Markets

Kundan Minerals and Metals Limited Postpones Board Meeting, Reschedules for May 19, 2026 Kundan Minerals and Metals Limited announced the postponement of its Board of Directors meeting that was originally scheduled for May 18, 2026. The change was necessitated by ongoing discussions related to the company's financial statements.The Board's meeting has been rescheduled to take place on Tuesday, May 19, 2026. On this revised date, the directors will meet to further discuss and consider the company's financial statements for the financial year ended March 31, 2026, with the objective of concluding the matter.

Shree Pushkar Chemicals Recommends Dividend, Announces Results for FY26 Shree Pushkar Chemicals & Fertilisers Limited announced significant corporate outcomes following its Board of Directors meeting held on May 18, 2026. The Board approved the company’s Annual Audited Standalone and Consolidated Financial Results for the Fourth Quarter and Financial Year ended March 31, 2026, and recommended a final dividend.The company also affirmed the re-appointment of M/s. RMJ & Associates LLP, Chartered Accountants, as its Internal Auditor for the Financial Year 2026-2027.Financial Performance Highlights The audited financial results for the period and year ended March 31, 2026, were reviewed by the Audit Committee and approved by the Board...

Indian Oil Corporation Greenlights Joint Venture for 100 KTPA Sustainable Aviation Fuel Project at Paradip Indian Oil Corporation Limited announced that its Board of Directors accorded approval for the formation of a 50:50 Joint Venture Company. The venture is set to establish a 100 KTPA HEFA-based Sustainable Aviation Fuel (SAF) Project at Paradip.The approval for the Joint Venture was granted by the Board of Indian Oil at a meeting held on 18 May 2026. The partnership for the project will be formed between M11 Energy Transition Pvt. Ltd. and IndianOil.The proposed project has an estimated cost of Rs. 1,063.60 crore (- 30%). The establishment of the SAF facility is subject to necessary approvals from bodies such as NITI Aayog and...

Mohini Health & Hygiene Approves Revision of Subscribers for Dhananya Capital Private Limited SPV The Board of Directors of Mohini Health & Hygiene Limited announced the approval of revised subscribers for its Special Purpose Vehicle (SPV), Dhananya Capital Private Limited. This action was taken during the Board meeting held on Monday, May 18, 2026.The Board meeting took place at Office No. 401, Princess Business Skypark, Opposite to Orbit Mall, A.B. Road, Indore, Madhya Pradesh, 452001. The proceedings commenced at 06:30 P.M and concluded at 8:20 P.M.The directors considered and approved the revision in the subscribers to the Memorandum of Association for the proposed SPV, Dhananya Capital Private Limited.The revised subscriber...

Baazar Style Retail Reports 37% Revenue Growth in FY26, Targets 25% Expansion Amid Strategic Investments Baazar Style Retail Limited announced its financial results for the quarter and year ended March 31, 2026, showcasing robust year-on-year revenue growth. The Company highlighted its strong performance, driven by disciplined expansion and a strategic shift toward private labels, positioning it for continued growth in India's value retail market.Financial Performance Highlights The consolidated financial data for the fiscal year 2026 and the fourth quarter reflects significant growth across key metrics.Key Performance Metrics (IND AS)Q4 FY26Q4 FY25YoY %Q3 FY26QoQ %FY26FY25YoY %Revenue from Operations (Rs...

Bharat Coking Coal Limited Announces Changes in Senior Management Personnel Bharat Coking Coal Limited (BCCL), a Miniratna Company and subsidiary of Coal India Limited, announced several key changes in its senior management structure effective May 18, 2026. These appointments involve transfers and additions of charge across multiple critical departmental roles within the company.The changes ensure continuity in various key operational and administrative areas, leading to updates in the status of Senior Management Personnel (SMP) for the company.Key Personnel Appointments and Role Transitions The transfers and appointments involve five primary roles, shifting responsibilities among key departmental heads:Employee...

Afcons Infrastructure Limited Announces FY Results, Recommends Dividend, and Approves Key Leadership Changes Afcons Infrastructure Limited announced the financial results and annual reports for the quarter and financial year ended March 31, 2026. The Board of Directors also approved the re-appointment and remuneration of key executives and recommended a dividend for the fiscal year 2025-26.The company reported the audited standalone and consolidated financial results, along with the audited financial statements, for the financial year ended March 31, 2026.Financial Performance Highlights The company provided key performance indicators (KPIs) detailing financial metrics for the years ended March 31, 2026, and March 31, 2025...

