Markets

Endurance Technologies Limited Wins Appeal, Demand Order Set Aside for FY 2020-21 Endurance Technologies Limited has successfully secured a favorable ruling in a tax dispute, following an appeal that resulted in a Demand Order being set aside. The decision comes from the Joint Commissioner (ST), Appeals, regarding a matter pertaining to the financial year 2020-21.The dispute originally stemmed from an Order passed by the Deputy Commissioner (CT), LTU-DC1, Tamil Nadu. This Demand Order involved a total demand of Rs. 98.28 lakh. The specified amount included disputed tax amount, interest, and penalty. The tax demand primarily related to Credit Notes issued to customers for sales return transactions and interest calculated on the...

Saurashtra Cement Limited Issues Compliance Report for Financial Year Ended March 31, 2026 Saurashtra Cement Limited released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms the company's adherence to various governance and compliance requirements over the review period.The review covered the company's status against multiple provisions relating to the Securities and Exchange Board of India framework.The company's compliance status across key governance areas for the financial year ended March 31, 2026, included:ParticularsCompliance statusObservations/RemarksSecretarial StandardsYesNoneAdoption and timely updation of the PoliciesYesNoneMaintenance and...

Matrimony.Com Reports Quarterly and Annual Financial Results for Period Ended March 31, 2026 Matrimony.Com Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported key figures across its operational segments, reflecting its financial standing during the period.The results encompass detailed financial data for the standalone and consolidated levels, providing stakeholders with a comprehensive view of the company’s performance.Financial Highlights for March 31, 2026 The company's financial performance metrics, presented in Rupees lakhs, show the following trends:Particulars Quarter Ended March 31, 2026 (Audited) Year Ended March 31, 2026 (Audited) Quarter Ended March...

Rane Holdings Approves Dividend, Warrants Issue, and FY 2026 Financial Results Rane Holdings Limited announced the outcomes of its Board of Directors meeting held on May 15, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, recommended a significant dividend, and sanctioned a preferential issue of convertible warrants to the promoter group.The company also announced the dates for its upcoming Annual General Meeting (AGM) and Extra-Ordinary General Meeting (EGM), alongside key changes in its board and committee compositions.Financial Results for March 31, 2026 The board approved the audited financial results for the period ended March 31, 2026, both standalone and consolidated...

Eleganz Interiors Limited Announces Audited Financial Results and Appoints Secretarial Auditors Eleganz Interiors Limited announced the outcomes of its Board of Directors meeting held on May 14, 2026. The Board approved the Standalone and Consolidated Audited Financial Results for the half year and financial year ended March 31, 2026. Furthermore, the company finalized the appointment of M/s KDA & Associates, Practicing Company Secretaries, as the Secretarial Auditors for the Financial Year 2026-27.The approved financial results provide a comprehensive overview of the company’s performance for the two periods.Financial Performance Highlights The audited financial results for the half year and financial year ended March 31, 2026...

SEBI Imposes ₹5 Lakh Penalty on Trader for 'Non-Genuine' Illiquid Options Trades The Securities and Exchange Board of India (SEBI) has finalized an adjudication order, imposing a penalty of ₹5,00,000 on Alka Dhanuka. The penalty was levied following findings that the individual indulged in manipulative and deceptive trading practices involving illiquid stock options at the Bombay Stock Exchange (BSE).The order, dated May 15, 2026, pertains to alleged violations of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. The case centers on transactions that created a false or misleading appearance of trading activity.Background of Illiquid Stock Options Allegations The...

Marsons Limited Gains PGCIL Vendor Approval, Becomes Sole EHV Transformer Manufacturer in Eastern India Marsons Limited, a leading transformer manufacturer with over 65 years of heritage, has achieved a significant industrial milestone by receiving vendor approval from the Power Grid Corporation of India Limited (PGCIL) for the supply of power transformers. This approval positions Marsons as the only PGCIL-approved Extra High Voltage (EHV) transformer manufacturer across Eastern India and ten neighboring states.The approval, awarded by India's apex power transmission body, underscores the company's standing as the region's premier power equipment supplier. The coverage area for this distinction includes West Bengal, Odisha, Jharkhand...

