HDFC Life, one of India’s leading life insurers, has announced a bonus of Rs. 4102 cr. in the Company’s Board Meeting held on 17th April, 2025. This is the highest ever bonus declared by HDFC Life on its participating* policies, benefitting over 21.90 lakh policyholders. What makes this milestone even more special is that it coincides with the 25th year of HDFC Life’s journey!

Eshwari Murugan – Appointed Actuary, HDFC Life

From the total bonus declared, an amount of Rs. 3232 cr. will be payable to policies in the current Financial Year as part of survival or maturity payouts and the remaining will accrue as policy benefits and will be paid when these benefit payments are made in subsequent financial years.

The annual bonus declared by HDFC Life has approximately doubled every four years, thus reflecting consistent growth in with-profits fund performance and policyholder value. The Company has declared a total cumulative bonus amount that exceeds Rs. 22,500 cr. across all eligible participating policies, since inception.

Eshwari Murugan – Appointed Actuary, HDFC Life, commented, “I am delighted to announce that HDFC Life has declared its highest ever bonus this year. Policy bonuses are a loyalty reward for policyholders who continue for the long term. As we complete 25 years of our journey, we remain committed to our promise of providing value to all stakeholders.

It is our endeavour to secure our policyholders and their families financially with life insurance, thus enabling them to face challenges with confidence and prepare for the future. With a customer-focused approach, we will continue securing lives and contribute towards achieving the vision of ‘Insurance for All by 2047.”

*Participating or par plans provide profit-sharing benefits in the form of bonus, to policyholders.

As the holiday season sets in and travel picks up across the country, TATA AIG General Insurance Co. Ltd. is stepping up to meet evolving travel needs with its enhanced Travel Insurance plans. The product has been designed to offer travellers a comprehensive and flexible safety net – whether they are headed on an international adventure, a family getaway, or a weekend cruise.

Stay Protected on the Go: TATA AIGs Travel Insurance Gets a Holiday Upgrade

What Makes TATA AIG Travel Insurance Relevant This Season

• Medical and Emergency Coverage: From illnesses and injuries to emergency medical evacuation, the plan covers a wide range of health-related contingencies. Special plans for senior travellers offer higher medical coverage limits.

• Instant Claim Payouts for Flight Delays: Travellers can now access quick payouts starting from USD 50, 100, 150 and 200 depending on the deductibles opted in case of delayed or cancelled flights.

• Adventure & Cruise Ready: With more Indians exploring unique experiences, the product includes coverage for adventure sports like skiing and trekking through add-on option.

• Coverage for Non-Medical Risks: Including protection for loss of baggage, passport loss, trip cancellations. Extensions available for extended stays due to compassionate reasons.

• Tailored International Coverage: Plans suited for different travel geographies, including Schengen and other global destinations. Dedicated options also exist for students and short-term international travellers looking for non-medical-only coverage.

Additionally travellers can select from optional bundles such as:

• Cruise Bundle: For missed or Common Carrier-Cruise Interruption

• Travel Plus Bundle: Loss of Electronic Portable Items Accompaniment of Minor Child and Frequent Flyer Cover

• Accident Bundle: Includes covers like Lifestyle Modification Cover Child Education Benefit, Coma cover and Adventure sports cover

Dr. Chandrakant Said, Vice President – Consumer Underwriting, TATA AIG General Insurance., said, “As Indian travellers become more discerning and experience-led, they are no longer looking at insurance as a checkbox, but as an essential part of the journey. This shift is driving us to innovate beyond traditional offerings. From introducing tech-enabled claims that are settled in real time, to building modular plans for diverse travel styles – our focus is on creating travel protection that is proactive. We are not just insuring trips, we are enabling confident, uninterrupted travel experiences.”

Today’s travellers want more than just a quick policy – they are looking for tailored, hassle-free protection backed by expert guidance. TATA AIG meets this need through a blend of digital convenience and human support, offering both self-serve options and personalised advice via its agent network and helpline.

