Markets

Adani Power Ltd Seals Deals to Acquire Power Assets and Stakes in Jaiprakash Group Adani Power Ltd has entered into definitive agreements with Jaiprakash Associates Limited (JAL) for the acquisition of significant power assets and investments, as part of the implementation of the NCLT approved resolution plan for JAL.These agreements cover two primary transactions: the purchase of a stake in a listed entity and the acquisition of operational power generation facilities and related assets.According to the definitive agreements, Adani Power Ltd will execute a Share Purchase Agreement for acquiring a 24% stake in Jaiprakash Power Ventures Limited (JPVL), which is a listed entity held by JAL. Concurrently, the company is acquiring the...

SEBI Unveils Landmark Proposal to Allow Third-Party Payments in Mutual Funds, Revolutionizing Investment Access In a move set to significantly overhaul the mechanics of investing, the Securities and Exchange Board of India (SEBI) has released a consultation paper detailing plans to permit third-party payments in the mutual fund industry. This proposed circular seeks to strike a critical balance between ensuring robust investor protection and facilitating easier, legitimate financial transactions for investors and industry participants.The guidelines aim to partially modify the existing Master Circular for Mutual Funds, which currently mandates that all investment payments must originate directly from the unitholder's bank account...

Rudra Global Infra Products Boards Approve Audited Financial Results for Quarter and Year Ending March 31, 2026 Rudra Global Infra Products Limited announced that its Board of Directors, in a meeting held on May 20, 2026, approved and took on record the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026.The audited results provide a comprehensive view of the company's performance for the quarter and the cumulative period from April 1, 2025, to March 31, 2026.Financial Performance Highlights The financial statements detailed in the report show key income and expense movements for both standalone and consolidated operations.Standalone Financial Results (Rs. in Lakhs) The company...

Reliance Power Limited Assets Provisionally Attached Worth Rs. 407.60 Crore; Company Files Appeal Reliance Power Limited has reported receiving an order from the Adjudicating Authority, PMLA, confirming the provisional attachment of certain company assets. The order, dated May 18, 2026, relates to alleged violations under the Prevention of Money Laundering Act (PMLA).The company confirmed the receipt of the communication from the Adjudicating Authority, PMLA, on May 20, 2026.In the communication, the Adjudicating Authority confirmed the provisional attachment of company assets amounting to Rs. 407.60 crore. The attachment is applicable up to 365 days under the provisions of PMLA, subject to the outcome of further proceedings and...

PB Fintech Invests INR 5 Crore in Wholly Owned Subsidiary PB Marketing PB Fintech Limited has announced an investment of INR 5,00,00,000/- (Rupees Five Crore Only) in PB Marketing and Consulting Private Limited, a wholly owned subsidiary of the company.The investment transaction, categorized as a related party transaction, was executed at an arm's length basis. PB Marketing and Consulting Private Limited, based at Plot No. 119, Sector-44 Gurgaon-122001 (Haryana), has been the core focus of this funding round.Operational Focus and Purpose PB Marketing, which operates in the Stock Broking industry, is a subsidiary of PB Fintech Limited. The investment is intended to support PB Marketing's operational requirements. Specifically, the...

Sansera Engineering Announces FY 2025-26 Results, Recommends Dividend, and Appoints Independent Directors Sansera Engineering Limited announced key corporate and financial updates following its Board of Directors meeting held on May 20, 2026. The company confirmed the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend for the financial year 2025-26.The Board of Directors approved the audited financial results (both standalone and consolidated) for the period ending March 31, 2026, accompanied by an audit report from Deloitte Haskins & Sells, confirming an unmodified opinion on the results.Dividend Recommendation and Governance Updates During the meeting, the Board recommended a...

Vikran Engineering Limited Closes Rs 49.15 Crore Loan Arrangement with Composite Amendment Agreement Vikran Engineering Limited announced the closure of a significant loan arrangement totaling Rs 49.15 Crores. The loan was settled following the execution of a Composite Amendment and Supplement Agreement entered into on May 20, 2026.The agreement was executed among multiple parties, including Vikran Engineering Limited, Onix Renewable Limited, NACOF Oorja Private Limited, and NOPL Solar Projects Private Limited. The purpose of the agreement was the formal closure of the existing loan arrangement.The settlement mechanism involved adjusting the outstanding loan receivable of Rs 49.15 Crores. The total amount was adjusted through two...

