Bhubaneswar to Host Inaugural BIMSTEC U23 Athletics Championships; India Names 95-Member Squad

Bhubaneswar, Nov 4 (UDN): Bhubaneswar is gearing up to welcome some of the finest emerging athletic talents from South and Southeast Asia as the inaugural BIMSTEC U23 Athletics Championships gets underway at Kalinga Stadium from November 25 to 27.

 Representational Image 

India has selected a 95-member contingent for the three-day international competition, which will bring together young athletes from seven BIMSTEC member countries. The participating nations include India, Thailand, Sri Lanka, Nepal, Bhutan, Bangladesh and Myanmar.

The championship is being jointly organised by the Ministry of External Affairs and the Athletics Federation of India, reflecting a broader effort to strengthen regional cooperation through sports and provide an international platform for promising young athletes.

95 Indian athletes to compete

The Indian contingent has been selected based on performances in two major domestic competitions — the National U23 Athletics Championships and the Junior National Championships.

Both men and women will compete in 14 individual events each, alongside relay competitions, offering participants opportunities to demonstrate their abilities across a wide range of track and field disciplines.

The championship is expected to provide valuable international exposure to emerging athletes as they look to establish themselves at the senior national and international levels.

Kalinga Stadium adds another international event

The hosting of the BIMSTEC U23 Championships further strengthens Bhubaneswar’s growing reputation as a major destination for international sporting events.

Kalinga Stadium, one of India’s prominent athletics venues, has previously hosted Bronze and Silver-level World Athletics Continental Tour competitions over the past two years. Its upgraded track and established sporting infrastructure make it a suitable venue for the regional championship.

Although the upcoming competition is not part of the official World Athletics calendar, it is expected to offer an important competitive platform for young athletes from participating countries.

Sports diplomacy gets a regional boost

Beyond the sporting contests, the inaugural championship is also expected to strengthen people-to-people connections among BIMSTEC nations.

By bringing together young competitors from seven countries, the event seeks to promote friendship, sporting excellence and regional engagement through athletics.

With India’s 95-member squad preparing for the home competition, all eyes will be on Kalinga Stadium from November 25 as Bhubaneswar once again takes centre stage in international athletics.

Odisha Plans 460 EV Charging Stations, Expanding Network Across Cities and Highways

Bhubaneswar, Nov 4 (UDN): Odisha is set to give a major boost to electric mobility, with plans to expand its public electric vehicle (EV) charging infrastructure through a proposed network of 460 charging stations across urban centres and key highway corridors.

 Representaional Image 

Under the Centre’s PM E-DRIVE scheme, 170 EV charging stations have already received approval for installation in seven major cities of the state. In a further push, the Odisha government has submitted a proposal for 290 additional charging stations covering 13 cities and important national and state highways.

The proposed locations include Rourkela, Talcher, Sambalpur, Paradip, Barbil, Belpahar, Berhampur, Brajrajnagar, Chhatrapur, Jharsuguda, Joda, Keonjhar and Rajgangpur.

The expansion plan also covers 68 wayside amenity centres under the Tourism Department, besides strategic locations along major highway routes. Particular attention has been given to economically important corridors such as Paradip–Barbil, which connects key industrial and commercial centres.

Bharat Heavy Electricals Limited (BHEL) has been entrusted with the responsibility of implementing the central government-supported project. Before the proposed locations receive final approval, a team of experts led by BHEL General Manager J.K. Patnaik will undertake field inspections to evaluate site feasibility, infrastructure requirements and operational suitability.

State plans over 500 additional charging stations

Alongside the PM E-DRIVE initiative, the Odisha Commerce and Transport Department is pursuing a separate plan to establish more than 500 additional EV charging stations across the state.

Bhubaneswar has already emerged as an important centre in this initiative, with 24 charging stations currently operational. The government is also exploring the installation of charging facilities at strategic public locations, including Atal Bus Terminals and truck terminals, to make charging more accessible to private vehicle owners and commercial operators.

EV incentives to support green mobility

Infrastructure expansion is being complemented by financial incentives under the Odisha Electric Vehicle Policy, aimed at encouraging consumers to shift from conventional fuel-powered vehicles to electric alternatives.

