Markets

Regulatory Cleanse: RBI Cancels CoR of 7 NBFCs as Companies Exit Market or Merge The Reserve Bank of India (RBI) has executed a significant regulatory action, cancelling the Certificates of Registration (CoR) for seven Non-Banking Financial Companies (NBFCs). The action is being taken in the exercise of powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. This move underscores the central bank's ongoing mandate to maintain robust regulatory oversight within the finance sector.RBI Conducts CoR Cancellation in Three Distinct Scenarios The RBI's decision to cancel the CoR has been categorized into three distinct scenarios. The cancellations stem from companies exiting the NBFI business, meeting criteria for...

Prism Johnson Limited Reports Strong FY26 Results, Sees EBITDA Jump to ₹693 Crore Prism Johnson Limited announced its consolidated financial results for the quarter and year ended March 31, 2026, highlighting improvements in operational performance and balance sheet strength across its core businesses: Prism Cement, H & R Johnson, and Prism RMC. The company reported consolidated revenue of ₹7,404 crore, marking an 8.4% year-over-year (YoY) growth, while consolidated EBITDA increased by 52.1% YoY to ₹693 crore.The company emphasized financial discipline and deleveraging throughout the fiscal year, resulting in a reduction of its effective net debt to ₹646 crore at the end of FY26, down significantly from ₹1,138 crore recorded at the...

Prism Johnson Limited Approves Multi-Tranche Fund Raising of Up to ₹1,750 Crores Prism Johnson Limited announced that its Board of Directors, during a meeting held on May 14, 2026, approved significant proposals for raising capital through various public and private market instruments. The company has plans to raise funds across two major tranches: one through equity/debt securities and another through non-convertible debentures.The Board resolution provides the framework for Prism Johnson Limited to raise up to ₹500 Crores by way of a further public issue. This capital raise involves creating, offering, issuing, and allotting various securities, including equity shares, equity linked instruments, convertible preference shares...

Senores Pharmaceuticals Announces Strong Q4 and FY26 Results, Highlights U.S. Expansion and Strategic Acquisitions Ahmedabad, Gujarat, May 14, 2026 — Senores Pharmaceuticals Limited, a global research-driven pharmaceutical company, announced its Audited Financial Results for the fourth quarter (Q4) and the full fiscal year (FY26) ended March 31, 2026. The company confirmed its strong operational and financial growth across key segments, alongside major strategic milestones, including the acquisition of Zoraya Pharmaceuticals and entering the U.S. federal market.The company’s board meeting, held on Thursday, May 14, 2026, approved the audited consolidated and standalone financial results for the quarter and financial year ended March...

Magadh Sugar Announces Financial Results, Recommends Dividend, and Key Appointments Magadh Sugar & Energy Limited announced key outcomes from its Board of Directors meeting held on May 11, 2026. The Board reviewed and approved the company's audited financial results for the quarter and full year ended March 31, 2026.During the meeting, the Board also recommended a final dividend of Rs. 12.50 per equity share (of Rs. 10 each) for the financial year ended March 31, 2026, subject to approval by the shareholders at the ensuing Annual General Meeting.The board also finalized two appointments: 1. Mr. Rajan Arvin Dalal was appointed as an Independent Director for a term of five years, effective May 11, 2026. 2. M/s D Radhakrishnan & Co...

Patel Engineering Limited Posts Robust Financial Results for FY26 Amid Strong Order Book Growth Patel Engineering Limited, a leading infrastructure and construction services company, announced its audited financial results for the quarter and the year ended March 31, 2026. The company reported strong annual performance, driven by sustained order inflows and operational efficiencies.The company's total revenue for the fiscal year 2026 stood at ₹ 5,102.74 Crore, marking a marginal increase from ₹ 5,093.36 Crore recorded in FY25. Net Profit surged to ₹ 294.50 Crore, realizing a 21.60% year-on-year jump. As of March 31, 2026, the company’s order book remained robust at ₹ 15,119 Crore.Quarterly and Annual Performance Snapshot The...

