Markets

Heineken Silver Launches in Haryana Market, Expanding Premium Beer Portfolio United Breweries Limited (UBL), a subsidiary of the HEINEKEN Company, announced the launch of Heineken® Silver in Haryana. The introduction of this premium mild lager beer variant is set to reach bars and retail outlets, marking a significant step in UBL's expansion within the Indian beer market.Heineken® Silver is described as a crisp, refreshing, and exceptionally smooth beer, crafted from only Barley, hops, and water. It is targeted at consumers seeking easy enjoyment without compromising on flavor.According to the product launch details, the new variant, Heineken® Silver, entered the market on May 19, 2026. It is categorized as a Premium Mild Lager...

Zim Laboratories Reports Q4 & FY26 Results Amid Geopolitical and Logistics Headwinds Zim Laboratories Limited released its Q4 and Full Year 2026 (FY26) earnings presentation, detailing its financial performance across the pharmaceutical and nutrition sectors. The company reported that its operating income for Q4 and FY 2026 was adversely impacted by the war situation in the Mid East and serious logistical challenges.The company noted that while costs increased due to geopolitical issues and general inflation in raw materials, utility, and employee costs, the performance was shaped by operational challenges.Financial Performance Highlights Analyzing the financials, the company reported Total Operating Income of ₹ 1,053 Mn for Q4FY26...

Triveni Engineering & Industries Announces Composite Scheme of Arrangement Effectiveness Triveni Engineering & Industries Limited confirmed that its Composite Scheme of Arrangement, involving Sir Shadi Lal Enterprises Limited (SSEL) and Triveni Power Transmission Limited (TPTL), has become effective as of May 19, 2026.The scheme, which operates under the provisions of Sections 230 to 232 of the Companies Act, 2013, was sanctioned by the Hon'ble National Company Law Tribunal Allahabad Bench. The tribunal issued its orders on May 7, 2026, and subsequently on May 18, 2026.The arrangement, which involves the three entities, was announced following earlier disclosures made by Triveni Engineering & Industries Limited. The formal...

Dredging Corporation of India Records Historic Turnover of Rs 1214.09 Crore in FY 2025-26 Dredging Corporation of India Limited (DCIL) has marked a significant milestone by posting its highest ever Annual Turnover of Rs 1214.09 Crore during the Financial Year 2025-26. This achievement represents the best performance recorded in the company's five-decade journey.Under the consortium of four major ports, including Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority, Paradip Port Authority, and Deendayal Port Authority, DCIL reported a Profit After Tax (PAT) of Rs 4.75 Crore for FY 2025-26. The company also recorded an Operational Profit (EBITA) of Rs 253.46 Crore for the same financial year.The company’s stellar performance...

BSL Limited Reports FY26 Revenue of ₹657 Cr and EBITDA of ₹49.8 Cr Amid Industry Volatility BSL Limited, a vertically integrated player in the textile industry, announced its audited financial results for the fourth quarter and the full fiscal year 2026 (FY26), which ended on March 31, 2026. Despite operating in a challenging and volatile business environment marked by pressure on demand and rising raw material costs, the company reported a total revenue of ₹657.0 Cr for FY26 and an EBITDA of ₹49.8 Cr.The company, which encompasses spinning, weaving, processing, and manufacturing capabilities, also reported a net profit loss of ₹1.0 Cr in Q4 FY26, bringing the full year PAT to ₹2.4 Cr.Financial Performance Overview The company’s...

SEBI Overhauls Mutual Fund Reporting Rules: What the New MCR Format Means for Investors The Securities and Exchange Board of India (SEBI) has issued a significant directive revising the format for the Monthly Cumulative Report (MCR). This regulatory update signals a major push toward enhancing transparency and standardizing data reporting across the entire mutual fund industry.Effective from June 2026, AMCs and all associated entities must adhere to the modified MCR guidelines. The revisions are directly linked to the recent consolidation and categorization of mutual fund schemes.The Regulatory Overhaul: SEBI Revises MCR Format SEBI released the circular on May 19, 2026, specifically addressing Clause 6.20 of the Master Circular for...

