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National, October 23^rd, 2024: PVR INOX Limited, the largest and most premium cinema exhibitor in India, is thrilled to unveil its Halloween Film Festival, an exciting celebration that invites horror enthusiasts and cinema lovers alike to immerse themselves in a spine-chilling cinematic experience. The festival will showcase exclusive re-releases of iconic horror films, offering moviegoers the thrilling opportunity to experience the chills and screams all over again on the big screen.

From October 23^rd, 2024, to October 31^st, 2024, PVR INOX will showcase an impressive lineup of iconic horror films that are sure to send shivers down your spine. The festival features chilling classics and modern favourites, including The Conjuring (English), The Conjuring 2 (English), The Conjuring 3 (English), IT Chapter One (English), IT Chapter Two (English), Bhoot (Hindi), Don’t Breathe (English), Stree (Hindi), Munjya (Hindi) and Bhediya (Hindi).

“Halloween is a time when we let our imaginations run wild, and we wanted to reflect that in our festival,” says Gautam Dutta, CEO – Revenue and Operations, PVR INOX Limited.

“Watching a horror film in a theatre is an unmatched experience—the collective gasps, the heightened tension, and the immersive sound and visuals make every scare more thrilling. At PVR INOX, we’re excited to bring this electrifying atmosphere to life this Halloween, offering moviegoers the perfect way to experience fear like never before!”

Attendees will have the opportunity to enjoy this cinematic feast in over 70 cinemas and 30 cities.

So, whether you’re a die-hard horror fan or just looking for a spooky treat this Halloween, the PVR INOX Halloween Film Festival promises to be a cinematic ride like no other. Grab your popcorn, brace yourself, and prepare for a journey into the unknown.

New Delhi, October 23, 2024:  NIIT Learning Systems Limited (Ticker Symbol: NIITMTS), a global leader in managed learning services, announced the results for the second quarter ended September 30, 2024.

During the July to September 2024 quarter, the company recorded a consolidated Net Revenue of , up 4% YoY with EBITDA  and EBITDA Margin stood at 24%. Profit After Tax was and the EPS stood.

The results were taken on record at the meeting of the Board of Directors held on October 23, 2024.

NIIT MTS added two new global Managed Training Services (MTS) customers during the quarter, including one of the top FMCG brands globally and a leading energy major. NIIT MTS now partners with four of the top ten companies in the energy sector. Additionally, the company maintained its track record of 100% renewals, with four contract renewals and expanding the scope of one client, bringing revenue visibility .

Commenting on the results, Vijay K. Thadani, Vice Chairman & Managing Director, NIIT MTS stated, “In Q2 FY25, NIIT MTS has continued to showcase its resilience and adaptability, delivering year-on-year growth and robust profitability. We added two marquee MTS clients and maintained a 100% renewal record. Our strategic focus on innovative solutions, including GenAI-powered platforms, have been key drivers of strong customer addition and retention.”

Commenting on the results, Sapnesh Lalla, CEO and Executive Director, NIIT MTS, said, “Our Q2 FY25 performance reflects strong customer trust and enduring partnerships. Despite tighter industry budgets, we continued with industry-leading growth, customer addition and retention. The positive reception to our AI-driven solutions reinforces our leadership in this space. Our work continues to receive industry recognition such as 63 Brandon Hall awards. These awards are testament to the pioneering work we do for our customers.”

 Awards and Accreditations

• NIIT MTS earned 63 Brandon Hall HCM Excellence Awards jointly with customers including 31 gold awards, 16 silver awards and 16 bronze awards across a broad range of categories.
• NIIT MTS was accredited Gold Standard for the ninth consecutive year by the Learning and Performance Institute
• NIIT MTS was named to Training Industry’s Top 20 Experiential Learning Companies for the fourth consecutive year 

Kuda Villingili Resort, nestled in the pristine beauty of the Maldives, is delighted to announce its highly anticipated Festive 2024-2025 celebrations, themed “East Meets West.” This year’s festivities promise to deliver a harmonious blend of cultural refinement and exhilarating adventures, offering guests a truly immersive and unforgettable holiday experience.

Running from December 23, 2024, to January 7, 2025, the “East Meets West” celebrations will bring together the best of both worlds, combining the elegance of Eastern traditions with the vibrancy of Western culture. With a lineup of exciting events, the resort aims to create a one-of-a-kind experience for guests of all ages.

