Archives January 2024

New Delhi, (16th January 2024 ) Acer culminates an action-packed season of esports tournaments with the hosting of the Asia Pacific Predator League 2024 Grand Finals at the SM Mall of Asia Arena in Manila, Philippines on January 13 and 14, 2024. Fans from across the region are eager to witness exceptional gameplay and the crowning of the next Predator League champions during the grand stage, with 6,000 tickets in the VIP section to the highly anticipated event being sold out within just 48 hours after opening ticket sales.

The Asia Pacific Predator League 2024 Grand Finals will feature 26 of the best Dota 2 and VALORANT esports teams across the region to battle it out to bring home the Predator Shield and their share of the US$200,000 prize pool. The top four teams from the Dota 2 and VALORANT competitions will take home their share of the prize pool as follows: winners US$65,000, second-place US$20,000, third and fourth places US$7,500 each.

“The Asia Pacific Predator League tournament helps Acer connect with all types of players in the region,” said Andrew Hou, President of Acer Pan-Asia Pacific Operations. “This year’s Grand Finals is unlike any other as it celebrates the spirit of competition and adds the excitement of music and entertainment, allowing more enthusiasts to be a part of the thriving esports community.”

The Predator League has been the home ground of up-and-coming esports talents every year. Thousands of teams across the region have signed up for a chance to join and live out their dreams of winning on the big stage since the tournament started in 2018. Aside from action-packed matches, esports fans will be treated to top-notch Filipino entertainment from the country’s top artists, including Acer ambassadors Sarah Geronimo and SB19.

The two-day spectacle will be filled with live-action games, meet-and-greet sessions with Predator ambassadors, and performances by iconic Filipino artists. For Day 1, fans will be treated to epic performances by Urbandub, Al James, Ylona Garcia, UPeepz, and Felip. Day 2 features KZ Tandingan, Sandwich, Franco, Spongecola, Manila Symphony Orchestra, Daloy Dance Company, Josh Cullen, and Pablo at centerstage. There will also be meet-and-greet sessions with Predator ambassadors Cong TV and the Team Payaman boys, burg, KuyaNic, Chibiby, Maggiekarp, amaratv, Een Mercado, Kang Dupet, and Alodia Gosiengfiao.

(Toronto, ON,16th January 2024 ) – Dan Fortin, Foresters Financial Chair of the Board, announced today the appointment of Matt Berman as President and Chief Executive Officer, effective immediately.

Mr. Berman was named President of Foresters Financial US and Canada in March 2023. Earlier, he served as President, of Foresters Financial US and, before that, as Chief Distribution Officer and President of the insurer’s former subsidiary, Foresters Life Insurance and Annuity Company (FLIAC).

Speaking on Mr. Berman’s appointment, Mr. Fortin said, “On behalf of the Board of Directors, I’d like to congratulate Matt on this well-earned appointment. We have the utmost confidence in Matt’s leadership – he has a deep understanding of our organization, values, and the ever-changing dynamics of our industry. Matt has accomplished a great deal during his tenure at Foresters; his contributions and guidance will continue to be invaluable to our future success. As Foresters celebrates its 150th anniversary this year, Matt will usher in a new era of innovation in the solutions we provide to our members and the advisors who serve them.

The Board would also like to thank René Zanin for his contributions as Forester’s Interim President and Chief Executive Officer. René is a key member of our executive team, and we commend him for seamlessly leading the organization during this transition period.”

Mr. Zanin will assume his previous responsibilities leading Foresters Legal and Compliance teams, while assuming additional responsibilities overseeing Member Experience, Engagement, Governance and Development. His new title is Global Chief Legal, Compliance and Membership Officer.

“It is my distinct honor to be named Foresters Chief Executive Officer,” said Mr. Berman. “I would like to thank the Board for their vote of confidence; I am truly humbled and grateful. It’s incredibly rewarding to lead an organization that not only provides a pivotal service to families but also boasts such a rich culture, purpose and lasting impact within our communities. I am excited about our future as we continue to focus on exceptional experiences for our members and their advisors.”

