Markets

Allcargo Logistics Announces Strong Q4 FY26 Performance Following Domestic Supply Chain Merger Allcargo Logistics Limited announced its consolidated financial results for the quarter and full year ended March 31, 2026. The results follow the successful completion of the company’s restructuring plan and the merger of its domestic supply chain business, which comprises Express Distribution and Contract Logistics.The company began operating as a consolidated domestic logistics entity during the quarter, allowing for a more integrated approach across its express and contract logistics businesses. During Q4 FY26, the focus remained on driving operational efficiencies, strengthening pricing discipline, and enhancing service levels.Ketan...

Apple India Acquires Stake in Clean Max Taurus Private Limited; Subsidiary Status Changes Clean Max Enviro Energy Solutions Limited reported a significant change in its corporate structure after Apple India Private Limited completed the acquisition of equity shares in Clean Max Taurus Private Limited. The transaction, which occurred on 14 May 2026, resulted in Clean Max Taurus Private Limited ceasing to be a wholly owned subsidiary of the company.The acquisition was conducted on a private placement basis.Clean Max Enviro Energy Solutions Limited, which was formerly known as Clean Max Enviro Energy Solutions Private Limited, reported the transfer of ownership stakes involving its subsidiary.The details of the key transaction are as...

Sai Life Sciences Reports Strong FY26 Results, Noting 29% Topline Growth and 109% Jump in Net Profit Sai Life Sciences Limited, a leading Contract Research, Development, and Manufacturing Organization (CRDMO) in India, has announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported significant year-over-year growth across key metrics, indicating strong performance in the global life sciences sector.During the quarter, Sai Life Sciences highlighted its continued deepening of relationships with global pharmaceutical customers and its expansion of integrated CRDMO capabilities."FY26 was an important year for Sai Life Sciences as we continued to deepen our relationships with...

Allcargo Logistics Reports Q4 and FY26 Performance, Highlights Operational Expansion and Synergies Allcargo Logistics Limited has released its Investor Presentation detailing its financial performance for the fourth quarter and the full financial year ended March 31, 2026. The company highlighted its strategic focus on customer-centricity, technology-led solutions, and strengthening its presence in key market clusters.In a statement regarding its operational strategy, the company noted that the financial year 2026 was disciplined, marked by the merger of its consultative logistics business with its express business. Management cited visible improvements, including better yields and effective cost rationalization at both operating and...

Centum Electronics Announces FY26 Results, Dividend Recommendation, and Capital Structure Changes Centum Electronics Limited announced the outcomes of its Board of Directors meeting held on May 14, 2026. The Board approved the audited financial results (both standalone and consolidated) for the fourth quarter and the full financial year ended March 31, 2026.The Board also recommended a final Dividend of Rs. 5/- (representing 50% of the face value of Rs. 10/- per share) on the fully paid-up equity share capital. This dividend remains subject to approval by the Company's shareholders at the ensuing Annual General Meeting. The dividend is expected to be paid within 30 days of the shareholder approval.Corporate Actions and Capital...

Persistent Systems to Acquire Additional Shares Through Secondary Market Purchases Via ESOP Trust Persistent Systems Limited announced plans for the continued secondary market purchase of its equity shares by the company's ESOP Trust. This activity is aimed at meeting the vesting commitments of eligible employees under the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and the Employee Stock Option Plan 2017 (ESOP 2017).The ESOP Trust manages and administers the aforementioned employee stock option schemes, which were approved through shareholders' resolutions. When employees exercise their stock options, the Trust transfers the shares to the respective eligible employees through off-market transfer to their demat...

Hubtown Limited Announces Audited Financial Results and Key Appointments for FY 2026-27 Hubtown Limited announced the approval of its Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. The Board of Directors of the company also approved the appointment of new auditors for the Financial Year 2026-27.In its Board meeting held on May 14, 2026, the directors formally approved the audited financial results. Additionally, the Board announced the following appointments, based on recommendations from the Audit and Compliance Committee:M/s. Pipara & Co. LLP, Chartered Accountant, was appointed as the Internal Auditor for the Financial Year 2026-27. M/s. Shekhar Joshi & Co., Cost Accountant...

