Markets

DRS Cargo Movers Limited Unveils Audited Financial Results for March 31, 2026 DRS Cargo Movers Limited, formerly known as DRS. Cargo Movers Limited, announced the release of its audited financial results for the half year and year to date, covering the period ending March 31, 2026. The financial results were reviewed and approved by the Board of Directors during the meeting held on May 30, 2026.The company provided detailed financial statements, including the audited financial results, Statement of Assets and Liabilities, and Cash Flow Statement, for the period.Financial Highlights (All Amounts in Rs Lakhs unless otherwise stated) The financial performance across key metrics for the year ended March 31, 2026, compared to the...

Bank of India Announces Changes in MCLR and Fixed Rate Spread Effective June 1, 2026 Bank of India announced changes to its Marginal Cost of Fund based Lending Rate (MCLR) and Fixed Rate Spread (FRS), which will be applicable starting June 1, 2026. The bank confirmed that the Repo Based Lending Rate (RBLR) will remain unchanged from this date.The MCLR and FRS revisions affect various lending products, with the revised rates structured across different tenors.Updated MCLR Rates Bank of India provided the MCLR rates applicable prior to June 1, 2026, along with the revised rates effective from June 1, 2026.The MCLR rate effective from May 1, 2026, was:Rate effective fromOvernight MCLR1 Month MCLR3 Month MCLR6 Month MCLR1 Year...

Deepak Builders & Engineers Approves FY 2026 Financial Results and Appoints Cost Auditor Deepak Builders & Engineers India Limited (DBEIL) announced the outcomes of its Board of Directors meeting held on May 30, 2026. The board approved the company's audited standalone financial results for the quarter and year ended March 31, 2026, and also constituted a committee to enhance governance structures.The board meeting saw key decisions regarding governance, financial reporting, and auditing. The company approved the appointment of M/s Gurvinder Chopra and CO., Cost Accountants, as the Cost Auditors for the company. This appointment followed the recommendation of the Audit Committee.Furthermore, the board adopted and approved the policy...

Pratham EPC Projects Reports Consolidated and Standalone Financial Results for FY 2026 Pratham EPC Projects Limited has announced the financial results for the half year and the full year ended March 31, 2026, following the Board of Directors meeting held on May 30, 2026. The company released audited financial statements covering both consolidated and standalone results.Consolidated Financial Highlights The company's consolidated statement of results provides a comparison of financials for the year ended March 31, 2026 (Audited), the half year ended September 30, 2025 (Unaudited), and the year ended March 31, 2025 (Audited).Particulars31.03.2026 (Audited)Half Year Ended 30.09.2025 (Unaudited)31.03.2025 (Audited)Total...

Clear Secured Services Wins ₹ 156.46 Crore Contract for BSNL’s Tower Infrastructure Clear Secured Services Ltd. (CSSL), a leading pan-India facility management and security solutions provider, has secured a significant Engineering, Procurement, and Construction (EPC) and Maintenance contract from BSNL. The contract, valued at an aggregate of ₹ 156.46 crore, includes GST, covers the supply and installation of Ground Based Towers (GBTs) and acts as an infrastructure as a service provider (laaSP).The project involves supporting the 4G saturation effort under the BOP-BIP initiative in the uncovered villages of India. CSSL will manage the scope of work across Cluster H, encompassing the Bihar, Jharkhand, UP (East), UP (West), Punjab, and...

Sharp Chucks and Machines Reports Financial Results for FYE March 31, 2026 Sharp Chucks and Machines Limited, a manufacturer and exporter of precision self centering lathe chucks, drill chucks, and independent chucks, released its financial results for the half year ended and year ended March 31, 2026. The company reported significant figures across its profitability, balance sheet, and cash flow statements for the period.Financial Performance Highlights The company’s Statement of Profit and Loss showed a year-on-year increase in total income.For the full year ended March 31, 2026, the total income stood at 24,622.52 Rs. Lacs, compared to 27,504.41 Rs. Lacs for the corresponding period in the previous year. During the half year...

