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United Drilling Tools Limited Secures Domestic Order from ONGC for Large OD Casing Pipe United Drilling Tools Limited (UDTL) has received a substantial domestic order from Oil and Natural Gas Corporation Limited (ONGC). The contract involves the supply of specialized industrial equipment in the ordinary course of the company’s business.The order specifies the supply of Large OD casing pipe with a multi start connector. Details concerning the contract awarded by the domestic entity, ONGC, indicate that the transaction falls under the commercial nature of business operations. The estimated contract value for this order is set at INR 10,35,50,000/- (Rupees Ten Crore Thirty Five Lakh Fifty Thousand only).Key details regarding the order...

SPR Auto Technologies Announces Financial Results for FY2026, Recommends Final Dividend, and QIP Proposal SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced its key corporate decisions following the Board of Directors meeting held on May 11, 2026. The company released its audited financial results for the quarter and the full financial year ended March 31, 2026. The board also recommended a final dividend and outlined plans for future fund-raising activities.Financial Highlights (Consolidated) The company released comprehensive financial statements for the standalone and consolidated entities. According to the consolidated results, the total income for the quarter ended March 31, 2026, reached 14,807...

Windsor Machines Limited to Sell Industrial Plots in Thane Area for Rs. 162.00 Crores Windsor Machines Limited has announced a proposed sale of its industrial plots, including existing building structures, located in the Wagale Thane Industrial Area, Maharashtra. The transaction, which was approved by the Board of Directors on May 9, 2026, involves selling a total area of 21,912 sq. meters.The Company confirmed that it entered into a Memorandum of Understanding (MOU) on Sunday, May 10, 2026, for the proposed sale. The buyer for the industrial plots is M/s. Allerindia Developers LLP, a limited liability partnership firm.The sale pertains to plots no. E-6 and E-6(A), located in the village of Panchpakhadi, Taluka, and District Thane...

Hexa Tradex Releases Audited Financial Results for Quarter and Year Ended March 31, 2026 Hexa Tradex Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company provided both standalone and consolidated financial statements, alongside details on segment performance, confirming the figures reflect the period from April 1, 2025, to March 31, 2026.The audit confirms that the statements provide a true and fair view in conformity with applicable accounting standards.Standalone Financial Highlights For the financial year ended March 31, 2026, the company reported a total comprehensive income of (1,870.34) and a total net worth of 1,104.91. The standalone financials show a total income of...

Clean Max Enviro Energy Solutions Completes Sale of Equity Shares of Clean Max Sapphire to Clean Max Taurus Clean Max Enviro Energy Solutions Limited, formerly Clean Max Enviro Energy Solutions Private Limited, has announced the completion of a significant share transaction. The company reported that it finalized the sale of equity shares belonging to Clean Max Sapphire Private Limited to Clean Max Taurus Private Limited on May 11, 2026.The transaction marks the conclusion of the sale of equity shares of Clean Max Sapphire Private Limited to Clean Max Taurus Private Limited.Key details regarding the involved entities and the transaction date are as follows:CompanyStatusSeller of Equity SharesClean Max Sapphire Private Limited...

Paradeep Phosphates Completes Distribution of Fractional Share Proceeds Following Composite Scheme of Arrangement Paradeep Phosphates Limited has confirmed the distribution of net proceeds to eligible shareholders concerning fractional entitlements stemming from its Composite Scheme of Arrangement. The distribution was completed on May 08, 2026, following the arrangements involving Mangalore Chemicals & Fertilizers Limited.The report certifies that the sale proceeds from the consolidated fractional entitlement were distributed to the respective eligible shareholders in proportion to their entitlements, marking the conclusion of the required distribution under the Scheme.Scheme Background The Composite Scheme of Arrangement included...

NHPC Limited's Stake in Chenab Valley Power Projects Changes Following Equity Injection NHPC Limited has announced a change in its shareholding and voting rights in its subsidiary, M/s Chenab Valley Power Projects Limited (CVPPL). The adjustment was necessitated by the receipt of an additional equity contribution from another promoter of CVPPL.The core change in stake involves NHPC Limited's interest in CVPPL. According to the announcement, the company's holding in the subsidiary has reduced from 58.16% to 50.86%.The revision in shareholding is directly attributed to the receipt of additional equity contribution from M/s Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL), which is also a promoter of CVPPL.The...

