Markets

Eicher Motors’ Subsidiary to Increase Stake in Automotive Connected Solutions Unit VE Commercial Vehicles Limited (VECV), a material subsidiary of Eicher Motors Limited (EML), is increasing its shareholding in VE Connected Solutions Private Limited (VECS). The increase sees VECV's stake rise from 51% to 74%.VECS, which was previously known as Aquila Mobility Solutions Private Limited, is a joint venture between VECV and iTriangle Infotech Private Limited (iTriangle). The joint venture was formed in May 2024 and commenced operations in August 2024.The proposed acquisition involves iTriangle agreeing to transfer 23% of its existing shareholding in VECS to VECV. Consequently, the shareholding of iTriangle is expected to reduce to 26%...

Indoco Remedies Completes Transfer of Ophthalmic Division to Sunways (India) Private Limited Indoco Remedies Limited has confirmed the completion of the business transfer of its Ophthalmic Division. The transfer to Sunways (India) Private Limited was finalized on May 18, 2026.The transaction pertains to the sale and transfer of the Company's ophthalmic business, covering the territories of India, Benin, Burkina Faso, Ivory Coast, Mali, Niger, Mauritania, Senegal, Cameroon, Congo, Gabon, Kenya, Botswana, Tanzania, Zambia, Zimbabwe, and Namibia.The transfer was executed in line with the previously approved Agreement to Transfer Business (ATB). The sale was conducted on a slump sale basis, and the business is being transferred as a...

Apollo Micro Systems Reports Record Financial Year and Quarterly Results for FY26 Apollo Micro Systems Limited announced its financial results for the fourth quarter and the full fiscal year 2026, reporting record revenue and profitability. The company stated that the results reflect the delivery of the highest ever quarterly and full-year revenue, EBITDA, and profit recorded to date, while also exceeding pat margin annual guidance.Apollo Micro Systems Limited, a Hyderabad-based defense and aerospace technology company founded in 1985, reported key consolidated figures for FY26, showing significant year-over-year growth.Financial Highlights (FY26 vs FY25) Apollo Micro Systems Limited reported the following consolidated metrics for...

Gradiente Infotainment Launches Flagship Beauty Pageant Intellectual Property, "GRADIENTE MISS SHE INDIA 2026" Gradiente Infotainment Limited is launching its flagship Beauty Pageant Intellectual Property (IP), "GRADIENTE MISS SHE INDIA 2026." This initiative is set to be a major media broadcasting and digital entertainment event, designed as a prestigious platform celebrating confidence, talent, leadership, and the global spirit of womanhood.The pageant is scheduled to take place over several days, from November 16, 2026, through November 21, 2026. The content is designed to cater to both domestic Indian and international audiences, featuring participation from NRI contestants across various countries and regions.Through this...

Yasho Industries Announces Q4 FY26 Results, Reporting ₹830.03 Cr Total Revenue Yasho Industries Limited, a manufacturer and supplier of specialty chemicals, has announced its audited financial results for the quarter and year ended on March 31, 2026.The company reported strong consolidated financial performance across Q4 FY26 and the full fiscal year 2026.Financial Performance Overview The consolidated financial results for Q4 FY26 and FY26 are detailed below:ParticularsQ4 FY26 (Amt ₹ in Lac)Q4 FY25 (Amt ₹ in Lac)Y-o-YQ3 FY26 (Amt ₹ in Lac)Q-o-QFY26 (Amt ₹ in Lac)FY25 (Amt ₹ in Lac)Y-o-YTotal Revenue24,672.0618,545.8433.0%20,197.7622.2%83,131.4067,751.5022.7%EBITDA4,471.933,614.1423.7%3,362.2233.0%14,445.9411,940.0821.0%...

GE Vernova T&D India Reports Strong Financial Results for Q4 and Full Year 2025-26 GE Vernova T&D India Limited announced its audited financial results for the fourth quarter (Q4) and the full year ended March 31, 2026, on May 18, 2026. The results highlighted significant year-over-year growth across key metrics, driven by robust operational achievements and major order bookings in the power transmission sector.Q4 and Full Year 2025-26 Financial PerformanceThe company reported substantial increases in revenue, EBITDA, and profit after tax for both Q4 and the full fiscal year 2025-26.The financial results comparison is detailed below:MetricQ4 FY26 (Jan 1, 2026 - Mar 31, 2026)Q4 FY25 (Quarter Ended March 2025)% Change YoY (Q4)...

