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Polycab India Announces Senior Management Restructuring with Multiple Redesignations Polycab India Limited announced significant changes in its senior leadership structure, effective May 06, 2026. The company detailed key redesignations across several management roles, alongside an update to its list of Senior Management Personnel (SMP) reflective of the organization's updated structure.On May 06, 2026, Polycab India announced changes in the roles and responsibilities of several key executives. These redesignations were effective from the date of the announcement.The first set of management changes included:NameNew DesignationReason for ChangeEffective DateMr. Ishwinder KhuranaChief Executive Officer - B2CChange in roles &...

Study Confirms PLA Microplastics Break Down Safely in Indian Soil, Offering Sustainable Alternative A new scientific investigation has confirmed that Polylactic Acid (PLA), a compostable polymer, can safely degrade into natural substances in Indian soil conditions, offering a viable alternative to conventional plastics that persist and generate harmful microplastics.The study, conducted by a premier academic institution under the Ministry of Chemicals & Fertilizers, Government of India, evaluated PLA microplastics in Indian soil across 30, 60, 90, 120, and 180 days. The findings demonstrated substantial degradation of the compostable material, supporting a circular lifestyle.According to the research, PLA microplastics showed...

Rane (Madras) Limited Announces Q4 FY26 Results and Approves Dividend for 2025-26 Rane (Madras) Limited, a leading auto component group, announced its consolidated financial performance for the fourth quarter (Q4 FY26) and the full year (FY26) ended March 31, 2026. The Board of Directors of the company approved the audited financial results for the quarter and the year.During its meeting held on May 6, 2026, the Board of Directors, based on the recommendation of the audit committee, approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The company also recommended a dividend of Rs. 16/- per equity share on 27,637,137 equity shares of Rs. 10 each fully paid up, for the...

Rane (Madras) Limited Announces Record Date for 22nd AGM and Dividend Rane (Madras) Limited announced the record date for its 22nd Annual General Meeting (AGM) and the potential dividend for the fiscal year ended March 31, 2026. The company stated the record date is set for July 29, 2026.The announcement, made on May 06, 2026, concerns the record date required to determine eligibility for both the 22nd AGM and any dividend declared at the ensuing meeting for the year ended March 31, 2026.The company provided specific details regarding the security class and the associated dates.MetricDetailCompanyRane (Madras) LimitedAnnouncement DateMay 06, 2026Record DateJuly 29, 2026Purpose22nd AGM and Dividend for the year ended...

Likhitha Infrastructure Secures Order of Rs.72.15 Crores from Hindustan Petroleum Corporation Limited Likhitha Infrastructure Limited announced on May 06, 2026, that it has received a significant order worth Rs.72.15 Crores (Excl. GST) from M/s. Hindustan Petroleum Corporation Limited.The contract involves the laying of a cross-country pipeline along with associated facilities. This substantial domestic order is categorized under Pipeline Laying Works-SCH B.Key details regarding the contract award are as follows:ParticularsDetailsAwarding EntityM/s. Hindustan Petroleum Corporation LimitedNature of OrderLaying of Cross-Country Pipeline along with associated facilitiesOrder TypeDomestic EntityConsideration...

KPIT Technologies Approves Final Dividend and Initiates Strategic Acquisition of Cybersecurity Firm Cymotive KPIT Technologies Limited announced significant corporate developments, including the approval of audited financial results and the recommendation of a final dividend, alongside the strategic acquisition of Cymotive Technologies LTD, a specialized automotive cybersecurity firm.The Board of Directors of KPIT Technologies held its meeting on May 6, 2026, and approved the audited Standalone and Consolidated Financial Results and Statements for the quarter and year ended March 31, 2026. The board also recommended a Final Dividend for the fiscal year 2025-26, at Rs. 5.25 per equity share, totaling Rs. 10/- each (representing 52.5%)...

KPIT Technologies Announces Acquisition of Cybersecurity Firm Cymotive, Approves FY26 Results and Dividend KPIT Technologies Limited announced significant corporate developments following its Board of Directors meeting held on May 6, 2026. The Board approved the audited financial results for the quarter and full year ended March 31, 2026, and recommended a final dividend for the fiscal year 2025-26. Most notably, the Board sanctioned the acquisition of a strategic stake in Cymotive Technologies LTD, a specialized automotive cybersecurity firm.The acquisition of Cymotive, a leading cybersecurity specialist from Israel, is central to KPIT's long-term strategy of generating differentiated, AI solutions-led value for global Original...

