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Maharashtra Seamless Limited Announces Financial Results, Recommends Dividend, and Plans Registered Office Shift Maharashtra Seamless Limited (MSL) announced key corporate developments following its Board meeting on May 22, 2026. The Board considered and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.In addition to the financial reporting, the Board also recommended a dividend payout and approved the initial steps for relocating the company's registered office.Financial Highlights and Dividend Recommendation The Board of Directors recommended a dividend, subject to the approval of the members, for the financial year 2025-26.ParameterValueRecommended...

Maharashtra Seamless Limited to Demerger Operations into Two Separate Entities Maharashtra Seamless Limited has approved a scheme of arrangement detailing the demerger of two key operational units into two new, dedicated companies: MSL Seamless Tubes Limited (MSTL) and United Seamless Limited (USL). The corporate restructuring aims to enable specialized focus and independent growth strategies for each distinct business vertical. The scheme includes an Appointed Date of October 1, 2026.The proposed scheme involves demerging two significant units from Maharashtra Seamless Limited. These include:1. Demerged Undertaking 1: This unit encompasses the seamless pipe manufacturing business located at Mangaon, Maharashtra, with a capacity of...

Valiant Organics Details Settlement Plan for Cessation as Partner of Dhanvallabh Ventures LLP Valiant Organics Limited has clarified the financial and structural details regarding its proposed material related party transaction involving its cessation as a partner of Dhanvallabh Ventures LLP (DVLLP). The clarification outlines the comprehensive settlement mechanism approved by the company's Board of Directors.The Board of Directors accorded its approval to proceed with the proposed material related party transaction with DVLLP. This transaction is structured to occur at fair market value and on an arm's length basis, facilitating Valiant Organics Limited's withdrawal as a partner from DVLLP.According to the revised details, the...

Kumaresh Chandra Misra Appointed Independent Director on Board of ASK Automobiles Private Limited ASK Automotive Limited announced the appointment of Mr. Kumaresh Chandra Misra as an Independent Director on the Board of ASK Automobiles Private Limited, which is an unlisted material subsidiary of the company. The appointment was effective from May 22, 2026.Mr. Misra, who holds the DIN number 00388546, assumes the role of Independent Director on the subsidiary's board, strengthening the company's governance structure.The article details Mr. Misra's extensive professional background and educational credentials. He is a retired Indian Administrative Service officer belonging to the 1977 batch. His career includes service in the...

Sindhu Trade Links Approves Major Capital Enhancement and Strategic Acquisitions in Mining and Coal Sectors Sindhu Trade Links Limited (STLL) announced that its Board of Directors approved a comprehensive set of business strategies on May 22, 2026. The board approved a significant increase in the company's Authorized Share Capital and approved two major strategic acquisitions—one in coal resources and another in mining and allied services—all discharged via a share swap mechanism.The Board also set the relevant date for the proposed preferential issuances and scheduled an Extraordinary General Meeting (EGM) to seek requisite shareholder approval for the matters.Capital Structure Enhancement In an effort to strengthen its financial...

ABS Marine Services Reports Robust Financial Growth with Significant Margin Improvement ABS Marine Services Limited, a leading maritime company specializing in Ship Management, Vessel Ownership, Marine, and Port Services, has announced its audited financial results for the second half of FY26 (H2 FY26) and the full year FY26. The results highlight a period of strong growth and margin improvement, driven by the expansion of its asset base and increased focus on offshore capabilities.The company's full-year performance for FY26 saw substantial increases across key metrics compared to FY25.Particulars ( ₹ Cr)FY26FY25Year-on-Year ChangeTotal Income322.64184.3175.05%EBITDA152.5554.64179.17%EBITDA Margin (%)47.28%29.65%1763 Bps...

Paramatrix Technologies Announces Audited Financial Results for FY and Half Year 2026 Paramatrix Technologies Limited announced its audited financial results for the half year and the full financial year ended March 31, 2026, on May 22, 2026. The Company’s Board of Directors approved the financial outcomes, which included the submission of the results along with the audit report from M/s. E. A. Patil & Associates LLP, Chartered Accountants, the statutory auditors.The financial results provide comprehensive data for both standalone and consolidated performance, reflecting various corporate activities during the fiscal period.Standalone Financial Overview The audited Standalone Statement of Assets and Liabilities for the Company shows...

