Sri. Jayesh Ranjan, IAS, Spl. Chief Secretary for Industries & Commerce (I&C) and Information Technology (IT) Govt. of Telangana addresses the Retailers & Gives Awards to Iconic Brands of Hyderabad. 

 5th Hyderabad Retail Summit by RAI Discusses the Next Phase of Retail Growth

HYDERABAD, India, May 6, 2026 /PRNewswire/ — The Retailers Association of India (RAI) hosted the fifth edition of the Hyderabad Retail Summit (HRS), at Hotel Trident, Hyderabad. The summit served as a content-driven platform that brings together industry stakeholders across categories to learn, connect, and engage in meaningful discussions on key retail trends and challenges in the region. Built on RAI’s cornerstone of ‘Connect–Converse–Collaborate–Catalyse’, the platform aims to help retailers identify the right partners and opportunities to take their businesses to the next level. Avnish Kumar, Managing Director, Neeru’s | Chairman, RAI Hyderabad Chapter, speaking on the retail landscape in Hyderabad, said, “The Hyderabad consumer has changed faster than most retailers anticipated. Disposable incomes are up, aspirations are higher, and people are no longer willing to compromise on experience. But here is what is often missed — this is not just a Hyderabad phenomenon. What is happening in this city is a preview of what will happen in Warangal, Nizamabad, and Karimnagar in the next five years. Regional retailers who build the right capabilities today — in product, in experience, in technology — will have a significant head start when those markets mature. The window to build that advantage is right now.”

Speaking about the developments in the retail industry, Kumar Rajagopalan, Executive Director and CEO, Retailers Association of India (RAI), said, “Telangana is one of the few states where retail policy and retail reality are actually aligned. The state has made it easier to open stores, hire, and invest, and the market is responding. Hyderabad has become a national benchmark for how a city can build a modern retail ecosystem. What we are seeing here –the convergence of physical expansion, digital adoption, and rising consumer aspiration — is the template other cities will follow. The retailers who will lead the next decade are those who treat technology not as a cost centre, but as the engine of customer relationships.”

Speaking on the Occasion Sri. Jayesh Ranjan, IAS, Spl. Chief Secretary for Industries & Commerce (I&C) and Information Technology (IT) Govt. of Telangana addressed the Retailers on Telangana Government Initiatives in Enhancing the Retail Sector and asked the RAI – Hyderabad Chapter to Provide their inputs in developing Retail Sector.

Highlights of the Hyderabad Retail Summit (HRS) 2026 were the in-depth panel discussions on topics such as The Regional Champion’s Advantage: Building Brands That Outlast Trends, Quick Commerce, Connected Commerce: Where Does the Store Fit Now? and The Expansion Playbook: What Works Beyond the Metros.

Sharing valuable insights on these panels were some prominent faces of the retail industry in the region, namely – P Jayakumar, CEO, Apollo Pharmacy; Kiran Shinde, CEO, PMJ Jewels; Avnish Kumar, Managing Director, Neeru’s; Priyanka Vemuluri, Founder & CEO, Goyaz Silver Jewellery; Ashim Ashok Patil, MD & CEO, i-TEK RFID; Kavitha Mantha, Founding Partner, Green Organics & Akshara Ananda among others.

P Jayakumar, CEO Apollo Pharmacy, Vice Chairman, Hyderabad Retail Council, said, “As pharmacy retail has evolved into an omni-channel ecosystem, the difference between a transaction and a relationship comes down to context—a one-time purchase is a sale, but understanding a customer’s needs over time is a relationship. This shift from transactional to relational engagement, powered by data, is defining this decade across industries.

With a vast network serving millions of users, the omni-channel platform enables high-frequency interactions across the healthcare retail ecosystem—from medicine deliveries and doctor consultations to diagnostic bookings at scale—creating a true continuum of care. As a single destination for all health needs, it seamlessly brings everything together in one place.

