Tag: GlobeNewswire

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) — SCWorx Corp. (“SCWorx” or the “Company”) (Nasdaq: WORX), a provider of data management solutions for the healthcare industry, today announced that the Company has been notified by Nasdaq that its common stock will be reinstated for trading on The Nasdaq Stock Market effective at the open of trading on Wednesday, October 7, 2026.

“We are pleased to resume trading on Nasdaq and bring this process to a successful conclusion,” said Tim Hannibal, President and Chief Executive Officer of SCWorx. “We appreciate the patience and continued support of our shareholders throughout this process. Our focus remains on executing our business strategy, expanding our customer relationships and creating long-term value for our shareholders.”

About SCWorx Corp.

SCWorx Corp. provides healthcare data management solutions designed to help healthcare organizations improve the accuracy, standardization and usability of their supply chain data. SCWorx combines healthcare-specific data expertise, proprietary data assets and technology-enabled workflows to enrich, normalize and manage healthcare product information used across supply chain, financial and clinical systems.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the Company’s business strategy, growth opportunities, customer relationships and efforts to create long-term shareholder value. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information concerning risks and uncertainties affecting SCWorx is contained in the Company’s filings with the Securities and Exchange Commission. SCWorx undertakes no obligation to update any forward-looking statement except as required by applicable law.

Investor Contact
SCWorx Investor Relations
ir@scworx.com

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) — SCWorx Corp. (“SCWorx” or the “Company”) (Nasdaq: WORX), a provider of data management solutions for the healthcare industry, today announced that the Company has been notified by Nasdaq that its common stock will be reinstated for trading on The Nasdaq Stock Market effective at the open of trading on Wednesday, October 7, 2026.

“We are pleased to resume trading on Nasdaq and bring this process to a successful conclusion,” said Tim Hannibal, President and Chief Executive Officer of SCWorx. “We appreciate the patience and continued support of our shareholders throughout this process. Our focus remains on executing our business strategy, expanding our customer relationships and creating long-term value for our shareholders.”

About SCWorx Corp.

SCWorx Corp. provides healthcare data management solutions designed to help healthcare organizations improve the accuracy, standardization and usability of their supply chain data. SCWorx combines healthcare-specific data expertise, proprietary data assets and technology-enabled workflows to enrich, normalize and manage healthcare product information used across supply chain, financial and clinical systems.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the Company’s business strategy, growth opportunities, customer relationships and efforts to create long-term shareholder value. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information concerning risks and uncertainties affecting SCWorx is contained in the Company’s filings with the Securities and Exchange Commission. SCWorx undertakes no obligation to update any forward-looking statement except as required by applicable law.

Investor Contact
SCWorx Investor Relations
ir@scworx.com

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) — SCWorx Corp. (“SCWorx” or the “Company”) (Nasdaq: WORX), a provider of data management solutions for the healthcare industry, today announced that the Company has been notified by Nasdaq that its common stock will be reinstated for trading on The Nasdaq Stock Market effective at the open of trading on Wednesday, October 7, 2026.

“We are pleased to resume trading on Nasdaq and bring this process to a successful conclusion,” said Tim Hannibal, President and Chief Executive Officer of SCWorx. “We appreciate the patience and continued support of our shareholders throughout this process. Our focus remains on executing our business strategy, expanding our customer relationships and creating long-term value for our shareholders.”

About SCWorx Corp.

SCWorx Corp. provides healthcare data management solutions designed to help healthcare organizations improve the accuracy, standardization and usability of their supply chain data. SCWorx combines healthcare-specific data expertise, proprietary data assets and technology-enabled workflows to enrich, normalize and manage healthcare product information used across supply chain, financial and clinical systems.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the Company’s business strategy, growth opportunities, customer relationships and efforts to create long-term shareholder value. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information concerning risks and uncertainties affecting SCWorx is contained in the Company’s filings with the Securities and Exchange Commission. SCWorx undertakes no obligation to update any forward-looking statement except as required by applicable law.

Investor Contact
SCWorx Investor Relations
ir@scworx.com

Hong Kong, Oct. 06, 2026 (GLOBE NEWSWIRE) — NFT Ltd. (NYSE American: MI) (“Company” or “NFT”, formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles,  today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1,890,000 units, with each unit consists of one Class A ordinary share, par value of US$0.04 per share (“Ordinary Share”), or one pre-funded warrant in lieu thereof, and one warrant (collectively, the “Securities”) in a registered direct offering. The effective offering price for each unit is $1.35.

