Markets

TTK Healthcare Pays Penalty After Customs Reclassification of Imported Mechano-therapy Appliances TTK Healthcare Limited paid a sum of Rs. 9,93,320/- to the Customs Department on June 01, 2026, to settle a penalty related to the product classification of its imported medical goods. The payment followed a discrepancy concerning the basic customs duty applicable to mechano-therapy appliances.The matter arose when TTK Healthcare initially imported various products classified under 90191010 [Mechano-therapy Appliances], which carried a basic customs duty of 7.5%. Subsequently, the Customs Department indicated that the appropriate classification should be 90191020 [Massage Apparatus], which carries a basic customs duty of 10%.Following...

Vital Chemtech Reports Financial Results for Q4 FY26 and FY26 Vital Chemtech Limited announced its financial results for the quarter and year ended March 31, 2026. The company's performance highlights included a significant year-on-year improvement in EBITDA for Q4 FY26, while attributing declines in Profit After Tax (PAT) both quarterly and annually to investments in its two subsidiaries.The financial results reveal the following key figures for the periods ending March 31, 2026:Financial Metric (₹ crores)Q4 FY26Q4 FY25YoY change (%)FY26FY25YoY change (%)Revenue from operations35.135.10.2%126.4133.9-5.6%EBITDA4.02.839.7%10.010.6-5.6%EBITDA Margin11.3%8.1%320 bps7.9%7.9%0 bpsProfit after tax0.81.2-28.2%1.04.0-74.1%...

ARSS Infrastructure Projects Unveils Audited Financial Results for March Quarter, Marked by Qualified Audit Opinions ARSS Infrastructure Projects Ltd. has released its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company's financial reports carry Qualified Opinions from the Statutory Auditor, citing non-compliance with accounting standards in several key areas, including revenue recognition, financial asset classification, and related party borrowing treatments.Key Audit Qualifications Identified The Statutory Auditor issued a Qualified Opinion, citing three primary issues concerning the financial statements for the year ended March 31, 2026.1. Non-Compliance with...

Tunwal E-Motors Reports Strong FY26 Results, Revenue Surges 55% to ₹276.84 Crore Mumbai, June 1, 2026: Tunwal E-Motors Limited, a publicly listed electric mobility company primarily focused on electric two-wheelers, announced its audited results for the financial year ended March 31, 2026. The company reported a strong performance, driven by expanding market presence, deepening distribution reach, and the increasing demand for electric mobility solutions across India.For the fiscal year 2025-26, Tunwal E-Motors recorded revenue from operations of ₹276.84 crore. This represents a robust 55% year-on-year growth compared to the ₹178.59 crore reported in the preceding financial year.The company's key financial metrics for the period are...

Signpost India Reports ₹576 Cr Revenue, Achieves 107% Net Profit Growth for FY2025-26 Signpost India Limited announced strong financial results for the fiscal year ended March 31, 2026, marking its most robust annual performance to date. The company saw its revenue grow significantly, while profit growth accelerated even faster, reflecting successful network expansion and optimized asset utilization.During FY2025-26, Signpost India reported a revenue from operations of ₹57,593 lakhs, marking a 27.07% increase year-on-year. Profit growth significantly outpaced revenue, with EBITDA expanding 61.03% to ₹15,153 lakhs. Net profit after tax saw a remarkable increase of 107.09%, reaching ₹7,021 lakhs. Furthermore, the company improved its...

Ambica Agarbathies Clarifies Issue Price for Preferential Allotment of Equity Shares Ambica Agarbathies & Aroma industries Limited announced a correction regarding the details related to its Board Meeting held on May 30, 2026. The clarification addresses a typographical error in the reported issue price for a proposed preferential allotment of equity shares.The company issued the clarification detailing that the issue price of the equity shares was inadvertently mentioned as Rs. 24/- (including a premium of Rs. 14 per share). The corrected figure confirms that the proper issue price is Rs. 25/- (including a premium of Rs. 15 per share).According to the revised disclosure, the allotment concerns the creation, issue, and offer of up...