Rite Zone Chemcon India Limited Approves Audited Financial Results for Half Year Ended March 31, 2026 Rite Zone Chemcon India Limited announced that its Board of Directors held a meeting on May 20, 2026. During the session, the Board considered and approved the standalone Audited Financial Results, along with the Auditor Reports, for the half year and year ended March 31, 2026. The Board also decided that the appointment of the Internal Auditor would be considered and finalized in a subsequent meeting.The company released its audited financial statements covering the half-year period ended March 31, 2026, and the year-to-date results for the period from April 01, 2025, to March 31, 2026. The statutory auditors expressed an unqualified...

Krishna Defence and Allied Industries Board Approves Dividend, Elects Auditors, and Reviews 2026 Financials Krishna Defence and Allied Industries Limited announced the key outcomes of its Board of Directors meeting held on May 20, 2026. The board meeting approved the audited Standalone and Consolidated Financial Results for the quarter and full financial year ended March 31, 2026.The company also recommended a final dividend and approved the appointment of new auditors and the re-appointment of independent directors.Dividend and Corporate Actions The board recommended a final dividend of Rs. 1.25 per equity share, representing 12.5% on the face value of the equity share of Rs. 10. This dividend is subject to shareholder approval at...

Swelect Energy Systems Transfers Shares in Subsidiary to SYRMA SGS TECHNOLOGY LIMITED Swelect Energy Systems Limited announced the off-market transfer of equity shares held in its subsidiary, ESG Green Energy Private Limited. The transfer occurred following a meeting of the Investment Committee held on May 20, 2026.The company approved the transfer of 17,50,000 equity shares, each with a face value of Rs. 10/-. These shares are held in ESG Green Energy Private Limited and are being transferred to SYRMA SGS TECHNOLOGY LIMITED, which is identified as a proposed group captive consumer within the subsidiary.Following the completion of the share transfer to SYRMA SGS TECHNOLOGY LIMITED, Swelect Energy Systems Limited confirmed that ESG...

Hindalco's Acquisition of AluChem Companies, Inc. Set for New Review Completion Date of July 2, 2026 Hindalco Industries Limited provided an update regarding the ongoing process for the proposed acquisition of AluChem Companies, Inc. The transaction involves Aditya Holdings LLC, a step-down wholly owned subsidiary of Hindalco Industries Limited.The review of this acquisition with the Committee on Foreign Investment in the United States (CFIUS) has been impacted by external factors. Due to a partial shutdown of the U.S. federal government, the statutory timelines under the CFIUS review framework were tolled.Consequently, an additional extension has been afforded for the review. The review completion timeline is now set for July 2...

EPACK Durable Reports Financial Results for Q&FY ending March 31, 2026; Confirms Key Management Appointments EPACK Durable Limited today announced its financial results and updates regarding its governance structure following a board meeting held on May 20, 2026. The company submitted its audited and reviewed consolidated and standalone financial statements for the quarter and full financial year ended March 31, 2026.The company also confirmed several key personnel changes, including the re-appointment of its Managing Director and the re-appointment of Cost Auditors.Financial Results and Audit Findings The company presented its financial performance data, which includes statements of consolidated assets and liabilities, and the...

Finkurve Financial Services Reports 149% AUM Growth, Crosses ₹1,000 Crore Milestone in Q4 FY26 Mumbai, May 20, 2026: Finkurve Financial Services Limited, a leading Tech-first Gold Loan NBFC, announced its unaudited financial performance for the quarter and full year ended March 31, 2026. The company reported significant growth in its Assets under Management (AUM), which expanded by 149% year-over-year (YoY) to reach ₹1,096.1 crore.The financial results showed that total income for Q4 FY26 grew 71.21% YoY, reaching ₹69.21 crore. Furthermore, the Profit after Tax for the quarter increased by 105% YoY.Business and Financial Highlights During the quarter ended March 31, 2026, Finkurve experienced substantial operational growth. The...