Prostarm Info Systems Approves FY2026 Financial Results and Appoints Key Management Personnel Prostarm Info Systems Limited announced key outcomes from its Board meeting held on May 22, 2026. The board approved the audited standalone and consolidated financial results for the Quarter and Financial Year ended March 31, 2026. The company also approved several major corporate actions and appointments of senior management and auditors.Financial Results and Audit Confirmation The company released its audited financial results for the Quarter and Financial Year ended March 31, 2026. The independent auditor, Mansaka Ravi & Associates, issued an audit report with an unmodified opinion on the Standalone Financial Results for the period.The...

Grand Continent Hotels Announces FY26 Audited Financial Results and Appoints New Statutory Auditors Grand Continent Hotels Limited announced the outcomes of its Board of Directors meeting held on May 22, 2026, alongside the release of its Annual Audited Standalone and Consolidated Financial Results for the year ended March 31, 2026. The Board meeting approved the audited financial statements, which received an unmodified opinion from the Statutory Auditors.The company also announced key appointments for its internal and secretarial audit functions for the current financial year.Financial Performance Highlights The audited financial results provide a comprehensive view of the company's financial health across the year ended March 31...

Quicktouch Technologies Confirms Revised Date for Company Secretary’s Departure Quicktouch Technologies Limited has announced a revision regarding the relieving date of its Company Secretary and Compliance Officer, Ms. Preeti Sharma. The company confirmed that her last working day has been updated.According to the internal communication, the revised relieving date for Ms. Sharma is now set for May 27, 2026, at the close of business hours. This date replaces the previously mentioned date of May 26, 2026.Ms. Preeti Sharma, who holds the designation of Company Secretary and Compliance Officer at Quicktouch Technologies Limited, confirmed her consent to this revision in writing. This update pertains to her resignation submitted on May...

Composite Scheme of Arrangement Becomes Effective for Gabriel India Limited The Composite Scheme of Arrangement involving Gabriel India Limited, Anchemco India Private Limited, and Asia Investments Private Limited has become operative as of May 22, 2026.The arrangement was previously sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, via its Order dated May 11, 2026.The Scheme encompassed Anchemco India Private Limited (formerly known as Andasia Private Limited) and Asia Investments Private Limited. Gabriel India Limited serves as the Resulting Company in this transaction.Effective from May 22, 2026, the terms of the Scheme took effect, leading to two primary corporate changes.Under Part C of the Scheme, the...

TVS Supply Chain Solutions Limited Files Appeal Before Income Tax Commissioner TVS Supply Chain Solutions Limited has filed an appeal before the Commissioner of Income Tax (Appeals). The appeal addresses an order issued under Section 143(3) read with Section 144C(3), specifically contesting the disallowance of claimed expenses and variations in transfer pricing adjustments.The dispute is with the Assessment Unit, Income Tax Department, and the litigation has been filed with the Commissioner of Income Tax (Appeals).According to the details of the dispute, the quantum of claims amounts to ₹ 8.99 crores.Regarding the expected financial implications, the Company stated that, based on its merits, the tax demand is not expected to have...

Manomay Tex India Approves Acquisition of Renewable Energy Capacity and FY Results Manomay Tex India Limited announced key outcomes from its Board of Directors meeting held on May 22, 2026. The Board approved the company's audited financial results for the quarter and year ended March 31, 2026, alongside a significant share purchase agreement to bolster its renewable energy capabilities.The company approved a share purchase agreement to acquire a 26.00% stake in LOV SMART RJ1 PRIVATE LIMITED. This acquisition targets LOV SMART RJ1 PRIVATE LIMITED, an entity engaged in the generation and transmission of renewable energy. The move is designed to enhance the captive renewable energy capacity of up to 13.65 MW (DC) for Manomay Tex India's...

