CakeZone Welcomes Palak Tiwari As Brand Ambassador Amidst Festive Excitement

* Brand film: Ordinary ko occasion mein badlo - CakeZone matlab celebration on!

CakeZone the National Dessert Brand from the House of Curefoods, announced popular actress Palak Tiwari as its official brand ambassador for the next year. Palak Tiwari’s association with CakeZone comes at an exciting time, as the brand looks to deepen its connection with younger audiences who appreciate both quality and creativity in their celebrations.

Known for her engaging persona and strong presence among Gen Z, Palak is an ideal ambassador to highlight CakeZone's commitment to innovation in the dessert space. Together, they aim to bring joy to festivities across the country, creating sweet moments that last.

Palak Tiwari expressed her excitement about this collaboration, saying, “I am thrilled to be part of the CakeZone family! Their commitment to blending tradition with modernity perfectly aligns with my own values. These festive hampers are a way to share love and joy with our loved ones during this beautiful festival.”

With the ongoing festive season, CakeZone elevated the celebrations with its exclusive Diwali hampers, thoughtfully designed to capture the spirit of tradition and modern indulgence. These special hampers offer a delightful range of treats, perfect for gifting to loved ones and ensuring a memorable Diwali. Each carefully curated hamper serves as a heartfelt postcard, filled with delectable items that reflect love and care.  These elegant and stylish hampers cater to diverse tastes, making them the ideal choice for this festive occasion.

Ankit Nagori, Founder, Curefoods, added, “We are excited to have Palak Tiwari on board as our brand ambassador. Her vibrant personality and connection with the new generation resonate perfectly with our vision. Our festive hampers are designed to make every celebration special, and we believe that with Palak’s influence, we can inspire more people to celebrate with meaningful gifts.”

As the festive season approaches, Cakezone extends an invitation to the community to explore its exclusive festive hampers, which have been thoughtfully crafted to enhance the spirit of celebration. The brand aims to honor the values of love, joy, and togetherness during this auspicious occasion with its curated offerings.

About CakeZone:

CakeZone is a cloud-kitchen dessert brand currently operating in 35 cities with more than 160 cloud kitchens and plans to expand to other important cities soon. CakeZone aspires to fill the space of being a national dessert brand, founded in 2016 in Bangalore.

After bypassing the requirement to showcase bakery products unlike brick-and-mortar stores, CakeZone developed the capabilities to deliver freshly baked products all the time. The strong operational processes and frugality helps to scale efficiently. The brand has been ranked consistently among the top dessert brands in Bangalore, Hyderabad for the last 3 years. They invested in a R&D kitchen which helped them produce new products and add a strong moat to their business. Please refer to www.cakezone.com for additional information.

About Curefoods:

Curefoods is a leading house of F&B brands in India. It was founded by Ankit Nagori in 2020. It houses brands like EatFit, Cakezone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle, among others. It has over 350 cloud kitchens and offline stores that cater to over 10 cuisines, across 30 cities in India. Curefoods is the second-largest cloud kitchen player in India in terms of footprint with the largest manufacturing capability in the fresh food space. Additional information on Curefoods is available at https://curefoods.in

PhonePe & Bharat Connect Partner To Launch Easy Contributions For National Pension System

PhonePe, today announced the launch of contributions to NPS (National Pension System) as a new savings category under Bharat Connect (earlier known as BBPS), on its platform. With this launch, PhonePe enables millions of users to now make seamless, secure and easy contributions to their NPS account through the PhonePe app.

NPS is a highly effective tax saving instrument for personal retirement planning. This scheme not only provides significant tax savings but also comes in handy as a retirement corpus, thus helping users secure their financial future. Previously, users could only make contributions towards their NPS accounts through the websites of PFRDA, NSDL, CAMs, KFintech and Banks. However, the launch of this feature will allow users to contribute conveniently using the PhonePe app, allowing previously under-served populations to experience the ease and advantages of digital payments.

