Markets

RateGain Launches 2026 Report Warning AI Search Could Detach Hotels from Booking Journey RateGain Travel Technologies Limited, a global provider of AI-powered SaaS solutions for the travel and hospitality industry, released The Direct Booking Friction Report 2026. The report serves as a comprehensive audit, revealing that many hotels across the APMEA region are not losing direct revenue due to poor demand or weak pricing, but rather because of friction within their own digital guest experience.The audit maps, for the first time, specific areas where hotels across the Asia Pacific, Middle East, and Africa are losing direct bookings even before a guest reaches the checkout stage. These friction points cover visibility, pricing...

Medicamen Organics to Undertake Preferential Issue and Convert Promoter Loan into Equity Medicamen Organics Limited announced details regarding a preferential issue of securities and the conversion of a portion of an outstanding unsecured loan. The company confirmed the details related to the proposed transaction, which is scheduled for shareholder approval.The company previously provided details of its outstanding loans, including an unsecured loan availed from Mr. Bal Kishan Gupta, a Promoter. The outstanding amount payable to Mr. Bal Kishan Gupta stood at INR 5,67,63,723.53 as of March 21, 2026. This amount was reported to stand at INR 5,65,32,809.53 as of March 31, 2026.In connection with the ongoing transaction, the company...

EP Biocomposites Reports Strong Financial Performance in FY26, Highlights Growth Momentum Goa, May 29, 2026: EP Biocomposites Limited, a manufacturer of fibre reinforced composite products and wastewater solutions, announced its audited financial results for the financial year ended March 31, 2026. The company reported significant growth across key financial metrics, reinforcing its expansion trajectory.The consolidated financial data for the second half of FY26 (H2FY26) shows robust growth compared to the previous years. The company recorded a 13.60% year-over-year increase in Revenue from Operations for FY26.Financial performance metrics are detailed below:Particulars (Rs. In Lakh)H2FY26H2FY25YoY%FY25Revenue from...

ITI Limited Appoints Shri C Vramana Babu as Chief Financial Officer and Key Managerial Personnel ITI Limited announced the appointment of Shri C Vramana Babu as the Chief Financial Officer and Key Managerial Personnel of the company. The appointment was approved by the Board of Directors during its meeting held on May 28, 2026, and is effective from the same date.The company confirmed that Shri C Vramana Babu, who currently serves as the Director Marketing, is assuming the role of CFO, enhancing his key managerial responsibilities within ITI Limited.Professional Profile and Experience Shri C Vramana Babu brings extensive experience spanning over 30 years in the telecom sector, covering project planning, execution, installation...

Kalyani Investment Company Limited Announces FY 2026 Results and Recommends Dividend Kalyani Investment Company Limited announced the outcome of its Board meeting held on May 29, 2026. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, for both standalone and consolidated formats. Furthermore, the directors recommended a dividend for the Financial Year 2025-26.Dividend RecommendationThe Board of Directors recommended a dividend of Rs. 10/- per Equity Share of Rs. 10/- each (100%) on the Equity Share Capital of the Company for the Financial Year 2025-26. This recommendation is subject to approval by the members at the ensuing Seventeenth Annual General Meeting.Audited...

Jayantibhai Somabhai Patel Acquires 53,127 Shares of Promact Plastics Limited Jayantibhai Somabhai Patel has acquired 53,127 Equity Shares of Promact Plastics Limited, which have a face value of Rs. 10/- each. The acquisition of the shares took place on May 27, 2026, through the open market.The total voting capital of Promact Plastics Limited remained stable following the purchase, remaining at Rs. 6,51,18,000, representing 65,11,800 Equity Shares of Rs. 10/- each.The acquisition significantly altered the holding structure of the company, resulting in the following changes in share ownership:MetricAcquirer Jayantibhai Somabhai Patel (Pre-Acquisition)Acquirer Jayantibhai Somabhai Patel (Post-Acquisition)Shares Carried Voting...

Ashika Credit Capital Completes Amalgamation of Subsidiaries, Allots Shares Ashika Credit Capital Limited executed a Composite Scheme of Amalgamation involving two of its subsidiaries. The transaction, approved by the National Company Law Tribunal (NCLT), Kolkata Bench, resulted in the allotment of fully paid equity shares and the cancellation of existing promoter group shares.The amalgamation included Ashika Commodities & Derivatives Private Limited (ACoPL), a wholly owned subsidiary of Ashika Global Securities Private Limited (AGSPL), with and into Ashika Credit Capital Limited (ACC).The entire transaction was sanctioned by the Hon'ble NCLT, Kolkata Bench, via an order dated May 8, 2026.Key Financial Transactions On May 28...

