Markets

Konstelec Engineers Wins ₹165.85 Crore in Major L1 Projects Across Defence and Refinery Segments Mumbai, May 22, 2026: Konstelec Engineers Limited today announced it has emerged as the successful L1 bidder for three major projects across the Defence and Refinery sectors. The successful bids represent a cumulative estimated order value of ₹165.85 Crores.These project wins underscore the company's growth in execution capabilities within instrumentation, electrical systems, and industrial EPC services, solidifying its standing in high-value sectors.The company secured work orders from two key clients: Numaligarh Refinery Limited and Advanced Weapons and Equipment India Limited (Ministry of Defence).The total project value is detailed...

Arham Technologies Ltd Appoints Vicky Kaushal as Brand Ambassador to Deepen Pan-India Connect Arham Technologies Limited, a leading consumer Electronics Brand and Manufacturer, announced the appointment of Bollywood actor Vicky Kaushal as the company's brand ambassador on May 22, 2026.The association is aimed at materially strengthening Arham's pan-India presence. The company stated that Vicky Kaushal's appeal bridges urban aspirations and rural trust, lending aspirational credibility to Arham's premium products, improving consideration and conversion across markets, and boosting the company's progress toward becoming the nation's preferred TV brand.Ankit Jain, Executive Director and Chief Financial Officer of Arham Technologies...

Viyash Scientific Limited Reports Mixed Rating Status: India Ratings Withdraws Bank Loan Rating; ICRA Upgrades Rating Viyash Scientific Limited (formerly Sequent Scientific Limited) has announced updates regarding its corporate credit ratings, noting the withdrawal of ratings assigned to its bank loan facilities by India Ratings and Research (IndRa). Concurrently, the company reported that ICRA Ratings upgraded its rating to [ICRA] AA(Stable) on April 22, 2026.India Ratings and Research (IndRa) confirmed that it affirmed the ratings on Viyash Scientific Limited's (VSL) bank facilities at 'IND AA-'/Stable/'IND A1+' while simultaneously withdrawing them.The rating action details related to the bank loan facilities are as follows...

Viceroy Hotels Ltd Reports Consolidated Financial Results for FY 2026 and Details Strategic Acquisitions Viceroy Hotels Limited announced that its Board of Directors held a meeting on May 22, 2026, to consider and approve the audited financial results for the quarter and the full financial year ended March 31, 2026, along with the statutory audit report.During the meeting, the company also announced the appointment of M/s. Murthy & Kanth, Chartered Accountants, as the Internal Auditors for the Financial Year 2026-27. The Managing Director and CEO issued a declaration confirming that the Statutory Auditors issued an audit report with an unmodified opinion on the audited financial results for the quarter and financial year ended March...

Zota Health Care Announces FY2026 Results and Strategic Investment in Davaindia Health Mart Zota Health Care Limited announced key outcomes from its Board meeting held on May 22, 2026. The Board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026, along with the corresponding audit reports.The Company recommended a final dividend of 10%, equivalent to Re. 1/- per equity share of Rs. 10/- each, for the financial year 2025-26, which is subject to the approval of the shareholders at the Annual General Meeting.Financial Performance Overview The audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, reflected the...

TVS Electronics Limited Shifts Registered Office to Different Floor within Harita Towers TVS Electronics Limited has announced a change in its Registered Office address. The company confirmed that the shift will take effect from June 1, 2026, moving its operations to a new floor within the same building in Chennai.The decision was reached by the company's Board of Directors, and the move involves relocating the Registered Office from the second floor to the fourth floor of Harita Towers.For all official communications and correspondence, TVS Electronics Limited will be addressed at the new location starting from the effective date.The change in registered office details is as follows:StatusOld Registered Office AddressNew...

Minda Corporation Enters into First Amendment Agreement for Joint Venture Company Minda Corporation Limited has executed a First Amendment Agreement with two key parties: Vehicle Access Systems Technology LLC, U.S.A, and Minda Vast Access Systems Private Limited (MVAST). This agreement amends the terms and conditions of the original Shareholder Agreement that was initially signed on April 30, 2015.The Amendment Agreement, executed on May 22, 2026, modifies the original Shareholder Agreement, which had been effective since April 30, 2015. The terms and conditions outlined in the new agreement are mutually agreed upon and become effective from April 1, 2026.Minda Corporation Limited and Vehicle Access Systems Technology LLC, U.S.A...

