Markets

Somi Conveyor Beltings Approves FY26 Results, Appoints Internal and Cost Auditors Somi Conveyor Beltings Limited announced that its Board of Directors held its 3rd meeting of 2026 on May 20, 2026. During the meeting, the company considered and approved the Audited Financial Results for the Fourth Quarter (Q4) and the year ended March 31, 2026.The board also undertook key appointments for the financial year 2026-27. M/s. B. P. Bang & Company was appointed as the Internal Auditor, while M/s Anchal Jain & Co. was appointed as the Cost Auditor for the financial year 2026-27.Financial Performance Summary (Rs. In Lakhs) The standalone audited financial results show the company's performance and financial position for the year ended March...

Ola Electric Reports Q4 FY26 Results, Highlights Margin Expansion and Focus on Energy Storage Scale Ola Electric Mobility Limited announced its financial and operational performance for the fourth quarter and financial year ended March 31, 2026. The company presented key updates detailing a significant operational 'reset' and a strategic pivot toward dominating both the electric mobility and energy storage sectors in India.The quarterly results showed a consolidated revenue of ₹ 7,265 cr and 173,794 vehicle deliveries. The company reported that the consolidated gross margin achieved 30.6% for the full fiscal year 2026.Key Financial Highlights The company's performance in Q4 FY26 underscored improvements in cost discipline and...

Grasim Industries Acquires 26% Stake in SPV for Renewable Energy Supply in Karnataka Grasim Industries Limited announced that its Board of Directors approved the acquisition of a 26% equity stake in a Special Purpose Vehicle (SPV). This strategic acquisition targets the supply of renewable hybrid energy at Harihar, Karnataka, supporting the Group Captive Scheme.The details of the target entity reveal it is Ampin C&I Power Thirty Private Limited (SPV). The purpose of the acquisition is primarily focused on meeting green energy demands, optimizing energy costs, and ensuring compliance with regulatory requirements governing captive power consumption under electricity laws.According to the board approval, the total investment required...

Aditya Birla Capital Approves Rs 4,000 Crore Preferential Issue to Fund Growth Aditya Birla Capital Limited (ABCL) announced the approval of a significant preferential issuance of equity capital, totaling up to Rs 4,000 crore. The capital raise, approved by the Board of Directors on May 20, 2026, is aimed at strengthening the company's capital base and meeting the requirements for its next phase of growth.The preferential allotment involves the issuance of 11,23,53,236 fully paid-up equity shares, with the issuance taking place at a price of Rs 356.02 per equity share, including a premium of Rs 346.02 per share. The total consideration sought is not to exceed Rs 4,000 crore.The capital infusion is structured across three major...

OBSC Perfection Posts Record Financial Performance for FY26, Drives 53.9% Total Income Growth OBSC Perfection Limited, a major manufacturer of precision engineering components and assemblies, announced its audited financial results for the fiscal year ending March 31, 2026. The results reflect significant growth across key metrics, marking new historical highs for the company.In FY26, OBSC Perfection reported a Total Income of ₹ 22,351.8 Lakhs, a substantial increase compared to ₹ 14,520.1 Lakhs reported in FY25. The company also recorded a 57.0% growth in Profit after Tax (PAT), reaching ₹ 2,701.4 Lakhs, and saw EBITDA grow by 53.9% to ₹ 4,364.4 Lakhs. The current order book stands robustly at over ₹ 1,200 Crores.Financial and...

Ducol Organics Announces FY26 Results; Consolidation EBITDA Hits ₹14.59 Crore Amid Acquisitions Ducol Organics & Colours Ltd has announced its audited financial results for the second half and full year ended on March 31, 2026. The company reported a consolidated EBITDA of ₹14.59 Crore and a PAT of ₹7.25 Crore for FY26, underscoring a transformational period driven by strategic acquisitions.The company, which is involved in developing, manufacturing, marketing, and distribution of dispersions and master batches for industries including paints, ink, textile, and FMCG, released its results following a Board meeting held on May 19, 2026.Key Financial Performance Highlights The financial results confirm significant scale and...

Yes Bank Registers Change in Senior Management Personnel as Ajay Rajan Resigns Yes Bank Limited announced a change in its senior management personnel, following the resignation of Mr. Ajay Rajan. Mr. Rajan, who held the position of Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU, tendered his resignation due to pursuing a better professional profile.The resignation notice was issued on April 9, 2026. According to the bank, Mr. Ajay Rajan will be officially relieved from his duties on May 31, 2026.The departure of Mr. Rajan concludes his tenure, during which he served in various senior capacities over 8.5 years.The key details regarding the change in senior management are summarized below...

