Markets

Kundan Edifice Limited Receives Order Schedule of INR 1.60 Crore from Orient Electric Limited Kundan Edifice Limited announced the receipt of confirmed order schedules from Orient Electric Limited, totaling approximately INR 1.60 Crore. The scheduled supplies are set to be executed during May 2026.The confirmed order schedules relate to Kundan Edifice Limited's lighting and electronics product portfolio. The products covered include LV Flex (Strip Lights), HV Flex (Rope Lights), and Rectifiers.The receipt of this substantial order visibility provides details regarding planned production and dispatches for the relevant period. The company noted that the engagement reflects continued business activity within the lighting product...

Picturepost Studios Limited Appoints Prateek Tekriwal as Additional Director Picturepost Studios Limited announced on May 21, 2026, that its Board of Directors approved the appointment of Mr. Prateek Tekriwal as an Additional Director.The appointment was made effective from May 21, 2026. Mr. Prateek Tekriwal will serve in the capacity of Non-Executive Non-Independent Director and will be liable to retire by rotation, pending shareholder approval.The board meeting, which took place on Thursday, May 21, 2026, commenced at 3 PM and concluded at 5:30 PM.Director Profile and Key Details Mr. Prateek Tekriwal brings over 15 years of rich experience to the board. His extensive expertise lies within the textile industry, covering areas...

Nupur Recyclers Reports Strong Growth in Q4, Bolsters Portfolio with Tycod Autotech Acquisition Nupur Recyclers Limited announced its financial results for the quarter and year ended March 2026, highlighting continued growth across its operations and strategic expansion into diversified manufacturing segments.The company reported strong financial performance, with significant growth noted in total income and profitability compared to the previous year.Quarterly Financial Performance For the quarter ended March 2026, the financial highlights show robust growth compared to the corresponding period of the previous year.MetricMarch 2026March 2025GrowthTotal Income₹ 6,046.86 Lacs₹ 3,913.06 Lacs54.53%PBT (Profit Before Tax)₹...

Niraj Cement Structurals Approves Annual Financial Results and Reappoints Key Directors Niraj Cement Structurals Limited held its Board of Directors meeting on May 21, 2026, where the board considered and approved the company’s audited financial results for the quarter and financial year ended March 31, 2026. The board meeting also addressed the re-appointment of key personnel, including auditors and an Independent Director, and approved the associated postal ballot notices.The board's decisions included the re-appointment of M/s. Sanjay K. Lodha & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. Additionally, M/s. P.K. Verma & Co., Cost Accountant, was re-appointed as the Cost Auditor for...

Eicher Motors and Volvo Group Form Joint Venture to Enter Financial Services Sector Eicher Motors Limited (EML) and Volvo Group announced an intent to establish a 50:50 Joint Venture focusing on financing, leasing, and other financial services in India. EML’s Board has approved an investment of up to Rs. 750 Crores to subscribe to a 50% equity stake in Volvo Financial Services (VFS) India.This proposed Joint Venture will serve as the dedicated captive financing arm for products sold by VECV, EML, and Volvo Group in India.Siddhartha Lal, Chairman of Eicher Motors Ltd., highlighted that the new venture expands the highly successful 18-year partnership between Eicher and Volvo Group into the vehicle financing business. Lal stated that...

Shree Karni Fabcom Limited Announces Audited Financial Results and Recommends Dividend Shree Karni Fabcom Limited announced on May 21, 2026, the approval of its audited Standalone and Consolidated Financial Results for the half and full financial year ended March 31, 2026. The company's Board of Directors also recommended a final dividend for the previous fiscal year.The Board meeting considered and approved the financial results, along with the Limited Review Report from the auditor, for the specified periods. The company also declared that the statutory auditors issued an audit report on the standalone and consolidated audited financial statements for the half and financial year ended March 31, 2026, with an unmodified opinion.In...

Flair Writing Industries Announces Final Dividend Recommendation and Key Personnel Reappointments Flair Writing Industries Limited recently announced key outcomes from its Board of Directors meeting held on May 21, 2026. The announcements include the recommendation of a final dividend, the release of audited standalone and consolidated financial results for the year ended March 31, 2026, and the re-appointment of key personnel, including Whole-time Directors and the Internal Auditor.Dividend Recommendation The Board of Directors recommended a final dividend of 10%, equivalent to Rs. 0.50 per equity share of Rs. 5 each, for the financial year ended March 31, 2026. This dividend is subject to the subsequent approval of the company's...