BLS International Services to Proceed with Strike Off of Wholly Owned Subsidiary BLS International Services Limited announced that its wholly owned subsidiary, Reired BLS International Services Private Limited, has been approved for striking off the corporate records.The company confirmed the closure status of Reired BLS International Services Private Limited, which is a wholly owned subsidiary of BLS International Services Limited. This update follows previous corporate announcements made on November 11, 2025, and March 31, 2026, regarding the company’s approval to close or strike off the subsidiary.According to the update, Reired BLS International Services Private Limited received notification from the Ministry of Corporate...

Canara Bank Revises Marginal Cost of Funds Based Lending Rate (MCLR) Effective May 12, 2026 Canara Bank announced revisions to its Marginal Cost of Funds Based Lending Rate (MCLR), effective May 12, 2026. The bank updated the MCLR across various tenors, detailing the shift from existing rates to the new rates.The updated rates reflect changes for tenors ranging from Overnight to Three Years.The revised MCLR structure is as follows:TenureExisting RateRate Effective May 12, 2026Overnight MCLR7.857.9One Month MCLR7.97.95Three Month MCLR8.158.2Six Month MCLR8.58.55One Year MCLR8.78.75Two Year MCLR8.959Three Year MCLR99.05CANBK Stock Price Movement Canara Bank shares today slipped 3.13% to close at ₹129.43...

Paradeep Phosphates Announces Financial Results for Q4 FY2026, Recommends Dividend Paradeep Phosphates Limited announced the outcomes of its Board meeting held on May 11, 2026, approving the financial results for the quarter and year ended March 31, 2026. The company also recommended a dividend and confirmed the re-appointment of an independent director.The Board of Directors approved the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company also recommended a dividend of Rs. 1.50 per equity share, based on a face value of Rs. 10 per share, for the financial year ended March 31, 2026, subject to approval by the members at the ensuing Annual General Meeting.Furthermore, the...

Anant Raj Limited Declares Dividend, Confirms Data Center Expansion, and Proposes Business Demerger Anant Raj Limited announced several key corporate developments following its Board of Directors meeting held on May 11, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, and declared a final dividend while also announcing plans to potentially demerge its two distinct operational units.During the meeting, the board reviewed the audited financial results (Standalone and Consolidated) and noted the company's strong expansion into the Data Center sector, which is driving significant growth.Financial Performance Snapshot The company presented its audited financial results for the quarter...

Aurionpro Solutions Limited Approves FY 2026 Results and Recommends Final Dividend Aurionpro Solutions Limited announced on May 11, 2026, that its Board of Directors held a meeting and approved the Company's audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.During the meeting, the Board also recommended a Final Dividend of Rs.2/- per equity share, which represents 20% of the face value of Rs.10/- per equity share, for the financial year ended March 31, 2026.The financial performance review included the audit report from the statutory auditors, M/s CKSP & Co LLP, which confirmed the financial results with an unmodified opinion.Financial Highlights and Audit Confirmation...

Vision Infra Equipment Solutions Reports Record Results with PAT up 93.8% for FY26 Vision Infra Equipment Solutions Limited (VIESL), a leading infrastructure and road construction equipment rental company, announced its audited financial results for the half year and full year ended March 31, 2026. The results indicate a period of strong growth, setting a record for the company across profitability, revenue, and cash generation.The company’s board of directors approved the audited financial statements during a meeting held on May 11, 2026.Financial Performance Summary The financial data for the half year and full year ended March 31, 2026, shows substantial year-over-year growth:ParticularsH2 FY26H1 FY26H2 FY25FY26FY25FY26 Y-o-Y...

Rossell Techsys Board Approves FY2026 Results and Recommends Final Dividend Rossell Techsys Limited announced on May 11, 2026, that its Board of Directors meeting had approved the audited standalone and consolidated financial results for the financial and quarterly periods ended March 31, 2026.During the board meeting, the company also recommended a final dividend for the financial year.Dividend Recommendation The Board recommended a final dividend of 0.3/- per share for the financial year ended March 31, 2026. This dividend is subject to declaration at the ensuing Annual General Meeting (AGM).Auditing Opinion The company's statutory auditors, Raghavan, Chaudhuri & Narayanan, issued an unmodified opinion on both the Standalone and...

