Markets

Adani Enterprises Completes Implementation of Jaiprakash Associates Resolution Plan Adani Enterprises Limited announced the implementation of the Approved Resolution Plan for Jaiprakash Associates Limited (JAL). The plan was implemented on May 21, 2026, by certain implementing agencies.The resolution plan pertains to Jaiprakash Associates Limited, a company that was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Adani Enterprises Limited submitted the plan for the acquisition of JAL.The successful implementation follows key approvals and milestones. The plan, originally dated October 14, 2025, was reviewed and approved by the Hon'ble National Company Law Tribunal (NCLT)...

Dalmia Bharat Acquires 5.2 MnTPA Cement Capacity from Jaiprakash Associates in Central India Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has executed a Business Transfer Agreement to acquire a significant cement undertaking from Jaiprakash Associates Limited (JAL) and Adani Infra (India) Limited. The acquisition provides DCBL with 5.2 MnTPA cement capacity in the Central region.The Business Transfer Agreement was finalized on May 21, 2026, covering the Cement Undertaking comprised of plants located at Rewa (Madhya Pradesh), Churk, Chunar, and Sadwa (Uttar Pradesh). These assets include a total cement capacity of 5.2 MnTPA and a clinker capacity of 3.3 MnTPA. The total transaction is valued at an...

India Glycols Limited Files Application for Pre-Institution Mediation over Insurance Claim India Glycols Limited has filed an application for Pre-Institution Mediation and Settlement before the Delhi High Court. The legal action concerns the recovery of a significant claim against The New India Assurance Co. Limited.The dispute originated from an insurance policy issued by The New India Assurance Co. Limited to the company, which covered property damage, machinery breakdown, and consequential business interruption at various plant locations of India Glycols.In 2020, the company filed a claim with the insurer regarding damaged machinery and equipment at the Kashipur Plant, which was covered under the said insurance policy. However...

Promoter Announces Proposed Offer for Sale of Central Bank of India Shares The promoter of the Central Bank of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, has announced a significant proposed Offer for Sale (OFS) of the bank's equity shares through the stock exchange mechanism.The Promoter intends to sell shares to achieve the minimum public shareholding as prescribed under relevant regulations. The transaction involves the sale of multiple tranches of shares over two trading days, May 22, 2026, and May 25, 2026.The Offer for Sale covers three main components: the Base Offer Size, the Oversubscription Option, and an Employee Offer.Offer Structure and Share Details The...

Laxmi Dental Reports Consolidated Financial Results for FY26, Noting 21.9% YoY Revenue Growth in Q4 Laxmi Dental Limited, a leading integrated dental products company, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported robust growth figures, particularly noting a 21.9% year-over-year (YoY) increase in revenues for the fourth quarter (Q4FY26).The company’s performance report highlighted both the overall strong revenue trajectory and the positive impact of various operational efforts, despite facing a challenging macroeconomic environment and geopolitical challenges during the fiscal year.Consolidated Financial Results Highlights The audited results for the quarter and full...

Mphasis and ISB Collaborate to Establish 'AI Hub' for AI-Led Research in India Mphasis, a global AI-led, platform-driven technology solutions provider, and the Indian School of Business (ISB) have launched the 'Mphasis AI Hub'. This cross-functional collaboration is aimed at accelerating AI-led research, innovation, and capacity building for both societal and sectoral impact within India.The initiative is significantly supported by the Mphasis F1 Foundation, which will invest approximately INR 20 crore over four years in Phase 1 to advance research and applied AI solutions through the new hub.The dedicated AI research hub at ISB will serve as a platform for interdisciplinary research and multi-stakeholder collaboration. The...

Suraksha Diagnostic Records Healthy Growth, Driven by Increased Test Volumes and Realizations in FY26 Kolkata, 21 May 2026: Suraksha Diagnostic Limited, the largest integrated diagnostic chain in East India, announced its unaudited financial results for the quarter and full year ended 31 March 2026. The company reported robust financial performance, noting that its total income grew by 25% year-on-year and EBITDA grew by 26% year-on-year in Q4FY26.The company’s financial data for the full fiscal year and the fourth quarter paints a picture of consistent growth and network expansion.FY26 Financial Performance Snapshot Analyzing the key financial metrics reveals significant year-on-year growth across the board.ParticularsQ4 FY26Q4...

