Markets

WEP Solutions Ltd Appoints Dr. Gaurav Nigam as Chief Operating Officer WEP Solutions Ltd has announced the appointment of Dr. Gaurav Nigam as its Chief Operating Officer (COO), effective June 1, 2026. The appointment adds Dr. Nigam to the company’s senior management personnel.Dr. Gaurav Nigam brings over 25 years of experience to the role, specializing in critical technology areas including Cloud, IT Infrastructure Management, DevOps, and Site Reliability Engineering (SRE). His professional background highlights strong expertise in large-scale IT service delivery and AI-driven automation.Throughout his career, Dr. Nigam has led global teams comprising over 500 professionals. He has also managed a Profit and Loss (P&L) exceeding USD...

Setco Automotive Announces Delay in Submission of FY2026 Financial Results Setco Automotive Ltd has reported a delay in the submission of its Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.The company stated that the delay was necessitated by the additional time required for the thorough finalization and review of the financial statements. These procedures included the completion of comprehensive audit and limited review procedures, along with the incorporation of certain financial adjustments. The adjustments are necessary to ensure absolute accuracy and adherence to applicable accounting standards.Setco Automotive Ltd confirmed that it has taken all necessary steps to complete the...

Travels & Rentals Ltd Reports Delay in Filing Financial Results for FY 2026 Travels & Rentals Ltd, previously known as Travels & Rentals Private Limited, has reported an unavoidable delay in finalizing and submitting its financial results for the financial year ended March 31, 2026. The company stated that the preparation and audit of the results are still ongoing, necessitating a postponement of key corporate proceedings.Due to the complexity of finalizing the financial reporting, the Board meeting scheduled to approve the 'Financial Results for the financial year ended March 31, 2026,' has been postponed until further notice.In addition to the delay in filing the results, the company announced an operational directive concerning...

Acquirers Launch Open Offer for Shantai Industries Limited Shares Five private entities, including Radhe Dhokla Private Limited, are undertaking an Open Offer for the public equity shares of Shantai Industries Limited. The offer is set to acquire up to 19,20,000 fully paid-up Equity Shares, representing 25.60% of the company's voting share capital.The Acquirers are Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai.The acquisition is structured as follows:DetailFigure/DescriptionTarget CompanyShantai Industries LimitedTotal Shares Offered19,20,000 Equity SharesFace Value per Share₹ 2/- (Rupees Two only)Offer Price per Share₹...

Atul Auto Ltd Reports May 2026 Sales Update for Three Wheeler Vehicles Atul Auto Ltd released its sales performance figures for the three-wheeler vehicles segment for May 2026, detailing both domestic and combined domestic plus export sales.The sales data highlights the performance of the IC Engine segment versus the Electric Vehicle (EV) segment across different reporting periods.Domestic Sales Performance For the domestic market, the sales figures indicate significant growth for both the IC Engine and total three-wheeler categories.ParticularsFor the MonthFor the MonthChange (%)YTD (FY 26-27)YTD (FY 25-26)Change (%)3W - IC Engine2,3511,79331.12%4,1422,69553.69%EV496564-12.06%1,1831,0898.63%...

Dr. Agarwal's Eye Hospital to Amalgamate into Dr. Agarwal's Health Care Limited Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL) are proceeding with a Scheme of Amalgamation, where AEHL will merge into AHCL. The arrangement aims to create a stronger, unified entity capable of generating significant operational and financial synergies.The meeting of the Secured Creditors of AEHL has been scheduled to consider and, if deemed appropriate, approve the amalgamation scheme. This meeting is slated for Thursday, July 02, 2026, at 10:30 A.M. IST, at The Music Academy, T.T.K. Road, Chennai - 600 014.Amalgamation Scheme Details The Scheme proposes the amalgamation of AEHL (the Transferor Company) with AHCL...

Signpost India Announces FY2026 Results, Recommends 25% Dividend; Appoints New Chief Business Officer Signpost India Ltd announced the outcomes of its Board of Directors meeting held on May 30, 2026. The Board approved the final dividend recommendation for the financial year ended March 31, 2026, and also announced the appointment of a new senior management personnel.The Board recommended a final dividend of 25% for the financial year ending March 31, 2026. This dividend is equivalent to Rs. 0.50 per equity share of Rs. 2 each, and its payment is subject to the approval of the shareholders at the Annual General Meeting.Key Appointments and Management Updates The Board of Directors also formalized the appointment of Mr. Syed Haseeb...

