Markets

AU Small Finance Bank Adopts Intellect's Purple Fabric to Accelerate AI-First Banking Journey AU Small Finance Bank Limited (AU SFB) has announced a major collaboration with Intellect Design Arena, a global leader in AI-First, enterprise-grade financial technology. Through this partnership, AU SFB is adopting Intellect's Purple Fabric platform, which is described as the world's first Open Business Impact AI platform. The move is set to accelerate the bank's transformation into an AI-first bank and establish a scalable, technology-led banking franchise powered by enterprise-wide intelligence.The engagement marks a defining moment for enterprise AI adoption within Indian banking. By combining AU SFB's commitment to AI-first ambitions...

Achievers Ventures’ Subsidiary Establishes Raghukul Shradha Realty LLP for Real Estate Activities Active Infrastructures Limited’s subsidiary, Achievers Ventures Private Limited, has formed a new Limited Liability Partnership (LLP). The partnership, named Raghukul Shradha Realty LLP, was incorporated on May 18, 2026, through a joint venture with Raghukul Construction Private Limited.Shradha Realty Limited, which was formerly known as Shradha Infraprojects Limited, is connected to this development, as Achievers Ventures Private Limited is a subsidiary of Active Infrastructures Limited and a step-down subsidiary of Shradha Realty Limited.The new LLP is intended to focus on real estate and allied activities. According to details...

CAMS Report Reveals Women Investors Drive ₹11.3 Trillion in Mutual Fund Assets Computer Age Management Services Limited (CAMS), India's leading registrar and transfer agent for mutual funds, released its 5th edition of 'Going Beyond the Box - Report on Women Investors 2026.' The report provides a data-driven overview of the evolving role of women in India's mutual fund ecosystem, highlighting a notable shift towards disciplined and long-term wealth creation strategies.Drawing insights from CAMS-serviced mutual funds, the report underscores the substantial participation and momentum of women investors. Currently, women account for ₹11.3 Trillion in mutual fund assets under management (AuM). Furthermore, they contributed ₹3.0 Trillion...

Shankara Buildpro Reports Strong Q4 and FY26 Results for Building Materials Market Bengaluru, India, May 19, 2026: Shankara Buildpro Limited, a leading pure-play building materials and home improvement marketplace, announced its financial results for the fourth quarter and the full fiscal year ending March 31, 2026.The company reported strong performance for the fiscal year 2026, driven by significant growth in its steel product segment.Financial Performance Highlights The financial results for the quarter and full year ended March 31, 2026, are detailed below:MetricQuarter Ended March 31, 2026Year Ended March 31, 2026Revenue₹1,996 Cr (20% QoQ)₹6,826 Cr (30% YoY)EBITDA Margin₹42 Cr (28% YoY)₹128 Cr (64% YoY)Management...

BASF India Limited Sets Record Date and Proposed Dividend Payment Timeline BASF India Limited announced the key dates for determining eligibility for its upcoming dividend. The Board of Directors of the company confirmed that Thursday, July 30, 2026, has been fixed as the Record Date for members entitled to receive the dividend.The Board of Directors had convened its meeting on May 19, 2026, to determine these timelines.The company also advised that the dividend, should it receive approval at the Annual General Meeting (AGM), is slated for payment on or after Monday, August 17, 2026.The material dates are summarized below:EventDateConditionRecord Date (Eligibility Check)Thursday, July 30, 2026For determining members...

NCLT Sanctions Composite Scheme of Arrangement for Triveni Engineering and Industries, Sir Shadi Lal Enterprises, and Triveni Power Transmission The National Company Law Tribunal (NCLT) passed a Rectification Order and sanctioned a Composite Scheme of Arrangement involving Triveni Engineering & Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited. The order formalized the amalgamation of Sir Shadi Lal Enterprises Limited into Triveni Engineering & Industries Limited and the subsequent demerger of the PTB Undertaking from Triveni Engineering & Industries Limited to Triveni Power Transmission Limited.The NCLT’s decision, dated May 18, 2026, corrected the initial order dated May 7, 2026, by making...