Manorama Industries Ltd. Board to Meet May 11 for FY Results Approval and Final Dividend Recommendation Manorama Industries Ltd. has scheduled a meeting of its Board of Directors for Monday, May 11, 2026. The board meeting is slated to consider several material business matters, including the financial results for the fiscal year ending March 31, 2026, and the recommendation of a final dividend.During the meeting, the board will focus on key resolutions related to the company's performance and shareholder returns. The primary agenda items include:1. Approval of the Audited Financial Results (Standalone and Consolidated) for the quarter and the full Financial Year ended March 31, 2026, along with the Auditors Report. 2...

Arman Financial Services Secures Relief in Tax Appeal, Deletion of Rs. 15 Crore Addition Arman Financial Services Limited announced that it has received a favorable order from the Income Tax Department regarding its appeal for the Assessment Year 2012-13. The order, dated May 05, 2026, passed under Section 250 of the Income-tax Act, 1961, largely favors the company, addressing disputed additions made during the tax assessment process.The proceedings involve an appeal filed against the assessment order passed under Section 143(3).Key Outcome of Appellate Order During the appellate proceedings, the Commissioner of Income Tax (Appeals) [CIT(A)] adjudicated various additions and disallowances raised by the Assessing Officer (AO). The...

Privi Speciality Chemicals Receives No Objection from NSE on Amalgamation Scheme Privi Speciality Chemicals Limited provided an update on the proposed scheme of amalgamation involving the company and two other entities. The scheme involves Privi Speciality Chemicals Limited and its merger with Privi Fine Sciences Private Limited and Privi Biotechnologies Private Limited.The update addresses the initial board approval given by the company’s directors for the proposed amalgamation scheme, which occurred following a previous intimation on December 19, 2025.Privi Speciality Chemicals Limited announced that the company has received an observation letter with no objection from the National Stock Exchange of India Limited. This observation...

Bank of Baroda to Act as Sponsor of Pension Fund After Receiving PFRDA Appointment Bank of Baroda has been appointed by the Pension Fund Regulatory and Development Authority (PFRDA) to serve as a Sponsor of a Pension Fund. The Bank received the Letter of Appointment from the regulatory body under the PFRDA (Registration of Pension Funds) Guidelines, 2026.Following this key development, Bank of Baroda plans to establish a dedicated Pension Fund Management Company. This initiative is subject to receiving other necessary regulatory approvals.The Bank stated that it will issue further disclosures to the market as and when any material developments occur concerning this undertaking.BANKBARODA Stock Price Movement Shares of Bank of...

Arvind Fashions Posts Strong FY26 Results, Reports 14% Revenue Growth and 13.4% EBITDA Margin Arvind Fashions Limited, India's prominent casual and denim retailer, has announced its audited financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company reported robust growth across key metrics, driven by strong performance in direct channels and superior retail execution.The company delivered significant revenue growth of 14% for the fiscal year, reaching Rs. 5,266 Crores, compared to Rs. 4,620 Crores in FY25. EBITDA grew by 17%, totaling Rs. 705 Crores, leading to an expanded EBITDA margin of 13.4%, marking a 40 basis point improvement. Profit After Tax (PAT) for the year stood at 124 Crores, a...

Garware Hi-Tech Films Announces Record Financial Year 2026 Revenue and Profitability, Approving Rs 191 Crore Capex Garware Hi-Tech Films Limited (GHFL), a leading manufacturer of Sun Control Films, Paint Protection Films, and other Specialty Films, has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported robust top-line performance and significant profitability growth, confirming its strong operational momentum.The company announced a total comprehensive income of Rs 312.25 Crore for the year ended March 31, 2026, marking a 39.1% year-on-year increase. The consolidated revenue from operations stood at Rs 2,120 Crore, representing a 0.5% change year-over-year, demonstrating...

