtech, with a legacy of over three decades in building leading technology brands in India, brings unmatched expertise in channel management, value-added distribution, and retail enablement. The company is confident that this partnership will pave the way for new growth opportunities in the fast-evolving memory and storage segment.

“We’re thrilled to welcome PNY Technologies to the Creative Newtech portfolio. Known globally for their innovation in memory and tech solutions, PNY perfectly complements our commitment to bringing trusted, high-performance brands to Indian consumers. This partnership is built on mutual trust and a shared vision to scale in one of the world’s most dynamic markets. With our robust distribution network and deep market insights, we look forward to unlocking new possibilities together,” said Mr Amol Patil, Vice President – Sales and Product.

The Indian memory market continues to see exponential growth, fueled by rising PC adoption, gaming, video content creation, and increasing demand for faster data access and storage. PNY’s product with a focused distribution strategy is well-aligned with this market evolution.

This partnership not only enhances product availability but also reinforces both companies’ commitment to innovation, quality, and consumer satisfaction in India.

About Creative Newtech Limited

Creative Newtech is one of India’s premier distribution companies, known for introducing global technology and lifestyle brands to the Indian market. With a vast distribution network and a focus on customer satisfaction, Creative Newtechs is a trusted partner for brands seeking growth in India.

About PNY Technologies

Founded in 1985 in the United States, with a EMEA office in France, PNY celebrates over 35 years of success as a provider of electronic solutions for several high growth markets. As a long-standing leader in the field of memory, the company has further expanded its offer with storage products such as USB sticks, memory cards and SSDs.

For over 20 years, PNY has fostered a special partnership with NVIDIA and supplies the latest GPU technologies for the embedded and gaming markets, as well as professional applications, which gives PNY a unique position in the market as the supplier of choice for all components. Providing cutting-edge solutions such as NVIDIA Professional Visualisation, NVIDIA TESLA and NVIDIA DGX solutions, PNY helps to improve the creativity, productivity and performance of users. PNY’s technology partnerships are constantly evolving to stay up to date with the latest innovations.

PNY proposes a full spectrum of high-value-added solutions in HPC and Artificial Intelligence environments. With facilities in the United States, Europe, Asia, the Middle East, and India, PNY is able to provide its customers, all around the world, the power of a global supplier, as well as local technical, commercial and logistics expertise.

For more information, visit: https://www.pny.com/en-eu

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.