Commenting on the launch, Noopur Chaturvedi, CEO, NPCI Bharat BillPay Limited, said, “Integrating NPS category on the Bharat Connect platform is a significant step towards enabling individuals to manage their investments for retirement planning seamlessly. With this advancement, PhonePe users can now effortlessly contribute to their NPS accounts directly through the app. This initiative underscores our commitment to making financial services more accessible and inclusive for citizens across India.”

Sonika Chandra, Chief Business Officer - Consumer Payments at PhonePe, added, “We are very excited to partner with Bharat Connect to launch contributions towards NPS. This partnership between PhonePe and Bharat Connect significantly enhances the utility and convenience of making NPS contributions by offering a secure and user-friendly payment solution to millions of our users. We believe the future holds substantial potential for growth and innovative partnerships such as this make the process of payments and savings much more simple and inclusive for all.”

Here’s how users can avail this feature on the PhonePe app:

*     Click on ‘View All’ under the ‘Recharges and Pay Bills’ section on your PhonePe app home screen.

*     Click on ‘National Pension System’ under the ‘Financial Services and Taxes’ section and enter the following details:

*     Your 12-digit PRAN or 10-digit mobile number

*     Date of Birth

*     Tier

*     Contribution Amount

*     Tick the checkbox to agree to the Terms and Conditions and tap ‘Confirm’

*     Review the NPS investment details and the breakup of the amount

*     Tap ‘Proceed to Pay’, select your preferred payment mode, and complete the payment.

About PhonePe Group:

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just 8 years, the company has scaled rapidly to become India’s leading consumer payments app with 570+ million registered users and a digital payments acceptance network of 40+ million merchants. PhonePe also processes over 290+ million daily transactions with an annualized Total Payment Value (TPV) of USD 1.6+ Trillion.

On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus App Store - India's first localized App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

FADA Releases October’24 Vehicle Retail Data

October’24 Auto Retail Report:

Overall auto retail performance:

Strong growth across all segments: October 2024 retail sales witnessed a significant growth of 32% YoY and 64% MoM

All categories reported healthy growth: 2W: +36%, 3W: +11%, PV: +32%, Trac: +3%, CV: +6% on YoY basis.

The rural market played a pivotal role, especially in boosting 2W and PV sales, supported by increased Minimum Support Price (MSP) for Rabi crops.

Segment highlights:

2W: YoY growth of 36% and MoM growth of 71%; the convergence of major festivals (Navratri & Diwali) in October significantly boosted consumer demand; attractive festive offers, new model launches, and improved stock availability drove strong performance; rural sentiments, supported by favourable monsoons and good crop expectations, further contributed to growth.

PV: Grew by 32% YoY and 75% MoM; Driven by festive demand, aggressive offers, and new model introductions; SUV demand remained strong, but dealer inventories remained high at 75–80 days, raising concerns about continued discounting through year-end.

CV: A modest 6% YoY growth, supported by agricultural demand and bulk purchases for container movements; Festive season demand helped, but challenges such as sluggish construction activities and increased vehicle prices affected overall growth.

Near Term Outlook:

Positive factors:

The upcoming wedding season, with 4.8 million weddings expected across India in November and December, is likely to fuel strong demand for 2W and PV segments.

Good crop yields and positive rural sentiments are expected to further drive sales in the near term.

Challenges:

PV inventories remain high, and OEMs are urged to rationalize supply to prevent excess stock.

Dealers in the CV segment remain cautious due to slow construction activities, financial constraints, and expected post-festivity demand decline.

Overall Outlook:

The auto industry remains optimistic about near-term growth, particularly with the wedding season ahead. However, potential challenges such as inventory overstock and economic headwinds may affect sales momentum towards the end of the year. FADA highlights the need for strategic inventory management and ongoing caution as the sector navigates these factors.

Festive Period Data:

FADA will release 42 days festive period data on 14th November 2024.

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for October'24.