Sunlite Recycling Industries Receives Tax Demand Order for Undisclosed Income Sunlite Recycling Industries Limited has announced the receipt of a Demand Order from the Income Tax Department concerning undisclosed income. The order was received by the company on May 30, 2026, from the Deputy Commissioner of Income Tax, Central Circle-3, Vadodara.The demand order was issued under Section 156 and 158BC (1) (C) read with Section 143(3) of the Income Tax Act, 1961, and is dated May 28, 2026.The assessment covers the block period spanning from April 1, 2018, to April 23, 2025. The primary allegation relates to undisclosed income generated during this period.Details of the Tax Demand Order The key details regarding the tax demand order...

Univastu India Limited Reports Strong Financial Performance, Highlighting ₹1,033.14 Lakh Profit for Q4 FY26 Univastu India Limited, a leading infrastructure and civil construction company, has reported its financial performance for the quarter and year ended March 31, 2026. The company continues to focus on integrating advanced technology, such as IoT, into its civil structures and infrastructure projects.Univastu India Limited provides integrated engineering, procurement, and construction services across various civil and structural sectors. Operating in the public and commercial sectors pan-India, the company specializes in specialized construction space, including metro systems, hospitals, commercial structures, and educational...

Artech International Files Civil Suit Challenging Termination of Timken Distributor Agreement Timken India Limited is facing a civil suit filed by Artech International Private Limited before the High Court of Calcutta concerning the termination of a Distributor Agreement.Artech International Private Limited had previously been appointed as a Distributor of the company through an executed Distributor Agreement. Timken India Limited issued a notice on May 8, 2026, terminating the said Distributor Agreement(s), effective July 7, 2026, following a notice period of 60 days.The legal dispute arose when Artech International Private Limited filed a civil suit with the High Court of Calcutta. Artech challenged the termination notice dated...

Archies Limited Approves FY26 Results; Varun Moolchandani Appointed CFO Archies Limited announced the approval of its Audited Standalone Financial Results for the Quarter and the full Year ended March 31, 2026, along with the corresponding Auditors Report. The company also announced key changes in its leadership structure, including the appointment of Mr. Varun Moolchandani as Chief Financial Officer (CFO) and the resignation of Mr. Rijul Bansal as Non-Executive Independent Director.In a board meeting held on May 30, 2026, the Board of Directors affirmed the financial outcomes and approved the operational changes.Key Leadership Changes The Board formally approved two significant personnel updates:Appointment: Mr. Varun...

Aspire & Innovative Advertising Limited Reports Audited Financial Results for FY and Half Year Ending March 31, 2026 Aspire & Innovative Advertising Limited today announced the audited financial results for the half year and the full financial year ended March 31, 2026. The results were approved by the Board of Directors following review by the Audit Committee during the meeting held on May 30, 2026.The company provided comprehensive standalone audited financial results along with the Independent Auditor's Report covering the financial periods ending March 31, 2026.Financial Performance Highlights The Company's financials for the half year and full financial year ended March 31, 2026, demonstrate significant activity across its...

Modern Threads Announces Audited Financial Results and Reappoints Cost Auditor Modern Threads (India) Limited announced the results of its Board of Directors meeting held on May 30, 2026. The company approved the audited financial results for both the standalone and consolidated entities for the quarter and the year ended March 31, 2026. The Board also approved the reappointment of S. Goyal & Co., Cost Accountants, Jaipur, as the Cost Auditor for the financial year 2026-27.The audited results include the Statement of Assets and Liabilities and the Statement of Cash Flows for the period ended March 31, 2026.Financial Highlights for FY 2025-26 The consolidated financial statements provide a comprehensive overview of the Group’s...

MBL Infrastructure Limited Approves FY2026 Results, Increases Paid-up Capital Through Promoter Allotment MBL Infrastructure Limited announced the approval of its audited financial results for the year ended March 31, 2026, alongside key corporate actions, including the allotment of shares to an entity within its promoter group and the re-appointment of a director. The Board of Directors meeting held on May 30, 2026, considered and adopted the results, while also restructuring the paid-up capital through a resolution plan approved under the IBC, 2016.The Board also approved the re-appointment of Mr. Surender Aggarwal as Whole Time Director/Executive Director for the period beginning October 1, 2026, and concluding on September 30...

