Markets

Mahindra & Mahindra and Manulife Incorporate Joint Venture for Life Insurance Business Mahindra & Mahindra Limited has announced the successful incorporation of its joint venture partner, Mahindra Manulife Insurance Limited (MMIL). This move establishes a new entity dedicated to providing life insurance solutions in the Indian market.The incorporation of MMIL, which has received its Certificate of Incorporation from the Ministry of Corporate Affairs on May 29, 2026, marks a key step in the strategic partnership between Mahindra & Mahindra Limited and Manulife Holdings (Bermuda) Limited.The venture is structured as a 50:50 Joint Venture. The business of MMIL will focus on the life insurance sector, offering a range of services...

A B N Intercorp Limited Board Approves Audited Financial Results for 2026 A B N Intercorp Limited announced that its Board of Directors held a meeting on Saturday, May 30, 2026. During the meeting, the Board transacted the approval of the company's audited financial results, along with the accompanying audit report.The audited financial results approved by the Board covered two key periods: the half year ended on March 31, 2026, and the year ended on March 31, 2026.The approved financial periods and corresponding reports are summarized below:Financial ResultPeriod EndedHalf Year Audited Financial ResultMarch 31, 2026Year Audited Financial ResultMarch 31, 2026The company's activities confirm the formal approval of its...

Kandarp Digi Smart BPO Approves FY 2026 Standalone Financial Results Kandarp Digi Smart BPO Limited, formerly Kandarp Management Services Pvt. Ltd., announced the approval of its audited standalone financial results for the fiscal year ending March 31, 2026. The company conducted its first Board Meeting for the financial year 2026-27 on May 30, 2026, where the Board of Directors approved the audited standalone financial results for both the half year and the full year ending on that date.The company’s Head Office is located at Plot No. - 69 & 70, Block-C, Sector-2, Noida - 201301 (U.P.).Annual Financial Performance The standalone financial results for the year ending March 31, 2026, showed significant income generation. The company...

ARC Insulation & Insulators Limited Approves Audited Financial Results for March 31, 2026 ARC Insulation & Insulators Limited announced that its Board of Directors approved the Audited Standalone Financial Results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The company’s statutory auditors, Jay Gupta & Associates, issued audit reports providing an unmodified opinion on the standalone financial statements for the half year and year ended March 31, 2026.Audited Standalone Financial Results The standalone financial results for the half year ended March 31, 2026, and the year to date results for the period from April 1, 2025, to March 31, 2026, were reported.The key financial figures, presented...

Shah Alloys Limited Appoints Internal Auditor for Financial Year 2026-27 Shah Alloys Limited announced the appointment of M/s. G M C A & Co., Chartered Accountants, as the company's Internal Auditor for the Financial Year 2026-27. The Board of Directors approved this appointment following the recommendation of the Audit Committee.The decision to appoint M/s. G M C A & Co., which operates under Firm Registration No.: 109850W, solidifies the company's internal audit structure for the specified period.The firm, which is based in Ahmedabad, brings extensive working experience to the role. According to the details provided, M/s. G M C A & Co. possesses expertise in Internal Audit and Internal Financial Control Reviews, alongside...

Prakash Pipes Announces FY2026 Results, Recommends 34% Total Dividend Prakash Pipes Limited announced its financial results for the quarter and the year ended March 31, 2026. The company’s Board of Directors approved the audited financial results and recommended a final dividend, while also formalizing the re-appointment of its Cost Auditors.The Board meeting, held on May 30, 2026, included the approval of the audited financial results, the auditor's report, and the audited statements of assets and liabilities and cash flow as of March 31, 2026. The company confirmed that the report of the auditors carries an unmodified opinion regarding the audited financial results.Dividend Recommendation and Financial Highlights The Board...

Rachana Infrastructure Limited Announces Audited Financial Results, Key Auditor Appointments, and Personnel Changes Rachana Infrastructure Limited confirmed several material corporate developments following its Board meeting on May 30, 2026. The Board approved the annual audited standalone financial results for the half year and the full year ended March 31, 2026.The company also formalized key appointments for the current financial period and noted the resignation of its Company Secretary and Compliance Officer.Financial Results and Audit Findings The company submitted the audited standalone financial results for the half year and full year ended March 31, 2026. The statutory auditors issued an audit report giving an...

