Markets

Prime Cable Industries Releases Audited Financial Results for FY 2026 and H1 2026 Prime Cable Industries Limited (formerly Prime Cable Industries Pvt. Ltd.) announced the approval of its audited financial results for the half year and the full financial year ended March 31, 2026. The company’s Board of Directors considered and approved the financial results, along with the Independent Auditor’s Report on the said period.The company is engaged in the manufacturing of Low Voltage Control Cables, Power Cables, Aerial Bunch Cables, Instrumentation Cables, Housing/Building Wires, and Conductors, and currently operates solely within India.Financial Performance Overview The Standalone Audited Financial Results for the half year and...

RBI Underwriting Auction Signals ₹32,000 Crore G-Sec Sale on May 22; PDs Must Meet New Commitments The Reserve Bank of India (RBI) has announced a major underwriting auction for Government Securities (G-Secs), signaling the sale of ₹32,000 crore worth of debt instruments. The auction is scheduled for May 22, 2026, drawing interest from all Primary Dealers (PDs).This significant issuance will be conducted via an underwriting auction, requiring Primary Dealers to participate in both the Minimum Underwriting Commitment (MUC) and the Additional Competitive Underwriting (ACU) processes.Government Securities Auction Details and Schedule The auction, which utilizes a multiple price-based method, is set for Friday, May 22, 2026. The...

Balu Forge Industries Reports Cessation of Independent Director, Mr. Raghvendra Raj Mehta Balu Forge Industries Limited announced the cessation of Mr. Raghvendra Raj Mehta as an Independent Director. The change occurred after Mr. Mehta attained the age of 75 years.Previously appointed as the Independent Director for a period of five years, the tenure for Mr. Mehta was scheduled to run up to June 29, 2026. However, the director vacated his office on May 06, 2026, due to the statutory requirement upon reaching the age of 75 years.The company confirmed the change in directorship structure. For detailed records, the material facts concerning the director’s cessation have been structured below:ParticularsDetailsName of DirectorMr...

Hexaware Technologies Approves Acquisition of Consulting Professionals Services, Strengthening Client Base Hexaware Technologies Limited announced that its Board of Directors approved an agreement to acquire a client contract along with associated employees from Consulting Professionals Services Holdings Ltd and its subsidiary, Consulting Professionals Services Ltd (CPS). The acquisition will be facilitated through Hexaware Technologies UK Ltd.The target company, CPS, is positioned as a specialist technology consulting and professional services firm. It delivers high-value consulting, covering areas such as regulatory compliance, technology infrastructure, governance and risk, and business transformation. CPS primarily serves a FTSE...

Krystal Integrated Services Limited Announces E-voting for Special Business Approval Krystal Integrated Services Limited, formerly known as Krystal Integrated Services Private Limited, has initiated the process of seeking shareholder approval for special businesses through a Postal Ballot Notice. The company has mandated that all voting must be done exclusively via remote e-voting.The Postal Ballot Notice is available on the Company’s official website, providing detailed instructions for shareholders. Shareholders who do not have their email addresses registered with the Company, Depository, or Registrar to an Issue and Share Transfer Agent are being informed via web link regarding the notice's availability.E-voting Timeline and...

Happy Forgings Limited Announces Financial Results, Dividend Recommendation, and Solar Power Capacity Enhancement Happy Forgings Limited announced the outcomes of its Board Meeting held on May 21, 2026, releasing the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The Board approved the results, which were issued with an unmodified audit opinion by the Statutory Auditors, S R Batliboi & Co. LLP.The company also made key announcements regarding its governance, operational expansion, and dividend recommendations.Financial Results and Audit Confirmation The Board of Directors approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31...

Globe Enterprises Releases Audited Financial Results and Approves Governance Appointments Globe Enterprises (India) Limited today announced that its Board of Directors held a meeting on May 21, 2026, and approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026.The company's financial reporting package also confirmed the appointment of M/s. Mihir Thakkar & Associates, Chartered Accountants, as the Internal Auditor for the Financial Year 2026-2027. Furthermore, the statutory auditors issued a declaration confirming an Unmodified Audit Opinion on the standalone audited financial results for the year ended March 31, 2026.Consolidated Financial Performance Overview The audited...

