Markets

Jayesh Logistics Limited Utilizes IPO Proceeds for Fleet Expansion and Working Capital Jayesh Logistics Limited has received an official certification detailing the utilization of its Initial Public Offer (IPO) proceeds. The certificate, dated May 15, 2026, confirms that the company’s accounting records, including trial balances and bank statements, were reviewed to track fund deployment up to March 31, 2026.According to the review conducted by GGPS and Associates, the company has allocated its IPO funds across several key operational areas, including fleet expansion, technology implementation, and general working capital requirements.The utilization details are comprehensively laid out in the attached certificate, which tracks the...

Agneyastra Energetics Breaks Ground on ₹1,500 Crore Strategic Defence Manufacturing Facility in Andhra Pradesh Agneyastra Energetics Limited, a wholly owned subsidiary of Kalyani Strategic Systems Limited (KSSL), announced the groundbreaking of a major strategic defence manufacturing facility near Madakasira in Sri Sathya Sai District, Andhra Pradesh. This development represents a significant step in advancing India's indigenous capabilities in advanced energetics and ammunition systems.The integrated campus, spread across more than 1,000 acres, is planned for development with a strategic investment of ₹1,500 crore over the next 24 years. Utilizing advanced manufacturing technologies, high-safety testing infrastructure, and...

TVS Motor Company Strengthens EV Portfolio with Launch of King EV Max in Nepal TVS Motor Company, a prominent global manufacturer in the two and three-wheeler segments, has launched its connected passenger electric three-wheeler, the TVS King EV MAX, in the Nepali market. The introduction of the vehicle marks a significant push towards sustainable and future-ready urban mobility solutions.The TVS King EV MAX combines cutting-edge technology with eco-friendly innovation, delivering an efficient and smart mobility experience. The company continues to strengthen its leadership in last-mile connectivity with a diverse portfolio of innovative three-wheeler solutions, catering to both Internal Combustion Engine (ICE) and Electric Vehicle...

BuzzWorks Launches in Mysuru and Unveils Multi-City Expansion Blueprint for 2026 BuzzWorks, the managed office and co-working arm of the Brigade Group, has announced a strategic expansion into Mysuru and detailed its multi-city blueprint for 2026. The company is targeting the rising demand from Global Capability Centers (GCCs) and startups by launching new Grade-A managed centers across Mysuru, Bengaluru, and Chennai.BuzzWorks marked its entry into Mysuru with the launch of Brigade Vantage on Vinoba Road. This new center offers over 500 seats and is situated within the 1.3 lakh sq. ft. Brigade Vantage commercial campus. The facility integrates modern infrastructure with design elements inspired by Mysuru’s rich cultural heritage...

Welspun Living Board Approves Rs 252 Crore Buyback, Dividend, and CleanMax Dhyuthi Stake Acquisition Welspun Living Limited (WLL) announced major corporate decisions following its Board of Directors meeting on May 15, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026, while also recommending a dividend and approving a substantial share buyback plan.The company also finalized the acquisition of a stake in CleanMax Dhyuthi Private Limited (CDPL) and made key appointments to its management structure.Financial Performance for FY2026 The audited financial results for the quarter and year ended March 31, 2026, show Welspun Living Limited (WLL) navigating a challenging industry backdrop...

ITC Hotels Limited Approves Audited Financial Results and Recommends Final Dividend for FY26 ITC Hotels Limited announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and twelve months ended March 31, 2026. The company also recommended a Final Dividend and the appointment of a new Non-Executive Director.Financial Performance Highlights The Board of Directors approved the audited financial results for the quarter and full year for both Standalone and Consolidated books.Consolidated Financial Highlights (in Crores)Metric 3 Months ended 31.03.2026 (Audited) 3 Months ended 31.03.2025 (Audited) Twelve Months ended 31.03.2026 (Audited) Twelve Months ended 31.03.2025 (Audited)Total...

Poddar Pigments Approves FY 2026 Results and Recommends 40% Final Dividend Poddar Pigments Limited announced key outcomes from its Board of Directors meeting held on May 15, 2026. The Board approved the Audited Financial Results for the quarter and the full financial year ended March 31, 2026.The Company also recommended a Final Dividend of 40%, translating to Rs. 4 per equity share of Rs. 10 each, for the financial year ended March 31, 2026. This dividend recommendation is subject to the approval of the shareholders at the ensuing 35th Annual General Meeting. Furthermore, the Board fixed the Book Closure date as 7 days prior to the date of the 35th Annual General Meeting.The Board's approval was extended to the audited financial...

