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IndoStar Capital Finance consolidated PAT for FY25 ₹120.5 Crore, AUM up 26%, Disbursement up 17%

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FY25 Annual Performance (Consolidated):

AUM at ₹11,053 crore, up 26% from ₹8,763 crore in FY24 and up 4% from ₹10,625 crore in Q3 FY25Focus Retail AUM (CV + HFC) ~ ₹10,492 crore; up 33% from ~ ₹7,864 crore in FY24Disbursements (CV + HFC) of ₹6,374 crore, up 25% from ₹5,081 crore in FY24

Q4 FY25 Highlights (Standalone – ICF):

AUM at ₹7,963 crore, up 1% QoQ from ₹7,877 crore in Q3 FY25 and up 23% from Q4 FY24VF AUM at ₹7,401 crore, up 1% QoQ from ₹7,303 crore in Q3 FY25 and up 32% from Q4 FY24VF Disbursements at ₹1,046 crore, down 24% from ₹1,383 crore in Q4 FY24Debt/Equity Ratio at 2.03xGross Stage 3 assets at 4.52% for Q4 FY25Net Stage 3 assets are at 2.46% for Q4 FY25Strong Capital Adequacy at 28.46%

Q4 FY25 Highlights (Subsidiary – Niwas Housing Finance Private Limited “NHFPL” formerly known as IndoStar Home Finance Private Limited):

AUM at ₹3,091 crore, up 12% QoQ from ₹2,748 crore in Q3 FY25, and up 36% from Q4 FY24Disbursements at ₹455 crore up 50% from ₹302 crore in Q4 FY24Debt/Equity Ratio at 3.43x timesGross Stage 3 assets at 1.35% for Q4 FY25Net Stage 3 assets at 0.90% for Q4 FY25Strong Capital Adequacy at 49.80%, on a standalone basis

MUMBAI, India, April 30, 2025 /PRNewswire/ — IndoStar, a middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter ended and year ended March 31st, 2025, earlier today.

The company’s AUM at ₹11,053 crore, is up 4% QoQ from ₹10,625 crore in Q3 FY25. At a consolidated level, the Company delivered a PAT of ₹36 crore for Q4 FY25.

Progress on key initiatives is as under:

NHFPL acquisition approval from RBI: On March 21, 2025, RBI accorded its approval for the acquisition of shareholding of up to 100% of the paid-up equity capital of NHFPL by WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (“EQT”), a global private equity investor. The closing of the transaction remains subject to completion of relevant customary conditions.

Change in Management:

IndoStar made certain changes in its board composition, including:Ms. Naina Krishna Murthy, appointed as Chairperson of the Board (w.e.f. March 5, 2025);Mr. Bobby Parikh, re-appointed to the Board as Non-Executive and Non-Independent Director (w.e.f. March 5, 2025); andMs. Sujatha Mohan, appointed as Independent Director (w.e.f. April 21, 2025)

          These changes were made with a view to augmenting the Board’s oversight in key areas such as technology and owing to the completion of the term of Mr. Bobby Parikh as Chairman and Independent Director.

Sale of Stressed Pool: On March 29, 2025, IndoStar sold a pool of assets from its Commercial Vehicle business, aggregating to dues outstanding worth ₹90.6 crore to Assets Care & Reconstruction Enterprise Limited (“ACRE”).

IndoStar Capital Finance Limited (“ICFL”) (Standalone) Financial performance

ICFL delivered a PAT of ₹12 crore in Q4 FY25. The AUM for ICFL stands at ₹7,963 crore out of which the retail vehicle finance business is ₹7,401 crore. Disbursements during the quarter stood at ₹1,081 crore, down 26% from ₹1,465 crore in Q4 FY24. The company’s Gross Stage 3 reduced to 4.52% in Q4 FY25 and Net Stage 3 is at 2.46%. The company maintained a strong Capital Adequacy Ratio (CAR) of 28.46% on a standalone basis. Debt equity ratio stood at 2.03x.

Niwas Housing Finance Private Limited (“NHFPL”) (Standalone) Financial Performance

NHFPL delivered a PAT of ₹24 crore in Q4 FY25 aided by AUM growth and securitization transactions. The AUM in NHFPL stands at ₹3,091 crore in Q4 FY25, up 36% from ₹2,270 crore in Q4 FY24. NHFPL continues to deliver on its core strategy of providing affordable housing loans in semi-rural and rural markets, while maintaining healthy asset quality. The company reported Gross Stage 3 assets at 1.35%. NHFPL has a Capital Adequacy Ratio (CAR) of 49.80%.

