Markets

Crompton Greaves Consumer Electricals Receives Order from Rewari Commission Regarding Product Compensation Crompton Greaves Consumer Electricals Limited announced on May 24, 2026, that it received a direction from the District Consumer Disputes Redressal Commission, Rewari, Haryana, concerning a consumer complaint filed over a product malfunctioning.The complaint sought compensation from the Commission. Details of the order received indicate that Crompton Greaves Consumer Electricals Limited is required to make two payments: 60% of the product value, amounting to ₹6,600, and a separate payment of ₹11,000 toward compensation.The order was received on May 23, 2026, following a direction received on May 20, 2026.The company outlined...

NIBE Group Inaugurates Advanced Defence Manufacturing Complex in Shirdi, Boosting India's Defence Ecosystem NIBE Group marked a significant milestone in India's defence manufacturing journey with the inauguration of its state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra. The event was attended by Shri Rajnath Singh, Raksha Mantri, Government of India, and Shri Devendra Fadnavis, Chief Minister of Maharashtra.The integrated defence manufacturing complex is envisioned as a next-generation ecosystem dedicated to developing advanced indigenous capabilities. Its scope covers advanced artillery systems, missile technologies, ammunition manufacturing, rocket systems, energetic materials, autonomous defence platforms, and...

MM Forgings Limited to Consider Dividend Declaration on May 27 MM Forgings Limited confirmed that its Board of Directors plans to consider and approve the declaration of a dividend, if any. This consideration is scheduled for a meeting to be held on May 27, 2026.The board's review of the dividend will take place following the consideration and approval of the audited Standalone and Consolidated financial results for the quarter and year ended March 31, 2026.The company also reiterated the closure of its trading window. The trading window for the company's equity shares was closed from April 1, 2026, to May 30, 2026.MMFL Stock Price Movement Shares of MM Forgings Limited on Friday slipped by 0.37% to settle at ₹454.4. The stock...

Kajaria Ceramics Appoints Parag Goel as President Operations for Gailpur Plant Kajaria Ceramics Limited has announced a change in its senior management leadership for the Gailpur Plant. The Board of Directors has approved the appointment of Mr. Parag Goel as the Senior Management Personnel designated as the President Operations - Gailpur Plant, effective May 26, 2026.This appointment follows the resignation of Dr. Rajveer Choudhary, who served as the COO (Gailpur Plant) of the company. Dr. Choudhary's tenure concluded with effect from May 23, 2026.Mr. Parag Goel brings extensive experience to the role. He holds a BE in Mechanical from IET, Lucknow. Over more than 30 years, he gained significant experience with Hero MotoCorp, serving...

India Pesticides Limited Crosses Rs. 1,000 Crore Revenue Milestone in FY2026 India Pesticides Limited (IPL), a rapidly growing agro-chemical manufacturer, announced its audited consolidated financial results for the quarter and full year ended March 31, 2026. The results highlight strong performance and significant growth across both domestic and international markets.IPL recorded total income of Rs. 1,078 Cr for the full year, marking an increase of 27.9% Year Over Year (YoY). The company achieved a key milestone by crossing the Rs. 1,000 crore revenue mark for the first time.Q4 and Full Year Performance Overview The company's financial metrics show a notable upward trend in operational efficiency and revenue generation.IPL's...

Universal Cables Limited Board Authorizes Key Management Personnel for Material Event Disclosures The Board of Directors of Universal Cables Limited held a meeting on May 23, 2026, during which it granted fresh authorization to key managerial personnel (KMPs). This authorization enables specific individuals to determine the materiality of an event or information and to manage the subsequent disclosures of material events or information to the Stock Exchanges.The authorized key personnel include the company's senior management team, designated for corporate communication and governance compliance.The authorized personnel are as follows:S.No.Name and Designation1Shri Y.S. Lodha, Managing Director & Chief Executive Officer...

Phantom Digital Effects Limited Finalizes Details for CCD Issue, Revises Relevant Date to April 13, 2026 Phantom Digital Effects Limited has announced clarifications regarding its proposed Preferential Issue of Compulsorily Convertible Debentures (CCDs). The company confirmed several operational and financial revisions, notably adjusting the relevant date and detailing the final issue parameters for the debt conversion.The company addressed initial observations regarding the issue, providing clarifications on key operational aspects. Phantom Digital Effects Limited confirmed that the valuation report obtained is applicable to the proposed preferential issue of CCDs. Furthermore, the management clarified that the timeline for utilizing...

