Markets

Stove Kraft Limited Approves Wholly-Owned Subsidiary and Joint Venture in China Stove Kraft Limited, during a Board meeting held on May 25, 2026, gave in-principle approval for two major international expansions: the incorporation of a wholly-owned subsidiary (WOS) in China and entering into a joint venture agreement with a Chinese company.The approval details the company's planned expansion into the People's Republic of China, covering both the establishment of a fully controlled subsidiary and a strategic partnership aimed at manufacturing and trading specialized goods.Wholly-Owned Subsidiary Incorporation The company approved the incorporation of the WOS, tentatively named Stove Kraft Guangzhou Import Export Limited, or any other...

TruCap Finance Releases Audited Financial Results for Year Ended March 31, 2026 TruCap Finance Limited today announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported significant figures across its key financial metrics, while auditors also highlighted material uncertainties regarding the company's going concern status.The Board of Directors approved the audited financial results at a meeting held on May 25, 2026.Financial Highlights (As of March 31, 2026) The financial results demonstrate the company's financial position and performance across the reporting periods. Key figures for the Consolidated Financial Statements are presented below (Amounts are in...

Sattva Engineering Construction Approves Financial Results and Re-appoints Internal Auditors Sattva Engineering Construction Limited, formerly known as Sattva Engineering Construction Private Limited, announced key corporate developments following its Board of Directors meeting held on May 25, 2026. During the meeting, the Board considered and approved the audited financial results for the half year and the full financial year ended March 31, 2026.The company also formalized the re-appointment of its internal auditors for the fiscal year 2026-27.Financial Review and Audit Findings The Board of Directors approved the audited financial results for both the half year and the full year ended March 31, 2026. The company's Statutory...

IndoStar Capital Finance Reports Cancellation of Registration for Category II AIF IndoStar Capital Finance Limited announced that the Securities and Exchange Board of India (SEBI) has issued an order resulting in the cancellation of the registration certificate for the IndoStar Recurring Return Credit Fund. This fund is classified as a Category II Alternative Investment Fund (AIF).The cancellation order, which was passed on May 22, 2026, stemmed from the fund's non-filing of the quarterly activity report for four quarters. As a result of this non-compliance, SEBI passed the order concerning the AIF registration. The company confirmed that no penalty was imposed on IndoStar Capital Finance Limited.The details of the registration and...

Amara Raja Energy & Mobility Reports Rs. 1,307 Cr PBT for FY26, Recommends Final Dividend of ₹ 5.2 Per Share Hyderabad/Tirupati, May 25, 2026: Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the Energy & Mobility space, announced its financial results for the fiscal year 2025-26. The company reported a profit before tax (PBT) of Rs. 1,307 Cr for FY26.The company posted total revenue for FY26 at Rs. 13,549 Cr, representing a significant increase from Rs. 12,405 Cr recorded during FY25. Furthermore, the Earnings per Share (EPS) for FY26 stood at Rs. 53.02. For the fourth quarter (Q4) of FY26, ARE&M reported a revenue of Rs. 3,460 Cr and a PBT of Rs. 433 Cr.The Board of Directors recommended a final...

BGR Energy Systems Approves FY 2026 Financial Results, Increases Authorized Capital BGR Energy Systems Limited announced on May 25, 2026, that its Board of Directors held a meeting approving the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The Board also approved the appointment of new statutory auditors and a substantial increase in the company's authorized share capital.The comprehensive set of operational updates includes the endorsement of the audited annual financial results, segment-wise results, statement of assets and liabilities, and cash flow statements, available on both Standalone and Consolidated bases.Key Financial Highlights for FY 2026 The audited financial results...

NLC India Limited Signs MoU with NPCIL for Development of Nuclear Power Projects via Joint Venture NLC India Limited (NLCIL), a government of India enterprise, has signed a Memorandum of Understanding (MoU) with the Nuclear Power Corporation of India Limited (NPCIL). The collaboration aims to establish Joint Ventures (JV) for developing and advancing Nuclear Power Projects across the country, marking a strategic step towards strengthening India's clean energy transition and supporting the national vision of achieving Net Zero Carbon emissions.The MoU was formally signed on May 25, 2026. The agreement facilitates the development of Indigenous Pressurised Heavy Water Reactor (PHWR) based Nuclear Power Projects, initially targeting 700...