Diensten Tech Limited Approves Audited Financial Results for Year Ended March 31, 2026 Diensten Tech Limited announced the approval of its audited financial results for the fiscal year ended March 31, 2026, following the Board of Directors meeting held on May 14, 2026. The company's filings included comprehensive details of both consolidated and standalone financial performance, as well as statements of assets and liabilities.Financial Performance Highlights (Year Ended March 31, 2026) The company provided figures for the half year ended March 31, 2026, alongside the full year audited results.According to the statement of consolidated financial results, the total income from operations reached 11,22,167.22 ¥ Thousands for the half...

Carborundum Universal Reports Rs. 16 Crores Asset Write-down After Subsidiary Faces Operational Challenges Carborundum Universal Limited (CUMI) has reported a write-down of assets amounting to Rs. 16 Crores in its consolidated financial statements for the year ended March 31, 2026. The adjustment follows the conclusion that one of its subsidiaries, M/s. Foskor Zirconia Pty Limited (FZL), is no longer in a position to continue its operations.M/s. Foskor Zirconia Pty Limited (FZL) is a subsidiary of CUMI International Limited (CIL), which is a 100% wholly owned subsidiary of Carborundum Universal Limited and holds a 51% equity stake in FZL.The board of FZL determined that the subsidiary is not viable for continued operations. The...

Jagran Prakashan Limited: Appeals Filed Before NCLAT Regarding EOGM and Director Removal Jagran Prakashan Limited (JPL) is undergoing significant legal proceedings concerning its corporate governance and planned General Meetings. The Company’s related parties have filed appeals before the National Company Law Appellate Tribunal (NCLAT) regarding a crucial order passed by the NCLT, Allahabad.The NCLT, Allahabad, previously passed an order dated April 23, 2026, which dismissed C.A. Nos. 4, 5, and 6 of 2026. This order also vacated the stay that had been placed on convening the Extra Ordinary General Meeting (EOGM) of Jagran Prakashan Limited.Parallel to this, two appeals have been filed before the Hon'ble NCLAT.Jagran Media Network...

SKF India Limited Announces Q4 and Full Year Financial Results for FY2025-26 Pune, May 14, 2026: SKF India Limited, a leading technology and engineering bearing solutions provider for the automotive industry, announced its financial results on May 13, 2026, for the fourth quarter (Q4) and the full financial year (FY) ended March 31, 2026.For the quarter, SKF India reported standalone revenue from operations of INR 5,945.4 million and profit before exceptional items and tax of INR 533.8 million. This performance represents a +20.7% growth, driven by broad-based demand across key automotive segments, including two and three-wheelers, passenger vehicles, and commercial vehicles. The growth was supported by operational discipline...

Sigma Advanced Systems Secures Export Order for 155mm Artillery Shell Fuses Worth USD 11.4 Mn Hyderabad, 14 May 2026Sigma Advanced Systems Limited announced today that it has secured a significant export order valued at USD 11.4 Mn (approximately INR 107 Cr). The order is with a North American customer and pertains to the supply of Filled Fuses for 155mm artillery shells.The contract requires the supply of 90,000 units of Point Detonating M557 Filled Fuses. The execution of this order is scheduled to take place over a ten-month period, with deliveries expected to conclude within this timeframe.The company stated that the order is being executed using its in-house capabilities. The product was developed utilizing the company's...

Inventurus Knowledge Solutions Completes Acquisition of Arai Solutions Private Limited Equity Inventurus Knowledge Solutions Limited has successfully completed its acquisition of equity shares in Arai Solutions Private Limited. The transaction, which updates a previously reported event, was finalized on May 14, 2026.The company acquired 10,000 equity shares of Arai Solutions Private Limited. Each share has a face value of INR 10/-.According to the details released, the total consideration paid for the aforesaid event amounted to INR 11,00,00,000/-.The material details of the completed transaction are summarized below:ParameterDetailAcquiring CompanyInventurus Knowledge Solutions LimitedTarget CompanyArai Solutions...

Rashi Peripherals Reports Strong FY26 Performance, Achieving ₹158,273 Mn Revenue Driven by Q4 Growth Rashi Peripherals Limited, a leading national distribution partner for global technology brands in India, announced its financial results for the quarter and year ended March 31, 2026. The company reported strong growth momentum throughout the fiscal year, fueled by increasing demand for ICT products, sustained stocking in Tier-2 channels, and favorable pricing trends in key product categories such as Components and Storage.Financial Highlights The company demonstrated robust performance both quarterly and annually.For the quarter ended March 31, 2026 (Q4 FY26), the key financial results were:MetricValueYear-over-Year Growth...

