Markets

Alkem Laboratories Approves Re-appointment of Mrs. Madhurima Singh as Executive Director Alkem Laboratories Limited announced that its Board of Directors, during a meeting held on May 28, 2026, approved the re-appointment of Mrs. Madhurima Singh as an Executive Director.The board approval, which is subject to the recommendation of the Nomination and Remuneration Committee and the Audit Committee, sets the new term for Mrs. Madhurima Singh. The re-appointment covers a period of five consecutive years.Details regarding the appointment are as follows:ParticularsDetailName of DirectorMrs. Madhurima SinghRoleExecutive DirectorReason for ChangeRe-appointmentDate of Re-appointmentDecember 20, 2026Term of Re-appointment5...

Century Plyboards' Subsidiary Commences Commercial Production at Andhra Pradesh Unit Century Plyboards (India) Limited has announced the successful commencement of commercial production at its resin manufacturing unit. The facility belongs to the Company's step-down subsidiary, Century Adhesives & Chemicals Ltd.The resin manufacturing unit, located in Naidupetta, Andhra Pradesh, began its commercial operations on May 28, 2026. This operational milestone marks a significant development for the materials segment of the company.CENTURYPLY Stock Price Movement Century Plyboards (India) Limited shares slipped 0.29% on Wednesday, closing at ₹770.35. The equity traded on a volume of 35,556 shares, settling near its intra-day low of ₹765.8.

Hittco Tools Allots 4,45,000 Shares Via Preferential Issue; Seeks Trading Approval Hittco Tools Ltd has completed the allotment of 4,45,000 equity shares through a preferential issue, effective March 28, 2026. The company has reportedly submitted an application seeking trading approval for these shares.The shares were allotted pursuant to a preferential issue, with the company confirming that all necessary internal provisions were adhered to regarding the transaction.The details of the equity share allotment are as follows:ParameterDetailDate of Allotment28.03.2026Number of Shares Allotted4,45,000 Equity SharesFace Value Per Share₹10Issue Price Per Share₹13.92Total Issue Size₹61,94,400Distinctive Numbers6729148...

Bharat Battery's Subsidiary Secures Rs 24.55 Lakh Order from Eastern Railway Dynamic Services & Security Limited's wholly owned subsidiary, THE BHARAT BATTERY MFG CO PRIVATE LIMITED, has secured a work order from the Eastern Railway. The contract involves the supply of Low Maintenance Lead Battery 75Ah for use in locomotives.The order was awarded by the Office of the Dy. Chief Materials Manager, Kanchrapara, Eastern Railway. This transaction is categorized as a domestic contract, with the scope being the supply of Low Maintenance Lead Acid Battery 75Ah for PPCP Containers.The total value of the contract is Rs. 24,55,721.60 (Rupees Twenty-Four Lakh Fifty-Five Seven Hundred and Twenty-One and Sixty Paise Only). The delivery schedule...

Data Link Investment Manager Declares Distribution for Altius Telecom Infrastructure Trust Altius Telecom Infrastructure Trust, through its Investment Manager, Data Link Investment Manager Private Limited, declared a total distribution of Rs. 4.0116 per Unit following a meeting of the Board of Directors held on Thursday, May 28, 2026.The Board of Directors of Data Link Investment Manager Private Limited, acting as the Investment Manager for the Trust, declared the total distribution comprising two components: Return on Capital and Return of Capital.The breakdown of the declared distribution is as follows:ComponentAmount Per UnitReturn on CapitalRs. 2.5360Return of CapitalRs. 1.4756Total DistributionRs. 4.0116The...

Swaraj Suiting Limited Reports 38.5% Revenue Growth for FY26; Announces INR 4,200 Mn Strategic Expansion Swaraj Suiting Limited, an integrated textile manufacturer specializing in high-quality Denim and Cotton finished fabrics and Cotton Yarn, has announced its financial results for the quarter and financial year ended March 31, 2026. The company reported strong growth across revenue and profitability, supported by improved operational efficiencies, strategic raw material procurement, and an enhanced product mix. Furthermore, Swaraj Suiting announced a major strategic investment of approximately INR 4,200 Mn to expand its spinning business, including entry into the advanced materials and technical textile segment.Key Financial...

