Markets

Mangalam Worldwide Limited Receives In-Principle Approval for Direct Listing on BSE Mainboard Mangalam Worldwide Limited announced that it received In-Principle approval for the direct listing and trading of its Equity Shares on the BSE Mainboard Platform.The company confirmed that the approval was granted by BSE Limited on May 22, 2026. This approval allows for the direct listing and subsequent trading of Mangalam Worldwide Limited's Equity Shares on the specified platform.The announcement, made on May 23, 2026, details the company's progress toward listing its equity shares, marking a significant development in its corporate structure.MWL Stock Price Movement Mangalam Worldwide Limited shares on Friday slipped by 0.41% to settle...

R.P.P. Infra Projects Limited Secures Work Order from SIPCOT for Hard Rock Material Removal R.P.P. Infra Projects Limited has secured a new work order from the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT). The contract involves the removal of retrieved hard rock materials at the SIPCOT Industrial Park in Shoolagiri.The acceptance of the tender confirms the award of work for the removal of retrieved hard rock materials at SIPCOT Industrial Park, Shoolagiri. The total value of the work order stands at Rs. 5,13,00,000 (Rupees Five crores Thirteen lakhs only), which includes all applicable GST.The contract award is a domestic transaction. According to the details provided, the execution timeline for the contract...

S&S Power Reports All-Time High Revenue, Details Three-Year Strategic Plan Implementation S&S Power Switchgears Limited reported significant operational strides, including an all-time high revenue and sustained growth in new orders, emphasizing the launch of a comprehensive three-year strategic plan. The company, which celebrates over 60 years of legacy, highlighted the strong performance across key financial metrics for the recent quarters.The group announced that the financial year 2026 was the inaugural year of a dedicated three-year strategic plan. This plan involves implementing a comprehensive capital expenditure (capex) approach that spans products, personnel, technology, and systems. Management confirmed that this strategic...

Aviva International Holdings Secures 100% Control of India Unit; CCI Grants 'Green Channel' Clearance Aviva International Holdings Limited (AIH) has successfully navigated regulatory hurdles to acquire full ownership of its Indian subsidiary, Aviva Life Insurance Company India Limited (Aviva India). The Competition Commission of India (CCI) issued a Green Channel Notice for the proposed combination, paving the way for AIH to consolidate its stake and take complete management control.The ruling, dated May 23, 2026, confirms the transaction under the Green Channel route, signaling that the proposed acquisition will not affect the competitive market landscape in India.Stake Acquisition and Proposed Combination Details The transaction...

Dolat Algotech Limited Pays Penalty of Rs. 1,18,000 to NSE Clearing for Position Limit Violation Dolat Algotech Limited has confirmed receipt of a penalty notice from NSE Clearing Limited (NCL) related to trading activities. The fine stems from an increase in existing or creation of new positions in an underlying security after the market-wide open interest crossed 95% of the prescribed market-wide position limit.The company reported receiving the direction from the clearing corporation on May 22, 2026.According to the details provided, the penalty levied by NCL amounts to Rs. 1,18,000/-. This total penalty is composed of a basic fine of Rs. 1,00,000/- and an additional GST component of Rs. 18,000/-.The violation pertains to an...

RBI Imposes Penalty of ₹10.10 Lakhs on City Union Bank for Non-Compliance City Union Bank Limited has confirmed that the Reserve Bank of India (RBI) levied a monetary penalty against the bank. The penalty resulted from a Statutory Inspection for Supervisory Evaluation conducted as of March 31, 2025.The RBI issued the charges on May 22, 2026, citing two main areas of non-compliance. The violations included the practice of levying loan related charges on certain agriculture priority sector loans up to ₹25,000/-. Additionally, the bank failed to report Self Help Group member level data to Credit Information Companies.The cumulative penalty assessed by the RBI for these contraventions totals ₹10.10 lakhs (Rupees Ten Lakh Ten Thousand...

Gujarat Ambuja Exports Limited Announces Cessation of Independent Director's Tenure Gujarat Ambuja Exports Limited announced that Ms. Maitri Kirankumar Mehta will cease to be a Director of the Company. This change follows the completion of her second term as an Independent Director.The company confirmed that Ms. Maitri Kirankumar Mehta (DIN: 07549243) is completing her second tenure as an Independent Director of Gujarat Ambuja Exports Limited. Her position as a Director of the Company will consequently cease with effect from May 24, 2026.The intimation detailing the change of directorship was issued on May 23, 2026, by the company. The notice was signed by Kalpesh Dave, Company Secretary for Gujarat Ambuja Exports Limited.GAEL...

