Markets

MobiKwik Secures RBI Approval for Physical Payment Aggregator License, Targets 10X Merchant Growth Gurugram, India, May 26, 2026: One MobiKwik Systems Ltd. (MobiKwik) today announced that it has received an in-principle approval for its Payment Aggregator - Physical (PA-P) license from the Reserve Bank of India (RBI). This approval positions the company to significantly deepen its offline merchant payments business across India. The milestone enhances MobiKwik's operational capacity as a full-stack fintech platform serving both consumers and merchants through various payment and financial services.MobiKwik currently supports a network of 4.9 million merchants through services including UPI QR, Soundbox, and EDC machines. The company...

Solve Plastic Products Limited Enters Into Lease Agreement in Kannur Solve Plastic Products Limited, also known as Solve Plastic Products Pvt Ltd, confirmed that it entered into a lease agreement at Kannur. The company's acquisition of the lease was formalized following a Board meeting held on May 26, 2026.The details regarding the property lease were confirmed by the company, establishing the operational step at the Kannur location.BALCO Stock Price Movement As of 12:22 PM, shares of Solve Plastic Products Limited are holding steady at ₹20.45 in live trading, reporting no change today. The stock maintains its stability, currently trading within a narrow price band ranging from ₹19.45 to ₹21.45.

Fidel Softech Limited Achieves CMMI Level 3 Certification for IT Department Fidel Softech Limited has announced that its IT Department in Pune, India, has successfully achieved CMMI certification. The certification validates the company's capabilities in the Services (SVC) and virtual (VRT) domains at Level 3.The communication detailing this milestone was received on May 25, 2026, from the IT Process Advisory Compliance and Training Services. This achievement pertains to the IT Department within Fidel India Limited, located in Pune, India, covering the IMS and SAS functions.The newly obtained certification is valid through April 27, 2029.Key details regarding the certification are summarized below:ParticularsDetailsCompany...

Seamec Limited Announces Completion of Key Projects by Vessel 'SEAMEC PRINCESS' Seamec Limited has reported the successful conclusion of major operational projects executed by its vessel, 'SEAMEC PRINCESS'. The vessel completed the second season of both the Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP).The operational milestone was achieved on May 26, 2026, at 06:48 hrs.The completion marks the successful execution of both the PRP-VIII Gr. B and the DUDP by the 'SEAMEC PRINCESS'.SEAMECLTD Stock Price Movement As of 11:24 AM, shares of Seamec Limited are slipping by 0.32% in live trading, currently at ₹1626.4. The stock is seeing significant volume today, with 31,060 shares...

RateGain Appoints Heather Moses as Chief Marketing Officer to Drive AI-First Global Strategy RateGain Travel Technologies Limited, a global provider of AI-powered SaaS solutions for the travel and hospitality industry, has announced the appointment of Heather Moses as its Chief Marketing Officer (CMO). The appointment is aimed at strengthening RateGain's global growth and marketing strategy.Heather Moses, based in Boston, will lead RateGain's global marketing function. In her capacity, she will drive category leadership, brand growth, and the go-to-market (GTM) strategy. Her responsibilities will encompass communications, design, demand generation, and integrated marketing initiatives across the company's expanding portfolio of...

IIFL Finance Limited Updates Global Medium Term Note Programme IIFL Finance Limited announced an update to its existing Global Medium Term Note Programme on May 26, 2026.The company confirmed the update, stating that the Offering Circular has been uploaded on the India International Exchange (IFSC) Limited (India INX) and NSE IFSC Limited (NSE IFSC).The Offering Circular is available on the respective exchanges' websites. Interested parties can access the documents via the India INX site and the NSE IFSC listing details.IIFL Stock Price Movement Shares of IIFL Finance Limited are rallying to ₹492.7 as of 11:21 AM, gaining 2.24% in live trading. The stock shows strong momentum today, trading on a volume of 1.73 million shares.

Regaal Resources Doubles Crushing Capacity, Launches Major Specialty Product Lines Regaal Resources Ltd. announced significant operational and capacity expansions, confirming the commissioning of new manufacturing facilities and a substantial increase in crushing capacity. The company successfully doubled its crushing capacity from 825 TPD to 1,650 TPD and launched two major new value-added product lines.The expansion initiatives, effective May 26, 2026, include the commissioning of a new Liquid Glucose ("LG") manufacturing facility with a production capacity of 180 MT per day, and a Maltodextrin Powder ('MDP') manufacturing facility boasting a production capacity of 50 MT per day, both situated at the factory in Kishanganj, Bihar...

