Markets

Cyient Limited to Acquire 100% Stake in Global Digital Engineering Firm Tao Digital Solutions Cyient Limited has entered into a definitive agreement to acquire a 100% stake in Tao Digital Solutions Inc., a global digital engineering firm incorporated in the USA. The transaction marks a significant expansion for Cyient in the data, product, and AI-led services sector.Tao Digital Solutions Inc. is described as a global digital engineering firm with core strengths in data platforms, AI-enabled solutions, and cloud services. The company operates across North America, India, Europe, and Asia, serving key sectors including Automotive, Hi-Tech, and HealthTech.The acquisition is set to bolster Cyient's Intelligent Engineering proposition by...

Agro Phos India Limited Withdraws Proposed Acquisition of Bharat Phosphates Business Agro Phos India Limited has discontinued its proposed acquisition transaction involving Bharat Phosphates & Chemicals Private Limited. The withdrawal follows the company receiving confirmation that the target entity is unable or unwilling to proceed with the arrangement.The Board of Directors of Agro Phos India Limited approved the withdrawal of the proposed acquisition during a meeting held on May 29, 2026.The original acquisition was set to involve the acquisition of a business undertaking and equity participation in Bharat Phosphates & Chemicals Private Limited, an acquisition that had been initially approved by the Board on July 16, 2025.The...

Jindal Poly Investment and Finance Company Limited Approves FY2026 Financial Results; Reappoints Internal Auditors Jindal Poly Investment and Finance Company Limited confirmed key operational and financial approvals following its Board meeting held on May 30, 2026. The company approved the audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026, and noted the receipt of an unmodified audit opinion regarding these results.The Board meeting also confirmed the re-appointment of M/s V ASK & ASSOCIATES as the Internal Auditors of the Company for the financial year 2026-27.Audit Findings and Financial Oversight The statutory auditors, M/s Suresh Kumar Mittal & Co., Chartered Accountants, issued an...

K.S. Oils Limited Announces Audited Financial Results for Year Ended March 31, 2026 K.S. Oils Limited, which is acquired by Soy-Sar Edible Private Limited, announced the approval of its audited standalone financial results for the quarter and financial year ended March 31, 2026. The Board of Directors of K.S. Oils Limited approved the results during a meeting held on May 30, 2026.The audited standalone financial results include the Statement of Profit & Loss, Statement of Assets & Liabilities, and Statement of Cash Flow, for the period ending March 31, 2026. The results were audited by M/s NJG & Co., Chartered Accountants, and reviewed by the Audit Committee.Operational Review and Auditor's Insights In their report, the Statutory...

Parin Enterprises Secures Contract for Furniture Supply to Adani - Mundra Staff Accommodation Parin Enterprises Limited, formerly known as Parin Furniture Limited, has secured a new contract from PSP Projects Limited. The agreement involves the supply of furniture items to the Adani - Mundra Staff Accommodation.The total order value for the furniture supply contract has been reported as Rs. 3.13 Crores (Rupees Three Crores Thirteen Lakhs Only).The company received intimation regarding the contract on May 29, 2026, at approximately 6:08 P.M IST. The formal notice concerning the contract was dated May 30, 2026.PARIN Stock Price Movement On Friday, shares of Parin Enterprises Limited edged higher, finishing the session at ₹685.35...

IFGL Refractories Limited Announces FY 2026 Results and Recommends Final Dividend IFGL Refractories Limited and its holding company, The Holding Company, reported their financial results for the quarter and year ended March 31, 2026, following the Board meeting held on May 30, 2026. The Board recommended a final dividend for the fiscal year 2025-26, subject to shareholder approval.Financial Highlights for FY 2026 The Board of Directors of the Company approved and took on record the audited financial results for the quarter/year ended March 31, 2026, both on standalone and consolidated bases.Standalone Financial Results (IFGL Refractories Limited) For the year ended March 31, 2026, IFGL Refractories Limited reported a Profit/(Loss)...

Vasa Retail and Overseas Ltd Announces Results with Qualified Opinion Amid Impairment and Going Concern Concerns Vasa Retail and Overseas Limited (VASA) announced the approval of its audited financial results for the half year and year ended March 31, 2026. However, the company’s statutory auditors issued a Qualified Opinion regarding the standalone annual financial results for the year ended March 31, 2026.The Board of Directors of Vasa Retail and Overseas Limited held its meeting on May 30, 2026, and approved the audited financial results. According to the auditor's report, the qualification stems primarily from the expiry of the exclusive license agreement between Oxford Limited and the company. This expiry was due to the permanent...