Mr. Berman has played a pivotal role in advancing strategic initiatives in both the US and Canadian markets, spearheading the transformation of Forester’s distribution channels, product portfolio, operations, and underwriting. His notable achievements include new agent-intermediated and direct-to-consumer sales partnerships, diversifying the product portfolio, and a relentless commitment to enhancing the digital customer journey. Mr. Berman also championed a culture of well-being by introducing first-in-market products and member benefits protecting individuals living with diabetes. Throughout his tenure, Mr. Berman has been essential in fortifying the Foresters brand, implementing internal controls, and fostering a culture of innovation.

Mr. Berman joined Foresters Financial in February 2017 and has 30 years of experience leading strategic planning, distribution and product management in both the property and casualty and life and savings insurance sectors, most notably with AXA, AIG and Zurich Insurance.

Mr. Berman holds a Master of Business Administration from New York University, Stern School of Business and a Bachelor of Arts in English from the University of Pennsylvania.

Bengaluru, 16th January 2024: Bharat Petroleum Corporation Limited (“BPCL”), a Fortune Global 500 Company and a Maharatna Energy Conglomerate, has embarked on a collaboration with Trinity Cleantech Private Limited (“TCPL”), a player in the electric vehicle (“EV”) charging industry, to build dedicated fast charging points for 2-Wheelers and 3-Wheelers. BPCL and TCPL have signed the agreement for 3 years which is extendable for another 2 years on mutually agreed terms and conditions.

This alliance aims to provide the adoption of electric two-wheelers (“e2Ws”) and electric three-wheelers (“e3Ws”) through the establishment of dedicated direct current (“DC”) fast charging points across the state.

BPCL and TCPL have inked a comprehensive agreement, initially spanning three years, with provisions for extension up to an additional two years based on mutual terms and conditions.

BPCL, recognized as a Fully Integrated Maharatna Energy Company and a Fortune Global 500 entity, will join forces with TCPL, a Hyderabad-based company known for its expertise in setting up over 800 EV charging stations nationwide. The collaboration’s focal point is the installation of DC fast charging stations for e3Ws and e2Ws at BPCL energy stations across major cities in Uttar Pradesh.

The first milestone of this collaboration will witness TCPL initiating installations in Ayodhya at BPCL energy stations, coinciding with the launch of electric auto-rickshaws for the temple inauguration event, graced by the Hon’ble Prime Minister of India.

The MoU was signed by Rahul Tandon, CGM (Marketing) Retail, BPCL, and Raj Kumar Medimi, Chief Executive Officer, TCPL in the presence of Santosh Kumar, Executive Director Incharge Retail, BPCL, and Surender Nath Mandem, Director- TCPL.

Rahul Tandon, Chief General Manager (Marketing) Retail, BPCL, expressed enthusiasm about the partnership, stating, “BPCL has been providing all forms of energy solutions for personal and commercial mobility to our esteemed customers. We have entered the exciting phase of energy transition towards clean energy. Taking our intent of offering our customers with all energy solutions, BPCL is taking another step for the future of sustainable mobility. BPCL is happy to be associated with TCPL in its journey to set up fast charging network in Uttar Pradesh. The pooling of resources in the public and private sectors to create necessary infrastructure is a great way to promote electric mobility”

Under the agreement, TCPL will focus initially on cities such as Kanpur, Lucknow, Ayodhya, Gorakhpur, Ghaziabad, Noida, Saharanpur, and Agra, setting up DC fast charging stations at BPCL outlets adhering to stringent safety standards and Petroleum & Explosives Safety Organization (PESO) norms.

