Markets

Viviana Power Tech Limited Receives In-Principle Approval to Migrate Shares from SME Platform to Main Board Viviana Power Tech Limited has received in-principle approval for the migration of trading in its equity shares from the SME Platform (EMERGE) to the Main Board, according to communications received from the National Stock Exchange of India (NSE).The NSE granted the in-principle approval regarding the proposed migration of trading in the company's equity shares. The development marks a significant milestone for the company's listing status, enabling its trading move from the specialized SME platform to the main exchange board.The approval details concern the transfer of 10,124,800 equity shares, each having a face value of Rs...

Power Mech Projects Reports 16% Y-o-Y Growth in 12-Month Revenue, Secures Strong Order Book Power Mech Projects Limited has reported its financial results for the quarter and year ended March 31, 2026, highlighting sustained growth momentum and a robust order book across its power and infrastructure services. The company showcased significant year-over-year increases in revenue and EBITDA for the twelve-month period.The company remains positioned as a leading industrial and infrastructure services provider, leveraging its integrated and diversified business model across multiple complementary segments: Erection, Testing & Commissioning, Operations & Maintenance (O&M), Civil Construction, and Mining, Development & Operations (MDO)...

Jaiprakash Associates Completes Major Transactions and Restructures Capital as Resolution Plan Moves to Effective Date Jaiprakash Associates Limited (JAL) announced key operational and structural changes following the Monitoring Committee's meeting on May 21, 2026, marking the advanced implementation of the Approved Resolution Plan. The meeting facilitated the consummation of major sale transactions, approved a significant allotment of equity shares to Adani Infra India Limited (AIIL), and finalized the company’s capital structure.During the proceedings of the fourth Monitoring Committee (MC) Meeting held on May 21, 2026, the company reported that the sale transactions with Adani Power Limited and Adani Ports and Special Economic Zone...

Engineers India Limited Announces Financial Results and Recommends Final Dividend for FY 2025-26 Engineers India Limited (EIL) announced the outcomes of its Board of Directors meeting held on May 21, 2026. During the meeting, the Board approved the audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026, along with the audited results for the quarter ended March 31, 2026.The Board of Directors also recommended a final dividend of ₹2.50 (Rupee two and fifty paisa only) per share on the equity shares for the financial year 2025-26. This final dividend, which is subject to the approval of the shareholders at the ensuing Annual General Meeting, is in addition to the interim dividend of ₹2.50 per...

Wakefit Innovations Announces FY26 Results, Reports 16.9% Revenue Growth Wakefit Innovations Limited, India’s D2C home and furnishing solutions provider, announced its audited financial results for the quarter and financial year ended March 31, 2026. The company provided key updates on its financial performance, operational metrics, and future growth strategies.Financial Results for Q4FY26 and FY26 The financial results highlight the company’s revenue growth and profitability across both the quarterly and full-year periods.For the quarter and year ended March 31, 2026, key financial metrics (in INR mn) were as follows:Particulars (INR mn)Q4FY26Q4FY25YoYFY26FY25YoYRevenue from Operations3,436.03,026.113.5%14,889.412,736.916.9%...

Allcargo Terminals Reports 46% Year-on-Year Growth in FY26 Net Profit; Volumes Rise to 7.23 Lakh TEUs Allcargo Terminals Limited announced its financial results for the fiscal year ended March 31, 2026. The company reported a consolidated net profit of ₹44 crore in FY26, marking a significant 46% year-on-year growth. Furthermore, EBITDA increased to ₹1 62 crore, reflecting a 26% year-on-year rise.Annual volumes also showed healthy growth, increasing to 7.23 lakh TEUs, a 7% year-on-year increase.Financial Summary for Fiscal Years The consolidated financial results highlight the growth across key metrics for FY26 compared to FY25.Particulars (in ₹ Crs)Q4FY26Q4FY25Y-o-Y (%)FY26FY25Y-o-Y (%)Revenue20818612%8217588%...

