Markets

Cybertech Systems Approves Financial Results, Recommends Dividend, and Announces Buyback Plan Cybertech Systems And Software Limited announced several significant corporate decisions following its Board of Directors meeting held on May 13, 2026. The Board reviewed and approved the audited financial results (both standalone and consolidated) for the quarter and year ended March 31, 2026. Furthermore, the company recommended a final dividend and proposed a significant share buyback scheme.Financial Performance Overview The Board approved the audited financial results and the corresponding audit report for the period ending March 31, 2026. The company also recommended a final dividend of ₹ 4 (Rupees Four Only) per equity share of ₹ 10...

Metropolis Healthcare Reports Financial Results for FY 2026, Highlights Major Acquisitions and Compensation Restructuring Metropolis Healthcare Limited announced its financial results for the quarter and financial year ending March 31, 2026. The group reported a strong performance, underpinned by significant business acquisitions and structural changes in employee compensation.The consolidated financial statements show substantial growth in revenue and assets for the fiscal year 2026 compared to 2025.Key Financial Highlights (Consolidated, in Lakhs) The consolidated financial results for the years ended March 31, 2026, and March 31, 2025, are as follows:ParticularsMarch 31, 2026 (Audited)March 31, 2025 (Audited)Total...

SKF India Announces Strong Financial Results for Q4 FY 2025-26 SKF India (Industrial) Limited, India’s premier technology and solutions provider of bearings, units, condition monitoring, and services, announced its financial results for the quarter ending March 31, 2026. The announcement highlights the company's operational strength and disciplined performance amid a dynamic business environment.During the fourth quarter (Q4) of the fiscal year 2025-26, SKF India (Industrial) Limited reported significant figures, showing revenue from operations of Rs. 9,457.2 million and Profit before tax at Rs. 899.7 million.Q4 FY 2025-26 Financial Highlights The company’s performance metrics for Q4 FY 2025-26 compared to the previous quarter were...

Bhagyanagar India Limited Sets Revenue Target of INR 3000 Crore by 2029-30 Amid Expansion Drive Bhagyanagar India Limited announced significant expansion plans, targeting a revenue generation of INR 3000 Crore by the fiscal year 2029-30. The company released a media announcement detailing the ambitious growth goals.The financial projections indicate that the revenue target of INR 3000 Crore is set to be achieved by the conclusion of the 2029-30 fiscal year. This goal is underpinned by comprehensive expansion plans.The company noted that the ongoing expansion efforts are being spearheaded by Devendra Surana.The key financial targets and timelines announced are summarized below:MetricTarget ValueTarget TimelineRevenueINR 3000...

Oil India Limited Reports 62% Growth in Consolidated PAT for FY26 Oil India Limited, a Maharatna CPSE of the Government of India, announced its financial results for the fiscal year ending March 31, 2026, during its 580th Board of Directors meeting held on May 13, 2026. The company reported significant growth in its Profit After Tax (PAT), driven by robust operational performance and increased crude price realization.Consolidated Financial Performance For the quarter ending March 2026 (Q4 FY26), Oil India Limited achieved a growth of 62% in consolidated PAT, recording ₹ 2,424 crore compared to ₹ 1,497 crore in Q4 FY25. Over the full fiscal year 2026, the consolidated PAT reached ₹ 7,551 crore, marking an increase from ₹ 7,040 crore in...

Exicom Tele-Systems Ltd Announces Board Meeting to Review Q4 and FY 2026 Results Exicom Tele-Systems Ltd has announced that its Board of Directors is scheduled to meet on Tuesday, May 19, 2026. The meeting is set to consider and approve audited financial results for the fourth quarter and the financial year ending March 31, 2026.The Board meeting agenda includes key reviews of the company's financial performance.Financial ResultReporting PeriodDocumentation IncludedAudited Standalone Financial ResultsFourth quarter and financial year ended March 31, 2026Report of the Statutory AuditorsAudited Consolidated Financial ResultsFourth quarter and financial year ended March 31, 2026Report of the Statutory AuditorsIn addition to...

L&T Power Transmission & Distribution Secures EPC Orders for Middle East Substations Mumbai, May 13, 2026: Larsen & Toubro Ltd.'s Power Transmission & Distribution (PT&D) business vertical has successfully secured a batch of Engineering, Procurement, and Construction (EPC) orders from prominent clients in the Middle East. These orders are focused on setting up crucial extra-high voltage substations.The scope of work involves constructing a total of three high-capacity substations: one 380 kV substation and two 132 kV substations. These installations are vital for guaranteeing reliable power availability to major load centers and assisting in the decongestion of existing power grids to meet increasing energy demands. The client award...