Suzlon Energy Limited Details Vesting of Options Under ESOP 2022 Scheme Suzlon Energy Limited announced details regarding the vesting of employee stock options under its Employee Stock Option Plan 2022 (ESOP 2022). The options were granted by the Nomination and Remuneration Committee of the Board of Directors of the Company and its subsidiaries.The ESOP 2022 was formulated following the approval of the shareholders on September 29, 2022. Under the vesting schedule of the plan, 50% of the granted options were scheduled to vest on the first anniversary from the date of the grant, with the remaining 50% vesting on the second anniversary.The report outlines the comprehensive details of the options slated to vest in May 2026, covering...

Chalet Hotels Announces Financial Results for FY2026, Approves ₹10,000 Million Fund Raising, and Subsidiary Dilution Chalet Hotels Limited announced the outcomes of its Board Meeting held on May 14, 2026, confirming the audited Statement of Financial Results for the quarter and year ended March 31, 2026. The Board also recommended enabling approvals for raising funds and executing a partial stake dilution in its subsidiary.Key Strategic Decisions and Approvals At the Board Meeting, the company approved the audited financial results for the quarter and the year ended March 31, 2026.Additionally, the Board recommended two key transactions: 1. Fund Raising: Seeking enabling shareholder approval for raising funds through the issue of...

Allcargo Logistics Announces FY2026 Financial Results and Board Approvals Allcargo Logistics Limited announced key outcomes from its Board of Directors meeting held on May 14, 2026. During the meeting, the board considered and approved the audited financial results, statements of assets and liabilities, and the auditor's report for the Standalone and Consolidated books for the quarter and financial year ended March 31, 2026. The company also approved the convening of the 33rd Annual General Meeting (AGM) for September 16, 2026, and the continuation of directorship for Mr. Dinesh Kumar Lal.Financial Performance Summary The financial data, including statements of assets and liabilities and cash flow statements, reflects the company's...

Spunweb Nonwoven Limited Set to Exhibit at INDEX 2026 in Geneva Spunweb Nonwoven Limited has announced its participation in the upcoming industry event, INDEX 2026. The company will showcase its operations and developments at the international exhibition held in Geneva, Switzerland.The company representatives are set to attend the exhibition organized by INDEX. The event is scheduled to take place from May 19, 2026, to May 22, 2026.The logistical details of the company's involvement are as follows:DetailDescriptionEvent NameINDEX 2026OrganizerINDEXDurationMay 19, 2026, to May 22, 2026LocationPalexpo, Geneva, SwitzerlandModeIn-PersonDuring the event, Spunweb Nonwoven Limited may utilize a presentation or video...

Sai Life Sciences Releases FY26 Financial Results, Reporting Rs. 3,489.10 Million Profit and Rs. 36,261.40 Million Assets Sai Life Sciences Limited today released its financial results for the year ended March 31, 2026, along with unaudited results for the quarter ended March 31, 2026. The company reported significant annual figures across both standalone and consolidated statements.The Board of Directors noted the audited financial results for the standalone and consolidated entities, alongside the corresponding results for the quarter ended March 31, 2026. The statutory auditors, M/s. Deloitte Haskins & Sells LLP, issued an unmodified opinion on the Annual Audited Standalone and Consolidated Financial Results for the fiscal year...

Fujiyama Power Systems Approves Major Solar Expansion and Updates on Bawal Fire Incident Fujiyama Power Systems Limited announced key decisions regarding its solar manufacturing future, confirming the establishment of a 1.2 GW 'TOPCON' solar cell facility and detailing the commissioning of its 2 GW solar panel line at Ratlam, Madhya Pradesh. The company also provided an operational update following the recent fire incident at its Bawal facility in Haryana.The Board of Directors met on May 14, 2026, and reviewed, among other approvals, the audited financial results for the quarter and financial year ended March 31, 2026.Expansion and Manufacturing Milestones The company's integrated solar manufacturing expansion continues to...