Bank of Maharashtra Declares Final Dividend of Rs. 1.20 Per Share for FY 2025-26 Bank of Maharashtra announced the declaration of a final dividend for the financial year 2025-26. The Bank's Board of Directors, in a meeting held on April 20, 2026, considered a final dividend of 12% on the Bank’s equity shares.The final dividend amount stands at Rs. 1.20 per share, corresponding to a face value of Rs. 10 per share. This dividend is intended for the Financial Year 2025-26 and, if approved by shareholders at the Annual General Meeting (AGM), will be paid in addition to the previously declared interim dividend.The total dividend structure incorporates the interim dividend of Rs. 1.00 per equity share (10%), which was declared on January...

Tapi Fruit Processing Limited Executes Term Loan Agreement with Indian Bank Tapi Fruit Processing Limited announced the execution of a term loan agreement with Indian Bank, finalizing a financing facility under the 'IND ECLGS 5.0' scheme. The agreement was formalized on June 1, 2026.The facility provides Tapi Fruit Processing Limited with a total loan size of 59.86 Lakh. The terms established under the agreement include an annual rate of interest set at 8.70%, with a tenure of 48 Months following a 12 Month moratorium period.The loan is structured between Tapi Fruit Processing Limited, which acts as the Borrower, and Indian Bank, the Lender.Loan Details and Security The financing arrangement is secured by multiple assets...

Karnimata Cold Storage Approves FY 2026 Results and Appoints Statutory Auditors Karnimata Cold Storage Limited announced that its Board of Directors considered and approved the audited financial results for the Financial Year and Half Year ended March 31, 2026. Additionally, the Board approved the appointment of professional auditors for the fiscal year 2026-27.The Board Meeting, held on May 28, 2026, took place at the company's registered office. During the meeting, directors approved the audited financial results for the period ending March 31, 2026, and confirmed that the audit report provided an unmodified opinion for the financial year ended March 31, 2026.Regarding governance, the Board also approved the following professional...

Sadhav Shipping Places Order for Four High-Speed Composite Pilot and Security Boats Mumbai, June 01, 2026: Sadhav Shipping Limited, an integrated maritime services company, has announced the placement of a firm order for four new FRP composite pilot and security boats. The vessels will be built by A.H. Wadia Boat Builders, marking a significant milestone in Sadhav Shipping's expansion into the port services segment, following the company’s recent contract win for pilot and security boat operations at a major Indian port.The new boats are designed for critical pilotage and maritime security operations. Each vessel will measure 18 metres in length and is engineered to deliver speeds exceeding 20 knots. These specifications are intended...

Repono Ltd Announces FY 2025-26 Results and Board Committee Updates Repono Ltd, formerly known as Repono Private Limited, announced the outcomes of its Board of Directors meeting held on May 23, 2026. The board considered and approved key operational matters alongside the release of audited financial results for the half year and the full year ended March 31, 2026.Corporate Governance and Appointments At the board meeting, several key appointments and re-appointments were finalized:Director Re-appointment: Mr. Sivaraman Gopalakrishnan (DIN: 01058905), a director liable to retire by rotation, offered himself for re-appointment, subject to shareholder approval at the ensuing Annual General Meeting (AGM). Internal Auditor: M/s. SDA &...

Repono Limited Announces Audited Financial Results for FY 2025-26 Repono Limited, formerly known as Repono Private Limited, has released its audited financial results for the half year and the full financial year ended March 31, 2026. The company’s Board of Directors approved the financials during a meeting held on May 23, 2026. The auditor's report provided an unmodified opinion on both the standalone and consolidated financial results.The consolidated results present a summary of the Group's performance, including the Holding Company and its subsidiary, Repono Terminal Private Limited.Key Financial Highlights (Consolidated) The company’s Standalone and Consolidated Statements of Profit and Loss for the year ended March 31, 2026...