Protean eGov Technologies Management Scheduled for Analyst Conferences in Mumbai Protean eGov Technologies Ltd. has announced that its management team will participate in several conferences with analysts and institutional investors in Mumbai. The scheduled meetings are part of the company’s engagement with the investment community.The company has provided details regarding two specific conferences in May 2026.DateConference NameModeLocationMonday, May 25, 2026Ambit 'Titans of Tomorrow 2026' ConferencePhysicalMumbaiWednesday, May 27, 2026360 One Capital (B&K) 'Trinity India 2026' ConferencePhysicalMumbaiThe company confirmed that these interactions provide an opportunity for management to engage with key industry...

Household Savings Surge: SEBI Methodology Overhauls Data, Boosts Indian Financial Assets View SEBI, in collaboration with the RBI and MoSPI, has unveiled a major methodological overhaul for calculating household savings channeled through the Indian securities market. This comprehensive revision brings greater accuracy and scope to national savings figures, fundamentally redefining how India tracks household investment patterns.The new framework integrates a granular, all-encompassing data approach, providing a significantly more realistic picture of consumer savings flow. This update is crucial for public policy, economic planning, and understanding India's capital formation trajectory.Understanding India's Savings Landscape The...

Jubilant Foodworks Approves FY 2026 Financial Results and Recommends Dividend Jubilant Foodworks Limited announced that its Board of Directors, in a meeting held on May 20, 2026, approved the audited standalone and consolidated financial results for the year ended March 31, 2026, alongside the limited reviewed financial results for the quarter ended March 31, 2026. The Board also recommended a dividend, subject to shareholder approval.The company also confirmed that the results of Dunkin' brand operations have been separately disclosed as discontinued operations, following the Board's consideration and approval of the non-renewal of rights for development and operation of the Dunkin' brand in India.Dividend Recommendation The Board...

IOL Chemicals Announces Capacity Expansion for Triacetin and Pantoprazole; Releases Audited Financial Results IOL Chemicals and Pharmaceuticals Limited announced that its Board of Directors, at a meeting held on May 20, 2026, approved the audited Standalone and Consolidated Financial Statements and financial results for the financial year and quarter ended March 31, 2026.The company also announced that its 39th Annual General Meeting (AGM) has been fixed for September 2, 2026, to be held via Video Conferencing/Other Audio Visual Means. The closure period for the Register of Members and Share Transfer for this AGM will be from August 27, 2026, to September 2, 2026.Capacity Expansion and Product Portfolio Strengthening The Board also...

Remus Pharmaceuticals Limited Appoints Sharp & Tannan Associates as Internal Auditor for FY 2026-27 Remus Pharmaceuticals Limited announced that its Board of Directors, following the recommendation of the Audit Committee, appointed Sharp & Tannan Associates, Chartered Accountants, as the Internal Auditor for the Financial Year (FY) 2026-27. The decision was formalized during a Board meeting held on May 20, 2026.The appointment designates Sharp & Tannan Associates, whose firm registration number is 109983W, to conduct the Internal Audit of the Company for the specified financial year.Auditor Details and Scope The appointed firm, Sharp & Tannan Associates, specializes in internal audit, assurance, and consulting works. According to...

M.V.K. Agro Food Product Limited Boards Note Director and Key Managerial Changes M.V.K. Agro Food Product Limited held its Board of Directors meeting on Wednesday, May 20, 2026, noting significant changes in its board composition and key management roles.During the meeting, the company took note of the resignation of Mr. Raju Maroti Pamalwad (DIN: 11524369). Mr. Pamalwad resigned from the post of Additional Non-Executive Independent Director due to personal reasons.The board also recorded the resignation of Ms. Swapna Rajaram Bansode from her position as Company Secretary and Compliance Officer, a key managerial role at M.V.K. Agro Food Product Limited.Operational updates included the review and noting of the updated list of Key...

Oriana Power Limited Incorporates Step-Down Subsidiary, Hydrogen Solutions Private Limited Oriana Power Limited has successfully incorporated a step-down subsidiary, HYDROGEN SOLUTIONS PRIVATE LIMITED. The company confirmed that HYDROGEN SOLUTIONS PRIVATE LIMITED received its Certificate of Incorporation from the Ministry of Corporate Affairs on May 20, 2026.The subsidiary is set up within the power generation sector, with its stated objects being the generation of any kind of power or electric energy.According to the details, HYDROGEN SOLUTIONS PRIVATE LIMITED's corporate structure includes an authorized capital of Rs. 100,000 (Rs. One lakh only), divided into 10,000 equity shares of Rs. 10 each. The company is located in India and...

