FERRERO GROUP TO ACQUIRE PURELY ELIZABETH, A LEADING U.S. MODERN WELLNESS BRAND

FERRERO GROUP TO ACQUIRE PURELY ELIZABETH, A LEADING U.S. MODERN WELLNESS BRAND

LUXEMBOURG and BOULDER, Colo., Aug. 14, 2026 /PRNewswire/ — Ferrero Group today announced it has signed an agreement to acquire Purely Elizabeth, the high-growth modern wellness brand and a leading better-for-you food company based in the U.S. The acquisition further enhances Ferrero’s relevance at the American breakfast table with Purely Elizabeth joining its portfolio. Following closing, Ferrero intends to support Purely Elizabeth’s next phase of growth through continued product innovation, operational capabilities and expanded distribution, helping the brand reach more consumers while preserving its distinct identity and commitment to quality.

Founded in 2009 and based in Boulder, Colorado, Purely Elizabeth has more than doubled its sales in the past two years, driven by its innovative portfolio of granola, oatmeal and cereals while more recently expanding into the fast-growing protein segment. The brand has built a leading position and helped shape evolving consumer expectations around breakfast and wellness by pioneering premium and taste-forward products containing ingredients such as oats, whole grains, nuts and seeds.

“Purely Elizabeth, with its terrific portfolio of quality, tasty products, is a great addition to Ferrero,” said Giovanni Ferrero, President of Ferrero International S.A., holding company of the Ferrero Group. “With this transaction, Ferrero builds on its recent acquisition of WK Kellogg Co, reinforcing both its presence at breakfast time in America and its reach in the better-for-you segment.”

“We are delighted to welcome Purely Elizabeth to the Ferrero Group,” said Lapo Civiletti, President of Ferrero Ice Cream and WK Kellogg Co. “This acquisition reflects our long-term strategy to invest in high-growth categories and further enhance our presence in the better-for-you offerings across breakfast occasions and beyond. Purely Elizabeth has built a distinctive brand by being in tune with evolving consumer preferences through premium, innovative and delicious products, making it a highly complementary addition to our portfolio. We look forward to supporting the brand’s continued growth while preserving the entrepreneurial spirit that has made it successful.”

“Building Purely Elizabeth from an idea 17 years ago into the brand it is today has been one of the most rewarding journeys of my life, and I’m incredibly proud of what our team has accomplished,” said Elizabeth Stein, Founder and CEO of Purely Elizabeth. “As I thought about the next chapter, finding a partner who understood what makes Purely Elizabeth special and shared our commitment to quality, innovation, and building for the long term was incredibly important to me. In Ferrero, we’ve found a family-owned company that believes deeply in what we’ve built and sees the tremendous opportunity still ahead. I couldn’t be more excited to continue leading Purely Elizabeth alongside our team as we bring our mission and products to even more people.”

The company will continue to operate as a standalone brand within the Ferrero Group, with Founder and CEO Elizabeth Stein, continuing in her role alongside the existing leadership team. The business will benefit from Ferrero Group’s long-term commitment to support the brand’s product-development pipeline and innovation, supporting the continued growth of Purely Elizabeth and its product offering.

The acquisition builds on Ferrero Group’s growing portfolio in the U.S., following the 2025 acquisition of WK Kellogg Co. It also further expands the company’s presence in both the breakfast and better-for-you categories, alongside brands including Eat Natural and FULFIL in Europe, Power Crunch in North America and Bold Snacks in Brazil.

The proposed transaction is expected to close in the coming months, subject to customary closing conditions and regulatory approvals.

About Ferrero Group

Ferrero Group is a global leader in sweet-packaged foods, renowned for iconic brands such as Nutella®, Kinder®, Ferrero Rocher®, and Tic Tac®, alongside local favorites.

Founded in 1946 in Alba, Italy, Ferrero marks 80 years as a family-owned group with more than 50,000 employees and operations in over 170 countries. The company combines a strong heritage and commitment to quality with continuous innovation across brands and categories, including ice cream, biscuits and bakery, breakfast cereals, and better-for-you offerings. Guided by a long-term vision, Ferrero focuses on sustainable and responsible growth, strengthening its presence in emerging segments while staying true to its values of excellence and care.

About Purely Elizabeth:

Founded in 2009 by wellness entrepreneur and holistic nutrition counselor Elizabeth Stein, Purely Elizabeth is a modern wellness brand that is redefining the better-for-you breakfast category and beyond. What began with Elizabeth’s vision to create nourishing food without compromising on taste has grown into a beloved portfolio spanning granola, oatmeal, cereal and more. A pioneer in bringing ancient grains, thoughtfully sourced ingredients and functional nutrition into the mainstream, Purely Elizabeth continues to create products that meet consumers at the intersection of nutrition and deliciousness. Its mission is simple: to help people thrive on their wellness journey, one delicious bite at a time. For more information, visit www.purelyelizabeth.com or follow @purely_elizabeth on Instagram and TikTok.

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Bybit TradFi Perpetuals Extend 24/7 Exposure to Over 200 Global Equities and Pre-IPO Assets

DUBAI, UAE, Aug. 14, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce TradFi Perpetual Contracts now offer over 200 curated TradFi-themed listings, marking one of the highest quality coverage of TradFi derivatives exposure available on a crypto-native platform. The lineup now spans equities, ETFs, precious metals, indices, and oil, with coverage extending across premium US, Hong Kong, South Korean and other equities markets.

