Markets

Strides Pharma Science Reports Strong FY26 Performance with EBITDA at ₹9,253m; Focus on Ex-US Markets Strides Pharma Science Limited has reported a strong performance for the quarter and financial year ended March 31, 2026. The company announced that its EBITDA for FY26 reached ₹9,253m, with Operational Profit After Tax (PAT) climbing to ₹5,181m. Furthermore, the Board recommended a dividend of ₹5 per share for FY26.The company highlighted that its strong profitability and efficiency gains were primarily fueled by the Ex-US markets, which recorded a robust growth of 21% Year-on-Year (YoY).Operational and Profitability Drivers Strides maintained strong growth across profitability, efficiency, and overall metrics during FY26. The...

Slone Infosystems Announces Financial Results and Recommends Dividend for FY 2026 Slone Infosystems Limited, formerly Slone Infosystems Private Limited, announced its outcomes following the Board of Directors meeting held on May 18, 2026. The board approved the audited financial results for the half year and for the full financial year ended March 31, 2026, and recommended a dividend to shareholders.The company's board meeting, held on Monday, May 18, 2026, approved the audited financial results for the half year and the year ending March 31, 2026, alongside the independent auditors' report. Furthermore, the board recommended a dividend for the financial year ending March 31, 2026, at a rate of 6%, equivalent to Re. 0.6/- per Equity...

Rishabh Instruments Announces Final Dividend and Financial Results for FY26 Rishabh Instruments Limited announced key corporate outcomes following its Board of Directors meeting held on May 18, 2026. The board approved the Audited Financial Results for both the standalone and consolidated levels for the quarter and year ended March 31, 2026.During the meeting, the board also recommended a final dividend of Rs. 2/- (20%) per equity share, on the face value of Rs. 10 each, for the financial year ended March 31, 2026. This dividend declaration is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).The company also made appointments for the financial year 2026-27. M/s. Rajendra P. Shah & Co...

Tera Software Limited Reports Audited Financial Results for FY and Q ended March 31, 2026 Tera Software Limited announced that its Board of Directors met on May 18, 2026, and approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, along with the audit reports from the Statutory Auditors. The company reported that its statutory auditors issued the audit reports with an unmodified opinion on the Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.Financial Performance Highlights The company released comprehensive financial statements detailing its performance across both standalone and consolidated segments.Standalone Financial...

Grace Thomas Resigns as Non Executive and Non Independent Director of Reliance Communications Limited Reliance Communications Limited announced the resignation of Smt. Grace Thomas from the position of Non Executive and Non Independent Director. The resignation was effective May 14, 2026, due to personal reasons.The company confirmed that Smt. Grace Thomas, bearing DIN 07079566, has resigned from the role of Non Executive and Non Independent Director. The resignation was conveyed through a letter dated May 14, 2026.The specific details regarding the change in directorship are as follows:Particulars DetailsDirector Resigning Smt. Grace Thomas (DIN: 07079566)Position Non Executive and Non Independent DirectorReason for...

HDB Financial Services Allots Rs 3,00 Crore Worth of NCDs via Private Placement HDB Financial Services Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment, finalized during a committee meeting on May 18, 2026, involved the issue of 30,000 NCDs.The total face value allotted to investors amounts to Rs 3,00,00,00,000/-. Each debenture has a face value of Rs 1,00,000/-.The company stated that the debentures are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited.Key Details of NCD Allotment The NCDs feature a tenure of 1096 Days and were allotted on May 18, 2026. They are scheduled to mature on May 18, 2029.The instrument offers...

Tega Industries Boards Approval for INR 15,000 Crores Facility and $5 Million Investment Tega Industries Limited announced that its Board of Directors, at a meeting held on May 18, 2026, approved two major financial actions designed to facilitate its proposed expansion and acquisition activities. The company approved securing a substantial borrowing facility and making a strategic investment in its subsidiary, Tega MC Investment Pte. Ltd.The primary goal of the financing is to support the proposed acquisition of Molycop.Approval of Borrowing Facility The Board approved the proposal to secure a borrowing facility, referred to as the 'Facility', from Standard Chartered Bank and several other banks and financial institutions. The...