The coordinated efforts of the Centre and the state government are expected to strengthen Odisha’s EV ecosystem, reduce concerns over charging availability and encourage wider adoption of electric vehicles.

With charging facilities planned across industrial towns, tourism destinations and major transport corridors, Odisha is seeking to make electric mobility more practical and accessible beyond its major urban centres.

The success of the proposed expansion, however, will depend on timely implementation, reliable power supply, appropriate site selection and the operational readiness of the charging stations.

Segway Powersports Unveils MY27 Lineup and iFUN 2.0 at EICMA 2026, Outlines Global Growth Plans

MILAN, Nov. 4, 2026 /PRNewswire/ — Segway Powersports unveiled its Model Year 2027 (MY27) lineup and next-generation iFUN 2.0 connected system at EICMA 2026. Alongside upgraded ATVs, a flagship two-row UTV and new connected technologies, the company outlined plans to expand its global dealer and service networks.

AT6 Pro: More Power, Sharper Control

The MY27 AT6 Pro is a key performance model in the lineup. Powertrain and handling improvements give riders more power and greater control. Its 606cc engine, paired with a CVTech transmission, now produces 49 hp. Overall powertrain performance has improved by approximately 15%. To help riders harness that power, electronic throttle control and selectable riding modes allow them to tailor power delivery to changing terrain.

AT10: Flagship Power and Performance

Built for powerful acceleration and demanding off-road rides, the MY27 AT10 is Segway Powersports’ flagship ATV. Its in-house-developed 999cc parallel-twin DOHC engine produces 97 hp and 92 N•m of torque, powering the vehicle from 0 to 100 km/h in eight seconds. Precise valve control supports strong performance at high engine speeds, while the engine’s low-vibration design helps keep longer rides comfortable. The AT10 also features iFUN2.0 for a more connected riding experience.

UT10 Crew Pro: All-Weather Comfort, Every Adventure

The UT10 Crew Pro is Segway Powersports’ flagship two-row UTV. Its fully enclosed cabin combines automotive-grade sealing with double-layer door seals to help keep dust, moisture and outside noise at bay. Inside, a heating, ventilation and air conditioning (HVAC) system keeps the cabin comfortable. Whether working outdoors or exploring trails with family and friends, drivers and passengers can enjoy a comfortable ride. Steering-wheel controls and iFUN 2.0 put vehicle functions within easy reach.

SX20T: Putting Performance to the Test

Powered by a 2.0-liter turbocharged engine producing 235 hp, the SX20T is a high-performance sport side-by-side. The model’s racing potential was put to the test in multiple competitions worldwide.

In 2026, the SX20T made its debut at two major U.S. off-road races: King of the Hammers in February and the Mint 400 in March, finishing third in its group at the latter. In May, it placed second in the T3-N class on the SS2 stage of South America’s Desafío Ruta 40, a rally known for its demanding terrain. In Europe, it secured a third-place finish in the SSV category at Portugal’s Baja Portalegre 500 in October.

At an EICMA ceremony, Segway Powersports also announced its first-ever brand ambassadors: André Rodrigues, Mathias Bellino, Richard Mosna, Nikola Vujnović and Lycett Dayne Christopher. Their experience racing Segway ATVs and SSVs at events worldwide showcases the brand’s off-road expertise and vehicle performance.

iFUN 2.0: A Smarter, More Connected Ride

Developed in-house, iFUN 2.0 brings together six core technologies to simplify vehicle access and control, from preparing for a ride to navigating the trail.

Before setting off, riders can check vehicle information through smartphone connectivity and access the vehicle without a physical key using keyless entry. Digital-key sharing lets owners extend that access to family members or riding partners.

On the trail, transparent chassis technology reveals the ground beneath the vehicle, helping riders spot obstacles and navigate uneven terrain. Voice control and fingertip controls keep vehicle functions easy to operate, while Bluetooth intercom support lets two riders stay in touch through their helmets.

Both the AT10 and UT10 Crew Pro are equipped with iFUN 2.0.

Strengthening Global Reach

Segway Powersports’ global sales network spans more than 65 countries and regions, with over 1,300 retail locations and flagship stores in markets including Spain, Saudi Arabia and Argentina. Building on this presence, the company plans to expand its dealer and service networks to better support customers and dealers worldwide.

