Markets

Adani Ports' Step-Down Subsidiary Incorporates Wholly Owned Subsidiary in Angola Adani Ports and Special Economic Zone Limited has announced the incorporation of a new subsidiary in Angola, managed through its step-down subsidiaries. The new entity, Astro Ship Management Angola (SU) LDA, was incorporated on May 18, 2026.The establishment of Astro Ship Management Angola (SU) LDA is managed by Astro Middle East Ship Management DMCC, which is itself a step-down subsidiary of Sunrise Worldwide Enterprise Limited.The new entity operates within the Ships Management and Operation industry. Astro Middle East Ship Management DMCC holds 100% shareholding in Astro Ship Management Angola (SU) LDA, making it a wholly owned subsidiary...

Le Travenues Technology Approves FY 2026 Financial Results and Allots Shares via ESOP Schemes Le Travenues Technology Limited announced on May 21, 2026, the approval of its consolidated and standalone financial results for the quarter and financial year ended March 31, 2026. Concurrently, the company approved the allotment of fully paid up equity shares resulting from the exercise of employees' stock options across multiple schemes.Financial Results for FY 2026 The Board of Directors approved the audited financial results for both the quarter and the full financial year ending March 31, 2026. The audited consolidated and standalone financial results provide insights into the company’s performance during the period.For the full...

Seamec Limited Reports Off-Hiring of Vessel 'SEAMEC DIAMOND' Due to Technical Issues Seamec Limited has announced that its vessel, 'SEAMEC DIAMOND', has been off-hired effective May 21, 2026, at 16:00. The decision to off-hire was taken due to technical reasons.The company confirmed the status change of the vessel. Seamec Limited stated that upon the successful redressal of the technical issues, the vessel is expected to return to the field. The company further mentioned that detailed information regarding the resumption of operations will be intimated in due course.SEAMECLTD Stock Price Movement Seamec Limited shares today slipped by 1.50% to settle at ₹1587.1. Trading saw a volume of 77,869 shares, contributing to the stock's...

GMM Pfaudler Approves FY26 Results, Recommends Dividend, and Announces Key Management Appointments GMM Pfaudler Limited announced significant developments following its Board of Directors meeting held on May 21, 2026. The Board approved the Audited Standalone and Consolidated Financial Statements for the quarter and financial year ended March 31, 2026. Furthermore, the Board recommended a final dividend of INR 1/- per equity share for the financial year 2025-26.At the same meeting, the Board also approved the appointment of Mr. Gregory Gelhaus as Group Chief Executive Officer and Key Managerial Personnel, effective May 21, 2026. Additionally, Mr. Ankit Nayyar was appointed as Deputy Chief Financial Officer, designated as Senior...

Corporate Updates: Godrej Consumer Products, FINE ORGANIC, and Others Report Financial Results This report summarizes recent operational and financial updates from various listed companies, including financial results, dividend recommendations, and shareholder announcements.Godrej Consumer Products Limited Godrej Consumer Products Limited confirmed the facilitation for the registration and updation of shareholder email addresses, allowing shareholders to receive corporate communications electronically.Persistent Systems Limited Persistent Systems Limited announced participation in the Investor Education and Protection Fund (IEPF) Authority’s Second 100 Days Saksham Niveshak Campaign. Shareholders are reminded that the deadline for...

Khandwala Securities Announces Audited Financial Results for FY 2026; Reappoints Internal Auditor Khandwala Securities Limited today announced the results of its Board of Directors meeting, which held on May 21, 2026. During the meeting, the Board reviewed and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.In addition to approving the financial results and the associated auditor’s reports, the Board also approved the re-appointment of M/s. Savina & Pooja, Chartered Accountants (FRN: 159362W), as the Internal Auditor for the Financial Year 2026-2027.Financial Results Overview The company released comprehensive financial data detailing its performance across standalone...

