Markets

Teamlease Services Announces Buyback of Securities Up To ₹238 Crores Teamlease Services Limited announced that its Board of Directors approved a buyback of its own equity shares. The proposal involves acquiring up to 14,87,500 Equity Shares from its Shareholders/Beneficial Owners.The Board of Directors approved the buyback during a meeting held on May 20, 2026. The buyback offer is structured to be executed on a proportionate basis through a tender offer route.The company proposes to buy back the securities at an offer price of ₹ 1,600 per Equity Share, payable in cash. This transaction is anticipated to raise an aggregate amount not exceeding ₹ 238 Crores.This buyback of equity shares, with a face value of ₹10 per share...

Transworld Shipping Lines Reports Audited Financial Results for March Quarter and Year End 2026 Transworld Shipping Lines Limited (formerly Shreyas Shipping and Logistics Limited) announced its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, on May 19, 2026. The company provided details on its performance against the backdrop of significant shifts within the global shipping industry.Industry Snapshot and Market Trends The shipping sector demonstrated a deeply fragmented but upward trajectory during the quarter ending March 2026 (Q4 FY25-26). Market operations were influenced by intense geopolitical activity connecting West Asia, Southeast Asia, and the Far East.The industry saw a...

J. Kumar Infraprojects Limited Reports Compliance for FY 2026 in Annual Secretarial Report J. Kumar Infraprojects Limited issued its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report details the company's adherence to various corporate governance and regulatory standards during the review period.The company provided the report detailing its compliance status against established corporate guidelines and regulations. Key areas of compliance, including Secretarial Standards, policy adoption, and website maintenance, were reviewed.The review assessed compliance with guidelines covering the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations...

Urban Enviro Waste Management Postpones Preferential Warrants Issue Amid Market Volatility Urban Enviro Waste Management Limited announced the postponement of its Proposed Preferential Issue of Fully Convertible Warrants. The decision comes after the proposed investors opted not to proceed with the issue at this time, citing prevailing market volatility.The company previously planned the preferential issuance of up to 32,00,000 Fully Convertible Warrants to Promoters and Non-Promoters.Timeline of the Issue Process The company had followed several steps leading up to the proposed issue. These steps included:MilestoneDateDetailsBoard ApprovalMarch 11, 2026Board of Directors approved the proposal.Application to NSEMarch 23...

KRN Heat Exchanger and Refrigeration Limited Receives RIPS-2024 Approval for Neemrana Plant KRN Heat Exchanger and Refrigeration Limited has secured approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant, according to information released on May 20, 2026. This approval is set to provide significant financial incentives and operational benefits to the company's market position in the industry.The approval entitles the company to specific fiscal incentives, detailed as follows:Incentive TypeDetailValueTurnover Linked IncentiveBase Incentive1.40% of Net Sales/TurnoverTurnover Linked IncentiveEmployment Booster10% of Net Sales/TurnoverTotal Turnover Linked Incentive 1.54% of Net...

Radhika Jeweltech Limited Announces Financial Results for Quarter and Year Ended March 31, 2026 Radhika Jeweltech Limited reported its financial results for the quarter and year ended March 31, 2026. The company’s Board of Directors considered and adopted these results during a meeting held on May 20, 2026. The annual financial results for the year ended March 31, 2026, received an Unmodified Audit Opinion from the Statutory Auditors.The financial statements include audited results for the full year and reviewed results for the quarter ended March 31, 2026.Financial Performance Highlights The Statement of Financial Results for the Quarter and Year Ended March 31, 2026, details the company's operational performance across several key...

Parin Enterprises Limited Appoints Secretarial Auditor for Fiscal Year 2025-26 Parin Enterprises Limited, formerly known as Parin Furniture Limited, announced that its Board of Directors appointed M/s. K.P. Rachchh & Co. as the Company's Secretarial Auditor. The decision was made during a Board meeting held on Wednesday, May 20, 2026.During the board meeting, the directors considered and decided the appointment of M/s. K.P. Rachchh & Co., Practicing Company Secretaries, in Rajkot.The scope of the appointment involves the firm issuing a Secretarial Compliance Report for the financial year 2025-26, which concluded on March 31, 2026.The board meeting commenced at 4:30 p.m. and concluded at 5:00 p.m.PARIN Stock Price Movement Parin...