Sadhana Nitrochem Limited Allots Equity Shares on Preferential Basis at ₹ 2.06 Per Share Sadhana Nitrochem Limited announced the issue and allotment of Equity Shares to investors on a preferential basis, effective June 1, 2026. The company plans to allot 6,75,00,000 Equity Shares, each having a face value of Re. 1.The pricing mechanism for the preferential allotment was determined following a valuation discovery process conducted in consultation with the National Stock Exchange of India Limited.The company confirmed that the issue/allotment price of the equity share remains at ₹ 2.06 per equity share, which is higher than the floor price calculated for the transaction.Pricing Basis Details The determination of the floor price and...

Tarmat, Mercury, and Unicorn Corp Report Quarterly and Half-Yearly Financial Results Indian companies continued to release audited and unaudited financial results, with major firms reporting performance data for the period ending March 31, 2026. Financial results were available for multiple sectors, including pharmaceuticals and infrastructure.Tarmat Limited Financial Performance Tarmat Limited provided consolidated financial results, reporting figures for the quarter and the full year ended March 31, 2026.The consolidated financial results, reported in Lakhs, reflect the following operational highlights:PeriodRevenue from OperationsProfit after TaxQuarter Ended 31.03.20264246.00327.11Quarter Ended 31.03.20253795.2357.07...

Takyon Networks Ltd Wins Work Order Worth Rs. 60,50,000 from Hindustan Aeronautics Limited Takyon Networks Ltd announced on June 1, 2026, that it has secured a work order from Hindustan Aeronautics Limited (HAL). The contract is for providing a Comprehensive Annual Maintenance Contract and is valued at Rs. 60,50,000.The order was awarded by Hindustan Aeronautics Limited, Kanpur, and relates to a Comprehensive Annual Maintenance Contract. The contract terms specify a period of 24 months from the date of acceptance of the Order, with all work to be executed according to the defined scope of work or the GEM contract.The transaction was identified as a domestic order, and company sources confirmed that the order does not involve any...

Shyam Metalics and Energy Completes Employee Option Exercise under ESOP Scheme Shyam Metalics and Energy Limited reported the exercise of options by eligible employees under the SMEL Performance ESOP Scheme (ESOP - 2023). The company's Nomination and Remuneration Committee (NRC) approved the exercise of these options and the consequent allotment of equity shares during a meeting held on June 1, 2026.The ESOP Scheme, administered under the SMEL Employee Stock Incentive Plan - 2023 (ESIP - 2023), facilitates option exercises through an ESOP Trust, which is authorized to purchase shares from the secondary market.ESOP Scheme Details The initial grant covered 8,76,738 options allocated to 63 eligible employees. These options relate to...

Arunaya Organics Reports Half-Year Results; Audit Highlights Forex and Fund Utilization Observations Arunaya Organics Limited announced the outcome of its Board Meeting held on May 30, 2026, confirming the approval and release of audited financial results for the half and year ended March 31, 2026. The Board also approved the reconstitution of its Stakeholder Relationship Committee and appointed a new Secretarial Auditor.The company released the audited financial results, along with the Auditor's Report, from M/s. Abhishek Kumar & Associates, Chartered Accountants.Audit Observations and Key Audit Matters In the accompanying Independent Auditor's Report, M/s. Abhishek Kumar & Associates confirmed that the Financial Results for the...

Siyaram Recycling Industries Secures Order Worth Rs. 93,52,680 from Radhika Metals Siyaram Recycling Industries Ltd., the company formerly known as Siyaram Impex Pvt. Ltd., has secured a noteworthy order for Brass Scrap from Radhika Metals. The total value of the order stands at Rs. 93,52,680.The contract was awarded by Radhika Metals, categorizing it as a domestic entity. The order is described as a fixed cost transaction for Brass Scrap.Details regarding the significant transaction with Radhika Metals confirm that the total order worth Rs. 93,52,680 is scheduled for execution within 7 Days. The company confirmed that the transaction does not fall under related party dealings, nor does the promoter or promoter group have any...

TECIL Chemicals Receives Compensation Funds Following State Government Land Acquisition TECIL Chemicals and Hydro Power Limited reported the successful receipt of compensation funds related to the acquisition of the company's land by the State Government. The compensation, which pertains to land designated for the expansion of an MC Road, has been credited to the company's bank account.According to the company, the acquisition process involved land belonging to TECIL Chemicals and Hydro Power Limited. This transaction follows an initial deposit by the Special Tahsildar, Land Acquisition (General), Kottayam, regarding the land acquisition.The compensation amount released in favor of the company was reported as Rs 27,15,890/- (Rupees...