Markets

PNC Infratech Secures Rs 194.40 Crore Contract for Lucknow Flyover Construction PNC Infratech Limited has announced the receipt of a Letter of Acceptance (LOA) from the Lucknow Development Authority, Uttar Pradesh. The contract pertains to the construction of a 4 Lane Flyover with 2 loops and 2 ramps at the Shaheed Path Intersection, on the RHS bank of the Gomti River in Lucknow.The LOA, dated May 27, 2026, awards the company a substantial contract valued at Rs 194.40 Crore (Rupees One Hundred Ninety Four Crore and Forty Lakhs only), exclusive of GST. PNC Infratech received the LOA on June 1, 2026.The contract mandates the execution of the project on an Engineering, Procurement and Construction (EPC) basis. The projected timeline...

AIONOS and Black Box Form Strategic Alliance to Scale AI-Led Infrastructure Black Box Limited, a global digital infrastructure integrator, and AIONOS, an AI-native enterprise technology company, have announced a strategic alliance aimed at accelerating AI transformation for enterprises. The partnership is designed to guide organizations through the entire journey, from core infrastructure build-out to achieving measurable business outcomes using applied AI.The alliance combines Black Box’s deep expertise in digital infrastructure—including data centers, network connectivity, modern workplace solutions, and managed services—with AIONOS’s applied AI platforms and domain-led solutions. This synergy enables organizations to build, deploy...

Tata Elxsi to Hold 37th Annual General Meeting; Dividend Details Announced Tata Elxsi Limited has announced the details for its Thirty-Seventh (37th) Annual General Meeting (AGM) and the record date for determining dividend entitlement for the financial year ended March 31, 2026.The company's 37th AGM is scheduled to take place on Wednesday, June 24, 2026. Members will be able to attend the meeting via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The Board of Directors, at a meeting held on April 21, 2026, recommended a dividend of Rs. 75/- per equity share. This dividend proposal, subject to approval by the members at the AGM, carries a significant yield of 750% against the share's face value of Rs. 10 each.Key...

Saroj Kumar Choudhury Launches Open Offer for Oxford Industries Ltd, Targeting 26% Stake Mr. Saroj Kumar Choudhury has initiated an open offer to acquire a significant stake in Oxford Industries Limited (OIL). The offer aims to acquire up to 15,45,271 Equity shares, representing 26.00% of the Target Company's fully paid-up equity and voting share capital, at a fixed price of Rs. 5/- (Rupees Five Only) per share. The open offer period is scheduled to open on Friday, June 12, 2026, and close on Thursday, June 25, 2026.The transaction follows an initial agreement for substantial acquisition through a Share Purchase Agreement (SPA).Details of the Initial Share Purchase Agreement The open offer is necessitated by Mr. Choudhury's intended...

Delta Autocorp Limited Announces Financial Results for H2 FY26 and FY26, Highlighting EV Growth Delta Autocorp Limited, an emerging player in India's electric mobility segment, has announced its Audited Financial Results for the half year (H2 FY26) and the full year (FY26) ended March 31, 2026.The broader electric mobility ecosystem in India continues to evolve, driven by increased adoption of clean transportation solutions and growing acceptance of electric vehicles across personal and commercial sectors. Against this backdrop, Delta Autocorp continued to strengthen its operational capabilities, product portfolio, and market presence throughout FY26.The company focused on disciplined execution, continued profitability, product...

Silky Overseas Limited Board Approves Availing WCTL from Bank of Baroda Silky Overseas Limited announced that its Board of Directors approved the continuation of availing Working Capital Term Loan (WCTL) funding. The decision was taken during a Board meeting held on June 01, 2026.The Board considered and approved the facility amounting to ₹4,69,00,000/- (Rupees Four Crores and Sixty Nine Lakhs Only). The funding is available under BGECLS 5.0 from Bank of Baroda, SME Branch, New Delhi, and is subject to the terms outlined in the bank's sanction letter.The meeting of the Board of Directors commenced at 03:00 P.M. and concluded at 03:30 P.M., during which time the financing approval was among the key items considered and sanctioned...