Triveni Engineering & Industries Completes Amalgamation of SSEL Under Scheme of Arrangement Triveni Engineering & Industries Limited announced that the Composite Scheme of Arrangement involving the Company, Sir Shadi Lal Enterprises Limited (SSEL), and Triveni Power Transmission Limited (TPTL) became effective on May 19, 2026. This scheme resulted in the amalgamation of Sir Shadi Lal Enterprises Ltd. (SSEL), which is a subsidiary of Triveni Engg. & Ind. Ltd. (TElL).Following the effectiveness of the scheme, the equity shareholders of SSEL are entitled to receive equity shares of TElL in accordance with a specific share exchange ratio.The share exchange ratio dictates that for every 137 equity shares of the Amalgamating Company...

Ichnos Glenmark Innovation Unveils ISB 2301, a Multispecific Antibody Candidate for Solid Tumors Ichnos Glenmark Innovation, Inc. (IGI), a global clinical-stage biotechnology company, has announced a new development candidate, ISB 2301. The molecule is described as a first-in-class, multispecific immune cells activator designed for the potential treatment of multiple solid tumor indications.ISB 2301 is a next-generation multispecific antibody engineered to target three tumor-associated antigens (TAAs). The drug’s mechanism involves engaging both T cells and Natural Killer (NK) cells, aiming to ignite the immune system and trigger tumor cell death.The therapeutic design of ISB 2301 is rooted in IGI's proprietary BEAT® platform, which...

IGI Reports Strong Performance with 21% Revenue and 21% EBITDA Growth for Q4 2026 International Gemological Institute Limited (IGI), a leading global authority in certification services, reported a strong performance for the quarter ended March 2026. The company stated that its revenues and EBITDA grew by 21% for the quarter, driven by robust growth across its key segments: natural diamonds, lab-grown diamonds, and LGD jewelry.Consolidated revenue from operations for the quarter (January - March 2026) was reported at INR 3,686 Million, alongside an EBITDA of INR 2,360 Million. Profit After Tax (PAT) for the period stood at INR 1,796 Million, representing a 28% year-on-year increase.The company noted that its financial reporting...

OBSC Perfection Limited Reports Audited Financial Results for Fiscal Year Ended March 31, 2026 OBSC Perfection Limited, formerly known as OBSC Perfection Private Limited, announced the approval of its audited financial results and audit report for the Quarter and Year ended March 31, 2026, following a Board Meeting held on May 20, 2026. The company provided comprehensive financial data covering its performance for the fiscal year 2026 and comparative figures for 2025.The financial results and reports were presented to investors, detailing the company's operational performance, balance sheet strength, and utilization of funds raised through share issues.Financial Performance Summary The Statement of Profit and Loss reveals...

Garware Technical Fibres Announces Annual Financial Results and Dividend Recommendation Garware Technical Fibres Limited (GTFL) announced the Board-approved Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, following a Board meeting held on May 20, 2026. The company also made recommendations regarding dividends and key appointments at the meeting.The Board of Directors formally approved the financial results for the quarter and year ended March 31, 2026. The audit report on these statements was prepared by Mehta Chokshi & Shah LLP, and the Board of Directors approved the results.Financial Performance Highlights The company's financial performance details are available in the audited...

Honeywell Automation India Limited Announces FY 2026 Results and Recommends Dividend Honeywell Automation India Limited announced on May 20, 2026, that its Board of Directors approved the Audited Standalone Financial Results for the financial year ended March 31, 2026. The Board also recommended a final dividend to shareholders.The company's Board meeting, held on the date of the announcement, approved the audited financial results and recommended a final dividend of Rs. 110 per Equity Share. This dividend is equivalent to 1,100% of the face value of Rs. 10 per share for the financial year ended March 31, 2026, pending approval from the shareholders at the ensuing Annual General Meeting.Key Financial Performance (All figures in...