Listing Strategy: the Best Global Opportunities and the Latest Market Trends

Bybit is expanding its TradFi offering as it builds a broader, always-on trading environment connecting mature crypto infrastructure with global financial markets. One of Bybit’s strongest suits traditionally, the perpetual contracts product line is centered around listing quality, timeliness, and access to global opportunities.

Since introducing TradFi Perpetual Contracts in April 2026, Bybit has added new weekly listings, building out a product suite of a total of 200+ high-quality, high-potential TradFi Perpetual listings, with a lineup of coveted assets such as gold, silver, crude oil, technology sectors across Asia and North America, global indices, ETFs, inverse ETFs, semiconductors, and artificial intelligence. The expansion reflects sustained trader demand for accessible multi-market, multi-asset exposure on a familiar interface, and with leverage tools. Bybit TradFi Perpetuals enable traders to respond to market-moving events around the clock, including during hours when the physical exchanges are closed.

Alongside standard equities and ETFs, Bybit has introduced pre-IPO TradFi perpetuals, giving traders exposure to high-profile private companies ahead of public listings. The latest lineup includes Unitree Robotics, a leading humanoid robotics developer, and Moonshot AI, the company behind the Kimi AI assistant. Pre-IPO perpetuals extend Bybit’s TradFi Perpetuals beyond publicly traded names, capturing demand for exposure to companies at the center of the AI and robotics investment cycle well before formal listings.

The expansion takes place as interest in AI infrastructure, robotics and cross-border equity access continues to shape both traditional and digital asset markets. By combining established large-cap names with pre-IPO access and multi-region ETF coverage, Bybit’s TradFi Perpetuals give traders a single, comprehensive venue to build diversified, round-the-clock exposure. With Bybit TradFi Perpetuals, this level of access no longer requires multiple brokerage relationships across different time zones and regulatory jurisdictions.

Bybit TradFi Perpetuals: Trading Movements and Exposure With Agility

Financial innovation such as TradFi Perpetuals allows traders to navigate the evolving global markets with unprecedented flexibility and access. Within one platform and account, users can plan strategies around price movements and gain sector exposure to some of the most traded TradFi assets from NASDAQ to KOSPI, without having to own and manage actual shares.

TradFi Perpetual Contracts are USDT-denominated and USDT-settled derivatives that track the price of the underlying asset. Offering up to 100x leverage and competitive rates and fees, Bybit traders can gain price exposure and trade market movements without holding the underlying shares directly. Combined with Bybit’s deep market depth and powerful trading infrastructure, this structure removes the custody, brokerage account and market-hour constraints associated with owning shares outright, while still allowing traders to express a directional view, hedge existing exposure or diversify across regions and asset classes from within their existing Bybit account.

Terms and conditions apply. Trading carries risk. For more information about Bybit TradFi Perpetuals, users may explore: What are TradFi Perpetuals on Bybit? Trading traditional markets 24/7

#Bybit / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

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RemotePeople Completes 2026 SOC 2 Type II Audit Across Security, Availability, and Confidentiality

The New York-headquartered global Employer of Record renews its SOC 2 Type II attestation for a full 12-month period, adding to its ISO 27001 and GDPR certifications and its recent A+ platform security rating from Astra Security.

NEW YORK, Aug. 14, 2026 /PRNewswire/ — RemotePeople, a global provider of Employer of Record (EOR), payroll, and recruitment services operating in more than 150 countries, today announced the successful completion of its 2026 SOC 2 Type II audit, covering the Security, Availability, and Confidentiality Trust Service Criteria. The independent examination was performed by INTERCERT CPA LLC in accordance with AICPA SSAE 21 attestation standards and covered a continuous 12-month observation period from May 31, 2025 to May 30, 2026.

Unlike a SOC 2 Type I report, which evaluates the design of controls at a single point in time, a Type II report evaluates whether those controls actually operated effectively over a sustained period — in this case, an entire year. The auditor issued a clean opinion, confirming that RemotePeople’s controls were both suitably designed and operating effectively throughout the period to achieve its service commitments and system requirements.

What the audit covered

The examination scope covered RemotePeople’s cloud-hosted platform, including the following Trust Service Criteria:

• Security — protection of the system against unauthorized access, both physical and logical.
• Availability — the system is available for operation and use as committed or agreed.
• Confidentiality — information designated as confidential is protected as committed or agreed.

Many EOR and HR technology providers scope their SOC 2 examination to Security alone. Extending to Availability and Confidentiality reflects the reality of RemotePeople’s work: the platform runs payroll for employees in more than 150 countries and holds sensitive personal, tax, and banking data on behalf of thousands of organizations. Downtime and data disclosure both carry direct consequences for customers.

Layered assurance across independent frameworks

The 2026 SOC 2 Type II attestation is the third pillar of RemotePeople’s independent security assurance stack, joining its ISO 27001 certification, GDPR compliance program, and the A+ platform security rating recently awarded by Astra Security following an AI-augmented penetration test of app.remotepeople.com. Together, these attestations cover control design, sustained operating effectiveness, data protection, and offensive security testing — from independent third parties operating under different methodologies.

“Our customers trust us with contracts, payroll, tax IDs, and banking details for their people in more than 150 countries. That trust has to be earned every year, not claimed once. A SOC 2 Type II covering not just Security but also Availability and Confidentiality, alongside our ISO 27001 and our recent Astra A+ rating, is how we prove — with independent third parties — that the platform behind the promise is doing what we say it is.”