Manipal’s American University of Antigua (AUA) College of Medicine has announced a major academic shift that will offer Indian students greater flexibility and faster pathways to a medical career. Beginning this September, Manipal’s AUA will transition to a trimester schedule, enabling new student intakes three times a year-in May, September, and January.

Manipal AUA student Group

Manipal’s AUA offers a comprehensive medical program tailored for students who have completed their 12th grade or equivalent, and aspire to become global doctors, practicing in the USA, Canada, or the UK. Students can opt to begin their academic journey at the Manipal Academy of Higher Education (MAHE) in Manipal, India.

Aerial view of Manipals American University of Antigua Campus at Antigua

The introduction of the third intake in May, starting this September, means students no longer have to wait for traditional academic cycles This change not only allows them to begin their medical education sooner but also reduces the overall duration of the MD program from 6.5 years to 6 years. Students can graduate earlier and progress more quickly toward clinical rotations and licensure. With a shorter timeline, students will also incur lower expenses related to housing, travel, and daily living, making medical school more affordable and accessible.

“This new trimester reflects our commitment to meeting students where they are and supporting their academic goals with greater flexibility,” said Dr. Peter Bell, President of AUA. “By offering an additional start date, we’re empowering future physicians to take control of their timelines and move forward with confidence.“

The trimester schedule maintains AUA’s rigorous academic standards while enhancing overall efficiency. A key benefit is the integration of the Global Health Track, previously a separate program, into the core curriculum. Offered in collaboration with Florida International University (FIU), this track ensures that all students gain exposure to global health systems, community engagement, and public health challenges.

Depending on their entry point, students may also become eligible to apply for residency programs up to a year ahead of schedule, giving them a competitive edge and accelerating their medical careers.

Apply Now
Applications are now open for the August 2025 intake. For more details on admission and eligibility, visit: go.auamed.org/india

About Manipal’s American University of Antigua (AUA) College of Medicine
Established in 2004, the American University of Antigua (AUA) College of Medicine, part of the prestigious Manipal Education and Medical Group, is a fully accredited international medical school offering a rigorous, innovative education designed to prepare students for successful careers in medicine.

Manipal’s AUA has grown into a hub for international education, operating from a modern, 150,000 sq. ft. technologically advanced campus in Antigua. It follows a US-modeled curriculum that emphasizes hands-on training and personalized learning through small batch sizes.

With clinical rotations at over 35+ affiliated teaching hospitals across the United States, UK, and Canada, and a vast network of over 4,000 accomplished alumni practicing worldwide, Manipal’s AUA provides a dynamic and nurturing environment for students to develop their medical expertise.

The university is recognized by the Medical Board of California (MBC), approved by the New York State Education Department, and accredited by the Caribbean Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP). Graduates are fully eligible for residencies and medical licensing exams in the USA, Canada, and the UK, opening doors to global opportunities.

Backed by Manipal’s 70-year legacy in healthcare and education, Manipal’s AUA is more than just a medical school. It emphasizes a holistic admissions approach, selecting highly motivated students based on a well-rounded profile that includes 10th and 12th scores, personal interviews, entrance test, letters of recommendation, and extracurricular activities, rather than relying solely on the NEET score.

Egis, a global leader in architecture, consulting, construction engineering, operations and maintenance services firm, announced two senior leadership appointments in the Middle East and South Asia region. These strategic changes are designed to accelerate Egis’ ambitious growth trajectory, strengthen its market position, and ensure continued excellence across all business lines in the region.

Gurminder Sagoo and Markos Apostolides

Gurminder Sagoo has been appointed as the Chief Commercial Officer (CCO) for the MESA region. Gurminder will lead all commercial and business growth activities, with a primary focus on setting strategic direction and generating revenue, while ensuring that client satisfaction and brand integrity remain central to Egis’ mission. Gurminder has an over 30-year impressive track record in the built environment, administering market-facing activities in diverse organizations and international geographies. Having served as the Country Managing Director for the UAE and Oman for the past three years, he successfully oversaw high-performing teams and managed key market-facing initiatives across a wide range of business lines.