Raj Kumar Medimi, Chief Executive Officer, TCPL, highlighted the significance of the collaboration, stating, “This is a milestone for Trinity Cleantech Private Limited as we get access to BPCL’s wide network of petrol pumps across the country. This will help us set up DC Fast Charging”

The co-branded DC fast chargers, designed to handle vehicles ranging from 20V to 120V with a current dispensing capacity of 100 Amps per hour, aim to eliminate range anxiety. This initiative aligns with BPCL’s commitment to promoting sustainable mobility and represents an important stride toward combating vehicular pollution and improving environmental conditions.

This partnership not only marks a step in advancing electric mobility but also underscores BPCL’s dedication to fostering innovation and sustainable solutions for a greener future.

Bengaluru, 16th January 2024: Building on the remarkable success of its initial branches in Bengaluru, AU Small Finance Bank (AU SFB), India’s largest SFB, is entering the next phase of expansion in the city. Today, signifies the inauguration of its 9th branch at Malleswaram, Bengaluru, with five additional branches in the pipeline for this fiscal year.

Over the last two years, AU SFB has received immense appreciation for its innovative banking products and services in Bengaluru. The inauguration of the Malleswaram branch underscores the bank’s dedication to addressing the evolving banking needs of the tech-savvy community in Karnataka.

The strong economy of Karnataka makes it a significant market for the banking segment, offering a high potential of deposits and credits. As per Economic Survey 2022-23, Karnataka offers the fourth largest deposit market worth Rs 13,82,552 crores and the fourth largest credit market worth Rs 8,88,922 crores. Bangalore alone contributes to around Rs 9 lakh crores of deposits of the State and remains a key city in AU SFB’s expansion plan in South India.

On Malleswaram branch inauguration, Uttam Tibrewal, Executive Director, AU Small Finance Bank, said, “As a customer-centric bank, we strive to serve customers in Karnataka with our unique proposition while fostering long-term relationships.

We aim for the customers in Bengaluru to enjoy the advantages of our flagship features, such as monthly interest payout on savings accounts, extended banking hours, 24×7 video banking, along with meticulously crafted wealth management products. To date, the positive response and trust from our tech-savvy clientele have instilled confidence in us to extend our presence. AU SFB aims to expand its footprint strategically and progressively in Bengaluru and other Southern states over the next few years.”

As of December 2023, the Southern region has surpassed Rs 3,000 crore in the deposit book of AU SFB, instilling confidence of AU SFB to scale up its operations in South India. With 19 operational branches already in place, including the recent initiation in Coimbatore, AU SFB is set to fulfill its promising expansion plans in the South. The bank aims to reach approximately 37 branches in South India by March 2024.

As India gears up to celebrate its 75th Republic Day, Clay Craft combines tradition with innovation to offer a diverse range of products that elevate your dining experience. Standing proud as the epitome of artistic excellence and craftsmanship in ceramic tableware, Clay Craft’s products reflect the essence of Indian heritage and contemporary design. Celebrate the spirit of unity and diversity with Clay Craft’s exquisite ceramic tableware that embodies the pride of a nation.

Clay Craft’s JCPL Feast Kohinoor Cup & Saucer:

Indulge in the regal charm of the JCPL Feast Kohinoor Cup & Saucer Set in calming green, a celebration of opulence and sophistication. Crafted by Clay Craft, India’s premier ceramic tableware manufacturer, this set of 12 (6 cups and 6 saucers) is designed to enrich your tea or coffee moments.

Priced at Rs. 1,749/-, these 170ml cups feature an intricate Kohinoor pattern, reminiscent of royal jewels, adding a touch of grandeur to your tableware. The rich green hue infuses energy and freshness, making it an ideal choice for both everyday use and special occasions. The cups snugly fit into the accompanying saucers, completing the ensemble with grace.

Clay Craft’s JCPL Feast Kohinoor Cup & Saucer:

Immerse yourself in the warmth of the JCPL Feast Kohinoor Cup & Saucer Set in radiant orange from Clay Craft, an embodiment of regality and style. This set of 12, comprising 6 cups and 6 saucers priced at Rs. 1,749 introduces a touch of luxury to your tea or coffee cups.

