Markets

South Indian Bank Revises Marginal Cost of Funds Based Lending Rates (MCLR) The South Indian Bank Limited announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR). The updated MCLR applicable for various tenors will be effective starting May 20, 2026.The bank released the updated rates, showing the revised MCLR across different lending tenors.Tenor MCLROvernight MCLR 7.95%One-month MCLR 8.40%Three-month MCLR 9.35%Six month MCLR 9.40%One year MCLR 9.45%The updated lending rates reflect the changes in the cost of funds for the bank across different loan tenors, effective May 20, 2026.SOUTHBANK Stock Price Movement Shares of The South Indian Bank Limited today slipped 1.24%, settling at ₹38.25...

Vascon Engineers Announces Board Decisions on Leadership Changes and Releases Financial Results for Q4 FY2026 Vascon Engineers Limited announced several key corporate actions following its Board of Directors meeting held on May 11, 2026. The board meeting approved the audited financial results for the quarter and year ended March 31, 2026, and saw several major changes in senior leadership and board composition.Leadership and Board Composition Updates The Board made significant appointments and changes to the board's leadership structure:New Chairman Appointed: Mr. Siddharth Vasudevan Moorthy was approved as the Chairman (Promoter and Managing Director) of the Company, effective May 15, 2026. Senior Personnel: Mr. Raveesh Rao...

IDBI Bank Announces Changes in Independent Directors on Board IDBI Bank Limited has announced changes concerning its Independent Directors on the Board. The bank stated that Shri Samaresh Parida (DIN 01853823) and Shri Jambunathan Narayanan (DIN 05126421) have ceased to serve as Independent Directors.The bank confirmed that this change is consequent to the completion of their two terms as Independent Directors. The transition is effective from May 18, 2026, at the end of the day.IDBI Stock Price Movement Shares of IDBI Bank Limited today slipped by 1.53% to settle at ₹69.5. The bank saw notable activity during the session, with 7.49 million shares transacted.

Transindia Real Estate Limited Receives Assessment Order from Income Tax Authority Transindia Real Estate Limited has reported receiving an Assessment Order from the Income Tax Authority pertaining to search proceedings conducted at certain company premises. This development is reported in continuation of the company's earlier disclosure regarding the search proceedings.The Income Tax Authority issued the assessment order under the provisions of the Income Tax Act, 1961. The order concerns the block period spanning from April 1, 2018, to April 5, 2025.The Company confirmed that the demand raised under this assessment order was ₹3,12,000, which has since been paid by Transindia Real Estate Limited.Key details of the assessment...

Gujarat Narmada Valley Fertilizers & Chemicals Reports Q4 FY26 Results, Highlights Capex Plans Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) announced details regarding its Q4 FY26 financial performance, reporting on the company's robust manufacturing activities and strategic capital allocation plans.The company’s Senior Executives participated in an Investor/Analysts meet to discuss the results, where they presented the Investor Presentation for Conference Call - Q4 FY 25-26.Financial Performance Analysis Speaking on the results, Mr. Rajkumar Beniwal, Managing Director, stated that the revenue improvement during Q4 Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) was primarily attributed to better sales...

Monte Carlo Fashions Approves FY26 Results, Recommends 200% Dividend, and Investment in Subsidiary Monte Carlo Fashions Limited announced key outcomes from its Board of Directors meeting held on May 18, 2026. The Board reviewed and approved the company's standalone and consolidated audited financial results for the quarter and financial year ending March 31, 2026. The Board also recommended a final dividend and approved a strategic investment in its subsidiary.Financial Performance and Key Figures The Board approved the financial results for the quarter and financial year ended March 31, 2026.According to the statement of Standalone Financial Results, the company's performance metrics for the year ending March 31, 2026, and the...

Transworld Shipping Lines Signs MOA for Sale of M.V. SSL Mumbai to Avana Logistek Limited Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has announced the execution of a Memorandum of Agreement (MOA) detailing the sale of one of its vessels. The agreement, signed on May 18, 2026, involves the sale of the M.V. SSL Mumbai to Avana Logistek Limited.The transaction pertains to the sale of the vessel owned by Transworld Shipping Lines Limited. The total consideration for the sale has been specified as US$ 3,500,000.Key details of the agreement include the identification of the parties, the purpose of the sale, and significant terms. The transaction is noted as not being a related party transaction...