At EICMA, Segway Powersports will host its biennial global dealer summit, bringing together dealers and distribution partners from around the world to strengthen partnerships and explore new opportunities for growth.

The refreshed lineup, in-house-developed technologies and global growth goals reflect Segway Powersports’ commitment to enhancing performance, pushing boundaries and inspiring exploration. Together, they embody the brand’s “Fear No Place” philosophy and empower riders to go further and conquer new terrain.

Beyond performance, Segway Powersports is also forging a distinct visual identity anchored by Rider Red——its signature color-paired with the dedicated Segway Powersports logo. Consistently applied across vehicle designs and brand materials, the color creates a bold, instantly recognizable brand presence.

About Segway Powersports

Segway Powersports is Segway’s professional-grade, high-performance powersports line for global markets. Its vehicles combine power, strong torque, durability and responsive handling for diverse and demanding terrain. The brand operates in more than 65 countries and regions, with over 1,300 retail locations and flagship stores in markets including Spain, Saudi Arabia and Argentina.

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Nooks Secures $500M, Launches AI Sales Assistant ‘Node’: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Nov. 4, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on November 4th

• Nooks says Node is the first AI personal assistant for sales
  • The solution learns sales processes and works deals in the background.
  • Node is purpose-built for sales and is designed to understand how customers win deals and hit their quotas.
  • Nooks’ CEO will join NYSE Live to discuss the Revenue Agent Platform.
• Broadridge among NYSE’s newest transfer agent partners
  • The initiative looks to support Issuer Sponsored Tokenized Securities on the new NYSE-affiliated venue for trading tokenized securities
  • In a statement, Broadridge (NYSE: BR) says it will bring onchain governance and digital transfer agency services to the platform.
  • Broadridge executive Danielle Gurrieri will join NYSE Live to share more details on its tokenization efforts and its latest earnings.
• Major averages point to higher open following U.S. midterm elections
  • Democrats retook control of both the House and the Senate, setting the scene for a divided government.
  • Uber (NYSE: UBER), McDonald’s (NYSE: MCD) and CVS Health (NYSE: CVS) released their quarterly figures this morning.

Opening Bell

Samsara (NYSE: IOT) celebrates bringing AI to the industries that power the world

Closing Bell

Inventrust (NYSE: IVT) celebrates its 5^th anniversary of listing

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial

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Exicom Recalibrates Growth Trajectory on the Back of a Strong Q2; Doubles Down on EV Growth in India, Board Approves Tritium Divestment

• Standalone EVSE revenue crosses ₹100 crore for the first time; EBITDA % nearing double digits
• Board approves Tritium divestment; Exicom retains perpetual licence to TRI-FLEX technology

NEW DELHI, Nov. 4, 2026 /PRNewswire/ — Exicom Tele-Systems Limited (BSE: 544133) (NSE: EXICOM), one of India’s leading EV charging and critical power companies, today announced its financial results for the second quarter of FY27. Exicom’s consolidated revenue (a function of Exports and Tritium business) grew steadily to ~₹388 crore, up 38% sequentially. Consolidated EBITDA also turned positive this quarter at ~2 crore, from a loss of ₹32.7 crore in the previous year same quarter. PAT losses also narrowed down to ₹57.8 crore from ₹68.8 crore a year ago.

The standalone business, Exicom’s India engine, continued its steady climb. Revenues grew 21.3% YoY to ~₹277 crore, while EBITDA rose 69% YoY to ₹25.6 crore. Continuous rigor towards tapping new market segments, portfolio augmentation along with operational and financial discipline has enabled Exicom to chart a solid growth path in the Indian market, especially in the EV segment where the company clocked its first ever ₹100 Crore quarter. Set against the rapid rise of e-mobility in India, this momentum places Exicom at the centre of a significant growth opportunity.

With the above context, alongside the results, Exicom’s Board also approved the divestment of Tritium, Exicom’s global DC fast-charging arm.

