Markets

Persistent Systems Acquires Stake in Concise Systems to Bolster Nearshore Presence in Eastern Europe Persistent Systems Limited's step-down subsidiary, PerSys Estonia OÜ, has entered into a Business Purchase Agreement with M/s. Concise Systems OÜ (Concise) for the acquisition of a segment of Concise's operations. The agreement, executed on May 28, 2026, marks a strategic move aimed at consolidating key customer relationships and expanding Persistent’s delivery capabilities in Eastern Europe.The acquired business operates within the IT services and IT enabled services sector. The transaction involves acquiring purchased assets, assumed liabilities, and a select group of employees and contractors, collectively referred to as the...

Sathlokhar Synergys E&C Global Board Approves Financial Results and Appoints Internal Auditor Sathlokhar Synergys E&C Global Limited announced on May 28, 2026, that its Board of Directors convened a meeting to consider and approve the company’s financial records for the year and quarter ended March 31, 2026.The company, which operates in the construction of buildings and infrastructure facilities, including Industrial, Commercial, Institutional, Pharma, Hospitals, Hotels, and Solar Power Projects, also manages electrical utilities (HT & LT Contractors, HVAC, FPS, PHE, IBMS, Utility Projects).Board Approvals and Governance During the meeting held on May 28, 2026, the Board formally approved several key items:The Audited Financial...

Wipro Partners with ServiceNow to Scale Agentic AI Workflows Across Enterprise Functions Wipro Limited, a technology services and consulting company, has announced an expanded partnership with ServiceNow. The collaboration aims to implement and scale agentic AI workflows across critical enterprise functions, including IT, HR, procurement, and cybersecurity.The expanded partnership centers on integrating Wipro Intelligence™, Wipro's unified suite of AI-powered platforms, solutions, and offerings, with the ServiceNow AI Platform. This integration enables organizations to streamline the entire process of initiating, orchestrating, and executing work across their enterprise systems.By enhancing visibility and reducing manual...

Hindustan Media Ventures Approves Financial Results and GBP 1.67 Million Investment in Assetvault Hindustan Media Ventures Limited announced key outcomes of its Board of Directors meeting held on May 28, 2026. At the meeting, the Board approved the audited financial results for the quarter and full financial year ended March 31, 2026, alongside sanctioning an investment of up to GBP 1.67 Million in Assetvault Limited.The Board also determined that no dividend is recommended for the financial year 2025-26.Financial Results Approved The Board formally approved the audited financial statements (Standalone and Consolidated) for the financial year ended March 31, 2026, and the corresponding audited financial results for the quarter ended...

Taj GVK Hotels & Resorts Announces Audited Financial Results for the Quarter and Year Ended March 31, 2026 Taj GVK Hotels & Resorts Limited announced on May 28, 2026, the audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The Board of Directors reviewed and recommended key business outcomes, including the recommendation of a dividend for the financial year.The Board meeting, held on May 28, 2026, included the consideration and approval of the audited standalone and consolidated financial results for the period.Financial Performance Overview The company released financial statements detailing performance both standalone and consolidated levels.Standalone Performance: For the...

FCS Software Solutions Limited Announces Audited Financial Results for FY2026 FCS Software Solutions Limited confirmed the finalization and approval of its annual and quarterly financial results for the year ended March 31, 2026. The company's Board of Directors reviewed and approved these statements during its meeting held on May 28, 2026.During the board meeting, the company officially considered and approved the audited financial results (both standalone and consolidated) for the quarter ended March 31, 2026, alongside the full Annual financial Statements for the financial year ended March 31, 2026.Audit Opinion and Financial Review Statutory Auditors, SPMG & Company, confirmed that they have issued an audit report with an...

Nalwa Sons Investments Reports Financial Results for Year Ended March 31, 2026 Nalwa Sons Investments Limited announced the financial results for the year ended March 31, 2026, following the approval by its Board of Directors on May 28, 2026. The company released audited financial results for both standalone and consolidated entities, detailing revenue streams and total assets across the period.The audited standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on May 28, 2026. The company also reported that its statutory auditors, M/s. N C Aggarwal & Co., Chartered Accountants, provided an un-modified opinion on the audited Standalone and...

