Markets

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...

McLeod Russel India Designates Key Management Personnel for Materiality and Disclosure Authorities McLeod Russel India Limited has formally specified key personnel who are authorized to determine the materiality of corporate events and those authorized to make disclosures to the Stock Exchanges.The company has identified certain Key Managerial Personnel (KMPs) who bear authority for determining materiality of information. These individuals are:NameDesignationMr Aditya KhiatanManaging DirectorMr Pradip BharWhole-Time Director & Chief Financial OfficerThe list also designates specific personnel who are severally authorized to make disclosures to the Stock Exchanges. The authorized KMPs for disclosure are...

Craftsman Automation Limited Approves Fund Raise Up To Rs 2000 Crores to Repay Borrowings Craftsman Automation Limited announced key decisions following the Board of Directors meeting held on Saturday, May 16, 2026. The board approved a major plan to raise capital through the issuance of various eligible securities, with the funds primarily earmarked for repaying outstanding company borrowings.The Board approved the raising of funds, in one or more tranches, by issuing equity shares and other eligible securities. The proposed fundraising initiative is permitted through methods including, but not limited to, further public offer, debt instruments, preferential allotment, rights issue, private placement, and qualified institutions...

Dynamic Services & Security Shares Admitted to Dealings Following Preferential Allotment Dynamic Services & Security Limited successfully had multiple tranches of its further issues admitted to dealings on the National Stock Exchange (NSE). The listing pertains to equity shares allotted pursuant to the conversion of convertible warrants on a preferential basis.The Company announced that several tranches of shares are now listed and admitted to dealings on the Exchange from May 18, 2026. These allocations represent the exercise of warrants issued through a preferential mechanism.The company's listing activity included the following distinct tranches of shares:Transaction DetailsSymbolNo. of Securities20,22,000 Equity...

Vedanta Limited Announces Cost Apportionment for Demerger of Key Business Units Vedanta Limited has provided guidance to shareholders regarding the apportionment of the cost of acquisition of equity shares following a composite Scheme of Arrangement. The Scheme involves the demerger of key business units into four resulting companies.The arrangement was sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, via orders dated December 16, 2025, and January 09, 2026. The Scheme provides for the demerger, transfer, and vesting of the Aluminum Undertaking, Merchant Power Undertaking, Oil and Gas Undertaking, and Iron Ore Undertaking from Vedanta Limited into Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited...

Bajaj Electricals Faces Adverse Appeal Ruling on GST Demand Bajaj Electricals Limited has received an adverse order in an appeal regarding its Goods and Services Tax (GST) compliance, confirming a tax demand that was initially assessed for claiming excess input tax credit.The Company confirmed the receipt of the adverse Order in Appeal on May 15, 2026. This order was issued by the Joint Commissioner, Secunderabad, Telangana, and dismissed the appeal without considering the submissions made by Bajaj Electricals.The matter stems from an earlier Order dated August 31, 2024, issued by the Office of the Deputy Commissioner, Secunderabad STU-1, Telangana. That initial order imposed a total demand of Rs. 16.42 lakh on the Company, alleging...

Ravindra Energy Limited Approves Rights Issue and Forms Committee for Business Consolidation Ravindra Energy Limited announced key decisions following its Board of Directors meeting held on May 16, 2026. The Board considered and approved a rights issue of equity shares, alongside forming a specialized committee to evaluate a proposed corporate consolidation.Rights Issue DetailsThe Board approved the issuance and allotment of equity shares on a rights basis for an aggregate amount not exceeding Rs. 2,050 million. The instrument approved is the issuance of equity shares with a face value of Rs 10/- each.Key terms of the rights issue include:Issue Price: Rs 101/- per Rights Equity Share. Issue Amount: Not exceeding Rs. 2,050...

Shree Cement Limited Receives Final Income Tax Assessment Order for FY 2022-23 Shree Cement Limited has confirmed the receipt of a Final Assessment Order from the Income Tax Authority concerning the financial year (FY) 2022-23. The order was received on May 15, 2026, from the Assistant Commissioner of Income Tax, Central Circle, Ajmer (AO).The assessment order was issued in the context of the Income Tax Act, 1961, covering the period of FY 2022-23.The communication revealed that a demand of Rs. 153.47 Crs., which includes interest, has been determined following disallowances made by the authority. The company stated that this determined demand will be adjusted against pending refunds that are expected to be received.The company...