Baba Food Processing Board Approves Appointment of Rohit Choudhary as Independent Director The Board of Directors of Baba Food Processing (India) Limited held its meeting on May 24, 2026. The meeting commenced at 12:30 P.M. and concluded at 1:00 P.M., taking place through Video Conferencing / Other Audio-Visual Means.During the session, the Board considered and approved several material corporate governance changes and appointments.The Board took note of the resignation of Mr. Rajkumar Lakhotia from the post of Independent Director, effective March 14, 2026. Furthermore, the directors approved the appointment of Mr. Rohit Choudhary (DIN: 02169085) as an Additional Director in the category of Independent Director. This appointment is...

HBL Engineering Reports FY26 Results, Projects Stronger Performance for FY27 HBL Engineering Limited provided an update on its financial performance, noting that full-year results for FY26 were significantly better compared to FY25. The company also provided management estimates for FY27, indicating continued growth alongside operational variability.The company reported that Q4 FY26 sales surpassed those recorded in Q4 FY25. Despite the increased sales, profitability for Q4 FY26 was observed to be lower, attributed to two primary factors. First, the profitability of Kavach contracts naturally varies, a characteristic stated to be inherent to the business and beyond the company's management control. Second, the lower profitability was...

Machino Plastics Ltd. Board Meeting Scheduled to Approve Q1 and Annual Results for March 2026 Machino Plastics Ltd. has announced that its Board of Directors meeting is scheduled for May 30, 2026. The meeting, which will be held through video conferencing, aims to consider and approve key corporate results for the company.The primary agenda items for the board include the review of the Audited Financial Results for the quarter and the full fiscal year ended March 31, 2026, alongside any other business matters.In relation to corporate governance and insider trading guidelines, the company also provided details regarding the closure of its trading window. Designated persons have been informed that the trading window is closed from...

SMT Engineering Ltd to Hold Board Meeting to Approve Financial Results for FY Ended March 31, 2026 SMT Engineering Ltd, also known as SAI (formerly Adarsh Mercantile Limited), has scheduled a Board of Directors meeting to approve the audited financial results and statements for the quarter and full financial year ended March 31, 2026.The Board Meeting is slated for Friday, May 29, 2026.The primary agenda points for the meeting include considering and approving the Audited Standalone and Consolidated Financial Results of the company, along with the associated Audit Report, for the quarter and financial year ended March 31, 2026. Furthermore, the board is scheduled to consider and approve the Audited Standalone and Consolidated...

LGT Global Hospitality to Hold Board Meeting to Approve Financial Results LGT Global Hospitality Limited, which operates in Global Accommodations and International Holidays, has announced that its Board of Directors will convene a meeting to consider and approve its financial results. The company, previously known as LGT Business Connextions Limited, scheduled the board meeting for Friday, May 29, 2026.The meeting is set to take place at 3:00 P.M. The primary agenda item for the Board of Directors is the consideration and subsequent approval of the draft audited Standalone and Consolidated Financial Results of the Company. These results cover the half year and the year ended March 31, 2026, alongside other matters with the permission...

Machhar Industries Ltd Announces Financial Results for Quarter and Year Ended March 31, 2026 Machhar Industries Ltd has released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the financial reports during a meeting held on May 23, 2026.The financial results provide a comparative view of the company's performance across multiple reporting periods, including standalone statements, consolidated statements, and detailed cash flow analysis.Financial Performance Highlights The company's standalone financial results indicate a total income from operations of 451.50 Lakhs for the quarter ended March 31, 2026, and 1,568.12 Lakhs for the year ended March...

Monotype India Ltd to Convene Board Meeting on May 28, 2026 Monotype India Ltd has scheduled a meeting of its Board of Directors for Thursday, May 28, 2026. The board meeting is set to take place at the company's registered office and is intended to address several crucial corporate and financial matters.The agenda for the Board of Directors meeting includes the following key points:Consideration and approval of the Audited Financial Results for the quarter and the year ended March 31, 2026. The appointment of the Internal Auditor for the financial year 2026-2027. Consideration of any other matter, subject to the permission of the chair and the consent of a majority of the Company's Directors.Stock Price Movement Monotype India...

