Bondada Engineering Ltd. Hosts Annual General Meeting; Celebrates Landmark Growth and Sets Bold Future Goals

Hyderabad, October 3, 2025: Bondada Engineering Ltd. (BEL), a leading infrastructure and renewable energy solutions provider, conducted its Annual General Meeting (AGM) for FY 2024–25 today. The meeting highlighted the Company’s strong performance during the year, diversification across sectors, and ambitious roadmap for future growth in alignment with India’s digital and energy security vision.

During FY 2024–25, Bondada Engineering achieved several milestones. The Company played a crucial role in the BSNL 4G Saturation Project, executing more than 1,250 telecom towers, about 10% of the nationwide rollout dedicated to the nation by Hon’ble Prime Minister on September 28, 2025. BEL also evolved from a solar EPC contractor into a renewable energy developer, initiating a 2 GW solar park under its subsidiary GreenBond RE Park Pvt. Ltd. and making significant progress in battery energy storage with the execution of a 200 MW/400 MWh project in Tamil Nadu. Diversification into the railways sector was marked by securing an order from South Central Railways covering 452 sites across 1,500 kilometers. On the financial front, the Company reported revenues of INR 1,571 crore (up 96% year-on-year) and net profit of INR 115 crore (up 149% year-on-year), while its credit rating was upgraded to CRISIL A (Stable).

Commenting on the Company’s performance, Dr Bondada Raghavendra Rao, Chairman & Managing Director Bondada Engineering Limited, “FY 2024–25 was a year of transformation and resilience. From telecom and renewable energy to railways and storage, we have proven our ability to deliver at scale while creating long-term value. With bold ambitions and clear strategies, the group is poised to march towards a vibrant future through 2025-2026 towards our 2030 vision of becoming a 25 GW clean energy powerhouse, reinforcing India’s digital and energy security in the process.”

Looking ahead, Bondada Engineering is targeting exponential growth guided by the mantra “Live Excellence.” The Company aims to double its revenue by FY 2026 over the FY 2025 base, triple it by FY 2027, and achieve a seven-fold increase by FY 2030. With revised renewable energy targets of 25 GW, expanded presence in battery storage, and sector diversification, BEL is positioning itself as a key contributor to India’s transition towards clean energy and advanced digital infrastructure.

Remedium Lifecare Approves INR 100 Crore Fundraise & New Identity to Fuel Growth

Mumbai, October 2, 2025: Remedium Lifecare Ltd., a rapidly growing player in the pharmaceutical supply chain and specialty chemicals sector, has successfully concluded its 36th Annual General Meeting (AGM) and Board Meeting.

At the AGM, shareholders approved the adoption of the audited standalone and consolidated financial statements for FY25. They also approved the re-election of Mr. Mansoor Vahab as Non-executive Director, who retires by rotation.

The management also outlined forward-looking initiatives, including the expansion of global operations through its wholly owned subsidiary, Remlife Global PTE, which will strengthen international trade activities, and entry into the Contract Development and Manufacturing (CDMO) segment to collaborate with leading pharma players and create sustainable long-term value.

Separately, the Board of Directors approved several strategic proposals. These include a proposal to change the company’s name to SUPRA PHARMACHEM LIMITED or any other name as approved by the ROC subject to the approval of shareholders, Stock Exchanges, and other statutory/regulatory authorities as may be required. The Board has also approved an increase in the authorised share capital of the Company from ₹110 crores to ₹210 crores. The Board further approved raising up to ₹100 crores through equity shares, convertible instruments, rights issue, or other permissible securities, in one or more tranches, subject to regulatory approvals.

FY 2024–25 was a year of resilience and steady progress for the company despite industry-wide challenges. However, in Q1 FY 25-26 on a consolidated basis, the company reported Profit After Tax (PAT) of ₹464.88 lacs compared to net loss of ₹204.60 lacs in Mar-25. These results reflect disciplined financial management and a strong commitment to sustainable growth.