The celebrations will commence on December 23 with an enchanting tree-lighting ceremony. Guests are invited to come together for festive carols, marvel at a stunning island-style Christmas tree, and stroll along lantern-lit pathways to kick off the holiday season.

On Christmas Eve, the vibrant atmosphere at Kuda Villingili will take center stage at Raalhu Bar with a lively cocktail party, featuring the festive beats by resident DJ, followed by a magnificent Christmas Eve Gala Dinner at The Restaurant Beach, where a live band will elevate the festive atmosphere. December 25 brings festive cheers, gifts, and the much-anticipated arrival of Santa Claus, promising a magical holiday experience for both children and adults.

The festive celebrations at Kuda Villingili Resort will continue to offer a diverse array of experiences that cater to every taste and preference. Guests can look forward to a magical Cinema Night under the stars, an Arabian Shisha Night, library wine dinners, karaoke nights, and more, ensuring a variety of engaging activities for all.

New Year’s Eve celebrations on December 31 will begin with a cocktail reception and a live band performance, setting the mood for an exciting evening. The highlight of the night will be the special East Meets West Gala Dinner, where guests will enjoy a spectacular fusion of Eastern and Western culinary delights, complemented by live entertainment featuring musicians and special performers. The evening will culminate in an unforgettable New Year Countdown and fireworks, as guests toast to 2025 with bubbles and new resolutions.

For young guests, the Kuda Fiyo Kids Club has curated a series of entertaining, educational, and memorable activities. From splashing pool parties and enriching nature walks to cultural immersion experiences and sunny beach days, children will have ample opportunities to make new friends and create unforgettable holiday memories.

Adventure-seekers can look forward to the resort’s extensive range of ocean activities. Whether seeking an adrenaline rush or a serene escape, guests can tailor their ocean adventures, from big game fishing and competitive water games to scuba diving for both adults and children. MSTS Watersports and Diving will lead these thrilling experiences, ensuring every guest finds their perfect balance of excitement and relaxation.

For those seeking fitness and wellness, Kuda Villingili offers a diverse range of sports and wellness activities. Guests can stay active with mat Pilates, aeroboxing, and aqua yoga, or unwind with meditative yoga and reflective painting sessions, designed to nourish both the body and soul.

Kuda Villingili Resort Maldives extends an invitation to guests to partake in an unforgettable festive holiday experience, where the stunning beauty of the Maldives harmonizes with two culturally rich and distinctive realms: the refined elegance and mystique of the East alongside the rugged, adventurous spirit of the West. Bid farewell to the old year and welcome the new one with optimism and joy at Kuda Villingili Resort Maldives.

Indore, October 22, 2024: SVKM’s NMIMS Indore and EHIS successfully concluded the MU20 Opportunity Summit 2024 – Asia’s largest gathering of leading high schools. Organised by the MU20 School of Opportunity in collaboration with AFS India, the summit drew over 3,000 attendees, including more than 2,000 students from over 100 globally renowned schools.

The three-day gala event transformed the campus into a vibrant hub of innovation and learning. Students showcased remarkable enthusiasm, engaging in various activities to hone their soft skills, leadership abilities, and collaborative spirit.

The summit commenced on October 19 at the Emerald Heights International School with the traditional ‘lighting of the lamp ceremony.’ Dr Himanshu Rai, Director of IIM Indore, Mr Siddharth Singh, Director of Emerald Heights, and esteemed members of the MU20 Advisory Board presided over the inauguration. The subsequent two days unfolded at the expansive NMIMS Indore Campus.

The first day witnessed a myriad of events, including a unique ‘Cultural Walk showcasing India’s rich diversity, with students donning traditional attire from various regions. Mr Siddharth Singh remarked, “Witnessing the students’ enthusiasm and active participation in these engaging competitions is truly heartening. The event’s success is a testament to the calibre of our participants.”

The summit also featured various events and workshops conducted at the NMIMS Indore campus. The ‘MU20 Under 20’ event celebrated exceptional young talents across various domains. Another highlight was the ‘Entrepreneurship Challenge,’ organised in partnership with the Government of India’s ‘Start-Up India’ initiative, which fostered entrepreneurial spirit among participants. The challenge was judged by an eminent panel of Mr Utkarsh Singh, Forbes 30 under 30 Asia, Ms Nishi Bordia, Indian School of Business IVI Entrepreneur and Mr Vijay Mahnot, Stanford Seed consultant (USA).

