Markets

Motherson Sumi Wiring India Limited Establishes Trust for ESOP Scheme Administration Motherson Sumi Wiring India Limited has established the MSWIL ESOP Trust, an irrevocable trust designed to administer the company's employee compensation plans. The trust was constituted to oversee the 'Motherson Sumi Wiring India Limited - Employees Stock Option Scheme 2025' (ESOP 2025).The Trust Deed was executed on March, 2026. Under the terms of the deed, the company, acting as the Settlor, handed over an initial corpus of Rs. 10,000/- to the Trust for its commencement.Trust Structure and Parties Involved The trust mechanism involves the Settlor, the Trustees, and the Beneficiaries (the Employees). Key parties established in the Trust Deed...

Vidya Wires Approves Financial Results for March 2026; Company Secretary Resignation Confirmed Vidya Wires Limited announced key corporate governance updates and financial results following a Board meeting held on May 12, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the Quarter and Year ended March 31, 2026, noting unmodified opinions from the Statutory Auditors, M/s. O. P. Rathi & Co.In the governance update, the Board accepted and approved the resignation of Mr. Alpesh Makwana from the role of Company Secretary & Compliance officer, effective closing business hours on May 12, 2026.The company also provided an updated list of Key Managerial Personnel (KMP) following the resignation:Sr...

Indraprastha Medical Corporation Limited Approves FY2026 Results, Recommends 40% Dividend Indraprastha Medical Corporation Limited (Apollo Hospitals) announced that its Board of Directors held a meeting on May 12, 2026. During the meeting, the Board approved the Audited Financial Statements and Financial Results for the year ended March 31, 2026. Furthermore, the company recommended a dividend of 40%, totaling Rs. 4.00 per equity share, for the financial year 2025-26, pending shareholder approval at the Annual General Meeting (AGM).The company confirmed that the statutory auditors have issued an Unmodified Opinion on the Annual Audited Financial Results for the financial year ended March 31, 2026.Financial Performance Highlights...

Master Trust Limited Reports Strong Financial Performance, Raises ₹30 Crore via NCDs Master Trust Limited, a financial services leader with a history spanning over 40 years, reported significant quarterly gains and successfully raised capital through Non-Convertible Debentures (NCDs), reinforcing its market presence. The company announced the successful fund raise of ₹30 Crore through NCDs, which was accompanied by receiving listing approval from the National Stock Exchange of India Limited (NSE) on May 7, 2026. The proceeds from this successful capital initiative are earmarked to strengthen the Group's capital base and support future expansion opportunities.Financial Highlights for Q4 FY2026 The Group showcased robust financial...

HP Adhesives Approves FY 2026 Results and Recommends 20% Dividend HP Adhesives Limited (formerly HP Adhesives Private Limited) announced on May 12, 2026, that its Board of Directors approved the Audited Standalone and Consolidated Financial Results for the quarter and full financial year ended March 31, 2026. The Board also recommended a final dividend for the fiscal year.The Board meeting commenced at 03:30 p.m. and concluded at 07:00 p.m. on May 12, 2026.Dividend Recommendation and Audit Findings The company recommended a final dividend of ₹ 0.40 (20%) per fully paid-up equity share of ₹ 2 each for the year ended March 31, 2026. This dividend is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM)...

Torrent Power Announces Q4 FY26 Results, Recommends Dividend for Fiscal Year Ahmedabad, May 12, 2026: Torrent Power Limited today announced its audited consolidated financial results for the quarter and year ended March 31, 2026. The company also recommended a final dividend for the fiscal year.The financial results show the following performance figures for the company:MetricQ4 FY2025-26 (₹ Crs)Q4 FY2024-25 (₹ Crs)FY2025-26 (₹ Crs)FY2024-25 (₹ Crs)Revenue from Operations6,4066,45628,96629,165EBITDA1,2201,2455,8645,795Total Comprehensive Income (TCI)4081,0852,5143,059Adjusting for a one-time, non-cash reversal of deferred tax liabilities of ₹ 637 Crs in FY 2024-25, the TCI for the year improved by ₹ 92 Crs. This...