Timken India Approves Financial Results for FY26, Greenlights Amalgamation of Subsidiary Timken India Limited announced key corporate decisions following its Board meeting on May 18, 2026. The Board approved the Audited Financial Results Standalone and Consolidated for the quarter and the full year ended March 31, 2026. Furthermore, the company approved a major Scheme of Amalgamation involving its wholly owned subsidiary, Timken GGB Technology Private Limited, alongside appointing two senior management persons.Financial Highlights and Dividend Recommendation The Board recommended a dividend of Rs. 2.50 per equity share of Rs. 10 each fully paid up for the financial year ended March 31, 2026. This dividend is subject to approval by the...

IG Petrochemicals Announces Management Changes with Reappointment of Executive Director and Appointment of New CHRO IG Petrochemicals Limited announced significant changes to its senior management structure following a Board meeting held on May 18, 2026. The board meeting included the re-appointment of Shri Sagar Jadhav as Executive Director and the appointment of Shri Pramod Sanap as Chief Human Resources Officer (CHRO).During the board meeting, the company's directors took action regarding key personnel. Shri Sagar Jadhav was re-appointed as the Executive Director for a period of three years, effective from July 1, 2026.Simultaneously, the company accepted the resignation of Dr. Rajkumar VP from his role as Chief Human Resources...

Outgoing Promoter Reclassified to Public Category for Vilin Bio Med Limited After Open Offer Conclusion Following the successful conclusion of its Open Offer, Vilin Bio Med Limited confirmed the reclassification of its outgoing promoters to the public category. The development confirms the transfer of management and control of the company to the Acquirer(s), who have been established as the new promoters.The Open Offer involved the acquisition of 36,27,000 Equity Shares, representing 26% of the Voting Share Capital of Vilin Bio Med Limited, and successfully concluded on September 15, 2025. With the execution of the Share Purchase Agreement dated March 27, 2025, the management and control of the company shifted to the Acquirer(s)...

Tata Consultancy Services to Hold 31st Annual General Meeting on June 9, 2026 Tata Consultancy Services Limited (TCS) announced details regarding its 31st Annual General Meeting (AGM) scheduled for June 9, 2026. The company provided members with updates concerning the voting process, final dividend declaration for FY2026, and key dates for tax compliance.The 31st Annual General Meeting is set to take place on Tuesday, June 9, 2026, at 10:30 a.m. (IST). The meeting will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM). The Notice and the Integrated Annual Report for Financial Year 2025-26 (FY 2026) are available for download.Dividend and Payment Schedule TCS confirmed the details for the final dividend...

Gujarat Narmada Valley Fertilizers and Chemicals Limited Appoints B S R and Co. as Statutory Auditors Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has announced the appointment of M/s. B S R and Co., Chartered Accountants, Ahmedabad, as the company's Statutory Auditors. The Board of Directors approved this appointment during a meeting held on May 18, 2026.The appointment of M/s. B S R and Co. was made based on the recommendation of the company's Audit Committee. The firm is slated to serve for a comprehensive term of five years. This tenure will commence from the conclusion of the 50th Annual General Meeting and conclude at the 55th Annual General Meeting. The appointment remains subject to the subsequent approval...

Jupiter Life Line Hospitals Files Annual Secretarial Compliance Report for FY 2026 Jupiter Life Line Hospitals Limited has released its Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026. The report provides an assessment of the company's compliance with applicable statutory provisions and good corporate governance practices.The Secretarial Review was conducted by M/s. Yogesh Sharma & Co., Practicing Company Secretaries, reporting on the listed entity's adherence to corporate standards during the review period.According to the report, the listed entity confirmed compliance with the necessary statutory provisions for the financial year ended March 31, 2026.Compliance Status Highlights The report...

Shivalik Bimetal Controls Reports Annual Compliance Status for FY 2026 Shivalik Bimetal Controls Limited released its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The report details the company's adherence to various corporate governance standards and regulatory requirements during the period.The report was submitted on May 18, 2026, and was examined by Rajni Miglani, Proprietor of M/s. R Miglani & Co, Practicing Company Secretary.Compliance Overview The Annual Secretarial Compliance Report provides an assessment of the listed entity’s adherence to best practices in corporate governance and disclosure. Based on the review, the company confirmed its compliance across several critical areas...

