Markets

India Power Corporation Limited Completes Transition Following CBO Resignation During CIRP India Power Corporation Limited, formerly DPSC Limited, confirmed the resignation of its Chief Business Officer, Pramod Singh, while the company remains under the Corporate Insolvency Resolution Process (CIRP).The company is currently undergoing proceedings under the Insolvency and Bankruptcy Code, 2016. The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, admitted an application under Section 7 of the IBC on May 15, 2026, thereby commencing the Corporate Insolvency Resolution Process (CIRP). Due to this proceeding, the powers of the Board of Directors of the Company stand suspended.The Interim Resolution Professional of the...

MMTC Limited Announces Financial Results for the Year Ended March 31, 2026 MMTC Limited has released its financial results for the year ended March 31, 2026. The reporting contained specific findings and a Qualified Opinion from the independent auditor regarding key outstanding liabilities and the Group's future operational status.Auditor's Findings and Material Issues The auditor issued a Qualified Opinion on both the Standalone and Consolidated Annual Financial Results. The Basis for Qualified Opinion centered on the handling of the Anglo Coal case and the related provision.In the Anglo Coal matter, an amount of Rs. 1088.62 crore, comprising Rs. 1087.76 crore deposited with the court and Rs. 0.86 crore attached from the company's...

Super Tannery Limited Announces Audited Financial Results and Recommends Final Dividend Super Tannery Limited has announced the approval of its Standalone and Consolidated Audited Financial Results for the quarter and full year ended March 31, 2026. Following the Board of Directors meeting held on May 30, 2026, the company also recommended a final dividend for the financial year 2025-26.The Board of Directors, having received recommendations from the Audit Committee, approved the audited financial results for both the quarter and the full year ending March 31, 2026. The company also recommended a final dividend of Rs. 0.05 per share (representing 5% on the face value of Re. 1 each) for the financial year 2025-26.Financial Highlights...

Disa India Ltd. to Commence Commercial Production at New Tumkur Facility Disa India Ltd. has announced that it will begin commercial production at its new manufacturing facility located in Tumkur, Karnataka, starting June 1, 2026. The expansion is intended to enhance the company's operational capacity and manufacturing capabilities, supporting its future growth plans.The company specializes in the manufacturing and supply of complete foundry systems. Its product line includes moulding machines, sand mixers, sand plant equipment, surface preparation machines, and environmental control systems, serving customers nationwide. While Disa India Ltd. currently operates a manufacturing facility in Tumkur, the expansion marks a significant...

3C IT Solutions and Telecoms Updates Addresses of Support Offices in Four Key Locations The Board of Directors of 3C IT Solutions and Telecoms (India) Limited has approved updated addresses for several of the company's support offices. The changes are intended to facilitate the company's operational requirements and business activities across different regions.These approvals were taken during a Board meeting held on May 30, 2026. The company, which was previously known as 3C IT Solutions and Telecoms (India) Private Limited, confirmed that there is no change in the nature of business conducted from these newly designated office locations.The updated addresses for the support offices are as follows:CityUpdated Address...

Krishca Strapping Solutions Approves 2026 Financial Results and Appoints New Cost Auditor Krishca Strapping Solutions Limited held a Board of Directors meeting on May 30, 2026. During the meeting, the Board approved and considered the audited financial statements and results for the financial year ended March 31, 2026, alongside the appointment of a new Cost Auditor for the upcoming financial year.The company also reviewed the utilization of proceeds from the Preferential Issue of Convertible Warrants for the quarter and year ended March 31, 2026, noting that there was no deviation or variation in the use of public issue proceeds.Financial Reporting and Governance Updates The Board meeting included the approval of several key...

Shreeoswal Seeds And Chemicals Reports Audited Financial Results for FY 2025-2026 Shreeoswal Seeds And Chemicals Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026, along with the corresponding figures for the quarter ended March 31, 2026. The financial data includes performance details for both standalone operations and the consolidated group results.Consolidated Financial Performance Summary The financial statements reveal key performance metrics for the Group. For the year ended March 31, 2026, the total income reached 24,859.94 Lacs. Total expenses for the same period were recorded at 23,899.29 Lacs.The results indicate the following key financial metrics...