These touchpoints build a dynamic, evolving view of the consumer, enabling a shift from fulfilling needs to anticipating them—from a service people use, to a health partner that truly knows them.”

Priyanka Vemuluri, Founder & CEO, Goyaz Silver Jewellery, added, “Building a regional brand today is genuinely harder and genuinely more exciting than it has ever been. Harder, because consumers are better informed and have more choices than ever. More exciting, because a small brand with the right product and the right use of digital tools can build a loyal customer base at a speed that simply was not possible ten years ago. What I would tell any regional retailer is this: do not wait to be big before you invest in understanding your customer. The data you collect in your first thousand transactions is more valuable than any consultant’s report. Start with that, and build from there.”

Sridevi Jasti, Founder, Vibrant Living | Holistic Nutritionist & Wellness Coach, expressed, “Wellness retail in India has stopped being a niche — it is now a primary category. But the consumers driving that growth are not buying products; they are buying outcomes. They want a brand that understands their health goals, not just their purchase history. Regional wellness retailers actually have an edge here — you know your customer’s context in a way no national chain can replicate. The ones who combine that closeness with smart use of data and content will build loyalty that is very hard to compete with.”

Aishwarya Gupta, Founder, Wondr Diamonds, said, “There is a perception that fine jewellery retail is about trust built over generations and that technology is somehow at odds with that. The opposite is true. The new consumer — and increasingly, this means younger buyers in Tier 1 cities who are the growth engine of the category — wants transparency, personalisation, and a seamless experience across digital and physical touchpoints. The brands that will win in jewellery retail are not the oldest or the largest; they are the ones that combine authentic craftsmanship with the kind of customer intelligence that modern technology makes possible. That is not a threat to heritage — it shows heritage stays relevant.”

Prasad Chalavadi, Founder & Managing Director, Kalamandir, said, “The Hyderabad consumer is more discerning than ever, but they haven’t abandoned their roots — if anything, their pride in regional identity is stronger. What has changed is their expectation of the experience around it. They want the warmth and authenticity of a brand that understands their culture, delivered with the convenience and personalisation they get from any world-class retailer. That is the challenge and the opportunity for regional fashion retail today. The brands that will endure are those that use data and technology not to become generic, but to become more precisely themselves — sharper on product, smarter on customer engagement, and deeper in community trust.”

HRS 2026 is presented by Ratnadeep Retail and Powered by National Mart. Platinum Partners included Neeru’s Indian Ethnic and Vara Mahalakshmi; Gold Partners included PMJ Jeweller; Associate Partners include Apollo Pharmacy, Apollo 24/7, Café Niloufer; Urban Casa, Newland AIDC, and 2CQR; i-TEKRFID as RFID Partner; Keka as HR Tech Partner Event Partners include Radiwalla.in, Kumar (shirts and trousers), Sen Security Solutions; TRRAIN as Charity Partner, STOrai as the Magazine Partner, Digital Magazine Partner – Replenish and RAI Global Linker as Networking Partner.

About Retailers Association of India RAI:

The Retailers Association of India is the national body representing India’s retail industry across all channels and formats, from large format and specialty retail to e-commerce, quick commerce, and connected commerce businesses. RAI works with governments, regulators, and industry stakeholders to enable a competitive, innovation-friendly retail ecosystem. Through policy advocacy, industry events, research, and learning programmes, RAI builds the conditions for retail to grow, invest, and create employment at scale. India’s retail future is connected. RAI is building for it.

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MOUNTAIN VIEW, Calif., May 6, 2026 /PRNewswire/ — Cyngn (NASDAQ: CYN) will announce its first quarter 2026 financial results for the period ended March 31, 2026, on Wednesday, May 13, 2026, after the close of market.

The financial results will be available on the Cyngn website under “News & Events” at https://investors.cyngn.com/.  The Company will not host an earnings call.

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn’s DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers.

