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India Ratings Upgrades Magadh Sugar & Energy Ltd Bank Loan Facilities Magadh Sugar & Energy Ltd saw an upgrade and affirmation of its bank loan facilities by India Ratings and Research. The rating actions were issued vide a letter dated May 8, 2026, confirming the enhancement of the company's long-term credit profile.India Ratings and Research upgraded Magadh Sugar & Energy Limited's (MSEL) long-term rating to 'IND A+' with a Stable Outlook, an improvement from its previous rating of 'IND A'. Concurrently, the rating for short-term bank facilities was reaffirmed at 'IND A1'.The comprehensive rating assessment covers the bank loan facilities of the company.Key rating actions and facilities details include:Instrument Type Rating...

Omfurn India Limited Exempt from Annual Secretarial and Corporate Governance Reports Omfurn India Limited, a company listed on the SME Emerge Platform of the National Stock Exchange of India Limited, has confirmed that the Annual Secretarial Compliance Report and Corporate Governance Report for the financial year ended March 31, 2026, are not applicable to the entity.The company confirmed its listing status on the SME Emerge Platform. Omfurn India Limited stated that due to its listed status on the SME Exchange, the corporate governance provisions do not apply to the company.The exemption means that the company will not be submitting the Annual Secretarial Compliance Report for the specified period.The company maintains its...

India Ratings Reaffirms Avadh Sugar & Energy Ltd's Bank Facility Ratings India Ratings and Research (Ind-Ra) has reaffirmed the credit ratings for the bank loan facilities of Avadh Sugar & Energy Ltd (ASEL). The ratings affirmation details the company's standing across its long-term and short-term banking facilities.According to the rating confirmation, ASEL’s bank facilities received the following reaffirmed ratings:Facilities Amount (Rs. In Million) Rating Rating ActionLong Term Bank Facilities 5978.9 IND A+ STABLE AffirmedShort Term Bank Facilities 12200 IND A1 AffirmedIn a separate assessment regarding the bank loan facilities, India Ratings also provided a rating update, noting the following key metrics for the...

SKP Securities Ltd Announces Audited Financial Results for Year Ended March 31, 2026 SKP Securities Ltd announced its audited financial results for the quarter and financial year ended March 31, 2026, on May 9, 2026. The company also released the statutory audit report from M/s S K Agrawal and Co Chartered Accountants LLP.The auditors expressed an unmodified audit opinion on the annual financial results.Financial Highlights (Rs. in lacs) The Statement of Audited Financial Results for the year ended March 31, 2026, showed total income of 4,102.38 lacs, resulting in a Net Profit for the Period of 1,034.75 lacs. This compares to a Net Profit of 998.95 lacs for the previous fiscal year (ended March 31, 2025).The company’s total...

Purple United Sales Limited Approves FY26 Financial Results; Confirms Internal Audit Appointment Purple United Sales Limited, formerly known as Purple United Sales Private Limited, announced the approval of its audited standalone financial results for the half year and the financial year ended March 31, 2026. The Company’s Board of Directors meeting, held on May 9, 2026, approved the results, which were reviewed by the Audit Committee.The Company also confirmed the appointment of M/s. Vikas Bansal & Associates, Chartered Accountants, as the Internal Auditors for the Financial Year 2026-27.The statutory auditors, M/s. NGMKS & Associates, Chartered Accountants, issued an Auditor's Report confirming an unmodified opinion on the...

Brigade Hotel Ventures Plans Major Expansion, Pledges ₹1,000 Crore Investment Following Grand Mercure Mysuru's 10th Anniversary On the occasion of the tenth anniversary of the Grand Mercure Mysuru, Brigade Hotel Ventures Limited (BHVL) has announced an ambitious roadmap for the next five years, outlining an investment outlay of around ₹1,000 crores in Karnataka. This plan focuses on developing new projects and modernizing existing assets to support the growth of experiential tourism.The company emphasized that its strategy centers on developing the local micro-economy and investing in cutting-edge sustainable infrastructure, positioning Mysuru as a top-tier global tourism destination.Speaking about the city's growth, BHVL noted that...