Aspiring artists partook in Performing Arts workshops conducted by Mr. Anupam Kher’s renowned film school, ‘Actor Prepares.’ The school also organised the ‘Theatrics Challenge’, where students demonstrated their acting prowess and storytelling skills before a live audience.

The ‘Impact Challenge’ empowered participants to devise innovative solutions for pressing global issues, promoting sustainability while enhancing problem-solving and teamwork skills. The ‘Model United Nations Committees’ brought together students from diverse backgrounds, fostering diplomacy and collaboration as they addressed critical global concerns.

Reflecting on the summit’s success, Dr Anshuman Jaswal, Director, NMIMS Indore, stated, “The MU20 Opportunity Summit has been an extraordinary platform for knowledge exchange and skill development. Its resounding success motivates us to organise more impactful events at the collegiate level.”

Dr Sumer Singh, President, MU20 School of Opportunity, added, “Hosting students from prestigious schools across India and overseas has been an honour. This forum not only explored political and creative ideologies but also celebrated diverse cultures. The rich blend of perspectives fostered global understanding and appreciation among participants.”

The summit concluded with the ‘MU20 Carnival,’ featuring music, dance, and culinary delights, providing a fitting finale to three days of intense learning and collaboration.

New Delhi, October 23rd 2024: In an era of rapid medical advancements and evolving healthcare challenges, upskilling has become more critical than ever for medical professionals. A recent survey conducted by OC Academy has unveiled a significant demand for advanced upskilling opportunities among doctors in India, highlighting a paradigm shift in medical education.

The study, which gathered responses from 400 medical professionals across various specialties and experience levels, reveals a pressing need for specialized training programs that go beyond traditional Continuing Medical Education (CME). This demand underscores the medical community’s commitment to staying at the forefront of medical advancements and delivering cutting-edge patient care. An overwhelming 93.58% of surveyed doctors either approved or strongly agreed that there is a need for additional upskilling opportunities in India beyond CME. This includes specialized training programs, advanced courses, and other academic opportunities.

The survey uncovered several key trends that diverge from conventional medical education approaches. A significant majority of doctors, 61.35%, favor a hybrid mode of learning, combining online and offline components. This trend reflects the need for flexibility and practical experience in medical education. When considering enrollment in specialized upskilling programs, nearly a quarter of respondents (23.84%) prioritize the availability of practical hands-on experience or simulations, emphasizing the importance of experiential learning in medical education.

It also revealed a strong inclination towards self-driven learning, with over half of the respondents (55.09%) actively searching for resources online. This indicates a shift towards self-directed, continuous learning among medical professionals. Interestingly, the desire for upskilling spans across all career stages, with 38.89% of respondents having more than 20 years of experience and 24.77% having less than 5 years, highlighting the universal need for continuous professional development in the medical field.

The survey provided several critical insights into the current state of medical education and upskilling in India. The overwhelming demand for upskilling beyond CME, expressed by 93.58% of respondents, stands out as a clear call to action for educational institutions and policymakers. The preference for hybrid learning models, indicated by 61.35% of doctors, suggests a need for flexible, technology-enabled learning solutions.

Challenges to upskilling were also identified, with lack of time (31.02%) and lack of suitable courses (33.56%) emerging as the top hurdles faced by doctors. This highlights the need for more accessible and tailored upskilling programs. The survey also revealed that a significant portion of respondents, 40.05%, own their own clinic or hospital, indicating a substantial entrepreneurial spirit within the medical community. Despite the high demand for upskilling, only 27.31% of respondents are currently enrolled in upskilling programs, pointing to a significant gap between desire and actual participation in continued education.

Mr. Balu Ramachandran, the Co-founder and CEO of OC Academy, stated, “Our survey reveals a critical inflection point in medical education in India. With 93.58% of doctors expressing a need for specialized upskilling beyond traditional CME, we’re witnessing a paradigm shift in how medical professionals approach lifelong learning. This overwhelming demand signals not just a gap, but an opportunity to revolutionize medical education. At OC Academy, we’re committed to bridging this gap with innovative, flexible, and practice-oriented upskilling programs that cater to the evolving needs of India’s diverse medical community. Our goal is to empower doctors at every career stage with the knowledge and skills they need to deliver cutting-edge patient care in an ever-advancing medical landscape.

He further added, “Looking ahead, we envision a future where continuous medical education seamlessly integrates with clinical practice, leveraging technology to provide personalized learning experiences. We’re developing AI-driven platforms that adapt to individual learning styles and professional needs, ensuring that every doctor can access the most relevant and up-to-date medical knowledge at their fingertips. By 2030, we aim to have empowered over 1 million healthcare professionals across India with these next-generation upskilling tools, fundamentally transforming the landscape of medical education and patient care in our country.”

