Markets

The Indian Hotels Announces Financial Results and Recommends 325% Dividend The Indian Hotels Company Limited announced its financial results and the recommendation of a dividend following its Board meeting held on May 11, 2026. The Board recommended a dividend of ₹ 3.25 per Equity Share, a significant increase from the ₹ 2.25 recommended in the previous year, subject to approval by members at the forthcoming Annual General Meeting (AGM).The company released its audited and consolidated financial results for the quarter and financial year ended March 31, 2026.Financial Highlights Based on the audited consolidated financial results, the Group reported substantial annual growth compared to the previous year.Comparing the key figures...

Bharat Forge Secures Long-Term Contract with Embraer for Landing Gear Forgings Bharat Forge Limited (BFL), a global leader in advanced forging and precision engineering, has secured a long-term contract with Embraer. The agreement marks a significant milestone for the company, establishing it as the first supplier from India to enter Embraer’s global Aerospace supply chain for forged components.Under the terms of the contract, Bharat Forge will be responsible for the manufacturing and supply of high-integrity forged components crucial for landing gear systems utilized across Embraer's commercial and defense aircraft programs. This engagement strengthens Bharat Forge's position within the global aerospace supply chain and highlights...

Anondita Medicare Limited to Showcase Capabilities at Pharma Eurasia 2026 in Uzbekistan Anondita Medicare Limited (NSE - SME: ANONDITA) has announced its participation in the international pharmaceutical exhibition, 'Pharma Eurasia 2026, Uzbekistan.' The event is scheduled to take place from May 20, 2026, to May 22, 2026, at the Tashkent Pharma Park in Tashkent, Uzbekistan.The company aims to leverage its participation to expand its presence across Central Asian countries and explore various business opportunities, including engagement with potential buyers and channel partners.The participation in the leading pharmaceutical industry exhibition is expected to boost the company's global business visibility. Key objectives include...

Satin Creditcare Network Limited Announces Audited Financial Results for FY 2025-26 Satin Creditcare Network Limited announced the Board of Directors' approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results document outlines the financial performance and position of the Group as of the end of the fiscal year.The company confirmed that the Board of Directors approved the financial statements following a meeting held on May 11, 2026.Financial Performance Highlights The consolidated results show substantial growth in revenue and profits compared to the previous fiscal year.Metric March 31, 2026 (Audited) March 31, 2025 (Audited)Total Income ₹ 3,16,087.11...

Bombay High Court Appoints Sole Arbitrator in Inventure Growth & Securities Dispute The Bombay High Court has appointed a Sole Arbitrator in a Commercial Arbitration Application concerning an Agreement for Sale of Shares dated 13 August 2014, affecting Inventure Growth & Securities Limited.In the ongoing legal proceedings, Inventure Growth & Securities Limited contested its inclusion in the arbitration matter, stating that the company is not a signatory to the arbitration agreement in question.The High Court noted that the determination of whether the company is bound by the arbitration agreement is solely for the Arbitral Tribunal to decide. Consequently, the Court observed that Inventure Growth & Securities Limited is entitled to...

MRF Limited Reports Significant Reduction in Tax Demands Following Tribunal Orders MRF Limited has provided updates on two ongoing tax litigations filed with the Income Tax Appellate Tribunal. In both cases, favorable rulings have led to a substantial reduction in the respective tax demands.The tax disputes involve the Income Tax Authority, specifically the Deputy Commissioner of Income-Tax, Central Circle 3(3), Chennai. The company reported developments in litigations concerning Assessment Year 2015-16 and Assessment Year 2016-17.For the dispute related to the Assessment Year 2015-16, the litigation was initiated on March 15, 2024. This case involved an appeal filed with the Income Tax Appellate Tribunal concerning the disallowance...

SEBI Proposes 5% Window: How Depositories Can Utilize IPF Corpus Income for Operational Needs The Securities and Exchange Board of India (SEBI) has initiated a significant consultative process regarding the utilization of income generated from the Investor Protection Fund (IPF) Corpus of depositories. The consultation paper, released on May 11, 2026, seeks public input on aligning the financial flexibility of depositories with that of stock exchanges.The core proposal aims to permit depositories to utilize a defined portion of their annual IPF interest or income to cover critical administrative and operational expenses. This move represents a potential paradigm shift in how these vital market funds are managed and deployed.Overview...