Exicom Reports Strongest Quarter of FY26, Showing Revival in Standalone and Consolidated Growth Exicom Tele-Systems Limited, a prominent manufacturer in the EV charging and critical power sectors, announced its financial results for the fourth quarter (Q4) and the full financial year (FY26). The company reported significant quarter-on-quarter growth and key operational milestones across both its India and global businesses.Standalone revenue for the full year stood at approximately ₹895 crore, marking a 19% Year-over-Year (YoY) increase. Consolidated revenue reached approximately ₹1,152 crore, showing a robust growth of 33% YoY.The financial performance across the five quarters was summarized as follows:₹...

Ramco Cements Reports Drop of Excise Duty Levy Dispute Matter The Ramco Cements Limited has provided an update regarding its ongoing material litigations, specifically concerning the levy of Excise Duty on bagged cement.The company announced that the matter pending before the Original Authority, which related to the disputed levy of Excise Duty based on the Maximum Retail Price (MRP) for bagged cement, has been dropped. The disputed amount in this specific case was Rs. 66.65 crores.According to the company, the resolution came via an Order dated May 15, 2026. Ramco Cements received the order through email on May 18, 2026.The update further noted that while this major dispute has been resolved, similar disputes with statutory...

Synergy Green Industries Reports Audited Financial Results for FY 2025-26, Outlines 33% Growth Outlook Synergy Green Industries Limited has reported its audited financial results for the full year ended March 31, 2026. The company noted that the financial year marked key strategic transformations, setting the stage for substantial growth visibility in the subsequent fiscal year.In FY 2025-26, Synergy Green Industries achieved several strategic milestones. The company successfully expanded its brownfield foundry capacity from 30,000 TPA to 45,000 TPA. Operational capabilities were also enhanced, raising the largest single piece weight from 23 MT to 30 MT, enabling the production of components up to 5 MW turbines. Furthermore, the...

AU Small Finance Bank Adopts Intellect's Purple Fabric to Accelerate AI-First Banking Transformation Intellect Design Arena Limited, a global leader in AI-First, enterprise-grade financial technology, has announced a major collaboration with AU Small Finance Bank (AU SFB). AU SFB, noted as India's largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, is adopting Intellect's Purple Fabric platform, described as the world's first Open Business Impact AI platform.This partnership aims to significantly accelerate AU SFB's journey toward becoming an AI-first bank, enabling it to build a scalable, technology-led banking franchise powered by enterprise-wide...

Lloyds Engineering Works Limited Announces Merger Scheme Absorption of Three Entities Lloyds Engineering Works Limited (LEWL) has received 'No Objection Certificates' (NOC) for its proposed Scheme of Merger by Absorption. The scheme involves the amalgamation of Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL), and Techno Industries Private Limited (TIPL) into Lloyds Engineering Works Limited.The Company announced the receipt of the 'No Objection Certificate' for the absorption scheme. LEWL received the required 'No Objection Certificate' from the National Stock Exchange of India Limited (NSE) on May 18, 2026, and from BSE Limited on May 19, 2026.This development follows the previous...

OneSource Specialty Pharma Reports Consolidated Financial Results for Fiscal Year Ending March 31, 2026 OneSource Specialty Pharma Limited today released its financial results for the fiscal year ended March 31, 2026, alongside the corresponding quarterly results. The statement details the consolidated performance and financial standing of the Group, including key figures for the quarter and the full year.Financial Performance Highlights (Rs. in Million) The Group recorded consolidated revenue from operations of Rs. 14,215.90 million for the year ended March 31, 2026. This represented a decrease compared to the Rs. 14,448.53 million reported in the previous year.Consolidated Profit/(Loss) before tax for the year was (Rs. 738.03)...

Himadri Speciality Chemical Announces Further Investment in Sicona Battery Technologies Himadri Speciality Chemical Limited, formerly Himadri Chemicals & Industries Limited, has announced a strategic increase in its investment in Sicona Battery Technologies Pty Ltd (Sicona). The investment involves the subscription of Compulsorily Convertible Notes (CCNs).The Company previously informed the public that its Board of Directors had approved further investment in Sicona through the acquisition of CCNs in agreed tranches.In the latest phase of investment, Himadri Speciality Chemical Limited has invested AUD 25,59,000 in cash. This capital facilitated the subscription of 25,59,000 CCNs, each having a face value of AUD 1.00.This new...