Promoter Sells 200 Shares of Centum Electronics Ltd in Market Transaction M S Swarnakumari, a promoter of Centum Electronics Limited, sold 200 equity shares of Centum Electronics Limited via a market sale on the stock exchanges. The transaction saw the promoter's holding of shares decrease from 12,684 units to 12,484 units.The sale of the 200 equity shares, each carrying a face value of Rs. 10, was completed on May 26, 2026. This transaction was reported following a market sale conducted on the listed stock exchanges.The details of the shareholding movement are as follows:DetailBefore SaleAfter SaleNumber of Shares Held12,68412,484Promoter Holding Percentage0.08%0.08%The transaction involved the disposal of 200 equity...

Acuité Ratings Withdraws Credit Rating for Adani Enterprises Commercial Paper Facilities Adani Enterprises Ltd has reported that Acuité Ratings & Research Limited has withdrawn the credit rating assigned to the company's Commercial paper facilities. This rating action was taken after the company requested the withdrawal, as there are no outstanding Commercial paper facilities under such rating.The rating action specifically affects the company's Commercial paper instruments.The details of the withdrawn rating are as follows:Instrument TypeSize of Issue (Rs. in Core)Rating ActionCommercial paper2000Rating withdrawn WithdrawnThe company issued the statement detailing the withdrawal of the rating on May 29, 2026.ADANIENT...

ECOS Reports Strong FY26 Growth, Achieving 23.58% Revenue Increase to ₹8,081.58 Mn Delhi, May 29, 2025 – ECOS (India) Mobility & Hospitality Limited, one of India's largest chauffeur-driven managed mobility providers to corporates, announced its audited financial results for the fourth quarter and financial year 2025-26, ended on March 31, 2026.The company reported a significant increase in revenue from operations, achieving ₹8,081.58 Mn for the fiscal year 2026, marking a 23.58% year-on-year (YoY) growth.Commenting on the overall performance, Mr. Rajesh Loomba, Chairman and Managing Director, ECOS, noted that FY26 was a critical year for the company as it focused on scaling, deepening enterprise relationships, and expanding its...

Gabriel India Ltd Promoter Group Shareholding Increases Following Scheme of Arrangement Gabriel India Limited saw an increase in its promoter group’s aggregate shareholding following the issuance of shares through a court-sanctioned Scheme of Arrangement. The transaction, which was reported on May 28, 2026, details the entry of Anjali Singh, acting on behalf of Anand Automobiles, into the shareholding structure of the company.The key transaction involved the issuance of 1 equity share, each having a face value of Re. 1/-. This issuance occurred under a Scheme of Arrangement sanctioned by the National Company Law Tribunal, Mumbai Bench-I, via an order dated May 11, 2026, under Sections 230 to 232 of the Companies Act, 2013.With this...

Simca Advertising Limited Approves Audited Financial Results for FY 2025-26 Simca Advertising Limited announced the outcomes of its Board of Directors meeting held on May 29, 2026. The Board considered and approved the audited financial results and the audit report for the half year and financial year ended on March 31, 2026.The company also announced the appointment of M/s SARK & Associates LLP as the secretarial auditor for a five-year term, covering the period from FY 2026-27 to 2030-31, subject to approval by the members at the ensuing Annual General Meeting.Audit and Financial Results The company confirmed that the statutory auditors, M/s F. A. Ansari & Associates, issued an Audit Report with an unmodified opinion regarding the...

Kalind Ltd Board Meeting Scheduled to Consider Proposal for Bonus Shares Kalind Ltd, formerly known as Arunis Abode Limited, has announced that its Board of Directors meeting is scheduled for June 3, 2026. The meeting aims to consider and recommend a proposal for the issue of Bonus shares, subject to the subsequent approval of the company's shareholders.The company specified that the board meeting is scheduled for June 3, 2026, to evaluate and suggest the bonus share proposal, in line with applicable provisions.In connection with the upcoming board meeting, Kalind Ltd has also provided details regarding the temporary suspension of trading in its equity shares. The trading window for dealing in the company's equity shares will be...