Nephrocare Health Services Announces Financial Results for Q4 and FY26, Reporting 32.2% Revenue Growth Nephrocare Health Services Limited, which operates as Asia's largest dialysis network under the brand 'NephroPlus', announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported significant year-over-year growth across major operational and financial metrics.Consolidated Financial Performance The financial results for the consolidated segment for Q4 and Full Year 2026 illustrate robust growth across the board.Particulars (INR Cr)Q4 FY26Q4 FY25YoYFY26FY25YoYRevenue265.6219.221.2%998.8755.832.2%Adj. EBITDA*55.454.02.6%238.1173.037.6%Adj. EBITDA Margin*20.9%24.6%-380...

Presstonic Engineering Limited Approves Half-Year Financial Results and Announces Key Management Changes Presstonic Engineering Limited, a company previously known as Presstonic Engineering Private Limited, announced significant corporate updates following its Board of Directors meeting held on May 19, 2026. The Board considered and approved the audited financial results for the half year and the year ended March 31, 2026.In a move strengthening its leadership structure, the Board also approved the re-appointment of key executives. Mr. Herga Poornachandra Kedilaya was re-appointed as Managing Director, while Mr. Yermal Giridhar Rao was re-appointed as Joint Managing Director. Additionally, Mr. Nagendra Dattathreya Rao was re-appointed...

Prince Pipes And Fittings Limited Reports Stellar Q4 and FY26 Performance Prince Pipes and Fittings Ltd., a major provider of integrated piping solutions in India, announced its financial results for the fourth quarter (Q4) and the full fiscal year (FY26) ended March 31, 2026. The company, which operates nine manufacturing units nationwide, reported record volumes and strong revenue growth, despite industry challenges.The company’s performance snapshot for the quarter and full year is detailed below, showcasing year-over-year (YoY) growth in key operational areas.Financial and Operational HighlightsParticulars (₹ Cr)Q4 FY26Q4 FY25YoY GrowthFY26FY25YoY GrowthFinished Goods Volume (in MT)62,16750,45423%1,91,2381,77,2028%...

Abha Power and Steel Limited Secures New Order of 4.92 Crores from Railway OEM Abha Power and Steel Limited announced that it has secured a new order valued at 4.92 Crores from a reputed Railway Original Equipment Manufacturer (OEM). The contract involves the supply of castings and is subject to standard terms including inspection and quality approval.The company reported that its current order book stands at approximately 20 Cr, reflecting its strong position and consistent efforts within the railway sector.Order Details The newly awarded contract falls under the category of the supply of goods and is with a domestic entity. The detailed terms and conditions of the contract are summarized below:ParticularsDetailsName of...

Amiable Logistics to Hold Board Meeting to Consider Audited Financial Results and Dividend Amiable Logistics (India) Limited announced that its Board of Directors will convene a meeting on Thursday, May 28, 2026. The meeting is scheduled to consider and approve critical financial matters pertaining to the company’s performance.The primary focus of the Board Meeting is the review of the Audited Financial Results of the Company for the half year and financial year ended March 31, 2026.The agenda for the meeting includes considering and approving several key documents and recommendations:The Audited Financial Results of the Company for the half year and financial year ended March 31, 2026. The Auditors' Report issued by the...

Godfrey Phillips India Limited Receives Rs 100 Crores Insurance Payout Following Fire Incident Godfrey Phillips India Limited announced the receipt of an ad-hoc on-account payment from the insurance company regarding a fire incident that occurred at a third-party tobacco processing plant and warehouse.The payment of Rs 100 crores was received by the Company today, continuing the developments following the reported fire at the facility.The incident took place at a third-party tobacco processing plant and warehouse located in District Prakasam, Andhra Pradesh, where Godfrey Phillips India Limited processes and stores its tobacco leaf inventory.The Company noted that this payment follows previous reports made on October 10, 2025, and...

Jio Financial Services Invests Rs. 4.95 Crore in Jio Allianz General Insurance Jio Financial Services Limited announced a significant investment into Jio Allianz General Insurance Limited, confirming the initial subscription of equity shares on May 19, 2026. The company invested a total of Rs. 4.95 crore into the insurer.The investment details specify the subscription of 49,50,000 equity shares in Jio Allianz General Insurance Limited. Each share carries a face value of Rs. 10.The key financial details of the subscription are as follows:DetailValueInvestorJio Financial Services LimitedInvestee CompanyJio Allianz General Insurance LimitedDate of InvestmentMay 19, 2026Total Amount InvestedRs. 4.95 croreShares...

