Markets

Nitiraj Engineers Limited Gains Government Approval to Boost Operational Efficiency Nitiraj Engineers Limited has received government approval to operate as a Government Approved Test Centre (GATC) at its Calibration Division. This development is expected to bring substantial operational and financial benefits to the company.The approval was granted by the Government of India's Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs, Legal Metrology Division, for the company's facility located at J25 & J26, M.I.D.C., Awadhan, Dhule, Maharashtra.The GATC status permits the company to conduct verification of Non-Automatic Weighing Instruments of Accuracy Class III (up to 150 kg) manufactured by Nitiraj...

Tata Power Announces Financial Results and Recommends Dividend for FY26 Tata Power Company Limited disclosed the outcomes of its Board of Directors meeting held on May 12, 2026, announcing its audited financial results for the quarter and full year ended March 31, 2026. The Board also recommended a final dividend to its members.The Company reported total consolidated revenue of 64,171.66 and a net profit after tax of 4,775.37 for the financial year ended March 31, 2026.Dividend Recommendation and Key Dates The Board recommended a final dividend of ₹ 2.50 per Equity Share of ₹ 1 each, representing a 250% payout, for the financial year ended March 31, 2026. This dividend is subject to the approval of the members at the forthcoming...

MTAR Technologies Approves Annual Financial Results and Appoints New Auditors Mtar Technologies Limited announced the outcomes of its Board of Directors meeting, which was held on May 12, 2026. During the meeting, the board approved the Audited Financial Results and Statements (both standalone and consolidated) for the quarter and year ended March 31, 2026.The board also formalized appointments for the company’s auditing function for the next three financial years. M/s. Sagar & Associates, Cost Accountants, were appointed as Cost Auditors for the Financial Years (FYs) 2026-27, 2027-28, and 2028-29. Concurrently, Ms. Seshachalam & Co., Chartered Accountants, were appointed as Internal Auditors for the same period, covering FYs 2026-27...

Atlanta Trafo Limited Approves Appointment of Two Independent Directors Atlanta Electricals Limited announced that the shareholders of its material unlisted subsidiary, Atlanta Trafo Limited, approved the appointment of two independent directors at a general meeting held on May 12, 2026. The appointments are set to serve a term of five consecutive years, commencing from May 12, 2026, and concluding on May 11, 2031.The appointments saw the induction of Mr. Dukhabandhu Rath as a Non-Executive Independent Director, and Mrs. Jinkal Darshan Patel as a Non-Executive Independent Woman Director.Details regarding the appointments, terms, and profiles of the directors are as follows:Director NameDesignationAppointment TypeTerm...

Danish Power Announces Financial Results and Recommends 20% Final Dividend Danish Power Limited announced the results of its Board of Directors meeting held on May 9, 2026. The board considered and approved the company's audited Standalone and Consolidated Financial Results for the half-year and full financial year ended March 31, 2026. Furthermore, the board recommended a final dividend of 20% or Rs. 2 per equity share of Rs. 10 each, subject to approval by the shareholders at the ensuing Annual General Meeting.The company submitted its annual and half-yearly financial results, which were audited by H C Bothra & Associates Chartered Accountants. The audit confirms that the standalone financial results for the half-year and the year...

GTL Infrastructure Reports Audited Financial Results for Year Ending March 31, 2026 GTL Infrastructure Limited announced its audited standalone financial results for the quarter and the full year ended March 31, 2026, on May 12, 2026. The Board of Directors approved the results following a meeting held on the date of the announcement.The financial results provide a detailed look at the company’s revenue streams, operational costs, and overall financial health across the reporting periods.Quarterly and Annual Financial Highlights The total income for the year ended March 31, 2026, stood at 141,907 Rupees in Lakhs, compared to 136,569 Rupees in Lakhs for the previous year.The following table summarizes the financial results for the...

Crown Lifters Limited Announces Forfeiture of Convertible Warrant Funds Due to Non-Exercise Crown Lifters Limited reported on May 12, 2026, that a portion of convertible equity warrants originally allotted to various holders have seen their conversion options lapse. The company confirmed that funds associated with 5,10,000 warrants, which were not converted within the stipulated 18-month period, are liable for forfeiture.The forfeiture relates to warrants that were initially allotted on a preferential basis. At the time of the initial allotment, Crown Lifters Limited had allotted a total of 8,76,656 convertible Equity Warrants to 17 allottees. The warrants were issued at an issue price of Rs. 268 per warrant. Upon allotment, an...

