Markets

EPACK Durable Limited Secures Major Incentives Under Rajasthan Investment Promotion Scheme (RIPS-2024) EPACK Durable Limited has received Entitlement Certificates from the Government of Rajasthan under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its manufacturing facility located in Bhiwadi, Rajasthan.The company has been recognized as a 'Large Category' manufacturing unit under the Electronics System Design & Manufacturing (ESDM) thrust sector category by the Government of Rajasthan.The incentives approved for the Bhiwadi manufacturing facility, which are effective from February 15, 2022, significantly boost the company's operational framework.Key incentives approved include:Incentive TypeBenefit DetailsDuration...

TechEra Engineering Reports Default in Interest Payment on Unlisted NCDs TechEra Engineering (India) Limited, formerly TechEra Engineering India Pvt Ltd, reported a default concerning interest payments on its unlisted Non-Convertible Debentures (NCDs) as of March 31, 2026.The company confirmed that a default occurred in the payment of interest on the unlisted Non-Convertible Debentures (NCDs) as of March 31, 2026.The details of the debt security and the financial obligations are as follows:DetailValueListed EntityTechEra Engineering (India) LimitedDate of DisclosureMay 19, 2026Type of InstrumentNon-Convertible Debentures (NCDs) (ISIN: INE0JQS08014)Date of DefaultMarch 31, 2026Number of InvestorsOne (1)Current...

Kirloskar Pneumatic Launches 'Tonalli', an Advanced Solution for Waste-to-Energy Biogas Generation Kirloskar Pneumatic Company Limited (KPCL) has launched 'Tonalli', an innovative, decentralized waste-to-energy solution designed to address the growing need for sustainable solid waste management in India. The announcement details the system's capacity to transform organic waste into usable biogas and organic fertilizer, emphasizing its role in supporting India's transition toward a circular economy.The waste-to-energy solution, Tonalli, was formally launched on May 13, 2026, at the company's Head Office and Plant in Hadapsar, Pune. The technology is positioned as an advanced, integrated food waste management solution built on...

Genus Power Infrastructures Reports Strong Growth in Q4FY26 and FY26 Financial Results Genus Power Infrastructures Limited, a prominent provider of smart metering solutions and a leading Advanced Metering Infrastructure Service Provider (AMISP) player, announced its audited financial results for the quarter and year ended March 31, 2026. The company reported significant year-on-year growth across key financial metrics, driven by accelerated smart metering project execution.As of March 31, 2026, the company’s total order book, which includes all SPVs and GIC Platform, stands at about Rs. 25,173 crore (net of taxes). These concessions cover an operational period of 8 to 9 years.Standalone Financial Performance Snapshot The company's...

Anuh Pharma Limited Promoter Group Members Seek Reclassification to Public Category Status Anuh Pharma Limited has received requests from several individuals who are currently classified under the 'Promoter Group' category to be reclassified as public shareholders. This initiative follows multiple requests dated May 19, 2026, from the concerned individuals.The aggregated requests involve promoter group members seeking a status change from the promoter category to the public category based on their shareholdings and involvement with the company.According to the details provided, the collective holding of the concerned individuals amounts to 9,49,988 equity shares, representing 0.95% of the total shareholding.A breakdown of the...

New India Assurance Company Receives Income Tax Refund of Rs 255,68,12,262 The New India Assurance Company Limited has announced the receipt of a refund from the Income Tax Department. The total refund amount stands at Rs 255,68,12,262.The refund pertains to the Assessment Year 2019-20, covering both Income Tax and Interest components.The detailed breakdown of the refund issued by the Income Tax Department is as follows:Assessment YearIncome Tax (Rs)Interest (Rs)Total (Rs)2019-20233.10.64,30822,57.47,954255.68,12,262Total14,30822.57.47.954255,68,12,262NIACL Stock Price Movement As of 3:24 PM, shares of The New India Assurance Company Limited are edging higher in live trading, gaining 1.13% and trading at ₹164.42. The...

