Markets

Tata Motors Records 17% Year-Over-Year Growth with 32,850 Commercial Vehicle Units Sold in May 2026 Tata Motors Limited announced its monthly sales performance for May 2026, reporting a 17% year-over-year growth. Total sales for both domestic and international markets reached 32,850 units, an increase compared to the 28,147 units recorded in May 2025.The company's sales across various commercial vehicle categories demonstrated robust growth, driven particularly by the SCV cargo and pickup segment.May 2026 Sales Breakdown The sales performance for May 2026 compared to May 2025 is detailed below:CategoryMay 2026 UnitsMay 2025 UnitsGrowth (Y-o-Y)HCV Trucks7,8777,10611%ILMCV Trucks5,3314,9548%Passenger Carriers5,7574,74821%...

Thomas Cook India and Eurobank Strengthen India-Europe Corridor for Corporate Growth Thomas Cook (India) Limited (TCIL) has expanded its strategic footprint across the India-Europe corridor by strengthening its collaboration with Eurobank. This partnership aims to provide seamless access to travel services, cross-border transactions, and investments for Indian enterprises operating or planning operations within the European Union (EU).TCIL, India's leading omnichannel travel services company, is advancing its international engagement through its Cyprus subsidiary, Travel Circle International (Cyprus) Limited (TCI Euro). Following its announcement of entry into the European Union in 2025, TCI Euro established its first office in Cyprus...

Geekay Wires Limited Names New Statutory Auditor and Approves Shareholder Voting Timeline Geekay Wires Limited, an ISO 9001 : 2015 certified manufacturer of Galvanized Steel Wire, Wire Products, Collated Nails, and Stainless Steel Nuts & Bolts, announced key corporate governance outcomes following its Board of Directors meeting held on June 01, 2026.The board meeting addressed significant changes in the company's statutory audit representation. The board considered and noted the resignation of M/s M. M. palod & co, chartered Accountants (Firm Registration No 0060275), who served as the Statutory Auditor. In response to this vacancy, the board approved the appointment of M/s L B Reddy & co, chartered Accountants (Firm Registration No...

Innovative Tyres & Tubes Limited Announces Change in Management Following Demise of Mr. Kundankumar Mishra Innovative Tyres & Tubes Limited announced the sad demise of Mr. Kundankumar Mishra, effective May 31, 2026. The company confirmed that Mr. Mishra was unable to attend a board meeting scheduled for May 30, 2026, due to his critical medical condition.To ensure the continuity of the Company's operations and the smooth discharge of its responsibilities, the Board and Management utilized the meeting to appoint Mr. Kamlesh Joshi. Mr. Joshi has taken over the responsibilities with immediate effect.The Company acknowledged Mr. Mishra's valuable contributions during his association with the firm. The management confirmed the...

Siti Networks Limited Discloses Significant Default on Loan Payments Siti Networks Limited has disclosed details regarding a default on its loan payments from several financial institutions. The company reported that the default was effected on April 30, 2026, and continues beyond 30 days.The disclosure covers the nature of the obligation, defined as term loan installments, and names several lenders involved in the outstanding debt. Creditors associated with the default include ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, Vani Agencies Pvt. Ltd. (VAPL)*, and ICNCL.Loan Obligations and Default Amounts The total outstanding principal amount across the listed obligations is INR 1,206.03 crore. The total amount claimed by the...

Unihealth Hospitals Reports Stellar FY26 Growth with 35% Revenue Increase and 68% Profit Jump Unihealth Hospitals Limited, a rapidly expanding healthcare platform operating across India and East Africa, announced its audited financial results for H2 FY26 and FY26. The company reported robust growth, driven by increased patient volumes, rising demand for specialized healthcare services, operational efficiencies, and strategic capacity additions, reinforcing its position in the healthcare sector.The company's business model combines hospital operations with healthcare consultancy, medical value travel, pharmaceutical exports, and healthcare infrastructure development, allowing it to capture multiple opportunities across the healthcare...

Dr. Agarwal's Eye Hospital and Dr. Agarwal's Health Care to Merge in Amalgamation Scheme Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL) are undergoing a proposed amalgamation designed to consolidate their businesses and create a unified, larger entity. The merger, which aims to streamline operations and generate significant efficiencies, is subject to the approval of their respective shareholders and creditors.The process is proceeding following an Order issued by the National Company Law Tribunal (NCLT), Chennai Bench, which directed the convening of separate meetings for the Equity Shareholders, Secured Creditors, and Unsecured Creditors of both entities.Key Transaction Details The core of...