Hardwyn India Limited Reports FY2026 Results, Targets ₹1,000 Crore Milestone by FY32 Hardwyn India Limited has announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported total income of ₹ 20,041.35 Lakhs for the fiscal year 2026, marking a steady year-on-year growth trajectory compared to ₹ 18,537.39 Lakhs in FY2025.The full year net profit reached ₹ 1,320.58 Lakhs, an increase from ₹ 1,123.12 Lakhs in the previous year, translating to a 17.58% PAT increase. Strong momentum was visible in the fourth quarter, where the company reported revenue of ₹5,747.42 Lakhs and a net profit of ₹342.94 Lakhs.MetricFY2026FY2025Total Income₹ 20,041.35 Lakhs₹ 18,537.39 LakhsNet Profit₹...

Sumeet Industries Reports Resilient FY26 Performance: Total Income Exceeds ₹1,050 Cr, PAT at ₹27.33 Cr Sumeet Industries Limited, a major integrated polyester manufacturer, announced its audited financial results for the fourth quarter (Q4) and the full fiscal year 2026 (FY26). The company, which specializes in producing Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, reported robust financial figures and announced a significant strategic acquisition aimed at enhancing its backward integration.Commenting on the annual performance, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited, stated that the company demonstrated stable financial performance for FY26, achieving a...

Oricon Enterprises Limited Approves Financial Results, Recommends 10% Dividend, and Divests Key Stakes Oricon Enterprises Limited announced several material corporate developments following its Board of Directors meeting on May 29, 2026. The Board reviewed and approved the audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026.Regarding profitability, the Board recommended a dividend of 10% (Rs. 0.20/-) per Equity Share of Rs. 02/- each for the year ended March 31, 2026. This dividend recommendation is subject to the approval of the members at the forthcoming 56th Annual General Meeting.Strategic Divestments and Corporate Approvals The company also approved two significant corporate...

P S Raj Steels Approves FY 2026 Financial Results and Recommends Share Split P S Raj Steels Limited, formerly P S Raj Steels Private Limited, announced on May 29, 2026, that its Board of Directors approved the audited Standalone Financial Results for the Half Year and Year ended March 31, 2026. Furthermore, the company recommended a sub-division of its equity shares and approved key appointments for the upcoming financial period.During the meeting, the company also conducted significant corporate restructuring, approving the sub-division and splitting of existing equity shares. This action, subject to shareholder approval, aims to enhance the liquidity of the company's equity shares, making them more accessible to retail investors...

Zenith Exports Limited Penalized by BSE and NSE for LODR Non-Compliance Zenith Exports Limited was notified of penalties by both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding non-compliance with specific listing regulations. The penalties relate to the composition of the company's Board of Directors for the quarter ended March 31, 2026.The notices confirmed that the company violated Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Details of the Penalty For this alleged violation, Zenith Exports Limited was assessed a fine of Rs. 3,77,600 by each exchange. The total penalty structure, inclusive of GST, is detailed below:ExchangeBasic Fine...

Shalimar Paints Reports Audited Financial Results for FY 2025-26; Details Show Operational Turnaround Shalimar Paints Limited announced the approval of its audited financial results for the Financial Year ended March 31, 2026. The Board of Directors held its meeting on May 28, 2026, where the company approved its audited financial results for the standalone and consolidated entities. The company received an unmodified audit opinion on these results from the statutory auditor.The audited financial statements for the year ending March 31, 2026, highlight various aspects of the company's performance across both standalone and consolidated segments.Standalone Financial Performance (FY 2025-26) For the standalone entity, the Statement of...

Vishwas Agri Seeds Approves Financial Results, Appoints New Auditors, and Details IPO Fund Utilization Vishwas Agri Seeds Limited (VISHWAS) reported significant corporate updates following its Board of Directors meeting on May 30, 2026. During the meeting, the company formally approved its audited financial results for the half year ended March 31, 2026, and finalized the appointments of its Secretarial and Internal Auditors for the upcoming financial years. Furthermore, the company provided a detailed statement regarding the utilization of funds raised through its Initial Public Offering (IPO).Audit and Governance Approvals The Board of Directors acknowledged the audited financial outcomes and appointed external auditors to manage...