Akums Reports Q4 FY26 and Full Year FY26 Results: Healthy Growth Driven by CDMO Segment New Delhi, May 2026: Akums Drugs and Pharmaceuticals Ltd., India's largest Contract Development and Manufacturing Organisation (CDMO), announced its financial results for the fourth quarter and the full year ended March 31, 2026. The company reported a steady performance, noting healthy revenue growth and improved operating profitability, particularly driven by its core domestic CDMO business.For the fourth quarter of FY26, Akums reported an operating revenue of ₹1,158 crore. This represents a 9.7% year-on-year growth compared to ₹1,056 crore in Q4 FY25. Adjusted EBITDA stood at ₹152 crore, marking a 61.6% year-on-year increase from ₹94 crore in...

RailTel Corporation Secures Contract for AI-based Surveillance System at New Delhi Railway Station Railtel Corporation Of India Limited has secured a major contract from the Ministry of Railways, Govt. of India, for the implementation of an AI-based Surveillance System at New Delhi Railway Station.The work was awarded to RailTel Corporation of India Limited by the Ministry of Railways, Govt. of India, following a letter dated May 13, 2026. The project involves the comprehensive Provision of an AI-based Surveillance System at the major railway hub.Details regarding the awarded contract confirm that the tender is a domestic opportunity.A summary of the key terms and conditions of the contract is provided below:DetailDescription...

Transwarranty Finance Limited Confirms Re-Appointment of Internal Auditors for FY 2026-27 Transwarranty Finance Limited announced the outcome of its Board Meeting, held on Wednesday, May 13, 2026. The company provided an update regarding the appointment of its Internal Auditors for the financial year 2026-27, clarifying a previous mention of the auditor's name.The company noted that the name of the Internal Auditors previously mentioned was inadvertently stated as M/s. Girish Buthra & Co., Chartered Accountants. Transwarranty Finance Limited clarified that the correct firm appointed for the position is M/s. Anil Bhutra & Co., Chartered Accountants.The firm's continued engagement has been confirmed for the financial year 2026-27.A...

Clean Science and Technology Announces FY 2026 Financial Results and Dividend Recommendation Clean Science and Technology Limited announced key outcomes from its Board meeting held on May 14, 2026. The company approved the audited standalone and consolidated financial results for the quarter and the full financial year ended March 31, 2026, alongside recommending a final dividend to its shareholders.Financial Performance ReviewThe company reported the audited standalone and consolidated financial results for the year ended March 31, 2026. The standalone financial results showed a profit before tax of 3,356.11 million and a profit after tax of 2,512.17 million for the year.In terms of consolidated performance, the consolidated...

Texmaco Rail Announces Board Outcomes, Approves Defence Business Entry, and Declares Dividend Recommendation Texmaco Rail & Engineering Limited announced the outcomes of its Board of Directors meeting held on May 12, 2026. The company released the Audited and Consolidated Financial Results for the quarter and year ended March 31, 2026, alongside several key corporate decisions regarding strategic investments, collaborations, and governance.Financial Highlights and Dividend Recommendation The company reported its financial results for the quarter and financial year ended March 31, 2026.The Board recommended a dividend of 75% or Re. 0.75 per fully paid-up Equity Share of Re. 1 each for the financial year 2025-26. This dividend will be...

Akums Drugs Faces Temporary Operational Disruption at Haridwar Manufacturing Sites Akums Drugs and Pharmaceuticals Limited announced that certain manufacturing sites located in Haridwar experienced a temporary disruption in operations on May 14, 2026. The halt in activities was attributed to labor unrest occurring within the SIDCUL industrial area in Haridwar.The unrest on May 14, 2026, resulted in a temporary operational disruption at the company's manufacturing facilities in the region.Akums Drugs stated that active measures are currently being implemented by the company to normalize operations at the impacted sites. The management and local authorities are actively engaged in discussions with the workers to ensure the resolution...

Standard Industries Transfers Development Rights of Stanrose Apartment Building Standard Industries Limited completed the assignment and transfer of development rights for the freehold land and building of its Stanrose Apartment Building in Dadar West, Mumbai. The deal, executed on May 14, 2026, involves transferring the rights to Prabhadevi Developer Private Limited.The transfer concerns the land underlying the Stanrose Apartment Building, which is located at Kashinath Dhuru Marg, Chandrakant Dhuru Wadi, Dadar West, Mumbai- 400028.According to the details of the agreement, the purpose of the transfer is the assignment and transfer of development rights in the land, which is admeasuring 1937.30 sq. mtrs.Key Transaction Details The...