FADA President, Mr. C S Vigneshwar, shared his perspective on the auto retail performance for October 2024:

“October 2024 witnessed the convergence of two major festivals, Navratri and Diwali, both occurring in the same month. These festivities traditionally account for 30–35% of total annual auto sales, so the industry's focus was keenly on how October would unfold. With dealers entering this crucial period fully committed and carrying all-time high inventory levels, the month did not disappoint!

Overall retail sales grew by 32% YoY and 64% MoM. All categories showed positive growth, with 2W up 36%, 3W up 11%, PV up 32%, Trac up 3% and CV up 6% YoY. The rural market once again played a leading role in driving growth, particularly in the 2W and PV segments. Additionally, the Government of India's announcement of an increase in the Minimum Support Price (MSP) for Rabi crops further boosted market sentiments.

In the 2W segment, sales surged by 36% YoY and an impressive 71% MoM. The coincidence of major festivals in the same month spurred consumer purchasing. Dealers reported that attractive festive schemes, discounts and new model launches significantly stimulated customer interest. Enhanced stock availability and better vehicle supplies from manufacturers enabled dealers to meet the increased demand. Positive rural sentiments, aided by favourable monsoons and crop expectations, also contributed to the strong performance. Overall, the combination of festive celebrations, promotional offers and positive market conditions led to an exceptional month for 2W dealers.

The passenger vehicle segment experienced growth of 32% YoY and 75% MoM. This impressive performance was again driven by the festivals coinciding in October, boosting consumer purchasing. Dealers highlighted that aggressive offers, attractive schemes and new model introductions further stimulated demand. Enhanced vehicle availability and strong market interest, especially for SUVs and new products, also contributed to the exceptional sales. However, despite strong sales, PV OEMs continue to heavily stock dealers, resulting in inventory levels decreasing by only five days, with overall inventory still at a high of 75–80 days. This may thus lead the season of substantial discounts to continue until the end of the calendar year.

The commercial vehicle segment registered a modest 6% YoY growth. Factors contributing to this included supportive agricultural markets and bulk purchases, particularly for container movements. The festive season, featuring both Diwali and Dussehra, also stimulated demand, along with some recovery from September's slowdown due to rains. However, dealers faced challenges such as slow demand, sluggish construction activities, financial issues among customers and increased vehicle prices leading to higher EMIs. Overall, while there were areas of growth, the CV market faced headwinds that tempered its overall performance.”

Near-Term Outlook

Looking ahead, the Indian auto industry is poised for continued robust retail performance through the end of the calendar year. With an estimated 4.8 million weddings scheduled nationwide in November and December 2024, Indian retail is preparing for an unprecedented surge in demand for wedding-related goods and services. Vehicle purchases also traditionally witnesses an uptick during the wedding season, and FADA anticipates that this will translate into strong sales in both, the 2W and PV segments in the near term.

In the 2W category, positive factors such as good crop yields, favorable rural sentiments and the upcoming marriage season are expected to drive demand. In the CV segment, while supportive agricultural markets and continued bulk purchases may contribute positively, dealers remain vigilant due to factors like sluggish construction activities, financial constraints among customers and an anticipated decrease in demand post-festivities. For PV, the marriage season and ongoing promotional offers are expected to sustain demand. Yet, there are apprehensions about potential slowdowns caused by customers postponing purchases in anticipation of better year-end discounts. FADA also urges, PV OEMs to further rationalise supply.

Overall, while the industry is optimistic about near-term growth driven by the wedding season and favourable market conditions, dealers are mindful of potential challenges that could affect sales momentum as the year concludes. The mixed sentiments reflected in the survey highlight the need for strategic planning and cautious optimism as the auto sector navigates the remaining months of the year.