Each Unit consists of one Ordinary Share of the Company (or one pre-funded warrant to purchase one Ordinary Share in lieu thereof) (“Pre-Funded Warrant”), and one Common Warrant to purchase one Ordinary Share of the Company (the “Common Warrant”). Each Unit consisting of a Pre-Funded Warrant in lieu of an Ordinary Share and a Common Warrant is referred to herein as a “Pre-Funded Unit.” The public offering price per Pre-Funded Unit is $1.31, which is equal to the public offering price per Unit to be sold in the Offering, minus the $0.04 exercise price per Pre-Funded Warrant. The aggregate gross proceeds from the Offering are expected to be approximately US$2.55 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses.

Each Common Warrant will be immediately exercisable upon issuance at an initial exercise price of US$1.35, which is equal to the public offering price per Unit. The warrant exercise price is subject to anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sale and other corporate restructurings. The Common Warrants will expire on the fifth anniversary of the issuance date.

The closing of the Offering is currently expected to take place on October 7, 2026, subject to the satisfaction of customary closing conditions set forth in the Securities Purchase Agreements dated October 6, 2026 by and between the Company and the purchasers signatory thereto, and related transaction documents. The Company intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.

Maxim Group LLC is acting as the sole placement agent for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel to the Company, and Pryor Cashman LLP is acting as U.S. securities counsel to the placement agent, in connection with the Offering.

The Securities sold in the registered direct offering are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-284912), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 28, 2025. The offering of the Securities will be made only by means of a prospectus supplement that forms a part of such registration statement. A prospectus supplement relating to the Securities offered in the registered direct offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About NFT Limited

NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. We also provide NFT consulting with respect to the strategic utilization of blockchain technology and NFT launch. Given our goal to create multiple potential revenue streams and continue to diverse the business model, we are also exploring NFT gaming business including sales of in-game characters NFTs and sales of membership packs, and launching AI computing and humanoid robotics initiatives.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Company’s ability to complete the Offering in accordance with the expected timeline and terms; satisfaction of closing conditions; the planned use and actual deployment of net proceeds; adverse changes in global market conditions and capital market sentiment; risks relating to the Company’s business strategy adjustment and asset optimization; the ability to maintain the Company’s Nasdaq listing status; changes in industry policies and regulatory rules; future capital financing needs; and other risk factors disclosed in the Company’s periodic filings and subsequent submissions with the SEC, including its Annual Report on Form 20-F. All forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable law.

Contact:

Investor Relations
IR@nft-limited.com

Hong Kong, Oct. 06, 2026 (GLOBE NEWSWIRE) — NFT Ltd. (NYSE American: MI) (“Company” or “NFT”, formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles,  today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1,890,000 units, with each unit consists of one Class A ordinary share, par value of US$0.04 per share (“Ordinary Share”), or one pre-funded warrant in lieu thereof, and one warrant (collectively, the “Securities”) in a registered direct offering. The effective offering price for each unit is $1.35.

Each Unit consists of one Ordinary Share of the Company (or one pre-funded warrant to purchase one Ordinary Share in lieu thereof) (“Pre-Funded Warrant”), and one Common Warrant to purchase one Ordinary Share of the Company (the “Common Warrant”). Each Unit consisting of a Pre-Funded Warrant in lieu of an Ordinary Share and a Common Warrant is referred to herein as a “Pre-Funded Unit.” The public offering price per Pre-Funded Unit is $1.31, which is equal to the public offering price per Unit to be sold in the Offering, minus the $0.04 exercise price per Pre-Funded Warrant. The aggregate gross proceeds from the Offering are expected to be approximately US$2.55 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses.

Each Common Warrant will be immediately exercisable upon issuance at an initial exercise price of US$1.35, which is equal to the public offering price per Unit. The warrant exercise price is subject to anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sale and other corporate restructurings. The Common Warrants will expire on the fifth anniversary of the issuance date.

The closing of the Offering is currently expected to take place on October 7, 2026, subject to the satisfaction of customary closing conditions set forth in the Securities Purchase Agreements dated October 6, 2026 by and between the Company and the purchasers signatory thereto, and related transaction documents. The Company intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.