Vdeal System Approves Half-Year and Full-Year Audited Financial Results Vdeal System Limited held a Board of Directors meeting on May 25, 2026, where the Board approved the audited financial statements and results for the half year and the financial year ended March 31, 2026. The board meeting also approved key appointments, including a new Additional Director and the appointment of the company's Internal Auditor.The approved financial results provide a comprehensive look at the company's performance across several key metrics, detailed in the Standalone Financial Statement/Result.Board Approvals and Appointments During the board meeting, the Board of Directors of Vdeal System Limited considered and approved several material...

Pritika Auto Industries Reports Strong Growth with Consolidated Revenue Reaching ₹ 482.95 Crore in FY26 Pritika Auto Industries Limited has announced its financial results for the fiscal year 2026, reporting significant year-on-year growth in both revenue and EBITDA. The company's performance reflects strong demand across key customer segments and successful execution of its strategic roadmap.According to the company's statement, for the full year (FY26), consolidated revenue grew 35.32% year-on-year to ₹ 482.95 crore. Correspondingly, the EBITDA increased by 24.30%, reaching ₹ 71.03 crore.Quarterly and Operational Highlights For the fourth quarter (Q4 FY26), the company continued its upward trajectory. Consolidated revenue...

SEBI Orders Cancellation of IndoStar Credit Fund Registration Certificate IndoStar Capital Finance Limited reported that the Securities and Exchange Board of India (SEBI) passed an order for the cancellation of the registration certificate of the IndoStar Credit Fund, a Category II Alternative Investment Fund (AIF). The company received the order on May 25, 2026, following an order passed by SEBI on May 22, 2026.IndoStar Asset Advisory Private Limited, a wholly owned subsidiary of IndoStar Capital Finance Limited, acted as the Investment Manager for the AIF.The cancellation of the registration certificate resulted from the non-filing of quarterly activity reports by the IndoStar Credit Fund (AIF) over four quarters. In connection...

Amara Raja Energy & Mobility Announces 41st Annual General Meeting and Record Date Amara Raja Energy & Mobility Limited, formerly Amara Raja Batteries Limited, has announced key dates for its 41st Annual General Meeting (AGM) and the record date for the declaration of its final dividend.The Company announced that the 41st Annual General Meeting is scheduled to take place on Monday, August 10, 2026.In conjunction with the AGM, the record date for the final dividend payout was set for Monday, July 27, 2026. The final dividend stands at ₹ 5.20 per equity share, representing 520% of the face value of ₹ 1/each fully paid up for the financial year 2025-26.The key financial and event dates are summarized below:EventDateDetails...

Hitachi Energy India Announces Q4FY26 Results, Recommends Dividend, and Approves INR 2,000 Crore Capex for Greenfields Hitachi Energy India Limited announced the outcome of its Board of Directors meeting held on May 25, 2026, alongside the audited financial results for the fourth quarter (Q4FY26) and the full financial year (FY26) ended March 31, 2026.The Board approved the audited financial results and the Auditor's Report from M/s. S. R. Batliboi & Associates LLP, Statutory Auditors. The company also recommended a final dividend of Rs. 8/- (Rupees Eight only) per equity share, which constitutes 400% of the face value of Rs. 2/- per share, subject to shareholder approval at the Annual General Meeting (AGM).Key Financial and...

CONCOR Declares Final Dividend of Rs. 1.00 Per Share for FY 2025-26, Approves Annual Results Container Corporation of India Limited (CONCOR), a multi-modal logistics company and a Navratna CPSE of the Government of India, announced the approval of its Standalone and Consolidated Financial Statements for the year ending March 31, 2026. The Board of Directors also declared a final dividend for the financial year 2025-26.During its meeting on May 25, 2026, the Board approved the audited financial results, including segment-wise revenue, results, and capital employed for the quarter and year ended March 31, 2026, alongside the Cash Flow statement and Statement of Assets and Liabilities as of that date. The Board also received the...