Capacit'e Infraprojects Reports Strong Q4 and FY26 Results with Robust Order Book Capacit'e Infraprojects Limited, a construction company providing end-to-end services for residential, commercial, and institutional buildings, announced its financial results for the quarter and year ended March 31, 2026.The company reported several key financial highlights for Q4 FY26 and the full fiscal year 2026.Key Financial Highlights (Consolidated)Particulars ( ₹ In Cr)Q4 FY26Q4 FY25Y-O-YFY26FY25Y-O-YRevenue from Operations7126716%2,6232,35012%EBIDTA1098627%42737913%EBIDTA Margin15.3%12.8% 16.3%16.1%EBIT8493-11%3493422%EBIT Margin11.7%13.3% 13.2%14.2%PAT4553-16%193204-5%PAT Margin %6.2%7.5% 7.3%8.5%Cash...

Megastar Foods Limited Approves Audited Financial Results for Quarter and Financial Year Ending March 31, 2026 Megastar Foods Limited announced on May 21, 2026, that its Board of Directors approved the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.The Company is engaged in the manufacture and sale of wheat products.Financial Performance Overview The financial results provide a detailed view of the company’s performance across the audited periods.Standalone Financial Results The Standalone audited financial results for the quarter and financial year ended March 31...

Carysil's Subsidiary Commences Commercial Production, Boosting Sink Capacity to 2,50,000 Units Annually CARYSIL LIMITED, through its subsidiary Carysilnox Limited (formerly known as Carysil Steel Limited), has successfully commenced the commercial production of additional steel sinks. The expansion, effective May 21, 2026, significantly increases the company's annual manufacturing capacity for stainless steel kitchen sinks.The additional commercial production facility adds 70,000 steel sinks per annum to the existing output. This expansion elevates the total annual manufacturing capacity of stainless steel kitchen sinks from 1,80,000 units per annum to 2,50,000 units per annum.The capacity enhancement aims to meet growing market...

Isgec Heavy Engineering Faces Imposition of Penalty and Customs Duty Demand Isgec Heavy Engineering Limited has confirmed that the Company has been issued an order imposing a penalty and demanding customs duty from the Office of the Commissioner of Customs (NS-V), Maharashtra, INDIA. The order was received on May 20, 2026.The penalties and demands relate to an HSN Classification Issue concerning the goods. The Company had assessed the goods under HSN B6012000, but the Customs Department alleged that the correct classification should have been under HSN 87049012.The official order mandates the payment of a penalty and a demand for customs duty, in addition to applicable interest.Key details regarding the action taken by the customs...

Tata Steel Secures Stay Order from Supreme Court in Input Tax Credit Dispute Tata Steel Limited has received a stay order from the Hon'ble Supreme Court of India regarding a prolonged tax dispute concerning the availing of Input Tax Credit (ITC) under the Central Goods and Services Tax Act, 2017 (CGST).The legal dispute originated with a Demand cum Show Cause Notice issued by the Office of the Commissioner of CGST and Central Excise, Jamshedpur, on June 13, 2025. The notice related to irregular availing of ITC in contravention of the provisions of Sections 16 and 41 of the CGST Act, the Jharkhand Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017, for the period spanning FY2018-19 through FY2020-21...

Prime Cable Industries Releases Audited Financial Results for FY 2026 and H1 2026 Prime Cable Industries Limited (formerly Prime Cable Industries Pvt. Ltd.) announced the approval of its audited financial results for the half year and the full financial year ended March 31, 2026. The company’s Board of Directors considered and approved the financial results, along with the Independent Auditor’s Report on the said period.The company is engaged in the manufacturing of Low Voltage Control Cables, Power Cables, Aerial Bunch Cables, Instrumentation Cables, Housing/Building Wires, and Conductors, and currently operates solely within India.Financial Performance Overview The Standalone Audited Financial Results for the half year and...

RBI Underwriting Auction Signals ₹32,000 Crore G-Sec Sale on May 22; PDs Must Meet New Commitments The Reserve Bank of India (RBI) has announced a major underwriting auction for Government Securities (G-Secs), signaling the sale of ₹32,000 crore worth of debt instruments. The auction is scheduled for May 22, 2026, drawing interest from all Primary Dealers (PDs).This significant issuance will be conducted via an underwriting auction, requiring Primary Dealers to participate in both the Minimum Underwriting Commitment (MUC) and the Additional Competitive Underwriting (ACU) processes.Government Securities Auction Details and Schedule The auction, which utilizes a multiple price-based method, is set for Friday, May 22, 2026. The...