Sun TV Network Announces Financial Results for the Quarter and Year Ended March 31, 2026 Sun TV Network Limited today announced its financial results for the quarter and year ended March 31, 2026. The company provided both standalone and consolidated financial statements, detailing performance metrics, revenue streams, and profitability.On a standalone basis, the company reported a Total Income of Rs. 941.67 crores for the quarter ended March 31, 2026, compared to Rs. 1,135.86 crores in the corresponding quarter of the previous year. For the full year ended March 31, 2026, the Total Income stood at Rs. 4,637.70 crores, marking a slight increase from Rs. 4,543.96 crores in the previous year.The Profit After Tax (after exceptional...

VA Tech Wabag Announces Financial Results for FY 2025-26 and Recommends Final Dividend VA Tech Wabag Limited announced its financial results for the quarter and financial year ended March 31, 2026, following a Board of Directors meeting held on May 21, 2026. The company also recommended a final dividend, reflecting its operational performance and financial resilience.The Board's announcement highlighted consistent growth in the water technology sector and provided key figures for the recently concluded financial year.Key Financial Results for FY 2025-26 The company reported strong top-line figures for the consolidated total income.MetricConsolidated Figures (Year Ended March 31, 2026)YoY ChangeTotal IncomeRs. 40,385 Mnup 21%...

Juniper Hotels Reports Strong Performance with Record Revenue in Q4 and Full Year FY26 Mumbai, 21 May 2026: Juniper Hotels Limited, a premier luxury focused hospitality company, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported robust growth across key metrics, with annual revenues reaching a record high.Q4 FY26 Financial Performance Snapshot The financial results show significant year-over-year growth in several key areas. The operational metrics for Q4 and the full fiscal year (FY26) are detailed below:Key Financial Highlights (INR Crs)ParticularsQ4 FY26Q4 FY25Y-o-YFY26FY25Y-o-YTotal Income306.8287.0+7%1,069.1975.610%EBTIDA (incl. other...

ICRA Limited Announces Final Dividend, Releases Audited Financial Results for FY 2026 ICRA Limited announced the release of its audited financial results for the fourth quarter and full year ended March 31, 2026. Following its Board of Directors meeting on May 21, 2026, the company also recommended a final dividend to its shareholders.The Board of Directors recommended a final dividend of Rs. 105 per equity share (face value Rs. 10 each) for the financial year ending March 31, 2026. This dividend includes a special dividend of Rs. 35 per equity share, designated to commemorate the company's 35th year of operation. The recommended dividend is expected to be paid on or before August 21, 2026, assuming approval at the Annual General...

Happy Forgings Reports Robust Growth in Q4 FY26, With Volumes Up 21% and Revenue Rising 20% Happy Forgings Limited, a prominent manufacturer of high-precision, safety-critical, heavy-forged, and machined components in India, announced its audited consolidated financial results for the quarter and full year ending March 31, 2026. The company reported strong execution in Q4 FY26, with significant year-over-year (YoY) increases across key metrics.The company’s financial performance demonstrated robust growth in the quarter, driven by increased volumes and improved operating efficiency.Financial Performance HighlightsThe audited consolidated Profit & Loss figures for the quarter and year ending March 31, 2026, are detailed below...

Emami Limited Reports Q4FY26 Results: Domestic Portfolio Shows 11% Growth Amid Global Headwinds Emami Limited, India's leading FMCG company, reported its audited financial results for the fourth quarter and full fiscal year ended March 31, 2026. While the consolidated figures saw declines due to seasonal and geopolitical factors, the company highlighted the resilience of its non-summer domestic portfolio and accelerated strategic investments into new-age consumer segments.The Board of Directors of Emami Limited met on Thursday, May 21, 2026, to review the quarterly performance. The company noted that despite temporary external headwinds, its underlying business fundamentals remain strong, positioning it for long-term growth...