Markos Apostolides, previously the Chief Commercial Officer for the region, will now take on the role of Regional Director for Consulting & Operations for MESA. Egis Consulting & Operations Business Line is a cornerstone of the companys global strategy, focusing on advisory, aviation and operations and maintenance projects, together with delivering solutions on a turnkey basis. In his new role, Markos will focus on driving client mobilization across major regional contracts, enhancing the performance and governance of operations, expanding consulting services, and leading the continued integration and growth of Egis’ Operations & Maintenance business. With over 25 years of operational leadership experience and deep commercial insight, Markos is well-positioned to drive success in these critical areas.

Frederico Justus, CEO, Middle East & South Asia, said: “The regional leadership changes reflect our full alignment with the region’s ambitions, particularly with the growing emphasis on infrastructure development and digital transformation as part of national visions. These appointments signal Egis’ readiness to continue delivering on our promise to support our clients in navigating these dynamic challenges.”

Moreover, Egis is confident that these strategic leadership changes will enhance the company’s growth prospects in the MESA region, while deepening its client relationships and expanding its capabilities in key sectors, driven by its exceptional talent and expertise.

About Egis

Egis is an international player active in architecture, consulting, construction engineering and mobility services. We create and operate intelligent infrastructures and buildings that respond to the climate emergency and contribute to more balanced, sustainable and resilient territorial development. Operating in 100 countries, Egis puts the expertise of its over 20,000 employees at the service of its clients and develops cutting-edge innovations accessible to all projects. Through its wide range of activities, Egis is a key player in the collective organisation of society and the living environment of citizens all over the world.

With 3,500 employees across 8 countries in the Middle East, Egis has delivered over 700 complex development projects, stimulating economic growth and enhancing quality of life. Ranked among the top five firms in the Middle East by Engineering News Record (ENR), Egis is committed to sustainable development. The Group’s operations in the Middle East are built on strategic acquisitions and a deep understanding of local market conditions. Egis’ long history of providing comprehensive engineering, consulting, and project management services makes it a trusted partner for regional governments, investors, and developers.

LinkedIn: Egis | Instagram: @egisgroup | X: @egis | Facebook: @egisgrou

In a move set to shake up the experiential marketing space, Krishna Anand and Abhishek Abrol have launched Bread Butter Jamm, a full-service marketing communications firm built on the power of complementary strengths and creative tension.

Having spent years on parallel paths within the marketing ecosystem, the duo’s professional rapport gradually evolved into a shared vision: to build an entity that bridges strategic rigour with imaginative execution. The result is ‘Bread Butter Jamm‘, a firm that offers brands immersive experiences, integrated storytelling, and high-impact communication strategies.

L to R: Co-founders of Bread Butter Jamm, Krishna Anand and Abhishek Abrol

Bread Butter Jamm’s edge lies in how it approaches experiential marketing, not as an event or campaign, but as a full-bodied brand experience that moves people. Whether it’s a product launch, a CX innovation, or a culture-led activation, every idea is designed to be felt, not just seen. The firm offers a 360 portfolio spanning experiential events, brand storytelling, corporate engagement, travel-led experiences, and digital strategy. At its core lies a belief that true innovation happens when opposing strengths are brought into dialogue rather than alignment.

Long before they became partners, Krishna and Abhishek were friends. What began as casual conversations turned into years of spirited debates, shared war stories from the marketing trenches, and a growing mutual respect for each other’s radically different approaches. Over time, they realised that their differences weren’t a barrier, but they were an advantage. That realisation sparked Bread Butter Jamm.

“Abhishek would often challenge how I approached a brief,” said Krishna Anand, Co-founder of Bread Butter Jamm. “We came from very different schools of thought, but somehow the end result was always sharper when both perspectives were in the mix.”

With a background in brand communications and experiential marketing, Abhishek Abrol complements Krishna’s business and operational expertise with a flair for crafting narrative-led brand moments. “What excited me was how naturally our differences became a creative advantage,” said Abrol, Co-founder of Bread Butter Jamm. “Where Krishna is solutions-first, I tend to explore the story, and somewhere in between, we found a rhythm that just worked.”