Maxim Group LLC is acting as the sole placement agent for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel to the Company, and Pryor Cashman LLP is acting as U.S. securities counsel to the placement agent, in connection with the Offering.

The Securities sold in the registered direct offering are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-284912), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 28, 2025. The offering of the Securities will be made only by means of a prospectus supplement that forms a part of such registration statement. A prospectus supplement relating to the Securities offered in the registered direct offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About NFT Limited

NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. We also provide NFT consulting with respect to the strategic utilization of blockchain technology and NFT launch. Given our goal to create multiple potential revenue streams and continue to diverse the business model, we are also exploring NFT gaming business including sales of in-game characters NFTs and sales of membership packs, and launching AI computing and humanoid robotics initiatives.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Company’s ability to complete the Offering in accordance with the expected timeline and terms; satisfaction of closing conditions; the planned use and actual deployment of net proceeds; adverse changes in global market conditions and capital market sentiment; risks relating to the Company’s business strategy adjustment and asset optimization; the ability to maintain the Company’s Nasdaq listing status; changes in industry policies and regulatory rules; future capital financing needs; and other risk factors disclosed in the Company’s periodic filings and subsequent submissions with the SEC, including its Annual Report on Form 20-F. All forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable law.

Contact:

Investor Relations
IR@nft-limited.com

ANDOVER, Mass., Oct. 06, 2026 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) announced today it will hold its third quarter 2026 earnings conference call and webcast on Tuesday, October 20, 2026 at 8:00 a.m. (Eastern). Prepared remarks regarding the company’s financial and operational results for the three and nine months ended September 30, 2026 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing.

Results for the third quarter will be released over GlobeNewswire at 7:00 a.m. on October 20, 2026 and the press release and a summary of the company’s financial statements will be available shortly thereafter on the Investor Relations page of Vicor’s website.

Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 8:00 a.m. on October 20, 2026.

For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor’s website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software.

For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor’s website.

About Vicor

Vicor designs, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Vicor licenses its patents to OEMs and hyper-scalers needing supply chain assurance, flexibility and scalability. Headquartered in Andover, Massachusetts, Vicor modules and power system technology are used in high performance computing, industrial, transportation, aerospace and defense.

www.vicorpower.com

For further information contact:
Vicor Corporation
James F. Schmidt
Chief Financial Officer
Office: (978) 470-2900
Email: invrel@vicorpower.com

ANDOVER, Mass., Oct. 06, 2026 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) announced today it will hold its third quarter 2026 earnings conference call and webcast on Tuesday, October 20, 2026 at 8:00 a.m. (Eastern). Prepared remarks regarding the company’s financial and operational results for the three and nine months ended September 30, 2026 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing.

Results for the third quarter will be released over GlobeNewswire at 7:00 a.m. on October 20, 2026 and the press release and a summary of the company’s financial statements will be available shortly thereafter on the Investor Relations page of Vicor’s website.

Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 8:00 a.m. on October 20, 2026.

For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor’s website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software.

For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor’s website.

About Vicor

Vicor designs, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Vicor licenses its patents to OEMs and hyper-scalers needing supply chain assurance, flexibility and scalability. Headquartered in Andover, Massachusetts, Vicor modules and power system technology are used in high performance computing, industrial, transportation, aerospace and defense.

www.vicorpower.com

For further information contact:
Vicor Corporation
James F. Schmidt
Chief Financial Officer
Office: (978) 470-2900
Email: invrel@vicorpower.com

CINCINNATI, Oct. 06, 2026 (GLOBE NEWSWIRE) — The E.W. Scripps Company (NASDAQ: SSP) will report third-quarter 2026 operating results after the markets close on Thursday, Nov. 5. The call with the company’s senior management team will take place at 9:30 a.m. Eastern time on Friday, Nov. 6.

The company’s protocol for joining its earnings calls is as follows:

• To access a live webcast of the call, participants will need to register by visiting http://ir.scripps.com/. The registration link can be found on that page under “upcoming events.”
• To dial in by phone, participants will first need to visit a website to receive the phone number. To receive a listen-only dial-in and PIN code, visit https://edge.media-server.com/mmc/p/32s8jqy4/.
• Analysts who will be asking questions should visit this webpage to receive a different dial-in and PIN, which will identify them by name on the call: https://register-conf.media-server.com/register/BI65e1d76cd29347e79d43d1608d1fc52d.