Maruti Suzuki India Reports Adjournment of CCI Hearing Maruti Suzuki India Limited has provided an update regarding the ongoing matter before the Competition Commission of India (CCI).The company confirmed that the matter was taken up for a hearing on May 11, 2026. During the session, the CCI sought an adjournment. Consequently, the hearing has been rescheduled to May 25, 2026, for arguments on behalf of the CCI.MARUTI Stock Price Movement Shares of Maruti Suzuki India Limited today slipped by 1.68% to settle at ₹13,483. The stock traded on a volume of 634,354 shares, hitting a low of ₹13,231 at one point during the trading session.

CORONA Remedies Reports 17.3% Revenue Growth in FY26, Recommends Final Dividend CORONA Remedies Limited, a leading India-focused branded pharmaceutical company, announced its audited financial results for the fourth quarter and fiscal year ended March 31, 2026, showcasing robust financial performance. The Board of Directors also recommended a final dividend for the shareholders.At a board meeting held on May 11, 2026, the company approved the audited Standalone and Consolidated Financial Results, alongside the respective Audit Reports, for the year ended March 31, 2026.Financial Performance Highlights The Company’s financial statements for the year ended March 31, 2026, indicate significant growth. The attached financial statements...

Sinclairs Hotels Ltd. Board Meeting Scheduled for May 21, 2026; Approvals and Dividend Consideration on Agenda Sinclairs Hotels Limited announced that a meeting of its Board of Directors is scheduled for Thursday, May 21, 2026. The meeting is set to address key financial approvals for the quarter and financial year that concluded on March 31, 2026.During the Board meeting, the primary agenda items include the consideration and approval of the Audited Financial Results and Audited Financial Statements of the company. This approval process will also cover the Auditor's Report corresponding to the period ended March 31, 2026.Furthermore, the Board is slated to consider the recommendation regarding the declaration of a dividend, if...

Family Trusts Receive SEBI Exemption for Internal Share Restructuring of Muthoot Fincorp Limited Muthoot Microfin Limited has confirmed that its associated trusts, comprising members of the promoter group, have been granted an exemption from the open offer requirements pertaining to the acquisition and subsequent settlement of shares in Muthoot Fincorp Limited (MFL).The exemption was granted by SEBI vide order number WTM/KCV/CFD/01/2026-27, dated May 5, 2026.The proposed transactions are structured as an internal reorganization within the Muthoot Family, designed to streamline succession planning and the welfare of the family members. Critically, the company confirmed that there will be no change in the total shareholding of the...

Bank of India Holds E-Auction for Immovable Property; HDB Financial Services Lists Multiple Gold Auctions Financial institutions in Mumbai and across Maharashtra have scheduled multiple e-auction and auction events for the recovery of outstanding dues, including the sale of immovable properties and pledged gold ornaments.Bank of India Auction Details Bank of India is holding an E-Auction for an immovable asset located in Thane. The sale is being conducted under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.The e-auction will take place on May 26, 2026, via an e-auction platform.The details of the mortgaged property and outstanding dues are summarized below...

NELCO Limited Fixes June 9, 2026, as Record Date for Potential Dividend Payment NELCO Limited announced the record date for the potential dividend payment for the financial year ended March 31, 2026. The company fixed Tuesday, June 9, 2026, as the date for determining the entitlement of members to receive the dividend.The Board of Directors of Nelco Limited, in its meeting on Monday, April 20, 2026, had recommended a dividend of ₹ 1 per equity share of ₹ 1 0 each. This dividend is contingent upon declaration by the Members of the Company at the upcoming 83rd Annual General Meeting (AGM).The proposed dividend payment structure, if declared at the AGM, is detailed below.Dividend Recommendation Summary:Parameter DetailCompany...

HPL Electric & Power Limited Re-appoints Dr. Rashmi Vij as Independent Director for Five-Year Term HPL Electric & Power Limited announced the Board of Directors' approval for the re-appointment of Dr. (Mrs.) Rashmi Vij as an Independent Director. The appointment, recommended by the Nomination and Remuneration Committee, is set to commence on May 12, 2026, for a further period of five consecutive years.The Board's decision approved the re-appointment subject to the subsequent approval of the company's shareholders.Dr. (Mrs.) Rashmi Vij, who holds DIN:01103219, was affirmed as eligible for the role after a review confirming she is not debarred from holding the office of director by any SEBI Order or other authority.The details of...

