Markets

Ashapura Intimates Fashion Limited Approves FY 2026 Results Amid Liquidation Process and Sale to Grow House Agro Ashapura Intimates Fashion Limited announced on May 16, 2026, that its Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026. The results were taken on record at a Board meeting held at the company's Ahmedabad venue on that date.The company's financial standing and recent transactions indicate that the entity is undergoing a liquidation process. During the financial year 2024-25, Ashapura Intimates Fashion Limited was sold in its entirety to Grow House Agro Limited for a total consideration of ₹21.30 Crores.Transaction Details and Consideration The sale was...

Atul Auto Limited Announces Financial Results for the Year Ended March 31, 2026; Recommends Dividend Atul Auto Limited announced on May 16, 2026, the approval of its standalone and consolidated financial results for the financial year ended March 31, 2026. The company also recommended a final dividend of Rs. 3.00 per equity share of Rs. 5.00 each, pending shareholder approval.The Board of Directors reviewed and approved the financial statements, which include both standalone and consolidated results. The company released comprehensive financial details across its segments, including the Automobiles Business and the Non Banking Financial Business.Financial Performance Summary The financial results presented for the consolidated...

Mangalam Drugs And Organics Limited Defaults on Loan Obligations to Banks Mangalam Drugs And Organics Limited has announced that it has defaulted on its loan obligations with two major banks, Bank of Baroda and Bank of Maharashtra. The company reported that the default period exceeds 30 days.The declaration confirms that the company is in default on its loan accounts with both institutions, citing the required disclosure period of more than 30 days for the non-payment of interest or principal amount.As of May 15, 2026, the overdue amounts and start dates for the default across the two loan accounts are detailed below:Sr.NoName of BankLoan Account Number (Cash Credit A/c. No)Amount Overdue (Rs. In Lacs)Date of Start of Default...

Chembond Chemicals Board Approves Financial Results and Recommends Final Dividend for FY 2025-26 Chembond Chemicals Limited announced that its Board of Directors, in a meeting held on May 16, 2026, approved the audited financial results for the quarter and the financial year ended March 31, 2026.The Board meeting also recommended a final dividend for the financial year 2025-26, subject to approval by the shareholders at the Annual General Meeting (AGM).The recommended final dividend is Rs.1.25/- (25%) per equity share, based on the company’s face value of Rs.5/- each fully paid up.In addition to the financial approvals, the company also set the schedule for its upcoming Annual General Meeting. The AGM is slated to take place on...

Ganesh Infraworld Announces FY26 Financial Results and Recommends Dividend Ganesh Infraworld Limited announced the outcomes of its Board of Directors meeting held on May 16, 2026. The board reviewed and approved the audited financial results for the quarter, half year, and the full year ended March 31, 2026, covering both standalone and consolidated financials.The company also recommended a dividend of Rs. 0.10 per Equity Share of Rs. 5 each (2%) for the financial year ended March 31, 2026. This dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).Operational and Statutory Approvals During the meeting, the Board approved several key operational and statutory items:Auditors...

Tatva Chintan Pharma Chem Announces Annual Financial Results and Recommends 20% Dividend for FY 2025-26 Tatva Chintan Pharma Chem Limited today, May 16, 2026, announced the audited financial results for the quarter and full financial year ended March 31, 2026. The company's Board of Directors approved key operational updates, including the appointment of external auditors for the fiscal year 2026-27 and recommending a final dividend of 20% per equity share.The company also provided comprehensive statements, including consolidated and standalone financial results, assets and liabilities, and cash flows, offering a detailed financial overview for the period.Key Board Approvals and Appointments During the Board meeting held on May 16...

Archean Chemical Industries Recommends Final Dividend of Rs 2.50 Per Share for FY 2025-26 Archean Chemical Industries Limited announced the recommendation of a final dividend for the financial year ending March 31, 2026. The Board of Directors, during its meeting on May 11, 2026, recommended a dividend of Rs 2.50 per equity share of Rs 2 each, representing 125%.The dividend amount was declared out of the company's profits and is subject to the final approval of the members at the ensuing Annual General Meeting (AGM) of the Company.The company provided key timelines for the dividend payment and record process. The Record Date for the Dividend has been set as June 05, 2026.Corporate actions related to the dividend and the 17th...