Chemplast Sanmar Commences Commercial Production of R32 Refrigerant Gas at Mettur Plant Chemplast Sanmar Limited announced that the commercial production of R32 Refrigerant Gas has begun at its Swing Plant located in Mettur.The company reported the commencement of this commercial production on May 18, 2026. The R32 Refrigerant Gas is being produced at the Swing Plant situated in Mettur, marking a significant operational update for the company.CHEMPLASTS Stock Price Movement Chemplast Sanmar Limited shares today slipped by 1.47% to settle at ₹227.41. The stock recorded a trading range between ₹223.8 and ₹229.7, with a total volume of 76,735 shares guiding the session.

GE Vernova T&D India Approves Financial Results and Recommends Final Dividend GE Vernova T&D India Limited (formerly GE T&D India Limited) announced that its Board of Directors, in a meeting held on May 18, 2026, approved the financial results for the quarter and year ended March 31, 2026. The Board also recommended a final dividend for the financial year 2025-26.The statutory auditors confirmed that M/s. Deloitte Haskins & Sells Chartered Accountants issued an unqualified report on the financial results for the year ended March 31, 2026.During the Board meeting, the company recommended a final dividend of 500%, translating to Rs. 10/- per Equity Share (face value of Re. 2/- each), for the financial year ended March 31, 2026. This...

Aeroflex Neu Limited Approves Investment in Stilonn Valves and Controls, Targets AI Infrastructure Growth Aeroflex Neu Limited announced that its Board of Directors, during a meeting held on May 18, 2026, approved a significant investment in M/s. Stilonn Valves and Controls Private Limited. The company also reaffirmed its strategic focus on expanding its capabilities within the rapidly evolving AI Infrastructure ecosystem.The key outcome of the board meeting was the approval of an investment in Stilonn Valves and Controls Private Limited. The company will achieve this by subscribing to 2,43,400 equity shares at a price of Rs. 123.30 per share, aggregating to Rs. 3,00,11,220/-. This investment will be structured in one or more...

Afcons Infrastructure Limited Announces FY26 Financial Results Afcons Infrastructure Limited, a major international infrastructure player in India, today announced its financial results for the quarter and financial year ended March 31, 2026. The company posted an order book size of ₹ 32,496 Cr.The financial results highlight the company's total income, EBITDA, and Profit After Tax (PAT) for the respective periods, detailing year-on-year and quarter-on-quarter changes across key performance indicators.Financial Performance Overview The company's financial results show the following key metrics:Particulars (₹ Cr)Q4 FY26Q4 FY25y-o-yQ3 FY26q-o-qFY26FY25y-o-yTotal Income2,7773,387-18.0%3,025-8.2%12,32213,023-5.4%...

Bharat Coking Coal Limited: Petition in Jharkhand High Court Dismissed as Withdrawn Bharat Coking Coal Limited (BCCL) has announced a key development regarding a material litigation currently before the Hon'ble High Court of Jharkhand. The company stated that the Criminal Miscellaneous Petition No. 3720 of 2017 was dismissed as withdrawn, according to an order dated May 7, 2026.The litigation centered on a petition filed under section 482 of the Code of Criminal Procedure, 1973. The petitioners were the State of Jharkhand and the labour enforcement officer, Dhanbad (LEO). The case sought the quashing of an order passed on December 16, 1998, by the chief judicial magistrate. This order originated from a case filed under section 29 of...

Subros Limited Announces FY2026 Results, Recommends 150% Dividend Per Share Subros Limited announced significant corporate decisions following its Board of Directors meeting on May 18, 2026. The Board approved the audited standalone and consolidated financial results, alongside the respective auditors' reports, for the fiscal year ended March 31, 2026. Furthermore, the Board recommended a final dividend, and finalized key corporate timelines, including the Annual General Meeting (AGM).The company confirmed that the statutory auditors issued reports with an unmodified opinion on the audited financial results for both the standalone and consolidated entities for the year ended March 31, 2026.Dividend Recommendation and AGM Details At...