Key Findings from our Online Members Survey

Liquidity

Good                   48.35%

Neutral               38.93%

Bad                      12.72%

Sentiment

Good                   50.64%

Neutral               34.86%

Bad                      14.50%

Expectation from November’24

Flat                      39.69%

Growth               37.15%

De-growth         23.16%

Nestlé India And SM Sehgal Foundation Celebrate 5 Years Of Project Vriddhi

Nestlé India and SM Sehgal Foundation celebrated the successful completion of five years of Project Vriddhi in Nuh district. The project was launched in 2019 in Rohira village to strengthen community-led rural development. Since its inception, the Project has positively impacted the lives of 18,000 beneficiaries across 14 villages.

This milestone was marked by an event in the Kaliyaka village, attended by school authorities, panchayat and community members from villages who have been positively impacted by the project.

Commenting on this significant milestone, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “At Nestlé India we strongly believe in business as a Force for Good. As part of our commitment to build a better society, Project Vriddhi was launched focussing on rural development. The project has created long-lasting change in these villages, through interventions across water and sanitation, raising nutrition awareness, enhancing farm productivity, and setting up of digital learning centres. The transformation journey of these villages has witnessed a multiplier effect on several development indicators empowering local communities to drive their progress.”

Ms. Anjali Makhija, Trustee & CEO, S M Sehgal Foundation, stated, "The project has grown from strength to strength, since 2019. We feel immensely satisfied to see the tangible impact of Project Vriddhi in the lives of rural communities. Village Development Committees have been established to oversee the upkeep of the project.”

Since its inception, the Project Vriddhi has scaled several milestones. These include restoration of eight ponds with 25 million litres of storage potential; engaging over 1000 farmers through good agricultural practices, transformation of six schools and around 395 children being equipped with digital and life skills; training of 280 women in nutrition groups, 133 kitchen gardens, and village development committees to sustain the developments.

Turkish Technic And SunExpress Sign Component Pool Support And Landing Gear Overhaul Agreements

Turkish Technic, a leading provider of maintenance, repair, and overhaul (MRO) services, has recently signed two significant agreements with SunExpress Airlines, a joint venture of Turkish Airlines and Lufthansa. The first agreement encompasses comprehensive Component Pool support, granting SunExpress access to Turkish Technic’s extensive inventory and tailored component solutions. This service will cover both the Boeing 737NG and Boeing 737MAX fleets, ensuring optimal component availability and minimizing aircraft downtime.

Additionally, a second agreement will cover the complete landing gear overhaul and spare operations for SunExpress' Boeing 737NG fleet. Together with these comprehensive agreements, Turkish Technic supports the operational continuity and fleet readiness of SunExpress, while SunExpress further reinforces its ability to deliver punctual and reliable services to its customers.

Regarding the agreements Mikail Akbulut, CEO and Board Member of Turkish Technic, remarked: “As our long-standing partnership thrives with new agreements, we are pleased to enhance SunExpress’ operational efficiency through our comprehensive component services. These agreements ensure seamless operations for SunExpress’ fleet. We are always delighted to strengthen and expand our long-standing collaboration with SunExpress. Turkish Technic remains committed to delivering world-class MRO solutions, driving operational excellence, and fostering long-lasting business partnerships within the aviation industry.”

Commenting on the continuation of the partnership, Max Kownatzki, CEO of SunExpress, expressed: “Our well-established collaboration with Turkish Technic reflects our commitment to safety and efficiency. The component support and landing gear maintenance services will help us maintain our operational reliability and performance at the highest standards. We believe that our partnership will continue to enhance our operational excellence, ensuring safe and reliable services for our customers."

With a partnership spanning over decades, Turkish Technic has provided base maintenance, component pool support, and landing gear services to SunExpress. These new agreements not only underscore the enduring collaboration but also reflect Turkish Technic’s commitment to delivering superior MRO services tailored to the evolving needs of its business partners.

About Turkish Technic

Turkish Technic (IATP: TKT), an association of Turkish Airlines group companies (Istanbul Stock Exchange: THYAO), is one of the world’s leading aviation services providers, where comprehensive maintenance, repair, overhaul, modification, and reconfiguration services are performed with a highly qualified workforce of 11.350 staff within Istanbul Ataturk Airport, Sabiha Gokcen Airport and Istanbul Airport facilities on two separate continents. Aside from its engineering and maintenance activities, Turkish Technic supports aircraft operators and owners globally with encompassing component pooling, design, certification, and production services. For more information: visit our website or connect with us on Facebook, X, Youtube, Linkedin, and Instagram.

