Markets

Shipping Corporation of India Reports Audited Financial Results and Recommends Dividend The Shipping Corporation of India Limited (SCI), a Government of India Enterprise, announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Board of Directors reviewed the financial performance and recommended a dividend, subject to shareholder approval at the ensuing Annual General Meeting (AGM).The Board of Directors held its meeting on May 8, 2026, to consider and approve the audited financial reports. Following the review, the Board recommended a dividend of Re. 1 /- per equity share, corresponding to 10% of the face value of Rs. 10/- per share. This...

Tata Consumer Products Limited Grants 3,25,020 Performance Share Units under Employee Incentive Scheme Tata Consumer Products Limited (TCPL) announced that its Nomination and Remuneration Committee of the Board approved the grant of Performance Share Units (PSUs) to eligible employees. The approval for this grant was made on May 08, 2026.The PSUs are part of the company’s Tata Consumer Products Limited-Share-based Long Term Incentive Scheme 2024 (TCPL-SLTI Scheme 2024).In total, the committee approved the grant of 3,25,020 Performance Share Units to eligible employees.The structure and key terms of the PSU grant are detailed as follows:DetailDescriptionValueTotal PSUs GrantedUnits granted to eligible employees3,25,020...

Meesho Limited Announces Additional Investment in Subsidiary Meesho Payments Private Limited Meesho Limited has announced an additional investment in its subsidiary, Meesho Payments Private Limited (MPPL). The investment was executed through a rights issue, involving the subscription of 30,58,103 fully paid-up equity shares of Re. 1/- each.The total cost of acquisition for this investment amounts to Rs. 99,99,99,681. This consideration was calculated based on 30,58,103 equity shares, with each share priced at a premium of Rs. 326/-.The investment in MPPL is intended to support the overall business operations and growth of the payments subsidiary. The funds are expected to facilitate the expansion of MPPL's activities, improve...

E To E Transportation Secures INR 43.54 Crore Rail Contract from Eastern Railway E To E Transportation Infrastructure Limited has secured a significant infrastructure contract from Eastern Railway (ER), Sealdah Division. The contract involves major Signalling & Telecommunication works and materials supply, strengthening the company's order book.The company received the Letter of Acceptance (LOA) on May 8, 2026, for the complex project involving Signalling & Telecommunication works. The scope encompasses the Supply of Materials, Installation, Testing, Interlocking, and Commissioning of Indoor and Outdoor Signalling Equipments with Electronic Interlocking. The work is designated for Majerhat, Brace Bridge, Nangi, and Dual MSDAC, and...

Oberoi Realty Announces Financial Results for FY26 and Q4FY26 Oberoi Realty Limited announced its consolidated financial results for the fourth quarter of FY26 and the full fiscal year 2025-2026 (FY26) on May 8, 2026. The company reported robust performance across its residential, commercial, and retail segments.The conglomerate recorded a Consolidated Revenue of Rs. 6,304.27 crore for FY26, compared to Rs. 5,414.17 crore in FY25. For the fourth quarter alone (Q4FY26), Consolidated Revenue stood at Rs. 1,823.71 crore, an increase from Rs. 1,213.33 crore in Q4FY25.The company’s profitability metrics showed consistent year-over-year growth.Financial Metric (₹ crore)Q4FY26Q4FY25FY26FY25Revenue1,823.711,213.336,304.275,414.17...

Samvardhana Motherson International Limited Provides Corporate Guarantee for Subsidiary's Credit Facility Samvardhana Motherson International Limited has issued a corporate guarantee in favour of the lenders associated with a Revolving Credit Facility (RCF) availed by its wholly owned subsidiary, Motherson Global Investments B.V. The guarantee was issued on May 08, 2026.The corporate guarantee serves as security for the facility utilized by MGI B.V. The transaction involves the subsidiary availing an RCF aggregating up to EUR 720,000,000 (Euro Seven Hundred Twenty Million only) from identified lenders.Samvardhana Motherson International Limited’s potential liability under this new facility is capped at 105% of the facility amount...

Bata India Limited Case Resolved: First Labour Court Dismisses Long-Pending Industrial Dispute Bata India Limited has confirmed the resolution of a long-pending industrial dispute regarding illegal termination, as the First Labour Court, West Bengal at Kolkata, passed an order for dismissal of the case. The final order details the settlement terms involving the payment of compensation to workmen.The litigation initially arose from an industrial dispute raised by certain workmen, which had been referred for adjudication to the Industrial Tribunal in 2010. The Tribunal had earlier passed an Award, which was subsequently challenged by Bata India Limited before the Hon'ble Calcutta High Court.The legal proceedings saw a significant...