OC Academy is committed to addressing this clear demand for specialized upskilling opportunities among Indian doctors. We are developing comprehensive, flexible, and accredited programs that cater to the specific needs of medical professionals across various specialties and career stages. By leveraging a hybrid learning approach and focusing on practical, hands-on experience, we aim to bridge the upskilling gap and contribute to the continuous professional development of India’s medical community.

Linc Limited, a leader in the writing instruments industry, is pleased to announce the appointment of Mr. Shivam Nathani as the Deputy General Manager- Finance. With over 13 years of extensive experience in the manufacturing sector, Mr. Nathani brings a wealth of knowledge and expertise in financial management, compliance, and strategic planning.

Mr. Nathani has been associated with Linc Limited since May 2023, where he has made significant contributions as Head of the Department. His proficiency in Goods and Service Tax (GST), direct taxation, and financial reporting, along with his strong communication and team-building skills, make him a valuable addition to the senior management team.

In his current role, Mr. Nathani oversees the finalization of annual books of accounts, preparation of balance sheets and profit and loss accounts, and the review of monthly, quarterly, and annual financial closings. He is also responsible for implementing and reviewing the company’s budgeting process in SAP, managing statutory compliance, and coordinating with statutory and internal auditors.

Before joining Linc Limited, Mr. Nathani held key positions at Electrosteel Casting Limited, where he served as Assistant General Manager – Accounts, and at A Infrastructure Limited as Manager – Accounts & Finance. His experience in handling complex financial consolidations, compliance matters, and departmental management, both in India and with international subsidiaries, has equipped him to take on the challenges of his new role.

Mr. Nathani is renowned for his meticulous attention to detail and exceptional ability to perform under pressure, consistently ensuring accuracy and efficiency in all aspects of financial operations. His association with Linc Ltd. promises to enhance the company’s financial framework, driving both operational excellence and strategic growth.

With extensive experience in international acquisitions and the establishment of subsidiaries and joint ventures in India and abroad, Mr. Nathani brings a wealth of expertise. He is highly adept at setting up systems and processes that streamline operations, while also making strategic financial decisions to ensure effective control across joint ventures and subsidiaries. His proficiency extends to financial planning and analysis, with a strong focus on internal control design and adherence.

Beyond these competencies, Mr. Nathani excels in developing new systems, spearheading process improvements and automations, and managing project planning and feasibility studies. His solid foundation in cost analysis and pricing strategies makes him a valuable asset in steering Linc Ltd. toward sustained financial success and growth.

Bengaluru, 23rd October 2024: United Way Bengaluru (UWB) in partnership with Zila Panchayat, Davangere supported by Advanced Micro Devices India Pvt. Ltd. (AMD), has set up digital classrooms enhancing coaching for students in Davangere district. These smart classrooms have been set up in 21 Pre-University Government colleges in the district.

The Joint Entrance Examination (JEE) by the National Testing Agency (NTA) under the Ministry of Education (MoE), Govt. of India is the basis for students entering the engineering stream. Considered as one of the toughest examinations in India, the JEE is the gateway for pursuing engineering as a career for students. In recent years, the quality of coaching has become a crucial factor in the probability of students getting a college and stream of their choice. Many students have to move cities to get quality training which uproots them from their family and local communities; it is also a large financial burden for the families to sustain such an effort. These barriers are a key reason many students find it difficult to score well in the JEE.

Recognizing this gap in the system, the Zila Panchayat, Davangere embarked on bringing world-class infrastructure available in the metros to Davangere by expanding access to technology with new smart classrooms. The ease of access and locally available infrastructure aim to bring quality training infrastructure to those who otherwise could not afford to travel to metros and to girls who have an interest but could not find coaching infrastructure locally.

It is anticipated that more than 6500 students studying in Davangere will benefit from these digital classrooms.

Speaking on the occasion Ms. Gunjan Krishna (IAS), Commissioner for Industrial Development and Director, Department of Industries & Commerce, Government of Karnataka said, “Enhancing opportunities by providing quality learning is the cornerstone of increasing the per capita income of the district. The children in Davangere have the talent to outshine their peers if we can give them the same infrastructure that the others have. The effort made by United Way Bengaluru and AMD to come together and help enhance the possibilities for children from the district to become engineers is laudable.”