Mukand Limited Completes Land Sale of Parcels at Kalwa and Dighe Mukand Limited announced the completion of the sale of land parcels located in villages Kalwa and Dighe. The company executed Conveyance Deeds for the balance land at Kalwa and a portion of land in Dighe, finalizing the transfer of land holdings in both villages.The sale transactions, which were completed on May 12, 2026, involved the transfer of land to AGP DC INFRA PRIVATE LIMITED.The company specified the details and considerations for the two separate land disposals:LocationDetails of SaleConsideration ReceivedKalwaBalance land, situated at village Kalwa, including an adjoining non-exclusive right of way in perpetuity.Rs. 110,82,94,931Dighe50% undivided...

Gopal Snacks Limited Achieves Highest Ever Revenue in Q4 and FY26 Gopal Snacks Limited announced a robust performance for the financial year ending March 31, 2026, recording its highest ever revenue for both the fourth quarter (Q4) and the full fiscal year (FY26). The company highlighted steady sequential revenue growth, attributed to ongoing recovery from fire-related disruptions and successful scaling of operations.The company noted strong year-on-year growth across key segments, with Core State seeing a 26.4% growth and Focus State achieving 25.4% growth. Furthermore, the Gathiya segment grew by 20.6% year-on-year, while Snack Pellets demonstrated a 23.6% increase, signaling strong consumer demand and efficient production...

Sai Silks Approves FY 2025-26 Results and Announces Key Leadership Changes Sai Silks (Kalamandir) Limited held its Board of Directors meeting on May 12, 2026, approving the financial results and statements for the financial year ended March 31, 2026. The Board also recommended a final dividend and executed significant corporate restructuring, including key managerial appointments and committee reconstitution.The Board approved the financial results for the fourth quarter and the entire financial year ending March 31, 2026, and approved the corresponding financial statements for the year 2025-26.Dividend Recommendation and Management Changes Key financial and governance outcomes approved by the Board include:Dividend: The Board...

Standard Engineering Technology Establishes Subsidiary Standard Projects Private Limited Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, has incorporated a new subsidiary, Standard Projects Private Limited, effective May 12, 2026. The formation of the subsidiary marks a strategic move by the company into specialized engineering and construction services.Standard Projects Private Limited has been established as the subsidiary of Standard Engineering Technology Limited. According to records, the company was incorporated on May 12, 2026, and has an authorized share capital of Rs. 10,00,000/-. The subsidiary is located at D-12, Phase-I, IDA Jeedimetla, Hyderabad -500055, Telangana, and...

Kalpataru Limited Announces Board Approval of FY26 Standalone and Consolidated Financial Results Kalpataru Limited announced on May 12, 2026, that its Board of Directors approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The financial statements were reviewed by the Audit Committee and confirmed by the Statutory Auditors, who issued an unmodified opinion.The company provided detailed figures covering its performance across both standalone and consolidated segments for the year ended March 31, 2026, compared to the previous year, March 31, 2025.Financial Performance Overview The financial results show total revenue generation and shifts in equity structure...

TARC Limited's Non-Convertible Debentures Receive Credit Rating Reaffirmation TARC Limited confirmed that Infomerics Valuation and Rating Limited reaffirmed the credit rating for the company's Non-Convertible Debentures (NCDs). The rating action was based on a press release issued by Infomerics Valuation and Rating Limited on May 11, 2026.The rating details for the company's NCDs were provided as follows:Sr. No.ISINName of the Credit Rating AgencyCredit Rating assignedOutlookRating ActionDate of Credit RatingVerification StatusDate of VerificationIINEOEKgOTO5OInfomerics Valuation and Rating LimitedIVRBBB-RWNIReaffirm11-05-2026Verified12-05-2026TARC Stock Price Movement Shares of TARC Limited today slipped by 1.30% to settle...

SAGILITY LIMITED Recommends Final Dividend of Rs. 0.10 Per Share for FY 2025-26 SAGILITY LIMITED announced on May 12, 2026, that its Board of Directors recommended a final dividend for the financial year 2025-26. The dividend recommendation was made during a board meeting held on the same day.The Board of Directors recommended a final dividend at the rate of Rs. 0.10 per Equity share. The face value of the equity share is Rs. 10/- each. This dividend pertains to the financial year ended on March 31, 2026.The dividend recommendation is subject to the necessary approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company.The company stated that further information regarding the record date and the dividend...