Cello World Limited Reports Audited Financial Results for Fiscal Year 2026 Cello World Limited, a key player in India’s consumerware market, has announced its audited financial results for the quarter and the full fiscal year ending March 31, 2026. The company operates across consumer houseware, writing instruments and stationery, moulded furniture and allied products, and consumer glassware categories.According to the announcement, the company reported a revenue from operations of Rs. 2,324 crores for the fiscal year 2026, marking a year-over-year growth of 9%.Financial Performance Highlights The financial results for the quarter ended March 31, 2026, compared with the previous year, show material changes across key metrics. The...

Setco Automotive Completes Sale of Stake in SASPL, Ceding Subsidiary Status Setco Automotive Limited announced the successful closing of a significant transaction involving its subsidiary, Setco Auto Systems Private Limited (SASPL). The deal involved the transfer of a substantial stake in SASPL to RSB Transmissions (I) Limited.The closing of the transaction, initially contemplated under the Share Purchase and Subscription Agreement (SPSA), was confirmed to have taken place on May 27, 2026.Under the terms of the SPSA, the Company completed the sale and transfer of 4,47,847 equity shares of SASPL to the Purchaser, RSB Transmissions (I) Limited. This sale represents approximately 41% of the paid-up share capital of SASPL on a fully...

Best Agrolife Reports FY26 and Q4 Results Amid Industry Headwinds, Focuses on Patent Portfolio Growth Best Agrolife Limited has released its financial results for the fourth quarter (Q4) and the full fiscal year (FY) 2026, detailing a decline in revenues from operations while highlighting significant operational discipline, patent portfolio expansion, and cost management initiatives.The company reported that for the period ending March 31, 2026, revenue from operations stood at ₹1,257 crore, compared to ₹1,814 crore in FY25. While the Gross Margin remained largely stable, moving from approximately 29% in FY25 to 30% in FY26, the EBITDA Margin declined from 11% in FY25 to 8% in FY26.Quarterly Performance and Challenges During Q4...

SEL Manufacturing Reports Audited Financial Results for the Quarter and Year Ended March 31, 2026 SEL Manufacturing Company Limited announced the approval of its audited standalone financial results for the quarter and year ended March 31, 2026, following a Board meeting held on May 28, 2026. The company released a comprehensive statement detailing its financial performance, including the Balance Sheet, Cash Flow Statement, and Income Statement.The audited financial statements provide key metrics comparing the results for the year ending March 31, 2026, against the previous year.Key Financial Highlights The company’s total income from operations reached 1,564.65 lakh for the quarter and year ended March 31, 2026. Total expenses were...

Mishra Dhatu Nigam Limited Receives Fines from BSE and NSE for Quarterly Non-Compliance Mishra Dhatu Nigam Limited (MIDHANI) has confirmed receiving fines from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) related to non-compliance identified for the quarter that ended on March 31, 2026.The company stated that both stock exchanges levied a fine of Rs. 4,95,600/- each, inclusive of GST, concerning non-compliance with regulations.The financial details of the fines are summarized below:Stock ExchangeAmount of FinePeriod CoveredBSE LimitedRs. 4,95,600/-Quarter ended March 31, 2026NSE India LimitedRs. 4,95,600/-Quarter ended March 31, 2026MIDHANI confirmed that the company plans to...

IndoStar Capital Finance Reports Q4 FY26 Results, Sees 21% Growth in Disbursements Mumbai, May 28, 2026: IndoStar Capital Finance Limited, a middle-layer non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter and the year ended March 31, 2026. The NBFC specializes in retail lending, focusing on secured financing across Vehicle Finance (VF) and Micro Loans Against Property (M-LAP) to meet the credit needs of underserved segments.Quarterly Financial Highlights The company reported a strong performance for the quarter ended March 31, 2026. Disbursements for the quarter stood at INR 1,306 crore. This figure reflects significant growth, showing a 17% sequential increase...