TVS Supply Chain’s Subsidiary Invests in Swamy & Sons 3PL for FMCG and FMCD Expansion TVS Supply Chain Solutions Limited, through its subsidiary FIT 3PL Warehousing Private Limited, has announced a significant investment in Swamy & Sons 3PL Private Limited. This move is aimed at facilitating business expansion and strengthening the company's capabilities within the Fast-Moving Consumer Goods (FMCG) and Fast-Moving Consumer Durables (FMCD) sectors.FIT 3PL made an initial investment of Rs. 59,56,43,370 in the Target Entity. This primary investment was made toward the proposed acquisition of 100% of the paid-up share capital of Swamy & Sons 3PL Private Limited, which involves both primary and secondary acquisition of securities. As part...

Greenlam Industries Announces Financial Results for FY26, Recommends Dividend, and Confirms Director Reappointment Greenlam Industries Limited announced significant corporate decisions following its Board of Directors meeting held on May 22, 2026. The board considered and approved the Annual Standalone and Consolidated Audited Financial Results, segment-wise performance details, and the Cash Flow Statement for the quarter and year ended March 31, 2026.The company also recommended a final dividend payment and approved key changes in its corporate structure and governance.Financial Performance Highlights The Board confirmed the Annual Audited Financial Results for the financial year ended March 31, 2026. The financial tables provide a...

Popular Vehicles and Services Announces CEO Resignation, Effective August 21, 2026 Popular Vehicles and Services Limited announced the resignation of its Chief Executive Officer, Mr. Raj Narayan. The notice of resignation was received on May 22, 2026, with the resignation scheduled to take effect from August 21, 2026.Mr. Narayan submitted his notice on May 22, 2026, stating that he is resigning to pursue a new career opportunity in a different industry. The company confirmed that he would serve the required notice period to ensure a smooth transition of business continuity.The key details regarding the change in management are summarized below:DetailInformationOutgoing ExecutiveMr. Raj NarayanDesignationChief Executive...

Hariom Pipe Industries Approves Financial Results for FY2026, Recommends Dividend of Rs. 0.75 Per Share Hariom Pipe Industries Limited announced the outcomes of its Board of Directors meeting held on May 22, 2026. The Board considered and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026.Key decisions made by the Board include the recommendation of a final dividend and the reappointment of key professional service providers.Dividend and Financial Results The Board recommended a final dividend of Rs. 0.75 (Seventy-Five Paise) per equity share, having a face value of Rs. 10 each, for the financial year ended March 31, 2026. If approved by the Members, the dividend is...

Ashapura Logistics Limited Approves FY 2026 Financial Results and Re-appoints Key Auditors Ashapura Logistics Limited announced the approval of its audited financial results for the half year and the full year ended March 31, 2026. The company's Board of Directors also approved the re-appointment of M/s Talati & Talati LLP as the Statutory Auditor, alongside the appointment of new firms for Internal and Secretarial Audit roles for the subsequent years.During the Board meeting held on March 22, 2026, the company approved the Audited Financial Statements (Standalone and Consolidated) for the half year and year ended March 31, 2026. The Statutory Auditors, M/s Talati & Talati LLP, issued an audit report providing an 'Unmodified Opinion'...

Century Plyboards to Establish New Manufacturing Unit in Odisha for Plywood and Particle Board Century Plyboards (India) Limited announced a proposal to establish a new manufacturing facility in the state of Odisha. The move aims to significantly expand the company's capacity for producing Plywood and Particle Board.The proposal was reviewed by the company's Board of Directors during a meeting held on May 22, 2026. The new unit will focus on manufacturing Plywood and Particle Board products.The company detailed the operational expansion plans, investments, and timelines in a report outlining the proposed manufacturing setup.Proposed Manufacturing Details The expansion details for the Plywood and Particle Board units are summarized...