Dhruv Consultancy Services Secures 15-Year Lease Contract for National Highway Amenities in Maharashtra Dhruv Consultancy Services Limited has secured a significant contract, receiving a Letter of Award (LOA) for the Development, Operation, and Maintenance of Wayside Amenities across various sections of National Highways in Maharashtra. This project solidifies the company's entry into a new business vertical within the infrastructure segment.The company was appointed by the National Highway Logistics Management Limited (NHLML), the authority overseeing the initiative. The LOA pertains to the development, operation, and maintenance of Wayside Amenities on different sections of the National Highway on a lease basis, covering seven rebid...

Black Box Targets $2B Revenue Goal Driven by AI and Global Digital Infrastructure Growth Black Box Limited, a global provider of digital infrastructure solutions, outlined its strategy for achieving ambitious growth targets, aiming for approximately $2B in revenue by FY30. The company emphasized its strong market position in data center infrastructure, managed services, and specialized technology solutions across major global economies, including the USA and India.The company highlighted that its transformation journey has shifted focus entirely from merely meeting operational requirements to driving massive scale and growth. The overall vision positions Black Box as a leader in supporting the next wave of AI-driven infrastructure...

Neetu Yoshi Limited Reports Strong H2 FY26 Performance; Net Profit Rises 58.57% Mumbai - Neetu Yoshi Limited, a prominent manufacturer of customized ferrous metallurgical products, including mild steel, cast iron, and manganese steel, has announced its audited financial results for the second half of fiscal year 2026 (H2 FY26). The company reported significant growth in both total income and net profit during the period.The financial results highlight a robust year-on-year performance, reflecting the company's sustained focus on operational excellence and its position as a key supplier to Indian Railways.Consolidated Financial Highlights The company's performance data provides a clear comparison across the half-year and full-year...

Wardwizard Foods and Beverages Limited Reports 156% Revenue Jump in FY26 Wardwizard Foods and Beverages Limited, an integrated food and beverage platform, reported substantial financial growth in its audited results for the financial year and fourth quarter ending March 31, 2026. The company stated that its Revenue from Operations grew 156.23% year over year to ₹237.73 crore.The Board of Directors of Wardwizard Foods and Beverages Limited, focused on authentic Indian convenience foods across frozen foods, ready-to-eat meals, beverages, sauces, condiments, and spices, approved the audited standalone financial results during its meeting held on May 30, 2026.Audited Financial Results Overview The company’s financial performance is...

Pro CLB Global and K Globes Digital Media Partner for Strategic Investment and Acquisition Pro Clb Global Ltd announced a strategic Memorandum of Understanding (MOU) on June 1, 2026, with K Globes Digital Media Private Limited for a proposed investment and acquisition in the digital media sector.Under the terms of the MOU, Pro Clb Global Limited proposes to acquire an initial equity stake of approximately 85% in K Globes Digital Media Private Limited. Upon completion of the proposed transaction, K Globes Digital Media Private Limited is expected to become a subsidiary of Pro Clb Global Ltd. Furthermore, Pro Clb Global Ltd may increase its shareholding up to 100% in subsequent phases.The agreement outlines a significant investment...

Sayaji Hotels to Terminate Operating Agreement for Rajasthan Property Sayaji Hotels Ltd. has announced the termination of its agreement with Wonder Leopard Retreat Private Limited concerning a hotel property in Rajasthan.The agreement, originally executed on February 8, 2025, involved Sayaji Hotels Limited acting as the operator. The property, located at Building No. 01 Bijapur Road Bhagli, Sumerpur, Pali, Rajasthan 306126, was the subject of the operation, conduction, and management services.The company stated that the agreement is set to stand terminated with effect from May 31, 2026, following a management decision by the Company.Regarding the operational impact, Sayaji Hotels Ltd. confirmed that the termination of the...

KD Green Industries Subsidiary Secures UNNATI 2024 Registration for North Eastern Expansion K D Infrastructures Private Limited (KDIPL), a 99.84% subsidiary of KD Green Industries Limited (formerly Manbro Industries Limited), has been registered under the UNNATI 2024 (Uttar Poorva Transformative Industrialization Scheme, 2024). The registration was granted by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India.The registration formalizes KDIPL's status as a New Unit, enabling the subsidiary to access various incentives under the scheme, including the Capital Investment Incentive (CII), Manufacturing & Services Linked Incentive (MSLI), and Capital Interest...

