Markets

Vodafone Idea to Acquire 26% Stake in Renewable Energy Company for Captive Power Plant Vodafone Idea Limited has announced that it has entered into a Power Purchase Agreement and a Share Purchase Agreement for the acquisition of a significant stake in a green energy vehicle. The transaction aims to support the company's renewable energy portfolio by securing a captive power plant.The acquisition involves acquiring not less than 26% paid-up equity share capital in MTK Quantum Green Energy Pvt. Ltd., a special purpose vehicle established for owning and operating the captive power plant.The objective of the move is two-fold: to comply with regulatory requirements for captive power plants under the provisions of the Electricity Act...

Agi Infra Limited Approves Final Dividend, Re-appoints Auditors, and Releases FY26 Financial Results Agi Infra Limited announced key outcomes from its Board of Directors meeting held on May 20, 2026. The board approved the audited financial results for the quarter and the year ended March 31, 2026, along with the corresponding Auditors' Report.The company also recommended a final dividend of Re. 0.20/- (20%) per equity share of face value of Re. 1/each for the financial year ended March 31, 2026. This dividend recommendation remains subject to the approval of shareholders at the ensuing Annual General Meeting (AGM).Key board decisions included the re-appointment of M/s Ashwani Kant & Associates, Chartered Accountants, as Internal...

Sheel Biotech Limited Executes MoU with ICAR-CISH for 'Fruit Horizon' Program Sheel Biotech Limited has formalized a partnership with the Indian Council of Agricultural Research (ICAR) - Central Institute for Subtropical Horticulture (CISH), Lucknow. The Memorandum of Understanding (MoU) under the "Fruit Horizon" program was formally executed on May 20, 2026.The collaboration, which initially signed on May 7, 2026, involves efforts related to technology commercialization. The details of the partnership were presented by Dr. Anju Bajpai, Principal Scientist & Head, Division of Crop Improvement & Biotechnology.This strategic MoU between Sheel Biotech Limited and ICAR-CISH is anticipated to significantly enhance the company's strategic...

Park Medi World Subsidiary Incorporates Healplus Medical Services for Expansion in Healthcare Sector Park Medi World Limited has announced the incorporation of a new wholly owned subsidiary, Healplus Medical Services Private Limited. This venture is being established by Park Medicenters and Institutions Private Limited, a subsidiary of Park Medi World Limited.The new entity, Healplus Medical Services Private Limited, received its Certificate of Incorporation from the Ministry of Corporate Affairs on May 20, 2026. The strategic move aims to help Park Medi World expand and diversify its existing business operations within the healthcare services sector.The step down subsidiary is positioned to establish and manage the retail and...

H.G. Infra Engineering Suspends Two MSRDC Projects from Executable Order Book Amid Uncertainty H.G. Infra Engineering Limited announced an update on projects awarded by the Maharashtra State Road Development Corporation (MSRDC). Following the return of bank guarantees related to two major expressway packages, the company has decided to exclude these projects from its executable order book until clarity emerges from MSRDC.The developments relate to projects for the Construction of Nagpur-Chandrapur Access Controlled Super Communication Expressway in the State of Maharashtra. The company had previously been declared the L1 bidder by MSRDC for these specific packages.The details of the two packages are as follows:Project...

KRN Heat Exchanger's Subsidiary Receives RIPS-2024 Approval for Neemrana Plant KRN Heat Exchanger And Refrigeration Limited has announced that its wholly owned subsidiary, KRN HVAC Products Private Limited, has secured approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant.The approval is expected to provide significant fiscal benefits to the Neemrana facility. KRN Heat Exchanger And Refrigeration Limited stated that the recognition under the scheme grants the company specific financial incentives, enhancing the plant's operational structure and market standing.The details of the incentives received under the Rajasthan Investment Promotion Scheme are as follows:Incentive CategoryRate /...

Teamlease Services Announces Buyback of Securities Up To ₹238 Crores Teamlease Services Limited announced that its Board of Directors approved a buyback of its own equity shares. The proposal involves acquiring up to 14,87,500 Equity Shares from its Shareholders/Beneficial Owners.The Board of Directors approved the buyback during a meeting held on May 20, 2026. The buyback offer is structured to be executed on a proportionate basis through a tender offer route.The company proposes to buy back the securities at an offer price of ₹ 1,600 per Equity Share, payable in cash. This transaction is anticipated to raise an aggregate amount not exceeding ₹ 238 Crores.This buyback of equity shares, with a face value of ₹10 per share...