Ashika Credit Capital to Amalgamate: ACDPL and AGSPL Merger Details Emerge Ashika Credit Capital Ltd (ACCL) is undergoing a significant corporate restructuring through a Composite Scheme of Amalgamation involving Ashika Commodities & Derivatives Private Limited (ACDPL) and Ashika Global Securities Private Limited (AGSPL). The amalgamation aims to consolidate the operations of ACDPL (Transferor Company) and AGSPL (Transferee/Amalgamating Company) into ACCL (Amalgamated Company), alongside the respective shareholders and creditors.The core event detailed is the acquisition of 4,03,52,580 equity shares of Rs 101 each fully paid up in ACDPL by the promoter and promoter Group (pAc), along with other specified acquirers. This transaction...

Peterhouse Investments Sells 50,000 Equity Shares in Usha Martin Ltd in Block Deal Peterhouse Investments India Ltd, which belongs to the Promoter group, successfully sold a tranche of its equity shares in Usha Martin Ltd on May 27, 2026. The disposal of 50,000 equity shares was executed via a Block Deal on the National Stock Exchange.The transaction confirms that Usha Martin Ltd shares are listed on multiple exchanges, including the Mumbai Stock Exchange (BSE), the National Stock Exchange of India Ltd. (NSE), and Societe de la Bourse de Luxembourg (GDR are listed at Luxembourg).Prior to the sale, Peterhouse Investments India Ltd held 1,746,529 Equity Shares in Usha Martin Ltd. This holding represented 0.58% of the total diluted...

SMALLCAP World Fund, Inc. Reduces Stake in 360 ONE WAM LTD Following Open Market Sale SMALLCAP World Fund, Inc. executed a net sale of shares in 360 ONE WAM LTD on May 5, 2026, reducing its substantial holding in the company through the open market.Before the transaction, SMALLCAP World Fund, Inc. held 7,110,521 shares carrying voting rights, representing a stake of 7.9967% of the total share/voting capital. The company's equity share capital/total voting capital before the sale was 88,917,869.The fund reported selling a total of 4,290,086 shares carrying voting rights. This disposal represented a reduction of 2.0419% of the total share/voting capital.Following the open market sale, the fund's holding of shares carrying voting...

Anfilco Limited Becomes Shareholder in Gabriel India Limited Following Scheme of Arrangement Anfilco Limited, acting on behalf of Anand Automobiles, has acquired a significant stake in Gabriel India Limited. The acquisition involved the issuance of 3,29,22,161 equity shares, bringing the entity's holding to 18.58% of the company's total shareholding.The transaction was executed through a Scheme of Arrangement. The shares, which have a face value of Re. 1/- each, were issued following an order dated May 11, 2026, from the National Company Law Tribunal (NCLT), Mumbai Bench, related to CP (CAA) No. 36/MB/2026.The transaction details confirm that the shares were issued to, among others, Anfilco Limited and Anand Automobiles, through a...

Lakshya Powertech Announces Results for H2 FY26 and FY26; Secures Major Contracts in O&G and Data Center Segments Lakshya Powertech Limited, an engineering and infrastructure solutions provider, announced its Audited Financial Results for H2 FY26 and FY26 on May 29, 2026. The company reported a steady performance over the period, attributing its growth to consistent execution across ongoing projects, improving order inflows, and a sustained focus on operational efficiency.The growth was primarily driven by robust demand in the power and infrastructure segments, complemented by disciplined cost management and strong project delivery capabilities.Key Financial Performance Highlights The financial results demonstrate significant...

Anfilco Limited Boosts Stake in Gabriel India Ltd Following Share Issue Under Court-Approved Scheme Gabriel India Ltd has announced a significant increase in its promoter group's shareholding following the issuance of 6,63,919 equity shares. The transaction was executed through a Scheme of Arrangement that was sanctioned by the National Company Law Tribunal, Mumbai Bench-I.The shares, which have a face value of Re. 1/- each, were issued to Anfilco Limited. This transaction establishes Anfilco Limited as a shareholder, holding an aggregate stake of 6,63,919 equity shares.The share issuance was structured under a Composite Scheme of Arrangement, which was sanctioned by the National Company Law Tribunal, Mumbai Bench-I, via an order...

Dabur India Completes Allotment of Shares Under Employee Stock Option Scheme Dabur India Limited announced the successful allotment of equity shares to its employees, executed under the terms of the Dabur Employees Stock Option Scheme 2000.The Nomination & Remuneration Committee of Dabur India Limited approved the allotment of 2,62,216 (Two Lakh Sixty Two Thousand Two Hundred and Sixteen) equity shares of the Company, each having a face value of Re. 1. These shares were allotted following the exercise of options by the Company's employees and subsidiaries.The allotment event resulted in a corresponding increase in the Company's paid-up equity share capital.The financial structure details before and after the allotment are as...