With a generous 170ml capacity, these cups showcase an intricate Kohinoor pattern, reminiscent of royal jewels. Whether elevating your everyday tea time or hosting a festive gathering, the JCPL Feast Kohinoor Cup & Saucer Set in orange exudes sophistication, turning your beverage experience into a luxurious affair. Revel in the fusion of tradition and modernity with this exceptional offering from Clay Craft.

Clay Craft’s JCPL Cream Super Cup & Saucer:

The JCPL Cream Super Cup & Saucer Set is the perfect blend of elegance and functionality for your hot beverages. This set of 12 priced at Rs. 1,549, comprising 6 cups and 6 saucers, boasts a timeless design with a rich green hue. Crafted by Clay Craft India, renowned for their quality ceramics, each 170ml cup is delicately balanced, providing a comfortable grip for sipping your favorite beverages.

The accompanying saucers add a practical touch, preventing spills and adding a refined presentation to your serving experience. Whether you’re hosting a gathering or enjoying a quiet moment, elevate your drinkware with the JCPL Cream Super Cup & Saucer Set, combining style and substance in every sip.

Clay Craft’s JCPL Zing Gardenia Mug:

Crafted with precision by Clay Craft India, this single-piece 340ml mug is an aesthetic addition to your drinkware collection. The Zing Gardenia design combines modern aesthetics with a touch of nature, featuring vibrant floral motifs that add a splash of color to your beverage moments. The ergonomic handle ensures a comfortable grip, allowing you to savor your favorite hot or cold drinks in style.

Made from high-quality materials, this mug is both durable and visually appealing and is priced at Rs. 236. Whether you’re starting your day or unwinding in the evening, the JCPL Zing Gardenia Coffee Milk Mug promises a refreshing and delightful drinking experience, making it a must-have for every coffee or tea enthusiast.

Urmi Fiesta Dinner Set of 34 (FI801):

Introducing the Urmi Fiesta Dinner Set, an exquisite ensemble designed to glorify your dining experience. Crafted with meticulous attention to detail by Clay Craft India, this set of 34 pieces is priced at Rs. 16,999/-. The Fiesta collection showcases a timeless design with delicate floral patterns, adding a touch of charm to your dining table.

Comprising dinner plates, quarter plates, bowls, and cups with saucers, this comprehensive set caters to all your dining needs. The high-quality ceramic material ensures durability and a polished finish, while the microwave-safe and dishwasher-safe features enhance convenience. Whether you’re hosting a dinner party or enjoying a family meal, the Urmi Fiesta Dinner Set effortlessly combines style and functionality, promising a dining experience that is as delightful as it is memorable. Upgrade your table setting with this stunning ensemble that harmoniously blends traditional aesthetics with contemporary flair.

As you embark on the joyous journey of celebrating India’s 75th Republic Day, let Clay Craft be your partner in transforming moments into memories. Our exclusive collection not only embodies the elegance of tradition but also mirrors the spirit of a modern, united India. From the regal charm of the Kohinoor series to the refreshing vibrancy of the Zing Gardenia mug and the comprehensive allure of the Urmi Fiesta Dinner Set, each piece is a brushstroke on the canvas of your celebration. Make this Republic Day not just a commemoration but a vibrant expression of your pride and love for the nation, curated with the finesse and grace that Clay Craft brings to your table. Happy Republic Day!

Saudi Arabia, 16th January 2024 The new addition to this year’s Dakar Rally, the 48-Hour Chrono, has finally gotten underway today in the gargantuan Empty Quarter dunes. Although the previous editions have taken them into this daunting landscape, the riders have never encountered such a long stage, 626km of the desert will have tested both their mental and physical stamina today and into tomorrow.

Having made their way across the route as fast they could today, once the clock got to 4pm riders headed to the nearest bivouac.