Dhampur Bio Organics Announces Resignation of Vice President Bottling Operations Dhampur Bio Organics Limited has announced the resignation of Mr. Rakesh Agarwal from his position as Vice President Bottling Operations. Mr. Agarwal submitted his resignation on May 31, 2026, citing personal reasons for his departure.The change in senior management personnel was effective from the close of business hours on May 31, 2026.The key details regarding Mr. Agarwal's resignation are summarized below:ParticularsDetailsReason for ChangeResignationEffective Date of CessationClose of business hours of May 31, 2026PositionVice President Bottling OperationsMr. Agarwal confirmed his resignation in a letter addressed to the Managing...

Hindustan Organic Chemicals Ltd Extends Phenol Plant Shutdown in Kochi for Major Maintenance Hindustan Organic Chemicals Ltd (HOCL) has announced the extension of the temporary shutdown of its Phenol Plant located in Kochi, Kerala. The closure, which initially commenced on May 23, 2026, will continue until further intimation.The extended operational shutdown is required to facilitate essential industrial activities and maintenance. Specifically, the company stated that the downtime is necessary to conduct statutory testing of the BPCL LPG supply cross-country pipeline and to undertake crucial shutdown-related maintenance activities across various equipment and pipelines.During this extended period, the Hydrogen Peroxide Plant at the...

Ricardo Elevators Targets 40 Touchpoints by 2026, Accelerating Pan-India and Global Expansion Ricardo Elevators, the home elevator brand associated with L.T. Elevator Limited, is significantly accelerating its physical and international footprint. The company has set an ambitious target of achieving 40 customer touchpoints by December 2026, solidifying its position as a leading home elevator provider across India and global markets.The rapid scaling includes opening new Experience Centres in high-growth Indian markets and securing major regulatory clearances and market entry points in Oceania, the Middle East, and Southeast Asia.Expanding Operational Footprint in India The brand is building a comprehensive omni-channel home elevator...

Shree Refrigerations Limited to Launch Advanced Facility to Boost Defence HVAC&R Capabilities Shree Refrigerations Limited (SRL), a prominent Indian manufacturer of advanced refrigeration and HVAC systems focusing on the defence sector, is set to launch a new manufacturing facility in Karad, Satara district, Maharashtra. The inauguration of the state-of-the-art unit is scheduled for June 20, 2026.The new facility represents a significant expansion of SRL’s manufacturing footprint, adding 50,000 square feet to the company’s operations. Developed across 6 acres, the unit is equipped with advanced machinery and complete backward integration capabilities. It features specialized installations including robotic welding, laser cutting...

Deem Roll Tech Reports Financial Results for FY2026, Plans Major Expansion in Steel Rolls Manufacturing Deem Roll Tech Limited announced its audited financial results for the year and half year ended on March 31, 2026. The company, a leading manufacturer of steel and alloy rolls, reported key shifts in profitability alongside stable revenue streams, announcing plans for a major expansion initiative.Financial Performance Snapshot The financial summary for the full year and the half-year period provides a comparative view of the company's performance against FY2025 figures. (All figures are in Lakhs unless otherwise specified).Full Year Comparison (FY2026 vs FY2025)ParticularsFY2026FY2025YoY GrowthRevenue from...

Tanvi Foods Approves FY2026 Results with Unmodified Audit Opinion Tanvi Foods (India) Ltd. announced the approval of its audited financial results for the half-year and full year ended March 31, 2026. The Company's Board of Directors reviewed and approved the audited standalone and consolidated financial results, receiving an unqualified opinion from the statutory auditors for the period.The financial statements provide significant comparisons year-on-year for key metrics, covering the half-year and the full financial year ending March 31, 2026.Financial Highlights and Comparative Data The consolidated financial results show the following performance indicators for the period ended March 31, 2026:MetricCurrent Half YearPrevious...

Happy Square Outsourcing Services Limited Wins Extension Work Order from Power Grid Corporation of India Happy Square Outsourcing Services Limited, operating the White Force premium brand, announced that it has been awarded an extension on a work order for manpower supply services. The extension was secured on June 1, 2026. The order was received from Power Grid Corporation of India Limited.The company reported that the order represents a substantial business opportunity, as the original tenders for these services were awarded to the firm in April 2023.The details of the contract award are outlined below:DetailInformationEntity Awarding OrderPower Grid Corporation of India LimitedOrder NatureManpower Supply Services...