Krishna Anand, known for his ventures Allign Marketing Agency and KA Media, is a Times Young Leader and Forbes-featured entrepreneur with over a decade of experience building scalable marketing solutions.

Abhishek Abrol, brings two decades of experience across brand communications, events, and CX-led strategy with notable firms such as JP Morgan Chase & Co. and Peak XV (formerly known as Sequoia Capital India). Together, they aim to redefine how brands connect with audiences, not only through visibility, but through meaningfully crafted experiences.

For more information about Bread Butter Jamm, visit their Instagram @breadbutter_jamm or contact info@breadbutterjamm.com.

Raffles Sentosa Singapore, the country’s first all-villa resort nestled within 100,000 square metres of lush tropical greenery, commemorated its grand opening with a spectacular celebration on Saturday, 17 May 2025. Hosted by The Royal Group, the exclusive event welcomed more than 500 distinguished guests from Singapore’s business and diplomatic circles for an immersive evening that highlighted the resort’s exceptional dining and event offerings.

Mr Omer Acar and the owners of Royal Group toast to the grand opening

The evening began with a ribbon-cutting ceremony at the resort entrance at 5:00pm, commemorating the grand opening of Raffles Sentosa Singapore. Guests were then invited on a curated journey through the property, experiencing first-hand the elegance of the resort’s lush tropical gardens, its five distinct dining destinations, and spectacular event spaces.

An Odyssey of Taste and Elegance

From arrival, guests were welcomed in Raffles Room with the resort’s signature Sentosa Sling, a refreshing twist on the Singapore classic made with lemons grown in the resort’s gardens, before embarking on a progressive culinary adventure across the resort.

Highlights included:

• Royal China, the resort’s refined Cantonese restaurant, where its signature Royal Peking Duck was served alongside Honey-glazed Kurobuta Pork and Roasted Pork Belly.

• IYASAKA by Hashida, the resort’s omakase-style Japanese restaurant, offered a contemplative tasting of seasonal delicacies like Hotaru Ika (firefly squid) and caviar served atop soft taco shells made from buckwheat flour.

• Empire Grill, the resort’s signature modern Italian dining venue, delivered an elevated canape experience crafted by 48 chefs over 26 hours.

In total, 6,850 canaps were served, using caviar among other premium ingredients, complemented by celebratory bottles of champagne and Sentosa Slings.

The main event was held in Raffles Ballroom, a spectacular space with capacity for 400 banquet guests or 600 for standing events. Lavishly transformed for the evening, the ballroom featured food stations from each restaurant and a lineup of live performances, including soprano Seia Lee, jazz vocalist Alemay Fernandez with her band, and a roving performance by renowned Erhu soloist Calista Liaw.

Guests also toured the resort’s two grand ballrooms, each adorned with bespoke Lasvit chandeliers inspired by Singapore orchids, reaffirming Raffles Sentosa Singapore as a premier venue for prestigious occasions.

A New Benchmark for Celebrations

Designed for discerning travellers and curated events, Raffles Sentosa Singapore offers an unparalleled sense of privacy and personalised service. With villas starting from 211 sqm, each featuring its own private pool and terrace, and complemented by world-class dining, the resort sets a new benchmark for luxury hospitality in Singapore.

Welcome Home Experience

In celebration of the Grand Opening, guests are invited to enjoy the resort’s Welcome Home experience-a luxurious stay package including private roundtrip transfers, daily breakfast for two at Empire Grill, and a complimentary Sentosa Sling.

This exclusive offer is valid for bookings made before 31 October 2025 for stays through 30 November 2025, with rates starting from S$1,398 per villa per night, subject to 10% service charge and prevailing government tax.

FormoreinformationonRafflesSentosaSingaporeortomakeareservation,visit www.raffles.com/sentosa. High-res images are available here.