Steel Exchange India Reports Strong Q4 FY26 Results, Sees Net Profit Surge to ~₹12 Crore Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer known for its TMT rebars under the brand 'SIMHADRI TMT', has announced its audited financial results for the fourth quarter (Q4) of FY26 and the full fiscal year FY26. The company reported a significant increase in profitability, highlighted by a quarter-over-quarter (QoQ) net profit surge of approximately 443%.According to the company's report, the strong performance was achieved as SEIL focused on strengthening operational capabilities and improving financial flexibility during FY26.Financial Performance Highlights SEIL's financial results demonstrate robust growth...

Geetanjali Trading and Investments Launches Proposal for Voluntary Delisting of Hitech Corporation Limited Shares Geetanjali Trading and Investments Private Limited, a member of the promoter group of Hitech Corporation Limited, has announced a voluntary delisting proposal for the company’s fully paid-up equity shares. The proposal outlines the intent to acquire all equity shares from public shareholders and consequently remove the shares from the stock exchanges.Kreo Capital Private Limited has been appointed as the Manager to the Offer for this initiative.Delisting Proposal Details The proposal, detailed in an Initial Public Announcement dated May 25, 2026, confirms the intention of the promoter group, through the Acquirer, to...

Anondita Medicare Limited Secures Purchase Order from Central Medical Services Society for Condoms Anondita Medicare Limited has received a significant purchase order for the supply of condoms from the Central Medical Services Society (CMSS), which operates under the Ministry of Health and Family Welfare, Government of India.The purchase order, identified as PO No: 10282600131/PDI/Domestic Fund-DF, was issued on April 28, 2026. The order pertains to the supply of Condoms (FSNACO) [379].The total value of the contract awarded to Anondita Medicare Limited is Rs. 7,18,36,178.310/- (Rupees Seven Crore Eighteen Lakhs Thirty-Six Thousand One Hundred Seventy-Eight and Thirty- One Paisa Only).According to the details provided, the order...

Kalyani Forge Achieves Highest PAT in 14 Years, Sustains 15%+ EBITDA Margin Momentum Pune, May 25, 2026: Kalyani Forge Limited today announced its financial results for the fourth quarter (Q4) and the full fiscal year 2026 (FY26). The company marked a significant operational milestone, reporting its highest annual profitability in approximately 14 years.The financial performance shows the company has achieved a notable turnaround, with the Profit After Tax (PAT) for FY26 reaching ₹9.3 crore, a substantial increase of approximately ₹30 crore compared to FY25. Furthermore, the company sustained robust EBITDA margins above 15% for two consecutive quarters, signaling improving business quality and operational strength.Financial...

Insolation Energy Reports Strong FY26 Results Driven by Scale Expansion and Backward Integration Insolation Energy Limited, a prominent player in India's solar energy sector and a leading PV module manufacturer, announced its audited financial results for the fourth quarter and the full fiscal year (FY) 2026, ending March 31, 2026. The company reported robust financial and operational growth, driven by high demand across utility-scale, Commercial and Industrial (C&I), rooftop, and government-led renewable energy projects.The year marked a significant transformation for INA, highlighted by the company's continued progress in backward integration, extensive capacity expansion, and its successful migration to the Main Board of both the...

Venus Pipes & Tubes Commences Operations of Fittings Facility and Expands Seamless Pipes Capacity Venus Pipes & Tubes Limited, a leading stainless-steel pipes and tubes manufacturer and exporter in India, has initiated commercial operations at its fittings facility and commissioned additional seamless pipes/tubes capacity at its Dhaneti, Gujarat facility.The expansion marks a major milestone for the company, solidifying its strategic push toward forward integration and enhancing its portfolio of value-added stainless steel products.Seamless Pipes and Tubes Capacity Expansion The company successfully commissioned an expansion of its seamless pipes/tubes capacity with an additional 4,200 MTPA under the current phase. This addition...

