Markets

Shanti Gold International Changes Inventory Valuation Policy from FIFO to Weighted Average Cost Shanti Gold International Limited announced on May 11, 2026, that its Board of Directors approved a voluntary change in its accounting policy for inventory valuation. The Company has moved from the First-In-First-Out (FIFO) method to the Weighted Average Cost (WAC) method.This change, adopted in accordance with Ind AS 8, is designed to ensure that the financial statements present more reliable and relevant information. The adoption of the WAC method is expected to better reflect the blended cost of inventories, improve cost and revenue matching, and align the Company’s practices with prevailing industry norms. The change will be applied...

GE Power India Reports Q4 and Full Year FY2026 Results Mumbai, May 11, 2026 GE Power India Limited announced its financial results for the fourth quarter (January-March) and the full financial year ended March 31, 2026. The company reported strong financial performance across both its standalone and consolidated financials, driven by operational progress and strategic focus.The Board of Directors recommended a final dividend of ₹ 7 per equity share (face value of ₹ 10/- each) for the financial year ended March 31, 2026, which is subject to the approval of the shareholders at the ensuing Annual General Meeting.Financial Highlights The company’s results show a notable year-on-year increase in key performance indicators.Standalone...

Prime Focus Limited Appeal Listed Before NCLAT; Matter Adjourned to May 12, 2026 Prime Focus Limited provided an update regarding its ongoing appeal before the National Company Law Appellate Tribunal (NCLAT). The appeal, identified as Comp. App. (AT) (Insolvency) No. 850 of 2026, was listed on May 11, 2026, before the Hon'ble Chairperson, NCLAT, in New Delhi.The matter involves Nishant Avinash Fadia, the appellant, versus Raspalfa Services Private Limited and others, the respondents.During the hearing on May 11, 2026, the NCLAT issued specific directions. The tribunal continued the interim order that had been issued on May 8, 2026. This order directs the Interim Resolution Professional not to take any further steps pursuant to the...

Blackbuck Limited Reports Subsidiary ZZ Logistics Solutions Private Limited Has Been Struck Off Blackbuck Limited, formerly Zinka Logistics Solutions Limited, has announced that its nonmaterial wholly owned subsidiary, ZZ Logistics Solutions Private Limited (ZZLSPL), has been struck off by the Ministry of Corporate Affairs. Consequently, ZZLSPL ceased to exist as a wholly owned subsidiary of Blackbuck Limited, effective May 11, 2026.The company confirmed that the strike-off action was taken by ZZLSPL itself upon filing the required application.In reporting the operational status of the subsidiary, Blackbuck Limited provided the following financial details regarding ZZLSPL's contribution:Particulars Details of ZZ Logistics...

Acme Solar Holdings Commissions Additional 35.715 MW Battery Storage Capacity in Rajasthan Acme Solar Holdings Limited (ASHL) has announced the commissioning of an additional capacity of its Battery Energy Storage System (BESS) project. The new capacity of 35.715 MW and 160.512 MWh was successfully commissioned on May 11, 2026.The project, operated through the wholly owned subsidiary, ACME Surya Power Private Limited, is located at Village: Jaimalsar, District: Bikaner, State: Rajasthan. While the system was commissioned on May 11, 2026, the Commercial Operation Date (COD) for this additional segment is scheduled for May 13, 2026.With the addition of this capacity, ACME Surya Power Private Limited has achieved a significant...

Prabha Energy Limited Issues First Call Notice for Partly Paid-up Equity Shares Prabha Energy Limited has issued a notice calling for the payment of the First Call money on its partly paid-up equity shares. The payment is due on the shares that were initially allotted on a rights basis pursuant to the Letter of Offer dated March 05, 2026.The company informed eligible equity shareholders that the First Call notice is being issued for outstanding partly paid-up Equity Shares. The rights issue was structured at an Issue Price of ₹ 144.00 per share, which included a premium of ₹ 143.00 per share. The shares were allotted on a rights basis in the ratio of 5 Partly Paid Rights Equity Shares for every 14 fully paid-up Equity Shares held by...

Premier Energies and Syrma SGS Terminate Planned Joint Venture to Acquire Stake in K-Solare Premier Energies Limited has announced that it and Syrma SGS Technology Limited have decided not to proceed with the proposed joint venture to acquire a stake in K-Solare Energy Private Limited.The decision marks an update to the previously reported plans for the acquisition of K-Solare Energy Private Limited, involving the intended joint venture between Premier Energies Limited and Syrma SGS Technology Limited.In an amicable agreement, the parties have mutually decided to terminate the ongoing discussions regarding K-Solare. Premier Energies Limited confirmed that there are no material financial implications arising from the termination of...

