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Prudential Announces Strategic Repositioning of India Operations via Acquisition of Stake in Bharti Life Insurance Prudential plc, a leading insurer and asset manager in Asia and Africa, has announced a major strategic repositioning of its India operations. The company confirmed it has agreed to acquire a controlling 75% stake in Bharti Life Insurance Company Limited, a prominent Indian life insurer.The transaction, which is structured through share purchase agreements (SPAs) dated May 17, 2026, involves acquiring the stake from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management.According to the announcement, the initial cash consideration for the proposed transaction is set at ₹3,500 crore (c. $389 million²), payable upon...

United Spirits Limited Challenges Water Charges Demand Before Supreme Court United Spirits Limited is contesting a demand for water charges, which arose from Maharashtra's Water Resources Department (WRD). The dispute is before the Bombay High Court and has reached the Supreme Court, following the company's challenge to a demand letter from the WRD.The litigation involves multiple state bodies, including the State of Maharashtra, the Maharashtra Water Resources Regulatory Authority (MWRRA), and the Water Resources Department (WRD), Government of Maharashtra.The core dispute stems from a letter issued by the WRD dated March 20, 2026 (received on March 24, 2026), which computed a total due payable of INR 441.95 crore towards water...

Railtel Secures Major Domestic Order for Railway Signaling Work Railtel Corporation of India Limited has announced securing a significant Letter of Acceptance (LoA) for a major railway signaling contract from the Senior Divisional Station, Jodhpur. The awarded work pertains to the provision of Double Distant signals within the NWRailway network.The contract focuses on executing double distant signalling work specifically in the Jajiwal (JWL)-Nawa City (NAC) section of the JU division of NWRailway. The order is designated as a domestic contract.In terms of the financial commitment, the estimated size of the order, including tax, is Rs. 15,67,22,761/-.The details of the secured order are as follows:Detail CategoryDescription /...

Manav Infra Projects Secures Rs 12.28 Crore Work Order for Motilal Nagar Redevelopment Project Manav Infra Projects Limited has secured a significant work order for a major infrastructure project in Mumbai. The company has been awarded the contract for carrying out Shore Piling works package for the MN1 S1 Parcel, which falls under the Motilal Nagar Redevelopment Project in Goregaon West, Mumbai.The total value of the project order from Adani Realty is approximately Rs. 12,28,61,665/- (Rupees Twelve Crores Twenty Eight Lakhs Sixty-One Thousand Six Hundred and Sixty-Five Only).The company confirmed that the project amount mentioned is inclusive of GST at 18%. This successful contract represents a normal course business update for...

Balmer Lawrie Board Decides Not to Pursue Share Buyback Program Balmer Lawrie & Company Limited, a Government of India Enterprise, announced that its Board of Directors has decided not to buy back the shares of the Company.The decision was made following a deliberation concerning the compliance with the Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs. These guidelines bear the Office Memorandum no. F.No. 5/2/2016-Policy dated 18th November, 2024, issued by the Ministry of Finance, Department of Investment and Public Asset Management.During the Board meeting held on May 17, 2026, the Directors analyzed and deliberated on the guidelines before arriving at the final decision.The Company...

3M India Limited Updates Panel of Personnel Authorized for Determining Materiality of Events 3M India Limited has updated the list of key personnel authorized to collectively determine the materiality of company events or information. This updated panel includes the Managing Director, Whole-time Director, Chief Financial Officer, and Company Secretary.The following individuals are recognized as authorized signatories for determining the materiality of events or information for disclosures.Name & DesignationContact DetailsAseem Joshi, Managing Directorajoshi6@mmm.com +91 80 22231414Jayanand Kaginalkar, Whole-time Directorjvkaginalkar@mmm.com +91 80 22231414Nikhil Arora, Chief Financial Officernarora@mmm.com +91 80 22231414...

Tata Power Issues Advisory on Mandatory KYC Update for Physical Security Holders Tata Power Company Limited has issued an advisory regarding the mandatory updating of Know Your Customer (KYC) details for all shareholders holding physical securities. The company emphasized the requirement to ensure that all records are current, including PAN, registered address with a PIN code, mobile number, bank account details, and specimen signature of the securities holders.The update aims to streamline dividend and interest payments, mandating that the details of all physical security holders be registered with the Registrar and Share Transfer Agent (RTA).According to the company’s notice, the timely updation of KYC details is critical for...