Adrien Van Beveren is now on his much-favoured terrain and with a second-place finish on stage five he kept Brabec, who led for much of the day, within his sights. Less than half a minute covered them in a ding-dong battle across the dunes before the number 42 took the provisional lead after 400 km.

Currently sitting in second, Ricky Brabec is also still in the hunt on this leg judging the dunes with perfection, whilst keeping an eye on that important fuel consumption which unfortunately caught out Pablo Quintanilla. After a great stage victory yesterday, he ran out of fuel 184 km into the special test losing him over an hour and a half to the front runners. Although disappointed, the rally veteran found some fuel and rejoined the stage to try to regain as much time as he can in the overall standings and go for more stage victories after rest day.

With a reverse starting order after yesterday’s stage José Ignacio Cornejo went all out from sixth as he looked to claw back just over a minute to Ross Branch in the overall standings. With the Atacama Desert on his doorstep at home, Cornejo will have been in his element in today’s dune bashing as he currently occupies ninth position with over four minutes in bonuses.

As the remaining Monster Energy Honda Team riders bed down for the night to re-energize after a substantial day of rallying, it’s all to play for in the morning with the culmination of this stage as the Dakar continues to throw up surprises. More to follow tomorrow when the riders will reunite with the rest of the team after this tough stage.

2024 has marked a remarkable beginning for Utkarsh K. Nemade, as he proudly adds the Maharashtra Kalawant Puraskaar to his ever-growing list of accolades. This prestigious award, organized by Kalawant Vichar Manch & Kamal Film Productions, recognizes the exceptional achievements of 21 Maharashtrian individuals in their respective sectors. Utkarsh was specifically honored for his outstanding contributions to the Film & Media industry.

Utkarsh’s journey has been nothing short of extraordinary, with a multitude of national and international awards already adorning his name. In a single year, he became the first Indian to hold four Guinness World Records, including the titles of Youngest Composer for Playing Tabla for the Longest Time and Youngest Short Film Director to be featured in over 16 countries. Unsurprisingly, his talent and dedication have earned him recognition far beyond his homeland.

Reacting to the receipt of the Maharashtra Kalawant Puraskaar, Utkarsh humbly expressed, “I am deeply honored to receive this prestigious award, which serves as a testament to my relentless pursuit of excellence in the film and media industry. It only fuels my determination to push creative boundaries and deliver impactful content that resonates with audiences worldwide.”

Beyond his Guinness World Records, Utkarsh’s remarkable achievements extend to being nominated for an Oscar in 2018 as a performer and winning the Best Background Score and Sound Designing award for his short film “Nibandh” at the Wardha International Short Film Festival. He was also bestowed with the Best Director award for the poignant short film “Just: A Sad Wrap” at the International Maritime Film Festival, alongside being recognized for the best concept in his student film “I See It, do you?” at SJCC’s Animum Film Festival in Bangalore.

One of Utkarsh’s notable accomplishments is his film “Just a Sad Wrap,” which holds the Guinness World Record as the first Indian fiction short film to be showcased in more than 16 countries. This achievement serves as a testament to his ability to captivate audiences and transcend cultural boundaries.

As Utkarsh K. Nemade continues to set new standards and shine brightly in the film and media industry, it is evident that his passion, talent, and unwavering commitment have positioned him as a force to be reckoned with. With each award and recognition, he solidifies his place as an exceptional filmmaker and artist, leaving an indelible mark on the industry’s landscape.

Mumbai, 16th January 2024: Amazon miniTV – Amazon’s free video streaming service recently released the second season of its highly acclaimed coming-of-age drama series Dehati Ladke. Being an amalgamation of drama, romance, life lessons, and entertainment, the series has been making waves with its intriguing narrative and relatable characters. Following the story ahead of season 1, the second edition will unfold different layers of relationships in Rajat’s life while he works his way to pursue his dreams simultaneously. Igniting an array of emotions with twists and drama at every end, here are the reasons why you must watch Dehati Ladke S2.