MIRC Electronics Approves Grant of 16 Lakh Stock Options Under Employee Plan MIRC Electronics Limited announced the approval of a significant grant of stock options to its eligible employees. The compensation committee of the Board of Directors of the company, during a meeting held on May 20, 2026, authorized the issuance of 16,00,000 stock options under the 'MIRC Electronics Employee Stock Option Plan 2023'.The options were approved for eligible employees of the company, providing each option holder the entitlement to one equity share of Re. 1/- each upon exercise.Key Terms of the Option Grant The detailed terms governing the grant of options under the 'MIRC Electronics Employee Stock Option Plan 2023' were released, providing...

Strides Pharma Science Completes US-FDA Inspection at Bangalore Facility Strides Pharma Science Limited reported that its flagship facility located in Bangalore underwent a routine current Good Manufacturing Practices (cGMP) inspection by the United States Food and Drug Administration (USFDA). The inspection period spanned from May 12, 2026, to May 20, 2026.Following the USFDA's assessment, the company noted that a Form 483 was issued, detailing five observations.Strides Pharma Science Limited confirmed that it will prepare a formal response to these observations within the time stipulated by the USFDA. The company stated it will provide further updates on the matter should any developments occur.STAR Stock Price Movement On...

Anuh Pharma Reports Financial Results for March 2026; Total Revenue Reaches 77,601.30 Lakh Anuh Pharma Limited released its audited financial results for the quarter and year ended March 31, 2026. The company reported total revenue of 77,601.30 Lakh for the year, a slight dip compared to the previous year's figure of 66,151.49 Lakh. The Profit After Tax stood at 4,104.61 Lakh for the financial year ended March 31, 2026.According to the financial statements, the company’s Total Comprehensive Income for the period ended March 31, 2026, was 1,138.80 Lakh.Quarterly Financial Performance Summary The company’s financial performance is detailed below, comparing the results for the three months ended March 31, 2026, against the same period...

Veedol Corporation Limited Approves 1100% Dividend and Announces Management Changes for FY 2026 Veedol Corporation Limited, previously known as Tide Water Oil Co. (India) Limited, announced significant corporate decisions and released its audited financial results for the fiscal year ended March 31, 2026. The company's Board of Directors held its 354th meeting on May 20, 2026, where it approved annual financial statements and recommended a substantial final dividend.Financial Performance and Dividend Recommendation At the meeting held on May 20, 2026, the Board approved the Statement of Standalone Profit and Loss Account for the financial year ended March 31, 2026, along with the Standalone Balance Sheet and the report of the Auditors...

Hexaware Technologies Acquires Consulting Professionals Services to Boost AI and Cloud Capabilities Hexaware Technologies, a global IT services and solutions provider, announced on May 20, 2026, that it has entered into an agreement to acquire Consulting Professionals Services Holdings Limited. The acquisition includes the subsidiary, Consulting Professionals Services Limited (CPS). The transaction is anticipated to close within the next two weeks.CPS is a specialist technology consulting and professional services firm with primary operations in the United Kingdom and the United Arab Emirates. The company delivers high-value consulting services across areas such as regulatory compliance, technology infrastructure, governance and risk...

EPACK Durable Reports Q4 and Full Year FY26 Results, Navigating RAC Slowdown Amid Strong Diversification Growth EPACK Durable Limited, a leading manufacturer of living appliances, announced its financial results for the fourth quarter and the full financial year ended March 31, 2026. The company provides a diverse portfolio spanning Room Air Conditioners (RAC), Small Domestic Appliances (SDA), Large Domestic Appliances (LDA), and various components.The consolidated financial results for the quarter and the full year reflected varying performances across different segments, with declines noted in the RAC business but strong growth observed in the component and SDA/LDA segments.Financial Performance Highlights The company reported two...

Embassy Developments Records Record Pre-Sales, Targets INR 6,000 Cr for FY27 Embassy Developments Limited reported a robust performance for the financial year ending March 31, 2026, noting record pre-sales growth and setting an ambitious target for the following fiscal year. The company highlighted strong market acceptance for its recent launches, while simultaneously securing favorable outcomes in major legal matters.The Managing Director of Embassy Developments Limited stated that Q4 FY26 marked a defining period for the company. Pre-sales for the quarter reached approximately INR 2,632 Cr, marking an 89% quarter-over-quarter growth. For the full fiscal year, pre-sales stood at INR 4,631 Cr, reflecting a significant 128%...