EV Charging: Doubling down on a growing opportunity

With oil markets’ volatility amid West Asia conflict, electric mobility has become as much a question of energy security as of economics. This is the most important tailwind for EV sector growth in India. As evident in the numbers, EV sales are at a tipping point. 1.9 Lakh EV’s were sold in India between April to September 2026, up 59% from the last 6 months. In addition to this, a whole new segment of e-buses and trucks is ripe for non-linear growth on the back of continued government support. Exicom estimates that this market traction will scale annual charging demand significantly to up to 130K AC chargers, 25K DC chargers and nearly 6K high power DC chargers for the e-bus/truck segment.*^[1] 

Exicom is credited as one of the very first Indian EV charging companies with the largest indigenous manufacturing capability amongst its peers. Deeply trusted in the market, Exicom already works with 7 of India’s top 10 EV makers, 17 of the top 20 charging operators and 9 of 18 e-bus and truck makers, placing it very favourably to capture a large share of this demand.

The current quarter provides a very meaningful preview into Exicom’s growth potential in the Indian EV market. Exicom crossed ₹100 crores in EV revenue in this quarter for the very first time with the company producing 2.5x AC and 2x DC chargers this quarter, followed by new wins across market segments.

Additionally, exports gained new footholds. Building on FY26’s market trials, Exicom entered 10 new countries and onboarded 10 new distribution partners. True to its engineering-first approach, Exicom also strengthened the software layer for its EV chargers, extending AI-based remote monitoring to Spin Air AC chargers and introducing an AI-enabled service agent.

Tritium: Strategic objectives delivered, capital to be redeployed

Exicom acquired Tritium to access global EV charging technology and international markets. Under Exicom’s ownership, Tritium has been on a steady upward trajectory, marked by the commercialisation of its new products and entry into new markets, and today holds its highest order book since the acquisition with a clear path to profitability. The business, however, remains capital intensive. Weighing the capital allocation, with the opportunities for aggressive growth in Exicom’s core markets in India and other export markets, Exicom has taken a calculated decision to divest the Tritium business. The company also shared that it has approved a non-binding term sheet from a prospective acquirer at an indicative enterprise valuation of USD 85 million for the Tritium business on a cash free and debt free basis, subject to confirmatory due diligence, customary closing adjustments and mutual agreement on the definitive transaction documents.

This move puts the company in the driving seat for a much stronger financial performance. This also re-opens the path for the company to be debt-free in the very near future.

“We remain convinced of Tritium’s potential to be a leading power electronics solutions provider to EV charging, Industrial and Data Centre segments,” said Anant Nahata, CEO and Managing Director, Exicom. “The Tritium acquisition has given us access to global markets, and its liquid-cooled power modules are now made at our Hyderabad plant. Those gains stay with us. Together with our established customer base, manufacturing scale, a strong R&D team and a proven product portfolio, we are well placed to win in India and export markets. This decision lets us put our full financial muscle behind that opportunity. We are doubling down on EV charging, and we are doing it from a position of strength.”

Critical Power: Positioned for a renewed infrastructure cycle

Telecom power demand is entering a new growth phase. 5G expansion and large PSU projects provide continued headroom for tower infrastructure upgrades through 2030. With significant share of business in leading telcos, tower cos and govt. projects via SI’s, Exicom continues to expand its addressable market and pipeline. This quarter the business secured a large order of ~5K DC power systems with a tier 1 telecom operator along with strong future visibility. The company also expanded its share in the uncovered villages connectivity program while continuing to lead with ~50% market share in in hybrid power and battery solutions for BharatNet’s mid-mile network. Continuing its focus on driving exports, the Critical Power business added new customers in Africa and the Middle East this quarter. In energy storage, Exicom signed long-term agreements with distributors across home and C&I segments, positioning itself for a market where C&I installations are projected to grow from under 1 GWh in 2025 to as much as 31 GWh by 2032.

“Q2 shows what Exicom can deliver when its India engine sets the pace.” Anant Nahata added. “Energy markets remain volatile and we are watching cost pressures closely, but the demand we are building for, across EV charging, digital connectivity and energy storage, is structural. We enter the second half of this year with focus and clear visibility.”

Financials (₹ Crore)

About Exicom

Exicom is one of India’s leading EV charging and Critical Power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC & DC charger segments and is spearheading India’s transition to sustainable transportation while ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom’s critical power solutions serve as the backbone of communication networks, delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia, Middle East, US, Europe and over 200,000 chargers sold worldwide, Exicom is at the forefront of shaping the global EV charging landscape.