● Continuation of a heartwarming story: Dehati Ladke’s riveting first season kept viewers engrossed and gave them an edge-of-the-seat experience. The series chronicles the life of Rajat, hailing from the small town of Gonda, as he moves to the city of Lucknow to pursue his dreams amidst which he tries to find his true self. Season 2 promises to delve deeper into his life, testing his relationships as he gets stuck between his friendship, love, and aspirations. He explores new challenges that will keep audiences hooked until the end.

● Battle between friendship and love: Season 2 will witness an interesting angle where Rajat stands against his friend and love, stuck in a dilemma to make his decision. Situations take a turn, testing his strong bond with Shashank as he rethinks about his relationship with Prerna. With love and friendship at opposite ends, in the upcoming season, we’ll discover Rajat’s decision and whether he reconnects, growing stronger and better in the process.

● A story of determination: Along with heart-touching moments and thought-provoking dialogues, the series is an ode to everyone preparing for competitive exams and living away from their homes. It is the story of struggle, determination, and strong will to never stop and keep working hard to achieve one’s goals. Rajat’s journey is not only inspirational but relatable to many, rekindling the fire and zeal to chase their dreams.

● Evolved characters and return of the stellar cast: The cast of Dehati Ladke has been the core of the series, adding life to their characters with emotionally charged onscreen presence. The skillful cast including Shine Pandey, Raghav Sharma, Tanish Neeraj, Saamya Jainn, Aasif Khan, and Kusha Kapila will be seen in their evolved characters, with more depth and complexity taking the storyline to new heights.

● Free to watch: Explore the aspiring yet entertaining journey of Rajat in Dehati Ladke S2 for free. There is no need to pay to watch this captivating series on a subscription basis. It is free to stream on Amazon miniTV and Fire TV in the Amazon Shopping App and Play Store.

Indulge in the heart-warming moments with a tinge of romance and drama with Dehati Ladke S2 on Amazon miniTV available on Amazon’s shopping app, on Fire TV, and Play Store.

New Delhi; 16th January 2024:On the occasion of National Youth Day, Vedanta Aluminium, India’s largest producer of aluminum, reiterates its commitment to empowering youth across its operations through multiple opportunities for advancement. The company has employed a two-pronged approach, generating extensive employment opportunities with rich job content across its world-class operations, and empowering youths from local communities through education, skill development, grassroots sports, and training in traditional art forms. Together, they are helping youths across India attain sustainable livelihoods and achieve new milestones, contributing to the socio-economic development of their communities and country.

Vedanta Aluminium’s operations include one of the world’s largest aluminum smelters in Jharsuguda and a world-class alumina refinery in Lanjigarh, Odisha, in addition to India’s iconic aluminum producer BALCO in Korba, Chhattisgarh. Over 55% of Vedanta Aluminium’s employees at these locations comprise of top talent in their twenties, working on leading-edge technologies to produce the high-quality aluminum that is supplied to over 60 countries globally for high-end applications. This puts them at the forefront of the growth story and considerable engineering prowess.

The company is also young when considered in terms of the average employee age, which falls between 26-28 years, representing India’s demographic dividend. Given the size and scale of Vedanta Aluminium’s operations, these youths are employed in a diverse variety of roles such as engineering, mechatronics, sustainability, commodities, mining, geology, forensics, geophysics, deep tech, etc. The company has also established tie-ups with top educational institutions to train and further upskill high-performing employees.

Building upon its significant efforts in community development skill development, the company has successfully trained nearly 15,000 youth from its communities through its various skilling programs. These programs are helping bridge the gap between unskilled and semi-skilled youths through training in market-relevant vocational skills, entrepreneurship, climate-resilient agriculture, and the revival of traditional arts and crafts such as Saura and Dhokra, amongst others. Vedanta Aluminium has rolled out Project Panchhi, a recruitment drive that aims to employ 1000 girls from marginalized rural communities, providing them with financial support in completing their collegiate education and also offering employment on successful completion.