Dilip Buildcon Announces FY26 Financial Results; Accelerates Transition to Multi-Asset Infrastructure Platform Dilip Buildcon Limited (DBL) announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The Company highlighted a strategic shift under its "DBL 2.0" initiative, signaling a transformation from a pure-play EPC contractor into a diversified, multi-asset infrastructure platform focused on long-duration, contracted businesses.For the financial year ended March 31, 2026, DBL reported a consolidated revenue from operations of ₹ 8,98,393.12 lakhs, compared to ₹ 11,31,672.00 lakhs in the previous year. Consolidated EBITDA reached ₹ 1,766 crores (a margin of 19.66%), resulting in a Profit...

TVS Motor Appoints Ravindran Shanmugam as Independent Director to Guide Digital Transformation Bengaluru, May 14, 2026: TVS Motor Company (TVSM), a globally reputed two and three-wheeler manufacturer, has announced the induction of Mr. Ravindran Shanmugam as an independent director. The appointment is set to remain effective for a period of five consecutive years, pending shareholder approval.Mr. Ravindran Shanmugam brings substantial experience as a technology entrepreneur and business leader, specializing in scaling consumer-focused businesses, digital transformation, and AI-led platforms across various global markets. He currently serves as the Co-founder and Executive Chairman of Mablle, an AI-enabled interior design and...

Indian Railway Finance Corporation Announces Record High Profit and AUM Driven by Infrastructure Diversification Indian Railway Finance Corporation Limited (IRFC), a Government of India Enterprise, has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a strong financial performance, marking its first full year of strategic diversification and achieving record levels across key metrics.The financial results reflect a structural shift in IRFC's business model, moving from a traditional railway financier to a diversified infrastructure financing institution while keeping Railways at the core of its operations.Key Financial Highlights (FY 2025-26) For the financial year ended...

Meghmani Organics Announces Financial Results for FY 2026 Amid Strategic Amalgamation and Renewable Energy Investments Meghmani Organics Limited announced its financial results and details of its Board meeting held on May 14, 2026. During the meeting, the Board approved the audited standalone and consolidated financial results for the quarter and the year ended March 31, 2026, confirming an unmodified audit opinion from its statutory auditors.The company also provided updates on major strategic initiatives, including a proposed amalgamation of wholly owned subsidiaries and investments in the renewable energy sector.Financial Performance for FY 2026 The company presented detailed financial statements for the standalone and...

Shadowfax Technologies Releases Audited Financial Results for FY 2025-26 Shadowfax Technologies Limited today released its audited financial results for the quarter and year ended March 31, 2026. The filing provides both standalone and consolidated financial statements, detailing the company's performance across key operational and financial metrics.The financial filings cover the audited standalone and consolidated annual financial results, allowing stakeholders to review the company's position as of March 31, 2026, compared to the previous year.Financial Highlights for the Year Ended March 31, 2026 The company's consolidated performance data for the year ended March 31, 2026, shows significant activity across revenue and assets...

Stallion India Fluorochemicals Reports Strong Operational Resilience and Growth in FY26 Mumbai, May 13, 2026 - Stallion India Fluorochemicals Limited (SIFL), a major player in the refrigeration and industrial gas sector, has released its audited financial results for Q4 and the fiscal year 2025-26. The company reported strong performance, attributing its resilience to proactive operational strategies despite increasing global supply chain and energy market volatility.SIFL operates as a critical link in the industrial gas supply chain, focusing on processing, blending, and distributing specialized gases across sectors including air conditioning, refrigeration, and semiconductor manufacturing.Key Financial Highlights The financial...

Dilip Buildcon Limited Board Recommends Final Dividend of Rs. 1 Per Share Dilip Buildcon Limited announced that its Board of Directors recommended a final dividend on May 14, 2026. The recommendation pertains to the financial year ending March 31, 2026.The Board of Directors, at a meeting held on May 14, 2026, recommended a final dividend of Rs. 1/- (10%) per equity share.The dividend is subject to the approval of the Company's shareholders during the ensuing Annual General Meeting.DBL Stock Price Movement Dilip Buildcon Limited shares settled today, shedding 0.66% to close at ₹472.30, following an intraday session that saw the stock trade between ₹465.00 and ₹480.70. The stock's movements throughout the day were supported by a...