Wheels India Limited Announces Financial Results for FY 2026 and Dividend Recommendation Wheels India Limited announced its financial results for the year ended March 31, 2026, following its Board meeting held on May 15, 2026. The Board recommended a final dividend and outlined key operational and financial figures for both standalone and consolidated results, while also detailing the schedule for the upcoming Annual General Meeting.Dividend and Corporate Actions The Board of Directors recommended a final dividend of Rs. 9.14 (91.4%) per equity share of Rs. 10/- each for the financial year 2025-2026. This dividend is subject to the approval of the members at the ensuing Annual General Meeting (AGM). The dividend, if approved, is...

IPO Pipeline Under SEBI Scrutiny: Key Companies Awaiting Clearance Amid Regulatory Review SEBI (Securities and Exchange Board of India) provided a detailed update on the processing status of draft offer documents as of May 15, 2026. The report underscores the continuous and rigorous regulatory oversight applied to companies seeking to raise capital through Initial Public Offerings (IPOs).The filing process, mandated under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, requires issuers to file comprehensive documentation through registered merchant bankers. The update serves as a critical snapshot of the volume and timing of market entry for various listed entities.Key Companies Under Active SEBI Document...

Aether Industries Reports Financial Results for FY 2026; Appoints Senior Managerial Personnel Aether Industries Limited announced the outcome of its Board of Directors meeting held on May 15, 2026. At the meeting, the Board considered and approved the audited Standalone and Consolidated Financial Results for the Fourth Quarter and the Financial Year ended March 31, 2026. Furthermore, the company announced the appointment of Mr. Guenter Stevens as a Senior Managerial Personnel.Personnel Appointment Aether Industries Limited appointed Mr. Guenter Stevens to the position of Business Development Leader - Europe. The appointment is effective from the opening business hours of June 1, 2026. Mr. Guenter is described as an innovation-driven...

Felix’s Subsidiary, Felix Prime Metals, Acquires Tierra Fertilizer for Metals Recycling Expansion Felix Industries Limited's subsidiary, Felix Prime Metals Private Limited, has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Tierra Fertilizer Private Limited. The acquisition, finalized via an agreement dated May 15, 2026, aims to bolster the subsidiary's capabilities in metals recycling and recovery.The purchase of Tierra Fertilizer Private Limited provides Felix Prime Metals with immediate access to a ready-to-operate manufacturing facility. This facility is crucial for the recycling and recovery of metals from both hazardous and non-hazardous waste, thereby supporting the group’s planned...

MPS Limited Announces Financial Results for Q4 and FY 2026; Approves Governance Appointments MPS Limited announced the approval of its audited financial results for the Fourth Quarter (Q4) and the Financial Year ended March 31, 2026, during a Board of Directors meeting held on May 15, 2026. The Board also confirmed key appointments for the company’s governance structure, including internal and statutory auditors.The company confirmed that M/s. Walker Chandiok & Co LLP, Chartered Accountants, issued an Auditor's Report on the Standalone and Consolidated Audited Financial Results, stating an unmodified opinion.Financial Performance Review The Board of Directors approved the Audited Financial Results for the Fourth Quarter and the...

DMCC Speciality Chemicals Announces Results, Recommends Dividend Following Board Meeting DMCC Speciality Chemicals Limited, formerly known as The Dharamsi Morarji Chemical Company Limited, announced the outcomes of its Board of Directors meeting held on May 15, 2026. The board considered and approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026.The company also recommended a final dividend of 25% (Rs. 2.50/- per equity share of Rs. 10/- each) for the Financial Year ended March 31, 2026, which is subject to shareholder approval at the ensuing Annual General Meeting (AGM).During the board meeting, the company also announced key appointments and dates:Cost Auditor...

Noida Toll Bridge Announces Financial Results for Q4FY26 and Full Year FY26 Noida Toll Bridge Company Limited (NTBCL) today announced its audited financial results for the Quarter and Year ended March 31, 2026 (Q4FY26 and FY26). The Board of Directors reiterated its commitment to maintaining the DND Flyway, a critical urban mobility corridor connecting Delhi and Noida, serving over 2.5 lakh daily commuters.The Company provided a detailed update on its operational stability, financial performance, and continuous upkeep efforts for the DND Flyway.Financial Performance Highlights The financial results show a significant uplift year-over-year, largely attributed to one-time exceptional income received during the reporting period.For...