SPR Auto Technologies Fully Utilizes Funds from NCD Issuance; No Deviation Reported SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, has confirmed the complete utilization of proceeds raised from its Non-Convertible Debentures (NCDs). The company stated that the funds were used in compliance with the objects defined in the Key Information Document dated February 17, 2026.The company issued two series of debentures through a private placement: Series I Debentures and Series II Debentures, both having a face value interest rate of 7.30% and 7.35%, respectively.According to the details provided, the funds were raised on February 23, 2026, and were fully utilized against their raised amounts.A table detailing...

Allied Digital Services Limited Reports Highest Ever Annual Revenues in FY26 Allied Digital Services Limited (ADSL), a global IT Services and Solutions Provider, has reported its financial results for the fourth quarter and financial year ended March 31, 2026. The company announced record annual revenues for FY26, demonstrating strong performance across key operational areas.Consolidated Financial Performance ADSL reported a significant performance uplift in Q4 FY26, marked by robust year-on-year growth across key metrics.The consolidated financial data for the last three years is presented below:Metric (In Rs. Cr)Q4 FY26Q3 FY26Q4 FY25YoY GrowthFY26FY25YoY GrowthRevenue26824720431%96880720%EBITDA*32312812%1129914%...

Prestige Estates Posts Strong FY26 Performance, Achieving Highest Ever Revenue and Doubling Profit Bengaluru, May 21, 2026: Prestige Estates Projects Limited announced its financial results for the quarter and the year ended March 31, 2026. The company reported strong growth across key financial metrics, attributing the performance to robust project execution, sustained customer demand, and healthy operational momentum across major markets.The company noted that for FY26, sales reached Rs 3,00,245 million, with collections amounting to Rs 1,85,146 million, figures that underscore continued demand strength and robust cash flow generation across its development portfolio.Financial Highlights Overview Prestige Estates reported...

Gem Aromatics Announces Sequential Improvements in Financial Performance and Operational Updates Gem Aromatics Ltd., a manufacturer and exporter of essential oils and aroma chemicals, announced its un-audited financial results for the quarter and audited financial results for the Full Year ended March 31, 2026. The company, a provider of specialty ingredients and value-added derivatives, reported performance improvements driven by recovering domestic and global demand.Gem Aromatics Ltd. is a well-established player in the specialty ingredients market, with a diverse portfolio exceeding 80 products covering Mint & Mint Derivatives, Clove & Clove Derivatives, and various synthetic and natural ingredients. These products cater to...

Ashoka Buildcon Reports Q4 FY26 and FY26 Results; Announces Key LOAs and Order Book Details Ashoka Buildcon Limited, an integrated EPC, BOT, and HAM player, announced its audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The company also announced several major contract wins and operational updates across multiple international and domestic projects.Financial Performance Review For the fiscal year 2026, the company reported key financial figures, with standalone results highlighting a 63% increase in Profit After Tax year-over-year (Y-o-Y).The standalone financial performance for the quarter and full year ended March 31, 2026, is detailed below:Particulars (Rs. Crs.)Q4...

Adani Enterprises Completes Implementation of Jaiprakash Associates Resolution Plan Adani Enterprises Limited announced the implementation of the Approved Resolution Plan for Jaiprakash Associates Limited (JAL). The plan was implemented on May 21, 2026, by certain implementing agencies.The resolution plan pertains to Jaiprakash Associates Limited, a company that was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Adani Enterprises Limited submitted the plan for the acquisition of JAL.The successful implementation follows key approvals and milestones. The plan, originally dated October 14, 2025, was reviewed and approved by the Hon'ble National Company Law Tribunal (NCLT)...

Dalmia Bharat Acquires 5.2 MnTPA Cement Capacity from Jaiprakash Associates in Central India Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has executed a Business Transfer Agreement to acquire a significant cement undertaking from Jaiprakash Associates Limited (JAL) and Adani Infra (India) Limited. The acquisition provides DCBL with 5.2 MnTPA cement capacity in the Central region.The Business Transfer Agreement was finalized on May 21, 2026, covering the Cement Undertaking comprised of plants located at Rewa (Madhya Pradesh), Churk, Chunar, and Sadwa (Uttar Pradesh). These assets include a total cement capacity of 5.2 MnTPA and a clinker capacity of 3.3 MnTPA. The total transaction is valued at an...