— Antoine Boquen, CEO of RemotePeople

The full SOC 2 Type II report is available to RemotePeople customers and qualified prospects under NDA through the company’s Trust Center at eu.sprinto.com/trust-center/view/0656f314-c72e-4fad-a251-258d8102fef8.

About RemotePeople

RemotePeople is a global Employer of Record (EOR), payroll, and recruitment provider headquartered in New York, helping companies hire, pay, and manage employees in 150+ countries without setting up a local entity. Its platform covers the full “recruit, employ, incorporate” journey: international recruitment through an in-house team, EOR, global payroll, benefits administration, Contractor of Record (COR), global mobility with work-visa sponsorship, US PEO, and company incorporation. RemotePeople is the trusted solution of more than 3,000 organizations, including Binance, Boeing, Coinbase, Porsche, LVMH, and Bang & Olufsen, and is certified SOC 2 Type II, GDPR, and ISO 27001. The company was named best Employer of Record platform in the G2 Summer 2026 reports, with 80+ badges, and ranked #1 in the 2026 best EOR guides published by People Managing People, SelectSoftwareReviews, and Outsource Accelerator. Learn more at remotepeople.com.

Press contact

RemotePeople

Pierre Pradier — Chief Marketing & Innovation Officer

pierre.pradier@remotepeople.com

remotepeople.com

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Hippocratic AI Unveils Agentic Orchestrators: NYSE Content Update

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

NEW YORK, Aug. 14, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on August 14th

• Hippocratic AI says it’s announced the next generation of healthcare AI
  • Agentic orchestrators feature teams of conversational voice AI agents focused on delivering outcomes.
  • Co-founder and CEO Munjal Shah will join NYSE Live to take viewers through how the new product works.
• Renewable energy construction company SunScout to celebrate its dual listing
  • SunScout (NYSE American: SNSC) began trading on NYSE American and NYSE Texas earlier this week.
  • CEO Edwin Cywinski and COO Mark Cywinski will join NYSE Live to discuss the milestone.
• The S&P 500 will look to build off Thursday’s record close.
  • The large-cap index surpassed 7,800 for the first time during Thursday’s session.
  • Investors are parsing through July U.S. retail sales data.

Opening Bell

Tutor Perini (NYSE: TPC) celebrates 22 years of being listed on the NYSE

Closing Bell

NYC Parks celebrates its commitment to providing recreational facilities and programs

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

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Fractal’s Vaidya.ai Powers BMC Health AI Chatbot on WhatsApp for Mumbai

First deployment under the MoU with BMC to pioneer integrated AI solutions spanning patient interactions, doctor support, and public health intelligence

MUMBAI, India, Aug. 14, 2026 /PRNewswire/ — Fractal Analytics Ltd. (BSE: 544700) (NSE: FRACTAL), a globally recognized enterprise AI company serving Fortune 500^® organizations, today announced launch of the beta version of BMC Health AI Chatbot on WhatsApp powered by Vaidya.ai (accessible at +91 9892993368). The deployment marks a key milestone under the Memorandum of Understanding signed between Fractal and the Brihanmumbai Municipal Corporation (BMC) in July 2026.

Designed to support one of India’s largest public healthcare networks, this free multilingual and multimodal service delivers trusted health information for Mumbai, through a familiar WhatsApp interface, making healthcare guidance more accessible and easier to understand.

As part of the deployment, individuals can:

• Receive AI-generated simplified summaries of laboratory reports in English, Marathi and other select languages, helping them understand key findings and observed values in easy-to-understand language.
• Identify nearby BMC healthcare facilities based on their healthcare needs.
• Access trusted health and wellness information anytime through a conversational interface.

Fractal has been selected by the Government of India under the IndiaAI Mission to build the nation’s first reasoning model with a focus on Healthcare. Fractal has built Vaidya.ai which is world’s first AI model to score above 50 on OpenAI’s HealthBench (Hard), outperforming GPT-5 and Gemini Pro 3. The model combines multilingual and multimodal capabilities with Responsible AI principles.

The BMC Health AI Chatbot on WhatsApp is one component of a broader AI-powered public health initiative being piloted by BMC and Fractal. The initiative also includes:

• AI-guided pre-consultation support for doctors that capture patients’ chief complaints, self-reported medical history and medication details before a consultation, generating structured summaries for doctors within the Hospital Management Information System (HMIS).
• A Public Health Intelligence Dashboard that provides healthcare administrators with anonymized, aggregated insights from laboratory reports, enabling real-time visibility into emerging health trends across the city.

The pilot is being implemented across various BMC facilities, ranging from dispensaries to major hospitals including KEM, with a privacy-first architecture aligned with the Digital Personal Data Protection (DPDP) Act. Patient information is processed within a framework designed to support privacy, security, and responsible use of healthcare data.

“Mumbai’s public healthcare system serves millions of citizens every year, making timely access to information and efficient clinical workflows critical. Vaidya.ai represents an important step in leveraging AI to strengthen healthcare delivery. As we evaluate this pilot across selected BMC facilities, our focus is on improving patient experience, supporting healthcare professionals and enabling more informed public health decision-making, while ensuring that clinical decisions remain with qualified medical professionals,” said Ashwini Bhide, Municipal Commissioner, Brihanmumbai Municipal Corporation, on the occasion of MoU signing.