Repro India Completes Sale of Non-Operational Property for Rs. 282 Crores Repro India Limited confirmed the successful completion of the sale of its non-operational immovable property located at Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai. The transaction saw the transfer of leasehold rights in the asset to STT Global Data Centres India Private Limited, with the entire consideration received by the company.The sale, which was initially planned following a Board of Directors approval, was finalized on May 22, 2026, upon the execution of the Assignment Deed.The asset being transferred was Plot No. 50/2, which is situated in the Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai - 400710, covering an area of...

Kolte-Patil Developers Limited Reports Utilization of Preferential Issue Proceeds Kolte-Patil Developers Limited has provided details regarding the utilization of funds raised through its preferential issue of Equity Shares. The report covers the period for the quarter ended March 31, 2026.The company, bearing ISIN INE094I01018, undertook the fund-raising activity through a preferential issue of Equity Shares. This fund-raising took place on June 23, 2025.According to the statement, the total amount raised was Rs. 41,703 Lakhs. Monitoring for the issue is being conducted by CARE Ratings Limited.A table summarizing the key financial and reporting details for the utilization of issue proceeds is provided below:DetailValue...

Ashapura Logistics Approves FY 2026 Financial Results and Re-appoints Statutory and Internal Auditors Ashapura Logistics Limited recently announced the outcomes of its Board Meeting held on May 22, 2026. Key approvals included the audited financial statements for the half year and full year ended March 31, 2026, alongside the re-appointment of its Statutory, Internal, and Secretarial Auditors.The company also provided details regarding the utilization of issue proceeds for its Initial Public Offering (IPO).Financial Performance Summary The company reported its financial results for the fiscal year and half year ended March 31, 2026.Consolidated Financial Results The consolidated financial results for the year ended March 31, 2026...

Dhruv Consultancy Services Wins LOA for Elevated Corridor Construction in Maharashtra Dhruv Consultancy Services Limited has been awarded a Letter of Award (LOA) for consultancy services related to a major elevated corridor construction project in Maharashtra. The contract was awarded by the National Highways Authority of India (NHAI) and is set to be executed in a joint venture capacity.The Letter of Award, identified under Project Letter No./ LOA No.MHDIV-25/1/2025-Maharashtra & Goa Division/299851 and dated May 21, 2026, appointed the company along with its joint bidding partners: Yongma Engineering Co. Ltd and Innovative Engineering Advisory LLP.The contract covers rendering Consultancy Services for Authority Engineer for the...

Century Plyboards Board Recommends Dividend of Re. 1 Per Equity Share Century Plyboards (India) Limited announced that its Board of Directors, during a meeting held on May 22, 2026, recommended a dividend for the financial year ended March 31, 2026.The Board recommended a dividend of Re. 1/- (Rupee One) per Equity Share, which has a Face Value of Re. 1/- each.The company stated that the payment of the dividend, to be made through RTGS/NEFT/NACH/DD, will occur within 30 days following the date of approval by the shareholders at the forthcoming Annual General Meeting.Key details regarding the dividend recommendation are as follows:ParameterDetailCompany NameCentury Plyboards (India) LimitedBoard Meeting DateMay 22, 2026...

Hariom Pipe Industries Approves FY 2026 Results, Recommends 7.5% Dividend Hariom Pipe Industries Limited announced the key outcomes of its Board of Directors meeting held on May 22, 2026. The board considered and approved the audited financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, along with the corresponding audit reports.In a significant corporate action, the board also recommended a final dividend of Rs. 0.75 (Seventy-Five Paise) per equity share, representing 7.5% of the face value of Rs. 10 each, for the financial year ended March 31, 2026. The dividend, if approved by the members, would be disbursed within 30 days of the declaration.Financial Performance Summary The company...

PNC Infratech Receives Settlement Funds from NHAI under Vivad-se-Vishwas Scheme PNC Infratech Limited successfully realized a significant settlement amount from the National Highways Authority of India (NHAI) on May 22, 2026. The funds pertain to a one-time settlement of an arbitration award concerning the Agra Bypass EPC Project.The Company received a net amount of Rs. 2,128,190,137,464.00 (Two hundred twenty-eight crores ninety lakhs thirty-seven thousand four hundred sixty-four only) after the deduction of tax at source (TDS). This realization follows the execution of a Settlement Agreement on May 12, 2026, between NHAI and PNC Infratech Limited.The settlement was reached under the 'Vivad Se Vishwas III (Contractual Disputes)'...