Patanjali Foods Limited Allots Shares Under ESOP Plan 2023 Patanjali Foods Limited announced the allotment of equity shares to its eligible employees, following the exercise of options vested under the PFL Employee Stock Option Plan 2023 (ESOP 2023). The allotment of 4,400 equity shares was approved by the Nomination and Remuneration Committee (NRC) of the Board of Directors on May 12, 2026.The newly allotted equity shares, each carrying a face value of Rs. 2/-, will rank pari passu with the Company's existing equity shares regarding all respects, including dividend entitlements.The capital structure of the Company increased following this transaction. Patanjali Foods Limited's issued and paid-up equity share capital rose from Rs...

Neuland Laboratories Approves FY2026 Results, Recommends Dividend, and Names Additional Director Neuland Laboratories Limited announced the approval of its audited financial results and key corporate actions following a Board of Directors meeting held on May 12, 2026. The Board recommended a final dividend for the financial year 2025-26 and approved the appointment of Dr. Mauricio Futran as an Additional Director. Furthermore, the company detailed plans for enhancing its manufacturing capacity at its Unit 1 in Telangana.Financial Performance and Dividend Recommendation The Board of Directors approved the Audited Financial Results (Standalone & Consolidated) for the year ended March 31, 2026. The company noted that the Statutory...

Amagi CLOUDPORT Launches Largest Platform Upgrade, Boosting Broadcast Scale and Resiliency Amagi, the Emmy® Award-winning media technology company, announced a landmark advancement to its Amagi CLOUDPORT platform, positioning the cloud-native solution as a comprehensive tool for modern broadcast workflows. The upgrades aim to elevate broadcast infrastructure, moving the platform beyond simple cloud migration to fundamentally reengineer core playout operations for linear TV, FAST, and live event broadcasters.The upgraded platform significantly enhances scale and resilience, now supporting over 100 concurrent feeds. It provides 200-player multi-AZ redundancy within a single tenant, facilitating large-scale, distributed deployments with...

Tata Capital Allots Rs. 505 Crore in NCDs Through Private Placement Tata Capital Limited has announced the allotment of Secured, Redeemable, Non-Convertible Debentures (NCDs) totaling Rs. 505 crore via a private placement. The allotment of the NCDs took place on May 12, 2026, under the series TCL Secured NCD "A" FY 2026-27-VIS-M.The private placement involved the issuance of 50,500 debentures. The instrument carries a coupon rate of 7.97% per annum. The NCDs are secured and have a defined maturity structure, with the proposed redemption date set for May 12, 2031.Key details regarding the NCD allotment are summarized below:ParticularsDetailsSecurity TypeSecured, Redeemable, Non-Convertible DebenturesIssue SizeRs. 505 crore...

Aakash Exploration Services Approves Financial Results, Reappoints Internal Auditor Aakash Exploration Services Limited announced the outcomes of its Board meeting held on May 12, 2026. During the meeting, the Board approved the audited financial results for the quarter and the year ended March 31, 2026, and also re-appointed M/s. Bimal Shah Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-2027.The company’s statutory auditors issued an audit report providing an unmodified opinion on the standalone financial results for the year ended March 31, 2026.Internal Audit Appointment The Board confirmed the re-appointment of M/s. Bimal Shah Associates, Chartered Accountants, as the company’s Internal...

Manaksia Coated Metals Board Approves FY 2026 Results, Recommends Dividend, and Announces Key Appointments Manaksia Coated Metals & Industries Limited announced several key corporate actions following its Board of Directors meeting held on May 6, 2026. The Board approved the audited financial statements for the quarter and year ended March 31, 2026, and recommended a final dividend. The meeting also saw approvals for auditor appointments and director re-appointment.Financial Results and Dividend Declaration The Board reviewed and approved the Audited Financial Statements (both Standalone and Consolidated) for the financial year ending March 31, 2026. The Company also announced a recommendation for a Final Dividend of Re. 0.05, which...