J.Kumar Infraprojects Announces FY 2025-26 Results, Recommends Dividend J. Kumar Infraprojects Limited (JKIL) announced the results of its Board Meeting held on Tuesday, May 19, 2026. During the meeting, the Company approved its Audited Standalone and Consolidated Financial Statements for the fourth quarter and the full financial year ended March 31, 2026.The Company also utilized the occasion to recommend a dividend to its shareholders. Furthermore, the designated trading window for JKIL securities was set to re-open on May 22, 2026.Financial Performance Highlights The Board of Directors reviewed and approved the Audited Standalone and Consolidated Financial Statements, alongside the respective Statement of Assets and Liabilities...

Australian Premium Solar Secures Letter of Empanelment for Solar Water Pumping Systems from MSEDCL Australian Premium Solar (India) Limited has received a Letter of Empanelment (LOE) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL), a Government of Maharashtra Undertaking. This contract involves the supply, installation, and commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) for identified farmer sites across Maharashtra.The contract signifies a significant development for the company, expected to enhance its customer base and contribute positively to its profitability.The awarded contract details reveal a substantial scope of work. The total commitment involves 5,000 systems, with...

Indian Emulsifiers Limited Board Approves Rights Issue to Fund U.S. Operations and Strategic Expansion Indian Emulsifiers Limited, a leading manufacturer of specialty chemicals, has received board approval for a proposed Rights Issue of equity shares to its existing shareholders. The capital raise is strategically aimed at supporting the company's U.S. subsidiary, making a disciplined strategic investment, and augmenting working capital for domestic operations.The company's Board of Directors approved the proposal to raise an aggregate amount not exceeding Rupees 51 Crore through the rights issue. Details concerning the issue price, rights entitlement ratio, and record date are expected to be determined and disclosed in due course...

KPI Green Energy Subsidiary Secures 120 MW BESS Project Agreement with GUVNL KPI Green Energy Limited, through its subsidiary Sun Drops Energia Limited, has successfully executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). This agreement covers the development of a self-owned IPP Standalone Battery Energy Storage System (BESS) Project with an aggregate capacity of 120 MW / 240 MWh.The execution of this BESPA, which mandates Sun Drops Energia Limited to develop, own, and operate the Standalone BESS Project, marks a significant step in the company’s renewable infrastructure footprint. The project locations are situated in the State of Gujarat, specifically near the 220kV Gariyadhar...

BlackBuck Limited Approves FY2026 Financial Results and Details Key Corporate Changes BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, announced the outcomes of its Board of Directors meeting held on May 19, 2026. During the meeting, the Board considered and approved the audited financial results for the year ended March 31, 2026, alongside several corporate governance updates.The Board approved the appointment of M/s. Guru & Jana Chartered Accountants (Firm Registration Number: 006826S) as the Internal Auditors of the Company for the Financial Year 2026-27. Additionally, M/s. MOJ & Associates, Chartered Accountants (Firm Registration No. 015425S) were appointed as the Tax Auditors for the same financial year...

Puravankara Reports ₹111 Crore PAT in Q4 FY26; Annual Sales Hit ₹7,407 Crore Puravankara Limited, a prominent real estate developer, today announced its financial results for the quarter ending March 31, 2026, alongside its annual performance for FY26. The company reported a Profit After Tax (PAT) of ₹111 crore in Q4FY26, marking a 226% increase year-on-year.For the full financial year 2026, the company achieved its highest-ever annual sales figure of ₹7,407 crore, representing a 55% jump compared to ₹4,783 crore in the previous year.Financial Performance Review The company's strong momentum was evident across both the quarterly and annual results.In Q4FY26, sales stood at ₹3,547 crore, representing the highest figure recorded in...

EPACK Durable Limited Secures Major Incentives Under Rajasthan Investment Promotion Scheme (RIPS-2024) EPACK Durable Limited has received Entitlement Certificates from the Government of Rajasthan under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its manufacturing facility located in Bhiwadi, Rajasthan.The company has been recognized as a 'Large Category' manufacturing unit under the Electronics System Design & Manufacturing (ESDM) thrust sector category by the Government of Rajasthan.The incentives approved for the Bhiwadi manufacturing facility, which are effective from February 15, 2022, significantly boost the company's operational framework.Key incentives approved include:Incentive TypeBenefit DetailsDuration...