M.V.K. Agro Food Product Limited Approves Rights Issue, Board Appointments, and FY 2026 Financial Results M.V.K. Agro Food Product Limited announced several key corporate decisions following a Board meeting held on May 30, 2026. The Board reviewed and approved the audited financial results for the quarter and year ended March 31, 2026.The company also approved strategic enhancements to its governance structure, including the appointment of a new Independent Director, a Company Secretary, and the internal auditors. Furthermore, the Board sanctioned a rights issue of equity shares aimed at raising funds, alongside approving an increase in the Chief Financial Officer's compensation.Financial Results for FY 2026 Approved The Board of...

Vaswani Industries Limited Approves FY Results and Plans Rs 9.87 Crore Preferential Fund Raise Vaswani Industries Limited (VIL) announced that its Board of Directors held a meeting on May 30, 2026, approving its audited standalone financial results for the quarter and the full financial year ending March 31, 2026. Furthermore, the board greenlit a significant capital infusion through a preferential allotment of equity shares.The company confirmed that its statutory auditors, M/s Amitabh Agrawal & Co., issued an unmodified opinion on the standalone and consolidated financial results for the fiscal year ending March 31, 2026.Approval of Financial Results The board meeting approved the standalone financial results and statements for...

Sadbhav Engineering Announces Audited Financial Results and Key Appointments Sadbhav Engineering Limited announced the adoption of its standalone and consolidated Audited Financial Results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 30, 2026. The company also announced key leadership appointments, including a new Chief Financial Officer (CFO) and Company Secretary (CS).The company’s financial performance and significant operational updates were presented alongside the results.Financial Highlights The consolidated audited financial results show the Group reporting total income of 24,006.99 lakhs for the quarter ended March 31, 2026, compared to 27,555.38 lakhs for the quarter...

Polysil Irrigation Systems Approves FY2026 Financial Results Following Board Meeting Polysil Irrigation Systems Limited has announced the approval of its audited financial results for the year and half-year ended March 31, 2026. The Board of Directors held a meeting on May 30, 2026, where the company reviewed and approved its financial statements.The company's standalone quarterly financial results and the year to date results for the period from April 01, 2025, to March 31, 2026, received an Audit Report with an Unmodified Opinion. This confirms the standalone financial results comply with the applicable accounting standards.The company noted that it adopted Indian Accounting Standard (Ind AS) with effect from April 01, 2025...

Ahlada Engineers Limited Announces Financial Results for March 2026 and Key Board Appointments Ahlada Engineers Limited reported its audited financial results for the quarter and year ended March 31, 2026, following the Board of Directors meeting held on May 30, 2026. The Board considered and approved the audited financial results, along with the Statement of Assets and Liabilities and the Cash Flow Statement for the year ended March 31, 2026.The Company confirmed that its Statutory Auditors, M/s. Kishore & Venkat Associates, Chartered Accountants, issued an Unmodified opinion on the Audit Report on the Financial Statements for the year ended March 31, 2026.Operational and Governance Updates During the Board meeting, the Company...

Innovative Tyres & Tubes Limited Receives Qualified Opinion from Auditors Over Financial Results Innovative Tyres & Tubes Limited has received a Qualified Opinion from its independent auditors regarding its financial results for the year ended March 31, 2026. The audit highlights several significant areas of non-compliance and material discrepancies that necessitate attention from the company's management.The auditors confirmed that, with the exception of the issues detailed in the Basis for Qualified Opinion section, the Statement gives a true and fair view of the net loss and other financial information for the year. However, the qualified opinion was issued due to outstanding issues related to receivables, delayed payments to small...

Lexus Granito Announces Board Approvals and Financial Results for Year Ended March 31, 2026 Lexus Granito (India) Limited announced the outcome of its Board Meeting held on May 30, 2026. During the meeting, the company approved the audited financial results for the quarter and the year ended March 31, 2026. The Board also appointed M/s. Savjani & Associates, a Chartered Accountancy firm in Ahmedabad, as the Internal Auditor for the Financial Year 2026-27.The company also reported the statement of deviations and variations regarding the proceeds of the Preferential Issue of Convertible Warrants for the quarter and year ended March 31, 2026.Financial Highlights for the Year Ended March 31, 2026 The company reported robust revenue...