Ceinsys Subsidiary Receives Purchase Order for Beta Development of Hybrid Power Transfer Case Ceinsys Tech Limited has announced that its wholly owned subsidiary, Technology Associates Inc., located in the United States, has secured a significant Purchase Order. The contract, awarded by Emotiv Mobility, LLC of the USA, pertains to the Beta development of a Hybrid Power Transfer Case (HPTC).The total value of the Purchase Order stands at Rs 4,07,12,250.00 (Rupees Four Crore Seven Lakh Twelve Thousand Two Hundred Fifty Only), which is equivalent to US $ 4,28,550.The contract details indicate that the development work for the HPTC is expected to be executed within a period of four months.Purchase Order Details The transaction details...

Srivari Spices And Foods Limited Announces FY2026 Results; Board Recommends Final Dividend Srivari Spices And Foods Limited announced the approval of its audited Standalone and Consolidated Financial Results for the year ended March 31, 2026, following its Board of Directors meeting on May 30, 2026. The company also recommended a final dividend to its shareholders.The Board meeting approved the release of the full financial results, accompanied by the independent auditors' report for the year ended March 31, 2026.Financial Performance Highlights The company's consolidated financial performance showed a total income of 11,388.10 lakhs for the year ended March 31, 2026, up from 9,625.28 lakhs in the same period last year.For the...

Anlon Healthcare Posts Strong Growth with 42.98% Consolidated Revenue Increase for FY26 Anlon Healthcare Limited, a leading manufacturer of high-purity pharmaceutical intermediates and active pharmaceutical ingredients (APIs), announced its Audited Financial Results (Standalone and Consolidated) for the quarter and full year ended March 31, 2026. The company reported significant growth in revenue, profitability, and margins, driven by robust research and development execution and strategic capacity expansion.Financial Performance Overview The financial results indicate strong year-over-year growth across key metrics, both in consolidated and standalone reports.The consolidated figures highlight the following performance data...

Prozone Realty Releases Audited Financial Results for the Year Ended March 31, 2026 Prozone Realty Limited has announced its audited financial results for the quarter and the full year ended March 31, 2026. The Board of Directors approved the audited Standalone and Consolidated financial results during a meeting held on May 29, 2026. The Company has issued an unmodified opinion on the audited standalone financial results for the year ended March 31, 2026, and the consolidated financial results for the same period.Financial Performance Overview The audited financial statements provide a clear view of the Group's performance across the fiscal years 2026 and 2025.The table below summarizes the consolidated financial performance...

Shanthala FMCG Products Announces Delay in Submission of FY2026 Audited Financial Results Shanthala FMCG Products Limited announced a delay in submitting its Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2026. The company indicated that the finalization of the accounts and subsequent audit process required further input, leading to the postponed submission of the results.The delay was attributed to the Statutory Auditors requiring clarification from the company's Management and CFO. Consequently, the preparation of the accounts and the detailed audit review are still ongoing. Shanthala FMCG Products Limited stated that the auditors are currently in the process of conducting a detailed...

Patanjali Foods Reports Rs. 40,169.58 Crore Revenue in FY26; FMCG and Edible Oil Lead Growth Patanjali Foods Limited announced its audited financial results for the Quarter and Financial Year ended March 31, 2026, reporting robust growth across its key segments and reaching a historical revenue milestone of Rs. 40,169.58 crores in FY26. The company also declared its second interim dividend for FY 25-26.The strong performance was attributed to sustained domestic consumption trends, which remained resilient in the March quarter, supported by the easing of inflationary pressures and continued recovery following the GST transition.Segment Performance Highlights The company's revenue generation was led by the Edible Oils and FMCG...

Cedaar Textile Limited Approves FY 2026 Results Amid Audit Disclaimer on Financial Records Cedaar Textile Limited, a textile manufacturing company, announced that its Board of Directors approved the Audited Financial Results for the half year and full financial year ended March 31, 2026. However, the company's statutory auditors, M/s. H B Kalaria & Associates, issued an Audit Report with a significant disclaimer of opinion regarding the financial results.The company held its Board of Directors meeting on May 30, 2026, during which the audited financial results were considered and approved. The statutory auditors’ report highlighted multiple areas where they were unable to obtain sufficient appropriate audit evidence to provide a basis...