Wipro Completes Acquisition of Olam Group's Digital Services Unit, Mindsprint Wipro Limited announced the successful completion of its acquisition of Mindsprint, the IT and digital services business unit formerly part of the Olam Group. The strategic move significantly bolsters Wipro's capabilities in the global food and agri-business sector.The acquisition, which was originally announced on April 6, 2026, is part of a broader eight-year strategic transformation deal with Olam Group. Olam Group is a leading food and agri-business entity headquartered in Singapore, which reports combined revenues inclusive of discontinuing operations for FY2025 of over US$ 50 billion and employs nearly 40,000 people, with majority ownership held by...

ITC Hotels Posts Record Financial Results for Q4 and FY26 Amid Strong Market Growth ITC Hotels Limited has announced its financial results for the fourth quarter (Q4) and the full fiscal year 2025-26, showcasing robust growth in revenues and profitability despite global economic volatility. The company reported substantial increases in its operational performance, alongside outlining an accelerated strategy for its managed portfolio and sustainability commitments.The Board of Directors, at its meeting on May 15, 2026, approved the financial results and recommended a dividend of ₹ 1 per share for the financial year ended March 31, 2026.Financial Performance Highlights The financial data indicates significant year-over-year growth...

Wipro Limited Completes Acquisition of 100% Stake in Mindsprint Pte. Ltd. Wipro Limited announced the completion of its acquisition of 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries. The transaction was finalized on May 15, 2026.Wipro had previously informed stakeholders of a definitive agreement to acquire the entire shareholding in Mindsprint Pte. Ltd. and its subsidiaries.The completion of the acquisition marks the finalization of the transaction, which had initially been expected to be completed by June 30, 2026.WIPRO Stock Price Movement Today, Wipro Limited shares edged higher to close at ₹190, successfully gaining 1.06% in trading. The stock was accompanied by robust buying interest, recording a total traded...

V.S.T. Tillers Tractors Announces Financial Results and Recommends Dividend V.S.T. Tillers Tractors Limited announced key operational and financial updates following its Board of Directors meeting held on May 15, 2026. The Board approved the Audited Financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, and recommended a final dividend of Rs. 25/- per equity share of Rs. 10/- each, pending approval at the Annual General Meeting (AGM).The Company also approved the re-appointment of Dr. Nandakumar Jairam (DIN:00321693) as an Independent Director. Dr. Jairam’s second term of appointment will run for five consecutive years, effective from June 21, 2026, and remains subject to shareholder approval...

JSW Energy Commissions ~250 MW Renewable Capacity, Aims for 30 GW Generation by 2030 JSW Energy Limited announced the successful commissioning of approximately 250 MW of renewable energy capacity since April 2026. This achievement raises the company’s total installed capacity to 13.7 GW, reinforcing its commitment to sustainable power generation in India.The commissioned renewable capacity is broken down into three components: 130 MW from Wind power, 69.4 MW from Solar power, and 50 MW from the Tidong Hydro Plant.The company noted that the commissioning of the Tidong Unit-I, following its acquisition in January 2026, occurred in a record turnaround time, highlighting strong execution capabilities and the ability to integrate...

Solar Industries Reports Record FY26 Performance Driven by Strong International and Defence Growth Solar Industries India Limited (SIIL) announced robust financial results for the fiscal year 2026, highlighting record quarterly and annual sales across its key segments. The company reported achieving its highest-ever sales and profitability levels for both Q4 FY26 and the full year FY26.According to the company, the financial performance showed substantial growth in key indicators. The company recorded its highest-ever quarterly and yearly sales at ₹3053cr and ₹9838cr, respectively. Similarly, the highest-ever EBIDTA and PAT were clocked at ₹870cr and ₹556cr in the fourth quarter, and ₹2750cr and ₹1737cr for the full year FY26...

Sukhdev Singh Appointed Non-Executive Chairman of PTC India Limited PTC India Limited announced the assumption of charge of Sh. Sukhdev Singh as Non-Executive Chairman. The appointment, effective May 15, 2026, followed the receipt of consent from the Chairmen and Managing Directors of all four promoter companies.Sh. Singh assumed the role of Non-Executive Chairman on May 15, 2026. This appointment remains effective until the completion of his existing tenure as an Independent Director, scheduled up to November 10, 2028.The company released details regarding Sh. Sukhdev Singh’s appointment and background.Detail InformationName Sh. Sukhdev SinghNew Role Non-Executive ChairmanEffective Date of Appointment May 15, 2026...