Influx Healthtech Board Approves Financial Results for FY 2026, Names New Internal Auditor Influx Healthtech Limited announced that its Board of Directors held a meeting on May 20, 2026, where it considered and approved the standalone financial results for the half year and the full year ended March 31, 2026. The board also took note of the certificate regarding the utilization of issue proceeds and approved the appointment of a new Internal Auditor.Financial Results for FY 2026 The Board of Directors approved the audited standalone financial results for the period ending March 31, 2026, along with the accompanying audit reports.The company's standalone financial performance for the year ended March 31, 2026, showed strong figures...

Karur Vysya Bank Revises MCLR Rates Effective May 22, 2026 Karur Vysya Bank Limited announced a revision to its Marginal Cost of Funds Based Lending Rates (MCLR), effective May 22, 2026. The adjustment covers multiple tenures, spanning from overnight to one-year lending periods, impacting the bank's lending structure.The bank detailed the revised rates across five different tenures. The changes reflect specific percentage adjustments for Overnight MCLR, One-month MCLR, Three-month MCLR, Six-month MCLR, and One-year MCLR.The comparison of existing and revised MCLR rates is as follows:Nature of ROIExisting RateRevised RateOvernight MCLR8.85%8.65%One-month MCLR9.00%8.55%Three-month MCLR9.00%8.85%Six-month MCLR9.15%9.00%...

CleanMax Receives Credit Rating Upgrade to AA-/Stable from CARE Ratings Limited Mumbai, May 20, 2026: CleanMax Enviro Energy Solutions Limited, India's largest renewable energy company in the Commercial & Industrial (C&I) sector, has secured a credit rating upgrade from CARE Ratings Limited. The company’s rating was enhanced to 'CARE AA-/Stable' from 'CARE A+/Positive', underscoring its robust performance, expanding portfolio, and improved financial outcome.The rating upgrade highlights the company's strengthened financial profile, consistent operational performance, improving scale of business, and prudent financial management. CARE Ratings Limited attributed the enhancement to CleanMax's long-term bank facilities and non-convertible...

Lenskart Solutions Reports Strong Growth in Q4 FY26, Highlights ₹ 5,300 Mn Adjusted PAT for FY26 Lenskart Solutions Limited announced its financial results for the fourth quarter (Q4) and full fiscal year (FY26). The company reported significant year-over-year growth, with adjusted Profit After Tax (PAT) reaching ₹ 5,300 Mn for FY26.During the period, the company saw sustained expansion, fueled by both India and International segments. The firm also noted structural achievements, including the launch of its AI-powered smart glasses and a major expansion in store network across Tier 2+ markets.Financial Performance Highlights The financial results for FY26 reflect robust performance across key metrics. The company successfully...

Amba Auto Sales and Services Limited Designates Authorized Personnel for Corporate Announcements Amba Auto Sales and Services Limited, an authorized dealer of Bajaj Auto Limited, has formally announced the individuals designated to make corporate announcements on behalf of the company. The company confirmed the list of authorized signatories on May 20, 2026.The company's leadership team includes several key executives who have been designated to make announcements. The designated positions and the names of the persons holding these roles are detailed below:PositionName of the PersonManaging DirectorMr. Rakesh Kumar LohiaChief Financial OfficerMr. Vikas Kumar LohiaCompany SecretaryMr. Chetan Kumar SolankiAMBAAUTO Stock...

Oriana Power Limited Incorporates Step-Down Subsidiary BESSCORE STORAGE PRIVATE LIMITED Oriana Power Limited (OPL) has announced the incorporation of a new step-down subsidiary, BESSCORE STORAGE PRIVATE LIMITED. The subsidiary was officially incorporated with the Ministry of Corporate Affairs on May 19, 2026.The newly formed entity operates in the sector of generating power or electric energy. This move solidifies OPL’s focus on the power generation sector.BESSCORE STORAGE PRIVATE LIMITED, identified by CIN U35101UW2026PTC253430, has an authorized capital of Rs. 100,000, divided into 10,000 equity shares of Rs. 10 each. As of the current report, the company’s turnover is listed as Nil, as it has yet to commence business operations...