About SunExpress

Established in 1989 as a joint venture of Turkish Airlines and Lufthansa, SunExpress acts as a tourism ambassador between Türkiye and Europe with 35 years of experience and leisure airline expertise. SunExpress flies on 200 routes to 35 countries and carries more than 12 million passengers every year. With its headquarters in Antalya and Frankfurt and bases in Izmir and Ankara, SunExpress has more than 4000 employees. SunExpress was named the 'Best Leisure Airline in Europe' in the latest global survey by Skytrax. You may find detailed information about SunExpress at www.SunExpress.com .

Hyatt Set To Expand Band Pesence In Nepal With Hyatt Regency Lumbani

* The 175-guestroom property will be the fourth Hyatt branded property in Nepal and will mark the second hotel with Golyan Group

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Veda Hospitality Private Limited, a part of the Golyan Group Limited, for Hyatt Regency Lumbini. The property will be the fourth Hyatt branded hotel in Nepal, reaffirming the significance of the market in Hyatt’s ambitious growth plans for Southwest Asia. 

Revered as the birthplace of Lord Buddha, the serene and spiritually significant town of Lumbini stands as an unparalleled destination for tourists as it draws travelers from across the world to the sacred site. It also boasts an UNESCO World Heritage status, with Lumbini's vast gardens featuring historical treasures, including the Ashoka Pillar, diverse monasteries and international temples reflecting global Buddhist traditions and fostering cultural exchange.

Nestled on the banks of the scenic Dano River, the property will be conveniently located within a short driving distance from the highly visited pilgrimage destination, Mayadevi temple, as well as other major attractions. It will also be near the Gautam Buddha International Airport, the city of Butwal, and the Nepal–India border, providing global business and leisure travelers with seamless access. Hyatt Regency Lumbini is expected to open by 2028.

“Nepal continues to play a significant role in Hyatt’s growth strategy in the Southwest Asia region, and we look forward to continued collaboration with Golyan Group Limited to bring international standards of hospitality to the province of Lumbini with the Hyatt Regency brand,” said Dhruva Rathore, vice president of development, India & Southwest Asia, Hyatt. “The profound cultural and spiritual appeal of Lumbini, with its rich heritage, positions it as a compelling destination for travelers and locals alike. It also reaffirms Hyatt's commitment to thoughtfully expanding our brand footprint in destinations preferred by our guests, World of Hyatt members, customers, and owners.”

“We are delighted to extend our collaboration with Hyatt to debut the first ever Hyatt Regency branded hotel in Lumbini,” said Akshay Golyan, managing director, Golyan Group Limited.

“Our vision for Hyatt Regency Lumbini is to create a world-class destination that elevates the hospitality experience in Nepal while respecting and promoting the cultural heritage of Lumbini. We believe this hotel will become a landmark in the region and a key contributor to Nepal’s tourism industry.”

Designed to bring people together and foster a spirit of community, Hyatt Regency hotels and resorts inspire guests to seek personal connections and professional collaboration. The upcoming property will be a blend of modern design and traditional Nepali warmth. Thoughtfully designed to complement the region’s cultural heritage, the hotel will be spread across 11 acres featuring 175 guest rooms, convenient dining options, events and meeting spaces, and a range of amenities including a state-of-the-art fitness center, a wellness spa, an outdoor pool, and other entertainment facilities.

Hyatt’s current portfolio in India and Southwest Asia consists of 52 properties, 50 in India and two in Nepal, across nine brands including Andaz, Alila, Hyatt, Hyatt Regency, Hyatt Centric, Hyatt Place, Park Hyatt, Grand Hyatt and JdV by Hyatt.