Diffusion Engineers Limited Announces FY 2025-26 Results and Recommends Dividend Nagpur, May 16, 2026 – Diffusion Engineers Limited announced outcomes of its Board Meeting held on May 16, 2026. The Board approved the audited standalone and consolidated financial results and statements for the quarter and financial year ended March 31, 2026.The Board of Directors recommended a Final Dividend of Rs. 1.50 per share (One Rupee Fifty Paisa Only) on the Equity Shares of the Company. This dividend, equivalent to 15.00% per equity share having a face value of Rs. 10 each, is recommended for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting (AGM). Should the dividend be approved by the members at the...

Diffusion Engineers Limited Reports Record FY2026 Results with Strong Quarterly Gains Diffusion Engineers Limited, a leading manufacturer of welding consumables, wear plates, wear parts, and heavy engineering equipment for core Indian industries, has announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported achieving its highest ever quarterly and yearly sales and profitability metrics.The company, which has nearly 40 years of experience in the industry, noted that the financial results are as per IND AS accounting guidelines.Key Financial Results for FY2026 The financial performance for the period was highlighted by significant year-on-year growth in revenue and...

Balmer Lawrie Announces Financial Results for FY 2025-26 Balmer Lawrie & Co. Ltd., a Miniratna I diversified Public Sector Enterprise (PSE) operating under the Ministry of Petroleum and Natural Gas, Government of India, has announced its financial results for the quarter and year ended March 31, 2026. The results were formally approved by the Board of Directors during its meeting held on May 17, 2026.The company, which maintains a presence across both manufacturing and services sectors, reported significant growth in its revenues and profitability across the financial year.Q4 FY 2025-26 Quarterly Highlights For the fourth quarter ending March 31, 2026, Balmer Lawrie reported a notable increase in total income. The company’s...

Aurobindo Pharma Limited: High Court Dismisses Writ Petition Related to SEBI Settlement Order Aurobindo Pharma Limited has reported on a significant legal development, noting that the Hon'ble High Court of Telangana, Hyderabad, dismissed a writ petition filed by promoters and group members. The order, received on May 15, 2026, pertains to a settlement process initiated under SEBI regulations.The petitioners involved in the matter, including Mr. P. V. Ramprasad Reddy, Ms. P. Suneela Rani, Mr. Kambam Prasad Reddy, and Trident Chemphar Limited, are all members of the company's promoter and promoter group.The dispute originated when the petitioners filed a settlement application with the Securities and Exchange Board of India (SEBI)...

Balmer Lawrie Board Decides Not to Recommend Issue of Bonus Shares Balmer Lawrie & Company Limited announced that its Board of Directors, during an adjourned meeting held on May 17, 2026, resolved not to recommend the issue of Bonus Shares.The decision followed a deliberation by the Board concerning compliance with the Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs. These guidelines are detailed in the Office Memorandum bearing no. F.No. 5/2/2016-Policy, dated November 18, 2024, issued by the Ministry of Finance, Department of Investment and Public Asset Management.The Board meeting resumed on May 17, 2026, at 11:30 a.m. and concluded in the afternoon.BALMLAWRIE Stock Price Movement...

Balmer Lawrie Board Recommends Dividend of Rs. 4.25 Per Equity Share for FY 2025-26 Balmer Lawrie & Company Limited has announced that its Board of Directors, during a meeting held on May 17, 2026, recommended a dividend for the financial year ended March 31, 2026.The Board recommended a dividend of Rs. 4.25 (Rupees Four and Paise Twenty Five only) per Equity Share. This dividend is applicable on 17,103,846 Equity Shares of the Company. The face value of the equity share is Rs. 10 each.The dividend recommendation covers the Financial Year ended March 31, 2026.The dividend payment is conditional upon the approval of the shareholders at the ensuing Annual General Meeting (AGM). If approved by the shareholders, the dividend is...