Amended Share Purchase Agreement Signed by United Spirits Limited Consortium United Spirits Limited (USL) has entered into an amended and restated Share Purchase Agreement (A&R SPA) dated May 11, 2026. The agreement formalizes changes in the consortium of purchasers involved in the transaction for Royal Challengers Sports Private Limited (RCSPL).The A&R SPA was executed between USL and the key consortium members: Bolt IPL Holdings LLC, Big Banyan Holdings Pte. Ltd, Asia Investment Topco II Pte. Ltd, Times Internet Limited, Times Cricket LLP, and ICQ Opportunities R C Holdco, Ltd.The purpose of the amended agreement is to record and reflect changes in the purchasing entities, specifically introducing additional purchasers and noting...

Acme Solar Holdings Commissioning Additional BESS Capacity in Rajasthan Acme Solar Holdings Limited, through its wholly owned subsidiary ACME Sun Power Private Limited, has commissioned an additional capacity for its Battery Energy Storage System (BESS) Project located in Rajasthan. The added capacity was commissioned on May 11, 2026, at Village: Badi Sid, Tehsil-Bap, Dist: Phalodi and Jodhpur, Rajasthan.The commissioned segment added 33.333 MW and 160.484 MWh to the existing operational setup. The Commercial Operation Date (COD) for this newly commissioned facility is scheduled for May 13, 2026.Following the commissioning of the new unit, ACME Sun Power Private Limited has achieved a total commissioned capacity of 233.336 MW and...

OGPL Records Highest Net Profit in Company History for FY26 Chennai, May 11, 2026 - Orient Green Power Company Limited, one of India's foremost independent renewable power producers, has reported its comprehensive financial results for the fiscal year 2026 (FY26). The company achieved its highest net profit in its operating history during this period.The company's financial performance for FY26 saw a significant increase in net profit, driven by various operational achievements and revenue boosts.Key Financial Highlights (₹ Cr) The following table details the financial performance comparison across key periods:Particulars Q4 FY25-26 Q4 FY24-25 YoY FY25-26 FY24-25 YoYTotal Income 46.62 47.63 (2%) 315.57 278.89 13%EBITDA...

Nuvama Wealth Announces Interim Dividend and FY2026 Financial Results Nuvama Wealth Management Limited announced its consolidated and standalone audited financial results for the quarter and financial year ended March 31, 2026. During the Board of Directors meeting held on May 11, 2026, the company also approved an interim dividend for the financial year 2026-27.The Board fixed May 15, 2026, as the record date for the interim dividend. Shareholders holding shares on this date are eligible for an interim dividend of Rs. 14 per equity share, which will be paid on or before June 9, 2026, subject to applicable taxes.Financial Performance Overview The company reported a Net Profit after tax of Rs. 1,040.26 crore for the financial year...

LTM Launches AI-Powered Business Orchestration Platform for SAP Enterprise Operations LTM, a global technology services company and Business Creativity partner, announced the launch of its LTM Business Orchestration Platform. The AI-powered offering is designed to help enterprises move away from fragmented decision-making toward real-time, intelligent operations across SAP and the wider enterprise landscape.The platform utilizes LTM BlueVerse as its marketplace layer, enabling the scalable onboarding of SAP-focused agents. This SAP-Centric Business Orchestration Platform integrates capabilities spanning AI engineering, intelligent decision orchestration, and resilient operations. It brings decision-making and execution together into a...

Aurionpro Solutions Approves FY 2026 Results, Recommends Final Dividend of Rs. 2 Per Share Aurionpro Solutions Limited announced the key outcomes of its Board Meeting held on May 11, 2026. During the meeting, the Board of Directors considered and approved the audited financial results for the company, alongside recommending a final dividend for the financial year ended March 31, 2026.The Board of Directors formally considered and approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026. These results were reviewed along with the report received from the statutory auditors, M/s CKSP & Co LLP. The company noted that M/s CKSP & Co LLP, Chartered Accountants...