“Certain statements in this release may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied depending upon economic conditions, government policies and other incidental factors”

^[1] Sources – VAHAN; Exicom analysis with CAGR extrapolation for e 4w sales, with reasonable assumptions on AC portable, wallbox and DC per vehicle

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ST Engineering iDirect, KT SAT, Waldo and Intellian Selected to Advance Secure Maritime Connectivity for South Korean Government Project

ST Engineering iDirect’s proven ground technology and South Korean industry expertise will support secure, resilient and scalable mission-critical maritime operations

HERNDON, Va., Nov. 4, 2026 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, today announced that it has been selected as part of a KT SAT-led consortium to provide its satellite ground system for a South Korean government project to modernize and expand secure maritime communications.

The project will see ST Engineering iDirect upgrade the South Korean government’s existing iDirect Ku-band environment, while establishing a next-generation Ka-band satcom system to modernize maritime communications and support dependable connectivity for government maritime operations. The solution brings together KT SAT’s satellite and service expertise, ST Engineering iDirect’s proven ground technology, Waldo’s local integration capabilities and Intellian’s antenna system, to deliver a network designed to support evolving operational requirements.

The deployment will use two geographically diverse hubs to strengthen network availability and minimize operational disruption across the government communications environment. Using ST Engineering iDirect’s proven platform across the existing Ku-band and new Ka-band environments will enable a phased transition while minimizing implementation risk and disruption to ongoing maritime communications.

ST Engineering iDirect’s ground system will provide advanced network monitoring, operational assurance and centralized network management capabilities, giving operators greater visibility and control over network performance and availability, while simplifying operations. The platform will also enhance the security of sensitive communications.

“As the lead contractor and consortium leader, KT SAT will take responsibility for the end-to-end deployment and integration of the system to meet the South Korean government’s mission requirements,” said Hyunbae Park, Executive Vice President of KT SAT. “By combining KT SAT’s extensive experience in satellite communications and government projects with ST Engineering iDirect’s proven ground technology, we will deliver a maritime communications system designed to support stable operations today while providing the flexibility to meet future requirements.”

“This project demonstrates the value of our proven satellite ground technology in supporting government communications where performance, availability and operational confidence are essential,” said Brian Jakins, SVP Global Sales, ST Engineering iDirect. “Together with KT SAT, Waldo and Intellian, we are helping deliver a modern maritime communications capability that supports today’s requirements while providing a foundation for future growth and innovation.”

The deployment builds on ST Engineering iDirect’s extensive experience supporting government, mobility and mission-critical communications networks worldwide, including the recent naval and maritime communications programs in Southeast Asia and Europe. It also reflects growing investment in modern satellite infrastructure that can provide greater operational agility, visibility and long-term scalability for maritime operations.

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

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Milestone for Contactless Fingerprint Biometrics: DERMALOG Qualifies for Prestigious NIST FastCAP Program

DERMALOG’s successful NIST FastCAP qualification marks an important advance in contactless fingerprint biometrics, enabling fast and reliable identification for mobile and digital applications.

HAMBURG, Germany, Nov. 4, 2026 /PRNewswire/ — DERMALOG Identification Systems has successfully completed qualification testing under the Fast Capture (FastCAP) program of the U.S. National Institute of Standards and Technology (NIST). The Hamburg-based company, a leading provider of biometric technologies, is now listed by NIST among vendors whose contactless fingerprint capture technology meets the stringent requirements defined in NIST Special Publication 500-339.

The FastCAP initiative assesses whether contactless technologies can capture all ten fingerprints quickly and reliably without a conventional touch-based scanner. DERMALOG’s qualification demonstrates that its solution delivers high-quality biometric data suitable for secure identification under rigorous standardized testing conditions.

A Breakthrough for Digital and Mobile Workflows

Contactless fingerprint capture makes identification processes faster, more flexible, and easier to integrate into digital workflows. Applications range from mobile identity verification and remote enrollment to civil registration. Citizens can be securely identified or enrolled without conventional fingerprint scanners. The technology is particularly suited to mobile and high-volume environments where rapid, hygienic, and efficient biometric capture is essential.