Speb Adhesives Approves Financial Results and Appoints New Auditors Speb Adhesives Limited, a manufacturer specializing in Synthetic Rubber Adhesive, announced the approval of its financial results for the half-year and financial year ended March 31, 2026, following a meeting of its Board of Directors held on May 18, 2026. The Board also approved the appointment of several key professional advisors for the upcoming fiscal years.The company provided detailed standalone financial statements, which included the audited assets and liabilities statement and comprehensive income and cash flow statements, comparing the period ended March 31, 2026, with the previous year.Standalone Financial Results Snapshot The standalone financial results...

The South Indian Bank Announces Voluntary Retirement of Chief General Manager Head of Branch Banking The South Indian Bank Limited announced the voluntary retirement of Ms. Biji S S, Chief General Manager and Head of Branch Banking, Liabilities, Micro & Small Enterprises and Third Party Products. The bank confirmed that Ms. S opted for retirement on personal grounds, following the acceptance of her request.Ms. S submitted her notice on May 18, 2026, and her last day of service with the bank will be June 17, 2026.The bank noted that sufficient internal leadership and oversight are available to ensure the continuity of management for the role.Retirement Details The key details regarding the change in senior management personnel are...

JK Paper Announces FY 2026 Financial Results: Turnover Hits Rs 7,568.93 Crore JK Paper Ltd., one of India's major Paper & Packaging Solutions Companies, announced its consolidated financial results for the year ended March 31, 2026. The company reported a consolidated turnover of Rs 7,568.93 Cr for the full fiscal year.For the quarter ending March 2026 (Quarter-4), the consolidated turnover was Rs 2,111.54 Cr, with EBITDA reported at Rs 279.07 Cr and Profit after Tax (PAT) at Rs 91.98 Cr. For the entire year ended March 2026, the consolidated figures stood at a turnover of Rs 7,568.93 Cr, EBITDA of Rs 984.11 Cr, and PAT of Rs 265.84 Cr, respectively.The Board of Directors recommended a dividend of Rs 4/- per share (representing...

Shivalik Bimetal Controls Limited Launches New Manufacturing Facility in Pune; Operations Delayed Shivalik Bimetal Controls Limited has announced a significant expansion of its manufacturing footprint, securing premises on lease in Pune, Maharashtra. This new facility is intended for the manufacture of Automotive Busbars/connectors and their subsequent assemblies.The company confirmed the lease of the Pune premises to establish a new operational hub for its products.In other operational news, Shivalik Bimetal Controls Limited stated that the previously indicated launch date for the new facility, scheduled for April 2026, has been deferred. The delay is attributed to pending permissions and consents required from relevant government...

Cantabil Retail Reports Financial Results for the Year Ended March 31, 2026 Cantabil Retail India Limited has released its financial results for the quarter and full year ended March 31, 2026, providing a comparative analysis against previous periods. The results outline the company’s operational performance, balance sheet structure, and cash flow generation over the past years.Financial Performance Highlights The company reported its annual figures in lakhs, showing key financial metrics for the period ended March 31, 2026, compared to March 31, 2025.Total Revenue from Operations saw a consistent upward trend. For the year ended March 31, 2026, Revenue from Operations totaled 85,255.36 lakhs. This compares to 26,443.77 lakhs in the...

Apollo Micro Systems Pivots to OEM Status, Driving Expansion into Indigenous Defence Platforms Apollo Micro Systems Limited announced a significant strategic pivot, outlining its transition from a critical electronics supplier to a full-fledged Original Equipment Manufacturer (OEM) within India’s defence sector. The company highlighted a transformative year, citing a renewed national focus on self-reliance and indigenous defence capabilities.The company stated that its strategic shift involved choosing the path of owning the platform, the intellectual property (IP), and the destiny that comes with those assets. This evolution is designed to capitalize on the national commitment to build robust, self-sufficient defence infrastructure...

EIH Associated Hotels Limited Gains Full Tax Relief After Appeal Success EIH Associated Hotels Limited has secured full relief regarding penalty demands related to the Income Tax Act, 1961, following a favorable order from the Commissioner of Income Tax (Appeals), Chennai [CIT(A)].The company had previously faced penalty orders issued under Section 270A of the Income Tax Act, 1961, for the financial years 2016-17 and 2017-18. The original penalty amounts were recorded as ₹27,80,943 for the financial year 2016-17 and ₹11,98,113 for the financial year 2017-18.Challenging these penalty orders, EIH Associated Hotels Limited had filed an appeal before the Commissioner of Income Tax (Appeals), Chennai.The company confirmed that the...