Krystal Integrated Services Limited Enters Public Relations Agreement with M/s. Communicate India Krystal Integrated Services Limited, previously known as Krystal Integrated Services Private Limited, announced on May 11, 2026, that it has entered into a Service Provider Agreement with M/s. Communicate India. The agreement formalizes the engagement for availing public relations services for the Company.The agreement details confirm that the purpose of the partnership is to secure Public Relations services from M/s. Communicate India.The core details of the service provider agreement are as follows:Particulars DetailsName of Parties M/s. Communicate IndiaPurpose of Agreement For availing Public Relations services from M/s...

Munjal Auto Industries Limited Awarded Contract for Supplying Sheet Metal Parts to Honda Motorcycle Munjal Auto Industries Limited announced that it has been awarded business from Honda Motorcycle and Scooter India Pvt. Ltd. The contract involves the manufacturing and supply of Sheet Metal stamping and welding parts.The business was awarded to Munjal Auto Industries Limited on May 11, 2026. The nature of the award relates to the long-term supply of sheet metal stamping and welding parts, which includes the design and development of Tooling and Dies.The transaction involves a domestic entity, confirming the scope of the supply agreement.Key details regarding the contract awarded by Honda Motorcycle and Scooter India Pvt. Ltd. are...

Rajgor Castor Derivatives Limited Promoter Confirms No Encumbrance on Shares Vasantkumar Shankarlal Rajgor, a promoter of Rajgor Castor Derivatives Limited, has confirmed the status of the promoter group's holdings. The declaration specifically addresses the lack of any new encumbrance placed on the company’s shares during the last financial year.The promoter group confirmed that they have not created any encumbrance on the shares of Rajgor Castor Derivatives Limited, either directly or indirectly. This confirmation applies to all shares held by the promoter group and Persons Acting in Concert, excluding those that were already disclosed.The status declaration covers the period of the financial year ended March 31, 2026.The key...

Garware Technical Fibres Approves Buyback of Equity Shares Worth Up To INR 110 Crores Garware Technical Fibres Limited announced the approval of a significant buyback program for its equity shares. The Board of Directors passed the resolution on May 08, 2026, detailing the acquisition of up to 1,617,500 fully paid-up equity shares.The company stated that the primary objectives behind the buyback are to optimize returns to shareholders and enhance overall shareholder value.Key Buyback Details The Board approved the buyback of Equity Shares with a face value of INR 10 each. The transaction details are summarized below:Parameter DetailMaximum Shares to be Bought Back 1,617,500 (Sixteen Lakh Seventeen Thousand Five Hundred)...

Orient Green Power Reports Highest Net Profit in History for FY26; Approves Multiple Mergers Orient Green Power Company Limited, a leading independent renewable power producer, reported key financial results for the fiscal year (FY) 2026. The company announced its highest net profit in its operating history for FY26. Alongside the financial updates, the Board of Directors also accorded in-principle approvals for multiple strategic mergers involving wholly-owned subsidiaries.Financial Performance Overview for FY26 The company achieved significant financial milestones in FY26. Key financial figures for the consolidated entity show a Total Income of ₹ 315.57 Cr and a Net Profit of ₹ 71.57 Cr. This represents a 70% increase in Net Profit...

Anondita Medicare Limited to Expand Central Asia Presence at Pharma Eurasia 2026 Anondita Medicare Limited announced its participation in the upcoming 'PHARMA EURASIA 2026, UZBEKISTAN'. The company aims to leverage this international platform to expand its presence in Central Asia Countries and explore vital business opportunities, including engagements with potential buyers.The participation in the event is scheduled to take place in Tashkent, Uzbekistan.The key details regarding the event are provided below:Date of Event Name of the Event Venue ModeMay 20, 2026 to May 22, 2026 PHARMA EURASIA 2026, UZBEKISTAN Tashkent Pharma park, Tashkent Uzbekistan PhysicalANONDITA Stock Price Movement Today, Anondita Medicare Limited...