Independent Director Tenure Concludes for Almondz Global Securities Limited Almondz Global Securities Limited announced the conclusion of the second five-year term of its Independent Director, Mr. Satish Chandra Sinha. The transition took effect on May 24, 2026.The company confirmed that Mr. Satish Chandra Sinha, identified by DIN 03598173, ceased serving as an Independent Director with effect from the end of the day on May 24, 2026, following the completion of his second five-year term.The Board of Directors and the Management of Almondz Global Securities Limited expressed their appreciation for the contributions made by Mr. Satish Chandra Sinha during his association with the company over the years.The details regarding the...

Texmaco Rail & Engineering Secures Rs 28.58 Crores LOA from Vedanta Aluminium Metal Texmaco Rail & Engineering Limited has received a Letter of Award (LOA) from Vedanta Aluminium Metal Limited for the supply of specialized rail and transportation equipment. The contract has been awarded by the domestic entity, Vedanta Aluminium Metal Limited, and holds a value of Rs 28.58 Crores, inclusive of taxes.The order involves the supply of 1 rake BTAP Alumina transportation wagon and 1 brake Van, designated as a Guard Vehicle. The transaction is classified as a domestic contract.According to the details provided, the LOA specifies a delivery timeline of within 6 months from the date of the Notice to Proceed (NTP). Furthermore, the company...

Anupam Rasayan India to Acquire 43.30% Stake in Bliss GVS Pharma through Share Purchase Agreement Bliss GVS Pharma Limited has announced the execution of a Share Purchase Agreement (SPA) dated May 23, 2026. Under the agreement, Anupam Rasayan India Limited (the Purchaser) will acquire a substantial equity stake in the Company from a group of existing shareholders (the Sellers). The transaction involves the transfer of shares from both promoter and non-promoter categories.The Shares Proposed for TransferThe Sellers, comprising promoter/promoter group members and public/non-promoter shareholders, are proposing to sell a total of 4,58,03,024 fully paid up equity shares, representing 43.30% of the Company's total paid-up share capital...

Anupam Rasayan Acquires Stake in Bliss GVS Pharma in Strategic Move to Build Integrated Pharma Platform Anupam Rasayan India Ltd., a prominent provider of custom synthesis and specialty chemicals, announced on May 23, 2026, that it has entered into a definitive agreement to acquire a 43.3% to 48.2% equity stake, along with an Open Offer to the public shareholders, of Bliss GVS Pharma Limited.The acquisition targets Bliss GVS Pharma Limited, an India-based pharmaceutical formulations company.The total purchase consideration for the acquisition has been structured through a combination of financing sources:Rs 300 Crores via a Term Loan. Non-controlling non-voting equity instrument for the remaining amount.Understanding Bliss GVS...

SEBI Imposes Penalty on Shubhlaxmi Jewel Art Limited Promoter Group for Alleged Violation of Takeover Regulations The Securities and Exchange Board of India (SEBI) has finalized an adjudication order, finding that the promoter group of Shubhlaxmi Jewel Art Limited violated the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations). Consequently, the Adjudicating Officer (AO) has imposed a monetary penalty on the promoter and associated persons.The inquiry centered on the compliance of the promoter group with the SAST Regulations following the allotment of 18,00,000 equity shares to Noticee 1, Narendrasinh J Chauhan, and the subsequent increase in the promoter/promoter group's...

Universal Cables Reports Highest Turnover in FY 2025-26; Recommends 45% Dividend Universal Cables Limited reported a significant boost in its financial performance for the year ended March 31, 2026, achieving a standalone turnover of Rs 3,022.67 crores. The company's Board of Directors, in its meeting on May 23, 2026, approved the financial results and recommended a dividend of 45% on its equity shares.The company, which operates under the MP Birla Group, is a leading manufacturer of power cables, capacitors, and related power solutions. The substantial revenue growth was attributed to higher volumes and an improved product mix, particularly within the Extra-High Voltage (EHV) cable business and the capacitors segment.Financial...