Markets

Committed Cargo Care Limited Reports Transmission of Preferential Warrants to Promoter Successor Committed Cargo Care Limited announced the transmission of preferential warrants belonging to a promoter group member following his demise. The company confirmed that the transmission was effected in favor of the nominee and legal successor, Mr. Rajeev Sharma.The company had initially allotted 2,41,666 convertible warrants to Mr. Devi Prasad, who belonged to the Promoter Group category. This allotment took place on February 11, 2025, following shareholder approval at an Extraordinary General Meeting held on January 17, 2025.The company reported the demise of Mr. Devi Prasad on June 19, 2025. Subsequent to this event and after verifying...

Baazar Style Retail Limited Opens Two New Stores, Boosting Footprint in Uttar Pradesh and Bihar Baazar Style Retail Limited announced a significant expansion of its physical presence, opening two new Style Baazar outlets in key North Indian markets. The company launched the new stores in Chitaipur, Uttar Pradesh, and Muzzafarpur, Bihar, on May 15, 2026.With the addition of these two locations, the retail giant reported that its total number of stores now stands at 272.The expansion underscores Baazar Style Retail Limited’s continued focus on increasing its reach across different geographical areas.The total store count following the recent openings is summarized below:Metric CountNew Stores Opened 2Locations Chitaipur...

Hester Biosciences Limited Board Approves Re-classification Submission for Promoters Hester Biosciences Limited announced on May 15, 2026, that its Board of Directors approved the submission of an application to the listed stock exchanges, the National Stock Exchange of India Limited and BSE Limited. This submission pertains to obtaining a No Objection Certificate for the re-classification of shares held by certain promoter shareholders.The board meeting addressed the earlier requests received from Mr. Ravin Gandhi and Ms. Bela Gandhi, both associated with the promoter group.In confirming the status of the promoter shareholders, the company noted that Mr. Ravin Gandhi and Ms. Bela Gandhi confirmed their satisfaction of the specified...

Devyani International Completes Management Overhaul with Key Director Re-appointment and New Executive Hires Devyani International Limited announced significant updates to its senior management and internal audit team following its Board of Directors meeting held on May 15, 2026. The board approved the re-appointment of a key director, the appointment of two new senior executives, and the re-appointment of the company's internal auditors for the upcoming fiscal year.The board focused on strengthening leadership across its operations and governance structure.Key Appointments and Director Updates The company announced the re-appointment of Mr. Manish Dawar as a Whole-time Director, taking on the role of President and Chief Executive...

Jain Irrigation Reports 10.7% Annual Revenue Growth for FY26; EBITDA Margin at 12.6% Jain Irrigation Systems Limited (JISL) reported its financial results for the quarter and year ended March 31, 2026. The company, along with its subsidiaries and associates, is engaged in manufacturing Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, and Financial Services.The financial results highlight key performance indicators for both the fourth quarter (Q4FY26) and the full fiscal year (FY26).Quarterly and Annual Financial Results The company's consolidated financial performance is detailed below, comparing Q4 results and full-year numbers against the...

Subex Limited Announces Q4 FY26 Consolidated Results; Profit Jumps to ₹2,853 Cr Subex Limited, a telecom AI company, announced its consolidated financial results for the quarter and year ended March 31, 2026. The results highlight a significant turnaround in profitability, with the consolidated profit after tax for the fiscal year ending March 31, 2026, reported at ₹2,853 million, compared to a loss of ₹3,144 million in the previous year.During the quarter ended March 31, 2026, the consolidated revenue reached ₹7,296 million, marking a sequential increase from ₹7,079 million in the quarter ended December 31, 2025.Financial Performance Snapshot The financial data underscores a strong recovery trajectory for the group. For the quarter...

Hester Biosciences Announces FY26 Financial Results; Profitability Surges Across Divisions Hester Biosciences Limited announced the audited financial results for the quarter and the full fiscal year ended March 31, 2026. The company reported significant year-over-year growth in both standalone and consolidated performance, driven by robust operational execution and improved profitability across its key divisions.Standalone and Consolidated Financial Performance The financial results for the year ended March 31, 2026, reflected a strong year for the company.Financial Highlights (INR Million)Particulars Unit Q4 FY26 Q4 FY25 Standalone Change % (Q4) FY26 FY25 Standalone Change % (FY)Revenue from Operations INR Million 937.13...