BMC’s healthcare network handles more than 16.8 million OPD visits and generates over 3 million laboratory reports annually. The pilot aims to evaluate how AI can improve citizen access to healthcare information, support clinical workflows and strengthen public health decision-making at scale.

“This collaboration combines BMC’s commitment to technology-led public healthcare with Fractal’s experience in responsible AI. Beyond improving access to health information for citizens, the initiative demonstrates how AI can support clinicians and public health administrators with practical, scalable solutions that deliver real-world impact,” said Srikanth Velamakanni, Co-founder, Group CEO and Vice Chairman, Fractal.

To access Mumbai’s BMC Health AI Chatbot on WhatsApp powered by Vaidya.ai, users can message on WhatsApp to +91 9892993368. The service is available 24×7 at no cost and provides secure access with responsible AI guardrails.

About Fractal 

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products. Fractal’s strategy is focused on three pillars: AI-led Transformation (AIT), which reimagines business workflows and decision-making through AI; AI Foundations (AIF), which enables scalable, trusted, and governed enterprise AI through robust data and technology foundations; and AI Work & Workforce (AIW), which helps organizations redesign work, develop AI-ready talent, and build the capabilities needed for the AI-native enterprise. All three pillars are powered by Cogentiq, Fractal’s flagship agentic AI platform.

With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Vaidya.ai and PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

About Brihanmumbai Municipal Corporation

The Brihanmumbai Municipal Corporation (BMC) is India’s largest urban local body, responsible for providing civic infrastructure, public healthcare and essential municipal services to Mumbai. Established in 1888, BMC operates one of the country’s largest public healthcare networks, comprising tertiary care hospitals, maternity hospitals, specialty hospitals, peripheral hospitals, dispensaries and health centres, delivering healthcare services to millions of citizens annually

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Bitmine Immersion Technologies Announces Record and Payment Dates for Cash Dividends on 9.50% Series A Perpetual Preferred Stock

NORWALK, Conn., Aug. 14, 2026 /PRNewswire/ — (NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) announced today that its Board of Directors has declared seventeen cash dividends on the Company’s 9.50% Series A Perpetual Preferred Stock (the “Series A Preferred Stock”), which is listed on the New York Stock Exchange under the trading symbol “BMNP”.

The dividends will be payable in cash in accordance with the terms of the Certificate of Designations governing the Series A Preferred Stock. The record dates, payment dates, and per-share amounts for each dividend are set forth below:

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), and its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:

https://x.com/bitmnr  

https://x.com/fundstrat 

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “projects,” “projected,” “intends,” “believes,” “anticipates,” “estimates,” and similar expressions. This document specifically contains forward-looking statements regarding the Company’s dividend payments on the Series A Preferred. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine’s ability to finance its current business, Ethereum treasury operations, and proposed future business; market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company’s staking operations; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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AXISCADES reports record Rs. 346.7 crore revenue from operations for Q1 FY27, including discontinued operations, up 42.2% YoY

Defence and XiDA drive retained portfolio growth

BENGALURU, India, Aug. 14, 2026 /PRNewswire/ — AXISCADES Technologies Limited (BSE: 532395) (NSE: AXISCADES), a technology, engineering and manufacturing company focused on Aerospace, Defence, Space and XiDA/electronics and AI, today announced its consolidated results for the quarter ended 30 June 2026.

Q1 FY27 consolidated revenue from operations, comprising continuing and discontinued operations, stood at a quarterly record of Rs. 346.7 crore, increasing by 42.2% year on year and 27.0% sequentially.

During May and June 2026, the Company announced the divestment of its Engineering Services and Aerospace Services businesses, respectively, to the Akkodis Group. The divestment programme represents a minimum consideration of Rs. 1,685 crore and total consideration of approximately Rs. 2,256 crore—approximately USD 237 million. The transactions are progressing through the applicable closing conditions.

The Company presents continuing and discontinued operations separately, in line with the prescribed accounting standards. In accordance with Ind AS 105, the comparative periods have been restated on the same basis.

Revenue from operations from continuing operations was Rs. 183.4 crore. On a like-for-like basis excluding Add Solutions, which management intends to exit in FY27, revenue was approximately Rs. 181 crore, an increase of ~100% from approximately Rs. 90 crore in Q1 FY26.

Reported EBITDA was Rs. 27.9 crore, with an EBITDA margin of 8.1%, compared with Rs. 34.1 crore and 14.0%, respectively, in Q1 FY26. The Company reported a loss before tax of Rs. 11.9 crore and a loss after tax of Rs. 14.8 crore. Reported profitability included Rs. 11.56 crore of one-time receivable provisions, primarily relating to an aged defence transaction; a Rs. 3.50 crore hedge provision under discontinued operations; and Rs. 21.81 crore of divestment-related exceptional costs under discontinued operations.

Excluding the two provisions aggregating Rs. 15.06 crore, management-defined normalised EBITDA was Rs. 41.0 crore, up 20.5% year on year, with a margin of 12.4%. After also adjusting for the Rs. 21.81 crore exceptional charge, management-defined normalised profit before tax was Rs. 23.1 crore.