A replay of the conference call will be archived and available online for an extended period of time. To access the audio replay, visit http://ir.scripps.com/ approximately four hours after the call, and the link can be found on that page under “audio/video links.”

Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, rebecca.mccarter@scripps.com
Investor contact: Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732, carolyn.micheli@scripps.com

About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets. Scripps reaches households across the U.S. with national news outlet Scripps News and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”

6 October 2026

Disclosure of trading in own shares

under a share buyback program

Period: From 28 September to 02 October 2026

Issuer’s registered name: Ipsos

Issuer’s Identification code: 9695002OY2X35E9X8W87

Financial instrument reference: Ordinary shares – ISIN code FR0000073298

Reporting of transactions in aggregated form (per day and per trading venue)

Issuer name	Issuer Code	Transaction date	ISIN Code	Daily total volume (in number of shares)	Daily weighted average price of shares acquired	Platform
			ISIN code (ISO 6166)			MIC code (ISO 10383)
IPSOS	9695002OY2X35E9X8W87	28-Sep-26	FR0000073298	10 250	35,6474	XPAR
IPSOS	9695002OY2X35E9X8W87	28-Sep-26	FR0000073298	9 250	35,6250	CEUX
IPSOS	9695002OY2X35E9X8W87	29-Sep-26	FR0000073298	12 079	35,6733	XPAR
IPSOS	9695002OY2X35E9X8W87	29-Sep-26	FR0000073298	5 976	35,6705	CEUX
IPSOS	9695002OY2X35E9X8W87	30-Sep-26	FR0000073298	8 911	35,1195	XPAR
IPSOS	9695002OY2X35E9X8W87	30-Sep-26	FR0000073298	2 548	35,0444	CEUX
IPSOS	9695002OY2X35E9X8W87	1-Oct-26	FR0000073298	12 154	35,3652	XPAR
IPSOS	9695002OY2X35E9X8W87	1-Oct-26	FR0000073298	3 984	35,1802	CEUX
IPSOS	9695002OY2X35E9X8W87	2-Oct-26	FR0000073298	9 697	35,1928	XPAR
IPSOS	9695002OY2X35E9X8W87	2-Oct-26	FR0000073298	6 500	35,1852	CEUX

Detailed presentation by transaction

A detailed presentation by transaction is available on the Company’s website (www.ipsos.com), in the section on regulated information, in the chapter entitled: “Share buyback programs and share buyback declarations”: https://www.ipsos.com/en/regulated-informations/en.

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• 2026 10 06_Communiqué_Rachat d’actions propres_va

PRESS
RELEASE

Nanterre, France
Tuesday, October 6th, 2026

FORVIA AND ANAND GROUP JOIN FORCES TO ACCELERATE SEATING GROWTH IN INDIA

FORVIA, a global leader in mobility technologies and sustainable solutions, and ANAND Group, a leading Indian automotive systems and components manufacturer, have signed a joint venture (JV) agreement to strengthen their presence in India’s rapidly growing automotive market. Combining FORVIA’s global seating expertise with ANAND Group’s strong local footprint, the partnership will create a platform for growth in seat frames and complete seats.

• New joint venture combines FORVIA’s global seating expertise with ANAND Group’s strong local footprint to support long-term growth in the Indian automotive market.
• The new entity will leverage FORVIA’s technologies and local manufacturing footprint to accelerate growth in seat frames and complete seats, supporting FORVIA’s Seating’s ambition to reach approximately 10% market share over the next five years as a first growth milestone.
• The partnership will strengthen access to Indian OEMs while enhancing industrial, supply chain and talent capabilities to support future growth opportunities across the country.

According to the terms of the agreement, the partnership will combine FORVIA’s expertise in seating systems and technology with ANAND Group’s established network of partnerships, customer relationships, and its deep knowledge of the Indian automotive ecosystem. The collaboration will reinforce FORVIA’s access to local automotive manufacturers, including major Indian OEMs, while strengthening capabilities in areas such as supply chain, industrial footprint, and talent development.

The new joint venture, to be named Faurecia Anand Seating India Private Limited, will be controlled by FORVIA and will focus on seat frames and complete seats. FORVIA’s stake in the company will be 50% plus 1 share, with Gabriel India holding 50% less 1 share. Gabriel India is ANAND Group’s flagship company listed on the National Stock Exchange and Bombay Stock Exchange.