Jaya Jagadish, Country Head, AMD India & SVP, Silicon Design Engineering said, “No child must have to live with the regret that they did not get the opportunity to make their life better. At AMD we draw from the societies we live in and Davangere is a prime example of how companies like AMD can build stronger and more resilient fraternities which contribute to nation building. Through our Corporate Social Responsibility initiatives, AMD provides many such enablement in STEM leadership for students. We are proud to have this opportunity to give back to society.”

Speaking on the occasion Mr. Rajesh Krishnan, CEO, United Way Bengaluru said, “United Way connects partners, donors, volunteers, and community leaders to tackle the root causes of the world’s most complex challenges while making a positive impact in the lives of millions of people. Together we are taking meaningful steps promoting inclusive and accessible education, ensuring that students have the tools they need to thrive in today’s digital age. The initiative of the Zila Panchayat will go a long way in bridging the gap and building talent while scaling the incomes in Davangere.”

22 Oct 2024: New research by BSI reveals growing public confidence in AI capabilities, with over half (55%) of Indian respondents saying AI could perform some aspects of their job, up from 37% in 2023. Similarly, 53% feel that AI could do the menial parts of their job, up from just 10% in 2023. The study also revealed that people are optimistic about AI’s capabilities – three in five in India (62%) expect to be collaborating with AI “colleagues” by 2050, the highest of the countries surveyed.

Despite this rising confidence in AI, more than three in five (65%) think there should be a standardized system for flagging issues or inaccuracies with AI tools, and 61% have privacy concerns when interacting with AI-driven technologies.

The data is published as part of Innovating for our future: AI, quantum and an all-electric and connected society, a report which aims to build understanding of the public perception of what such a society might entail. It coincides with this year’s International Electrotechnical Commission (IEC) General Assembly, where the international community will discuss standards across fields such as AI and technology.

The report reveals that in India, expectations for future technological advancements are particularly high, with 34% predicting flying personal vehicles and robot police officers (35%). By 2055, 52% expect to see AI systems capable of matching or surpassing human capabilities, while 48% foresee fully autonomous vehicles becoming part of daily life. Innovations such as anti-aging drugs (42%) and space-based solar power (50%) are also expected to be on the horizon.

Support for an all-electric and connected society was also strong in India (alongside China), with 89% backing this transition, even if it requires sharing more personal data. Just over a third of Indian respondents believe this shift could improve participation in society for individuals with specific care needs, and the same proportion supports its role in enhancing public transport reliability and reducing emissions.

Although the survey found some evidence of increasing confidence in AI, global consumers were less familiar with other advanced technologies such as quantum computing. Only 49% said they felt that governments and experts in the field are proactively communicating enough about the opportunities and risks of supercomputing. And only 43% said the opportunities of supercomputers and quantum outweigh the risks. 38% were found to be concerned that wider adoption of supercomputing would increase dependence on computing technologies, and 36% expressed concern that it would dramatically increase global carbon emissions and, consequently, the impacts of climate change.

Theuns Kotze, Managing Director, BSI Group India Private LTD, said: “It’s positive to see the optimism for AI growing in India – we have much to gain from the widespread but thoughtful adoption of disruptive technologies such as AI and quantum computing. As well as improving our efficiency and productivity, they have a part to play in facing some of our greatest challenges, from the climate crisis to the detection and treatment of cancer. This potential to be a force for good will only be realised if there is trust. We have the opportunity to adapt and build an ecosystem that can ensure that these new technologies are appropriately governed, so that trust can be established, and innovation can flourish.”

Philippe Metzger, IEC Secretary-General, said: “The benefits of AI and other emerging technologies such as quantum are only just beginning to be explored. From autonomous vehicles to supercomputing for financial hubs, these technologies have the potential to transform our lives. That’s why having frameworks in place that people can trust is crucial. This research highlights the important role that all of us in the standards ecosystem have to play in creating a stronger foundation for that trust, for innovation, and for compliance. By bringing the global community together at the IEC General Meeting in Edinburgh this week, we are demonstrating a strong commitment to bring the power of standards and conformity assessment to new technologies so that they best serve the needs of humanity now, and into the future.”

India, 23rd October 2024 – Amadeus has signed an enhanced distribution agreement with United Airlines. As part of the agreement, the Chicago-based carrier will offer a wide range of content through the Amadeus Travel Platform.

The partnership includes both New Distribution Capability (NDC) and EDIFACT content, providing travel sellers the broadest selection of flights and fares in the United States and around the world, helping them to create the personalized trips travelers increasingly expect through NDC.