Raasi Refractories Ltd Approves 2026 Financial Results and Appoints Kavitha Doddi as Additional Director Raasi Refractories Limited announced key corporate updates, confirming the approval of its audited financial results and the appointment of Ms. Kavitha Doddi as an Additional Director. The Board of Directors meeting was held on May 30, 2026, where the company reviewed its performance for the quarter and the full year ended March 31, 2026.The company also confirmed that the Statutory Auditors, M/s Narasimha Rao & Associates, Chartered Accountants, have issued an Audit Report providing an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026.Key Board Decisions and Director Appointment At...

Archies Limited and Quadrant Televentures Limited Report Audited Financial Results for the Year Ended March 31, 2026 Archies Limited and Quadrant Televentures Limited have released their audited financial results for the quarter and financial year ended March 31, 2026. The financial statements provide comparative data across multiple reporting periods, detailing key metrics such as total income from operations, net profit, and comprehensive income for both entities.Archies Limited Financial Results The financial performance figures for Archies Limited, for the Quarter and Financial Year ended March 31, 2026, are presented in the table below. Total income from operations for the period stood at 5,124.31. The Net Profit/ (Loss) for the...

Savita Oil Technologies Ltd Appoints Ajay Reche as Additional Director; Sets Date for 65th Annual General Meeting Savita Oil Technologies Ltd announced key corporate developments following its Board of Directors meeting held on June 1, 2026. The board approved the appointment of Mr. Ajay Reche as an Additional Director, categorized as a Whole-time Director.The appointment is effective from June 1, 2026, and is set to continue up to September 30, 2030. The appointment is contingent upon the approval of the Company's shareholders at the upcoming Annual General Meeting.In addition to the director appointment, the board also confirmed the schedule for the Company's 65th Annual General Meeting (AGM). The AGM is slated to take place on...

WEP Solutions Ltd Appoints Dr. Gaurav Nigam as Chief Operating Officer WEP Solutions Ltd has announced the appointment of Dr. Gaurav Nigam as its Chief Operating Officer (COO), effective June 1, 2026. The appointment adds Dr. Nigam to the company’s senior management personnel.Dr. Gaurav Nigam brings over 25 years of experience to the role, specializing in critical technology areas including Cloud, IT Infrastructure Management, DevOps, and Site Reliability Engineering (SRE). His professional background highlights strong expertise in large-scale IT service delivery and AI-driven automation.Throughout his career, Dr. Nigam has led global teams comprising over 500 professionals. He has also managed a Profit and Loss (P&L) exceeding USD...

Setco Automotive Announces Delay in Submission of FY2026 Financial Results Setco Automotive Ltd has reported a delay in the submission of its Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.The company stated that the delay was necessitated by the additional time required for the thorough finalization and review of the financial statements. These procedures included the completion of comprehensive audit and limited review procedures, along with the incorporation of certain financial adjustments. The adjustments are necessary to ensure absolute accuracy and adherence to applicable accounting standards.Setco Automotive Ltd confirmed that it has taken all necessary steps to complete the...

Travels & Rentals Ltd Reports Delay in Filing Financial Results for FY 2026 Travels & Rentals Ltd, previously known as Travels & Rentals Private Limited, has reported an unavoidable delay in finalizing and submitting its financial results for the financial year ended March 31, 2026. The company stated that the preparation and audit of the results are still ongoing, necessitating a postponement of key corporate proceedings.Due to the complexity of finalizing the financial reporting, the Board meeting scheduled to approve the 'Financial Results for the financial year ended March 31, 2026,' has been postponed until further notice.In addition to the delay in filing the results, the company announced an operational directive concerning...

Acquirers Launch Open Offer for Shantai Industries Limited Shares Five private entities, including Radhe Dhokla Private Limited, are undertaking an Open Offer for the public equity shares of Shantai Industries Limited. The offer is set to acquire up to 19,20,000 fully paid-up Equity Shares, representing 25.60% of the company's voting share capital.The Acquirers are Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai.The acquisition is structured as follows:DetailFigure/DescriptionTarget CompanyShantai Industries LimitedTotal Shares Offered19,20,000 Equity SharesFace Value per Share₹ 2/- (Rupees Two only)Offer Price per Share₹...