Thomas Cook (India) Limited Receives Order from Appellate Tribunal Under SAFEMA Thomas Cook (India) Limited announced that it has received an order from the Appellate Tribunal Under SAFEMA at New Delhi regarding appeals filed by the company and its officers.The Tribunal partially allowed the appeals, significantly reducing the aggregate penalties. The initial penalties were reduced from Rs. 61.6 million down to Rs. 39.96 million, this reduction excludes an earlier deposited aggregate amount of Rs. 12.3 million.The order was received by the company on May 11, 2026. The proceedings related to violations concerning Section 10 (4) & 10 (5) and Section 3 (a) of the Foreign Exchange Management Act, 1999 (FEMA).In terms of operational...

NCLT Sanctions Composite Scheme of Arrangement for Gabriel India Limited The National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned a Composite Scheme of Arrangement on May 11, 2026. This scheme involves a multi-part corporate restructuring affecting three key entities: Anchemco India Private Limited, Asia Investments Private Limited, and Gabriel India Limited.The Scheme encompasses two primary transactions: the amalgamation of Anchemco India Private Limited (formerly known as Andasia Private Limited) into Asia Investments Private Limited, and the subsequent demerger of a specified undertaking from Asia Investments Private Limited into Gabriel India Limited.Details of the Corporate Restructuring The process is structured to...

Envirotech Systems Limited Receives In-Principle Approval for Listing of ESOP Shares Envirotech Systems Limited has secured In-Principle Approval from the National Stock Exchange of India Limited (NSE) for the listing of a significant portion of its equity shares. The approval pertains to shares to be allotted to employees under the company's Envirotech Employee Stock Option Plan 2025.The NSE granted the approval for listing up to a maximum of 9,39,500 equity shares of Envirotech Systems Limited. These shares, each having a face value of Rs. 10, are set to be allotted under the terms of the Envirotech Employee Stock Option Plan 2025 (ESOP 2025).The approval confirms the eligibility of these shares for listing, subject to the...

JB Chemicals & Pharmaceuticals Announces Q4 FY26 Results, Noting Operational Reset and Future Recovery JB Chemicals & Pharmaceuticals Limited announced its financial results for the fourth quarter of the fiscal year 2026. The company reported key figures for the quarter, highlighting a revenue of Rs. 904 crores and an EBITDA of Rs. 241 crores.The financial results indicate a Gross Margin of 70% and an EBITDA margin of 27% for Q4 FY26. Net Profit after tax stood at Rs. 101 crores, while the adjusted net profit after tax, which adjusts for non-cash ESOP charges, exceptional, and one-off items, was Rs. 150 crores.Quarterly and Full Year Performance Overview The company provided a detailed financial comparison covering Q4 FY26, Q4 FY25...

Syrma SGS Technology and Premier Energies Halt Proposed Joint Venture for K-Solare Acquisition Syrma SGS Technology Limited announced on May 11, 2026, that the proposed joint venture with Premier Energies Limited to acquire K-Solare Energy Private Limited will not be moving forward. The decision comes because certain conditions precedent outlined for the acquisition were not fulfilled.Syrma SGS Technology Limited, which operates in the renewable energy electronics sector, and Premier Energies Limited had previously discussed the potential joint venture aimed at acquiring K-Solare Energy Private Limited.The company confirmed that due to the failure to meet the necessary conditions precedent, both Syrma SGS Technology Limited and...

Moksh Ornaments Announces FY 2026 Standalone Financial Results and Approves Internal Audit Appointment Moksh Ornaments Limited announced significant operational and financial updates following the Board of Directors' meeting held on May 11, 2026. During the meeting, the company considered and approved its Audited Financial Results (Standalone) for the Quarter and Year ended March 31, 2026. Furthermore, the Board approved the appointment of M/s Mukesh Mehta & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-2027.The company also released its audited quarterly and annual financial results, which were reviewed by the independent auditor and reported an unmodified opinion.Standalone Financial...

Encompass Design India Limited Launches New Home Furnishing Brand 'Blisshome' Encompass Design India Limited, formerly Encompass Design India Private Limited, announced the launch of its new home furnishing brand, 'Blisshome'. The company reported the product launch occurred on March 26, 2026.The new brand, Blisshome, falls under the Home Furnishing and Bedding Solutions category. The product is marketed exclusively within the domestic Indian market.The key details regarding the new product launch are as follows:ParticularsDetailsName of the productBlisshomeDate of launchMarch 26, 2026Category of the productHome Furnishing / Bedding SolutionsTarget MarketDomestic MarketInternational LaunchNot ApplicableAmit...