Enviro Infra Engineers Wins Arbitral Award in Key CETP Litigation Against HSIIDC Enviro Infra Engineers Limited (EIEL) has been awarded an arbitral award totaling approximately ₹ 8.65 crore, including interest and litigation costs. The award settles two arbitration cases initiated in 2022 against the Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC).The dispute involved the recovery of dues pertaining to two major Common Effluent Treatment Plant (CETP) projects executed in the state of Haryana. The arbitration proceedings were adjudicated under the Delhi International Arbitration Centre (DIAC).The projects at the heart of the litigation included:1. Construction, commissioning, and operation &...

Raymond Realty Approves FY26 Results, Recommends 20% Dividend Following Strong Q4 Performance Raymond Realty Limited announced the approval of its Audited Financial Results for the fiscal year ended March 31, 2026, and recommended a dividend payment during a Board of Directors meeting held on May 5, 2026. The company also released unaudited financial results for the quarter ended March 31, 2026, highlighting significant growth in booking value and total income.The Board of Directors reviewed the financials and recommended a dividend of 20% on the equity share capital, equating to Rs. 2/- (Rupees Two Only) per equity share of the face value of Rs. 10 (Rupees Ten Only) each, for the financial year ended March 31, 2026. This dividend...

Mphasis Limited Ordered to Pay Penalty of Rs. 1,941,007 by Tax Authority Mphasis Limited reported receiving an order from the Office of the Joint Commissioner of Commercial Taxes (Appeals-5), Koramangala, Bengaluru, imposing a penalty on the company.The penalty was issued by the Joint Commissioner of Commercial Taxes (Appeals-5) under Section 73(9) of the Karnataka Goods and Services Tax Act, 2017. The order, received on May 5, 2026, pertains to several compliance issues.The authorities determined the penalty following violations related to the late reversal of input tax credit under Rule 42 of the Central Goods and Services Tax Act, 2017, the non-submission of a special economic zone endorsement, and the determination of place of...

Smruthi Organics Ltd to Hold Board Meeting to Approve Financial Results and Recommend Dividend Smruthi Organics Ltd has scheduled a Board of Directors meeting for Wednesday, May 13, 2026. The meeting is set to address key financial outcomes for the company.During the meeting, the board will approve and take on record the Audited Financial Results of Smruthi Organics Ltd. These results pertain to the quarter and the financial year ended March 31, 2026, and are prepared under Indian Accounting Standards (Ind AS).In addition to reviewing the audited financials, the company's board is also scheduled to recommend a dividend, if any, on the equity shares for the financial year ending March 31, 2026.The company also provided details...

United Textiles Ltd. to Hold Board Meeting to Review Financial Results for Year Ended March 31, 2026 United Textiles Ltd. has scheduled a meeting of its Board of Directors to consider and take on record the audited financial results for the Quarter/Year Ended March 31, 2026.The Board Meeting is set to take place on Friday, May 29, 2026, at 3:00 PM. The meeting will be held at the Registered Office of the Company.In addition to the review of financial performance, the company also announced that, in adherence to its Code of Conduct for Prevention of Insider Trading, the trading window for dealing with the securities of United Textiles Ltd. will remain closed. The closure period begins on March 31, 2026, and will extend until 48 hours...

Interise Trust's Igatpuri Highway Project Concession Period Concludes Interise Trust has announced that the concession period for one of its Special Purpose Vehicles (SPV) has concluded. The concession period for the Igatpuri Highway Private Limited, the Project SPV, officially ended on May 6, 2026.The conclusion of the concession period was reached following the concession agreement signed between the Project SPV and the National Highways Authority of India (NHAI).According to the intimation, the Project SPV is slated to hand over the project to NHAI in due course, strictly in accordance with the terms outlined in the original concession agreement.The project in question is a 4-lane road situated in the State of Maharashtra. It...

Seasons Textiles to Hold Board Meeting to Approve Financial Results for March 31, 2026 Seasons Textiles Limited announced that its Board of Directors will convene a meeting on Friday, May 29, 2026. The primary purpose of the meeting is to consider and approve the audited Standalone Financial Results for the company, covering both the full year and the quarter ending March 31, 2026.In addition to the board meeting announcement, the company also provided an update regarding the trading window for its securities. The trading window for all Designated Persons will remain closed from Tuesday, April 1, 2026. This closure period extends until 48 hours after the formal approval and declaration of the Audited Financial Results for the Quarter...