Vedanta Aluminium’s commitments also align with key global goals, particularly the ‘Skill India’ vision and the United Nations Sustainable Development Goals, including SDG 1 – No Poverty, SDG 8- Decent Work and Economic Growth, and SDG 10 – Reduced Inequalities. The company has collaborated with esteemed knowledge providers such as NABARD, the National Institute of Solar Energy (NISE), Skill Development Institute (Bhubaneswar) and other top institutions to ensure that the training programs are tailored to the evolving needs of the market and the aspirations of the youth.

Over the years, the company has continuously expanded its vocational skills programs, notably with initiatives like the Vedanta Skill School program in Korba, Chhattisgarh, offering training in various trades including food & beverage, welding, tailoring, hospitality, beauty, etc. The company has also empowered women through the Subhalaxmi Co-operative in Odisha, supporting rural women in becoming successful entrepreneurs through micro-finance, skill development, financial literacy, and market linkage programs.

Additionally, through sustainable livelihood projects in Lanjigarh and the Mor Jal Mor Maati initiative in BALCO, Korba, Vedanta Aluminium offers training in integrated community-based interventions. These efforts aim to enhance incomes by promoting improved farming practices, water management, soil conservation, livestock husbandry, and other aspects, reviving farming among youths as a feasible means of livelihood. Through these efforts, the company is actively helping foster increased entrepreneurship, sustainable economic development, and vibrant local economies across the country.

Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminum, manufacturing more than half of India’s aluminum i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminum products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 world rankings for the aluminum industry, a reflection of its sustainable development practices. With its world-class aluminum smelters, alumina refinery, and power plants in India, the company fulfills its mission of spurring emerging applications of aluminum as the ‘Metal of the Future’ for a greener tomorrow. www.vedantaaluminium.com

Bengaluru, 16th January 2024: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune-based real estate player with a growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter and nine months ended 31st December 2023.

Summary of operational performance:

Collections include contribution from DMA projects

• Reported highest ever quarterly pre-sales, by value, in Q3 FY24

o    Pre-Sales at Rs. 746 crore, grew 18% QoQ

o    Realizations improved both YoY and QoQ due to increased contribution from the ‘24K’ premium luxury segment projects in Baner and Pimple Nilakh

o    KPDL’s flagship project, Life Republic Integrated Township, recorded sales volumes of 4.4 lakh sq. ft. during the quarter

• Achieved pre-sales value of Rs. 2,079 crore in 9M FY24, marking a growth of 36% YoY, resulting from firm sales momentum in new as well as ongoing projects

o    Achieved pre-sales volumes of 2.89 million sq. ft., registering a growth of 26% YoY

o    Launched ~2.73 million sq. ft. across projects in Pune and Mumbai in 9M FY24

o    During 9M FY24, contribution from new launches to the pre-sales value is 57%

o    Life Republic Township project recorded the highest-ever volumes of 1.7 million sq. ft. achieved in any nine-month period

Commenting on the performance, Mr. Rahul Talele, Group CEO, of Kolte-Patil Developers Limited said, “We are pleased to announce robust sales growth as we capture and capitalize on the evolving demand trends. In Q3 FY24, we achieved the highest-ever quarterly pre-sales numbers of Rs. 746 crore, marking a growth of 18% QoQ. The Life Republic project in Pune achieved a historic milestone, recording the highest-ever sales volumes of 1.7 million sq. ft. during 9M FY24, underscoring the enduring value of our product offerings reflecting our commitment to excellence. Heightened economic activity, rising income levels, and interest rate stability continue to give an impetus to the historic demand for residential real estate that we have witnessed in recent times. Through this sustained positive trajectory, we are confident of meeting pre-sales growth targets on the back of a strong pipeline of upcoming launches. In line with our strategy, we actively evaluate business development opportunities to expand market share in key operating markets. Our steadfast focus on exceptional customer experience remains core as we grow across segments and geographies delivering value across stakeholder groups.”