Kirloskar Ferrous Reports Q4 FY26 Results: Focus on Expansion, Green Steel, and Capacity Growth Kirloskar Ferrous Industries Limited (KFIL) reported its fourth quarter and fiscal year 2026 results, detailing strong operational growth in specific segments while noting the impact of market conditions on overall output. During the investor call, management highlighted continuous efforts to enhance casting and tube capacity, coupled with significant strategic investments in green energy and plant modernization.Q4 FY26 Financial Performance For the fourth quarter of FY26, KFIL reported a total sales value of INR 1,781 crores. Looking at the full year, the company reported total sales of INR6,861 crores, compared to INR6,628 crores in the...

Windsor Machines Limited Receives Approval for Promoter Reclassification Windsor Machines Limited has received necessary approvals from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the reclassification of certain promoters into the public shareholder category.The approvals validate the application for reclassifying promoters under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted the reclassification of the following erstwhile promoters:Promoter NameShares TransferredPercentage of Total ShareholdingGhodbunder Developers Private Limited120.00%Castle Equipments Private Limited-0.00%The approval also mandated the company to...

Jay Bee Laminations Approves Audited Financial Results for Half Year and Full Year Ended March 31, 2026 Jay Bee Laminations Limited, formerly known as Jay Bee Laminations Pvt. Ltd., announced the approval of its audited standalone financial statements for the half year and the full financial year ending March 31, 2026. The Board of Directors considered and approved the results during a meeting held on May 16, 2026.The company reported that the statutory auditor, M/s Oswal Sunil & Company, Chartered Accountants, issued an Audit Report providing an unmodified opinion on the results. The company's business activities include the manufacturing of CRGO Products and Transformers, as well as EPC Turnkey Projects.Financial Highlights...

Master Trust Limited Approves Grant of 9,45,200 Stock Options Under ESOP 2025 Master Trust Limited announced that its Nomination & Remuneration Committee, during a committee meeting held on May 16, 2025, approved the grant of 9,45,200 stock options. These options are provided under the 'Master Trust Limited Employee Stock Option Plan 2025' (ESOP 2025) for eligible employees of the Company.The grant utilizes the ESOP 2025 and confirms that the scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share with a face value of INR 1/-.Key Details of the Employee Stock Option Plan The ESOP 2025 outlines specific terms and...

Rolex Rings Ltd Approves Audited Financial Results for Quarter and Year Ended March 31, 2026 Rolex Rings Ltd has announced the outcome of its Board of Directors meeting held on May 16, 2026. During the meeting, the company considered and approved its Standalone Audited Financial Results for the quarter and the year ended March 31, 2026.The board confirmed that the financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors.Financial Performance Highlights The company’s audited financial results for the quarter and the year ended March 31, 2026, are detailed below. Figures are presented in Millions, except where stated otherwise.Statement of Audited Financial Results...

Hoac Foods India Limited Appoints Ms. Varsha Bansal as Company Secretary and Compliance Officer Hoac Foods India Limited, which was formerly known as Hoac Foods India Private Limited, announced the appointment of Ms. Varsha Bansal as its Company Secretary and Compliance Officer. The decision was made following the company's Board of Directors meeting held on Saturday, May 16, 2026.The Board approved the appointment of Ms. Varsha Bansal to the role of Company Secretary and Compliance Officer. This appointment received recommendations from the company's nomination and remuneration committee and is effective from May 16, 2026, according to the terms and conditions set out in her letter of appointment.The details regarding the newly...

Vintage Coffee And Beverages Limited Approves Re-appointment of Two Independent Directors Vintage Coffee And Beverages Limited (formerly Spaceage Products Ltd) announced that its Board of Directors, in a meeting held on May 16, 2026, approved the re-appointment of two individuals as Independent Directors. Both appointments are effective subject to the approval of the company's shareholders.The Board meeting addressed the re-appointment of Mr. Sanjiban Brata Roy and Mr. Ajay Poonia, detailing their respective terms and profiles.Mr. Sanjiban Brata Roy was approved for re-appointment as an Independent Director for a second term of two years. This appointment is slated to be effective from May 18, 2026. Mr. Roy is a Certified Associate...