Rallis India Ltd Announces 78th Annual General Meeting and Dividend Details Rallis India Ltd has announced key dates concerning its 78th Annual General Meeting (AGM) and the entitlement process for its upcoming dividend payment.The Company's 78th AGM is scheduled to take place on Tuesday, June 23, 2026. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means.In relation to the dividend, the Board of Directors met on Monday, April 27, 2026, and recommended a dividend of ₹ 3 per equity share of ₹ 1 each. This dividend is contingent upon declaration by the members of the Company during the 78th AGM.To determine the eligibility of members receiving the dividend for the financial year ended March 31, 2026...

Schaeffler India Enhances Computational Research Infrastructure at IISC, Bengaluru Schaeffler India Limited, the motion technology company, has announced a significant investment aimed at enhancing computational research capabilities at the Foundation for Science Innovation and Development (FSID) at the Indian Institute of Science (IISC) in Bengaluru. This development marks Schaeffler India's purposeful engagement with the premier research academia, bolstering advanced scientific research across multiple domains.The initiative centers on opening a specialized computational research infrastructure at FSID. This advanced facility is designed to strengthen research capabilities by enabling High-Performance Computing (HPC) large-scale...

Sakar Healthcare Reports 42% YoY Revenue Growth in Q4FY26; EBITDA Rises 67% Ahmedabad, May 12, 2026: Sakar Healthcare Ltd announced its audited financial results for the financial year ended March 31, 2026. The company, which operates a research-driven, API-integrated EU GMP approved oncology orals and injection manufacturing unit, posted strong growth across both the quarterly and annual results.The financial performance for Q4FY26 showed significant acceleration, with Revenue from Operations reaching 7,109.70 lakhs. This marks a 42% year-over-year (YoY) increase, reflecting strong demand and new market authorizations for the company's oncology products.Consolidated Financial Performance Highlights Sakar Healthcare’s consolidated...

Mobavenue AI Tech Launches PrsmX and AI-Powered Full-Funnel Advertising Platforms in the Philippines Mobavenue Media Private Limited (MMPL), a wholly owned subsidiary of Mobavenue AI Tech Limited, has expanded its international footprint by launching its AI-powered marketing and advertising technology platform, PrsmX, in the Philippine market.The launch brought together more than 80 senior marketers, brand leaders, media agencies, and growth-focused businesses from the region. Industry discussions centered on AI-powered brand awareness, omnichannel consumer engagement, and the evolving digital media ecosystem across Mobile, Connected TV (CTV), Short Dramas, OTT, and Digital Out-of-Home (DOOH) environments.During the sessions, focus...

CARE Ratings Upgrades Sammaan Capital Ltd Ratings Following IHC Strategic Investment Sammaan Capital Ltd. received a significant credit rating upgrade from CARE Ratings, following strategic investments and the change in promoter status. The rating action highlights the strengthening financial profile of the company.CARE Ratings upgraded the credit rating assigned to Sammaan Capital Limited's long-term debt programme by two notches to 'CARE AA+; Stable'. In addition, the rating assigned to the Company's perpetual debt instruments was also upgraded to 'CARE AA/Stable' from 'CARE A+'.The ratings action also reaffirmed the rating for the Commercial Paper and Short-Term Non-Convertible Debentures at 'CARE A1+'.The key ratings actions...

TAC Infosec's Subsidiary Cyberscope Launches AI-Powered Smart Contract Scanner 'Cyberscan AI' TAC Infosec Limited announced the product launch of 'Cyberscan AI' through its subsidiary, Cyberscope Web3 Security Inc. The new product is an AI-powered Smart Contract Security Scanning Product, designed to strengthen Cyberscope's position among global Web3 security auditors and accelerate client acquisition.Cyberscope Web3 Security Inc., the Web3 security arm of TAC InfoSec Limited, launched 'Cyberscan AI' on May 13, 2026. The product is aimed at the international market and is available globally.Under its new model, the platform offers free smart contract scanning services for developers. However, accessing official audit badges and...