The term “Hyatt” is used in the release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

About Hyatt Regency

The Hyatt Regency brand is a global collection of hotels and resorts found in more than 230 locations in over 40 countries around the world. The depth and breadth of this diverse portfolio, from expansive resorts to urban city centers, is a testament to the brand’s evolutionary spirit. For more than 50 years, the Hyatt Regency brand has championed fresh perspectives and enriching experiences, while its forward-thinking philosophy provides guests with inviting spaces that bring people together and foster a spirit of community. As a hospitality original, Hyatt Regency hotels and resorts are founded on openness—our colleagues consistently serve with open minds and open hearts to deliver unforgettable celebrations, effortless relaxation and notable culinary experiences alongside expert meetings and technology-enabled collaboration. The brand prides itself on an everlasting reputation for insightful care—one that welcomes all people across all countries and cultures, generation after generation. For more information, visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram. 

Supriya Lifescience Ltd. Reports Strong Q2 FY25 Growth With 19% YoY Revenue Increase

The unaudited financial statements for the Q2FY25 results have been released by Supriya Lifescience Ltd., a cGMP-compliant business with a strong track record in API manufacturing and a focus on products from a variety of therapeutic segments, including anti-histamine, anti-allergic, vitamin, anaesthetic, and anti-asthmatic. The company has spread its business in more than 86 countries across the globe.

Key Highlights for Q2 FY25:

In the second quarter of FY25, Supriya Lifescience Ltd. witnessed remarkable growth in its revenue, reporting a 18.6 % year-over-year increase, reaching Rs. 166.1 crore compared to Rs. 140.1 crore in Q2 FY24

Gross Profit for Q2 FY25 stood at Rs. 120.13 crore, with a growth of 53.1% compared to Rs. 78.46 crore in Q2 FY24

EBITDA for Q2 FY25 stood at Rs. 64.72 crore, with an EBITDA Margin of 39.0%, as opposed to an EBITDA of Rs. 31.75 crore in Q2 FY24 with an EBITDA margin of 22.7%. This marks a growth of 103.8% YoY

The Profit After Tax (PAT) for Q2 FY25 came at Rs 46.15 crore, compared to Rs 23.88 crore in Q2 FY24

The PAT Margin stood at 27.8% in Q2 FY25, compared to 17.0% in Q2 FY24

Analgesic and Anaesthetic segment led the business growth in Q2 contributing 54.9% to the revenue vs 50.0% in Q2FY24. Anti-Asthmatic segment contributed 9.2% compared to 7.2%

European markets now contribute 45% of our business revenue in H1FY25 up from 39% in H1FY24

For Anaesthetic therapy 3 ANDA projects have been initiated and company is also working on ANDA projects for Anti Hypertensive and Vitamins

Capacity Utilisation has quickly increased from 47% in FY22 following a fresh capacity addition to 86% in FY24. In order to support future growth of various business segments the company has acquired three separate land parcels near different plants

Supriya Lifescience Ltd. continues to expand its global footprint, now doing business with over 1,700 customers across more than 128 countries. To ensure sustained growth and further expansion through new customer acquisition, the company has strategically distributed these geographic regions among its dedicated sales teams

Dr. Satish Wagh, Executive Chairman & WTD, Supriya Lifescience Ltd, commenting on the results, said, “Our commitment to innovation through R&D is paving the way for sustained growth and expansion. With the commissioning of our advanced R&D lab at Lote Parshuram and the upcoming Ambernath facility, we’re focusing on new product development and CMO/CDMO opportunities to complement our existing portfolio. Expanding our global presence across key regions, we're also working closely with regulatory and sales teams to acquire new customers, particularly in regulated markets. Our recent exclusive 10-year contract with a leading European firm underscores our capabilities in handling complex chemical processes, setting the stage for similar opportunities. As we enhance our infrastructure, including increasing capacity at Lote Parshuram to 1,020 KL by Q3 FY25, we’re building a foundation for a stronger future."