KIMS Hospitals Reports Strong Growth Amidst Advanced Medical Care and Multi-State Expansion Krishna Institute of Medical Sciences Limited (KIMS) has solidified its reputation as a leading healthcare provider through sustained operational excellence and strategic expansion across multiple states. The company emphasizes a vision to provide affordable care and the best clinical outcomes, supported by a mission focused on patient-centric systems and fostering clinical outcome-driven excellence using modern medical technology.The hospital network offers comprehensive care across numerous specialities, including Neurology, Cardiology, Oncology, Nephrology, and Orthopedics. Critical care services are provided through advanced units such as...

KIMS Hospitals Announces Audited Financial Results for Q4 FY26 and Fiscal Year 2026 The Board of Directors of Krishna Institute of Medical Sciences Limited (KIMS Hospitals) today approved the financial results for the period ending March 31, 2026. The company provided comprehensive updates covering both the fourth quarter (Q4 FY26) and the full fiscal year (FY26).Financial Performance Highlights Q4 FY26 Performance: The consolidated financials showed strong quarterly growth. Total Revenue reached INR 1,084 Cr, marking a 35.3% year-over-year (YoY) and 8.1% quarter-over-quarter (QoQ) increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew to INR 216 Cr, up 6.8% YoY and 5.9% QoQ. The Profit After Tax (PAT)...

Jaykay Enterprises Limited Secures Order from BrahMos Aerospace Private Limited Worth Approx. Rs. 4.46 Crores Jaykay Enterprises Limited has received a significant domestic order from BrahMos Aerospace Private Limited. The contract, valued at approximately Rs. 4.46 Crores including GST, involves the manufacture of PCB Warhead Casing Assemblies.The agreement positions Jaykay Enterprises to supply components crucial for the defense sector, securing a deal with the established aerospace entity, BrahMos Aerospace Private Limited.Details of the order confirm that the contract is for the manufacture of PCB Warhead Casing Assembly. The transaction is classified as a domestic order, and the company confirmed that neither the awarding entity...

Pritika Auto Industries Receives Tax Demand Notice for Assessment Year 2025-26 Pritika Auto Industries Limited recently received an income tax intimation raising a demand for the Assessment Year 2025-26. The notice was issued by the Centralized Processing Center of the Income Tax Department on May 15, 2026.The intimation raised a demand of Rs. 1,83,81,330/- under Section 156 of the Income Tax Act, 1961.According to the details provided by the company, the tax demand was received on May 15, 2026, at 01:46 p.m. via email.Details of the Tax Demand The company noted that it has no violation or contravention committed. The demand for the Assessment Year 2025-26 was determined to be based on a mistake in the initial calculation done...

Upsurge Seeds of Agriculture Limited Receives Credit Rating from ICRA Upsurge Seeds of Agriculture Limited has been assigned a credit rating by ICRA Limited for its bank facilities. The ratings cover various long-term fund based instruments, covering a total amount of ₹ 67 Crore.The credit rating confirmation details the rating assigned to multiple instruments, all receiving an overall rating of BBB- (Stable) from ICRA. The rating assignments were confirmed by ICRA on May 15, 2026.The company’s rating covers a total of ₹ 67 Crore across three primary categories: Cash Credit, Term Loans, and Unallocated Limits.InstrumentAmount (₹ Crore)RatingStatusLong Term Fund Based - Cash Credit57[ICRA] BBB- (Stable)AssignedLong Term...

Onesource Specialty Pharma Receives In-Principle Approval for Unit II Expansion in Bengaluru Onesource Specialty Pharma Limited has received in-principle approval from the Government of Karnataka for the expansion of its flagship Unit II facility. This approval pertains to the company's investment proposal under the Karnataka Industrial Policy (KIP) 2025-30, securing incentives and concessions for the project.The expansion is slated for the company's Unit II facility located at Obadenahalli, 2nd Phase, KIADB Industrial Area, Doddaballapur Taluk, Bengaluru Rural District. The approval followed the consideration of the company’s proposal during the 67th State High Level Clearance Committee (SHLCC) meeting, which was held on April 13...