Commenting on these developments, Mr. Adarsh Munjal, Managing Director of Remedium Lifecare Ltd., said: “FY25-26 marks an important transition phase for us as we focus on global expansion and strengthen our service capabilities through CDMO opportunities. The Board’s decision to explore a new identity and raise fresh capital underlines our commitment to accelerate growth, enhance shareholder value, and position ourselves strongly in the evolving pharma landscape.”

Remedium Lifecare Ltd. is a fast-growing company engaged in the pharmaceutical supply chain and specialty chemicals segment. With a focus on innovation, operational excellence, and global expansion, the company is committed to delivering sustainable value to stakeholders while contributing to the healthcare ecosystem.

About Remedium Lifecare Ltd:

Founded in 1988, Remedium Lifecare Ltd. is a BSE-listed pharmaceutical company engaged in the trading and distribution of raw material as a supply chain management for the pharmaceutical industry with an emphasis on quality, compliance and global reach, the company continues to expand its presence while playing a pivotal role in India’s pharmaceutical ecosystem

RBI Keeps Repo Rate at 5.50%; Dovish Pause Signals Growth Support: Dr. Poonam Tandon

Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life:

“The RBI unanimously voted to keep the Repo rate unchanged at 5.50% and retained a neutral stance (4-2 votes). The MPC noted that inflation continues to remain benign with projections lowered to 2.6% while revising the real GDP growth projections upward to 6.8% in FY 25-26. The RBI also announced several key measures to strengthen the banking sector and improving credit flows pertaining to ECL provisioning framework, Basel III Capital adequacy norms, risk-based deposit insurance, relaxation in large exposure framework which are majorly positive for the capital markets as well. The Governor concluded that recent macro conditions have opened policy space for supporting growth. Overall, the policy decision seemed like a dovish pause, with an emphasis on data dependence.”

SAVE Solutions Pvt. Ltd. Appoints Mr. Kamlesh Prasad as Group Head – HR

New Delhi, 01st October 2025 – SAVE Solutions Pvt. Ltd. is pleased to announce the appointment of Mr. Kamlesh Prasad as the Group Head of Human Resources. In this capacity, he will drive the Group’s HR strategy with a focus on strengthening its people-first culture, advancing employee development, and supporting the organization’s vision of inclusive excellence.

Mr. Prasad is a seasoned and certified HR professional with over 20 years of experience across the banking, financial services, insurance, and manufacturing sectors. He holds a master’s degree in human resources and brings comprehensive expertise in leadership, HR policy and process design, HR administration, change management, organizational development, HR systems, and employee engagement.

Throughout his career, he has served in senior HR leadership roles with leading organizations including Ananya Finance, Sindhuja Microcredit, AU Small Finance Bank, Pearson, Axis Max Life Insurance Ltd. and Haldiram. His professional journey demonstrates a strong ability to align human capital strategies with business goals, lead organizational transformation, and enhance employee experience.

On his appointment, Mr. Ajeet Kumar Singh, Managing Director & Co-Founder of SAVE Solutions Pvt. Ltd., said:

“We are delighted to welcome Mr. Kamlesh Prasad to the SAVE family. His vast experience and leadership will play a crucial role in strengthening our HR framework and fostering a culture of growth and inclusivity.”

This appointment reflects SAVE Group’s commitment to nurturing talent, building a high-performance culture, and driving sustainable growth through its people.

One Inc Expands Life Insurance Payments Ecosystem Through Partnership With Equisoft

Company Selects PremiumPay® for Best-in-Class Inbound Payments Experience

FOLSOM, Calif.| October 1st 2025 — One Inc, the leading payments network for the insurance industry, today announced a partnership with Equisoft, a global provider of advanced digital solutions for the financial services industry. The collaboration brings together One Inc’s PremiumPay® platform and Equisoft’s industry-leading life insurance policy administration solutions to deliver a frictionless, modern premium payment experience for insurers and their policyholders.

Equisoft, trusted by more than 300 financial institutions globally, will integrate One Inc’s best-in-class solution to help their clients streamline inbound premium payments and drive cost reduction. This optimized process will reduce manual processing, support digital transformation efforts, and enhance the overall experience for all policyholders. PremiumPay will enable insurers to offer a wide range of payment options, including popular consumer platforms like Apple Pay, Google Pay, PayPal, and Venmo, as well as traditional methods.