KEI Industries Undergoes Income Tax Search; Maintains Technical Collaboration Agreement with BRUGG KEI Industries Ltd reported that the company underwent search and seizure operations by the Income Tax Department. The search was conducted at the company's registered office and several manufacturing and operational locations, alongside the premises of the promoter and certain executives.The search operations commenced on May 7, 2026, and were concluded by the late night of May 12, 2026. During the proceedings, KEI Industries Ltd maintained full cooperation with the IT Department officials, providing all details and documents requested.KEI Industries Ltd emphasized that the financial impact resulting from the search and seizure...

Black Box Limited Completes Acquisition of 2S Inovações Tecnológicas, Brazilian Solutions Integrator Black Box Limited has successfully completed the acquisition of a 100% stake in 2S Inovações Tecnológicas, a recognized leading Brazilian solutions integrator. The transaction marks a significant strategic move for the company.The acquisition was initially referenced in a letter dated February 12, 2026. Black Box Limited confirmed that all terms and conditions pertaining to the purchase of 2S were duly finalized on May 13, 2026, at 2:00 a.m. IST. Critically, the said acquisition has been effective since May 1, 2026.The stake in 2S Inovações Tecnológicas was acquired through BLACK BOX DO BRASIL INDÚSTRIA E COMÉRCIO LTDA., which serves...

Synergy Green Industries to Host Investor Conference Call for Q4 FY26 Results Synergy Green Industries Ltd has scheduled an Investors Conference Call for analysts and investors to discuss the operational and financial performance of the company for the fourth quarter (Q4) and the full fiscal year (FY26).The conference call is set for Tuesday, May 19, 2026, at 4:00 p.m. IST.Company representatives confirmed to participate in the call include Mr. V.S. Reddy, Executive Director; Ms. Shreya Shirgaokar, AVP-Commercials; and Mr. Nilesh Mankar, Company Secretary & Compliance Officer.The event is organized to provide stakeholders with an overview of the company's performance during the quarter ended on March 31, 2026.SGIL Stock Price...

SEBI Proposes Phased Physical Settlement for Agri Derivatives to Boost Liquidity and Market Depth The Securities and Exchange Board of India (SEBI) has released a detailed consultation paper proposing a calibrated, phased approach to physical settlement for certain agricultural commodity derivatives. This move seeks to balance the foundational need for physical linkage with the necessity of promoting market liquidity, particularly for newly launched or illiquid contracts.The proposal is designed to allow select delivery-based commodity contracts to initially trade as financially-settled instruments. These contracts would then be mandated to transition to physical settlement once predefined objective thresholds are met.Rationale for...

IIFL Finance Faces Tax Demand of Rs.475.56 Crore from IT Authority for Period 2018-2025 IIFL Finance Limited has reported receiving a tax demand notice from the Income Tax Authority, covering the block period from April 01, 2018, to February 03, 2025. The demand, which amounts to Rs.4,75,56,46,790/-, was raised vide assessment orders dated May 12, 2026, under Section 158BC(1)(c) of the Income Tax Act, 1961.In the assessment orders received by the company on May 12, 2026, the Joint Commissioner of Income tax (OSD), Central Circle - 4(4), Mumbai (the IT Authority), raised the tax demand.The key financial details regarding the tax assessment are as follows:ParticularDetailsIssuing AuthorityJoint Commissioner of Income tax (OSD)...

Tata Motors Establishes Associate in Power Sector with Teesta Renewable Energy Private Limited Tata Motors Limited, formerly TML Commercial Vehicles Limited, has established a Special Purpose Vehicle (SPV) focused on the renewable energy sector. The company announced the incorporation of Teesta Renewable Energy Private Limited (TREPL) on May 12, 2026.With this development, TREPL has become an associate of Tata Motors. The company currently holds a 26% equity shareholding in the newly incorporated entity.TREPL operates within the Power Sector and is dedicated to power generation. Its core business includes solar and wind power generation, captive generation, and the sale of electrical energy. The holding company for TREPL is Welspun...

Thomas Cook (India) Limited Approves FY 2026 Results and Recommends Dividend Amid Amalgamation Plan Thomas Cook (India) Limited announced the approval of its audited financial results for the year ended March 31, 2026, along with a recommendation of a dividend for the fiscal year 2025-26. The Board meeting also approved a Composite Scheme of Arrangement and Amalgamation involving the company and its wholly owned subsidiaries.The Board recommended a total dividend of Rs.0.50 (Rupees Fifty paise only) per Equity Share of Re.1/- each. This payout remains subject to the approval of the shareholders at the ensuing Annual General Meeting.Financial Performance Highlights The company released detailed audited financial results for both...