About Raffles

Founded in Singapore in 1887, Raffles Hotels, Resorts and Residences are places where ideas are born, history is made and stories and legends are created. At each landmark address, distinguished guests and residents will find a world of elegance and enchanted glamour, where Raffles’ renowned legacy of gracious service knows no bounds. As the authentic heart of a destination, Raffles champions fine art and design, and fosters culture in all its forms, guiding guests to make discoveries in their own time and way. Raffles’ commitment to local communities is expressed through diverse initiatives with a unified mission to actively support the arts and the environment. From one generation to the next, visitors arrive as guests, leave as friends, and return as family. Raffles can be found in key international locations including Singapore, Paris, London, Boston, Istanbul, Dubai, Doha, Maldives, Jaipur, Phnom Penh and Bali, among others; with flagship openings upcoming in Sentosa, Singapore and Jeddah, Saudi Arabia. Raffles is part of Accor, a world leading hospitality group counting over 5,600 properties throughout more than 110 countries, and a participating brand in ALL, a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences. raffles.com | accor.com | group.accor.com.

About Raffles Sentosa Singapore

An oasis of wellbeing immersed in an exquisite natural environment, Raffles Sentosa Singapore is Singapore’s first all-villa hotel featuring 62 contemporary villas, each with its own private pool, terrace, and tropical garden. Located on a hilltop in Sentosa, Singapore’s ‘island in the city,’ the resort is a secluded sanctuary just 15 minutes from the city centre. Raffles Sentosa Singapore offers five restaurants, an expansive spa that cocoons guests in holistic wellness, two magnificent ballrooms, and direct access to an award-winning golf club and Sentosa’s Tanjong Beach. www.raffles.com/sentosa.

About The Royal Group

Established in 1947, and headquartered in Singapore, The Royal Group is in the development and management of real estate. Their portfolio includes a wide range of properties comprising residential, industrial and commercial properties that include Office Towers, Shopping Malls and Hotels. Headquartered and situated at 3 Phillip Street, the group has invested in properties in the Asia Pacific region – Singapore, Malaysia, Indonesia – and London (UK). The strategic locations of their properties and quality management of their portfolio have attracted many reputable tenants from various industries including banks, law firms, business schools, executive business clubs, fast food chains, food courts, serviced offices, department stores and fashion and apparel boutiques. royalgroup.sg.

In line with its #BrighterLivesBetterWorld vision, Signify, the world leader in lighting, has illuminated 230 villages in Parvathipuram Manyam district, Andhra Pradesh, under its flagship Har Gaon Roshan CSR initiative. This transformative project has brought sustainable lighting solutions to 17,766 families, positively impacting over 78,200 lives across the region.

Signify transforms 78K+ lives in Andhra Pradesh through Har Gaon Roshan CSR Initiative

The project was officially inaugurated in a ceremony attended by Shri Shyam Prasad, IAS (District Collector, Parvathipuram Manyam), alongside senior leadership from Signify and implementation partner Jana Kalyana Samakhya (JKS). The project implementation, carried out in partnership with grassroots NGO Jana Kalyana Samakhya (JKS), involved community engagement to ensure the outdoor lighting solutions were optimally placed and properly maintained. Local community members were trained in basic maintenance of the lighting systems, creating a sustainable model for long-term impact.

78K+ lives transformed in Andhra Pradesh through Signifys Har Gaon Roshan CSR initiative

Nikhil Gupta, Head of Marketing, Strategy, Government Affairs & CSR – Signify, Greater India, said, “Access to reliable lighting is a cornerstone of development-it empowers individuals, strengthens communities, and drives progress. With Har Gaon Roshan, our aim goes beyond infrastructure; we are enabling safer environments, better learning outcomes, and economic opportunities. Each installation reflects our enduring commitment to sustainability, social impact, and our belief in the transformative power of light to create brighter lives and a better world.”

The Har Gaon Roshan CSR initiative taps villages in remote and underserved regions where electricity infrastructure is available, but adequate outdoor lighting is still lacking. By leveraging energy-efficient LED lighting solutions, the program provides sustainable illumination that requires minimal maintenance while delivering maximum impact. This milestone in Andhra Pradesh represents a significant advancement in Signifys ongoing commitment to illuminate rural India.