Solar Industries Announces Q3 FY2026 Financial Results and Director Reappointment Solar Industries India Limited today announced its audited financial results for the quarter and year ended March 31, 2026, alongside material corporate updates regarding its board structure and dividend payouts.The company also reported that the board approved the re-appointment of Shri Milind Deshmukh (DIN: 09256690) as an Executive Director. This designation is effective for a term of three years, running from July 29, 2026, to July 28, 2029, pending shareholder approval at the upcoming General Meeting. Regarding dividends, the company noted that the dividend, if approved by the members at the ensuing Annual General Meeting (AGM), will be paid within...

Ramdevbaba Solvent Limited Board Approves Dual Role for Company Secretary in Subsidiary Ramdevbaba Solvent Limited's Board of Directors convened a meeting on May 15, 2026, where it considered and approved several key corporate appointments and matters. During the meeting, the Board approved the appointment of Pratul Wate to a dual role across the company's structure.Pratul Wate, who currently serves as the Company Secretary and Compliance Officer of the holding company, Ramdevbaba Solvent Limited, has been appointed to also act as the Company Secretary for the subsidiary, RBS Renewables Private Limited. This appointment aligns with the provisions of Section 203 of the Companies Act, 2013, which permits a Key Managerial Personnel to...

Amir Chand Jagdish Kumar (Exports) Limited Establishes Wholly Owned Subsidiary in Singapore Amir Chand Jagdish Kumar (Exports) Limited has announced the incorporation of a new wholly owned subsidiary in Singapore, named AEROPLANE FMCG PTE. LTD ('AFPL'). The establishment of this new entity marks the company's expansion into the international Fast-Moving Consumer Goods (FMCG) sector, alongside its core business in rice.The incorporation of AFPL took place on May 15, 2026, in Singapore. The subsidiary, AFPL, will focus on dealing in both Rice and general FMCG products. The entity is a wholly owned subsidiary of Amir Chand Jagdish Kumar (Exports) Limited, the parent company.The details regarding the newly incorporated subsidiary are as...

SEBI Drops Major Order on Domus Capital LLP, Signaling Heightened Focus on Market Compliance In a significant regulatory development, the Securities and Exchange Board of India (SEBI) has officially released an order pertaining to Domus Capital LLP. This directive marks a key regulatory intervention, drawing the attention of investors and market participants alike.The announcement, dated May 15, 2026, provides necessary clarity regarding the compliance standing of the entity. The release of such a formal order underscores SEBI's continued vigilance over market integrity and corporate adherence to stipulated guidelines.SEBI Releases Order Concerning Domus Capital LLP SEBI has issued a formal order detailing its findings in the matter...

TVS Motor’s Subsidiary TVS Ebike to Transfer Assets to Callista Asset Management TVS Motor Company Limited has reported that its subsidiaries, TVS Motor (Singapore) Pte. Ltd and TVS EBike Company AG, have entered into agreements detailing the transfer of certain assets and liabilities. The arrangement involves the proposed sale of assets owned by TVS Ebike Company AG to Callista Asset Management 33 GmbH or its affiliates.The agreement to record the proposed transfer of assets and liabilities for TVS Ebike was reached on May 14, 2026.Transaction Details The transaction involves Callista Asset Management 33 GmbH, a company incorporated under the Laws of Germany. The company was incorporated in April 2025 and reported a revenue of EUR...

Standard Engineering Technology Reports Significant Growth in Q4 and Full Year Results for FY26 Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, reported strong financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company highlighted its evolution from a single-capability equipment manufacturer into a fully integrated, end-to-end engineering solutions platform.The company's growth was underlined by a rebranding effort to Standard Engineering Technology Ltd., which expanded its scope across India and global markets to include high-precision engineering, turnkey solutions, commissioning, and lifecycle maintenance.Financial Performance Highlights...