ARC Insulation Reports on Operational Recovery, Secures New Domestic and Export Orders ARC Insulation & Insulators Limited has reported on the challenges impacting its recent financial performance, highlighting the company's corrective actions and new opportunities in its order pipeline.The company noted that its financial performance and resulting decline in profit were affected by heavy rainfall, the geopolitical situation, the middle east conflict, and a slowdown in civil and construction activities.Management stated that appropriate corrective measures have been taken to address these industry challenges. The company confirmed that it has already secured several new domestic orders, which are expected to contribute positively to...

Kanani Industries Limited Releases Audited Financial Results for the Year Ended March 31, 2026 Kanani Industries Limited has released its audited financial results, providing detailed standalone and consolidated financial statements for the year ended March 31, 2026. The financial report includes key metrics across the balance sheet, cash flow statement, and statements of profit and loss.Financial Performance Summary The company provided statements of standalone and consolidated audited financial results, detailing performance for the quarter and the year ended March 31, 2026.Standalone Financial Results (Rs. In Lakhs)The standalone statement shows Total Revenue from Operations for the year ended March 31, 2026, at 1,020.46. Total...

Advait Energy Transitions Reports Audited Financial Results for Fiscal Year Ended March 31, 2026 Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, has announced its audited financial results for the quarter and year ended March 31, 2026. The comprehensive results provide insight into the company's performance across its Power Transmission Solution (PTS) and New & Renewable Energy (NRE) segments.The company’s operational scope includes Power Transmission Solution (PTS) and New & Renewable Energy (NRE).Consolidated Financial Performance The consolidated financial statements show a significant increase in revenue and profitability year over year.The total income for the quarter ended March 31, 2026...

Jeyyam Global Foods Unveils Audited Financial Results for Half Year and Year Ended March 31, 2026 Jeyyam Global Foods Limited has reported its audited financial results for the half year and year ended March 31, 2026. The company's Board of Directors formally approved these results during a meeting held on May 30, 2026.The financial reporting period covers the half year and the full fiscal year ended March 31, 2026. The audited financial results include the Statement of Assets and Liabilities and the Cash Flow Statement.Financial Performance Highlights The company reported significant figures for the fiscal year ended March 31, 2026.According to the financial results, the total income for the year ended March 31, 2026, stood at...

Ahimsa Industries Ltd Approves FY 2026 Financial Results Amid Strategic Shift to Pharmaceutical Sector Ahimsa Industries Limited announced the approval of its audited financial results for the half year and the full financial year ended March 31, 2026. The company confirmed that its Board of Directors held a meeting on May 30, 2026, approving the results along with the auditor's report. The statutory auditors, M/s A N Shah & Associates, Chartered Accountants, issued an Audit Report with an unmodified opinion on the annual audited financial results for the year ended March 31, 2026.The company confirmed its listing status on the SME Exchange platform and noted that it does not fall under the category of 'Large Corporates'. Directors...

Vital Chemtech Limited Board Approves FY 2026 Results; Appoints Cost Auditor Vital Chemtech Limited announced key approvals and the submission of its audited financial results following the Board of Directors meeting held on May 29, 2026. The Board considered and approved the audited standalone and consolidated financial results for the quarter and year ended on March 31, 2026, along with the respective audit reports.During the meeting, the Board also formally appointed M/s R J & Associates, Cost Accountants, as the Cost Auditor for the Financial Year 2026-27. The appointment is scheduled to conduct the Cost Audit of the Company for the Financial Year ending March 31, 2027.ParticularsDetailsName of the Cost AuditorM/s R J &...