Shivalik Bimetal Controls Reports Strong FY26 Performance with Consolidated PAT Up 24.8% and EBITDA Margin Expansion Shivalik Bimetal Controls Limited (SBCL) announced its audited financial results for the quarter and year ending March 31, 2026, highlighting a strong fiscal year marked by healthy revenue growth and improved earnings quality. The company reported that consolidated revenue from operations grew 12.3% year-over-year (YoY) to ₹570.9 crore. Profitability saw significant gains, with EBITDA increasing 26% YoY to ₹130.7 crore, and Profit After Tax (PAT) growing 24.8% YoY to ₹95.8 crore.Financial Performance Overview The financial results showcase an uptick in profitability and efficiency across the consolidated business...

HLE Glascoat Announces Audited Financial Results for Year Ended March 31, 2026 HLE Glascoat Limited announced key corporate actions and published its Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 18, 2026.During the Board Meeting, the company approved the Standalone and Consolidated Audited Financial Statements, which include the Balance Sheet as at March 31, 2026, Statement of Profit and Loss Account for the year ended on that date, and the Cash Flow Statement for the year ended March 31, 2026.The Board also recommended a final dividend of 55% (Rs. 1.10 per equity share of Rs. 2 each) for the financial year 2025-26, which is...

RBI Slaps ₹20,000 Penalty on Bihar Co-op Bank for Critical Credit Data Reporting Failure The Reserve Bank of India (RBI) has announced a monetary penalty against The Aurangabad District Central Co-operative Bank Limited in Bihar. The fine was imposed due to significant non-compliance regarding mandated credit information reporting guidelines.The penalty, amounting to ₹20,000 (Rupees Twenty Thousand only), was formalized by the RBI through an order dated May 14, 2026. The violation centers on the bank’s failure to adhere to specific directions issued by the central bank concerning 'Credit Information Reporting'.Core Violation Leading to Monetary Penalty The supervisory action was precipitated by an inspection of the bank’s financial...

Interarch Building Solutions Limited Denies Approval of Rs 10 Crore Share Buyback Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, has issued a clarification addressing market rumors concerning a share buyback. The company addressed reports circulated in the media, including Business Standard, and on the Groww application/platform, suggesting the approval of a buyback.The alleged buyback transaction specified in the reports was for Rs 10 crore at a price of Rs 2,000 per share.In its official clarification, Interarch Building Solutions Limited stated that the information regarding the buyback is factually incorrect, baseless, and misleading. The company emphasized that it has not...

ICRA Analytics Limited Board Recommends Dividend of Rs. 54 Per Share ICRA Analytics Limited, a wholly owned and material subsidiary of ICRA Limited, announced that its Board of Directors recommended a dividend on May 18, 2026.The recommendation specifies a dividend of Rs. 54 per equity share. The company's shares have a face value of Rs. 10 each. This recommendation results in a total recommended dividend amount of Rs. 53.7 crores.The key details of the dividend recommendation are as follows:Metric ValueDividend Per Share Rs. 54Face Value Per Share Rs. 10Total Recommended Dividend Rs. 53.7 croresICRA Stock Price Movement Shares of ICRA Limited today slipped by 0.19% to settle at ₹5365. The stock posted a total...

RBI Halts CCyB Activation After Empirical Review, Signaling Confidence in Banking System The Reserve Bank of India (RBI) has completed a review of the Counter-Cyclical Capital Buffer (CCyB) requirements for commercial banks. In a statement released on May 18, 2026, the RBI announced that based on extensive empirical analysis, there is no current need to activate the buffer.The decision maintains stability and suggests that the banking sector can absorb potential shocks without requiring additional mandatory capital buffers from banks. This move is viewed by market participants as a positive indicator of sustained economic resilience.Understanding the Counter-Cyclical Capital Buffer The framework for the Counter-Cyclical Capital...