Innovision Ltd Secures One-Year Contract for Toll Collection and Facility Management on NH-28C Innovision Ltd has been awarded a significant work order by the National Highways Authority of India (NHAI) for the collection of user fees and comprehensive maintenance of facilities along a major stretch of National Highway-28C in Uttar Pradesh. The contract marks Innovision Ltd's role as the appointed user fee collection agency for the specified area.The work order was granted by the NHAI under tender ID NHAI/13013/547/CO/26-27/CB/Aaini FP/ E- 7818/R- 1393 dated May 8, 2026.The scope of work involves the management of the Aaini Fee Plaza located between Jarwal and the Bahraich Bypass Section of NH-28C in Uttar Pradesh. This contract...

Kfin Technologies Announces Changes in Senior Management Roles Kfin Technologies Limited announced that its Board of Directors approved key changes and enhancements in the roles and designations of its senior management personnel, effective May 09, 2026.The changes involve Mr. Muralidharan Sivaramakrishnan assuming a new senior leadership role and Mr. Amit Murarka assuming enhanced responsibilities, marking key structural transitions within the company’s international business and finance functions.Updates to Senior Management Team Mr. Muralidharan Sivaramakrishnan was designated as the Senior Vice President - Global Fund Services & National Pension System. This transition is part of the Company's internal restructuring, with Mr...

Solitaire Machine Tools Announces Details for 34th Annual General Meeting and Book Closure Dates Solitaire Machine Tools Ltd confirmed that its 34th Annual General Meeting (AGM) is scheduled for Saturday, June 27, 2026. The meeting will be held at 11:00 A.M. via Video conferencing (VC) or Other Audio-Visual means (OAVM).In preparation for the AGM, the company detailed the necessary book closure and record dates for its shareholders.The Register of Members and Share Transfer Books of the company will remain closed from June 21, 2026, through June 27, 2026, inclusive. Consequently, the record date, set for June 20, 2026, determines the eligible members for both the 34th Annual General Meeting and the final dividend, if declared.The...

Sambhaav Media Ltd Receives Order from Appellate Authority Regarding Tax Assessment Sambhaav Media Ltd has received an order from the Appellate Authority of the Income Tax Department concerning tax assessment proceedings. This order relates to the assessment years 2021-22 and 2022-23, which followed search operations conducted by the Income Tax Department in September 2021.The company confirmed the receipt of the communication on May 9, 2026, detailing the order issued by the Commissioner of Income Tax (Appeal) - 12, Ahmedabad, on May 8, 2026.According to the details provided, the order concerns an assessment pertaining to search-related proceedings. The potential financial impact of the addition of income assessed by the officer...

Cil Securities Reports Financial Results for Q4 and Fiscal Year 2026 Cil Securities Ltd released its audited financial results for the quarter and financial year ended March 31, 2026. The company's Board of Directors approved the results during a meeting held on May 9, 2026.The financial data reflects key operational metrics, segmental performance, and balance sheet positions for the reporting period.Financial Performance Summary (Rs. in Lakhs) The company's total income and profitability figures for the period ending March 31, 2026, compared to the preceding year, are detailed below.Particulars Quarter Ended March 31, 2026 (Audited) Quarter Ended December 31, 2025 (Unaudited) Corresponding Quarter Ended March 31, 2025 (Audited)...

Jyothy Labs Confirms Non-Renewal of Pril and Fa License Agreements with Henkel Jyothy Labs Ltd. has announced that Henkel AG & Co. KGaA has decided not to renew the License Agreements and Technology License Agreements governing the manufacture, distribution, marketing, and sale of the brands Pril and Fa. The agreements, which were originally executed on May 31, 2011, contained automatic renewal provisions extending until May 31, 2026.The non-renewal decision follows discussions between the Company and Henkel, concluding that there is no further reasonable possibility of extending the existing agreements beyond the specified date.The original collaboration centered on the Pril and Fa brands and involved Henkel AG & Co. KGaA and the...

Jyothy Labs Outlines Growth Strategy Following Non-Renewal of PRIL and Fa Dishwash Licenses Jyothy Labs Limited announced an update regarding the next phase of its dishwash portfolio, following confirmation from Henkel that the 'PRIL' and 'Fa' brand license agreements will expire and not be renewed beyond May 31, 2026.The non-renewal marks the conclusion of a nearly 15-year association during which the Company built and scaled the 'PRIL' and 'Fa' brands in India. Jyothy Labs is now preparing for an orderly transition, pivoting its focus toward growth led by its wholly owned brands.Portfolio Background and Brand StructureThe Company had initially acquired Henkel's India consumer business through a composite transaction in 2011...