Exim Routes Limited Approves Director Appointments, Audit Changes, and ESOP Scheme Modifications Exim Routes Limited conducted a Board Meeting on May 8, 2026, where the Board considered and approved several material corporate actions, including the appointment of a new Independent Director, changes in the company’s audit structure, and modifications to the ESOP scheme.The Board approved the appointment of Mr. Shubham Khandelia (DIN: 10854834) as a Non-Executive Additional Independent Director. Mr. Khandelia, a qualified Chartered Accountant and Fellow Member of the ICAI, currently serves as a Partner at AK Salampuria & Associates. His expertise spans direct tax planning, corporate advisory, and financial consulting across sectors such...

3i Infotech Reports FY26 Revenue of ₹ 693.3 Crore, Profits Surge 38.5% 3i Infotech Limited, a digital transformation services provider, announced its consolidated financial results for the fourth quarter and full year FY26, ended March 31, 2026. The company reported robust growth, maintaining its growth momentum and achieving profitability for the second consecutive year.In FY26, 3i Infotech recorded total operating revenue of ₹ 693.3 crore. The company’s profitability significantly increased, with the Profit After Tax (PAT) reaching ₹ 35.1 crore, marking a 38.5% year-over-year (YoY) jump.Key Financial Performance Highlights The company's strong performance was evident across both the full year and the fourth quarter.MetricQ4...

Bajaj Healthcare Reports Q4 FY26 Financial Results: 12.6% Revenue Growth, 35% Profit Rise Mumbai, May 08, 2026: Bajaj Healthcare Limited, a prominent manufacturer of APIs, Intermediates, and Formulations, has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported key financial highlights for Q4 FY26 and the full fiscal year (FY26).According to the company's statement, the results showed robust growth in overall profitability, though the revenue from operations saw a minor contraction year over year for the quarter.Key Financial Performance Highlights The financial results for the quarter and year ended March 31, 2026, are detailed in the tables below:Particulars (Rs. Mn)Q4...

Control Print Limited Enters IP Assignment Agreement with CP Italy S.R.L. Control Print Limited has executed an Intellectual Property Assignment Agreement with CP Italy S.R.L., its step-down wholly owned subsidiary. The transaction involves the assignment of Intellectual Property Rights (IPRs) and patents owned by CP Italy S.R.L. to Control Print Limited, aiming to safeguard and consolidate IP ownership within the Company.The agreement was entered into for commercial expediency and other business reasons, allowing CP Italy S.R.L. to assign and convey all its rights and title related to the Intellectual Property in favor of Control Print Limited for an agreed consideration.The transaction is considered a related party transaction and...

Sasken Technologies Reports Strong Q4 Results, Achieving 102.1% YoY Revenue Growth in FY26 Sasken Technologies Ltd., a provider of product engineering and digital transformation services, announced its financial results for the quarter and year ended March 31, 2026. The results underscore sustained momentum, with the company reporting significant year-on-year revenue growth and margin expansion across its core segments.The company's performance reflects structural transformation and disciplined execution, with the board recommending a final dividend of ₹ 13 per equity share.Financial Performance Highlights For the year ending March 31, 2026, Sasken Technologies recorded total consolidated revenues of ₹ 1,113.17 crores, marking a...

Zaggle Prepaid Ocean Services Limited Executes Amendment to Customer Service Agreement with Honasa Consumer Limited Zaggle Prepaid Ocean Services Limited has confirmed the execution of an Amendment Agreement pertaining to its Customer Service Agreement with Honasa Consumer Limited.The agreement, which amends the original Customer Service Agreement dated February 24, 2025, was executed on May 08, 2026. The modification involves Zaggle providing additional features to the existing Zaggle Zoyer Platform for Honasa Consumer Limited.The key details of the amended contract are as follows:ParticularsDetailsName of PartiesHonasa Consumer LimitedNature of AgreementAmendment to Customer Service Agreement dated February 24, 2025...

