Markets

DEE Development Engineers Reports Stellar Q4 FY26 Results, Sees 38% Revenue Growth DEE Development Engineers Limited, a leading engineering company specializing in customized process piping solutions, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported robust financial performance, driven by healthy execution momentum in the piping segment, particularly within the Oil & Gas and Power sectors.On May 21, 2026, the company highlighted that its revenue for the fiscal year 2026 stood at ₹ 1,142 Cr, marking a 38% Year-over-Year (YoY) growth. Operating EBITDA surged by 54.5% YoY to ₹ 191.2 Cr, and Profit After Tax (PAT) grew by 76.9% YoY to ₹ 77.2 Cr.The company reported a strong...

GE Power India Forges Strategic Agreements with Quality Profiles for Dedicated Manufacturing Facility GE Power India Limited has established a strategic partnership with Quality Profiles Private Limited (QPPL) through the signing of two major agreements, effective May 20, 2026. These arrangements solidify a dedicated operational and manufacturing base for specialized repair and refurbishment services.The agreements signed are a Leave and License Agreement (L&L Agreement) and a Contract Manufacturing Agreement (CMA). Under the L&L Agreement, GE Power India Limited grants QPPL the right to use specified land, sheds, and related infrastructure in Vadodara. This facility will facilitate the setup of operations and specialized...

E To E Transportation Infrastructure Announces FY 2026 Audited Results and Director Re-appointments E To E Transportation Infrastructure Limited announced the outcomes of its Board meeting held on May 21, 2026. The Board approved the audited financial results (both standalone and consolidated) for the half year and the full year ended March 31, 2026. Additionally, the Board approved the re-appointment of Non-executive Directors Mr. Vinay Rao and Mr. Anshul Gupta, who are retiring by rotation and who offered themselves for re-appointment, subject to member approval at the ensuing 17th Annual General Meeting (AGM).The company's statutory auditors, M/s. R Singhwi & Associates, Chartered Accountants, issued an audit report confirming an...

Juniper Hotels Limited Approves Strategic Acquisition and Approves Financial Results for FY2026 Juniper Hotels Limited announced several key corporate developments following its Board of Directors meeting held on May 21, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the fourth quarter and financial year ended March 31, 2026. Furthermore, the company greenlit the acquisition of 100% equity share capital of Juniper Hospitality Assets Private Limited (JHAPL), which will subsequently become a wholly-owned subsidiary of the company.The company will enter into a Share Purchase Agreement (SPA) with JHAPL and its existing shareholders to finalize the acquisition.Financial Performance Snapshot The...

Platinum Industries Limited Unit at Palghar Commences Full Commercial Operations Platinum Industries Limited announced on May 21, 2026, that the manufacturing unit at Palghar has achieved full operational status following the commencement of commercial production at its remaining facility.The company reported that commercial production of the remaining manufacturing facility, located at Gut No. 496/2 & 560/2, Old Satpati Road, Shirgaon village, Palghar-401404, Maharashtra, began with effect from May 21, 2026. The establishment of this facility was listed as one of the core objectives of the Company's Initial Public Offer.The commencement of the remaining facilities marks a significant milestone for the company. Previously, partial...

WeWork India Reports Record FY26 Results, Achieving Net Debt Negative Status and High Occupancy WeWork India Management Limited, the industry leader in the flexible workspace sector, announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company closed its first listed financial year at record highs across both its operational and financial metrics.For the fiscal year 2026, the company reported a total revenue of ₹ 2,477.4 Cr, marking a 23.4% year-over-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹ 499.2 Cr, while profit after tax (PAT) reached ₹ 179 Cr.The fourth quarter (Q4) itself demonstrated strong performance, with revenue...

Sheetal Cool Products Reports Audited Financial Results for FY 2025-26; Gains ₹2,594.20 Lakh in Profit Before Tax Sheetal Cool Products Limited announced the approval of its standalone audited financial results, along with the statement of assets and liabilities, and cash flow statement for the quarter ended and the financial year ended March 31, 2026. The Board of Directors approved these results during a meeting held on May 21, 2026.The company's financial reports confirm a profit before tax of ₹2,594.20 Lakh for the financial year 2025-26. The quarterly results show key financial metrics, backed by an unmodified audit opinion from the statutory auditors.The consolidated financial results for the year ended March 31, 2026...