Essar Shipping Ltd Board Meeting Scheduled to Approve FY and Quarterly Financial Results Essar Shipping Limited announced that its Board of Directors meeting is scheduled for Saturday, May 30, 2026. The primary purpose of the meeting is to consider and approve the Audited Financial Results for the Quarter and the entire Financial Year ended March 31, 2026, both Standalone and Consolidated.In conjunction with the financial update, the company also provided an advisory notice regarding the designated persons' trading window. The trading window for the securities of the company is already closed for designated persons.The designated trading window closure period started on Wednesday, April 1, 2026, and remains closed until the end of...

Goodluck India Limited Clarifies Receipt of 155mm Shells Order Goodluck India Limited provided a clarification on May 28, 2026, regarding a previous disclosure concerning a significant defense order. The statement specifically addressed the receipt of an order for the supply of 155mm shells in Ready to Fill conditions.According to the clarification, the order was received by Goodluck Defence and Aerospace Limited, which operates as a subsidiary of Goodluck India Limited. The company clarified that the order was not received directly by Goodluck India Limited itself.GOODLUCK Stock Price Movement On Wednesday, Goodluck India Limited shares edged higher, closing at ₹1381.3, marking a gain of 2.43% for the day. The stock traded on...

Growington Ventures India Ltd Launches New Corporate Logo Growington Ventures India Ltd announced the launch of its new logo, a development approved by the company's Board of Directors.The Board of Directors of Growington Ventures India Ltd executed the logo launch during a meeting held on May 28, 2026. The company's announcement confirms the introduction of the updated visual identity, marking a material update to the corporation's branding.Stock Price Movement Growington Ventures India Ltd closed out the session Wednesday, settling at ₹0.80, marking a decline of 2.44%. Throughout the day, shares saw movement, fluctuating between a low of ₹0.78 and a high of ₹0.83.

CRISIL Revises Corporate Credit Rating of Ideaforge Technology Limited to BBB/Stable Ideaforge Technology Limited has seen its corporate credit rating revised by CRISIL Limited. The credit rating agency reaffirmed the rating at CRISIL BBB and upgraded the outlook from Negative to Stable, according to information received on May 27, 2026.CRISIL Ratings, after careful consideration, adjusted the credit rating for ideaForge Technology Limited. The rating action recorded the revision of the corporate credit rating, with the outlook changing from 'Negative Rating Reaffirmed' to 'Stable'.The updated rating details are presented below:Company NameCredit Rating AgencyFacilities/InstrumentRating ActionideaForge Technology...

TCI Express Reports Steady Growth in Q4 and FY2026, Crossing ₹10 Billion Balance Sheet Milestone Gurugram, India, May 27, 2026: TCI Express Ltd., India's leading express distribution company, announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company reported significant operational milestones during FY2026, handling more than one million tonnes of cargo and maintaining a debt-free balance sheet. The firm also reached the ₹10 billion balance sheet milestone during the year, underscoring its scale and financial resilience.TCI Express continued its expansion of its multimodal logistics network across Surface, Rail, Domestic Air, International Air, C2C, and E-Commerce segments by...

Lupin's Ankleshwar Facility Receives Establishment Inspection Report (EIR) from U.S. FDA Global pharmaceutical major Lupin Limited announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Ankleshwar facility in Gujarat, India. The report followed the closure of a productspecific Pre-Approval Inspection conducted between March 2 and March 7, 2026.Nilesh Gupta, Managing Director of Lupin, stated that the receipt of the EIR is a significant outcome. He noted that the achievement reflects the company's ongoing commitment to quality excellence and regulatory compliance, reinforcing Lupin's dedication to delivering safe and effective medicines globally...

Suzlon Energy Ltd Notifies of Material Price Movement in Stock Trading Suzlon Energy Ltd noted a Material Price Movement (MPM) in the company's scrip on May 27, 2026.The Material Price Movement was observed on May 27, 2026, specifically at 3:07 p.m. Following the trading activity, Suzlon Energy Limited stated that it could not ascertain any corresponding event or information regarding the stock that was reported in the mainstream media.This notice serves to inform the public and members about the noted price fluctuation in the company's shares.SUZLON Stock Price Movement Suzlon Energy Limited shares edged higher on Wednesday, gaining 5.81% to close at ₹57.53. The equity recorded substantial trading volume, settling at 227.75...