Punjab National Bank MCLR and Key Lending Rates Remain Unchanged as of June 1, 2026 Punjab National Bank announced the status of its Marginal Cost of Funds Based Lending Rate (MCLR) and other key lending rates, confirming that no changes are effective from June 1, 2026.The bank provided details regarding the MCLR structure, noting that all existing rates will continue to apply.MCLR Rates Unchanged The MCLR rates, effective from June 1, 2026, mirror the rates reported as of May 1, 2026. The key rates are detailed below:MCLR TenorExisting w.e.f. 01.05.2026With effect from 01.06.2026Overnight7.95%7.95%One Month8.20%8.20%Three Month8.40%8.40%Six Month8.60%8.60%One Year8.75%8.75%Three years-9.05%Base Rate and...

Wendt (India) Limited Announces Retirement of Senior Management Personnel Wendt (India) Limited confirmed the retirement of Mr. Raghunatha Naidu B P, the Head- Machines & Components business, from the company's senior management team. The superannuation was effective from the close of business hours on May 30, 2026.Mr. Raghunatha Naidu B P served the company for a tenure spanning 22 years. The company reported the change in senior management personnel details following the retirement.WENDT Stock Price Movement Wendt (India) Limited shares slipped by 1.10% on Friday, settling at ₹6,878. The stock traded on a volume of 2,990 shares, marking a dip for the capital goods maker.

Airan Limited Reports Quarterly and Annual Financial Results for March 31, 2026 Airan Limited announced the approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board meeting held on May 30, 2026. The financial statements provide an overview of the company's performance and financial position across both standalone and group levels.Financial Performance Highlights The company released detailed financial statements covering the period ending March 31, 2026, alongside audited data for the previous fiscal year.Standalone Financial Results The Standalone Statement of Financial Results shows that Total Income reached 2,484.89 Lakh for the quarter ended March 31...

Sigachi Industries Approves FY 2026 Results and Recommends Final Dividend Sigachi Industries Limited announced the outcomes of its Board meeting held on May 30, 2026. The Board approved the standalone and consolidated financial results for the quarter and the full financial year ended March 31, 2026. Management also recommended a Final Dividend of Re. 0.10 per share, subject to approval by the members at the ensuing Annual General Meeting.The Board also formalized appointments for the fiscal year 2026-27, designating M/s. MPR & Associates, Cost Accountants, as the Cost Auditors, and M/s. PSRV & Co. LLP, Chartered Accountants, as the Internal Auditors of the Company.Financial Highlights The company presented its audited financial...

Hisar Metal Industries Appoints Two Independent Directors, Registers Two Resignations Hisar Metal Industries Limited announced significant changes to its board composition, detailing the appointment of two new Non-Executive Independent Directors and the acceptance of resignations from two existing directors. The Board of Directors held a meeting on May 30, 2026, and formalized these changes.The Company appointed Mr. Manish Jain and Mr. Shreyaskar Chaudhary as Additional Directors, designated as Non-Executive Independent Directors. Both appointments are effective from May 30, 2026, and are set for a term of five consecutive years, running until May 29, 2031, pending approval by the shareholders.Mr. Manish Jain, DIN: 00300805, is an...

Cash Ur Drive Marketing Secures 10-Year Letter of Award for EV Charging Stations Cash Ur Drive Marketing Limited has received a Letter of Award (LoA) for the establishment, operation, and maintenance of Electric Vehicle (EV) Charging Stations. The contract mandates a comprehensive period of 10 years for the project.This award represents a notable strategic step for the company, marking its diversification into the EV infrastructure sector. The achievement is expected to strengthen the company's standing within the sustainable mobility ecosystem and open new channels for recurring revenue over the contract tenure.The project details confirm that the initiative involves the establishment and operation of EV Charging Stations by a...

Valiant Laboratories Limited Receives GST Order from Navi Mumbai Commissionerate Valiant Laboratories Limited has reported receiving an order dated May 29, 2026, from the Office of the Joint Commissioner, CGST & C. Ex., Navi Mumbai Commissionerate. This communication pertains to the company’s tax obligations under the GST Act, 2017.The order clarifies a GST demand amounting to Rs. 18 Lakhs. This demand relates to a Corporate Guarantee, along with an additional penalty of Rs. 18 Lakhs and applicable interest under Section 50(1) of the CGST Act, 2017 and the relevant sections of the SGST Act, 2017. The period covered by this communication is April 2023 to March 2024.Significantly, the order also acted on several allegations previously...