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Marking his first visit to Meril’s global headquarters at Vapi, former Indian cricket captain MS Dhoni engaged in a heartfelt and inspiring conversation around “Bachpana Shouldn’t Retire”. “Bachpana Shouldn’t Retire” builds on Meril’s nationwide public health movement, “Treatment Zaroori Hai”, launched to strengthen awareness around timely diagnosis and access to advanced medical therapies.

As a focused extension of this larger movement, “Bachpana Shouldn’t Retire” introduces a dedicated senior citizen health initiative under the Treatment Zaroori Hai umbrella. The campaign reinforces that early detection, preventive screenings and access to innovative treatment options can significantly improve outcomes in cardiac, orthopedic and other age-related conditions —ultimately preserving independence and quality of life in the golden years. The campaign champions a simple yet powerful belief — while age may progress, the spirit of playfulness, curiosity and joy should never fade. The interaction spotlighted the importance of preserving dignity and enthusiasm at every stage of life, especially as India witnesses a steady rise in lifestyle-related conditions among its elderly population.

Speaking about the campaign’s deeper purpose, MS Dhoni emphasized, “I have always believed that taking care of your health is one of the most important things you can do — for yourself and for the people who love you. We all have a responsibility, especially the younger generation, to make sure our parents and grandparents get the care, attention, and support they deserve. Initiatives like Treatment Zaroori Hai are a step in that direction, and I am glad to be part of this.”

A National Movement for Families

Envisioned as a nationwide digital participation movement, the campaign encourages young Indians to spend meaningful time with their grandparents — whether by revisiting a childhood game, sharing a hobby, or simply capturing a joyful everyday moment. By blending emotional connection with preventive healthcare awareness, the initiative reinforces that emotional well-being and physical health go hand in hand.

India is witnessing a sharp rise in lifestyle-related health conditions that significantly affect healthy aging. Cardiovascular diseases account for nearly 28% of all deaths in India, making them the country’s leading cause of mortality, according to the Indian Council of Medical Research (ICMR) and the Global Burden of Disease study. At the same time, changing lifestyles and reduced physical activity have accelerated obesity, with the National Family Health Survey (NFHS-5) reporting that over 24% of Indian adults are now overweight or obese. These factors are also contributing to a surge in mobility-related disorders — studies published in the Indian Journal of Orthopaedics and NIH research databases estimate that knee osteoarthritis affects nearly 1 in 4 adults in India, making it a leading cause of disability and a major driver of knee replacement surgeries in the country. Together, these trends highlight the growing need for preventive screening, early medical consultation, and access to advanced therapies to ensure that longer life expectancy is matched with healthier, more active years.

The campaign will be amplified across Treatment Zaroori Hai platforms and Meril’s official media handles, supported by a comprehensive multi-channel outreach strategy spanning print, television, radio, social media and digital platforms to ensure widespread national visibility. With targeted digital viewership milestones, measurable engagement metrics and strategic KOL participation through curated video bytes and expert-led conversations, the movement aims to spark a sustained, measurable dialogue around senior health and active aging.

As India’s population steadily ages, conversations around healthy and dignified aging are becoming increasingly vital. “Bachpana Shouldn’t Retire” stands as a reminder that growing older does not mean stepping away from life’s enthusiasm — and that timely healthcare awareness plays a crucial role in preserving that spirit.

The campaign calls upon families across the country to participate by sharing their own stories — recording short videos, posting heartfelt tributes, or celebrating cherished memories with their grandparents. By sharing these moments across social media through Treatment Zaroori Hai platforms and campaign messaging, individuals can transform personal memories into a collective national narrative that champions senior health, dignity and togetherness.

Andersen Consulting expands its digital transformation offering through a Collaboration Agreement with Teolia Consulting, a French firm specializing in project and product management, cloud platform engineering, data transformation, and Atlassian suite integration and adoption.

Founded in 2014, Teolia Consulting helps organizations achieve digital performance, from agile methodology to time-to-market solutions. The firm’s expertise is focused on delivering integrated strategies that align technology with organizational change. The firm works across industries including banking, insurance, fashion, and retail, empowering clients to strengthen resilience and accelerate digital maturity.

“At Teolia Consulting, we believe that true transformation happens when technology and people evolve together,” said Lucienne Jacquet, managing partner of Teolia. “By collaborating with Andersen Consulting, we not only amplify our impact but also gain access to a worldwide organization of like-minded individuals. This synergy enables us to deliver integrated solutions on a global scale, coordinate seamlessly across markets, and bring our technical depth to clients seeking to optimize performance.”

“Teolia Consulting combines deep technology expertise with proven digital transformation capabilities,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “The firm’s technical strength and innovative solutions complement our platform, enabling us to deliver practical, results-driven outcomes for clients facing complex digital challenges.”

Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member firms and collaborating firms around the world.

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Perma-Pipe International Holdings, Inc. (the “Company”) today announced a strategic expansion initiative focused on accelerating growth through entry into the high-demand U.S. Northeast region. The Company is positioning itself to capitalize on the rapidly expanding Artificial Intelligence (“AI”)-driven data center market in both the United States and international markets while continuing to reinforce its leadership in critical infrastructure solutions.