Rajgor Castor Derivatives Limited Approves Audited Financial Results and Appoints Statutory Auditors Rajgor Castor Derivatives Limited announced on May 21, 2026, the outcomes of its Board Meeting. During the meeting, the Board of Directors approved the Audited Financial Results, along with the Auditors' Report, for the half year and the full financial year ended March 31, 2026.The company also utilized the opportunity to approve the appointment of various auditors for the upcoming financial years. The Board ratified the appointment of M/s. R. B. Tanna & Co. as the Internal Auditor, M/S D R Radadiya & Co., Cost Accountants, as the Cost Auditor, and M/S Sachin Thakkar & Associates, Company Secretaries, as the Secretarial Auditor for the...

Sharda Motor Announces Annual Financial Results for FY 2025-26; Recommends Rs. 20 Dividend Sharda Motor Industries Limited today announced its audited financial results and the outcome of its Board of Directors meeting held on May 21, 2026. The company reported strong financial performance for the year ended March 31, 2026, and recommended a final dividend of Rs. 20 per equity share for the financial year 2025-26.The company provided both standalone and consolidated financial results for the full year. The results were reviewed and approved by the Board of Directors, and the statutory auditors issued an unmodified opinion on the audited financial statements.Key Financial Highlights for FY 2025-26 The annual financial results for the...

Vintage Coffee and Beverages Limited Reports Strong Performance in Q4 FY26, Announces Major Capacity Expansion Vintage Coffee and Beverages Limited reported robust financial results for the fourth quarter and the full financial year ended March 31, 2026. The company detailed significant year-over-year growth in revenue, operating profit, and profit after tax, alongside major updates regarding its manufacturing capacity expansion plans.Financial Results for Q4 FY26 and FY26For the fourth quarter (Q4 FY26), the company posted consolidated revenue of ₹ 165.31 Crores, an operating profit of ₹ 31.73 Crores, and profit after tax (PAT) of ₹ 21.01 Crores. These figures reflect quarter-on-quarter growth of 57%, 68%, and 34%, respectively...

Credo Brands Board Approves Financial Results, Recommends ₹2 Dividend; Reappoints Chairman Credo Brands Marketing Limited announced significant updates following its Board of Directors meeting held on May 21, 2026. The Board approved the Audited Standalone Financial Statements for the year ended March 31, 2026, and the audited standalone financial results for the quarter and year ended March 31, 2026.In a key governance decision, the Board also recommended a dividend of ₹ 2.00 per equity share of ₹ 2 each for the financial year ended March 31, 2026.Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Kamal Khushlani as the Chairman and Managing Director...

Rossell India Limited Announces Financial Results, Dividend Recommendation, and Director Changes Rossell India Limited announced the outcome of its Board Meeting held on May 21, 2026, detailing the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The Board also recommended a dividend and announced key changes to its Board of Directors, including the retirement of Mr. Nirmal Kumar Khurana and the appointment of Mr. Digant Mahesh Parikh.Financial Performance for FY 2025-2026 The company released its audited financial results for the fourth quarter and the year-to-date period ending March 31, 2026, along with an Auditor's Report.According to the published statements, the company recorded the...

Samhi Hotels Limited to Issue Deed of Guarantee for Subsidiary's Loan Facility Samhi Hotels Limited announced that it will execute a Deed of Guarantee and Undertaking in favor of Citibank N.A., India. This guarantee relates to a loan facility being availed or to be availed by Samhi Hotels (Ahmedabad) Private Limited, the company's wholly owned subsidiary.The Deed of Guarantee and Undertaking aims to secure the loan facility for the subsidiary. The execution of these documents involves the Company providing certain assurances regarding the subsidiary's obligations and guaranteeing the repayment of all amounts due under the facilities.The facility, referenced as 'Facilities,' is set up through a rupee facilities agreement entered into...

Bikaji Foods Announces FY 2026 Financial Results, Dividend Recommendation, and Strategic Investments Bikaji Foods International Limited announced the outcomes of its Board Meeting held on Thursday, May 21, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, alongside several strategic investments, key personnel appointments, and a recommendation for a final dividend.Financial Results and Dividend The Board approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026. The approval included the Statement of Assets and Liabilities as at March 31, 2026, and a Statement of Cash Flow for the financial year...