India Glycols Limited Files Application for Pre-Institution Mediation over Insurance Claim India Glycols Limited has filed an application for Pre-Institution Mediation and Settlement before the Delhi High Court. The legal action concerns the recovery of a significant claim against The New India Assurance Co. Limited.The dispute originated from an insurance policy issued by The New India Assurance Co. Limited to the company, which covered property damage, machinery breakdown, and consequential business interruption at various plant locations of India Glycols.In 2020, the company filed a claim with the insurer regarding damaged machinery and equipment at the Kashipur Plant, which was covered under the said insurance policy. However...

Promoter Announces Proposed Offer for Sale of Central Bank of India Shares The promoter of the Central Bank of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, has announced a significant proposed Offer for Sale (OFS) of the bank's equity shares through the stock exchange mechanism.The Promoter intends to sell shares to achieve the minimum public shareholding as prescribed under relevant regulations. The transaction involves the sale of multiple tranches of shares over two trading days, May 22, 2026, and May 25, 2026.The Offer for Sale covers three main components: the Base Offer Size, the Oversubscription Option, and an Employee Offer.Offer Structure and Share Details The...

Laxmi Dental Reports Consolidated Financial Results for FY26, Noting 21.9% YoY Revenue Growth in Q4 Laxmi Dental Limited, a leading integrated dental products company, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported robust growth figures, particularly noting a 21.9% year-over-year (YoY) increase in revenues for the fourth quarter (Q4FY26).The company’s performance report highlighted both the overall strong revenue trajectory and the positive impact of various operational efforts, despite facing a challenging macroeconomic environment and geopolitical challenges during the fiscal year.Consolidated Financial Results Highlights The audited results for the quarter and full...

Mphasis and ISB Collaborate to Establish 'AI Hub' for AI-Led Research in India Mphasis, a global AI-led, platform-driven technology solutions provider, and the Indian School of Business (ISB) have launched the 'Mphasis AI Hub'. This cross-functional collaboration is aimed at accelerating AI-led research, innovation, and capacity building for both societal and sectoral impact within India.The initiative is significantly supported by the Mphasis F1 Foundation, which will invest approximately INR 20 crore over four years in Phase 1 to advance research and applied AI solutions through the new hub.The dedicated AI research hub at ISB will serve as a platform for interdisciplinary research and multi-stakeholder collaboration. The...

Suraksha Diagnostic Records Healthy Growth, Driven by Increased Test Volumes and Realizations in FY26 Kolkata, 21 May 2026: Suraksha Diagnostic Limited, the largest integrated diagnostic chain in East India, announced its unaudited financial results for the quarter and full year ended 31 March 2026. The company reported robust financial performance, noting that its total income grew by 25% year-on-year and EBITDA grew by 26% year-on-year in Q4FY26.The company’s financial data for the full fiscal year and the fourth quarter paints a picture of consistent growth and network expansion.FY26 Financial Performance Snapshot Analyzing the key financial metrics reveals significant year-on-year growth across the board.ParticularsQ4 FY26Q4...

VL E-Governance & IT Solutions Reports Financial Results for FY 2025-26 VL E-Governance & IT Solutions Limited released its audited financial results and annual statements for the fiscal year ended March 31, 2026. The company provided comprehensive figures detailing its revenue, profitability, balance sheet position, and cash flows for the period.Financial Performance Summary (₹ in Lakhs) The Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026, highlighted the company's operational figures. Total Income for the year ended March 31, 2026, stood at 3,238.79. Year-over-year comparison showed that Total Income for the previous year ended March 31, 2025, was 3,068.86.Expenses recorded for the year ended...

Swelect Energy Systems Announces Financial Results for FY 2026 and Recommends Final Dividend Swelect Energy Systems Limited announced the approval of its financial results for the quarter and year ended March 31, 2026. The company also recommended a final dividend to its shareholders and appointed new auditors for the financial year 2026-2027.The Board of Directors held a meeting on May 21, 2026, and approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended March 31, 2026, and the Audited Financial Results (Standalone and Consolidated) for the Year ended March 31, 2026. The company confirmed that its Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, submitted an unmodified opinion on the Audited...