Allcargo Terminals Limited Approves Amendment to CEO Stock Option Vesting Schedule Allcargo Terminals Limited has announced an amendment to the vesting schedule of the ATL CEO Employee Stock Option Plan, 2025. The revision was approved by the Company's Nomination and Remuneration Committee (NRC) during a meeting held on May 20, 2026.The CEO ESOP 2025 plan was originally approved by the Board of Directors on August 11, 2025, and subsequently by shareholders at the Annual General Meeting on September 26, 2025. The initial plan provided for the grant of 44,66,335 stock options to the Chief Executive Officer, Mr. Ashish Chandna.The NRC approved the amendment to the vesting schedule under Clause 7.2 of the Plan, resulting in the...

Sonu Chadha Appointed Independent Director of RHI Magnesita’s Subsidiary RHI Magnesita India Limited announced the appointment of Ms. Sonu Chadha as a Non-Executive and Independent Director of its material subsidiary, RHI Magnesita India Refractories Limited (RHIM IR). The appointment is effective from May 20, 2026, and is subject to approval at the ensuing Annual General Meeting of RHIM IR.The appointment places Ms. Chadha, who is already an Independent Director of the parent company, RHI Magnesita India Limited, onto the board of the subsidiary.Ms. Sonu Chadha, DIN: 00129923, brings extensive experience in business management to the role. She is described as an entrepreneur with more than 25 years of experience managing various...

TeamLease Services Reports Q4FY26 and FY26 Results; EBITDA Grows 14% Year-on-Year Bengaluru, India - May 20, 2026: TeamLease Services Limited, one of India's largest staffing companies, announced its consolidated financial results for the fourth quarter (Q4FY26) and the twelve months ended March 31, 2026 (FY26). The company reported a 14% year-on-year growth in EBITDA and announced a substantial buyback of up to 25% of free reserves.Consolidated Financial Overview The consolidated financial results provide an overview of the company's performance across the fiscal year. All figures are presented in ₹ Crores, except for headcount and margin percentages.ParticularsQ4FY26Q3FY26QoQQ4FY25YoYFY26FY25YoY...

LMW Limited Approves 350% Dividend, Announces New Directors, and Releases Financial Results for FY 2026 LMW Limited announced key corporate developments following its Board of Directors meeting held on May 20, 2026. The Board approved the company's audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommended a dividend of Rs. 35 per equity share for the financial year ending March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM).The company is set to convene its 63rd Annual General Meeting on Friday, July 24, 2026, via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The record date for determining eligible shareholders for the...

Divine Power Energy Approves Major Investment in Wireonix Private Limited and Plans INR 50 Crore NCD Issuance Divine Power Energy Limited announced that its Board of Directors held a meeting on May 13, 2026, approving several strategic business decisions, including an investment that will make Wireonix Private Limited a subsidiary of the company, and the proposal to raise capital through Non-Convertible Debentures (NCDs).The board meeting also approved the audited and reviewed financial results for the half-year and the full year ended March 31, 2026, alongside the Director's Report.Financial Results Overview The company reported key financial metrics in its consolidated statements for the year ended March 31, 2026. The total income...

TeamLease Services Announces Q4 and FY26 Results; Approves ₹238 Crores Buyback Bengaluru, May 20, 2026: TeamLease Services Limited, a major player in India's staffing sector, announced its consolidated financial results for the fourth quarter (Q4 FY26) and the full financial year ended March 31, 2026 (FY26). The company also announced a board-approved proposal to conduct a buyback of equity shares.The consolidated financial results showed significant year-over-year growth, with EBITDA increasing 14% and Profit Before Tax (PBT) growing 36%.Financial Performance Snapshot The consolidated financial results for Q4 FY26 and FY26 show robust revenue growth and margin expansion across the business.In terms of consolidated figures (₹...

Sadhav Shipping Reports Financial Results and Expands Presence in Port and Offshore Services Sadhav Shipping Limited released its audited financial results and an investor presentation detailing its performance for the half year and year ended March 31, 2026. The company highlighted significant operational wins and strategic expansion across various maritime segments, positioning itself as a key enabler of the national maritime vision.Operational Highlights and Strategic Growth The company achieved several key operational milestones during the fourth quarter and fiscal year 2026. Sadhav secured a contract for Chennai Port mooring services, valued at 7.35 Cr, which involves the deployment of 36 skilled personnel over three years...