Q1 FY27 highlights

• Record revenue from operations including discontinued operations: Rs. 346.7 crore, up 42.2% YoY and 27.0% QoQ.
• Continuing operations: Rs. 183.4 crore of reported revenue from operations; management-defined like-for-like revenue excluding Add Solutions increased ~100% YoY to approximately Rs. 181 crore.
• Defence: revenue more than doubled to Rs. 125.0 crore; updated Assured Forecast Visibility stood at Rs. 4,557 crore after Q1 execution.
• XiDA: revenue increased ~62% YoY to Rs. 49.5 crore; EBITDA rose 114.5% to Rs. 14.7 crore, with a 29.7% margin.
• Space: the Space division has been established as the Company’s fourth growth platform: a satellite manufacturing, assembly, integration and testing facility is under construction at the Devanahalli Atmanirbhar Complex, and technology-transfer collaborations are in progress.
• Manufacturing capacity: Property, plant and equipment together with capital work-in-progress increased by Rs. 40.1 crore, during Q1 FY27. Devanahalli AeroLand has been commissioned; Phase 1 of the Devanahalli Atmanirbhar Complex is under construction; land acquisition for the Missile Atmanirbhar Complex in Hyderabad has been completed and construction is commencing; and land allocation for the proposed 240,000 sq. ft. Center for Advanced Manufacturing at Devanahalli is in process.
• Add Solutions exit: Management is implementing an action plan and is targeting completion of the exit by Q4 FY27.
• Portfolio transition: The Engineering Services and Aerospace Services divestments, announced in May and June 2026, respectively, represent a minimum consideration of Rs. 1,685 crore and total consideration of approximately Rs. 2,256 crore—approximately USD 237 million. Closing is planned in two phases: Phase 1 by Q2 FY27, with approximately Rs. 180 crore of initial proceeds expected within five days, and Phase 2 by Q3 FY27, completing the approximately Rs. 2,256 crore divestment programme.

Management commentary

“Q1 FY27 marks the first quarter of AXISCADES’ transition into a focused manufacturing, products and solutions company built for non-linear growth. Revenue per employee is set to rise from Rs 42 lakh in FY26 to Rs 1.2 crore in FY27 — more than a threefold gain, and the clearest measure of the shift from a people-led services model to a products and manufacturing one.

The strength of the businesses we have chosen to scale is increasingly visible. Defence revenue more than doubled. XiDA added two of the world’s largest technology companies as customers. Aerospace Manufacturing is being rebuilt through organic scale-up and acquisition, and Space is now established as our fourth growth platform.

With the non-core divestment substantially complete, we are directing capital and management bandwidth towards Aerospace Manufacturing, Defence Systems, XiDA and Space, in line with our Power 930 roadmap.”

Dr. Sampath Ravinarayanan, Founder, Chairman & Managing Director

“The quarter combines strong revenue growth with the accounting impact of a major portfolio transition. Reported profitability includes Rs. 15.06 crore of one-time provisions and Rs. 21.81 crore of divestment-related exceptional costs. Excluding these items, management-defined normalised EBITDA was Rs. 41.0 crore at a 11.8% margin, and management-defined normalised PBT was Rs. 23.1 crore. Our immediate priorities are to complete the divestment, address the Add Solutions drag, scale the retained portfolio and deploy the proceeds into growth without equity dilution.”

Shashidhar SK, Group Chief Financial Officer

Rs. crore, except margins

Reported-to-normalised reconciliation

Business performance

Defence: revenue more than doubles; sole-source wins strengthen visibility

Defence revenue rose ~111% year on year and 86.1% sequentially to Rs. 125.0 crore. Management-defined underlying EBITDA, excluding Rs. 8.7 crore of one-time provisions, was Rs. 13.8 crore, representing a margin of 11.0% and year-on-year growth of 25.1%.

Since 1 April 2026, the business secured or advanced eight programmes, comprising four in-quarter programmes and four sole-source wins after the balance-sheet date. The post-balance-sheet programmes cover on-board computers for an anti-tank missile, a PCM encoder for a missile programme, antenna beam control for the Uttam radar and an Exciter Receiver Processor for a marine helicopter.

Assured Forecast Visibility (AFV) for FY27-FY30 increased by Rs. 332 crore from new design wins and reduced by Rs. 125 crore executed during Q1, moving from Rs. 4,350 crore at FY26 year-end to Rs. 4,557 crore. AFV is a management-defined operating measure comprising customer-communicated programme requirements where AXISCADES holds design-won and qualified sole-source or limited-source status; it is not an order book or guarantee of future revenue, and actual procurement remains subject to customer timelines.

XiDA: global customer additions reinforce electronics and AI platform

XiDA revenue increased 62.9% year on year and 30.3% sequentially to Rs. 49.5 crore. EBITDA increased 114.5% year on year to Rs. 14.7 crore, with a margin of 29.7%.

The new US business contributed Rs. 15.2 crore of revenue and Rs. 7.0 crore of EBITDA at a 46.2% margin in Q1. The arrangement brings two global tier-one customers: the world’s largest semiconductor equipment company and one of the world’s largest AI and hyperscale technology companies. Customers are described rather than named pending disclosure consent.

The acquisition is being progressed through a business transfer agreement rather than a share purchase. Operations and facilities are expected to transfer and customer contracts to migrate through novation. Completion is targeted in Q2 FY27, subject to the applicable conditions.

Aerospace Manufacturing: capability build precedes scale

The reconstituted Aerospace business reported revenue of Rs. 6.1 crore and an EBITDA loss of Rs. 5.4 crore, reflecting the cost of building leadership and capability ahead of acquisition-led and organic scale-up.