Key Performance Highlights (ICF Standalone):

Particulars (₹ in crore)

Q4 FY25

Q3 FY25

Q-o-Q %

Q4 FY24

Y-o-Y %

FY25

FY24

Y-o-Y %

Net Revenue from operations

181.3

180.5

0.4 %

234.0

(22.5 %)

671.6

544.1

23.4 %

Operating expenses

(119.5)

(121.2)

(1.4 %)

(112.3)

6.4 %

(481.5)

(389.4)

23.6 %

Pre-provision operating profit

61.8

59.4

4.1 %

121.7

(49.2 %)

190.1

154.7

22.9 %

Profit after tax

12.4

11.4

8.9 %

19.6

(36.5 %)

52.6

71.6

(26.6 %)

CAR (%) Standalone

28.5 %

28.5 %

28.9 %

28.5 %

28.9 %

Leverage (D/E)

2.0x

2.0x

2.0x

2.0x

2.0x

Key Performance Highlights (NHFPL Standalone):

Particulars (₹ in crore)

Q4 FY25

Q3 FY25

Q-o-Q %

Q4 FY24

Y-o-Y %

FY25

FY24

Y-o-Y %

Net Revenue from operations

74.4

60.3

23.5 %

50.4

47.7 %

238.0

182.8

30.2 %

Operating expenses

(36.7)

(33.9)

8.4 %

(28.9)

27.2 %

(132.4)

(119.6)

10.7 %

Pre-provision operating profit

37.7

26.4

42.9 %

21.5

75.1 %

105.6

63.2

67.2 %

Profit after tax

23.7

16.3

45.9 %

15.7

51.4 %

67.8

44.1

53.7 %

CAR (%) Standalone

49.8 %

52.6 %

57.3 %

49.8 %

57.3 %

Leverage (D/E)

3.4x

3.0x

2.6x

3.4x

2.6x

About IndoStar Capital Finance Limited

IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a middle layered NBFC. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned entity engaged in providing used and new commercial vehicle financing and affordable Home Finance through its wholly owned subsidiary, Niwas Housing Finance Private Limited. For more information, visit www.indostarcapital.com.

(BSE: 541336) | (NSE: INDOSTAR) | (ISIN: INE896L01010) | CIN: L65100MH2009PLC268160 

Safe Harbor

This document is to provide the general background information about the Company’s activities as at the date of the release. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This release may include certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ”expects”, “plans”, ‘will”, “estimates”, “projects”, or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers of this release are cautioned not to place undue reliance on these forward-looking statements. This release may contain certain currency exchange rates and the same have been provided only for the convenience of reader.

Logo: https://mma.prnewswire.com/media/2602496/IndoStar_Logo.jpg

 

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CAS Holdings Appoints Patrick McDermott as Chief Executive Officer

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Leadership Transition Positions CAS Holdings for Continued Growth and Customer-Focused Innovation

FRANKLIN, Mass., April 18, 2026 /PRNewswire/ — CAS Holdings, a leader in industrial automation distribution, engineering, and integration, is pleased to announce that Patrick McDermott has been named Chief Executive Officer.

McDermott previously served as President and Chief Revenue Officer, where he played a key role in driving growth across the organization, strengthening customer relationships, and leading teams with a clear focus on execution and results.

In his new role as CEO, McDermott will lead CAS Holdings into its next phase of growth, building on the company’s strong foundation and continued commitment to delivering value to customers, partners, and employees.

“I’m honored to step into the role of CEO at CAS Holdings,” said McDermott. “Over the past year, I’ve had the opportunity to work alongside an incredible team, support our customers, and help drive the growth of our organization. I’m excited to build on that momentum as we move into our next chapter.”

CAS Holdings, through its divisions including iAutomation and RND Automation, delivers a full spectrum of industrial automation solutions – from product distribution and technical support to custom machine building and system integration. Serving OEM machine builders and end-users, the company brings deep expertise in motion control, robotics, and vision, along with value-added capabilities such as kitting, sub-assembly, panel building, and turnkey automation systems, acting as an extension of its customers’ engineering and production teams.

McDermott’s leadership will focus on advancing CAS Holdings’ strategic initiatives, strengthening its market position, and continuing to deliver innovative automation solutions that support customers across a wide range of industries.

“We have a strong foundation, a talented team, and a clear direction. I’m looking forward to what we’ll accomplish together,” McDermott said. “Our focus remains on supporting our customers with responsive, local expertise, strong supplier partnerships, and the engineering and production capabilities they rely on to keep their operations running and growing.”

About Complete Automation Solutions Holdings

Complete Automation Solutions Holdings (CAS Holdings) is dedicated to empowering industrial automation companies, including those in the packaging industry, to achieve optimal efficiency and success. With a diverse portfolio encompassing industrial distribution, panel building and assembly, system integration, and robotics, CAS Holdings provides comprehensive packaging machines and solutions tailored to meet industry needs. The company prioritizes strong partnerships, expert engineering, and innovative solutions, ensuring sustainable practices and continuous improvement. CAS Holdings envisions a future where its transformative automation solutions redefine industry standards and drive growth. Committed to transparency and collaboration, CAS Holdings aims to be the most trusted partner in the automation sector.

Press Contact:

Erika Jacques
508-838-8012
http://www.iautomation.com/

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SOURCE CAS Holdings, Inc.