Anant Raj Limited Executes MoU with Haryana Government for Data Center and Cloud Expansion Anant Raj Limited (ARL) announced on June 1, 2026, that it has entered into a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana. The agreement was executed during the launch of the "Make in Haryana Policy & Other Sectoral Policies," which was chaired by Shri Nayab Singh Saini ji, Hon'ble Chief Minister, Government of Haryana.The MoU establishes a comprehensive framework designed for collaboration and cooperation between Anant Raj Limited and various departments within the Government of Haryana. The primary objective of this partnership is to support the investment and development of...

Ruchira Papers Announces New Leadership Appointments Following Shareholder Vote Ruchira Papers Limited has announced key appointments to its board, confirming the designation change of Sh. Jatinder Singh to Managing Director and the appointment of Smt. Shashi Garg as an Additional Director and Whole-Time Director (Executive Director). These decisions followed resolutions approved by the Company's members via a Postal Ballot, with the voting period concluding on May 30, 2026.The appointments are effective from April 9, 2026, and provide leadership continuity following the demise of the erstwhile Managing Director, Sh. Umesh Chander Garg, on January 23, 2026.Jatinder Singh Appointed Managing Director The Company confirmed the...

Jainik Power Cables Limited Achieves Full Operational Readiness with Key BIS Certifications for Power Cables Jainik Power Cables Limited has announced a significant milestone, confirming that its manufacturing facility is fully operational. The company is now equipped to undertake large-scale production and supply of Aluminium Conductors and Power Cables for utilities, EPC contractors, infrastructure projects, industrial customers, and government organizations across India.In a move that strengthens its commitment to quality and regulatory compliance, Jainik Power Cables Limited has successfully obtained major Bureau of Indian Standards (BIS) certifications required for manufacturing and supplying a comprehensive range of Aluminium...

Gradiente Infotainment Limited Approves Audited Financial Results for March 2026 Gradiente Infotainment Limited announced the outcome of its Board Meeting held on May 30, 2026. The Board approved the Audited Standalone Financial Results of the Company, along with the Audit Report, for the quarter and year ended March 31, 2026.The Board Meeting commenced on May 30, 2026, at 4:00 P.M. and continued until it concluded on Monday, June 1, 2026, at 6:10 P.M. The company's audited standalone financial results for the quarter and year ended March 31, 2026, were also made available in the filing.Quarterly and Annual Financial Highlights The financial results presented showed varying revenue and profit trends across the reporting periods...

Anzen India Energy Yield Trust Reports Strong Growth Amidst India's Energy Transition Anzen India Energy Yield Plus Trust (Anzen InvIT) released its Investor Presentation for the quarter ended March 31, 2026, detailing its operational performance and portfolio structure amidst the broader energy transition in India. The Trust reported significant growth in its Asset Under Management (AUM) and consistent returns, underpinned by its diverse portfolio of solar and transmission assets.The presentation highlighted the Trust's trajectory, noting that AUM has increased by approximately 3 times since its listing. Operational performance metrics demonstrated substantial growth, reporting approximately 2.6 times growth in total income and 2.3...

Harshdeep Hortico Signs Letter of Intent with Ugaoo Agritech for ₹12 Crore Supply Deals Harshdeep Hortico Ltd has entered into a Letter of Intent (LOI) with Ugaoo Agritech Private Limited, a company operating in the gardening and horticulture sector. The LOI outlines the mutual interest of the two parties for the proposed supply of flowers and pots/planters.The arrangement, which covers the Financial Year 2026-27, positions Harshdeep Hortico Ltd to further strengthen its market presence in the horticulture and garden products segment.Under the LOI, Ugaoo Agritech Private Limited intends to place orders for products sourced from Harshdeep Hortico Limited. The indicative aggregate value for the supply during the Financial Year 2026-27...

The Investment Trust Of India Limited Transfers Fund Management Business to Subsidiary The Investment Trust of India Limited (TITL) has approved the transfer of its fund management and advisory business to its wholly-owned subsidiary, ITI Asset Management Limited (ITI AMC). This transaction aims to consolidate and streamline the Group’s asset and fund management activities.The board decision involves the transfer of key businesses related to two specific funds: the ITI Long Short Fund, which is a SEBI-registered Category III Alternative Investment Fund, and the ITI Long Short Equity Offshore Fund (IFSC).ITI AMC will assume responsibility for the investment management, advisory, and related fund management functions for both the ITI...