Gujarat Raffia Industries Declares Financial Results for the Quarter and Year Ended March 31, 2026 Gujarat Raffia Industries Limited announced the outcome of its Board of Directors meeting held on May 21, 2026. During the meeting, the company considered and approved the audited financial results for the quarter and year ended March 31, 2026, which were issued by M/s. KPSJ Associates & LLP, Statutory Auditors.The company also confirmed that the Statutory Auditors have not expressed any modified opinion regarding the audited financial results for the quarter and financial year ended March 31, 2026.Financial Highlights for FY 2026 The Statement of Audited Financial Results details the company's performance for the quarter and full...

Kshitij Polyline Completes Full Payment for Acquisition of Omkar Speciality Chemicals Kshitij Polyline Limited announced on May 21, 2026, that it has completed the full and final payment required for the acquisition of M/s Omkar Speciality Chemicals Limited. The payment was made in strict adherence to the Resolution Plan approved by the National Company Law Tribunal (NCLT), Mumbai Bench.The completion of this payment marks a significant milestone in the company's acquisition process. Kshitij Polyline Limited previously informed the market of the matter in an outcome dated February 11, 2026.The company confirmed that it will provide a further update to the National Stock Exchange of India Limited in due course upon the receipt of the...

Touchwood Entertainment Limited Appoints Rishabh Mishra as Company Secretary and Key Managerial Personnel Touchwood Entertainment Limited announced the appointment of Mr. Rishabh Mishra as the Company Secretary and Compliance Officer, designated as Key Managerial Personnel (KMP). The appointment was approved by the company’s Board of Directors during a meeting held on May 21, 2026.The Board formally approved the appointment of Mr. Mishra (Membership No. ACS 80568) as the Company Secretary and Compliance Officer, effective May 21, 2026. Following this appointment, Mr. Mishra will also serve as one of the authorized officials responsible for determining the materiality of events or information and making necessary disclosures to the...

Prudential Sugar Corporation, Deccan Star, and Others Announce Key Corporate Updates Multiple companies released significant operational and corporate announcements, including Prudential Sugar Corporation Limited's board meeting for financial results, a major petition for amalgamation, and key tender invitations from the electrical sector.Corporate Governance and Financial Results Prudential Sugar Corporation Limited announced that its Board of Directors meeting is scheduled for Saturday, May 30, 2026. The meeting aims to consider and approve the Audited Standalone and Consolidated Financial Results of the company for the 4th Quarter and Year Ended March 31, 2026, along with the Statutory Auditors Report. A notice regarding the...

Century Enka Limited Board Approves FY Results, Recommends Dividend, and Appoints New Statutory Auditors Century Enka Limited announced key outcomes from its Board of Directors meeting held on May 21, 2026. The Board approved the audited financial results and statements for the quarter and full financial year ended March 31, 2026. The Board also recommended a dividend and approved changes in the company's senior management and statutory audit partners.Corporate Governance and Appointments During the meeting, the Board of Directors approved several critical corporate governance matters.Statutory Audit Appointment: The Board approved the appointment of M/s. Singhi & Co., Chartered Accountants (Firm's Registration No. 302049E), as the...

Pansari Developers Limited Pays Rs. 3,540 SOP Fine Due to Reporting Delay Pansari Developers Limited announced on May 21, 2026, that it has incurred an operational fine following a non-compliance issue reported by the National Stock Exchange of India Limited (NSE).The company confirmed the receipt of an SOP Fine totaling Rs. 3,540 (inclusive of GST). This fine was issued by the NSE following a notice received on May 20, 2026.The levy of the Standalone Operating Procedures (SOP) fine relates to a violation concerning the timely filing of investor documentation. Specifically, the delay was associated with the Statement of Investor Complaints for the quarter that concluded on March 31, 2026.The fine represents a quantifiable...