“Payment modernization is an essential part of delivering cost reduction and enabling a truly digital experience in life insurance,” said François Levasseur, Vice President, Global Alliances & Acquisitions, at Equisoft. “Joining forces with One Inc allows us to provide life insurers with a pre-built and plug-and-play premium payment solution. This out-of-the-box integration enables carriers to digitalize premium collections, therefore enhancing agility as well as driving efficiency to deliver the best possible customer experience.”

“By embedding PremiumPay into Equisoft’s trusted policy administration platform, we’re not just modernizing payment options; we’re addressing the evolving expectations of a new generation of policyholders,” said Ian Drysdale, CEO at One Inc. “Today’s younger consumers demand seamless, digital-first experiences that align with their tech-savvy lifestyles. Our partnership with Equisoft empowers insurers to meet these expectations, ensuring they remain relevant and competitive in an industry undergoing a profound generational transformation.”

This collaboration with Equisoft builds on One Inc’s continued momentum in modernizing life insurance payments.

iLink Digital Strengthens AI and Automation Capabilities with FourNxt Acquisition

Pune, 30 September 2025 – iLink Digital, a global leader in enterprise digital transformation, today announced the acquisition of a majority stake in FourNxt, a HyperAutomation specialist headquartered in Dubai with strong delivery operations in India. This acquisition marks a significant expansion of iLink’s AI and automation capabilities and establishes a new global business unit focused on delivering AI-powered business transformation.

Founded in Dubai and supported by delivery teams in India, FourNxt has emerged as a high-impact consulting firm in the HyperAutomation space. With a 70-member team and an enterprise portfolio spanning the Middle East and Europe, FourNxt has consistently delivered automation, AI, and digital transformation solutions to leading organizations. Its proprietary AI governance and orchestration platform, HyperTransform, has enabled businesses to rapidly scale AI initiatives with accountability, transparency, and measurable outcomes.

Strengthening India and Middle East Presence

With India and the Middle East emerging as one of the fastest-growing markets for AI and automation, this acquisition reinforces iLink’s commitment to the region. FourNxt’s delivery strengths from India will be positioned as a strategic capability within iLink’s global AI Business Solutions unit, powering innovation in Generative AI, Intelligent Automation, and Low-Code Platforms. This move will enable Global, Middle East, and Indian customers to accelerate their AI-led transformation journeys while creating new opportunities for local talent.

Leadership and Integration

Following this acquisition, FourNxt’s leadership team will assume global responsibility for the newly formed AI Business Solutions Unit within iLink Digital. Under this mandate, Karthik Pillai, CEO of FourNxt, will lead the unit as part of iLink’s senior leadership team, along with Gautam Krishnan (CTO/COO), who will drive operational and delivery excellence across geographies.

Speaking on the acquisition, Sree Balaji, Co-Founder and CEO, iLink Digital said, “India is at the heart of the global AI opportunity, and this acquisition allows us to strengthen our presence across India and Middle-East. FourNxt’s AI-first mindset, deep domain expertise, and track record of delivery excellence make them a natural fit for our next phase of growth. Their leadership brings vision and agility, and I’m confident they will shape a world-class global business unit that delivers transformative value to our customers.”

Sharing his thoughts, Karthik Pillai, CEO of FourNxt said, “Joining iLink allows us to scale our impact globally while deepening our presence in India and globally, which is poised to be one of the fastest adopters of enterprise AI. By combining forces, we can build a unified AI Business Solutions unit that integrates automation, low-code, enterprise platforms, and governance – bringing global expertise and local relevance to clients.”

Global and Local Impact

The acquisition enhances iLink’s ability to deliver end-to-end AI transformation programs across North America, the Middle East, Europe, and Asia while significantly deepening its presence in India. Clients will benefit from a more comprehensive suite of solutions, streamlined execution, and enhanced innovation capabilities – all anchored in iLink’s global platform and FourNxt’s regional strengths.