Kothari Industrial Corporation Ltd Board Approves Diversification into Found and Non-ferrous Metals Kothari Industrial Corporation Ltd has approved a significant expansion of its business activities into the found and non-ferrous metals sector. This strategic move marks a major diversification for the corporation.The company's Board of Directors sanctioned the expansion into the found and non-ferrous metals business. The scope of the new operations will encompass trading, manufacturing, bottling, export, distribution, and various other allied activities.The Board determined that this diversification aims to leverage various benefits.Key details regarding the new venture include:DetailDescriptionNew Line of BusinessFound and...

Amba Auto Sales and Services Reports Standalone Financial Results for March 31, 2026 Amba Auto Sales and Services Limited, formerly known as Amba Auto Sales and Services Private Limited, released its standalone financial results for the half year and year ended March 31, 2026. The company reported total assets of 10,500.33 Rs. Lakhs and achieved a profit for the period of 1.403.22 Rs. Lakhs.Financial Position Highlights The Balance Sheet data for Amba Auto Sales and Services Limited shows a significant growth in the company's overall financial standing compared to the previous year.Balance Sheet Summary (Amounts in Rs. Lakhs)ParticularsAs at March 31, 2026As at March 31, 2025Total Equity & Liabilities10,500.339,111.74Total...

Arunaya Organics Announces Financial Results for Half and Year Ended March 31, 2026; Board Approves Committee Changes Arunaya Organics Limited announced its audited financial results for the half and year ended March 31, 2026, following a meeting of its Board of Directors held on May 30, 2026. The Board approved the results and also addressed key governance matters, including the reconstitution of its Stakeholder Relationship Committee and the appointment of a Secretarial Auditor.During the audit of the financial results, the appointed auditors, Abhishek Kumar & Associates, issued a report noting that certain payments for import transactions and receivables from export transactions have remained unpaid for a period exceeding six...

Tenneco Clean Air India Limited Reports Financial Metrics for FY 2026 Tenneco Clean Air India Limited, formerly Tenneco Clean Air India Private Limited, has released key performance indicators (KPIs) detailing its financial and operational standing for the financial year ended March 31, 2026.The company’s financial metrics show growth across several key areas. Revenue from operations stood at ₹ 54,039.76 million, representing a Revenue Growth of 10.50%. Furthermore, the Value added Revenue (VAR) reached ₹ 49,180.36 million, recording a VAR Growth of 12.28%.EBITDA for the period was reported at ₹ 9,254.67 million, reflecting a robust EBITDA Growth of 13.52%. Profit after tax (PAT) was ₹ 6,043.59 million, marking a PAT Growth of...

R M Drip and Sprinklers Systems Announces FY 2026 Results; Recommends 3% Dividend R M Drip and Sprinklers Systems Limited announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results were approved at the Board of Directors meeting held on May 30, 2026.During the board meeting, the company also recommended a dividend of 3% for the Financial Year 2025-26, pending approval from shareholders at the ensuing Annual General Meeting (AGM). Furthermore, the Board re-appointed M/s SHARPS & CO., Chartered Accountants, as the Internal Auditor for the financial year 2025-26.The company also received an unmodified opinion from the Statutory Auditors, M/s Bilimoria Mehta &...

Cambridge Technology Enterprises Addresses NSE Fine Over Delayed Shareholding Pattern Submission Cambridge Technology Enterprises Limited confirmed that its Board of Directors has taken note of a fine levied by the National Stock Exchange of India Limited (NSE). The financial penalty resulted from the company's delayed submission of its Shareholding Pattern for the quarter ending December 31, 2025.The Board meeting, held on May 30, 2026, addressed a notice received from the National Stock Exchange of India Limited (NSE) bearing reference number NSE/LIST-SOP/FINES/0155, dated February 13, 2026. The notice indicated non-compliance related to the timely filing of the specified shareholding data.Fine Details and Non-Compliance The...