Gandhar Oil Refinery Announces Resignation of Senior Vice President at Silvassa Plant Gandhar Oil Refinery (India) Limited has reported the resignation of its Senior Management Personnel. Mr. Sanjay Bharadwaj, who served as the Senior Vice President, Manufacturing, Operations Department at the Silvassa Plant, resigned from his position.The resignation took effect from May 05, 2026. The company stated that Mr. Bharadwaj’s decision to resign was based on personal reasons.The details regarding the change in senior management personnel are summarized below:Detail Category InformationName Mr. Sanjay BharadwajFormer Position Senior Vice President, Manufacturing, Operations Department at Silvassa PlantEffective Date of...

Paradeep Phosphates Ltd Reports Robust FY26 Results, Driven by Operational Excellence and Capacity Expansion Paradeep Phosphates Ltd (BSE: 543530, NSE: PARADEEP), a leading fertilizer company in India, announced its financial results for the quarter and year ended March 31, 2026. The company reported consistent and robust financial performance for the fiscal year.For the financial year 2026 (FY26), the company recorded a significant increase in key financial metrics. Revenue from operations grew 29% year over year (YoY) to ₹ 21,826 crore. Similarly, EBITDA rose 33% YoY to ₹ 2,259 crore, while Profit Before Tax (PBT) increased 46% YoY to ₹ 1,328 crore. Net Profit After Tax (PAT) stood at ₹ 1,000 crore, marking a 52% increase YoY.In...

Adani Ports and Special Economic Zone Limited Announces Change in Chief Executive Officer Adani Ports and Special Economic Zone Limited has announced a change in its senior management team, detailing the transition in the CEO role for Ports. The company confirmed that Mr. Pranav Choudhary ceased his tenure as CEO - Ports on May 31, 2026, to pursue career opportunities outside the Adani Group.Effective June 1, 2026, Mr. Niraj Bansal has been appointed as the new CEO - Ports of the Company.Mr. Niraj Bansal brings significant experience to the role. He is a former Indian Revenue Service (IRS) officer with over 27 years of service with the Government of India. His career included retirement as Commissioner of Income Tax, followed by...

Shri Anand Mohan Appointed as Director (Technical) on the Board of CMPDIL Central Mine Planning & Design Institute Limited (CMPDIL), a subsidiary of Coal India Limited, has appointed Shri Anand Mohan as a Director (Technical) on its Board. The appointment marks an expansion of key technical leadership within the institute, focusing on mine planning and design.According to the details provided, the Ministry of Coal appointed Shri Anand Mohan as Director (Technical) on the Central Mine Planning & Design Institute Limited (CMPDIL) board. Shri Anand Mohan officially assumed the charge of Director (Technical) on May 11, 2026.His tenure is effective from the date of assumption of charge until his superannuation date, set at June 30, 2028...

CarTrade Tech Delivers 12 Consecutive Quarters of Over 50% EBITDA Growth Mumbai, May 11, 2026: CarTrade Tech Limited, India's leading multi-category auto and used product platform, announced a significant profitability milestone today, reporting more than 50% Year-on-Year (YoY) EBITDA growth in each of the last 12 consecutive quarters. The company also highlighted a substantial expansion in EBITDA margins, moving from approximately 3% to 35% over the same period.The achievement underscores the company's robust brand strength, strong network effects, unique technology, and product-led execution alongside operational discipline.Over the past three years, CarTrade Tech has maintained a trajectory of profitable growth, driven by strong...

NCLT Directs Dr. Agarwal's Entities to Hold Meetings for Amalgamation Scheme The National Company Law Tribunal (NCLT), Chennai Bench, has directed Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL) to convene meetings for their respective shareholders and creditors regarding a proposed amalgamation.The order follows a joint First Motion Application filed by AEHL and AHCL. The NCLT, Chennai Bench, allowed the application during a hearing held on May 05, 2026.The formal written Order, dated May 05, 2026, stipulated the requirement for convening separate meetings for the respective stakeholder groups.The meetings are scheduled for Thursday, July 02, 2026. The purpose of these meetings is to...