Investor Contact:
Natalie Russell
CFO
investors@cyngn.com 

Media Contact:
Luke Renner
Head of Marketing
media@cyngn.com 

Where to Find Cyngn:

Website: https://cyngn.comX: https://x.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngnYouTube: https://www.youtube.com/@cyngnhq

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “will likely result,” “will continue,” “plans to,” “potential,” “promising,” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company’s reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company’s annual report on Form 10-K filed with the SEC on March 26, 2026. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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SOURCE Cyngn

TORONTO, May 6, 2026 /PRNewswire/ – Polymath today announced a partnership with Dalmore Group, a leading U.S. licensed broker-dealer and experienced operator in online capital formation, as the company accelerates its U.S. growth strategy focused on enabling capital formation for small and mid-sized enterprises (SMEs).

The collaboration supports Polymath’s broader initiatives tied to a U.S. public market presence and expands access to compliant digital securities and tokenized real-world assets across the United States.

By integrating Dalmore’s regulatory framework, transaction management systems, and capital-raising expertise directly into the Polymath Capital Platform, the companies are creating a streamlined environment for compliant tokenized offerings.

This partnership represents a major step forward in the evolution of digital securities by bridging advanced tokenization technology with proven, large-scale broker-dealer capabilities.

Through this integration, issuers on the Polymath platform will gain access to a seamless, end-to-end capital formation engine, including issuer and investor onboarding, KYC/KYB verification, subscription processing, broker-dealer compliance review, investor communications, and post-close lifecycle management.

The companies are also advancing an API integration that enables real-time coordination between platforms, automating compliance signals, transaction workflows, and operational processes. According to Martin Halford, EO of Polymath:

“Tokenization without capital formation is incomplete. By embedding Dalmore’s broker-dealer capabilities into our platform, with regulatory approval, we are enabling issuers to not only launch digital securities, but to do so within a fully compliant, scalable capital-raising framework.”

“We’ve spent the last decade building the operating rails behind modern capital formation, onboarding over 1,000 issuers, supporting more than $4 billion in capital raised, and processing well over one million investment transactions,” said Etan Butler, Chairman of Dalmore Group. “Through our BDOS architecture, we’re now embedding that experience directly into platforms like Polymath so every issuer benefits from institutional-grade compliance, automation, and capital-raising efficiency from day one.”

The partnership extends beyond primary issuance to support the full lifecycle of modern securities, including automation, investor management, and readiness for future secondary market integrations, subject to regulatory approvals.

Together, Polymath and Dalmore Group deliver a unified platform combining digital issuance technology, embedded broker-dealer compliance, scalable investor onboarding, and capital formation infrastructure.

The partnership supports Polymath’s broader mission to modernize how growth-stage companies access capital in the United States.

Companies, fund sponsors, and capital markets participants seeking modern fundraising infrastructure can learn more about launching offerings through the Polymath Capital Platform at www.polymath.network.

About Polymath:
Polymath builds enterprise-grade infrastructure for the issuance, compliance, and lifecycle management of tokenized securities and real-world assets, enabling institutions to create and manage digital financial products across global markets.

About Dalmore Group:
Dalmore Group is a U.S. licensed broker-dealer providing regulatory infrastructure, transaction management, and capital formation solutions. Dalmore has onboarded over 1,000 issuers, supported more than $4 billion in capital raised, and processed well over one million investment transactions.

Dalmore Group LLC is a Member of FINRA/SIPC. https://brokercheck.finra.org/

Important Disclaimer:
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering will be made only through definitive offering documents and in compliance with applicable securities laws.

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of applicable U.S. and Canadian securities laws. These statements are based on current expectations and assumptions and relate to, among other things, the benefits of the partnership with Dalmore Group, the future outlook for tokenization, including tokenization platforms, and the functionality of the Polymath Platform following the integration. Actual results may differ materially due to risks and uncertainties, including the ability of the parties to integrate the platforms as anticipated, market and regulatory conditions, and other risk factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made.

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SOURCE Polymath Research Inc.