Par Drugs and Chemicals Receives Intimation Order Under Income Tax Act; Company Initiates Rectification Process Par Drugs and Chemicals Limited reported on May 21, 2026, that it received an Intimation Order from the Income Tax Department under Section 143(1) of the Income Tax Act, 1961. The order detailed certain additions and disallowances made to the company's taxable income.According to the company, the Intimation Order required additions/disallowances aggregating to Rs. 58,78,360/- to the taxable income. This resulted in an initial tax demand of Rs. 14,79,466/- and associated interest of Rs. 5,29,563/-, totaling a preliminary demand of Rs. 20,09,030/-.The Intimation Order was downloaded by the company on May 21, 2026, at 12:15...

Durlax Top Surface Limited Reports Financial Results and Details Utilization of Rights Issue Proceeds Durlax Top Surface Limited reported its annual audited standalone financial results and provided a statement regarding the utilization of funds raised through a recent Rights Issue. The Board of Directors approved the results during a meeting held on May 21, 2026.The company disclosed that for the half year and year ended March 31, 2026, the Statutory Auditor, M/s. N.K. Mittal & Associates, issued an Audit Report with an unmodified opinion on the financial statements.Financial Results Highlights The audited standalone financial results for the half year and year ended March 31, 2026, showed significant activity across key financial...

IIFL Finance Limited Pays ₹3,10,000 Penalty to RBI for Non-Compliance IIFL Finance Limited recently addressed a penalty imposed by the Reserve Bank of India (RBI) concerning non-compliance with specific banking regulations. The company confirmed that it paid the stipulated penalty to the RBI on May 16, 2026.The penalty was levied by the RBI vide an order dated May 11, 2026, for non-compliance with certain provisions of the 'Master Direction- Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023'.Details of the Penalty and Non-Compliance The penalty was imposed by the RBI under powers conferred on it via section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934...

Mega Flex Plastics Details Tax Litigation Update Following Calcutta High Court Ruling Mega Flex Plastics Limited has provided details concerning a material litigation dispute related to the classification and taxation of its products, following a judgment passed by the Calcutta High Court.The legal dispute centers on the GST classification of polypropylene leno bags. The company initially had to make a payment of Rs. 6,57,38,093/- under protest, concerning a differential GST amount. This payment was necessitated by an order dated 25-10-2018 from the West Bengal Appellate Authority for Advance Ruling, which classified PP Leno Bags under Heading 63053300 (taxed at 5% or 12%), rather than the company's preference for Chapter Heading...

DCM Shriram International Approves FY 2026 Results and Recommends Final Dividend DCM Shriram International Limited announced key corporate resolutions following its Board meeting held on May 21, 2026. The Board approved the Annual Financial Statements and the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. Additionally, the directors recommended a final dividend for the financial year 2025-26.The company also set the date for its 4th Annual General Meeting (AGM) on Thursday, July 16, 2026, which will be held via Video Conference/Other Audio-Visual Means.Key Financial Approvals and Dividend During the board meeting, the company’s Audit Committee recommended and the Board approved...

Namo Ewaste Management Limited Announces Audited Financial Results for Half Year and Year Ended March 31, 2026 Namo eWaste Management Limited announced the outcome of its Board of Directors meeting held on May 21, 2026, and submitted the audited Standalone and Consolidated Financial Results for the half year and the year ended March 31, 2026.At the Board meeting, the company considered and approved several key corporate matters. These approvals included the audited Standalone and Consolidated Financial Results and Statements for the half year and year ended March 31, 2026, which carried an unmodified opinion from the Statutory Auditors.Operationally, the Board also approved the appointment of CA Saket Agarwal (M. No. 439183) as the...

RCF Board Approves 13.40% Final Dividend Amid Record Performance for FY26 Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India Undertaking, announced its financial results for the quarter and year ended March 31, 2026. The Board of Directors reviewed and approved the audited financial results, simultaneously recommending a final dividend of 13.40% on the paid up equity share capital for the fiscal year 2025-26.The Board meeting, held on May 21, 2026, also saw the company's statutory auditors issue an unmodified opinion on the consolidated and standalone financial statements for the period. The final dividend recommendation of Rs. 1.34 per equity share (of Rs. 10 each) remains subject to the approval of the...