Tata Motors Passenger Vehicles Ltd. Posts 59,790 Units in May 2026 Sales Amid Strong Market Momentum Mumbai, June 1, 2026: Tata Motors Passenger Vehicles Ltd. announced that its total sales for the domestic and international markets in May 2026 reached 59,790 units. This figure marks a substantial increase compared to the 42,040 units recorded during May 2025.The company reported significant growth across its key business segments. The performance highlights robust momentum in both domestic passenger vehicle sales and electric vehicle (EV) segments.The sales performance for May 2026 compared to May 2025 is detailed in the following table:Business Units/SegmentsMay '26May '25Growth/DeclinePV Domestic59,09041,55742%PV...

Prudential Sugar, Raasi Refractories, and Peers Release Audited Financial Results for FY2026 Several companies, including Prudential Sugar Corporation Limited, Raasi Refractories Limited, and Astal Laboratories Limited, have released audited financial results for the quarter and year ended March 31, 2026, providing investors with a detailed view of their recent performance.Raasi Refractories Limited Reports Financial Results Raasi Refractories Limited released an extract of its audited standalone financial results for the period ended March 31, 2026. The figures, presented in Rs. in Lakhs, highlight the company's performance across various reporting periods.The financial highlights are as follows:Particulars31.03.2026...

Gabion Technologies Receives Multiple Domestic Orders Valued at INR 12.6 Crores in May 2026 Gabion Technologies India Ltd. announced on June 01, 2026, that it received multiple routine work and supply orders during the period spanning May 17, 2026, to May 30, 2026. The orders are for domestic markets and relate to the supply of Gabion Boxes, Mesh Products, Geosynthetics, and Slope Protection Works.The company reported an aggregate order value of approximately INR 12,60,53,567.70 (Rupees Twelve Crore Sixty Lakh Fifty-Three Thousand Five Hundred Sixty-Seven and Paise Seventy Only), inclusive of applicable GST. Management noted that these orders are routine in nature and were received in the normal course of business, without resulting...

Saroj Kumar Choudhury Launches Open Offer for Oxford Industries Ltd Shares An open offer has been announced for Oxford Industries Ltd ('OIL' or 'Target Company'), initiated by Saroj Kumar Choudhury ('the Acquirer').Under the terms of the open offer, the Acquirer seeks to acquire up to 15,45,271 equity shares of Oxford Industries Ltd. Each share has a face value of Rs. 10/-. The acquisition is being offered at a price of Rs. 5/- per fully paid-up Equity Share.This proposed acquisition represents 26.00% of the fully paid up and voting share capital of Oxford Industries Ltd.The details regarding the open offer were published on June 1, 2026. The announcement appeared in major Indian dailies, including Financial Express (English...

Hindustan Adhesives Ltd Seeks Extension for Audited Financial Results for FY 2025-26 Hindustan Adhesives Limited announced on June 1, 2026, a delay in the submission of its Audited Standalone and Consolidated Financial Results for the quarter and full financial year ended March 31, 2026. The company formally requested an extension for the filing of the results.The company cited ongoing work related to the finalization and closure of its books of accounts for the financial year ended March 31, 2026, as the primary reason for the delay. Consequently, the statutory audit of the Standalone and Consolidated Financial Statements could not be completed within the required timeframe.Hindustan Adhesives Limited confirmed that both the...

Rajasthan Tube Manufacturing Reports Quarterly and Year-to-Date Financial Results for FY 2026 Rajasthan Tube Manufacturing Company Ltd. has released its audited financial results for the quarter and year ended March 31, 2026. The company provided detailed statements of assets and liabilities, along with key financial performance indicators for the reporting period.The independent auditors confirmed their opinion that the quarterly and year-to-date financial results give a true and fair view in conformity with applicable accounting standards for the period ended March 31, 2026.Statement of Assets and Liabilities The company reported significant changes in its financial position when comparing the year ended March 31, 2026, with the...

Rajasthan Tube Manufacturing Reports Financial Results for Quarter Ending March 31, 2026 Rajasthan Tube Manufacturing Company Limited announced its financial results for the quarter and year ended March 31, 2026. The company presented detailed statements covering assets and liabilities, quarterly financial results, and cash flow statements, reflecting operational data for the period and comparison figures for the previous fiscal year.The Company provided comparative statements of assets and liabilities, showcasing changes in its financial structure.Statement of Assets and Liabilities (As at 31st March) The financial position details, presented in Rupees in Lacs, highlight the following key movements:ParticularsAs at 31st March...