Eicher Motors Announces Strong Financial Results, Reports Record Sales and Major Expansion Plans Eicher Motors Limited (EML) has announced its audited consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported record performance, marking significant growth in revenue, profit, and motorcycle sales across its key segments.For the full year FY 2025-26, Eicher Motors achieved a substantial Revenue from operations of ₹ 23,408 crores, a 24% year-over-year (YoY) increase. EBITDA reached ₹ 5,785 crores, reflecting 23% growth, while Profit After Tax (PAT) rose 17% YoY to ₹ 5,515 crores.Quarterly and Full Year Financial Snapshot The company reported strong growth metrics for both the final...

Worth Peripherals Limited: Promoter Acquires 6,391 Equity Shares Worth Peripherals Limited announced that Mr. Raminder Singh Chadha, the Company’s Promoter, Chairperson, and Whole-Time Director, has acquired equity shares of the Company through an open market transaction.The Promoter, Mr. Raminder Singh Chadha, acquired 6,391 equity shares.The transaction is reported as an open market purchase by Mr. Chadha. The Company noted that the acquisition was conducted within prescribed limits and is in line with general corporate governance practices.WORTHPERI Stock Price Movement Shares of Worth Peripherals Limited today slipped by 2.79% to settle at ₹135.59. The stock finished the session on a total traded volume of 4,964 shares.

Laxmi Cotspin Approves Audited Financial Results for March Quarter Laxmi Cotspin Limited announced the outcome of its Board of Directors meeting held on May 22, 2026. During the meeting, the Board considered and approved the audited Standalone and consolidated Financial Results of the company for the Quarter/Financial Year ended March 31, 2026, along with the Limited Review Report issued by the statutory Auditors.The company, which operates in the cotton business, provided comprehensive financial statements covering the period ended March 31, 2026.Financial Performance Highlights The consolidated financial statements provide details on the company's performance, as shown below:Consolidated Statement of Profit and Loss The...

Prostarm Info Systems Limited Appoints Key Executives as Senior Management Personnel Prostarm Info Systems Limited announced on May 22, 2026, that its Board of Directors, following recommendations from the Nomination and Remuneration Committee, approved the appointment of two key professionals as Senior Management Personnel (SMPs). The appointees are Mr. Ajay Satish Rao and Mr. Prateek Srivastava.The appointments, effective May 22, 2026, designate Mr. Ajay Satish Rao as Vice President - Operations and Mr. Prateek Srivastava as Business Unit Head. Both roles are established as full-time employment positions.The company provided detailed profiles outlining the extensive experience of both executives.A summary of the appointments and...

Jindal Drilling Announces Financial Results for FY 2026, Recommends Dividend of INR 1.00 per Share Jindal Drilling And Industries Limited announced key outcomes from 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 the full financial year ended March 31, 2026.During the board meeting, the company also recommended a dividend of 20% on equity shares, amounting to INR 1.00 per equity share (face value of INR 5 each), for the financial year 2025-26. This dividend is subject to the approval of the members at the forthcoming Annual General Meeting.In matters of corporate governance, the board re-appointed M/s P L Gupta & Co...

Pudumjee Paper Products Records Revenue While Investing in Solar Capacity Pudumjee Paper Products Limited reported its financial performance for the Quarter and Year ended March 31, 2026. The company maintained steady revenue performance, while successfully completing a major capital expenditure program focused on sustainable power generation and plant modernization.In terms of revenue, the company achieved Rs. 807.88 crores, compared to Rs. 809.08 crores in the previous year. Management noted that the revenue stability was achieved through the handling of a larger tonnage of paper by 1675 MT. This performance was coupled with a strategic reduction in the average net sales realization of paper per MT, allowing the company to pass on...

Home First Finance Recommends Final Dividend of INR 5.20 per Equity Share for FY26 Home First Finance Company India Limited announced that its Board of Directors recommended a final dividend of INR 5.20 per equity share for the fiscal year 2026 (FY26). The recommendation was made during a board meeting held on Wednesday, May 06, 2026.The dividend is subject to receiving approval from the company's shareholders at the forthcoming 17th Annual General Meeting (AGM), which is scheduled for Wednesday, June 24, 2026.To determine the eligibility of equity shareholders for the proposed dividend, the company set the record date as Friday, May 29, 2026.Should the dividend be approved by the shareholders at the AGM, the payment is slated to...