VL E-Governance & IT Solutions Reports Financial Results for FY 2025-26 VL E-Governance & IT Solutions Limited released its audited financial results and annual statements for the fiscal year ended March 31, 2026. The company provided comprehensive figures detailing its revenue, profitability, balance sheet position, and cash flows for the period.Financial Performance Summary (₹ in Lakhs) The Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026, highlighted the company's operational figures. Total Income for the year ended March 31, 2026, stood at 3,238.79. Year-over-year comparison showed that Total Income for the previous year ended March 31, 2025, was 3,068.86.Expenses recorded for the year ended...

Swelect Energy Systems Announces Financial Results for FY 2026 and Recommends Final Dividend Swelect Energy Systems Limited announced the approval of its financial results for the quarter and year ended March 31, 2026. The company also recommended a final dividend to its shareholders and appointed new auditors for the financial year 2026-2027.The Board of Directors held a meeting on May 21, 2026, and approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended March 31, 2026, and the Audited Financial Results (Standalone and Consolidated) for the Year ended March 31, 2026. The company confirmed that its Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, submitted an unmodified opinion on the Audited...

Vaibhav Global Limited Reports Strong Q4 FY26 Results Driven by Digital Growth and In-House Brands Vaibhav Global Limited (VGL), a global E-tailer of Fashion Jewelry, Lifestyle Products, Apparels, and Accessories, has announced its financial results for the fourth quarter and the year ending March 31, 2026. The company highlighted that digital expansion, the growing contribution of in-house brands, and operational discipline underpinned its strong fiscal year performance.VGL also recommended a final dividend of Rs. 1.50 per equity share, representing a 27% payout.Financial Performance Overview The company's financial performance for the quarter and the fiscal year reflects significant year-over-year growth across key metrics.The...

Freshara Agro Exports Limited Announces Audited Financial Results for FY 2026 Freshara Agro Exports Limited announced that its Board of Directors approved the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026. The Company also reported the audited financial results for the half year ended March 31, 2026.The statutory auditors issued an audit report providing an unmodified opinion on the financial results for the half year and the financial year ended March 31, 2026.Consolidated Financial Position (As of March 31, 2026) The Company's consolidated financial position, as of March 31, 2026, reflected a total equity and liabilities of 43,630.70 Rs. Lakhs.The consolidated Balance Sheet...

Shanti Gold International Limited Approves FY 2026 Quarterly and Annual Financial Results Shanti Gold International Limited announced that its Board of Directors, during a meeting held on May 21, 2026, considered and approved the Audited Financial Results for the quarter and year ended March 31, 2026. The results were also taken on record along with the Audit Report issued by the Statutory Auditors.The company operates in the business of Wholesale and Manufacturer of Gold Ornaments.Accounting Policy Change Implemented In addition to approving the financial results, the Board of Directors approved a voluntary change in the accounting policy for inventory valuation. The Company shifted its method from First-In-First-Out (FIFO) to the...

Total Transport Systems Approves Disinvestment of Stake in R N Freight Forwarders; Releases Audited Financial Results Total Transport Systems Limited announced the approval of its audited financial results for the quarter and financial year ended March 31, 2026, alongside a significant proposal to disinvest its entire stake in a subsidiary.The Board of Directors considered and approved the audited financial results for the quarter and financial year ended March 31, 2026.Disposal of Subsidiary Stake A key transaction approved by the Board was the proposal for the disinvestment of the entire 60% stake held by the company in R N Freight Forwarders Private Limited. Following this transaction, R N Freight Forwarders Private Limited will...

Rajgor Castor Derivatives Limited Reappoints Three Key Audit Firms for FY 2025-27 Rajgor Castor Derivatives Limited announced that its Board of Directors, during a meeting held on May 21, 2026, approved the re-appointment of three firms to conduct various statutory audits for the company.The board approved the re-appointment of M/s R. B. Tanna & Co., Chartered Accountants, as the Internal Auditor of the Company for the financial year 2026-27.Separately, the board also approved the re-appointment of M/s D R Radadiya & Co., Cost Accountants, to serve as the Cost Auditor for the financial year 2026-27.Additionally, for the financial year 2025-26, M/s Sachin Thakkar & Associates, Company Secretaries, were re-appointed as the...