Fujiyama Power Systems Commissions 2,000 MW Solar Manufacturing Facility at Ratlam Fujiyama Power Systems Limited, a leading provider of rooftop solar solutions in India, has announced the commissioning of its 2,000 MW solar panel manufacturing facility in Ratlam, Madhya Pradesh. The expansion marks a significant milestone in the company's efforts to strengthen its integrated solar manufacturing capabilities.The Ratlam facility is part of a large-scale greenfield expansion project designed to boost the company’s manufacturing scale. The facility has been planned with an overall manufacturing capacity of 2,000 MW each for solar panels, inverters, and batteries.The plant will initially begin operations at an annualized capacity of...

Dolat Algotech Limited Incurs Penalty of Rs. 1,18,000 for Limit Violation Dolat Algotech Limited announced that the company received a communication regarding a penalty levy for a violation related to its Trading Member/Fund Portfolio Investor (TM/FPI) limits. The penalty was directed by NSE Clearing Limited.The penalty pertains to a TM/FPI Limit Violation, with the communication received by the company on May 14, 2026.The company confirmed that the total penalty amounts to Rs. 1,18,000/-. This fine comprises a basic fine of Rs. 1,00,000/- plus GST amounting to Rs. 18,000/-.The financial impact statement noted that the levied penalty does not materially affect the company’s financials, operations, or other activities, beyond the...

Indoco Remedies Reports Demise of Non-Executive Director Dr. Anand Nadkarni Indoco Remedies Limited reported the sad demise of its Non-Executive Director, Dr. Anand Nadkarni, on Friday, May 15, 2026.The Company stated that the association of Dr. Anand Nadkarni as a Non-Executive Director was beneficial to the firm, and his passing is considered an irreparable loss to the organization. The company extended its deep condolences to his family.Details regarding the cessation of his association were recorded in a formal statement, confirming the key details of the director's tenure change.Particulars DetailsName Dr. Anand Nadkarni (DIN: 06881461)Role Non-Executive DirectorReason for Change DemiseDate of Cessation May 15...

Hester Biosciences Reports Strong Growth for FY26, Recommends Dividend, and Updates Key Holdings Hester Biosciences Limited announced its audited financial results for the quarter and full year ended March 31, 2026. The company's performance showcased significant growth, particularly in its Poultry Healthcare segment, while the Board of Directors also recommended a dividend and approved a key divestment of its subsidiary interest.The company reported strong year-over-year growth across its key segments, driven by improved operational execution and product mix.Financial Highlights (FY26) Hester Biosciences recorded substantial increases in both standalone and consolidated revenues and profitability for the fiscal year 2026 compared...

KPI Green Energy Appoints New Directors and Reappoints Independent Director at Board Meeting KPI Green Energy Limited announced key changes to its board composition following a Board Meeting held on May 15, 2026. The company approved the appointment of Mr. Rajesh Shrivastava as an Additional Director and Whole Time Director, alongside the re-appointment of Mrs. Venu Birappa as an Independent Director for a second term.The Board of Directors considered and approved these appointments, subject to the subsequent approval of the Company’s Shareholders.Appointment of Mr. Rajesh Shrivastava Mr. Rajesh Shrivastava was appointed as the Additional and Whole Time Director of KPI Green Energy Limited. His appointment is effective from May 15...

Fujiyama Power Systems Posts Strong FY26 Results, Scales Solar Manufacturing at Ratlam Fujiyama Power Systems Limited, a leading provider of rooftop solar solutions, has released its audited annual financial results and limited reviewed quarterly financial results for the period ending March 31, 2026. The company reported robust year-on-year growth across key financial metrics, alongside significant operational expansions in its manufacturing and distribution networks.The company specializes in solar panels, inverters, lithium and tubular batteries, chargers, and power-electronics systems, serving the B2C segment through a deep network of channel partners.Financial Performance Snapshot The company's financial results show strong...