Yash Optics & Lens Limited Approves Financial Results and Recommends Maiden Dividend for FY26 Yash Optics & Lens Limited announced the final audited financial results for the half-year and full year ended March 31, 2026, after its Board of Directors meeting held on May 9, 2026. During the meeting, the Board recommended a final dividend of ₹0.50 per equity share of face value ₹10 each for the financial year 2025-26.Management noted that the strong financial performance for FY 2025-26 was driven by robust business growth, healthy operating profitability, and continued financial discipline.Financial Performance Highlights The company reported significant growth in its operations for the fiscal year ended March 31, 2026. Revenue from...

NRB Bearings Limited to Host Q4 FY26 Earnings Call on May 11, 2026 NRB Bearings Limited, a premier manufacturer of Cylindrical and Needle roller bearings, and a producer of friction solutions for the automotive and industrial segments, is set to discuss its financial and operational performance for the fourth quarter (Q4 FY2025-26) during an upcoming Earnings Call.The company is scheduled to announce its Financial Results for the Fourth Quarter and Full Year ended March 31, 2026, on May 7, 2026. Following this announcement, the management of the company will host the dedicated Earnings Call on Monday, May 11, 2026.During the call, the management will delve into the Company’s operational and financial performance for the specified...

Nilachal Refractories Ltd Board Approves Disposal of Substantially Whole Undertaking, Sets EGM for May 18 Nilachal Refractories Ltd announced that its Board of Directors held a meeting on May 9, 2026, approving major corporate transactions, including the disposal of its core assets. The Board also approved holding an Extra-Ordinary General Meeting (EGM) for shareholders to vote on the proposed sale.During the board meeting, the company approved the proposal for the sale, transfer, or disposal of its movable fixed assets. This includes the disposal of plant and machinery and capital work-in-progress, which amounts to disposing of substantially the whole undertaking of the company. This move is subject to the approval of shareholders...

Prime Cable Industries Secures Contract for Manufacture and Supply of 11 KV HT Cable Prime Cable Industries Limited, which manufactures wires and cables, has secured a contract from a private entity for the manufacture and supply of 11 KV HT Cable. The contract has a broad consideration of ₹ 8,30,13,000, inclusive of GST.The details concerning the newly awarded contract were structured as follows:Particulars DetailsName of Entity Awarding the Contract Private EntityNature of Order Manufacture & Supply of 11 KV HT CableDomestic/International Status DomesticBroad Consideration or Size of Contract ₹ 8,30,13,000 (inclusive of GST)Execution Timeline Within 30 days or as per schedule requirement from MFC issued by the...

Purple United Sales Limited Files Report on Utilization of SME IPO Proceeds Purple United Sales Limited, formerly Purple United Sales Private Limited, has received an independent Chartered Accountants' report detailing the utilization of net offer proceeds raised through its SME Initial Public Offer (IPO). The report, dated May 9, 2026, confirms the status of fund deployment as of March 31, 2026.The investigation into the utilization of proceeds was conducted by NGMKS & Associates, the independent Chartered Accountants, confirming details related to the public issue of the company’s shares.IPO Offering Details The IPO saw the issuance of 2.604 lakhs Equity Shares of face value of Rs 10/- each. The financial figures associated with...

Mahindra & Mahindra Ltd Reports Operational Figures for April 2026 Mahindra & Mahindra Ltd has released its production, sales, and export figures for the month of April 2026, providing a detailed overview of the company's performance across its various utility vehicle categories.According to the reported data, the company's total production stood at 95,276 units in April 2026, compared to 87,683 units in April 2025. Similarly, total sales reached 92,631 units in April 2026, up from 82,281 units reported in April 2025. Exports were robust, totaling 5,007 units in April 2026, versus 3,401 units in the same period last year.The operational data highlights strong performance across key segments, including Utility Vehicles, 3W-Pass, and...

Sat Kartar Life Limited Receives In-Principle Approval for Share Issuance from NSE Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has secured in-principle approval from the National Stock Exchange of India (NSE) for a significant share allotment. The approval relates to the issue of equity shares pursuant to a Preferential issue via the conversion of warrants.The company received the approval via a letter bearing the reference number NSE/LIST/54702, dated May 08, 2026.Under the in-principle approval granted by the Exchange, Sat Kartar Life Limited is authorized to allot a total of 2,824,800 equity shares. This allotment comprises two tranches of shares, all issued at a face value of Rs. 10/- each.The...