Markets

Persistent Systems to Absorb Arrka Infosec in Merger of Undertakings Persistent Systems Limited has successfully completed the merger of Arrka Infosec Private Limited, its wholly owned subsidiary. The merger was sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, confirming the absorption of Arrka Infosec into the parent company, Persistent Systems Limited. The merger is intended to rationalize the corporate structure and achieve operational synergies.The NCLT sanctioned the Scheme of Amalgamation between Persistent Systems Limited (Transferee Company) and Arrka Infosec Private Limited (Transferor Company). Persistent Systems Limited received the Certified True Copy of the NCLT order approving the merger on May 11...

Heritage Foods Recommends Final Dividend of Rs. 2.50 Per Share for FY 2025-26 Heritage Foods Limited announced on May 11, 2026, that its Board of Directors recommended a final dividend for the Financial Year 2025-26. The recommendation follows a Board meeting held on May 11, 2026.The Board proposed a final dividend amounting to Rs. 2.50 per equity share. This represents 50% of the face value of the shares, which stand at Rs. 5 each.The dividend for the Financial Year 2025-26 is subject to the subsequent approval of the Company’s shareholders at the 34th Annual General Meeting. If approved by the shareholders, the company anticipates paying the dividend on Thursday, July 30, 2026, subject to the deduction of tax at source as...

Flair Writing Industries Limited Schedules Earnings Call to Discuss FY26 Financial Results Flair Writing Industries Limited has scheduled an Earnings Conference Call to review the Audited Financial Results for the quarter and the full fiscal year ended March 31, 2026.The conference call is set for Friday, May 22, 2026, at 12:00 P.M. Indian Standard Time (IST). The company confirmed that the transcript of the discussion will be uploaded to its official website.During the call, management representatives are scheduled to present the results. The participants include:Mr. Vimalchand Rathod, Managing Director Mr. Mohit Rathod, Whole Time Director Mr. Sumit Rathod, Whole Time Director Mr. Alpesh Porwal, Chief Financial Officer...

UPL Records Strong Financial Performance in FY26, Achieving Record Profitability and Deleveraging Balance Sheet UPL Limited today announced its audited consolidated and standalone financial results for the financial year ended March 31, 2026. The results highlight a record year of high-quality performance, with the company outperforming its guidance across key financial metrics while actively de-leveraging its balance sheet.Management stated that the revenue performance was driven by volume, supported by favorable foreign exchange (FX) conditions, leading to significant expansion in profits.Consolidated Financial Highlights For the financial year ending March 31, 2026, UPL recorded consolidated revenue of ₹51,839 cr, representing an...

Heritage Foods Limited Announces Book Closure for 34th Annual General Meeting and Final Dividend Heritage Foods Limited has announced a book closure period for its records, necessary for the conduct of its 34th Annual General Meeting and the determination of shareholder entitlement for the final dividend of the fiscal year 2025-26.The company informed stakeholders that the Register of Members and Share Transfer Books will remain closed from Thursday, July 16, 2026, to Thursday, July 23, 2026, inclusive.The purpose of the book closure is twofold: to take record of the Company's members for the 34th Annual General Meeting, and to determine which shareholders are entitled to receive the payment of the final dividend for FY 2025-26...

PNGS Reva Diamond Jewellery Ltd Announces Audited Results for FY 2026 and Board Actions PNGS Reva Diamond Jewellery Ltd has announced its audited financial results for the quarter and year ended March 31, 2026. During a Board of Directors meeting held on May 11, 2026, the company approved these financial statements and also approved the appointment of a Secretarial Auditor.The company also released an audited statement of assets and liabilities, alongside its cash flow statement, providing a comprehensive view of its financial health.Financial Performance Summary The audited financial results for the year ended March 31, 2026, were approved by the Board of Directors. The statutory auditors issued an unmodified opinion on the results...

Ministry of Defence Approves Chairman to Take Charge as Director (Operations) at HAL Hindustan Aeronautics Limited announced that the Ministry of Defence, Government of India, has approved the entrusting of the additional charge for the post of Director (Operations). The approval was conveyed via a letter dated May 11, 2026.The charge for the Director (Operations) post has been assigned to Shri Kota Ravi, Chairman & Managing Director of the Company. Shri Ravi, who holds the DIN 10807781, will assume this additional charge for a specified period.According to the communication, the tenure for this additional charge begins on May 1, 2026, and will remain effective for three months or until a new incumbent assumes the post, whichever...

