Markets

NTPC Group Increases Capacity with New Solar Project Contributions NTPC Limited's group capacity saw an update following declarations of Commercial Operation Date (COD) from its subsidiary, NTPC Green Energy Limited (NGEL). The additions pertain to solar projects located in Rajasthan, boosting the group's overall installed and commercial capacities.The capacity additions were reported with an effective date of May 15, 2026. The contributions came from two separate projects:Project NameSecond Part Capacity (MW)Cumulative Capacity (MW)LocationProject Eleven Renewable Power Private Limited12.5100RajasthanProject Sixteen Renewable Power Private Limited50200RajasthanFollowing these additions, the total installed capacity of...

Jyoti Structures and Hayleys Fentons Partner for Sri Lanka's 220kV Power Transmission Line Jyoti Structures Limited (JSL), a listed global Engineering, Procurement, and Construction (EPC) company, has announced a major expansion of its international power transmission portfolio through a joint venture with Hayleys Fentons Limited. The partnership is focused on constructing the Mannar -Mullikulam 220kV Double Circuit Transmission Line in Sri Lanka.The contract involves the development of critical transmission infrastructure required to evacuate power generated by the Mullikulam Wind Power Projects into Sri Lanka's national grid. The project was awarded by the newly established National Transmission Network Service Provider (Private)...

Bharat Bijlee Limited Sets Revised Record Date for Final Dividend for Financial Year 2026 Bharat Bijlee Limited announced that the revised record date for determining shareholder entitlement to the Final Dividend for the Financial Year ended March 31, 2026, is Wednesday, July 15, 2026.The company confirmed the change in the record date, which follows previous communications regarding the shareholder dividend process.The dividend, if approved by the shareholders at the ensuing 79th Annual General Meeting (AGM) of the Company, will be paid on or before its due date. Shareholder entitlement will be based on names appearing on the Register of Members and to the Beneficial Owners of the Shares as of the revised record date.***Key...

Meghmani Organics Reports Q4 FY26 Results: Revenue from Operations at ₹ 456.6 Crore Meghmani Organics Limited (MOL), a fully integrated diversified chemical company, has announced its financial results for the fourth quarter and the financial year ended March 31, 2026. The company’s performance data highlights varied trends across its key segments, including Crop Protection and Pigments.Financial Highlights for FY26 For the quarter under review (Q4 FY26), the company reported revenue from operations of ₹ 456.6 crore. This represented a 9% year-over-year decline, while EBITDA stood at ₹ 26.2 crore, down 59% from ₹ 64.6 crore in the corresponding quarter the previous year.On an annual basis for the financial year 2026 (FY26), MOL...

Indian Hume Pipe Announces Financial Results for FY 2026 and Recommends Dividend Indian Hume Pipe Company Limited announced the outcomes of its Board of Directors meeting held on May 14, 2026. The company released its Annual Audited Standalone Financial Results for the fourth quarter and the full financial year ended March 31, 2026.The statutory auditors, M/s. K. S. Aiyar & Co., issued an Unmodified Opinion on the financial results for the year ended March 31, 2026.Financial Highlights and Dividend Recommendation The Board of Directors recommended a total dividend of 5/- (Rupees Five only) per equity share of face value of 2/- each, representing a 250% payout. This total dividend is composed of:Normal Dividend: 2/- (Rupees Two...

Muthoot Finance Releases Financial Results for Q4 FY 2026; Approves Board Changes Muthoot Finance Limited announced the consideration and approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors of the company held its meeting on May 14, 2026.The company released its audited standalone and consolidated financial statements for the year ended March 31, 2026, alongside the financial results for the quarter ending March 31, 2026.Financial Performance Snapshot The financial statements provided key data points for the full fiscal year and the recent quarter.Total consolidated income reached 3,12,634.10 (Rs. in Millions) for the year ended March 31, 2026...

Siemens Energy India Reports Q2 FY2026 Results: Revenue Up 27.4%, Profit from Operations Improves 38.9% Siemens Energy India Limited announced its financial results for the second quarter of the fiscal year 2026. The company reported significant year-over-year increases across key financial metrics, highlighting strong operational momentum and a robust order backlog.According to the company’s financial summary, the revenue from operations for the quarter ended March 31, 2026, reached INR 2,394 crore, marking a 27.4% rise year-on-year. Profit from operations (EBIT) saw a substantial increase, rising by 38.9% to 464 crore, while the profit after tax reached 375 crore, up 52.4% year-on-year. The order backlog also showed consistent...