Anthem Biosciences Limited Key Financial and Operational Indicators Verified for Multiple Fiscal Years K.P. Rao & Co, Chartered Accountants, has conducted a verification of key financial and operational performance indicators (KPIs) for Anthem Biosciences Limited, based on financial statements and supporting documentation provided by the Company. The verification covered several periods, assessing metrics including total revenue, EBITDA, Profit After Tax (PAT), and various efficiency ratios.Key Financial Performance Indicators (KPIs) The following table presents the verified financial metrics for Anthem Biosciences Limited across several fiscal periods.Financial MetricsUnitPeriod 1Period 2Period 3Period 4Period 5Period 6Period 7...

Zota Health Care Appoints Akshay Kumar as Brand Ambassador for UGO Generic Zota Health Care Limited has appointed legendary actor and philanthropist, Mr. Akshay Kumar, as the brand ambassador for the Company and its generic medicine brand, UGO Generic. The collaboration aims to significantly advance Zota Health Care's national footprint and deepen consumer trust across India.Under the agreement, UGO Generic will be operated by M/s KMHP Ventures Limited, the Wholly Owned Subsidiary of Zota Health Care Limited. The brand focuses on providing high-quality generic medicines both B2B and B2C. Its pan India reach will be established through the company's owned stores and an ambitious network targeting approximately 12.5 lakhs retail...

Mankind Pharma Reports Q4 FY26 and FY26 Results; Revenue Rises 17.0% YoY Mankind Pharma, India's fourth largest pharmaceutical company, announced its financial results for the fourth quarter (Q4) and the full year (FY) ended March 31, 2026. The company reported an 11.8% year-over-year (YoY) rise in revenue for Q4 FY26, with the adjusted EBITDA margin reaching 27.1%.According to the company, the overall domestic business grew by approximately 13%, driven by strong performance in the cardiac and anti-diabetes segments. The Over The Counter (OTC) business saw a 20% growth, spearheaded by strong e-commerce performance. The international business, however, experienced muted growth due to geopolitical headwinds.Management noted that the...

Arshiya Limited Approves FY25 Standalone Results Under Corporate Insolvency Resolution Process Arshiya Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has finalized and taken on record its Audited Standalone Financial Results for the quarter and financial year ended March 31, 2025. The process was conducted by the Resolution Professional (RP), Mr. Pankaj Mahajan, and concluded on April 28, 2026.As the company's Board of Directors’ powers are suspended and vested with the RP, Mr. Pankaj Mahajan discharged the functions related to the financial reporting. The RP confirmed that while the Audited Standalone Financial Results were completed, the Consolidated Financial Results for the quarter and...

Welspun Living Plans Buyback of Equity Shares at ₹175 Per Share Welspun Living Limited has initiated a buyback of its equity shares from existing beneficial owners through a proportionate Tender Offer process. The company published a public announcement regarding the buyback, which was approved by the Board of Directors at its meeting held on May 15, 2026.The proposal aims to buy back up to 1,44,00,000 (One Crore Forty Four Lakhs) fully paid up equity shares, each having a face value of ₹ 1. The buyback will be executed at a fixed price of ₹ 175 per Equity Share.The buyback is scheduled to be done on a proportionate basis for existing shareholders/beneficial owners, with the Record Date set as May 22, 2026.Buyback Details and...

Zydus Lifesciences Approves Share Buyback of Up to 95.65 Lakh Equity Shares Zydus Lifesciences Limited has announced a plan to acquire its own equity shares through a buyback, following the approval granted by its Board of Directors on May 19, 2026. The buyback is structured to maximize shareholder participation via a tender offer.The company approved the buyback of not exceeding 95,65,217 fully paid-up equity shares. Each share has a face value of INR 1/-. The purchase will be done at a Buyback Price of INR 1,150/- per Equity Share.The total aggregate value of the buyback is set at not exceeding INR 1100,00,00,000/- (Indian Rupees One Thousand One Hundred Crores only).Key Details of the Buyback The resolution specifies the...

RITES Announces FY26 Results: Revenue Reaches ₹2415 crore, Recommends ₹2.75 Dividend Per Share RITES Limited, a leading Transport Infrastructure Consultancy and Engineering firm, announced its standalone and consolidated financial results for the Quarter and Year ended March 31, 2026. The company reported significant financial growth, citing a double-digit sequential increase driven by robust performance in its consultancy and export segments.The Board of Directors recommended a final dividend of ₹2.75 per share, noting a total Payout Ratio of 95.4% for the year.Financial Performance Highlights The financial results show strong growth across both the quarter and the full fiscal year.In the fourth quarter of FY26 (Q4FY26), the...