Independent Directors at Heritage Foods Limited Evaluate Board Performance Independent Directors of Heritage Foods Limited held a meeting on May 11, 2026, focusing on the evaluation of key corporate governance aspects. During the meeting, the Independent Directors assessed the performance of various components of the company's governance structure.The scope of the evaluation included assessing the performance of the Independent Directors themselves, as well as the Non-Independent Directors. Furthermore, the directors evaluated the overall performance of the Board and various standing committees.A critical part of the review centered on assessing the quality, quantity, and timeliness of the flow of information exchanged between the...

Shalimar Paints Announces Board Changes: Atul Desai Re-appointed as Independent Director, Abhijeet Jhawar Joins Shalimar Paints Limited has announced key appointments and re-appointments to its Board of Directors. The company approved the re-appointment of Mr. Atul Rasiklal Desai as an Independent Director for a second term, alongside the appointment of Mr. Abhijeet Jhawar as an Additional Director, effective May 12, 2026.Mr. Atul Rasiklal Desai (DIN: 01918187) was re-appointed as an Independent Director for a period of three years. His second term of office will run from June 28, 2026, to June 27, 2029.Mr. Abhijeet Jhawar (DIN: 11536278) has been appointed as an Additional Director, serving as a Non-Executive Non-Independent...

Cineline India Ltd Board Meeting Scheduled for May 15, 2026, to Approve FY Results Cineline India Ltd has announced that its Board of Directors meeting is scheduled for Friday, May 15, 2026. The meeting is set to consider critical corporate matters, including the approval of the company's financial results and the recommendation of a final dividend.During the board session, key resolutions are slated for consideration. The company plans to approve the Audited Financial Results for the quarter and the year ended March 31, 2026. Additionally, the board will recommend a final dividend, if any, for the Financial Year 2025-26. This dividend recommendation remains subject to subsequent approval by the shareholders at the Annual General...

Heritage Foods Crosses ₹45,000 Mn Annual Revenue Milestone Despite Severe Milk Supply Challenges Heritage Foods Limited, a major dairy company offering milk and value-added dairy products, announced its financial results for the quarter and year ended March 31, 2026. The company reported strong performance, reaching an annual revenue of ₹45,260 million, demonstrating resilience amidst industry-wide headwinds, including severe milk shortages and increased input costs.Q4 and Full Year 2026 Performance Highlights Heritage Foods navigated the challenging operating environment of FY26, marked by weak flush seasons and elevated inflation. The company recorded revenue growth of 9% year over year (YoY) to ₹45,260 million for the fiscal year...

Tera Software Ltd. to Hold Board Meeting to Approve Financial Results for FY 2026 Tera Software Ltd. announced that its Board of Directors will convene a meeting to review and approve its financial results for the period ending March 31, 2026. The meeting is scheduled for Monday, May 13, 2026.The Board meeting aims to consider and approve the Audited Standalone and Consolidated Financial Results of the company for the Quarter and the Financial year ended March 31, 2026. Additional agenda items will also be addressed with the permission of the Chair.The meeting will be held at the company’s registered office located at # B-2-293t821N1107, Road Number 55, Jubilee Hills, Hyderabad - 500033.In addition to the financial review, the...

Kundan Edifice Limited Develops PVC Neon Extrusion Products for Lighting Applications Kundan Edifice Limited has announced a significant business development update concerning its product line, focusing on the development of PVC Neon Extrusion products designed for rope light applications. This initiative is set to strengthen the company's presence in the decorative and architectural lighting segment.The company has successfully developed and tested new PVC neon extrusion profiles. The development efforts emphasized product quality, flexibility, and durability, ensuring suitability for diverse lighting applications.According to the company, these developed profiles are currently undergoing evaluation for both manufacturing...

Leel Electricals Ltd Postpones Board Meeting to Approve FY26 Financial Results Leel Electricals Ltd, formerly known as Lloyd Electric & Engineering Limited, has announced the postponement of its Board of Directors meeting. The meeting, which was scheduled to consider and approve the Annual Audited Standalone Financial Results for the financial year ended March 31, 2026, has been rescheduled due to unavoidable circumstances.The Board Meeting is now scheduled for Thursday, May 14, 2026, at 01:00 PM. The revised venue for the meeting will be Plot No. 5, 6-7, Sector-4, IIE SIDCUL, Pant Nagar, Rudrapur, Uttarakhand-263153.Regarding market trading, the company reported that the trading window, which has been closed since April 1, 2026...