“Contactless fingerprint capture has enormous potential to make biometric processes more efficient and user-friendly,” said Günther Mull, CEO of DERMALOG. “Meeting the NIST FastCAP qualification requirements underscores the outstanding performance of our technology. This is another major step toward the broader global adoption of contactless biometrics.”

The FastCAP qualification further strengthens DERMALOG’s position as a global innovation leader in advanced fingerprint technologies for secure and seamless biometric identification.

Picture is available at AP

Press contact:

DERMALOG Identification Systems GmbH

Sven Böckler

Media Relations

info@dermalog.com

Phone: +49 (0)40 413 227 – 0

www.dermalog.com

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Mach Travel Solutions Limited Records Highest-Ever H1 Revenue in FY27 with Strong PAT

Q2 FY27 Revenue Jumps 174.7% YoY to ₹204.53 Cr; H1 FY27 Revenue at Record ₹348.86 Cr

PAT Rises 46.9% YoY to ₹9.26 Cr in Q2 FY27; H1 FY27 PAT at ₹15.42 Cr, up 97.2% YoY

NEW DELHI, Nov. 4, 2026 /PRNewswire/ — Mach Travel Solutions Limited (BSE: MACHLTD), formerly known as Mach Conferences & Events Limited, announced its unaudited consolidated financial results for the second quarter and half year ended September 30, 2026.

H1 FY27 marked the Company’s highest-ever first-half Revenue from Operations since its incorporation in 2004, reflecting the growing scale of its business and continued expansion across diversified travel verticals.

During Q2 FY27, Mach Travel Solutions continued its transformation from a predominantly MICE-focused organisation into a diversified, technology-enabled integrated travel solutions platform. The Company continued to execute across Corporate Travel, MICE, B2B, Leisure, Inbound and Government & Institutional Projects, while advancing its B2C digital offering. The period also saw progress in corporate travel, institutional credentials and digital platform initiatives, supporting the Company’s strategy to build a broader travel ecosystem.

Consolidated Key Financials (₹ Cr.):

Financial Performance Review

• Revenue from Operations stood at ₹204.53 crore in Q2 FY27 as compared to ₹74.46 crore in Q2 FY26, representing year-on-year growth of 174.7%, and sequential growth of 41.7% over ₹144.33 crore in Q1 FY27. For H1 FY27, Revenue from Operations stood at ₹348.86 crore as compared to ₹97.08 crore in H1 FY26, representing year-on-year growth of 259.4%.
• EBITDA (including Other Income) stood at ₹14.39 crore in Q2 FY27 as compared to ₹9.67 crore in Q2 FY26, a year-on-year growth of 48.8%, and a sequential growth of 55.98% over ₹9.23 crore in Q1 FY27. EBITDA Margin was 7.00% in Q2 FY27, a sequential improvement of approximately 69 basis points from 6.30% in Q1 FY27. For H1 FY27, EBITDA stood at ₹23.62 crore as compared to ₹11.34 crore in H1 FY26, a growth of 108.3%, with an EBITDA Margin of 6.71% against 11.49%.
• Profit After Tax (PAT) stood at ₹9.26 crore in Q2 FY27 as compared to ₹6.30 crore in Q2 FY26, representing year-on-year growth of 46.9%, and sequential growth of 50.2% over ₹6.16 crore in Q1 FY27. PAT Margin was 4.50% in Q2 FY27 as compared to 8.35% in Q2 FY26 and 4.21% in Q1 FY27. For H1 FY27, PAT stood at ₹15.42 crore as compared to ₹7.82 crore in H1 FY26, representing year-on-year growth of 97.2%, with a PAT Margin of 4.38% against 7.93%.
• Gross Merchandise Value (GMV) stood at approximately ₹532.54 crore in Q2 FY27, reflecting the overall scale of travel transactions handled across the Company’s diversified business verticals during the quarter. For H1 FY27, GMV stood at approximately ₹784.54 crore, comprising ₹252 crore in Q1 FY27 and ₹532.54 crore in Q2 FY27. The Company has commenced disclosure of GMV from Q1 FY27 to provide stakeholders with greater visibility into the scale of its underlying business activity.
• The Company’s performance during Q2 FY27 and H1 FY27 reflects continued execution across its integrated travel solutions platform, with ongoing efforts to scale newer verticals, strengthen technology-enabled offerings and build a more diversified mix of business.