Century Extrusions Reports Audited Financial Results and Updates Directors and Auditors Century Extrusions Limited announced the outcome of its Board of Directors meeting held on May 25, 2026. The meeting saw the approval and recording of the standalone audited financial results for the quarter and the full financial year ended March 31, 2026. The company also formalized key corporate governance updates, including the re-appointment of directors and the appointment of an internal auditor.The Board approved the standalone audited financial results, the statement of assets and liabilities, the cash flow statement, and the auditors' report, which provided an unmodified opinion on the financial results. Additionally, a notice for the 38th...

City Union Bank Approves Record Date for Bonus Securities Issuance City Union Bank Limited announced that its Board of Directors has approved the Record Date for the planned issuance of Bonus Securities. The approval is scheduled for June 1, 2026, to determine the eligibility of bank members for the Bonus shares, subject to the final approval of the shareholders.The Board meeting held on May 25, 2026, determined the specific details regarding the bonus share allotment.The details of the securities issuance are summarized below:SymbolType of SecurityRecord DatePurposeCUB on BSEEquityJune 1, 2026Issuance of Bonus shares in the ratio of 1:3 (i.e., 1 equity share for every 3 fully paid up equity shares held as on record date)...

Wipro Announces Buyback of Up to 60 Crore Shares at ₹250 Per Equity Share Wipro Limited announced a public buyback offer for its equity shares on May 25, 2026. The buyback aims to repurchase up to 60,00,00,000 fully paid-up equity shares of the company for an aggregate value of up to ₹ 1,50,00,00,00,000.The company, a leading AI-powered technology services and consulting firm, announced the plan in a public announcement providing detailed parameters for the buyback. The offer proposes purchasing shares at a fixed price of ₹ 250 per Equity Share, which has a face value of ₹ 2 each.The buyback is structured to be conducted through a tender offer process. The offer is predicated on the shares held by participants as of the Record Date...

Sat Kartar Life Limited Expands Business Scope into Advertising and Media Services Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has announced an expansion of its operational scope to incorporate advertising, branding, media planning, and allied promotional services. The proposed business expansion is described as being aligned with the company's existing focus on digital commerce, customer acquisition, brand-building, and marketing operations.The new business segment enables the company to expand its services to cover a comprehensive range of promotional media.According to the company's announcement dated 25 May 2026, the new scope involves carrying on the business of advertising. This includes the...

Deem Roll Tech Reports Financial Results for FY 2025-26; Company Secretary Resigns Deem Roll Tech Limited announced the approval of its audited financial results for the financial year ended March 31, 2026, following a Board of Directors meeting held on May 25, 2026. The company also reported the resignation of its Company Secretary and Compliance Officer.The Board meeting concluded with the approval of the Company’s audited financial results, including the statement of Assets and Liabilities and the Statement of Cash Flow, for the half year and year ended March 31, 2026. These results were accompanied by a Limited Review Report from the statutory auditors, M/s SN Shah & Associates, Ahmedabad.Audit Opinion and Financial Performance...

Patel Retail Limited Board Approves Audited Standalone Financial Results for FY 2025-26 Patel Retail Limited announced that its Board of Directors reviewed and approved the Audited Standalone Financial Statements for the financial year ended March 31, 2026. The approval, which occurred during the Board meeting held on Monday, May 25, 2026, included the Limited Review Results for the fourth quarter of FY 2025-26.The company confirmed that the financial results were audited by M/s. Kanu Doshi Associates LLP, Chartered Accountants, with the audit report issued on May 25, 2026.Financial Performance Highlights The audited financial statements provide a comprehensive overview of the company's performance across the quarters and the full...

Shah Metacorp Signs Strategic MOU with Strike Eco for Renewable Energy Investment Shah Metacorp Limited, an Ahmedabad-based manufacturer and exporter of stainless steel and mild steel long products, has entered a strategic association with Strike Eco Grid Private Limited. The move positions Shah Metacorp to expand its presence across the renewable energy and sustainable infrastructure markets.Under the proposed transaction, Shah Metacorp plans to acquire an initial stake of up to 26% in Strike Eco. This initial investment may be further increased up to 75% in subsequent phases, contingent on business performance, project execution, and mutual approvals.The equity investment marks the company's official entry into renewable energy...