Wonder Electricals Announces Audited Financial Results and Approves Preference Share Redemption Wonder Electricals Limited announced the results of its Board meeting held on May 28, 2026. The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, and also approved the redemption of a specific number of preference shares from the company's profits.The Board's resolutions included the consideration of the audited financial results, which were found to have an unmodified opinion from the auditors. Furthermore, the company approved the redemption of 4,00,000 nonconvertible, non-participating, and non-cumulative redeemable preference shares, each having a face value of 2100...

Shalby Limited Appoints S A & Associates as Cost Auditor for Fiscal Year 2026-27 Shalby Limited announced the appointment of S A & Associates, Cost Accountant, Ahmedabad, to serve as the Cost Auditor for the company for the Fiscal Year 2026-27. The appointment was approved by the company's Board of Directors during a meeting held on May 27, 2026, following a recommendation from the Audit Committee.The company specified that the appointment of S A & Associates, which carries Firm Registration No. 000347, replaces the previously mentioned firm, M/s. Borad Sanjay B & Associates.The details of the Cost Audit appointment are as follows:ParticularsDetailCost Auditor AppointedS A & Associates, Cost Accountant, AhmedabadFirm...

HMT Limited Faces Fines from BSE and NSE Over Board Composition Deficiencies HMT Limited, a Government of India undertaking, has received notices from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) concerning non-compliance related to its Board of Directors composition. The notices pertain to the quarter ended March 31, 2026.According to the report, the company was flagged for not maintaining the requisite number of Independent Directors on its Board of Directors.For this non-compliance, HMT Limited was assessed a fine of Rs. 5,31,000/- each, inclusive of Goods and Services Tax (GST), from both BSE and NSE.In response to the regulatory notices, HMT Limited confirmed that it is currently in the...

RCF Imposed Fines Following Non-Compliance Notice from Stock Exchanges Rashtriya Chemicals and Fertilizers Limited, a Government of India Undertaking, has reported receiving notices from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding non-compliance with regulatory provisions for the quarter ending March 31, 2026. The company confirmed that it has been imposed a fine of Rs. 5,31,000/- by both stock exchanges for the lapse.The non-compliance issue relates specifically to Regulation 17(1) of the Listing Obligations and Disclosure Requirements Regulations, 2015.The financial implication of the penalty is Rs. 5,31,000/- each from the NSE and BSE. Following the imposition of the fines, Rashtriya...

Hi-Tech Pipes Limited Announces FY26 Audited Results, Appoints New Auditors, and Plans Promoter Warrant Issuance Hi-Tech Pipes Limited announced the outcomes of its Board of Directors meeting held on May 28, 2026. The board considered and recommended the audited financial results for the Quarter and Financial Year ended March 31, 2026. The company also announced several key corporate decisions, including the appointment of new auditors and the proposal for issuing fully convertible warrants to its Promoter Group.Financial Results for FY26 The company released its audited financial statements for the year ended March 31, 2026.The Consolidated financial results provided a snapshot of the Group's performance:ParticularsQuarter...

Hindustan Copper Limited Fined by BSE and NSE for Board Composition Non-Compliance Hindustan Copper Limited (HCL) has been informed of fines imposed by both BSE Ltd and the National Stock Exchange of India Ltd (NSE) due to non-compliance with requirements pertaining to the composition of its Board and the constitution of its Audit and Nomination and Remuneration Committees.The notices confirm that both BSE and NSE imposed a fine of Rs. 9,55,800/- each on HCL. The non-compliance relates to requirements concerning the composition of the Board and the Constitution of the Audit Committee and Nomination and Remuneration Committee, as stipulated under SEBI (LODR) Regulations, 2015.Details of Imposed Fines and Violations The exchanges...

Alkem Laboratories Approves Financial Results and Recommends Final Dividend Alkem Laboratories Limited announced the approval of its Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026. During the board meeting, the company also recommended a final dividend and approved the re-appointment of an executive director.The company provided comprehensive financial statements, including consolidated and standalone financial results, and detailed cash flow statements, reflecting its performance for the period ending March 31, 2026.Financial Highlights (Year Ended March 31, 2026) The audited financial results show significant figures for the year ended March 31, 2026.Consolidated...