JK Paper Limited Announces Audited Results and Recommends Dividend for FY 2025-26 JK Paper Limited announced the outcomes of its Board Meeting held on May 18, 2026, confirming the approval of the standalone and consolidated audited financial results for the quarter and the full financial year ended March 31, 2026. The Board also recommended a dividend for the fiscal year.The company reported that higher volume and improved operational efficiencies contributed to better performance during the current quarter compared to the corresponding period. However, the sharp depreciation of the Indian Rupee against the Euro adversely impacted the Net Profit for FY 2025-26.Dividend Recommendation and Financial Highlights The Board of Directors...

Ideal Technoplast Industries Announces Audited Financial Results for FY 2025-2026 Ideal Technoplast Industries Limited announced the audited financial results for the half year and annual year ended March 31, 2026. The Board of Directors approved the audited financial statements, reviewing the company's performance across its key financial metrics.The company reported a Total Income of 3492.84 Lakhs for the half year ended March 31, 2026, compared to 1463.70 Lakhs for the half year ended March 31, 2025. Overall, the Total Income for the full year ending March 31, 2026, stood at 2884.34 Lakhs, reaching 2847.95 Lakhs for the corresponding period in the previous year.The total expenditure for the full year ended March 31, 2026, was...

K.M. Sugar Mills Ltd. Board Approves FY26 Results; Appoints New Director and Cost Auditor K.M. Sugar Mills Limited announced the outcomes of its Board of Directors meeting held on May 18, 2026. During the meeting, the Board reviewed and approved the audited Standalone and Consolidated Financial Results for the year ended March 31, 2026.In addition to finalizing the financial reports, the Board made several key corporate announcements, including the appointment of a new Additional Director and the re-constitution of the Corporate Social Responsibility Committee (CSR Committee).Governance and Operational Changes During the May 18, 2026, meeting, the Board of Directors took the following actions:Cost Auditor Appointment: The Board...

Zee Media Corporation Limited Board Approves Issuance of Warrants and Re-appoints Independent Director Zee Media Corporation Limited announced that its Board of Directors, at a meeting held on May 18, 2026, approved two major corporate actions: the issuance of warrants and the re-appointment of Ms. Swetha Gopalan as an Independent Director. The company also scheduled an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for these proposals.Warrants Issuance Details The Board approved the issuance of up to 14,00,00,000 warrants. Each warrant is fully convertible or exchangeable for one fully paidup equity share of the Company. The total aggregate value of the warrants not exceeding Rs. 1,19,00,00,000/-.Key financial...

VIP Clothing Limited Approves Preferential Issue of Warrants Worth Rs. 47.70 Crore VIP Clothing Limited announced that its Board of Directors approved a significant preferential issuance of warrants. The decision pertains to the allotment of 2,12,00,000 warrants, which are convertible into an equivalent number of equity shares, bringing the total aggregate consideration to Rs. 47,70,00,000/-.The Board’s decision follows a meeting held on May 18, 2026.Key Details of the Warrant Issue The proposed issuance involves the allocation of 2,12,00,000 warrants to both Promoters and Non-Promoters. The issue is priced at Rs. 22.50 per warrant, which includes a premium of Rs. 20.50 per warrant.The financial details of the preferential issue...

Eppeltone Engineers Secures Domestic Order for Energy Meter Supply worth Rs. 26.43 Crore Eppeltone Engineers Limited, a company specializing in energy measurement solutions, has secured a substantial domestic order for the supply of Energy meters. The company confirmed the receipt of the contract on May 18, 2026.The order, valued at Rs. 26,43,20,000/- (including taxes), is for the supply of Energy meters from a domestic entity. The contract is expected to be executed by July 2026.In terms of transaction details, the agreement is classified as a domestic order from a domestic entity. The company stated that the order does not involve any related party transactions, nor does the promoter group have any interest in the entity that...

Chalet Hotels Limited Submits Applications for Share Re-classification to Exchanges Chalet Hotels Limited announced on May 18, 2026, that it submitted applications to the National Stock Exchange of India Limited and BSE Limited seeking no objection for the re-classification of shares from the Promoter Group to the public.The company submitted the applications concerning requests for re-classification from specific entities: Content Properties Private Limited and Sycamore Properties Private Limited.The shareholding details for the entities involved are as follows:Sr. No.Name of the entityNo. of shares% of shareholding1Content Properties Private Limited00.00%2Sycamore Properties Private Limited00.00%CHALET Stock Price...