Bhageria Industries Limited Shifts Registered Office to New Location in Malad Bhageria Industries Limited has completed the transition of its Registered Office. The company officially shifted its corporate headquarters from its previous location in Goregaon (West) to a new address in Malad (West), Mumbai, effective May 15, 2026.The change in the Registered Office moves the corporate center from Office No. 1002, 10th Floor, Topiwala Centre, Off S.V. Road, Goregaon (West), Mumbai City, Maharashtra - 400062. The new registered office is situated at 17th Floor, Office No. 1702, 9 Business Bay, Off New Link Road, Mindspace, Behind Evershine Mall, Malad (West), Mumbai - 400064.The company operates from multiple facilities across India...

ITC Hotels Acquires 100% Stake in Zuri Hotels and Resorts Private Limited ITC Hotels Limited announced the execution of a Share Purchase Agreement, following approval by its Board of Directors on May 15, 2026, to acquire 100% of the share capital of Zuri Hotels and Resorts Private Limited (ZHRPL).The acquisition positions ITC Hotels to strengthen its luxury portfolio by securing a stake in a strategically important, high-growth leisure destination. The acquired resort property is slated for renovation and rebranding as a premier luxury destination, aiming to unlock brand-led value and establish itself as a leading destination for leisure travelers and high-profile MICE (Meetings, Incentives, and Conferences) clientele.Operational...

Solve Plastic Products Limited Board Approves IPO Variation and Postal Ballot Report Solve Plastic Products Limited, formerly known as Solve Plostic Products Pvt Ltd, announced that its Board of Directors held a meeting on May 15, 2026. During the meeting, the Board, along with the Audit Committee, discussed and passed resolutions concerning the company’s capital structure and corporate governance procedures.The resolutions approved by the Board and Audit Committee included two key areas: the variation in the utilization of the Initial Public Offering (IPO) proceeds, and the submission of a report pertaining to the company’s postal ballot.The company specified that the postal ballot was conducted via electronic means through a...

Alembic Pharmaceuticals Announces Board Approvals and Recommends 600% Dividend for FY 2025-26 Alembic Pharmaceuticals Limited announced that its Board of Directors approved the Standalone and Consolidated Audited Financial Results for the quarter and the financial year ended March 31, 2026. The Board also recommended a dividend of Rs. 12 per Equity Share, equating to 600% for the financial year ended March 31, 2026, subject to shareholder approval.The company provided detailed financial statements for investors, covering the Standalone and Consolidated audited results, along with the Statement of Assets and Liabilities and Consolidated Statement of Cash Flows.Financial Results Highlights Standalone Financial Performance The...

Jain Irrigation Reports Strong Double-Digit Growth in Consolidated Revenue and EBITDA for FY26 Jain Irrigation Systems Limited (JISL) reported robust consolidated financial results for the quarter and full year ended March 31, 2026, highlighting strong performance across its diversified business segments. The company recorded consolidated revenue of ₹6,399.5 crore in FY26, marking a 10.7% year-over-year (YoY) increase, while consolidated EBITDA grew by 12.8% to ₹808.9 crore.JISL, a leading diversified entity since 1986, specializes in pioneering water management solutions through micro-irrigation. The company maintains a global presence with 19 manufacturing bases spanning four continents and serves over 10 million farmers across 126+...

Dalmia Bharat Appoints Tej Narayan Singh as Unit Head for Ramgarh and Gangapur Units Dalmia Bharat Sugar and Industries Limited has announced the appointment of Shri Tej Narayan Singh as the Unit Head for the company's Ramgarh and Gangapur Units in Uttar Pradesh. The appointment, made by the Nomination and Remuneration Committee, places him in the category of Senior Management Personnel.Shri Tej Narayan Singh was appointed to the role on May 15, 2026.The company reported that Mr. Singh brings substantial operational expertise and strong leadership skills to the role. He possesses rich experience spanning 31 years in managing sugar units, coupled with an educational background that includes an MBA in Finance and a Diploma in...