As part of this growth strategy, Perma-Pipe will prioritize investments aimed at expanding its presence in the rapidly evolving AI data center sector. The initiative reflects the Company’s long-term commitment to supporting next-generation technology infrastructure and strengthening its position in the global energy, industrial, and infrastructure markets.

Expansion in the U.S. Northeast

President & Chief Executive Officer, Saleh Sagr said, “We are excited to announce the expansion of our operations with a new facility in the Northeast, set to become operational in the second quarter of 2026. This facility will primarily focus on serving the rapidly growing AI-driven data center market, as well as the District Heating and Cooling sector. This strategic move supports our commitment to organic growth and strengthens our position as a global leader in the technology infrastructure ecosystem. Our primary focus will be on capitalizing on the significant potential in these key markets, both domestically and internationally. Furthermore, we are currently seeking to secure a new global banking agreement to provide enhanced liquidity, flexible financing options and expanded access to capital to support further investments in our growth.”

MENA Operations Update

Perma-Pipe also reaffirmed its strong operational position across the Middle East and North Africa region.

“Perma-Pipe remains fully committed to its operations throughout the MENA region. Despite ongoing regional conflicts our business operations have not been impacted. We have implemented comprehensive business continuity plans designed to mitigate potential risks and aim to ensure uninterrupted service to our customers and maintain operational stability and safety across all of our facilities,” Saleh Sagr added.

Market Dynamics Support Growth Strategy

As global demand for data processing capacity continues to accelerate, the Company believes that current market conditions present significant opportunities for infrastructure providers supporting AI and cloud computing.

“The rapid rise of artificial intelligence, cloud platforms and digital infrastructure is creating unprecedented demand for advanced data center solutions,” said Sagr. “Our strategic focus on AI data centers positions Perma-Pipe to capitalize on these powerful global trends. In addition, we are pursuing diversification into new product lines within the industrial and water sectors across both North America and the MENA region to further expand our market reach and ensure long-term resilience.

“We are excited about the future and the opportunities ahead for Perma-Pipe, with strong market demand, a disciplined growth strategy, new financial partnerships and robust business continuity planning, we are well positioned to execute on our strategic vision and capture the significant opportunities emerging in AI infrastructure, next-generation data centers and diversified industrial markets,” Saleh Sagr concluded.

Conclusion of the Board’s Exploration of Strategic Alternatives

The Board of Directors of the Company has concluded its process to explore strategic alternatives to maximize shareholder value publicly announced on September 15, 2025. The review evaluated a wide range of value creating alternatives and after extensive evaluation and deliberation, in consultation with the Company’s legal and financial advisors, the Board unanimously determined that continuing to execute on the Company’s strategic plan as an independent public company is the best way to maximize value for shareholders at this time.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at fourteen locations in six countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of public health crises on the Company’s results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company’s products; (iii) the Company’s ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vi) the impact of global economic weakness and volatility; (vii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (viii) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (ix) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (x) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xi) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiii) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xiv) reductions or cancellations of orders included in the Company’s backlog; (xv) the Company’s ability to collect an account receivable related to a project in the Middle East; (xvi) risks and uncertainties related to the Company’s international business operations; (xvii) the Company’s ability to attract and retain senior management and key personnel; (xviii) the Company’s ability to achieve the expected benefits of its growth initiatives; (xix) the Company’s ability to interpret changes in tax regulations and legislation; (xx) the Company’s ability to use its net operating loss carryforwards; (xxi) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xxiii) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).

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The KP Singh Foundation (KPSF), in collaboration with ISAP India Foundation, launched the project Empowering Women through Dairy Entrepreneurship at Jaat Bhawan, Karnal.

The project aims to equip 500 rural women in Karnal and Kurukshetra districts with the knowledge, technical skills, and entrepreneurial support required to transform traditional dairy activities into sustainable and profitable enterprises.

The launch programme was attended by representatives from the National Dairy Research Institute (NDRI), Centre of Excellence for Dairy Skills in India (CEDSI), Escorts Kubota Limited, Farmer Producer Organisations, and a lead group of women beneficiaries.

Speaking on the occasion, Gaurav Vats, COO, ISAP India Foundation, highlighted the important role of women in the dairy sector and emphasized the need for skill development, scientific dairy practices, and market linkages to enhance income opportunities.

During the technical session, livestock expert Dr. Ramesh Rawal shared practical guidance on the selection of high-productivity animals, genetic improvement, and proper feeding and nutrition, noting that feed accounts for nearly 60% of milk production cost.

Representatives from CEDSI and NDRI, including Ms. Aarzoo and Dr. Raman Malik, discussed training opportunities in scientific dairy management, feed preparation, and value addition to support women in building viable dairy enterprises.

Mr. Venu Nair, CEO, KP Singh Foundation, said, “Reflecting the Foundation’s inspiration from Mr. KP Singh’s vision of expanding opportunity and unlocking potential, we see women’s economic empowerment as much more than an income story. When women have agency, earn independently, and participate in economic decisions, the gains are felt across the household — in improved nutrition, better education for children, stronger health-seeking behaviour, and greater overall family wellbeing. This initiative is therefore not only about dairy entrepreneurship; it is about enabling women to become more empowered actors in shaping the future of their families and communities.”

The project is designed to strengthen women-led livelihoods through capacity building, technical support, and enterprise development, thereby contributing to sustainable rural development in Haryana.