Niva Bupa Board Approves New Appointments, Elevates Officer, and Grants ESOPs Niva Bupa Health Insurance Company Limited announced key corporate governance updates following its Board meeting on May 08, 2026. The Board approved the appointment of two new Additional Directors, the elevation of an existing executive officer, the grant of a significant number of Employee Stock Options (ESOPs), and noted the resignations of two Non-Executive Directors.Key Director Appointments The Board, based on the recommendation of the Nomination & Remuneration Committee, approved the appointment of two individuals as Additional Directors, effective May 15, 2026.Mr. Christopher Patrick Carroll (DIN: 11527069) was appointed as an Additional Director...

Celestial Chakra Trust Registers as Category II Alternative Investment Fund Gretex Corporate Services Limited announced that Celestial Chakra Trust, known as the Fund, has secured registration as a Category II Alternative Investment Fund (Cat - II AIF). The Fund officially received its registration number IN/AIF2/2627/2154 on May 05, 2026.The Company confirmed that the Fund received the digitally signed certificate of registration through the SEBI Intermediary portal on May 08, 2025.Bautex Ventures LLP is involved in the management structure of the Fund, acting as both the Sponsor and the Investment Manager. The Company, Gretex Corporate Services Limited, and its material subsidiary, Gretex Share Broking Limited, each hold a 50%...

Aeroflex Neu Limited Approves Audited Financial Results and Reappoints Internal Auditor Aeroflex Neu Limited, formerly known as Sah Polymers Ltd., held its Board of Directors meeting on Friday, May 8, 2026. During the meeting, the Board approved the audited financial results and statements for the quarter and the full financial year ended March 31, 2026. The company also confirmed the reappointment of M/s A. Modi & Co, Chartered Accountants, as its Internal Auditor for the Financial Year 2026-27.The Board approved both the audited financial results (Standalone and Consolidated) and the financial statements for the financial year ended March 31, 2026. These statements include the Balance Sheet as on March 31, 2026, the Statement of...

Bank of India Reports Strong Financial Performance with 14.19% Net Profit Growth in FY26 Bank of India announced its audited financial results for the 4th Quarter and Financial Year ended March 31, 2026, reporting significant growth across key financial metrics.The bank’s Net Profit for FY26 reached ₹ 10,527 crore, marking a 14.19% increase Year-over-Year (YoY). On a quarterly basis, Net Profit for Q4FY26 grew by 14.85% YoY to ₹ 3,016 crore.Operating profitability also demonstrated robust growth. Operating Profit for FY26 grew by 3.88% YoY to ₹ 17,049 crore. For Q4FY26, Operating Profit saw a growth of 2.88% YoY, amounting to ₹ 5,026 crore.Profitability and Efficiency Ratios The bank maintained strong operational efficiencies...

Carraro India Gains Complete Relief from Tax Demand of Rs. 6,37,26,310/- Following Customs Order Carraro India Limited announced that it has received a favorable order from the Office of the Commissioner of Customs, Pune, resulting in complete relief from a significant tax demand.The Company reported receiving the order, bearing reference number PUNE-CUSTOMS-000-COMMR-01/2026-27 and dated May 7, 2026, on May 8, 2026.The resolution follows the Company's submissions and representations made to the tax authorities regarding a tax demand related to the short levy of IGST @ 10%. As a direct result of these efforts, the tax demand has been dropped.The favorable customs order provides a substantial financial benefit to the Company...

RBI Slaps ₹31.80 Lakh Penalty on Yes Bank for Major KYC Compliance Failure The Reserve Bank of India (RBI) has levied a monetary penalty against Yes Bank Limited for deficiencies related to its 'Know Your Customer' (KYC) compliance. The penalty, detailed in an order dated April 27, 2026, amounts to ₹ 31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only).The action underscores the central bank's continued emphasis on stringent adherence to regulatory norms across the banking sector. This penalty was imposed under the powers vested in the RBI by Section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.Regulatory Penalty and Compliance Failures The penalty specifically addresses Yes Bank's failure to fully...

Advance Agrolife Limited Board Approves FY 2026 Results and Re-appoints Statutory Auditors Advance Agrolife Limited announced on May 8, 2026, that its Board of Directors concluded a meeting on the same day, where it considered and approved key corporate activities, including the audited financial results for the quarter and the full financial year ended March 31, 2026.The Board of Directors of Advance Agrolife Limited reviewed the company's audited standalone financial results. These comprehensive reports include the Statement of Assets & Liabilities and the Cash Flow Statement for the financial year ended March 31, 2026. The Board also noted that the audited standalone financial statements for the financial year ended March 31, 2026...