Kellton Tech Solutions Selected by Leading UAE Enterprise Group to Build Unified Digital Operating Platform Kellton Tech Solutions Ltd., an AI-led digital transformation and enterprise technology consulting company, has been selected by a leading UAE enterprise group. The partnership involves designing and implementing a unified digital operating platform intended to integrate governance, business operations, financial management, and enterprise-wide decision-making, thereby supporting the organization's next phase of scalable growth.The client operates across commercial real estate, property services, and managed operations, serving both enterprise customers and government-linked entities. As the business expanded, the increasing...

Balu Forge Industries Secures Maiden Aerospace Order from US Client Balu Forge Industries Ltd. (BFIL), a prominent precision engineering and manufacturing company, has achieved a significant milestone with its entry into the highly specialized global aerospace sector. The company announced the receipt of its first commercial purchase order from Alpha Aircraft Systems Inc, a US-based entity, for the supply of precision engineered components.BFIL confirmed that the initial advance payment for this project was received on May 25, 2026, thereby formally commencing the development and manufacturing phase for the prestigious aerospace venture.Key Highlights of Sector Entry This strategic contract marks BFIL's official foray into the...

Regaal Resources Limited Boosts Maize Capacity to 1,650 TPD, Commissions Specialty Facilities in Bihar Regaal Resources Limited, a major maize processing company in India, has significantly scaled up its operations by doubling its maize crushing capacity and commissioning new advanced facilities in its integrated complex located in Kishanganj, Bihar. The expansion marks a major push towards strengthening its presence in value-added maize specialty products and derivative segments.The company announced the completion of these facilities on May 26, 2026. Key additions include a new Liquid Glucose (LG) manufacturing unit and a Maltodextrin Powder (MDP) facility.The company’s integrated manufacturing facility now boasts a crushing...

SEPC Limited Posts Stellar FY26 Results: Net Profit Jumps Over 2x, Income Sees 68% Growth Chennai, May 26, 2026: SEPC Limited, a major EPC player specializing in water & wastewater, infrastructure, and industrial sectors, announced its unaudited financial results for the fourth quarter (Q4) and the full fiscal year (FY26), reporting robust operational progress and stellar financial performance.The company's financial results show significant year-over-year growth, highlighting the strength of its operational model and execution capabilities across complex infrastructure projects.Financial Performance Overview The financial results for the quarter and the full year reflect substantial increases across key metrics. The company...

Balu Forge Industries Confirms CFO Transition to Wider Strategic Leadership Role Mumbai, May 26, 2026 — Balu Forge Industries Limited announced a clarification regarding the role of its Chief Financial Officer (CFO), Mr. Amit Ashok Todkari. The update serves as a continuation to the initial intimation of Mr. Todkari's resignation, which had previously been reported on May 25, 2026.Management issued a clarification confirming that while Mr. Todkari stepped down from his specific capacity as CFO of Balu Forge Industries Ltd, his departure was not at the group level. Instead, he is transitioning into a wider strategic leadership role, capitalizing on his extensive experience within the company. Further details concerning his new...

Venus Pipes & Tubes Limited Commences Commercial Production of Pipes and Tubes Venus Pipes & Tubes Limited announced the start of commercial production for its pipe and tube manufacturing units. The company confirmed that the commercial operations for Seamless Pipes/Tubes, Mother Hollow Pipes, and Fittings began on May 26, 2026.The commencement of commercial production marks a significant operational milestone for the company. Venus Pipes & Tubes Limited has established substantial manufacturing capacities across its primary product lines.According to the company, the newly operational capacities include:Product CategoryCapacity (MTPA)Seamless Pipes/Tubes4,200Mother Hollow Pipes6,000Fittings ManufacturingCapacity...

SKM Egg Products Plans Major Poultry Farm Expansion with 400 Crore Investment, Targeting 24 Lakh Layer Bird Capacity SKM Egg Products Export (India) Limited announced a significant expansion initiative at its poultry farm, committing an investment outlay of approximately ~400 crores. The company is building additional layer bird capacity, increasing its total capacity to 24 lakh layer birds.The expansion follows the release of the audited financial statements for the fourth quarter cum full financial year 25-26 on May 22, 2026. The company recently engaged with shareholders and analysts to discuss its financial performance and future growth trajectory.Mitigating Inflation and Strengthening Operations The expansion involves setting...