Chavda Infra Board Addresses NSE Fine Following Quarterly Compliance Lapse Chavda Infra Limited, at its Board meeting held on May 18, 2026, placed on record its comments regarding a fine levied by the National Stock Exchange (NSE) of India for a lapse in regulatory compliance concerning the submission of financial results.The Board took note of a notice dated March 17, 2026, received from the NSE regarding non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This notice pertained to the delayed submission of un-audited standalone/consolidated financial results for the quarter ended December 31, 2025.Details of the Non-Compliance The records confirmed a delay of twelve...

Amir Chand Jagdish Kumar Announces Audited Consolidated and Standalone Financial Results for Year Ended March 31, 2026 Amir Chand Jagdish Kumar (Exports) Limited announced on May 18, 2026, that its Board of Directors met and approved the Audited Consolidated and Standalone Financial Results for the quarter and financial year ended March 31, 2026. The company also confirmed that the Statutory Auditors issued an audit report with an unmodified opinion on the results.During the board meeting, the company also approved the re-appointment of M/s KARS & Co., Chartered Accountant, as the Internal Auditor for the financial year 2026-27.The company provided comprehensive financial data for both standalone and consolidated results, alongside...

Zydus Wellness Limited Appoints Independent Director, Recommends Final Dividend of ₹1.20 Per Share Zydus Wellness Limited, in a meeting held on May 18, 2026, approved key corporate actions, including the appointment of a new Independent Director and the recommendation of a Final Dividend for its shareholders.The Board of Directors approved the appointment of Mr. Apurva S. Diwanji (DIN: 00032072) as an Additional Director (Non-Executive & Independent Director) of the Company. His tenure spans five years, effective from May 18, 2026, until May 17, 2031, and he will not be liable to retire by rotation.Mr. Diwanji holds a Master of Arts in Law from Downing College, Cambridge University, UK, and a Bachelor of Arts (Economics) from St...

Subsidiary Executes Concession Agreement for Nasarpore Malotha Highway Project G R Infraprojects Limited has announced that its wholly owned subsidiary, Nasarpore Malotha Highway Private Limited, successfully executed a concession agreement with the National Highways Authority of India on May 18, 2026.This development pertains to a major infrastructure project involving the upgrade of a key highway section in Gujarat.The project details, including the scope, estimated cost, and timeline, are as follows:S. No. Project Description Estimated Project Cost (INR in Crores) Mode Completion Period & Operation Period1 Upgradation of Existing Two - Lane Carriageway to Four Lane Divided Carriageway from Ch. 208+90 (Existing Km. 535.93)...

GRP Limited Releases Audited Financial Results for FY26; Progress Stalled on Key Gujarat Highway GRP Limited announced the publication of its audited standalone and consolidated financial results for the quarter and the financial year ending March 31, 2026. The results were made available to the public on Sunday, May 17, 2026, through both the English newspaper Financial Express and the Gujarati newspaper Gujarat Mitra.***Infrastructure Concerns Surface on Major Gujarat Road Link In the Nathoda-Velacha-Moti Naroli corridor, residents are expressing growing frustration over the stalled construction of a vital road. The proposed highway linking Hathoda, Velacha, Moti Naroli, and Moto Borasra to Kimne has been deemed crucial for the...

Zydus Wellness Reports Strong Growth, Sees Net Sales Up 62.1% in Q4 FY26 Zydus Wellness Limited reported robust financial results for the fourth quarter and the full fiscal year (FY) 2026, with consolidated Net Sales rising by 62.1% in Q4. The company also announced annual Net Sales of Rs. 39,400 million for FY 26, marking a year-on-year growth of 46.4%.For the period, the company's EBITDA stood at Rs 5,097 million, representing a 34.2% year-on-year growth. Profit After Tax (PAT) for FY 26 was reported at Rs. 1,972 million.The strong performance was attributed to the post-acquisition performance of newly added businesses.Key Segment and Product Highlights The company showcased double-digit growth and market leadership across...