Schaeffler India Limited Receives ESG Score of 70.9 from SES ESG Research Schaeffler India Limited has been assigned an ESG Score of 70.9 by SES ESG Research Private Limited. The evaluation provides a detailed breakdown across three key parameters: Environment, Social, and Governance.The rating assigned by SES ESG Research Private Limited details the following component scores for Schaeffler India Limited:ParameterScoreEnvironment56.5Social80.8Governance77.4The overall ESG Score for the company is 70.9.The company clarified that it has not engaged or subscribed with SES ESG Research Private Limited. The score was independently issued by SES ESG Research Private Limited based on the company's disclosures and other...

JSW Cement Receives Demand-Cum-Show Cause Notice Regarding GST Liability JSW Cement Limited has received a Demand-cum-Show Cause Notice from the Additional Commissioner Central Tax (Audit), Patna. The notice, issued on May 15, 2026, pertains to alleged discrepancies and liabilities under the Central Goods and Services Tax (CGST) Act 2017.The notice was issued under Section 74 of the CGST Act 2017 and covers several areas across multiple financial years, including FY 2020-21, FY 2021-22, and FY 2022-23.Details of Alleged Tax Discrepancies The notice raises ten specific points regarding alleged tax shortfalls and non-compliance. These include:Sr. No.Particulars of Dispute1Credit Notes of GSTR9C (FY 2020-21), where the...

63 Moons Technologies Announces Audited Financial Results for FY 2025-26 63 moons technologies limited today announced its Standalone and Consolidated Audited Financial Results for the Financial Year (F.Y.) 2025-26. The audited financial statements for the quarter and year ended March 31, 2026, were released, detailing the company's financial performance across the reporting periods.The financial statements provided a comprehensive view of the company's operations, including segment-wise revenue and results, and detailed cash flow analysis.Financial Results Overview The financial data for the standalone and consolidated results for the quarter and year ended March 31, 2026, is presented below. All figures are in lakhs.Standalone...

Polycab India Limited Announces Schedule for Key Investor and Analyst Meetings Mumbai, May 18, 2026 — Polycab India Limited has scheduled a series of Investor and Analyst Meetings with various institutions. These sessions are designed to provide insights into the company’s operations and earnings.The company has confirmed meetings with prominent financial institutions taking place across the month of May and June 2026. All scheduled meetings are slated to be held in person in Mumbai.Polycab India Limited has outlined the following schedule for these investor engagements:Meeting DateInvestor/AnalystConference DetailsMeeting TypeMay 27, 2026360 ONE Capital (B&K)16th Annual Investor ConferenceGroup/One-on-OneJune 04, 2026Citi...

Happiest Minds Confident in AI Services Growth Amid Platform Players Entering Sector Bengaluru, Seattle, and London, May 18, 2026: Happiest Minds Technologies Limited, a digital engineering and AI First company, reaffirmed its strong growth outlook for AI-led services. The company stated that the recent participation of GenAI platform providers, including Anthropic and OpenAI, in the services domain is expected to expand opportunities for established IT services firms rather than disrupt them.While global announcements from major AI platform companies have recently triggered market reactions and volatility in IT services stocks, Happiest Minds emphasized that these developments are structurally positive for the industry and consistent...

HeidelbergCement India to Establish Cement Blending Unit in Madhya Pradesh HeidelbergCement India Limited has reached a key operational milestone with the establishment of a new cement blending and grinding unit in Madhya Pradesh. The company received consent for the facility on May 17, 2026, from the Madhya Pradesh Pollution Control Board.The new unit is slated for setting up at Village: Dongaliya, Tehsil: Punasa, Dist: Khandwa, Madhya Pradesh.The scope of the project includes securing the long-term availability of fly ash, and the company will also utilize land allocated on lease for the Unit's operations. This expansion marks a significant growth development for HeidelbergCement India Limited's presence in Central India...

Waaree Renewable Technologies Secures Turnkey EPC Contract for 350MW/1400MWh BESS Waaree Renewable Technologies Limited has signed a turnkey contract for the execution of Engineering, Procurement, and Construction (EPC) works for a large Battery Energy Storage System (BESS). The contract, which includes two years of operation and maintenance services, was awarded by Waaree Forever Energies Private Limited (WFEPL).The agreement solidifies Waaree Renewable Technologies’ role in developing grid-connected energy infrastructure. The total aggregate order size for the project is stated as 350MW/1400MWh.Waaree Forever Energies Private Limited (WFEPL) is the entity awarding the order, classifying the transaction as a commercial and domestic...