AXISCADES has in place a non-binding offer for an AS9100D-certified precision manufacturing company an indicative pro forma FY27 revenue of Rs. 180 crore and EBITDA of Rs. 39 crore, representing a 22% margin. The proposed transaction remains subject to definitive documentation, due diligence, applicable corporate approvals and regulatory clearances; all pro forma figures are indicative.

AXISCADES also plans a 240,000 sq. ft. Center for Advanced Manufacturing on a 20-acre campus at Devanahalli, approximately six kilometres from the Devanahalli Atmanirbhar Complex. The proposed quad-use facility is intended to support Aerospace, Defence, Space and Electronics. The land allocation process is under way.

Space: fourth growth platform established

AXISCADES has established its Space division and commenced construction of a satellite manufacturing, assembly, integration and test facility at the Devanahalli Atmanirbhar Complex. Technology-transfer collaborations are in progress, with formal details planned for the Bengaluru Space Expo and the World Space Business Week in Paris, in September 2026, subject to definitive agreements.

The Company has earmarked Rs. 300 crore from proposed divestment proceeds for the Space platform, comprising Rs. 120 crore for facilities and training and Rs. 180 crore across two planned joint ventures. This proposed deployment remains subject to completion of the divestment transactions, definitive agreements and applicable approvals.

Portfolio transformation and capital deployment

During May and June 2026, AXISCADES announced the divestment of its Engineering Services and Aerospace Services businesses, respectively, to the Akkodis Group. The divestment programme represents a minimum consideration of Rs. 1,685 crore and total consideration of approximately Rs. 2,256 crore – approximately USD 237 million. Shareholders approved both transactions on 27 July 2026, and the transactions are progressing through the applicable closing conditions.

Management is targeting completion of Phase 1 by 31 August 2026, with approximately Rs. 180 crore of initial proceeds expected within five days, and Phase 2 by 30 November 2026, completing the approximately Rs. 2,256 crore divestment programme. On completion, the Company expects to recognise a gain on disposal of approximately Rs. 1,255 crore, subject to closing adjustments, the applicable exchange rate and final accounting determination.

The proceeds are intended to fund the Company’s transition into Aerospace Manufacturing, Defence Systems, XiDA and Spacetech – including strategic acquisitions and manufacturing infrastructure – without equity dilution. Property, plant and equipment together with capital work-in-progress increased by Rs. 40.1 crore, or 29.5%, during Q1 FY27. Devanahalli AeroLand has been commissioned and is supporting aerospace and defence supply-chain and logistics requirements. Phase 1 of the Devanahalli Atmanirbhar Complex is under construction and is targeted to become operational during FY27; the facility also hosts the satellite manufacturing, assembly, integration and testing facility for the new Space division. At the Missile Atmanirbhar Complex in Hyderabad, land acquisition has been completed, the groundbreaking ceremony was held in July 2026 and construction is commencing. Land allocation is in process for the proposed Center for Advanced Manufacturing—a 240,000 sq. ft. quad-use facility planned on 20 acres at Devanahalli, approximately six kilometres from the Devanahalli Atmanirbhar Complex—which is intended to house future aerospace manufacturing acquisitions.

Note: The consideration values, anticipated proceeds, disposal gain and completion timelines are based on management’s current estimates and disclosures in the Q1 FY27 investor presentation. They remain subject to satisfaction of closing conditions, transaction adjustments, exchange-rate movements and final accounting determination.

Deferred Revenue Update

Management estimates that approximately Rs. 64 cr of the Rs. 142 crore of FY26 revenue deferred for supply-chain and operational reasons was recognised in Q1 FY27. Management expects to recognise the remaining amount across Q2 and Q3 FY27, subject to supply-chain availability, operational execution, customer acceptance and applicable revenue-recognition requirements. Management states that no related orders were cancelled and no customers were lost.

These targets and timelines are forward-looking, are subject to the risks and qualifications set out below, and do not constitute guarantees of future performance.

About AXISCADES Technologies Limited

AXISCADES Technologies Limited is a Bengaluru-headquartered technology, engineering and advanced manufacturing company serving global OEMs and customers across Aerospace, Defence, Space, and Electronics, Semiconductors and Artificial Intelligence. Its integrated capabilities span product design and engineering, embedded and electronic systems, precision manufacturing, testing, integration, and technology-led product and systems development. Combining deep domain expertise with expanding manufacturing and systems-integration capabilities, AXISCADES supports the development and delivery of complex, mission-critical programmes. The Company is listed on the National Stock Exchange of India Limited (NSE: AXISCADES) and BSE Limited (BSE: 532395).

Website: www.axiscades.com

CIN: L72200KA1990PLC084435

Safe harbour

Certain statements in this release constitute forward-looking statements within the meaning of applicable laws and regulations. These statements include, among others, expectations and targets relating to transaction completion and consideration, receipt of approvals, accounting outcomes, customer and employee transition, programme procurement and delivery, revenue recognition, recovery of deferred revenue, business transfers and acquisitions, capital deployment, manufacturing and facility scale-up, Space collaborations and joint ventures, revenue growth, margins, profitability, cash flows and the Company’s Power 930 strategic objectives. Forward-looking statements are based on current assumptions and involve risks, uncertainties and other factors that could cause actual outcomes to differ materially. AXISCADES Technologies Limited undertakes no obligation to publicly update any forward-looking statement except as required under applicable law.