PGIM India Announces IDCW Declaration Across Several Schemes PGIM India Asset Management Private Limited reported the approval of declaring Income Distribution cum Capital Withdrawal (IDCW) for several schemes under the PGIM India Mutual Fund. This declaration was made following a meeting on May 12, 2026.The IDCW declaration spans multiple schemes and plans, affecting funds such as the PGIM India Arbitrage Fund, Hybrid Equity Fund, and GIM India Equity Savings Fund.Unit details pertaining to the IDCW declaration include:Name of the Schemes Plans / Options Quantum of unit (Gross of Statutory Levy, if any)* Face Value Rs Per Unit NOW are Option as on May 12, 2026 ( per unit)*PGIM India Arbitrage Fund Regular Plan - Monthly IDCW...

Trust Fintech Limited Secures 10-Year Purchase Order from KDCC Bank Trust Fintech Limited has announced that it has secured a significant Purchase Order from KDCC BANK. The contract covers the supply, implementation, integration, and SaaS subscription of Add-On Software Modules, alongside related services.The agreement with KDCC BANK outlines a comprehensive, 10-year contract period. The services provided include both software add-ons and supporting implementations. A key financial term is the escalation clause, which mandates a yearly 5% increase in the software subscription and infrastructure rental/subscription charges starting from the second year.The transaction, awarded by a domestic entity, carries substantial financial...

Aequs and IIT Dharwad Launch Advanced Materials R&D Ecosystem Dharwad, Karnataka, May 15 - Aequs group and the Indian Institute of Technology Dharwad (IIT-D) have established an advanced research and development ecosystem focused on materials science and manufacturing innovation at the IIT-D campus.The new facility is equipped to support advanced material characterization, failure analysis, and manufacturing process simulation and optimization. This initiative aims to foster deeper industry-academia collaboration, particularly in precision-driven manufacturing domains. The collaboration lays the foundation for a dedicated 'IIT Dharwad - Aequs Research and Development Center,' which is set up to accelerate applied research, foster...

Amagi Media Labs Receives Tax Assessment Order Regarding International Transactions Amagi Media Labs Limited has received an assessment order from the Income Tax Department concerning its international inter-company transactions. The order, dated May 14, 2026, proposes a significant adjustment related to the classification of certain overseas entities.The assessment order was issued by the Income Tax Department and the Deputy Commissioner of Income Tax, Circle 1(1)(1), Bengaluru. The dispute centers on the application of transfer pricing provisions under the Income Tax Act, 1961.According to the department's assessment, conducted under Section 143(3) of the Income Tax Act, 1961, certain overseas entities were categorized as...

Dr. Agarwal's Health Care Limited Receives Show Cause Notice from GST Authorities Dr. Agarwal's Health Care Limited has confirmed receiving a Show Cause Notice (SCN) concerning alleged discrepancies in tax filings for the financial year 2022-23. The notice, dated May 14, 2026, originated from the Office of the Assistant Commissioner, GST & Central Excise in Nungambakkam, Chennai.The SCN addresses several discrepancies in the returns and statements filed by the company for the aforementioned financial year.The Notice details allegations related to:Difference in Output Turnover Short Payment of Tax under RCM Exempted, Nil rate, or Non GST supplies Excess claim of ITC (Input Tax Credit) Claim of ineligible ITC Non-Compliance of...

Ampere Magnus G Max Wins 'Family Scooter of the Year' at Times Drive Auto Summit 2026 Greaves Electric Mobility Limited (GEML), a subsidiary of Greaves Cotton Limited, has received recognition for its e-scooter, the Ampere Magnus G Max. The model won the 'Family Scooter of the Year' award at the prestigious Times Drive Auto Summit and Awards 2026, while also being noted for being one of India's best affordable EVs under ₹1 Lakh.The award reinforces GEML's Ampere brand's growing presence in India's electric mobility market. The Magnus G Max, launched in January 2026, is positioned as a next-generation family electric scooter designed for everyday commuting and is built to offer a combination of performance, technology, and usability...

HOAC Foods India Launches First Retail Store Outside Delhi NCR, Expanding Presence into Madhya Pradesh Hoac Foods India Limited has achieved a key milestone in its expansion journey by commencing operations at its first retail outlet located outside the Delhi NCR region. This new establishment marks a significant step towards the company’s goal of increasing its retail footprint across key growth markets in India.The company inaugurated its new store in Bhopal, Madhya Pradesh. The facility is located at Plot No. 87, Ground Floor, New Colony, Lal Ghati, Bhopal, Madhya Pradesh 462030. This outlet spans approximately 240 sq. ft. and is strategically positioned in a high potential porch/front-facing area, which is expected to drive strong...