Transworld Shipping Lines Reports Audited Financial Results for March Quarter and Year End 2026 Transworld Shipping Lines Limited (formerly Shreyas Shipping and Logistics Limited) announced its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, on May 19, 2026. The company provided details on its performance against the backdrop of significant shifts within the global shipping industry.Industry Snapshot and Market Trends The shipping sector demonstrated a deeply fragmented but upward trajectory during the quarter ending March 2026 (Q4 FY25-26). Market operations were influenced by intense geopolitical activity connecting West Asia, Southeast Asia, and the Far East.The industry saw a...

J. Kumar Infraprojects Limited Reports Compliance for FY 2026 in Annual Secretarial Report J. Kumar Infraprojects Limited issued its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report details the company's adherence to various corporate governance and regulatory standards during the review period.The company provided the report detailing its compliance status against established corporate guidelines and regulations. Key areas of compliance, including Secretarial Standards, policy adoption, and website maintenance, were reviewed.The review assessed compliance with guidelines covering the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations...

Urban Enviro Waste Management Postpones Preferential Warrants Issue Amid Market Volatility Urban Enviro Waste Management Limited announced the postponement of its Proposed Preferential Issue of Fully Convertible Warrants. The decision comes after the proposed investors opted not to proceed with the issue at this time, citing prevailing market volatility.The company previously planned the preferential issuance of up to 32,00,000 Fully Convertible Warrants to Promoters and Non-Promoters.Timeline of the Issue Process The company had followed several steps leading up to the proposed issue. These steps included:MilestoneDateDetailsBoard ApprovalMarch 11, 2026Board of Directors approved the proposal.Application to NSEMarch 23...

KRN Heat Exchanger and Refrigeration Limited Receives RIPS-2024 Approval for Neemrana Plant KRN Heat Exchanger and Refrigeration Limited has secured approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant, according to information released on May 20, 2026. This approval is set to provide significant financial incentives and operational benefits to the company's market position in the industry.The approval entitles the company to specific fiscal incentives, detailed as follows:Incentive TypeDetailValueTurnover Linked IncentiveBase Incentive1.40% of Net Sales/TurnoverTurnover Linked IncentiveEmployment Booster10% of Net Sales/TurnoverTotal Turnover Linked Incentive 1.54% of Net...

Radhika Jeweltech Limited Announces Financial Results for Quarter and Year Ended March 31, 2026 Radhika Jeweltech Limited reported its financial results for the quarter and year ended March 31, 2026. The company’s Board of Directors considered and adopted these results during a meeting held on May 20, 2026. The annual financial results for the year ended March 31, 2026, received an Unmodified Audit Opinion from the Statutory Auditors.The financial statements include audited results for the full year and reviewed results for the quarter ended March 31, 2026.Financial Performance Highlights The Statement of Financial Results for the Quarter and Year Ended March 31, 2026, details the company's operational performance across several key...

Parin Enterprises Limited Appoints Secretarial Auditor for Fiscal Year 2025-26 Parin Enterprises Limited, formerly known as Parin Furniture Limited, announced that its Board of Directors appointed M/s. K.P. Rachchh & Co. as the Company's Secretarial Auditor. The decision was made during a Board meeting held on Wednesday, May 20, 2026.During the board meeting, the directors considered and decided the appointment of M/s. K.P. Rachchh & Co., Practicing Company Secretaries, in Rajkot.The scope of the appointment involves the firm issuing a Secretarial Compliance Report for the financial year 2025-26, which concluded on March 31, 2026.The board meeting commenced at 4:30 p.m. and concluded at 5:00 p.m.PARIN Stock Price Movement Parin...