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Nava Sets New Quarterly High with Total Income of ₹1,269 Crore

HYDERABAD, India, Aug. 14, 2026 /PRNewswire/ — Nava Limited today announced its financial results for the quarter-ended June 30, 2026, reporting its highest-ever quarterly total income, while standalone PBT before exceptional items rose 92.9% QoQ, supported by lower material and manufacturing costs and dividend income.

Key Highlights

• Record Performance: Consolidated total income stood at ₹1,269 crore, the highest ever, with revenue from operations rising 6.0% QoQ to ₹1,212 crore.
• Strong Energy Performance: Energy revenue increased 18.3% QoQ, supported by healthy PLFs across plants and availability of bilateral contracts.
• Dividend Upstream: Nava received US$15 million in dividend income from Nava Global during the quarter.
• ZESCO’s Arrears Status: MEL realized US$15 million from ZESCO, reducing outstanding arrears to US$13.4 million.
• Mining Momentum: Mining revenue increased 20.4% QoQ, driven by higher sales volumes.

FINANCIAL HIGHLIGHTS

Consolidated Performance

Standalone Performance

BUSINESS & PROJECT UPDATES

ENERGY

• MEL’s Phase II 300 MW project will be commissioned in phases by July 2027 having faced severe challenges associated with higher costs arising from the ongoing crisis in West Asia, impacting supply chains, vessel movements, container availability and delivery schedules of critical equipment.
• MEL remains well positioned to absorb the marginal increase in capex.
• Maamba Solar Energy Limited’s 100 MW solar project is set for commissioning by September 2026 when power flows and commercial revenues commence.

MINING

• Manganese: Exploration at Nava’s 360 sq. km concession in Côte d’Ivoire has yielded promising results, with the Company progressing towards an exploitation permit.
• Lithium & Tantalum: Exploration continues as Nava builds future resource optionality across Africa and diversifies its mining portfolio beyond coal.

AGRIBUSINESS

Nava Avocado Limited

• Total plantation activity in all divisions is targeted for completion by the end of FY27 / Q1 of FY 2028.
• The State-of-the-Art Packhouse implementation is in advanced stage and is set for commissioning in October 2026, well in time before the harvest of FY27.

Kawambwa Sugar Limited

• Sugarcane plantation is progressing well for multiplication under pivot irrigation systems.
• Supplies of sugar and power plant equipment have commenced from India, while construction and infrastructure development have gained pace.
• The project is expected to be commissioned by March 2028, with fully integrated sugar cane estate, co-generation of power and distillery.

Commenting on the performance, Ashwin Devineni, Managing Director & CEO, Nava Limited, said:

“Nava’s highest-ever quarterly income reflects the strength of our diversified portfolio, disciplined cost management and resilient operating performance. Strong energy and mining operations, coupled with healthy dividend flows from our international businesses, have supported a significant improvement in profitability.

As we continue to navigate near-term global uncertainties, our focus remains on operational resilience and disciplined execution. Our investments in renewable energy and commercial agriculture across Africa are designed to create the next phase of sustainable, geographically diversified growth and long-term value for our shareholders.”

About Nava Limited

Founded in 1972, Nava Limited is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare and commercial agriculture. The Company operates one of India’s leading ferro alloys businesses and Zambia’s largest mine-to-mouth power plant.

Nava is expanding its global presence through investments in renewable energy and commercial agriculture, with a focus on building a diversified and resilient portfolio.

For More Information

Mr. VSN Raju

Company Secretary and Vice President

Nava Limited

Tel: +91 40 23403501 / +91 40 67283333

Email: investorservices@navalimited.com



Media Contact:

Ms. Lisa Rufus G.

Phone: +91 91542 40656

Email: lisa.r@navalimited.com

This document may contain forward-looking statements based on management’s beliefs, opinions and expectations as of the date of this release. Actual results may vary due to risks and uncertainties, and the Company does not assume any obligation to update such statements in response to future developments. Please refer to official disclosures for the most accurate and up-to-date information.

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Premia Academy Successfully Concludes Third Edition of YOLO Student Summit with 800 Plus Participants

HYDERABAD, India, Aug. 14, 2026 /PRNewswire/ — With over 800 students, academicians and industry leaders coming together, Premia Academy‘s two day YOLO Student Summit emerged as a large scale platform in Hyderabad for experiential learning, career exploration and future-ready thinking. The third edition of the flagship summit brought together students from Grades 8 to 12 with entrepreneurs, educators, industry experts and creators for two days of conversations, master-classes, workshops and interactive experiences focused on helping young minds understand themselves, explore possibilities and prepare for a rapidly changing world.

Day One featured master-classes including Vision Board to Action Plan and Brain Blue-chip Investment, helping students translate aspirations into actionable goals and develop an early understanding of financial decision making. The interactive session Algorithms vs. Authenticity: Navigating the Human Premium in the Age of AI explored the enduring importance of creativity, emotional intelligence and human skills in an AI driven workplace.