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Vipboss Marks Earth Day with Renewed Commitment to Green Energy Solutions

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NEW YORK, April 18, 2026 /PRNewswire/ — As Earth Day draws global attention to environmental responsibility, Vipboss, a specialist manufacturer and developer of lithium iron phosphate (LiFePO4) battery packs for energy storage and mobility applications, is underscoring its long‑term commitment to sustainable energy practices through its Environmental Advocacy. This advocacy is devoid of ornate language; its inspiration stems from the brand’s unwavering conviction in LiFePO4 batteries as a green energy solution. To align this message with practical action, the brand is also running a themed sales campaign on its official website during April 18th to 30th. It highlights how practical product solutions, rather than abstract concepts, can support cleaner energy use in everyday life.

Across the world, energy consumption patterns are undergoing rapid change. Households, outdoor users, and light‑mobility sectors are increasingly seeking energy systems that are safe, sustainable, and low‑emission. Within this shift, LiFePO4 batteries have emerged as a preferred technology for clean‑energy applications. Their long service life, high safety profile, and absence of cobalt, which is an element associated with higher environmental and ethical risks, position them as a responsible choice in the global transition toward greener power.

LiFePO4 technology forms the foundation of Vipboss’s approach to sustainable energy. Its extended cycle life reduces the frequency of battery replacement, lowering resource consumption and easing the environmental burden associated with disposal. The material’s inherent stability also minimizes the risk of thermal runaway, offering a safer experience in homes, recreational vehicles, and public environments. In practical use cases such as home backup systems, RV travel, and golf‑course operations, LiFePO4 batteries deliver efficient storage and stable output, helping reduce reliance on fossil‑fuel‑based energy sources and supporting lower‑carbon lifestyles.

Vipboss’s environmental advocacy extends beyond the technical advantages of its products. The brand promotes responsible energy use as an integral part of sustainable living, emphasizing that product design and informed application must work together to achieve meaningful environmental outcomes. As a provider of energy solutions for home, travel, and leisure scenarios, Vipboss continues to participate in the long‑term process of green transformation through ongoing technological refinement and product evolution.

Earth Day serves as a reminder that lasting environmental impact is built through small, consistent actions. Looking ahead, Vipboss will continue advancing safer, more durable, and more efficient energy products that support individuals and families in adopting more sustainable energy habits. Through these efforts, the brand aims to contribute enduring value to the wider adoption of clean energy and the collective pursuit of a more sustainable future.

About Vipboss

Vipboss is a specialist in the lithium battery industry, focusing on the research, production, and manufacturing of lithium iron phosphate (LiFePO4) battery packs. The company is committed to advancing battery technology with an emphasis on reliable performance, safety, and extended service life. Its mission is to deliver safe, efficient, and environmentally responsible energy solutions that contribute to a cleaner, more sustainable future.

For more information, please visit: https://vipbosspower.com/.

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Pastor Dino Rizzo Marks 100 Days to Serve Day Ahead of Global Outreach Initiative

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Pastor Dino Rizzo highlighted the milestone of 100 days until Serve Day 2026, as thousands of churches prepare to serve their communities through coordinated acts of kindness on July 11.

BIRMINGHAM, Ala., April 18, 2026 /PRNewswire/ — Pastor Dino Rizzo joined church leaders and teams on April 2 to mark 100 days until Serve Day 2026, a global outreach initiative set for July 11. The milestone brings together more than 2,900 churches preparing to serve their local communities through practical acts of kindness and outreach.

Serve Day, led by many churches within the Association of Related Churches, provides a coordinated opportunity for churches worldwide to engage their cities and demonstrate their faith through service. Pastor Dino Rizzo, who serves as Executive Director of ARC, emphasized the significance of the initiative as both a single-day event and a broader movement.

“Serve Day provides churches across the world with opportunities to serve their local communities and share the love of God through practical acts of kindness,” Rizzo said. “Our hope is that serving others becomes our focus throughout the year.”

The April 2 milestone reflects growing participation and anticipation among churches globally. Leaders are currently equipping teams, organizing projects, and connecting with local communities in preparation for July. Churches that join the initiative gain access to resources, including the Serve Day playbook, monthly leadership calls, and a private online community designed to support collaboration and planning.

Pastor Dino Rizzo has long championed the role of service within the church through the Servolution movement. Introduced through his 2009 book Servolution: Starting a Church Revolution Through Serving, the concept calls churches to embed serving into their culture rather than limit it to occasional events. The message has since influenced hundreds of churches across multiple countries, including the United States, Peru, New Zealand, and Poland.

“Serving is not just about an event. It is about building a culture where meeting needs and reaching people becomes part of who we are,” Rizzo has shared in previous teachings, reinforcing the long-term vision behind initiatives like Serve Day.

In addition to leading Serve Day, Pastor Dino Rizzo continues his work with ARC, which has planted over 1200 churches and continues to train and equip new church leaders. His involvement in conferences, leadership development, and global outreach initiatives reflects a consistent focus on sustainable church growth and community impact.

Churches interested in participating in Serve Day 2026 can learn more through ARC’s official website and access resources designed to support local outreach efforts.

About Pastor Dino Rizzo

Pastor Dino Rizzo is a pastor, author, and church leader known for his emphasis on service, leadership, and healthy church culture. He serves as Executive Director of the Association of Related Churches, an organization that has helped launch hundreds of churches worldwide. Rizzo is also the author of Servolution, a book that has inspired a global movement centered on serving others as a core expression of faith.

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