Supriya Lifescience Reports Strong FY26 Performance with Q4 Revenue Growth of 50% Year-over-Year Supriya Lifescience Limited, a cGMP-compliant manufacturer specializing in Active Pharmaceutical Ingredients (APIs), has released its audited financial results for the quarter and year ended March 31, 2026. The company, which operates in more than 120 countries, reported significant year-over-year growth across its key segments, driven by strong demand in therapeutic areas such as antihistamine, anti-allergic, vitamin, anaesthetic, and anti-asthmatic.The company’s financial performance showed robust increases both in the fourth quarter and for the full fiscal year 2026.Key Consolidated Financial Highlights The financial data for the...

CDSCO Grants Marketing Authorization to Wockhardt’s Antibiotic Zaynich® Wockhardt Ltd. announced that the Central Drugs Standard Control Organisation (CDSCO) has granted marketing authorization for the import and sale of its antibiotic, Zaynich ® (Zidebactam/Cefepime). The breakthrough drug is designed for the treatment of complicated urinary tract infections (cUTI), including pyelonephritis, and cases involving concurrent Gram-negative bacteremia in adult patients (≥18 years).The approval recognizes Zaynich ® as an indigenously discovered and developed, first-in-class antibiotic.Strong Clinical Efficacy Demonstrated in Phase 3 Trial The regulatory approval is supported by outcomes from the pivotal ENHANCE-1 study (NCT04979806)...

Crisil Ratings Maintained Watch Negative Status for MTNL Bonds Amid Structured Payment Monitoring Mahanagar Telephone Nigam Ltd (MTNL), a Government of India Enterprise, has received a rating rationale from Crisil Ratings Limited. Crisil Ratings has maintained the rating on MTNL’s bonds and non-convertible debentures (NCDs) at 'Rating Watch with Negative Implications.'The rating action covers a bond issuance of Rs. 6500 Crore and Non-Convertible Debentures (NCDs) of Rs. 20 Crore. For both instruments, Crisil has assigned a rating of AAA (CE), while simultaneously placing the company on 'Rating Watch with Negative Implications.'Rating Status and Structure The rating for MTNL's bonds and NCDs is based on the strength of the...

Sadbhav Infrastructure Project Limited Appoints Key Managerial Personnel for Corporate Disclosures Sadbhav Infrastructure Project Limited has updated its list of authorized Directors and Key Managerial Personnel (KMPs) responsible for determining the materiality of corporate events and making disclosures to stock exchanges. The updates include the designation of Mr. Kaivan Vora as the Chief Financial Officer (CFO).The company designated the following personnel for different functions related to corporate governance and disclosure:Authorized Personnel for Corporate Disclosures Sadbhav Infrastructure Project Limited designated the following individuals to determine the materiality of an event or information and for making disclosures...

MTNL Levied Fines of Rs. 5,31,000 by NSE and BSE Over Board Composition Non-Compliance Mahanagar Telephone Nigam Ltd (MTNL), a Government of India Enterprise, has received notices from both the National Stock Exchange (NSE) and BSE regarding non-compliance with certain listing regulations pertaining to the composition of its Board.The notices highlighted non-compliance with the provisions of Regulation 17(1) of the SEBI (LODR) Regulations, 2015. As a result, both exchanges imposed fines on MTNL.The total fines levied by both exchanges amount to Rs. 5,31,000 each. The fine structure includes:Basic fines amounting to Rs. 4,50,000. GST @18% amounting to Rs. 81,000.Regulatory Fines SummaryExchangeRegulation CitedTotal Fine...

Sadbhav Infrastructure Project Board Addresses Non-Compliance, Plans Director Appointment Sadbhav Infrastructure Project Limited held a Board of Directors meeting on May 27, 2026, to address matters pertaining to the composition of its Board and associated compliance requirements. The meeting focused specifically on non-compliance issues and corresponding fines levied by the stock exchanges.During the session, the Board discussed the matter of non-compliance with requirements related to the composition of the Board of Directors. The company acknowledged the fines imposed by both the National Stock Exchange of India Ltd. (NSE) and the Bombay Stock Exchange (BSE) concerning this lapse.Following the discussion, the Board determined...

Tejas Cargo India Limited Approves Annual Financial Results and Board Appointments Tejas Cargo India Limited announced several significant board resolutions and financial results following its board meeting held on Wednesday, May 27, 2026. The board approved the audited standalone and consolidated financial results for the year ended March 31, 2026, along with comparative financials for the half year ended on the same date.The company also formalized key appointments, including the re-appointment of its Internal Auditor and the appointment of a Secretarial Auditor for the ensuing financial year.Financial Reporting and Audit Findings The Board of Directors approved the Annual Audited Financial Statements (Standalone and Consolidated)...