The panel discussion The Visionary Vanguard: Edupreneurs, Educators and National Progress, featuring Dr. Skand Bali, Principal, The Hyderabad Public School, Mr Mahendar Reddy, Founder, Sancta Maria, Ms Gauri Sarkar, Associate Director, DPS, Miyapur, Mr Ganesh M P, Professor, IIT Hyderabad & Ms Trupti Rao, Principal, The Premia Academy, brought together perspectives on the evolving role of education in shaping future generations. Students also explored financial literacy through No Cap, Just Capital: How to Actually Make Your Money Do the Most, while The Gen Z Navigation Guide: Which Ship Are You On? encouraged reflection on identity, relationships and emotional wellbeing. Side Hustle introduced students to entrepreneurship, creativity and emerging income opportunities. Adding humour and perspective, stand-up comedian Mayank Parakh presented The Gen Z Roasted and Toasted, encouraging students to embrace individuality, navigate societal pressures and learn from setbacks. The higher education sessions India as a Destination for Education and Choose Your Fighter: The Competitive Exam Showdown helped students evaluate Indian and international education opportunities and understand pathways including JEE, NEET, CLAT, CUET and SAT. Day One concluded with creative breakout sessions Cap Your Identity and Doodle Your Destiny, encouraging students to reflect on their strengths and visualise their aspirations.

Day Two opened with a keynote by Rahul Khaitan, CFO, Rahee Infra, titled A Great Train Is Nothing Without a Railway Track, highlighting the grit, discipline, integrity and consistency that form the foundation of achievement. The day continued with a breakout session by Atul Kabra, Founder, Doodle Kabra, followed by Sudip Saha, Co Founder, Dreamtime Learning, who led The Next Big Thing: Spotting Tomorrow’s Winning Business, encouraging students to identify emerging opportunities.

Monica Arora addressed focus and productivity through Time Management in a Distracted World: Focus Is Your Superpower. The panel Leveraging AI: Don’t Get Replaced, Outsmart It, featuring Karan Sriivasan, Founder, Stealth Prev, Srivar Jalan, Director, SNJ Synthetics, and Vishal Reddy, Founder, Builtiful, explored how young people can use AI to enhance their capabilities and remain future-ready.

Career exploration continued with Ramya Modukuri, who guided students on identifying career options through attitude, aptitude and values. The panel Two Individuals, One Life brought together Nirmala and Tarun Oblum, Founders, Bhan Mi Babe, Dr. Safaa and Dr. Asad, Siddhant and Shivani from Baywindo and Elevate X, and Kishor and Mandakini from Art and Photography, offering students diverse perspectives on careers, relationships and balancing different aspects of life.

The digital economy took centre stage in Why 1 Billion Views Is the New Zero, led by Raashika Bammi, Founder, Nureh Project, an interactive session exploring the impact of hyper personalised social media. Shivendra Agarwal, Founder, Paramount Global, conducted a breakout on the five aspects of profile building, while Priyanka Reddy, Counsellor, The Hyderabad Public School, led The World Is Your Campus: Choosing the Right Country to Study In.

The summit also explored holistic success through Mayank Solanki, Founder and CEO, Val Ed, who conducted The Life Trifecta: Balancing the Pillars of Work, Marriage and Health, and Reetu Kothari, Founder, Zytech Solar, who led Problems Worth Solving: It’s Not Your Mistake, It’s Your Responsibility.

Wellbeing, academic efficiency and creativity were addressed through Dr. Virinchi Sharma’s Lifestyle by Design: Building a Life That Helps You Thrive, Sunita Saripally, Vice Principal, Premia Academy’s Study Smart, Stress Less, and Tariq Patel, Founder, Drillbit Projects, who explored creative careers through Everything Is Designed: How to Find Your Place in the Creative World.

The summit was inaugurated by Chief Guest Dr. Sanjay Kalvakuntla, MLA, Korutla Constituency, who encouraged students to embrace curiosity, innovation and lifelong learning as they prepare for the careers of tomorrow. His address set the tone for the two day summit, emphasising the importance of staying adaptable, continuously learning and approaching the future with an open and innovative mindset.

The YOLO Summit concluded its career exploration track with Nirati Agarwal, Founder, Edisol Online, who led Unlearning the Default: Beyond Medicine and Engineering, encouraging students to look beyond conventional career choices and explore emerging industries, interdisciplinary fields and future ready professions aligned with their interests, strengths and aspirations.

Ms. Sinduri Reddy, Founder, Premia Academy, said, “We want young people to see the world not as a fixed set of choices, but as a landscape of possibilities. YOLO brings diverse voices together to help students think independently, adapt continuously, solve meaningful problems and remain deeply human in a technology-led world. The curiosity and energy we witnessed reaffirm the importance of creating learning experiences that prepare students not just for careers, but for life.”

Speaking on the conclusion of the summit, Ms. Trupti Rao, Principal, Premia Academy, said, “YOLO reflects our belief that education must extend beyond academic achievement. Over these two days, students interacted with people shaping businesses, industries and new career pathways. They questioned, collaborated and discovered possibilities for themselves. We hope they leave with greater clarity about who they are, what they can become and the courage to explore paths uniquely their own.”

The successful conclusion of the third YOLO Summit reaffirmed Premia Academy’s commitment to creating experiential learning opportunities that connect classroom education with the evolving realities of the world, empowering students to make informed choices and shape their own futures. By bringing students face-to-face with diverse professionals and ideas, the summit provided them with not only information about future opportunities, but also the mindset and confidence to create their own pathways.

About Premia Academy

Premia Academy is a premium K–12 institution focused on preparing students to become future-ready thinkers, leaders and entrepreneurs. Its education model goes beyond academics, with a strong emphasis on entrepreneurship, financial literacy, creativity, leadership and real-world learning. Guided by its R.A.I.S.E. framework – Resilience, Agility, Integrity, Social Responsibility and Empathy – the Academy aims to empower young minds to innovate, lead and create meaningful impact.

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