Rashtriya Chemicals and Fertilizers Limited Approves Financial Results and Recommends Dividend Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India undertaking, announced on May 21, 2026, that its Board of Directors reviewed and approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026.During the meeting, the board recommended a final dividend of Rs. 1.34 per equity share of Rs. 1.01 each. This dividend represents 13.40% on the paid up equity share capital for the financial year ended March 31, 2026. The dividend remains subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) and would be paid within 30 days from the date of...

Akshar Spintex Limited Makes Voluntary Payment of Penalty to Bombay Stock Exchange Akshar Spintex Limited has made a voluntary payment of a penalty to the Bombay Stock Exchange of India Limited (BSE). The management initiated the payment to adhere to good governance practices.The penalty pertains to violations committed regarding corporate compliance standards between late 2025 and early 2026. The company voluntarily paid the penalty to BSE, following the finding that there was no formal instruction for the payment.The penalty was imposed by the BSE for non-compliance with specific regulations. The violations and the resulting fines are detailed below:Sr. No.Details RequiredViolation DetailsPenalty Amount/Details1Name of the...

Apollo Hospitals Enterprise Limited Approves Re-appointment of Independent Director Rama Bijapurkar Apollo Hospitals Enterprise Limited has approved the re-appointment of Ms. Rama Bijapurkar as an Independent Director for a second consecutive term. Ms. Bijapurkar’s first five-year term as an Independent Director is set to expire on November 12, 2026.The Board of Directors approved the re-appointment proposal, based on the recommendation of the Nomination and Remuneration Committee. The proposed second term will span five years, commencing from November 12, 2026, and concluding on November 11, 2031. This appointment is subject to receiving approval from the Company's shareholders through a special resolution at the forthcoming Annual...

Igarashi Motors India Announces FY 2026 Results and Recommends Dividend of Rs 1.30 Per Share Igarashi Motors India Limited announced its audited financial results for the quarter and year ended March 31, 2026, and reported the Board's recommendation of a final dividend for the financial year 2025-26. These outcomes were formalized during a Board meeting held on May 21, 2026.The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, as per Ind AS format. The company also approved the appointment of professionals to key auditing roles for the coming years.Dividend Recommendation and Board Approvals The Board of Directors recommended a final dividend of Rs. 1.30 per equity share, with a...

Xchanging Solutions Limited Approves FY Results, Recommends Dividend, and Names New Statutory Auditors Xchanging Solutions Limited announced key decisions following its Board of Directors meeting held on May 21, 2026. The Board approved the Audited Financial Results and financial statements for the quarter and full financial year ended March 31, 2026. The Board also recommended a final dividend and approved key appointments relating to its management and statutory audit structure.Financial Performance and Dividend RecommendationThe Board of Directors approved the Audited Standalone and Consolidated Financial Results, along with the financial statements for the financial year ended March 31, 2026.Regarding the dividend, the Board...

Marsons Limited Wins International Contract for 200 MVA Power Transformer, Submits Repair Estimates Marsons Limited announced that it has received a Letter of Award/Purchase Order from a US-based Solar Energy Developer. The contract is for the supply of a 200 MVA 115 kV Power Transformer, intended for installation at a Solar Power Project in Cherokee County, Alabama, USA. The awarded Purchase Order is valued at INR 29,84,99,000.00, which is equivalent to USD 3.1 million.In addition to the major contract award, Marsons Limited also submitted a detailed offer estimate for the repair and services related to a Marsons Make' 630 kVA, 33/ 0.415 kV Station Service Transformer (Yom: 2008). This offer sheet covers various inspection, testing...

Adani Power Signs Agreements for Acquisition of Jaiprakash Assets Adani Power Limited has entered into definitive agreements with Jaiprakash Associates Limited (JAL) to acquire specific power assets and investments, as part of the implementation of the Approved Resolution Plan for JAL.These agreements cover two main transactions: the acquisition of a significant stake in Jaiprakash Power Ventures Limited (JPVL), and the purchase of JAL's 180 MW thermal power plant located in Churk, along with other associated assets.Under the Share Purchase Agreement, Adani Power will acquire a 24% shareholding in JPVL, a listed entity held by JAL. Simultaneously, a Business Transfer Agreement is in place for the acquisition of the 180 MW thermal...