Sarla Performance Fibers Board Approves Buyback of Shares Worth Up To ₹44 Crores Sarla Performance Fibers Limited announced that its Board of Directors, during a meeting held on Monday, May 11, 2026, approved a significant proposal to buy back its own equity shares.The Board approved the buyback of up to 40,00,000 fully paid-up equity shares, each having a face value of ₹1. The buyback will be conducted at a Buyback Price of ₹110 per Equity Share, resulting in a maximum aggregate amount of up to ₹44,00,00,000 (Forty Four Crores only).Buyback Parameters and Ratios As reported by the company, the proposed buyback represents the following percentages of the company's capital and reserves, based on the latest audited standalone and...

Sai Life Sciences Achieves 100% Renewable Power Status at Bidar Campus Sai Life Sciences Limited, a leading integrated contract research, development, and manufacturing organization (CRDMO), has successfully transitioned its Bidar campus to operate entirely on renewable power. This milestone makes the Bidar site the first facility within an Indian CRDMO to achieve 100% renewable electricity usage, according to the company.The Bidar campus, which encompasses Unit IV, the company's flagship API manufacturing facility, and Unit VI, its animal health API manufacturing facility, now operates using entirely renewable sources.The achievement reflects a commitment to long-term sustainability and resource efficiency, a viewpoint emphasized...

Iris Clothings Limited Announces Audited Financial Results for March 31, 2026 Iris Clothings Limited announced the final audited financial results for the quarter and year ended March 31, 2026, following the Board of Directors' meeting held on May 11, 2026. The company also released its balance sheet and cash flow statements for the corresponding period.The statutory auditors, AMK & Associates, issued an unmodified opinion on the financial results for the year ended March 31, 2026.Financial Performance Highlights The company's consolidated financial results for the quarter and year ended March 31, 2026, showed the following performance metrics (figures in Lakhs):Particulars Quarter Ended 31-Mar-26 (Audited) Year Ended 31-Mar-26...

SEBI Cancels ₹5.21 Lakh Recovery Order After SAT Sets Aside Key Tax Directive The Securities and Exchange Board of India (SEBI) has formally cancelled a significant Recovery Certificate (RC 7645 of 2024) issued to Pranav Dipak Desai and Kokila Dipak Desai. This cancellation follows a crucial ruling by the Securities Appellate Tribunal (SAT) that set aside the original assessment order.The cancellation, effective May 11, 2026, marks a reversal of the payment mandate for a sum of ₹5,21,000, plus associated interest and charges. The action was taken by SEBI utilizing its inherent powers under the SEBI Act, 1992, and the Income-tax Act, 1961.Trigger for Recovery Certificate Issuance The original recovery directive stemmed from an order...

Urban Enviro Waste Management Reports Solid Waste Management Contract Pipeline Urban Enviro Waste Management Limited provided a detailed overview of its solid waste management contract portfolio, highlighting procurement data for the fiscal years 2025-26 and 2026-27, along with operational contracts across various states including Maharashtra, Gujarat, and Rajasthan.Procurement Snapshot The company reported the following annual billing values from secured orders:Fiscal Year Total Orders Procured Total Annual Billing ValueFY 2025-26 25 42.26 CroresFY 2026-27 (till May 10, 2026) 8 28.05 CroresKey Operational Contracts and Annual Billing Values The company manages contracts covering diverse waste management services...

IndoStar Capital Finance Allots Equity Shares Through Exercise of Stock Options IndoStar Capital Finance Limited announced on May 11, 2026, the allotment of equity shares following the exercise of stock options. The allotment was approved by the Board of Directors, led by Managing Director and Executive Vice Chairman, Mr. Randhir Singh.The company approved the allotment of shares under two distinct Employee Stock Option Plans (ESOPs).Details of the allotted shares are as follows:ESOP Plan Shares Allotted Face Value Per ShareIndoStar ESOP Plan 2016 30,000 INR 10/-IndoStar ESOP Plan 2018 12,500 INR 10/-The resulting transaction significantly increased the paid-up equity share capital of the company.Before the...