Balu Forge Industries Reports Cessation of Independent Director, Mr. Raghvendra Raj Mehta Balu Forge Industries Limited announced the cessation of Mr. Raghvendra Raj Mehta as an Independent Director. The change occurred after Mr. Mehta attained the age of 75 years.Previously appointed as the Independent Director for a period of five years, the tenure for Mr. Mehta was scheduled to run up to June 29, 2026. However, the director vacated his office on May 06, 2026, due to the statutory requirement upon reaching the age of 75 years.The company confirmed the change in directorship structure. For detailed records, the material facts concerning the director’s cessation have been structured below:ParticularsDetailsName of DirectorMr...

Hexaware Technologies Approves Acquisition of Consulting Professionals Services, Strengthening Client Base Hexaware Technologies Limited announced that its Board of Directors approved an agreement to acquire a client contract along with associated employees from Consulting Professionals Services Holdings Ltd and its subsidiary, Consulting Professionals Services Ltd (CPS). The acquisition will be facilitated through Hexaware Technologies UK Ltd.The target company, CPS, is positioned as a specialist technology consulting and professional services firm. It delivers high-value consulting, covering areas such as regulatory compliance, technology infrastructure, governance and risk, and business transformation. CPS primarily serves a FTSE...

Krystal Integrated Services Limited Announces E-voting for Special Business Approval Krystal Integrated Services Limited, formerly known as Krystal Integrated Services Private Limited, has initiated the process of seeking shareholder approval for special businesses through a Postal Ballot Notice. The company has mandated that all voting must be done exclusively via remote e-voting.The Postal Ballot Notice is available on the Company’s official website, providing detailed instructions for shareholders. Shareholders who do not have their email addresses registered with the Company, Depository, or Registrar to an Issue and Share Transfer Agent are being informed via web link regarding the notice's availability.E-voting Timeline and...

Happy Forgings Limited Announces Financial Results, Dividend Recommendation, and Solar Power Capacity Enhancement Happy Forgings Limited announced the outcomes of its Board Meeting held on May 21, 2026, releasing the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The Board approved the results, which were issued with an unmodified audit opinion by the Statutory Auditors, S R Batliboi & Co. LLP.The company also made key announcements regarding its governance, operational expansion, and dividend recommendations.Financial Results and Audit Confirmation The Board of Directors approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31...

Globe Enterprises Releases Audited Financial Results and Approves Governance Appointments Globe Enterprises (India) Limited today announced that its Board of Directors held a meeting on May 21, 2026, and approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026.The company's financial reporting package also confirmed the appointment of M/s. Mihir Thakkar & Associates, Chartered Accountants, as the Internal Auditor for the Financial Year 2026-2027. Furthermore, the statutory auditors issued a declaration confirming an Unmodified Audit Opinion on the standalone audited financial results for the year ended March 31, 2026.Consolidated Financial Performance Overview The audited...

Sun TV Network Announces Financial Results for the Quarter and Year Ended March 31, 2026 Sun TV Network Limited today announced its financial results for the quarter and year ended March 31, 2026. The company provided both standalone and consolidated financial statements, detailing performance metrics, revenue streams, and profitability.On a standalone basis, the company reported a Total Income of Rs. 941.67 crores for the quarter ended March 31, 2026, compared to Rs. 1,135.86 crores in the corresponding quarter of the previous year. For the full year ended March 31, 2026, the Total Income stood at Rs. 4,637.70 crores, marking a slight increase from Rs. 4,543.96 crores in the previous year.The Profit After Tax (after exceptional...

VA Tech Wabag Announces Financial Results for FY 2025-26 and Recommends Final Dividend VA Tech Wabag Limited announced its financial results for the quarter and financial year ended March 31, 2026, following a Board of Directors meeting held on May 21, 2026. The company also recommended a final dividend, reflecting its operational performance and financial resilience.The Board's announcement highlighted consistent growth in the water technology sector and provided key figures for the recently concluded financial year.Key Financial Results for FY 2025-26 The company reported strong top-line figures for the consolidated total income.MetricConsolidated Figures (Year Ended March 31, 2026)YoY ChangeTotal IncomeRs. 40,385 Mnup 21%...