Mahindra & Mahindra Transfers Shares to Stock Option Grantees on May 14, 2026 Mahindra & Mahindra Limited announced a significant transfer of equity shares on May 14, 2026. The transaction involved the transfer of shares from the Mahindra & Mahindra Employees' Stock Option Trust to a list of designated Stock Option Grantees.The transfer was executed through the exercise of Stock Options granted under the Company's established Employees' Stock Option Scheme.The Company provided a detailed list identifying the grantees and the respective quantities of shares received. The transaction involved 88 recipients and resulted in the transfer of a total of 68,019 equity shares.The following table details the Stock Option Grantees who...

RBI Restores NBFC Certificate of Registration for Krishna Capfin Limited Amid Regulatory Compliance Focus The Reserve Bank of India (RBI) has announced a significant regulatory action, restoring the Certificate of Registration (CoR) for a Non-Banking Financial Company (NBFC). This development marks a key procedural move by the central bank regarding corporate compliance.The restoration of the CoR for Krishna Capfin Limited was issued following careful consideration of orders passed by the Appellate Authority or Courts. This move provides clarity and structure to the operational standing of the specified NBFC.Key Details of CoR Restoration The RBI confirmed the restoration details in a press release dated May 14, 2026. The company...

Zee Media Corporation Faces Commercial Suit Over Alleged Copyright Infringement in Kolkata Zee Media Corporation Limited has received intimation of a commercial suit filed against the company regarding allegations of copyright infringement. The legal proceedings were initiated before the Hon'ble Commercial Court at Rajarhat (District North 24 Parganas) in Kolkata, West Bengal.The company had previously received notice regarding Pre-Institution Mediation proceedings at the Alternative Dispute Redressal Center, Kolkata, on December 15, 2025. Subsequently, Zee Media Corporation informed that it received an intimation on the evening of May 13, 2026, concerning the filing of the commercial suit in the aforementioned court.The dispute...

Vraj Iron and Steel Limited Approves Cost and Internal Auditors for Financial Year 2026-27 Vraj Iron and Steel Limited, formerly known as VRAJ IRON AND STEEL Pvt. Ltd. & PHIL ISPAT Private Limited, announced that its Board of Directors approved the appointments of both Cost Auditors and Internal Auditors for the financial year 2026-27. The approvals were finalized at the Board meeting held on May 14, 2026.The Board approved the appointment of M/s Sanat Joshi & Associates as Cost Auditors to audit the Cost Accounts of the company for the financial year 2026-27. Additionally, M/s Amit Kumar Agrawal & Co. was appointed as the Internal Auditors to conduct the internal audit of the company for the same financial year.The detailed...

STL Networks Limited Issues Corrigendum Regarding Postal Ballot Notice for Preferential Issue STL Networks Limited released a Corrigendum to its Notice of Postal Ballot on May 14, 2026, providing additional information regarding a proposed preferential issue to the company’s promoter.The Corrigendum was issued following requests from the Stock Exchanges for clarification concerning the proposed preferential issue, specifically the issuance of warrants convertible into Equity Shares to Twin Star Overseas Limited, the promoter of the company. This additional information serves as a continuation of the original Postal Ballot Notice, which was initially dispatched to members on April 19, 2026.The key update provided in the Corrigendum...

Ganges Securities Limited Announces Audited Financial Results and Key Corporate Appointments Ganges Securities Limited announced its audited financial results for the year ended March 31, 2026. During a board meeting held on May 14, 2026, the company formally approved the Annual Financial Results, alongside making key appointments regarding its internal audit structure.The Board of Directors approved the Audited Annual Financial Results (both Standalone and Consolidated) for the financial year ending March 31, 2026. Furthermore, the Board approved the re-appointment of M/s M Parasrampuria & Co., Chartered Accountants, as Internal Auditors for the Financial Year 2026-27. The Board, however, did not recommend any dividend for the year...