Tata Communications Forms Wholly Owned Subsidiary in Türkiye for IT Solutions Tata Communications Limited has incorporated a new wholly owned step-down subsidiary in the Republic of Türkiye, marking an expansion of its services in the region. The new entity is TComm Turkey Dijital Çözümler Limited Şirketi, known as TComm Turkey Digital Solutions LLC.The Certificate of Incorporation for TComm Turkey Digital Solutions LLC was received on May 22, 2026.TComm Turkey Digital Solutions LLC will operate in the Information Technology sector. The subsidiary's core business involves providing non-telecommunications services, including system and platform integration services for Internet of Things (IoT) solutions. Furthermore, it will offer IT...

Baazar Style Retail Opens New Store in Harnaut, Bihar; Total Stores Reach 273 Baazar Style Retail Limited, the company formerly known as Baazar Style Retail Pvt. Ltd., has expanded its retail footprint, opening a new Style Baazar store in Harnaut, Bihar.With this addition, the company reported that its total number of stores now stands at 273.The expansion signals continued growth for the fashion retailer, reinforcing its physical presence across new markets.STYLEBAAZA Stock Price Movement On Friday, Baazar Style Retail Limited shares edged higher by 0.47% to close at ₹343.65. The stock settled on solid buying interest, closing the session with a total volume of 530,946 shares traded.

Federal Bank Appoints Elias George as Part Time Chairman with Three-Year Term The Federal Bank Limited has announced the appointment of Mr. Elias George as its Part Time Chairman. The Board received approval for the appointment from the Reserve Bank of India (RBI) vide a letter dated May 22, 2026.Mr. Elias George, holding DIN: 00204510, officially took charge as Part Time Chairman of the Bank with effect from May 23, 2026. His tenure as Part Time Chairman has been approved for a period of three years.In terms of corporate governance, the Bank confirmed that Mr. Elias George is not related to any other Director or Key Managerial Personnel. Furthermore, the Bank confirmed that he is not debarred from holding the office of director by...

Tinna Rubber And Infrastructure Limited Confirms Additional Investment of ₹ 15 Crores in Joint Venture Tinna Rubber and Infrastructure Limited has clarified details concerning an additional investment planned for its Joint Venture, Mbodla Investments (Pty) Ltd, in South Africa. The update pertains to the outcome of the company's Board of Directors meeting held on May 22, 2026.The company issued the clarification to address an inadvertent clerical error noticed in a previous announcement regarding the proposed financial outlay.The material confirmation outlines that the Board approved an additional investment for M/s. Mbodla Investments (Pty) Ltd, which serves as a Joint Venture of Tinna Rubber and Infrastructure Limited. This...

Dreamfolks Services Limited Approves Grant of 1,98,000 Employee Stock Options Dreamfolks Services Limited announced on May 23, 2026, that its Nomination and Remuneration Committee approved the grant of a significant tranche of employee stock options. The approval was granted during the committee meeting held on the same day.The company approved the grant of 1,98,000 (One Lakh Ninety-Eight Thousand) Employee Stock Options. These options fall under the existing Dreamfolks Employee Stock Option Plan 2021 (Dreamfolks ESOP 2021) and are convertible into an equal number of Equity Shares of the company, each having a face value of Rs. 2/-.The details of the options grant provide a clear structure for the employees involved. Under the...

Yatra Online Reports 27.2% Revenue Growth, 53.2% EBITDA Increase for FY26 Yatra Online Limited, a leading corporate travel services provider and one of India's top online travel companies, announced its audited Standalone and Consolidated Financial Results for the fourth quarter and the full fiscal year (FY26) ended March 31, 2026.The company reported substantial growth across key financial metrics for FY26, driven by strong operational performance despite macro headwinds.FY26 Consolidated Financial Highlights Yatra Online Limited reported robust growth across its core financial parameters for the full fiscal year 2025-2026.MetricValueYear-over-Year (YoY) GrowthRevenueINR 10,065 Mn27.2%Gross Margin (RLSC)INR 4,824 Mn24.5%...