VRL Logistics Reports Audited Financial Results for Year Ended March 31, 2026 VRL Logistics Limited announced the audited financial results for the quarter and year ended March 31, 2026, following the Board of Directors' meeting held on May 18, 2026. The Company also provided its Balance Sheet and Cash Flow Statement for the corresponding periods.The audit of the financial results for the year ended March 31, 2026, confirmed the statement presents a true and fair view of the Company's financial standing.Financial Results Overview (in lakhs) The Company's financial results for the fiscal year ended March 31, 2026, show the following key figures compared to the previous year:Metric Quarter Ended 31.03.2026 Quarter Ended 31.12.2025...

Invicta Diagnostic Releases Standalone and Consolidated Financial Results for March 31, 2026 Invicta Diagnostic Limited reported its audited financial results for the half year and financial year ended March 31, 2026. The company announced the approval of its Standalone and Consolidated Financial Statements, alongside detailed reports on its cash flow and utilization of funds raised through the Initial Public Offer (IPO).The financial results provide a comprehensive view of the group’s performance, encompassing data from multiple subsidiaries and associate entities.Financial Statement Highlights The company provided audited financial results for both Standalone and Consolidated entities. The financial statements are presented in...

Marine Electricals Secures New Orders Valued at Rs 208.72 Crores Marine Electricals (India) Limited has announced that it has received new orders totaling Rs 208.72 crores (Excluding Taxes). The contracts involve supplying critical industrial systems to major infrastructure and maritime entities.The company secured two significant orders. One major contract was received from Adani Infra (India) Limited for the supply of a power distribution system, with delivery scheduled over a period of 12 to 14 months. The second order comes from Udupi Cochin Shipyard Limited for the supply of an Alarm Monitoring System, scheduled for delivery over a period of 24 months.The details of the secured orders are summarized below:Client Name...

Winny Launches WinnyIQ: Proprietary AI Platform for Global Compliance and Enterprise Solutions Winny Immigration & Education Services Limited announced the commercial launch of its proprietary Sovereign AI Service Line, branded WinnyIQ. The platform, which leverages the company's two decades of experience in India's global mobility and compliance environment, is now available to external enterprise and government clients. WinnyIQ is not a separate legal entity but a specialized AI-powered platform developed using internal operational experience, including validation through 'Client Zero' workflows.The launch marks a significant new service vertical for the company, extending its expertise into advanced AI processing for regulated...

Zydus Wellness Announces Audited Financial Results for Q4 FY26 and Recommends Dividend Zydus Wellness Limited announced the outcome of its Board of Directors meeting held on May 18, 2026, wherein the Board approved the audited financial results for the quarter and financial year ended on March 31, 2026. The Board also recommended a Final Dividend.The Board of Directors recommended a Final Dividend of ₹ 1.20 per equity share, based on a face value of ₹ 2 per share. This dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting scheduled for Tuesday, August 4, 2026.Financial Performance Overview The Company reported audited financial results for the quarter and financial year ended March 31, 2026...

DRC Systems Reports Q4 FY26 and Full Year Results; Announces Strategic Investment in HRTech Firm DRC Systems India Limited today announced its financial results for the fourth quarter (Q4) and the full year ended March 31, 2026. The company also confirmed a strategic investment aimed at strengthening its presence in the Human Resource Technology (HRTech) and Software-as-a-Service (SaaS) sector.The financial results, which reflect the company's operational performance, were approved by the Board of Directors.Financial Performance Overview The company reported strong year-on-year growth across key revenue and profitability metrics for both the quarter and the full fiscal year 2025-26.Fourth Quarter Highlights (Q4 ended March 31...

Persistent Systems Earns Top Honors in Extel's 2026 Asia Executive Team Survey Persistent Systems Limited, a global Digital Engineering and Enterprise Modernization leader, has been recognized in the 2026 Extel Asia Executive Team survey. The company secured the distinction of 'Most Honored Company,' marking its third consecutive year of strong performance in the prestigious survey.The recognition highlights Persistent Systems' commitment to strong corporate governance, transparent stakeholder engagement, and sustained business performance. Extel is known for its independent research and rankings concerning corporate leadership, investor relations programs, and financial communications, serving as a benchmark for the global investment...