Datamatics Reports 15.3% YoY Revenue Growth to ₹ 1,987.2 crore in FY26 Datamatics Global Services Ltd., a global provider of Digital Technologies, Operations, and Experiences, announced its standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026. The company reported a 15.3% year-on-year (YoY) revenue growth to ₹ 1,987.2 crore. Total EBITDA reached ₹ 371.6 crore, marking a 62.1% YoY increase.During the commentary, Rahul Kanodia, Vice Chairman and CEO, highlighted the robust performance in FY26. He noted that the company achieved its highest EBITDA margin in its history at 18.7%. Kanodia emphasized the increased customer interest in the company's Artificial Intelligence (AI) solutions. He...

Navneet Education Limited Fixes Record Date for Second Interim Dividend for FY2025-26 Navneet Education Limited announced that Wednesday, June 03, 2026, has been fixed as the Record Date. This date is critical for determining the names of shareholders eligible to receive the second interim dividend for the financial year 2025-26.The decision regarding the dividend was taken by the company's Board of Directors during a meeting held on Thursday, May 21, 2026.The Board declared a second interim dividend of Rs. 1.50 per equity share. The dividend represents 75% of the face value of Rs. 2 per equity share.The key details regarding the dividend declaration and the fixed Record Date are as follows:DetailValueCompanyNavneet...

R Systems International Limited Receives 'Adequate' ESG Rating from CRISIL ESG R Systems International Limited announced that CRISIL ESG Ratings & Analytics Limited assigned the company an ESG rating based on publicly available data and disclosures. The rating assessment relates to the financial year ended December 31, 2024.The rating, assigned by CRISIL ESG, is reported as 'CRISIL ESG 54 (Adequate)'.The company stated that the rating was independently assigned by CRISIL ESG, noting that R Systems International Limited had not engaged the agency for this specific assessment. The evaluation utilized disclosures made by the company for the financial year ended December 31, 2024, alongside other data available in the public domain...

Aurum PropTech Becomes Debt-Free Following Sale of Navi Mumbai Buildings, Targets AI-Native PropTech Future Aurum PropTech Limited has successfully completed the sale of Buildings Q5 and Q6 located at the TTC Industrial Area, Mahape, Navi Mumbai. The transaction, which generated a total consideration of ₹ 112 Crores, has seen the company repay its Lease Rental Discounting (LRD) facility, positioning Aurum PropTech as a debt-free entity.The sale of the buildings, situated at MIDC, MBP-1, Plot Nos. P-136 and 136/1, resulted in the immediate prepayment of the company's LRD facility. The substantial proceeds from this sale significantly strengthen the company’s balance sheet and enhance its financial footing for future growth initiatives...

Man Industries Completes Acquisition of 100% Stake in Saudi Arabia's National Pipe Company Man Industries (India) Limited announced the completion of the acquisition of a 100% equity stake in National Pipe Company Limited (NPC), located in the Kingdom of Saudi Arabia. The transaction was executed by Man International Steel Industries Company (MISIC), a wholly owned subsidiary of Man Industries, at an estimated total cost of USD 102 Million, which is approximately INR 1,000 Crores.The acquisition, reported following the Board of Directors meeting on May 21, 2026, solidifies Man Industries' global presence in the pipe manufacturing industry.Profile of National Pipe Company Limited (NPC) NPC is an established API manufacturer...

Happy Forgings Announces 47th AGM on July 27; Declares Final Dividend of Rs. 4 Per Share Happy Forgings Limited has announced that its 47th Annual General Meeting (AGM) is scheduled for Monday, July 27, 2026. The meeting will take place at 11:30 A.M. (IST) and will be held via Video Conferencing (VC) or other Audio -Visual Means (OAVM).The company also declared a final dividend of Rs. 4 per Equity Share, which has a face value of Rs. 2 each, for the financial year ended March 31, 2026. This dividend, as recommended by the Board of Directors, is slated for payment within 30 days following the date of the AGM.Dividend and Record Date Details The payment of the final dividend is linked to the records of beneficial owners and physical...