Markets

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...

NHPC Limited Approves Audited Financial Results for Quarter and Year Ended March 31, 2026 NHPC Limited confirmed that its Board of Directors approved the audited financial results for the quarter and the year ended on March 31, 2026. The Board meeting held on Friday, May 15, 2026, included the approval of both Standalone and Consolidated audited financial results for the specified period.The company also released an investors presentation detailing these audited financial results. The presentation materials are available on the NHPC Limited website for stakeholders' review.NHPC Stock Price Movement As of 12:49 PM, shares of NHPC Limited are slipping by 0.34% in live trading, currently trading at ₹76.53. The stock sees strong...

HOAC Foods India Reports Strong Financial Growth for FY26, Highlights Capacity Expansion and Multi-Channel Strategy HOAC Foods India Limited, formerly known as HOAC Foods India Private Limited, reported robust financial results during its Earnings Conference Call held on May 15, 2026. The company highlighted significant year-on-year growth across its core food business operations, attributing its strong performance to expanding market presence and operational efficiencies.During the call, management detailed the audited financial results for the Half Year and Year ended March 31, 2026, covering performance across its various verticals, including B2B, B2C, and exports.Financial Performance Review The company reported substantial...

DCM Shriram International Limited Updates Corporate Identification Number Following Listing DCM Shriram International Limited announced that its Corporate Identification Number (CIN) has been officially updated by the Ministry of Corporate Affairs following the listing of the company's equity shares on the stock exchanges.The company confirmed that its status has been formally updated from "Unlisted" to "Listed." Consequently, the first character of the Corporate Identification Number has changed from 'U' to 'L'.The updated Corporate Identification Number for DCM Shriram International Limited is L17299DL2022PLC404291.The company issued the update on May 18, 2026, detailing the required change in its corporate identity due to its...

Mahanagar Telephone Nigam Limited Reports Default on Principal and Interest Payments to Banks Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has reported a default in the payment of principal instalments and interest owed to several banks as of April 30, 2026. The company disclosed the details of these outstanding liabilities in its statement dated May 18, 2026.The reported default includes principal and interest payments due to multiple financial institutions. Key banks listed include UBI, BOI, PNB, SBI, UCO, PSB, and IOB.The outstanding liabilities are detailed as follows:Bank Date of NPA O/s Principal Overdue Interest Overdue PrincipalUBI 12-08-2024 3334.57 742.26 784.57BOI 04-09-2024 999.54...

TVS VENU to Acquire Stake in Jana Small Finance Bank TVS VENU has entered into an agreement to acquire a minority stake in Jana Small Finance Bank Limited. The investment structure involves a combination of a primary issuance of warrants and a secondary purchase, aiming for an equity ownership of up to 9.9% on a fully diluted basis. This stake includes 4.9% to be owned by TVS Motor Company, subject to all applicable approvals.The investment in Jana Small Finance Bank positions TVS VENU to facilitate mutual collaboration in various areas for the long-term success of the bank.Profile of Jana Small Finance Bank Jana Small Finance Bank Limited is noted as the fourth largest Small Finance Bank in India, both in terms of Assets Under...

Alkem Laboratories Appoints Senior Executive Mr. Chanakya Misra Alkem Laboratories Limited announced the appointment of Mr. Chanakya Misra to a senior management position within the company, effective May 18, 2026.The appointment marks an addition to the company's leadership team. Mr. Misra’s professional background includes an MBA in Marketing & International Business and a Bachelor of Pharmacy from IIT (BHU). He brings over 25 years of extensive professional experience across various sectors, including pharmaceuticals, public health, rare diseases, and the broader healthcare ecosystems.Details regarding Mr. Misra's appointment and profile are summarized below:Detail DescriptionAppointee Name Mr. Chanakya MisraReason for...

Trust Fintech Limited Exempt from Annual Secretarial Compliance Report for Year Ended March 31, 2026 Mumbai, May 18, 2026 — Trust Fintech Limited announced today that it is exempt from submitting the Annual Secretarial Compliance Report for the financial year ended March 31, 2026.The company clarified that this exemption stems from the fact that its specified securities are listed in the SME Exchange. Trust Fintech Limited noted that this status grants it a relaxation regarding certain corporate governance regulations.As an SME Listed Company, the company is exempted from submitting the Annual Secretarial Compliance Report for the specified period. This status allows the listed entity to operate under the provided relaxations...

Maruti Suzuki Commences Commercial Production at Second Plant in Kharkhoda, Haryana Maruti Suzuki India Limited announced the successful commencement of commercial production at the second plant of its manufacturing facility in Kharkhoda, Haryana, effective May 18, 2026. This expansion marks a significant operational milestone for the automotive giant.With the start of production at the second unit, the Kharkhoda facility now possesses a total capacity of 5 lakh units. This new plant boasts an annual production capacity of 2.5 lakh units, significantly bolstering the local manufacturing capability.The announcement confirms that Maruti Suzuki's overall annual production capacity across its facilities in Gurugram, Manesar, and...

AVP Infracon Limited Approves FY26 Financial Results and Appoints Auditors AVP Infracon Limited, formerly AVP Infracon (P)LTD & AVP Constructions (P)LTD, announced several key corporate approvals and released its financial results for the year ended March 31, 2026. Following a Board meeting held on May 18, 2026, the Board considered and approved the audited financial statements and appointed new professional auditors for the financial year 2025-26.The Company also confirmed that there was no variation or deviation in the utilization of proceeds from the Initial Public Offer (IPO) for the half year ended March 31, 2026.Professional Appointments The Board meeting approved the following professional appointments for the financial year...