The Har Gaon Roshan CSR initiative has already brought light to a host of villages across India. This collaborative effort has been carried out with active support from the district administration and village representatives, bringing together various stakeholders to realise a shared goal of rural empowerment through lighting.

About Signify
Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services deliver business value and transform life in homes, buildings and public spaces. In 2024, we had sales of EUR 6.1 billion, approximately 29,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for eight consecutive years and have achieved the EcoVadis Platinum rating for five consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.

As the curtain falls on another action-packed season of the Indian T20 League, Parimatch is proud to announce the successful conclusion of its signature Festival of Winnings Grand Tournament – and what a journey it has been!

Parimatch Celebrates More Than 1,000 Jeet Ka Tyohaar Winners

From March 22 to May 3, 2025, thousands of players joined the action – and the results speak for themselves. With over 1,100 winners and a Rs. 5.8 crore prize pool, the third edition of the Festival of Winnings stands out as one of Parimatch’s most successful campaigns to date.

Crowning the Champions

After two thrilling rounds of predictions, plays, and passion, the Festival of Winnings crowned its champions.

Two lucky players grabbed the spotlight, each taking home the grand reward – a high-speed Porsche:

• A winner from New Delhi claimed a sleek Porsche Cayenne

• A participant from Mumbai won a stunning Porsche 911 Carrera

Other players were also rewarded with exceptional prizes, including:

• Marriott Bonvoy premium memberships

• Apple iPhone 16 Pros, AirPods Max & iPad Pro sets

• Dyson luxury appliances

• Tanishq jewellery certificates

• Gucci & Louis Vuitton certificates worth Rs. 13 lakhs

• Signed cricket kits by Parimatch Brand Ambassador Nicholas Pooran

• Gold bars, gold coins, and cash prizes

Every week brought new winners and new reasons to cheer. Thousands climbed the leaderboard, backed their teams, and made the most of the biggest cricketing thrill with Parimatch.

Welcome Bonuses and Daily Wins Made It Even Bigger

This year, Parimatch welcomed thousands of new users, each starting their journey with a special IPL-themed bonus package-Rs. 200 for a chance to win up to Rs. 50,000 in bonuses and two Rs. 150 luck

Meanwhile, Daily Prize Drops and exciting missions in the Parimatch Loyalty Hub kept the community buzzing with energy. From mini-games to cricket-themed challenges, fans stayed engaged and rewarded throughout the season.

What’s Next

With the Indian T20 League behind us, the action doesn’t stop. Parimatch continues to bring world-class gaming experiences, personalized offers, and thrilling tournaments all year long. So whether youre here for sports, games, or other surprises, theres always more in store on Parimatch.

Stay tuned, and keep playing – your next big win might just be around the corner!

About Parimatch

Parimatch is the #1 global gaming platform that provides a complete suite of sports and online iGaming services to its customers. Since 1994, Parimatch has grown to be enjoyed by 3,000,000 active users worldwide. It is trusted by the worlds top athletes and celebrities: cricket stars Nicholas Pooran and Sunil Narine, rap icon Divine, and MMA fighter Ritu Phogat are among their brand ambassadors. Parimatch is the Official Partner of the UFC, Regional Sponsor of the Argentine Football Association and Title Sponsor of the Sunrisers Eastern Cape. Since 2019, Parimatch has been one of the leading iGaming brands in Africa, Asia, and Latin America.

Sambhv Steel Tubes Ltd., one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in India in terms of installed capacity as of March 31, 2024 (Source: CRISIL Report), successfully showcased its stainless-steel product portfolio at the prestigious Global Stainless-Steel Expo (GSS Expo) 2025. The event, held from June 4-6, 2025, at NESCO, Mumbai, is a platform for the stainless-steel industry, attracting manufacturers, buyers, consultants, OEMs, and infrastructure professionals from across the globe.

Sambhv Management team along with the Chairman Mr. Suresh Goyal and CEO & MD Mr. Vikas Goyal

Participating for the first time, Sambhv introduced its stainless-steel product range, which includes:

• Stainless Steel Blooms and Slabs

• Stainless Steel Hot Rolled Annealed & Pickled (HR AP) Coils

• Stainless Steel CR Coils

With its backward-integrated facility in Chhattisgarh, Sambhv highlighted its ability to deliver stainless steel solutions across the value chain.