Gokaldas Exports Reports 4% YoY Growth in Total Income for FY26, Maintaining EBITDA Margins Amid Tariff Challenges Gokaldas Exports Limited announced its financial results for the quarter and year ended March 31, 2026, showing a total income of Rs. 4,065 crores for the fiscal year, representing a 4% year-over-year (YoY) growth. The company reported that its EBITDA margin was maintained at 10.7% for FY26, despite facing headwinds from US tariffs.In the fourth quarter (Q4FY26), Gokaldas Exports recorded a total income of Rs. 1,087 crores, which marked a 5% YoY growth. While the total income from India grew by 2% YoY despite tariff challenges, the company’s Africa business demonstrated strong expansion, posting a 17% YoY growth.The...

Yatra Online Limited Approves FY2026 Standalone and Consolidated Financial Results Yatra Online Limited announced on May 23, 2026, that its Board of Directors, during a meeting held on May 22, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company also noted that the Statutory Auditors completed their independent audit of the results, issuing reports with an unmodified opinion.The audited financial results for both the standalone and consolidated entities are available, providing a comprehensive view of the company’s financial performance and position.Financial Highlights The Standalone Annual Financial Results for the year ended March 31, 2026, reflect a...

Godavari Biorefineries Reports Q4 FY26 Financial Results Amid Industry Headwinds Godavari Biorefineries Ltd., a pioneer in manufacturing bio-based specialty chemicals and one of India's largest ethanol producers, has announced its financial results for the quarter and year ended March 31, 2026. The reported results provide a snapshot of the company's performance across its diverse portfolio in the face of industry challenges.Q4 FY26 Financial Performance Overview The company reported total income of Rs. 570.0 Cr for Q4 FY26. Analyzing the consolidated financial data reveals the following performance indicators:Particulars (Rs. Cr)Q4 FY26Q4 FY25Y-o-YQ3 FY26Q-o-QFY26FY25Total Income570.0588.8(3.2%)461.923.4%2000.21886.9...

TCC Concept Reports Strong FY26 Financial Results Amid Portfolio Expansion Pune, May 23, 2026: TCC Concept Limited, a technology and innovation-driven enterprise, today announced its Audited Financial Results for the quarter and year ended March 31, 2026. The company has established a diversified portfolio across PropTech, infrastructure, digital platforms, and consumer ecosystems.Consolidated Financial Overview The financial results demonstrate significant year-over-year growth across key metrics. The company's consolidated financial performance for FY26 saw Revenue from operations reach ₹1,793.9 Mn. EBITDA grew to ₹1,242.7 Mn, while Profit After Tax (PAT) reached ₹648.2 Mn.The performance data for TCC Concept Limited across key...

S Chand And Company Limited Sets Record Date for Interim Dividend Payment S Chand And Company Limited announced that its Board of Directors, during a meeting held on Friday, May 22, 2026, has fixed the necessary timelines for the payment of an Interim Dividend.The company established the record date for the dividend to be Friday, May 29, 2026.The payment of the Interim Dividend is scheduled to commence from June 08, 2026.For quick reference, the key dates related to the Interim Dividend declaration by S Chand And Company Limited are as follows:EventDateBoard Meeting DateFriday, May 22, 2026Record Date for DividendFriday, May 29, 2026Dividend Payment Start DateJune 08, 2026SCHAND Stock Price Movement On Friday, S...

MAS Financial Services Limited Raises ₹360 Crore Through NCD from Dutch Development Bank FMO MAS Financial Services Limited (MAS Financial), a specialized Non-Banking Financial Company (NBFC) focused on MSME financing, has announced the issuance of Senior Secured, Listed Non-Convertible Debentures (NCDs) amounting to ₹360 Crore. The funds were secured from FMO, the Dutch Entrepreneurial Development Bank, on May 20, 2026.The NCDs are listed on BSE Limited and carry a tenure of five years. MAS Financial stated that the capital raised through this issuance is specifically designated for allocating funds towards promoting financial inclusion, targeting women-owned or women-led SMEs, youth-owned or youth-led SMEs, and/or Rural SMEs...

The Ramco Cements Reports Standalone Audited Results for FY26 The Ramco Cements Limited announced its standalone audited results for the fiscal year 2026. The company reported a net revenue of Rs. 9,056 crores for FY26, marking a 6% growth compared to Rs. 8,539 crores recorded during FY25.For FY26, the total sale volume, including construction chemicals, reached 18.81 million tons, a marginal growth of 2% over the 18.50 million tons recorded in FY25. Although cement capacity utilization slightly decreased to 74% in FY26 from 77% in FY25, this was attributed to the increase in capacity by 2 MTPA during February 2026.Key Financial Highlights for FY26 The company’s performance showed significant growth in key operating metrics. EBITDA...