KOLKATA, India, July 30, 2026 /PRNewswire/ — Vikram Solar Limited, a pioneer in India’s solar PV module manufacturing, has been awarded the EcoVadis Platinum Medal for 2026, one of the highest ratings issued by the global sustainability assessment leader, and the second consecutive year Vikram Solar has earned it. This year, the Company improved its overall score to 88/100, up from its previous year’s score of 84/100.

This score places Vikram Solar in the 99th percentile of all companies assessed by EcoVadis, among the top 1% worldwide. The score of 88/100 is, in fact, the highest in the sector so far (at a Group level, spanning all Vikram Solar group companies globally), based on EcoVadis research as of July 2026. Notably, Vikram Solar raised its score across all four assessment themes year on year — Environment, Labour & Human Rights, Ethics and Sustainable Procurement.

Mr. Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar, said: “Earning the EcoVadis Platinum Medal for a second consecutive year, and improving our score across every vertical, tells us that sustainability at Vikram Solar is not a one-time achievement but a discipline we practise every day. To be placed among the top 1% of companies worldwide, once again, affirms that responsible manufacturing and long-term value creation are one and the same pursuit. Over the past year, we have deepened that commitment in measurable ways, including the launch of our first Annual Sustainability Report for FY26.”

The rating is underpinned by a year of concrete progress across Vikram Solar’s sustainability agenda. The Company’s first Annual Sustainability Report highlights several key milestones, including the completion of a Life Cycle Assessment (ISO 14040 and ISO 14044) and a Product Carbon Footprint assessment (ISO 14067) for its Hypersol module, along with the independent verification and assurance of its greenhouse gas emissions in accordance with ISO 14064.

Vikram Solar has also secured the ISO 50001:2018 energy management system certification across all its manufacturing sites. Over the year, it recorded measurable improvements in water reuse and recycling, in greenhouse gas intensity through backward integration and indigenous upstream sourcing, and in the adoption of EVs and self-reliance. The company has also strengthened circularity in line with Extended Producer Responsibility (EPR) norms and various resource conservation initiatives through the year.

Over the same period, the Company was awarded notable recognitions like the Gold Award at the 23rd Greentech Safety, Fire & Security (SFS) Awards, the CII EHS Excellence Silver Award for its manufacturing sites, and the position of a Premium Member at the British Safety Council, with the opportunity to present its sustainability best practices at the 20th UN Global Compact Convention.

This recognition comes at a time of significant momentum for Vikram Solar, reinforcing the Company’s conviction that responsible practices and ambitious growth are not competing priorities, but two sides of the same commitment to building a cleaner, future-ready energy ecosystem.

About Vikram Solar Limited:

Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India. Vikram Solar is a 9th time ‘Top Performer’ in PVEL’s PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 9 consecutive quarters. Vikram Solar Limited has established a pan-India presence through an extensive distributor network of 110+ authorized distributors and more than 550+ dealers.

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SINGAPORE and BENGALURU, India, July 30, 2026 /PRNewswire/ — ADA, The Data and AI Experience Company, today announced it has completed acquisition of Algonomy, a leader in agentic decisioning for retail. The deal strengthens ADA’s intelligent growth platform with AI decisioning technology, closing the gap from data and insight to a fully agentic experience, and extending ADA’s reach to 34 combined markets across APAC, the US, MENA, and Europe.

Algonomy built on the legacy of Manthan and RichRelevance, is trusted by over 400 leading brands globally for delivering autonomous, hyper-personalized customer experiences.

Together, the ADA and Algonomy complete a platform that understands the customers and acts for them. Every customer signal runs through a data foundation, where AI agents drive real-time decisions to determine the right price, offer, product, message and then delivers a personalized response across every touchpoint, simultaneously.

“We believe every customer touch point will be AI agent driven, and we are building the world’s most intelligent growth platform to power that world. With Algonomy, we add deep AI capabilities in personalization, merchandising and supply-chain intelligence, bringing us closer to our vision,” said Srinivas Gattamneni, CEO of ADA.