“GSS Expo 2025 has been an invaluable platform for us to connect with a highly engaged audience,” said Mr. Suresh Goyal, Chairman at Sambhv Steel. “The interest shown by consultants, EPC partners, and fabricators reinforces our confidence in the market’s demand for high-precision, corrosion-resistant stainless-steel solutions tailored for solar, construction, and industrial applications.”

The Sambhv stall attracted significant attention for its product quality, technical displays, and engaging brand storytelling. Visitors appreciated the company’s emphasis on innovation, sustainability, and reliability.

This milestone marks an important chapter in Sambhv’s marketing and branding strategy, underscoring its commitment to providing scalable and sustainable steel solutions that meet the evolving demands of India and international markets.

About Sambhv Steel Tubes Limited

According to CRISIL Report, Sambhv Steel Tubes Limited is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.

The Company’s backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI“) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR“) coil which are manufactured in-house. The installed capacity of ERW and GI pipes as of September 20, 2024 is 350,000 MTPA.

Disclaimer

SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has filed the DRHP dated September 30, 2024 and the corrigendum dated November 28, 2024 (“DRHP“) with the Securities and Exchange Board of India (“SEBI“). The DRHP is available on the website of the Company at www.sambhv.com, SEBI at www.sebi.gov.in, websites of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision.

This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.

About CRISIL Market Intelligence & Analytics

CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of the report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in the report are based on certain assumptions, which in its opinion are true as on the date of the report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. The report does not consist of any investment advice and nothing contained in the report should be construed as a recommendation to invest/disinvest in any entity. The industry report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India.

In a significant endorsement of Indian manufacturing prowess, RenewSys India Pvt Ltd, the country’s first integrated producer of solar photovoltaic (PV) modules and components, has been named a “Top Performer” in the 2025 PV Module Reliability Scorecard by PV Evolution Labs (PVEL). PVEL, a leading independent testing laboratory based in the United States of America, is widely regarded as the gold standard for solar module qualification. (Kiwa PVEL Scorecard)

RenewSys Earns Prestigious Kiwa PVEL Top Performer Status for 2025

This recognition underscores consistent quality, reliability and performance of RenewSys solar modules, placing them among the most trustworthy and rigorously tested in the global solar industry.

“We’re truly honoured to receive this recognition. It reflects our ongoing commitment to excellence in manufacturing and innovation. Most importantly, it strengthens the trust our customers and partners place in the reliability and durability of our modules, even in the toughest environments,” says Avinash Hiranandani, Vice Chairman and Managing Director at RenewSys India Pvt. Ltd.

The Kiwa PVEL Scorecard is one of the most trusted resources for independent reliability and performance data in the solar industry. Products earn Top Performer status by excelling in a series of rigorous tests.

“We are pleased to announce that RenewSyss solar modules have been recognized as Top Performers in Kiwa PVEL’s 2025 PV Module Reliability Scorecard,” said Tristan Erion-Lorico, Vice President of Sales and Marketing at Kiwa PVEL. “We congratulate RenewSys on this achievement, which reflects their focus on quality, reliability and performance.”

RenewSys modules demonstrated outstanding performance across these parameters, validating their viability and reliability for large scale solar installations across varied climate conditions.

RenewSys’ broader strategy is to maintain its longstanding position as a leader in solar technology. With state-of-the-art manufacturing facilities in Hyderabad, Bengaluru, Patalganga, and soon in Khopoli; and a keen focus on research and development.

About RenewSys

RenewSys is India’s first integrated manufacturer of Solar PV Modules (5.5 GW*) and key components – Encapsulants (9 GW), Backsheets (4 GW), with a high-efficiency cell line (2.5 GW*) under installation. Headquartered in Mumbai, RenewSys is the renewable energy arm of the ENPEE Group, an international conglomerate with a proud manufacturing legacy dating back to 1961.

(*FY 26-27)

Learn more at www.renewsysworld.com