FY27 Revenue Outlook

In view of the Company’s business performance and continued expansion across its diversified travel verticals, Mach Travel Solutions Limited has revised its FY27 revenue target upwards to more than 2.5x its FY26 Revenues.

The revised target reflects management’s expectations for the current financial year, supported by its expanding Corporate Travel business, established MICE operations and opportunities across the Company’s other travel segments.

The Company remains focused on translating business opportunities into sustainable revenue growth while maintaining operational discipline and strengthening its technology-enabled travel ecosystem.

Q2 & H1 FY27 Business & Operational Highlights

During Q2 FY27, the Company continued to build on its transition into an integrated travel solutions platform, with progress across Corporate Travel, MICE, Government & Institutional Projects and its emerging B2C digital offering.

• Continued the Company’s strategic evolution from a predominantly MICE-focused organisation into an integrated travel solutions platform spanning Corporate Travel, MICE, B2B, Leisure and Government & Institutional Projects, alongside the development of its B2C Online Travel Agency (OTA) platform.
• Strengthened its credentials in Government & Institutional Projects after being recognised by the Ministry of Tourism, Government of India, through the National Integrated Database of Hospitality Industry (NIDHI), as an Experienced MICE Tour Operator. The recognition supports participation in government and institutional tenders where such credentials are required.
• Onboarded more than 140 corporate clients for its Corporate Ticketing services and Self-Booking Tool as of September 30, 2026. Since the launch of the dedicated Corporate Travel vertical in April 2026, the client base has expanded across a broad range of industries, including automotive and engineering, pharmaceuticals, financial services, technology, healthcare, education, FMCG, infrastructure, media and manufacturing. This milestone supports the Company’s focus on building long-term corporate relationships and recurring travel business.
• Opened Machtravel.com and the Mach Travel mobile application for public beta testing on August 31, 2026. The B2C platform brings together travel services including Flights, Hotels, Holidays, MICE, Cruises and Visa services, and will be further refined using user feedback.
• Continued to leverage its pan-India operating presence across Noida, New Delhi, Ahmedabad, Mumbai, Kolkata, Bengaluru and Bhubaneswar, alongside its international MICE execution capabilities, to serve corporate, institutional and leisure travel requirements.
• Maintained its focus on scaling the Company’s newer business verticals, deepening technology integration and identifying cross-selling opportunities across its customer base, while progressing the pipeline across its diversified travel businesses.
• With the foundations of the Company’s diversified travel platform continuing to take shape, the focus is increasingly shifting towards scaling each business vertical, strengthening client relationships and leveraging technology and cross-selling to support sustainable growth.

Commenting on the performance, Mr. Amit Bhatia, Chairman & Managing Director, Mach Travel Solutions Limited, said:

“H1 FY27 marks an important milestone for Mach Travel Solutions Limited, as we have achieved our highest-ever first-half Revenue from Operations of ₹348.86 crore since the Company’s inception in 2004, surpassing our entire FY26 revenue. Our Q2 FY27 revenue and PAT stood at ₹204.53 crore and ₹9.26 crore, respectively, while H1 FY27 revenue and PAT stood at ₹348.86 crore and ₹15.42 crore, respectively.

Over the years, we have strategically transformed Mach from a predominantly MICE-focused organisation into an integrated, technology-enabled travel solutions company. Our approach has been to build multiple complementary business verticals, strengthen our leadership capabilities and leverage technology to create a scalable business model.

The rapid expansion of our Corporate Travel business, alongside our established MICE operations, growing institutional presence and investments in digital platforms, reinforces our confidence in the direction we have chosen.

In light of our performance and the opportunities ahead, we have revised our FY27 revenue target upwards to more than 2.5x our FY26 revenue. This reflects our confidence in the Company’s growth potential and the progress of our diversification strategy.

Our ambition is not merely to grow revenue, but to build a strong, sustainable and future-ready travel solutions company with multiple growth engines. We remain committed to disciplined execution, long-term relationships and creating enduring value for our shareholders.”