“We started Algonomy twenty years ago on a single bet: that better decisions, made faster, would change what brands could do for the consumers of their products. Four hundred brands later, through several reinventions of this industry, the bet has held. ADA gives it a far bigger stage, and it comes at the precise moment decisioning stops advising and starts acting. I’ve never had appetite for watching a shift like this from the sidelines, and this is the one I am excited to help build, not just call,” said Atul Jalan, CEO of Algonomy

After acquisition, clients retain full access to Algonomy products, solutions and teams while gaining from broader capabilities of ADA. The combined business now operates under the ADA brand worldwide.

About ADA

ADA is the Data and AI Experience Company that designs, builds, and operates trusted, agentic AI experiences that drive measurable outcomes, combining AI Identity & Trust, AI-Powered Personalization & Commerce, and AI-Ready Data Stack Enablement Solutions. Headquartered in Singapore and Malaysia, with a 1,300-strong team serving 1,500 clients across Retail, CPG, FSI, and more, ADA helps enterprises unlock value from data and transform marketing and commerce into autonomous, agentic outcomes.

Learn more: www.adaglobal.com

About Algonomy

Algonomy helps consumer businesses maximize customer value by automating decisioning across their retail business lifecycle, with AI-enabled solutions for eCommerce, Marketing, Merchandising, and Supply Chain. Algonomy is a trusted partner to more than 400 leading brands, with a global presence spanning over 20 countries. Our innovations have garnered recognition from top industry analysts such as IDC, Gartner and Forrester.

Learn more: www.algonomy.com

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SOURCE ADA

AUM as of June 2026, stood at ₹ 8,244 crore

MUMBAI, India, July 30, 2026 /PRNewswire/ — IndoStar Capital Finance, a retail focused, middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter ended June 30, 2026, earlier today.

IndoStar is focused on secured, high yielding lending across Used Vehicle Finance (VF) and Micro Loans Against Property (M-LAP), targeting the credit needs of underbanked, underserved and income-generating segments across tier 3, 4 & 5 markets.

Operational and Financial Highlights:

Disbursements stood at INR 1,235 crore during the quarter, registering a strong 44% growth over Q1 FY26.Asset under Management (AUM) increased to INR 8,244 crore, as of 30th June 2026, 6% growth over Q1 FY26.Net Interest Income stood at INR 219 crore, up 39% YoY, supported by improved portfolio yields and continued reduction in borrowing costs.Pre-provision operating profit (PPOP) stood at INR 93 crore, remaining stable as compared to the previous quarter. Profit after Tax (PAT) stood at INR 11 crore.The Company continued to strengthen its funding profile, with its weighted average cost of funds declining to 9.9% in Q1 FY27 from 10.7% in Q1 FY26, an improvement of 80 basis points. While incremental cost of fund stood at 9.1%.As of June 30, 2026, Gross Stage 3 assets stood at 4.84%, while Net Stage 3 assets were 2.48%.

Progress on strategic initiatives:

IndoStar continued to make progress on its key strategic priorities:

Credit Strengthening:Strengthened credit risk framework through enhanced underwriting, refined customer selection filters, proprietary scorecards and early warning systems.Digital Transformation:Continued to advance the digital lending journey through E-Application, E-NACH, E-Agreement and scorecard-based credit decisioning.Driving growth:Continued to scale the retail loan portfolio, supported by 3% QoQ growth in Vehicle Finance and 24% QoQ growth in Micro LAP.Branch Expansion:Expanded the branch network to 468 branches across 24 states and union territories, with the addition of 14 branches during the quarter.Leveraged the existing Vehicle Finance branch network to scale the Micro LAP business, expanding the Micro LAP network from 108 to 125 branches.

Key Performance Highlights (ICF Standalone):

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 vehicle financing and secured loans to small business owners.

For more information, visit www.indostarcapital.com.

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

Safe Harbor

This document is to provide 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 do not guarantee 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.

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