Bkm Industries Limited Approves Consolidated Financial Results for Fiscal Year Ended March 31, 2026 Bkm Industries Limited, formerly known as Manaksia Industries Ltd., has announced the approval of its Consolidated Audited Financial Statements for the financial year ending March 31, 2026. The Board of Directors approved the results during a meeting held on May 18, 2026.The company, which specializes in the manufacture of Packaging and Engineering Products, reported its consolidated financial results for the quarter and year ended March 31, 2026, prepared in accordance with the Indian Accounting Standards (Ind-AS).Financial Highlights (Year Ended March 31, 2026) The consolidated financial statements show the following key movements...

Lemon Tree Hotels Signs Keys Prima by Lemon Tree Hotels in Karnal, Expanding Haryana Footprint Lemon Tree Hotels Limited, a leading name in India's hospitality sector, announced the signing of Keys Prima by Lemon Tree Hotels in Karnal, Haryana. The expansion reinforces the company's presence in this key commercial and transit hub of Haryana.The newly franchised property under the Keys Prima brand will feature 50 well-appointed rooms. Operational amenities at the hotel include a restaurant, a banquet and conference hall, a swimming pool, and a fitness center, designed to provide a contemporary hospitality experience for guests.With this signing, the company expands its total footprint in Haryana to 13 hotels. This includes 11...

Ajax Engineering Reports Q4 and FY26 Financial Results: Revenue Reaches ₹ 2,103 crore Ajax Engineering Limited, India's leading concreting equipment manufacturer, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported that its FY26 revenue grew to ₹ 2,103 crore, demonstrating stability despite a challenging operating environment throughout the year.During Q4 FY26, revenue stood at ₹ 758 crore, compared to ₹ 756 crore in Q4 FY25. This performance was attributed to calibrated pricing actions undertaken during the quarter and healthy secondary sales momentum. The quarter saw strong demand for the company's CEV-V product portfolio.The operational metrics for the quarter reflected...

Lux Industries Limited Incorporates Wholly Owned Subsidiary, Lux Global Limited Lux Industries Limited has incorporated a wholly owned subsidiary (WOS) named Lux Global Limited. The company received the Certificate of Incorporation for the new entity in West Bengal, India, on May 18, 2026.The formation of the wholly owned subsidiary was undertaken pursuant to a Family Settlement Agreement (FSA) entered into among the members of the promoter and promoter group from the Todi Family. This move aims to facilitate the proposed demerger of existing businesses of Vertical Cofthe company.Lux Global Limited operates in the manufacturing and trading of garments, including hosiery products. The company has not yet commenced business...

Puravankara Limited Announces Audited Financial Results for Quarter and Year Ended March 31, 2026 Puravankara Limited announced the release of its audited standalone and consolidated financial results, along with the audit report, for the quarter and financial year ended March 31, 2026. The Company also provided details regarding the re-appointment of its Cost Auditor and the appointment of a new Chief Risk Officer.The Company's management released comprehensive data detailing the financial performance across multiple reporting segments, including the audited Standalone and Consolidated Financial Results and Cash Flow Statements.Financial Performance Highlights (Rs. in crore) Standalone ResultsThe audited Standalone Financial...

Seamec Limited Announces Financial Results and Key Board Approvals Following Board Meeting Seamec Limited announced the outcomes of its Board of Directors meeting held on May 18, 2026. The board considered and approved the audited financial results, dividend recommendations, and material modifications to related party transactions for the year and quarter ended March 31, 2026.The company also confirmed that M/s T R Chadha & Co LLP, Chartered Accountants, issued audit reports providing an unmodified opinion on both the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026.Board Approvals and Recommendations During the meeting, the Board of Directors approved several key corporate...

JSW Cement Limited Adjourns Board Meeting Scheduled for May 18, Announces New Dates JSW Cement Limited has announced the adjournment of its Board of Directors meeting, initially scheduled for Monday, May 18, 2026. The postponement was necessitated by a paucity of time, with the Board agreeing to reschedule the meeting.The Board meeting was originally planned to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended March 31, 2026.The meeting has been rescheduled to take place on May 21, 2026, at 11:00 a.m.In continuation of the existing market guidelines, the company also confirmed the status of the trading window. The trading window will remain closed for a...