Triveni Engineering & Industries Completes Amalgamation of SSEL Under Scheme of Arrangement Triveni Engineering & Industries Limited announced that the Composite Scheme of Arrangement involving the Company, Sir Shadi Lal Enterprises Limited (SSEL), and Triveni Power Transmission Limited (TPTL) became effective on May 19, 2026. This scheme resulted in the amalgamation of Sir Shadi Lal Enterprises Ltd. (SSEL), which is a subsidiary of Triveni Engg. & Ind. Ltd. (TElL).Following the effectiveness of the scheme, the equity shareholders of SSEL are entitled to receive equity shares of TElL in accordance with a specific share exchange ratio.The share exchange ratio dictates that for every 137 equity shares of the Amalgamating Company...

Ichnos Glenmark Innovation Unveils ISB 2301, a Multispecific Antibody Candidate for Solid Tumors Ichnos Glenmark Innovation, Inc. (IGI), a global clinical-stage biotechnology company, has announced a new development candidate, ISB 2301. The molecule is described as a first-in-class, multispecific immune cells activator designed for the potential treatment of multiple solid tumor indications.ISB 2301 is a next-generation multispecific antibody engineered to target three tumor-associated antigens (TAAs). The drug’s mechanism involves engaging both T cells and Natural Killer (NK) cells, aiming to ignite the immune system and trigger tumor cell death.The therapeutic design of ISB 2301 is rooted in IGI's proprietary BEAT® platform, which...

IGI Reports Strong Performance with 21% Revenue and 21% EBITDA Growth for Q4 2026 International Gemological Institute Limited (IGI), a leading global authority in certification services, reported a strong performance for the quarter ended March 2026. The company stated that its revenues and EBITDA grew by 21% for the quarter, driven by robust growth across its key segments: natural diamonds, lab-grown diamonds, and LGD jewelry.Consolidated revenue from operations for the quarter (January - March 2026) was reported at INR 3,686 Million, alongside an EBITDA of INR 2,360 Million. Profit After Tax (PAT) for the period stood at INR 1,796 Million, representing a 28% year-on-year increase.The company noted that its financial reporting...

OBSC Perfection Limited Reports Audited Financial Results for Fiscal Year Ended March 31, 2026 OBSC Perfection Limited, formerly known as OBSC Perfection Private Limited, announced the approval of its audited financial results and audit report for the Quarter and Year ended March 31, 2026, following a Board Meeting held on May 20, 2026. The company provided comprehensive financial data covering its performance for the fiscal year 2026 and comparative figures for 2025.The financial results and reports were presented to investors, detailing the company's operational performance, balance sheet strength, and utilization of funds raised through share issues.Financial Performance Summary The Statement of Profit and Loss reveals...

Garware Technical Fibres Announces Annual Financial Results and Dividend Recommendation Garware Technical Fibres Limited (GTFL) announced the Board-approved Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, following a Board meeting held on May 20, 2026. The company also made recommendations regarding dividends and key appointments at the meeting.The Board of Directors formally approved the financial results for the quarter and year ended March 31, 2026. The audit report on these statements was prepared by Mehta Chokshi & Shah LLP, and the Board of Directors approved the results.Financial Performance Highlights The company's financial performance details are available in the audited...

Honeywell Automation India Limited Announces FY 2026 Results and Recommends Dividend Honeywell Automation India Limited announced on May 20, 2026, that its Board of Directors approved the Audited Standalone Financial Results for the financial year ended March 31, 2026. The Board also recommended a final dividend to shareholders.The company's Board meeting, held on the date of the announcement, approved the audited financial results and recommended a final dividend of Rs. 110 per Equity Share. This dividend is equivalent to 1,100% of the face value of Rs. 10 per share for the financial year ended March 31, 2026, pending approval from the shareholders at the ensuing Annual General Meeting.Key Financial Performance (All figures in...

Allcargo Terminals Limited Approves Amendment to CEO Stock Option Vesting Schedule Allcargo Terminals Limited has announced an amendment to the vesting schedule of the ATL CEO Employee Stock Option Plan, 2025. The revision was approved by the Company's Nomination and Remuneration Committee (NRC) during a meeting held on May 20, 2026.The CEO ESOP 2025 plan was originally approved by the Board of Directors on August 11, 2025, and subsequently by shareholders at the Annual General Meeting on September 26, 2025. The initial plan provided for the grant of 44,66,335 stock options to the Chief Executive Officer, Mr. Ashish Chandna.The NRC approved the amendment to the vesting schedule under Clause 7.2 of the Plan, resulting in the...