Bringing together FORVIA Seating’s technology and manufacturing capabilities with ANAND Group’s local capabilities, the joint venture will provide a strong platform to accelerate FORVIA Seating’s future growth in India. The JV will also have access to FORVIA Seating’s entire portfolio and engineering capabilities.

This new joint venture builds on a longstanding relationship between FORVIA and ANAND, which began in 1991 with a successful partnership in Clean Mobility. ANAND’s deep roots in the Indian automotive industry and proven ability to foster long-term partnerships make it an ideal partner to support FORVIA’s growth ambitions in the country.

A partnership primed for growth

The move is part of FORVIA’s local-for-local approach and long-term growth strategy in India, which has become one of the fastest-growing automotive markets in recent years. As part of its growth strategy in India, FORVIA targets approximately 10% market share in Seating within the next five years, marking a first milestone in its long-term development ambitions.

Speaking at the signing of the Joint Venture, Mr. Jaisal Singh, Vice Chairman of ANAND Group, who spearheads the group’s M&A, said, “This partnership is a natural extension of Gabriel India’s transformation into a broader mobility solutions enterprise. As vehicle systems become more integrated and technology-intensive, the ability to participate across a wider spectrum of the automotive value chain assumes strategic importance. The venture strengthens our portfolio with a globally proven capability, while reinforcing our commitment to building scalable, technology-led businesses that create enduring value.”
Mrs. Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India Limited, said: “At ANAND, we have always believed that long-term relevance is built through thoughtful partnerships, technological excellence, and a deep understanding of customer needs. This venture strengthens our longstanding partnership with FORVIA, building on complementary strengths and a shared commitment to innovation. By bringing together FORVIA’s global expertise and Gabriel India’s strong market presence, it creates a platform that is both strategically significant and future-ready.”

Commenting on the deal, Martin Fischer, Chief Executive Officer of FORVIA, said:
“When we unveiled our IGNITE strategy earlier this year, we highlighted India as a key growth driver for FORVIA. Following the award of our first complete-seat program a few months ago, today’s agreement marks another important milestone in our development in the country. Building on our long-standing relationship with ANAND Group, the joint venture will help accelerate FORVIA Seating’s growth in India”.

According to the terms of today’s agreement, the transaction is expected to close by the end of 2026, subject to customary conditions, including applicable regulatory approvals.

About ANAND Group:
ANAND is a US$2.6 billion-plus global conglomerate and a leading automotive systems and components manufacturer. Comprising 25 operating companies, including 17 joint ventures and four technical collaborations, the Group develops and manufactures advanced mobility products and solutions for India and global markets. With 92 locations across India, Europe and South America and a workforce of more than 24,500 employees, ANAND combines global technologies, engineering excellence and deep market expertise to shape the future of mobility.
www.anandgroupindia.com

About Gabriel India:
Established in 1961, Gabriel India Limited is the flagship company of the ANAND Group and a leading automotive technology and mobility solutions provider. Building on its strong legacy in ride control systems, the company has evolved into a diversified, technology-led enterprise with a portfolio spanning sunroof systems, drivetrain products, NVH and Body-in-White solutions, synchroniser rings, aluminium forgings, automotive fluids and specialty lubricants. Supported by over 80 R&D specialists and three technology centers in India and Europe, Gabriel India is focused on developing innovative, future-ready solutions that address the evolving needs of the global mobility industry.

Press	Analysts
Christophe MALBRANQUE Director Influence Groupe +33 (0) 6 21 96 23 53 christophe.malbranque@forvia.com	Adeline MICKELER Group Vice President Investor Relations +33 (0) 6 61 30 90 90 adeline.mickeler@forvia.com
Audrey ÉPÈCHE Head of Media Relations +33 (0) 6 15 98 79 36 audrey.epeche@forvia.com	Sébastien LEROY Group Deputy Investor Relations Director +33 (0) 6 26 89 33 69 sebastien.leroy@forvia.com

FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 137 500 people, including more than 12,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 12,400 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2025, the Group achieved a consolidated revenue of 26.2 billion euros prior to IFRS 5. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the SBF 120 index. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com

Attachment

• 2026 10 06 FORVIA_ANAND_PR ENG