Rama Phosphates Releases Audited Financial Results and Details Expansion Plans Rama Phosphates Limited, a manufacturer of various agricultural inputs including SSP Fertilizer, Sulphuric Acid, and Mix Micronutrients, has released its audited financial results for the quarter and year ended March 31, 2026. The company also provided details regarding significant operational expansions and key financial statements.The company’s products include SSP Fertilizer, Sulphuric Acid, Oleum 23%/65%, Chlorosulfhonic Acid, Edible Soya Oil, Soya De Oiled Cake, Lecithin, MgSO, ZnSO (Hepta & Mono Hydrate), Mix Micronutrients, Sulphur DP, SSF, Phospho Gypsum, and LABSA.Financial Highlights The consolidated Statement of Audited Financial Results shows...

Arvind SmartSpaces Appoints Shalaka Samant as Chief Design Officer Arvind SmartSpaces Limited announced the appointment of Ms. Shalaka Samant as Chief Design Officer, effective May 18, 2026. The company designated her role as Senior Management Personnel.The appointment marks Ms. Samant's inclusion in the company's senior leadership structure. She brings extensive experience spanning two decades across architecture, interiors, sustainability, and integrated project leadership. Her expertise covers a diverse range of large-scale developments, including residential, commercial, hospitality, healthcare, mixed-use, and township projects across India.Prior to joining Arvind SmartSpaces, Ms. Samant served as Head of Design (Pan India) at...

Triveni Turbine Board Approves FY26 Results, Recommends 200% Final Dividend Triveni Turbine Limited announced on May 18, 2026, the outcome of its Board of Directors meeting, during which it approved the audited standalone and consolidated financial results for the fourth quarter and the financial year ended March 31, 2026. The Board also recommended a final dividend and approved the re-appointment of key independent directors and the company’s Cost Auditor.Financial Results for the Year Ended March 31, 2026 The company presented audited financial results for the quarter and full year for both standalone and consolidated entities.Consolidated Financial Highlights (Amounts in z million):The consolidated statements show significant...

Shivalik Bimetal Controls Announces Financial Results for FY 2026 and Dividend Recommendation Shivalik Bimetal Controls Limited released its financial results and operational updates following its Board meeting on May 18, 2026. The company reported its audited standalone and consolidated financial results for the quarter and the financial year ended March 31, 2026.Financial Performance Highlights The company released comprehensive financial data for both standalone and consolidated entities.Consolidated Financial Highlights (₹ in lakhs)The consolidated financial results for the year ended March 31, 2026, showed a total revenue of ₹58,313.35 lakhs and a net profit for the year of ₹9,585.85 lakhs.Metric Quarter Ended March 31...

Windlas Biotech Completes Buyback and Extinguishment of 4.7 Lakh Equity Shares Windlas Biotech Limited successfully completed the buyback and subsequent extinguishment of 4,70,000 fully paid-up equity shares of its capital. The company confirmed the transaction, which took place on May 18, 2026.The buyback process was initiated following a Public Announcement dated April 18, 2026, which was published on April 20, 2026. The tendering period for the buyback opened on April 30, 2026, and concluded on May 07, 2026. During this period, the company acquired 4,70,000 fully paid-up equity shares, each having a face value of INR 5. These shares were bought back from eligible shareholders on a proportionate basis at a price of INR 1,000 per...

The provided text is a comprehensive offering document detailing the specifics of a corporate action, including the legal terms, mechanics, and disclaimers.Since you have not asked a specific question, I will provide a high-level summary and analysis of the key themes and disclosures in the document.***Summary and Key Analysis Points This document serves to inform prospective investors about the rights offering and the associated transaction. The key takeaways revolve around the mechanics of the offering, the risks involved, and the procedural requirements for participation.1. The Offering MechanismWhat is it? It is a rights offering. Eligibility: The rights are attached to the shares. Subscription Period: Investors have a...

GPT Healthcare Limited Board Approves FY26 Results, Recommends 15% Dividend GPT Healthcare Limited announced key decisions following its Board of Directors meeting held on May 18, 2026. The Board approved the audited financial results for the 4th quarter and the financial year ended March 31, 2026. The company also recommended a Final Dividend and approved matters pertaining to the upcoming Annual General Meeting (AGM).The Board confirmed that the Statutory Auditors, S R Batliboi & Co LLP, issued an audit report with an unmodified opinion on the audited financial results for the year ended March 31, 2026.Dividend Recommendation and AGM Details The Board recommended a Final Dividend of 15%, equating to ₹ 1.50 per equity share, for...