Atul Auto Ltd Reports May 2026 Sales Update for Three Wheeler Vehicles Atul Auto Ltd released its sales performance figures for the three-wheeler vehicles segment for May 2026, detailing both domestic and combined domestic plus export sales.The sales data highlights the performance of the IC Engine segment versus the Electric Vehicle (EV) segment across different reporting periods.Domestic Sales Performance For the domestic market, the sales figures indicate significant growth for both the IC Engine and total three-wheeler categories.ParticularsFor the MonthFor the MonthChange (%)YTD (FY 26-27)YTD (FY 25-26)Change (%)3W - IC Engine2,3511,79331.12%4,1422,69553.69%EV496564-12.06%1,1831,0898.63%...

Dr. Agarwal's Eye Hospital to Amalgamate into Dr. Agarwal's Health Care Limited Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL) are proceeding with a Scheme of Amalgamation, where AEHL will merge into AHCL. The arrangement aims to create a stronger, unified entity capable of generating significant operational and financial synergies.The meeting of the Secured Creditors of AEHL has been scheduled to consider and, if deemed appropriate, approve the amalgamation scheme. This meeting is slated for Thursday, July 02, 2026, at 10:30 A.M. IST, at The Music Academy, T.T.K. Road, Chennai - 600 014.Amalgamation Scheme Details The Scheme proposes the amalgamation of AEHL (the Transferor Company) with AHCL...

Signpost India Announces FY2026 Results, Recommends 25% Dividend; Appoints New Chief Business Officer Signpost India Ltd announced the outcomes of its Board of Directors meeting held on May 30, 2026. The Board approved the final dividend recommendation for the financial year ended March 31, 2026, and also announced the appointment of a new senior management personnel.The Board recommended a final dividend of 25% for the financial year ending March 31, 2026. This dividend is equivalent to Rs. 0.50 per equity share of Rs. 2 each, and its payment is subject to the approval of the shareholders at the Annual General Meeting.Key Appointments and Management Updates The Board of Directors also formalized the appointment of Mr. Syed Haseeb...

Bank of Maharashtra Declares Final Dividend of Rs. 1.20 Per Share for FY 2025-26 Bank of Maharashtra announced the declaration of a final dividend for the financial year 2025-26. The Bank's Board of Directors, in a meeting held on April 20, 2026, considered a final dividend of 12% on the Bank’s equity shares.The final dividend amount stands at Rs. 1.20 per share, corresponding to a face value of Rs. 10 per share. This dividend is intended for the Financial Year 2025-26 and, if approved by shareholders at the Annual General Meeting (AGM), will be paid in addition to the previously declared interim dividend.The total dividend structure incorporates the interim dividend of Rs. 1.00 per equity share (10%), which was declared on January...

Tapi Fruit Processing Limited Executes Term Loan Agreement with Indian Bank Tapi Fruit Processing Limited announced the execution of a term loan agreement with Indian Bank, finalizing a financing facility under the 'IND ECLGS 5.0' scheme. The agreement was formalized on June 1, 2026.The facility provides Tapi Fruit Processing Limited with a total loan size of 59.86 Lakh. The terms established under the agreement include an annual rate of interest set at 8.70%, with a tenure of 48 Months following a 12 Month moratorium period.The loan is structured between Tapi Fruit Processing Limited, which acts as the Borrower, and Indian Bank, the Lender.Loan Details and Security The financing arrangement is secured by multiple assets...

Karnimata Cold Storage Approves FY 2026 Results and Appoints Statutory Auditors Karnimata Cold Storage Limited announced that its Board of Directors considered and approved the audited financial results for the Financial Year and Half Year ended March 31, 2026. Additionally, the Board approved the appointment of professional auditors for the fiscal year 2026-27.The Board Meeting, held on May 28, 2026, took place at the company's registered office. During the meeting, directors approved the audited financial results for the period ending March 31, 2026, and confirmed that the audit report provided an unmodified opinion for the financial year ended March 31, 2026.Regarding governance, the Board also approved the following professional...