About Mach Travel Solutions Limited

Mach Travel Solutions Limited (formerly Mach Conferences & Events Ltd.) is a publicly listed technology-enabled travel solutions company listed on the Bombay Stock Exchange (BSE: MACHLTD). Incorporated in 2004, the Company provides technology-enabled end-to-end travel solutions across Corporate Travel, MICE, B2B, Leisure, Inbound Travel and Government & Institutional Projects.

The Company has a strong pan-India presence with offices in Noida, New Delhi, Kolkata, Mumbai, Bengaluru, Bhubaneswar and Ahmedabad, and is accredited by and associated with leading national and international travel associations, including IATA, GBTA, PATA, IATO, ADTOI, OTOAI, SKÅL International, JATA, ICPB, EGAC and NIMA.

For more information, please visit https://www.machtravelsolutions.com.

The Company is also developing its B2C Online Travel Agency platform, Machtravel.com, as part of its strategy to build a comprehensive travel ecosystem.

Mach Travel Solutions Ltd.

Mrs. Swati Aggarwal

Company Secretary & Compliance Officer

Email:

compliance@machtravel.com 

Website:

machtravelsolutions.com 

Adfactors PR Pvt. Ltd.

Mrs. Disha Mody / Mr. Vaibhav Gupta / Ms. Kareena Jain

Investor Relations

Email:

disha.mody@adfactorspr.com 

vaibhav.gupta@adfactorspr.com 

kareena.jain@adfactorspr.com 

Website:

www.adfactorspr.com

Safe Harbour

This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Mach Travel’s future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Mach Travel Solutions undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.

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Agniveers May Get Two-Year Extension After Initial Four-Year Tenure Under New Government Plan

New Delhi, Nov 4: In a significant move aimed at expanding career opportunities for Agniveers, the Centre has introduced an option allowing them to continue serving in the armed forces for an additional two years after completing their initial four-year engagement under the Agnipath scheme.

The decision, announced by Chief of Defence Staff (CDS) General N.S. Raja Subramani at a press conference on Wednesday, is expected to provide greater continuity of service and improve the prospects of Agniveers seeking permanent positions in the military.

Under the revised arrangement, 25 per cent of Agniveers completing their initial four-year tenure will continue to be eligible for induction into the regular cadre, as provided under the existing framework. Of the remaining personnel, 75 per cent will be offered an opportunity to undertake a second engagement period of two years.

At the end of the extended tenure, these Agniveers will also be eligible for consideration for regular service, subject to their willingness, prescribed selection standards and the operational requirements of the armed forces.

Explaining the rationale behind the decision, General Subramani said the additional engagement would give Agniveers more time to develop their military capabilities and demonstrate their suitability for long-term service.

Their performance during the extended period will be assessed on several parameters, including physical fitness, discipline, motivation, morale, technical proficiency and achievements during service. Organisational requirements and the armed forces’ manpower needs will also play a crucial role in the final selection.

The CDS emphasised that the process would follow objective evaluation criteria, with personnel undergoing periodic performance assessments throughout their service.

The proposed two-year extension is also expected to bring financial benefits. Agniveers opting for the second engagement period will receive higher remuneration and enhanced service fund benefits compared to their initial tenure, offering better financial returns for the additional years served.

The government believes the arrangement will help the armed forces retain trained personnel who have already acquired military skills, operational experience and an understanding of military discipline during their first four years.

The move comes at a crucial time, as the first batch of Agniveers is completing its four-year engagement in November 2026. The new provision could offer those not selected for regular service an additional opportunity to remain within the military system and strengthen their prospects of eventual absorption.

Introduced in 2022, the Agnipath scheme provides for the recruitment of personnel into the armed forces for an initial four-year period, with up to 25 per cent eligible for retention in the regular cadre.

With the proposed second engagement option, the government appears to be seeking a balance between the scheme’s original recruitment framework and the need to provide greater continuity and career opportunities to trained military personnel.

The revised arrangement could therefore mark an important development in the evolution of the Agnipath scheme, although the final selection for regular service will continue to depend on individual performance, eligibility and the requirements of the armed forces.