Sportking India Limited Approves Key Acquisitions and Recommends Dividend After Board Meeting Sportking India Limited announced several significant corporate developments following its Board of Directors meeting held on May 16, 2026. The Board approved the company's standalone audited financial results for the quarter and year ended March 31, 2026, alongside recommendations for strategic acquisitions and updates on its expansion initiatives.The company also approved the re-appointment of M/s R.R & Co., Cost Accountants, to serve as the Cost Auditor for the financial year 2026-27.Financial Results and Dividend Recommendation The Board considered and approved the Standalone Audited Financial Results of the Company for the Quarter and...

Balmer Lawrie Reports Audited Financial Results for March 31, 2026, Highlighting Significant Impairments and Operational Highlights Balmer Lawrie & Company Limited, a Government of India Enterprise, has announced its audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The company released both Standalone and Consolidated financial statements, which detail the financial performance and position for the period.Financial Performance Overview The consolidated financial results show key figures for the year ended March 31, 2026, compared to the previous year.Metric3 Months Ended 31/03/2026 (Unaudited)Year to Date (Audited) 31/03/2026Year to Date (Audited) 31/03/2025Total Income76,346.66...

Delhivery Board Notes Compliance Matter Following NSE Fine for Disclosure Delay Delhivery Limited confirmed that its Board of Directors reviewed a compliance matter related to a fine levied by the National Stock Exchange of India Limited (NSE). The Board took note of the delay in the submission of the Related Party Transactions disclosure for the half year ended September 30, 2025.At its meeting on May 16, 2026, the Board acknowledged the non-compliance concerning the submission of the Related Party Transactions disclosure for the half year ended September 30, 2025. The delay resulted in a fine being levied by the NSE. The Board advised management to ensure timely compliance moving forward.The company confirmed that it has paid the...

Balmer Lawrie Releases Audited Financial Results for FY2026, Recommends Dividend, and Confirms Capital Restructuring Decisions Balmer Lawrie & Company Limited, a Government of India Enterprise, released its audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The results, presented both on a standalone and consolidated basis, detailed the company's operational performance and provided updates on the Group's financial position. The Board of Directors also communicated key decisions regarding dividends and capital restructuring for the year.The company also provided updates on its capital restructuring strategy, confirming decisions not to recommend the issuance of Bonus Shares, Buyback of...

Kaynes Technology Revises Cash Flow Classification for FY 2026 Kaynes Technology India Limited has reported a reclassification of entries within the Cash Flows from Financing Activities in its financial statements for the year ended March 31, 2026. Management identified an error in the classification within the cash flow statements, leading to revised figures for both consolidated and standalone results.The revision affects only the presentation within the cash flow statement categories and does not impact the total cash flows for the year, the closing cash and cash equivalents, the Statement of Profit and Loss, the Balance Sheet, or the earnings per share. The company confirmed that this correction does not alter the underlying...

Diffusion Engineers Reports Strong Growth, Achieving 39.87% Profit Jump in FY26 Diffusion Engineers Limited reported a significant surge in profitability and revenue during the fiscal year 2026. The company’s strong financial performance, marked by healthy growth across core industrial segments, was driven by improved execution of engineering orders and robust order inflows, according to the financial updates.Financial Performance Overview For the full year ending March 31, 2026, Diffusion Engineers recorded a Total Income from Operations of Rs. 4,066.28 Mn, representing a 21.28% Year-over-Year (YoY) increase.The consolidated results show substantial growth across key metrics:ParticularsFY26 (Rs. in Mn)FY25 (Rs. in Mn)YoY%...

Balmer Lawrie Board Decides Not to Recommend Splitting of Equity Share Capital Balmer Lawrie & Company Limited, a Government of India Enterprise, announced that its Board of Directors held a meeting on May 17, 2026, to discuss the company's capital structure. The board analyzed the Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs, which were issued by the Ministry of Finance, Department of Investment and Public Asset Management, bearing Office Memorandum no. F.No. 5/2/2016-Policy dated November 18, 2024.Following a detailed deliberation on the guidelines, the Board of Directors concluded and decided not to recommend the Splitting of Equity Share Capital of the company.BALMLAWRIE Stock...