Jiwanram Sheoduttrai Industries Approves Half-Year and Full-Year Financial Results; Independent Director Resigns Jiwanram Sheoduttrai Industries Limited, the erstwhile Jiwanram Sheoduttrai Industries Pvt. Ltd., announced the outcome of its Board of Directors meeting held on May 30, 2026. The Board approved the audited standalone financial results for the half year and the full financial year ended March 31, 2026.During the meeting, the company confirmed several material corporate updates. The company stated that it has not defaulted on loans and debt securities during the financial year ended March 31, 2026. Furthermore, Jiwanram Sheoduttrai Industries Limited confirmed that the proceeds from the Initial Public Offer (IPO), which...

DEE Development Engineers Limited Secures Contract Worth INR 386.86 Crores from Bharat Petroleum Corporation Ltd DEE Development Engineers Limited, along with its material subsidiary, has secured a significant contract from Bharat Petroleum Corporation Ltd. The contract, valued at an aggregate of INR 386.86 Crores (including GST), relates to the manufacturing and supply of piping.The awarded order is a Purchase Order for piping, initiated by the domestic entity, Bharat Petroleum Corporation Ltd. The agreement specifies a delivery deadline, with the goods required by 18 February 2028.The contract falls under the category of domestic business and was determined not to involve related party transactions or any promoter group interest...

DRS Cargo Movers Limited Unveils Audited Financial Results for March 31, 2026 DRS Cargo Movers Limited, formerly known as DRS. Cargo Movers Limited, announced the release of its audited financial results for the half year and year to date, covering the period ending March 31, 2026. The financial results were reviewed and approved by the Board of Directors during the meeting held on May 30, 2026.The company provided detailed financial statements, including the audited financial results, Statement of Assets and Liabilities, and Cash Flow Statement, for the period.Financial Highlights (All Amounts in Rs Lakhs unless otherwise stated) The financial performance across key metrics for the year ended March 31, 2026, compared to the...

Bank of India Announces Changes in MCLR and Fixed Rate Spread Effective June 1, 2026 Bank of India announced changes to its Marginal Cost of Fund based Lending Rate (MCLR) and Fixed Rate Spread (FRS), which will be applicable starting June 1, 2026. The bank confirmed that the Repo Based Lending Rate (RBLR) will remain unchanged from this date.The MCLR and FRS revisions affect various lending products, with the revised rates structured across different tenors.Updated MCLR Rates Bank of India provided the MCLR rates applicable prior to June 1, 2026, along with the revised rates effective from June 1, 2026.The MCLR rate effective from May 1, 2026, was:Rate effective fromOvernight MCLR1 Month MCLR3 Month MCLR6 Month MCLR1 Year...

Deepak Builders & Engineers Approves FY 2026 Financial Results and Appoints Cost Auditor Deepak Builders & Engineers India Limited (DBEIL) announced the outcomes of its Board of Directors meeting held on May 30, 2026. The board approved the company's audited standalone financial results for the quarter and year ended March 31, 2026, and also constituted a committee to enhance governance structures.The board meeting saw key decisions regarding governance, financial reporting, and auditing. The company approved the appointment of M/s Gurvinder Chopra and CO., Cost Accountants, as the Cost Auditors for the company. This appointment followed the recommendation of the Audit Committee.Furthermore, the board adopted and approved the policy...

Pratham EPC Projects Reports Consolidated and Standalone Financial Results for FY 2026 Pratham EPC Projects Limited has announced the financial results for the half year and the full year ended March 31, 2026, following the Board of Directors meeting held on May 30, 2026. The company released audited financial statements covering both consolidated and standalone results.Consolidated Financial Highlights The company's consolidated statement of results provides a comparison of financials for the year ended March 31, 2026 (Audited), the half year ended September 30, 2025 (Unaudited), and the year ended March 31, 2025 (Audited).Particulars31.03.2026 (Audited)Half Year Ended 30.09.2025 (Unaudited)31.03.2025 (Audited)Total...