RBI Slaps ₹1.50 Lakh Penalty on Jilla Sahakari Kendriya Bank for Major Compliance Lapses The Reserve Bank of India (RBI) has taken regulatory action against Jilla Sahakari Kendriya Bank Maryadit, Seoni, Madhya Pradesh. The bank has been subjected to a monetary penalty of ₹1.50 lakh. This action highlights the regulator's commitment to mandatory statutory compliance across the banking sector.The penalty was imposed via an order dated May 12, 2026. The charges pertain to the bank’s contravention of provisions within the Banking Regulation Act, 1949. Specifically, the lapses relate to Section 26A read with Section 56 of the Act and non-adherence to key 'Know Your Customer' directions issued by the RBI.Grounds for Imposing the Monetary...

Cyient Limited Grants Total of 1,20,035 Stock Options/RSUs to Associates Cyient Limited announced the grant of a total of 1,20,035 stock options and Restricted Stock Units (RSUs) to the company and its subsidiaries' associates. The options were distributed under two specific plans: ARSUS 2020 and ASOP 2023.The grant details, which represent the total number of options provided, are summarized below:Plan NameOptions GrantedARSUS 202081,915ASOP 202338,120Total1,20,035The total grant of 1,20,035 stock options ensures that the company's associates benefit from the specified incentives under the respective plans.CYIENT Stock Price Movement Cyient Limited shares today slipped by 1.19% to settle at ₹871.85 in post-market...

GTL Limited Announces Financial Results for the Year Ended March 31, 2026; Auditors Issue Modified Opinion GTL Limited announced the approval of its Audited Financial Results for the quarter and year ended March 31, 2026. The company stated that the Board of Directors approved the results during a meeting held on May 14, 2026.The Company's financial results are presented below, covering key metrics for the quarters and years ended March 31, 2026, compared to previous periods.Financial Highlights (₹ in lakhs)ParticularsQuarter ended March 31, 2026Quarter ended December 31, 2025Quarter ended March 31, 2025Year ended March 31, 2026Year ended March 31, 2025Revenue from operations5,824.785,499.846,989.9722,437.2025,387.94Other...

Kalana Ispat Limited Board Approves Audited Financial Results for Half and Full Year Ended March 31, 2026 Kalana Ispat Limited announced on May 14, 2026, that its Board of Directors reviewed and approved the audited financial results for the half year and the full financial year ended March 31, 2026. The board also approved the planning for the company's upcoming Annual General Meeting (AGM).During the board meeting, the company also released detailed financial statements, including the audited Statement of Assets and Liabilities, Cash Flow Statement, and the Annual Report for the fiscal year 2026.Financial Performance Review The board formally approved the audited financial results, which included the Statement of Assets and...

VPRPL Joint Venture Receives Court Order Regarding Bikaner Railway Station Contract Vishnu Prakash R Punglia Limited (VPRPL) has confirmed that the joint venture, VPRPL-KSIPL BKN JV, has secured a Court Order concerning the contract for the Major upgradation of Bikaner Railway Station, located in the Bikaner Division of North Western Railway.The news follows the company's prior intimation regarding the termination notice received from North Western Railway related to the contract, which had been awarded to the joint venture. VPRPL-KSIPL BKN JV received the Court Order bearing SB Civil Writ Petition No. 10651/2026, issued by the High Court of Judicature for Rajasthan, Jodhpur.The primary material development conveyed by the Court...

Vivid Electromech Limited Announces Audited Financial Results and Key Professional Appointments Vivid Electromech Limited, a company focused on electrifying the future, announced key corporate updates following its Board of Directors meeting held on May 14, 2026. During the meeting, the Board considered and approved the audited standalone financial results for the quarter and the year ended March 31, 2026.In addition to reviewing the annual financials, the Board also approved the appointment of key professional service providers for the upcoming fiscal years. M/s. TBZ & Associates was appointed as the Internal Auditor for the financial year 2026-27, and M/s. Nuren Lodaya and Assocaites was appointed as the Secretarial Auditor for the...

Sagar Cements Commissions Partial Waste Heat Recovery System at Andhra Pradesh Plant Sagar Cements Limited has reported the successful commissioning of a significant portion of its Waste Heat Recovery Power System (WHRS) at its cement manufacturing plant in Gudipadu village, Ananthapur District, Andhra Pradesh. The project aims to optimize energy utilization at the facility.The company announced that it has successfully commissioned 2.80 MW of the WHRS, specifically pertaining to the AQC boiler at the Gudipadu location.The total planned capacity of the power system is 4.35 MW. Sagar Cements noted that the remaining capacity of 1.55 MW, which relates to the preheater boiler, is scheduled for commissioning by June 2026.The...