Nitco Limited Secures Additional Marble Order Worth INR 66.65 Crores from Prestige Estates Nitco Limited announced the receipt of a significant additional marble order from M/s. Prestige Estates Projects Limited, enhancing its current project pipeline. The new order is valued at INR 66.65 Crores (excluding taxes).This latest contract increases the total value of orders received from M/s. Prestige Estates Projects Limited to approximately INR 347.09 Crores. Previously, the total orders received from the developer, excluding this current transaction, stood at approximately INR 280.44 Crores.The announcement highlights the company's continued operational execution and its established relationship with major developers, including M/s...

Zuari Agro Chemicals Receives Interim Orders from Ministry of Corporate Affairs Zuari Agro Chemicals Limited announced on May 12, 2026, that it received five Interim Orders from the Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai. These orders relate to compounding applications submitted regarding alleged noncompliances.The orders concern compounding applications filed by the Executive Director, Promoter Directors, and Directors (including earlier Directors and earlier Managing Director) related to alleged violations of the Companies Act, 2013.The alleged violations detailed in the orders encompass five key areas: 1. Acquisition of Mangalore Chemicals & Fertilizers Limited. 2. Impairment of assets or...

Stove Kraft Limited Approves FY 2026 Results, Recommends Final Dividend, and Announces CFO Transition Stove Kraft Limited held a Board of Directors meeting on May 12, 2026, where the board approved the audited financial results for the quarter and financial year ended March 31, 2026. Key decisions included the recommendation of a final dividend and significant structural changes in the company's leadership and employee stock option plans.During the meeting, the board also recommended a final dividend of Rs. 3.50 per Equity Share of Rs.10 each (35%) for the financial year ended March 31, 2026, which is subject to shareholder approval at the ensuing Annual General Meeting (AGM).Key Operational and Governance Changes The board approved...

United Breweries Limited Secures Favourable Order from Maharashtra Sales Tax Tribunal United Breweries Limited has successfully received a favourable order from the Hon'ble Maharashtra Sales Tax Tribunal, Mumbai-VAT, concerning a Second Appeal filed by the company as the appellant. This development concludes significant tax litigation and resulted in a major reduction of the company's contingent liability.The Tribunal passed the favourable order on May 11, 2026. The litigation stemmed from an assessment order under the Central Sales Tax Act, which had been passed by the Deputy Commissioner of Sales Tax, Mumbai, on March 31, 2023. This original order raised a demand of ₹ 275 Crores for the Financial Year 2018-2019.The legal dispute...

Hemisphere Properties India Announces Conclusion of E-auction for Bopkhel Land Hemisphere Properties India Limited has announced the successful conclusion of the e-auction process for land situated at Bopkhel, Pune. This update follows the Request for Proposal (RFP) issued for the land.According to the company, the e-auction process concluded on 12.05.2026. The bids received from participating bidders are currently undergoing comprehensive evaluation and scrutiny. This review includes detailed verification of the documents and the eligibility criteria of all participants.Hemisphere Properties India Limited stated that upon the completion of the evaluation process, and subject to the confirmation and approval of the competent...

Kalpataru Limited Reports Record Operational Performance in Q4 and FY26 Mumbai, May 12, 2026 – Kalpataru Limited, a major developer in the Mumbai Metropolitan Region (MMR), announced its audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The company reported a strong performance, marking a transformative milestone defined by record pre-sales and collections.Managing Director of Kalpataru Limited, Mr. Parag Munot, stated that FY26 saw the company deliver its highest-ever pre-sales and collections, indicating excellent execution scale-up, sustained demand across key micro-markets, and significant improvement in cash flows. He added that strong project completions, disciplined...

Avadh Sugar & Energy Limited Reports Financial Results for Q4 and FY26 Kolkata, West Bengal, May 12, 2026: The Board of Directors of Avadh Sugar & Energy Limited (ASEL) held a meeting on May 12, 2026, and recorded the Unaudited Financial Results for the Quarter and Financial Year ended March 31, 2026.The company reported detailed financial highlights for the fourth quarter (Q4 FY26) and the full fiscal year (FY26).Financial Performance HighlightsThe results show the following key figures when compared to the previous year:MetricQ4 FY26Q4 FY25FY26FY25Total IncomeRs. 672 CrRs. 678 CrRs. 2,699 CrRs. 2,639 CrEBITDARs. 121 CrRs. 149 CrRs. 226 CrRs. 280 CrPATRs. 56 CrRs. 72 CrRs. 57 CrRs. 88 CrFurthermore, the Board of...