APSEZ's Astro Offshore Secures Contract with Oceaneering for European Subsea Expansion Adani Ports and Special Economic Zone Ltd. (APSEZ), India's largest integrated transport utility, has significantly bolstered its deepwater engineering and offshore capabilities. Through its marine platform, Astro Offshore, APSEZ has contracted with Oceaneering International Inc., a US-based engineering and applied technology company. This agreement facilitates the pursuit of specialized offshore and subsea opportunities in Europe.The contract marks a major stride for APSEZ, signaling its entry into international, ultra-deepwater operations and supporting its broader strategy to establish one of the world's largest integrated marine platforms...

SIL Investments Limited Approves FY26 Results, Recommends Dividend, and Greenlights Related Party Loans SIL Investments Limited announced key corporate decisions following its Board meeting held on May 12, 2026. The Board considered and approved the audited Standalone and Consolidated Financial Results and Statements for the year ended March 31, 2026.During the board meeting, the company also recommended a dividend and proposed multiple unsecured loans to related corporate parties.Financial Results and Performance Review The Board reported the audited financial results for the quarter and the year ended March 31, 2026.Key financial figures, presented in Lakhs, highlight the results of the year:Standalone Financial Results...

Raj Oil Mills Approves Preferential Issue of Equity Shares and Warrants Raising Rs. 9.2 Crore Raj Oil Mills Limited announced that its Board of Directors, in a meeting held on Tuesday, May 12, 2026, approved a proposal for fund-raising totaling up to Rs. 9,20,00,000 (Rupees Nine Crore Twenty Lakhs Only). The funds will be raised through a Preferential Issue involving both Equity Shares and Equity Warrants.The Board approved the issuance of up to 10,00,000 Equity Shares, each having a face value of ₹10/- (Rupees Ten only). These shares are offered at an issue price of ₹46/- (Rupees Forty Six only) per security, which includes a premium of ₹36/- (Rupees Thirty Six only) per share.Additionally, the company also approved the issuance of...

Krishna Defence And Allied Industries Signs Agreement for Acquisition Stake in Taharabadkar Solutions Krishna Defence and Allied Industries Limited (KDAIL) has executed a Shareholders Agreement with Taharabadkar Solutions Pvt Ltd (TSPL), securing a stake of 46.81% in the other entity. The agreement defines the terms and conditions for the acquisition.The Shareholders Agreement establishes several significant rights and commitments for KDAIL within the operational structure of TSPL. Key provisions include granting KDAIL the right to appoint one director to the Board of TSPL. Furthermore, KDAIL will receive both ROFR (Right of First Refusal) and Drag Along rights under the agreement.The transaction is not classified as a related party...

Shree Cement Limited Receives GST Demand Order for Service Tax Shree Cement Limited has reported receiving a GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali. The order demands service tax along with applicable interest and an equivalent penalty, concerning allegations of non-payment of Service Tax.The company confirmed receipt of the order on May 11, 2026.Details of the action, violation alleged, and the company’s current stance are as follows:ParticularsDetailsName of the AuthorityAssistant Commissioner, Central GST & Central Excise, PaliNature of Action/OrderOrder issued demanding service tax of Rs. 39,19,286/- along with applicable interest and equivalent penalty.Date of Receipt...

Krishna Defence Acquires 46.81% Stake in Taharabadkar Solutions for Smart Weapons Development Krishna Defence and Allied Industries Limited (KDAIL) has completed the acquisition of a 46.81% stake in Taharabadkar Solutions Pvt Ltd (TSPL). The acquisition was finalized on May 12, 2026, aimed at fostering collaboration and co-development in advanced defense systems.Taharabadkar Solutions Pvt Ltd is a startup company focused on the design, development, and manufacture of smart weapons and guided ammunition and ammunition systems.According to the details provided, the acquisition was executed through a cash consideration structure. KDAIL subscribed to 8,800 equity shares of TSPL at a price of Rs. 4546 per share. This total consideration...

Info Edge Faces Rs 67.83 Lakh Liability and Penalty Over Stock Option Shares Info Edge (India) Limited has received an order from the Collector of Stamp, Government of NCT of Delhi, determining significant stamp duty and imposing a penalty related to the issuance and allotment of employee stock options. The liabilities pertain to shares issued to the Info Edge Employee Stock Option Plan Trust across two dates: April 11, 2022, and December 2, 2022.The order, received on May 11, 2026, was passed under Sections 33, 38, and 40 of the Indian Stamp Act, 1899. The matter centers on the required stamp duty payable in the National Capital Territory of Delhi for the transfer of 200,000 equity shares on each of the specified dates.The details...