Aurobindo Pharma Reports Q4 FY26 Results; Confirms Auditor Changes and Shares Data Aurobindo Pharma Limited announced key corporate updates and released its financial results for the fiscal year ending March 31, 2026. The Board of Directors also approved the reappointment of various auditors and detailed the company’s strategic activities, including a major business transfer and share buyback.Financial Performance Overview (Year Ended March 31, 2026) The company released comprehensive statements detailing both standalone and consolidated financial results.Consolidated Financial Highlights: The consolidated results for the year ended March 31, 2026, showed substantial growth across key financial metrics.ParticularsYear ended...

Indo Farm Equipment Limited Announces Audited Financial Results for Q1 and Full Year Ended March 31, 2026 Indo Farm Equipment Limited released its audited financial results for the quarter and full year ended March 31, 2026. The company's records show the financial performance details for both standalone and consolidated entities, providing insights into revenue, total income, and asset structure.Financial Highlights (Rs. in lakhs) The company reported significant figures across its income, expense, and profit metrics for the quarter ended March 31, 2026, and the full year ended March 31, 2026.The total income recorded was 12,954.11 lakhs for the quarter ended March 31, 2026, and 44,656.20 lakhs for the full year.Total expenses...

Chemcon Speciality Chemicals Approves Interim Dividend and Reports FY 2026 Results Chemcon Speciality Chemicals Limited announced several key corporate approvals following its Board of Directors meeting held on May 21, 2026. The board approved the audited financial results for the quarter and the full financial year ended March 31, 2026.The company confirmed that the Statutory Auditors, M/s Shah Mehta & Bakshi, issued an audit report providing an unmodified opinion on the Annual Audited Financial Results for the Financial Year ended March 31, 2026.Dividend and Governance Updates At the board meeting, the directors approved the payment of a first interim dividend of Rs. 6.50 per share. The dividend is based on a face value of Rs. 10...

Varun Beverages Limited Renews Exclusive Bottling Appointment and Trademark License with PepsiCo Varun Beverages Limited (VBL) has formalized a revised Exclusive bottling appointment and trademark license agreement for India (EBA) with PepsiCo Inc. and its affiliates (PepsiCo). The agreement was executed on May 21, 2026, at 19:00 hours IST.The revision of the EBA introduces significant changes to the operational scope and duration of the partnership.According to the details of the revised agreement, the tenure of the EBA has been extended up to April 30, 2049. This marks a substantial extension from the previously recorded term, which was set up to April 30, 2039.Furthermore, the scope of VBL's activities has been broadened. Under...

Datamatics Global Services Approves Amalgamation of Subsidiaries and Recommends Dividend Datamatics Global Services Limited announced significant corporate approvals on May 21, 2026, including the recommendation of a final dividend, the approval of a Scheme of Amalgamation involving two wholly owned subsidiaries, and the re-appointment of key directorial and auditing personnel.The company reported its Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, which were approved by the Board of Directors.Financial Results and Dividend Recommendation Following the board meeting on May 21, 2026, the Board recommended a final dividend of Rs. 5/- per equity share. This amount...

Shree Vasu Logistics Limited Appoints Anil Kumar Jhingan as Additional Independent Director Shree Vasu Logistics Limited announced that its Board of Directors, during a meeting held on May 21, 2026, approved the appointment of Mr. Anil Kumar Jhingan as an Additional Director.The Board, following a recommendation from the Nomination and Remuneration Committee, appointed Mr. Anil Kumar Jhingan (DIN: 11714796) to serve as a Non-Executive Independent Director. This appointment is effective from May 21, 2026, for a term of five consecutive years, concluding on May 20, 2031. The appointment is subject to the approval of the shareholders within three months from the date of appointment, and Mr. Jhingan shall not be liable to retire by...