“Amadeus has been a vital distribution partner in the deployment of NDC, and we are delighted to accelerate that journey today,” said Kurt Van Meir, Managing Director, Distribution, United Airlines. At United Airlines, we look forward to deepening our collaboration with Amadeus as we work together to create an enhanced shopping experience for travelers across every channel.”

“Our approach to delivering airline content combines technology, innovation and traveler centric solutions to enable travel sellers to offer the right journeys to meet each traveler’s specific needs, all with a seamless shopping, booking and servicing experience. Of course, NDC content and capabilities play a vital role in making this possible,” said Kamal Singhee, Senior Vice President, Airlines, North America at Amadeus. Building upon our longstanding relationship with United Airlines will enable travel sellers to provide the full benefits of NDC content and technology to travelers in the United States and around the world.”

Mumbai, India, October 22, 2024: Choice International Limited (BSE: 531358, NSE: CHOICEIN), one of the leading financial services companies operating across India (“CIL”, “Choice” or the “Company”), announces its results for quarter and half year ending September 30th, 2024.

Commenting on the Q2 & H1 FY25 performance Mr. Kamal Poddar, Managing Director said:

India ranked as the second-best performing major market globally in H1 FY 2024-25, behind Hong Kong. Nifty 50 saw consistent monthly gains, supported by strong investor inflows, post-election political stability, and a positive economic outlook. Choice closed the quarter on a strong note, with growth of 29% clocking the revenue . For the half year ended, Revenue stood , EBITDA and PAT stood and Rs. 78 Cr, respectively, reinforcing our continued success. This strong H1 FY25 performance highlights our robust growth and reflects our dedication to consistently achieving our financial goals.

Choice consistently exceeds expectations across all segments.

I) The broking & distribution business which comprises 64% of our total revenues achieved a growth of 30% YoY translating to a revenue  in Q2 FY25

a. The stock broking business has added 40K demat accounts, bringing the total to 931K demat accounts. Our stock broking division has experienced substantial growth, with a strong focus on user retention and expansion into Tier III cities and beyond

b. The AUM for the Wealth Product business reached , marking a substantial YoY growth of 129%. This significant growth is attributed to enhanced cross-selling efforts, driven by our extensive portfolio of products in this business segment.

II) Our customer centricity and innovative cross-selling techniques have fuelled rapid expansion of our insurance broking operations. Choice Insurance Broking achieved a premium of in Q2 FY25, marking an impressive YoY growth of 31%. The total number of policies sold reached 68,866, demonstrating a remarkable YoY growth of 687%. Our continuous focus on corporate B2B and institutional clients has resulted in a higher conversion rate with a ratio of 72%

III) NBFC business, contributes 10% of total revenues, has experienced robust growth, with a total loan book , including a retail loan book of Rs. 308 Cr NBFC retail lending in India is growing, especially in the Tier II- III cities. To capture this opportunity, at Choice we are focusing more on retail loans and digitizing our lending operations to streamline and fast track our processes through our mobile app, ‘Choice Money’. This has led to a surge in the revenues for this vertical.

IV) Our subsidiary Choice Consultancy, which oversees the Advisory business contributing 26% of our total revenues, has delivered strong performance with a robust order book . Our active participation in grassroots government projects and key initiatives has significantly bolstered our order book, highlighting our commitment to supporting government efforts

The Choice Business Associate Network continues to expand each quarter, fuelled by increasing financial literacy, particularly in underdeveloped regions of the country. With over 44,000 CBAs currently in our network, they have been key to driving our growth and remain an integral part of our ongoing expansion.

To highlight another accomplishment for this quarter, Choice Finserv has acquired the Loan Portfolio (retail lending business) of Paisabuddy Finance Pvt Ltd and Sureworth Financial Services Pvt Ltd. This will enable Choice to boost its AUM by 75% in a single step. With integration of operations, Choice will significantly expand its geographical reach while reinforcing the commitment of bridging the credit gap for underserved communities

Additionally, the board has approved the appointment of Mr. Raj Kumar as an Independent Director on the board. With his extensive experience as a former Managing Director of LIC, where he played a key role in its successful stock exchange listing, Mr. Raj Kumar brings deep expertise in regulatory compliance, corporate governance, and operational efficiency. His leadership in managing large-scale operations will help Choice to strengthen its governance framework, drive operational efficiency, and support sustainable growth.