Markets

Garware Hi-Tech Films Announces Calendar for Postal Ballot for Board Appointments Garware Hi-Tech Films Limited has scheduled a Postal Ballot process to seek the consent of its members regarding the appointment of an Independent Director and the re-appointment of the Vice-Chairperson and Joint Managing Director.The company released a comprehensive calendar of events detailing the key dates for the corporate action.According to the schedule, the process includes the cut-off date for identifying voting rights and sending out the postal ballot notice, followed by the electronic voting period.The detailed timeline for the Postal Ballot process is provided below:Sr. No.Description of EventsDate1Cut-Off date for identification of...

KSS Limited Discloses Related Party Transactions for Half Year Ended March 31, 2026 KSS Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has disclosed details regarding related party transactions for the half year period spanning October 1, 2025, to March 31, 2026. The transactions involve the company and several of its wholly-owned subsidiaries.The disclosure highlights advances given and loans taken across four distinct related parties, primarily focusing on inter-company financial movements during the specified six-month period.Related Party Transaction Details The financial movements are detailed in the following transactions, reported in Rupees in Lacs.Transaction No.Subsidiary/Related Party...

OnEMI Technology Solutions to Invest INR 6,37,50,00,000 in Subsidiary Si Creva Capital Services OnEMI Technology Solutions Limited, a company that operates within the Financial Service Industry, has approved a significant investment in its wholly owned subsidiary, Si Creva Capital Services Private Limited. The investment, totaling INR 6,37,50,00,000, aims to strengthen the capital base of Si Creva and fuel its future business growth.The Board of Directors of OnEMI Technology Solutions Limited approved the utilization of the net proceeds from the fresh issue portion of the company's Initial Public Offering (IPO) for this acquisition.The investment involves the subscription of 30,00,000 equity shares issued by Si Creva on a rights...

Lloyds Enterprises Limited Receives 'No Adverse Observations' for Composite Scheme of Arrangement Lloyds Enterprises Limited announced that it has received Observation Letters confirming 'No Adverse Observations' from BSE Limited and 'No objection' from the National Stock Exchange of India Limited (NSE) regarding its proposed Composite Scheme of Arrangement.The approval letters were received on May 15, 2026.The scheme concerns a proposed arrangement among Lloyds Realty Developers Limited (LRDL), Indrajit Properties Private Limited (IPPL), Lloyds Enterprises Limited (LEL), and Lloyds Realty Limited (LRL), governed by sections 230 to 232 read with section 66 of the Companies Act, 2013.This update follows the Company's prior Board of...

Crompton Greaves Consumer Electricals Ltd Clarifies: Not Involved in Discussions Over Majority Stake Acquisition Crompton Greaves Consumer Electricals Limited has issued a clarification concerning recent media reports regarding potential acquisitions. The company specifically addressed reports suggesting it is a bidder in the race to acquire a majority stake in Crompton Consumer.The company stated that it is not engaged in any discussions concerning the matter referenced in the aforesaid media reports.The clarification was issued by Crompton Greaves Consumer Electricals Limited, confirming the company's stance regarding the reported acquisition activity. Kaleeswaran Arunachalam, the Chief Financial Officer, is associated with the...

Life Insurance Corporation of India to Participate in Centrum Broking Analyst Conference on May 22 Life Insurance Corporation of India (LIC) has scheduled participation in an investor conference, providing insights to Centrum Broking Ltd. The engagement, focusing on a Group and one-on-one meeting, is set to take place on May 22, 2026.The corporate participation is structured around the "Flagship Virtual Conference, Nakshatra III - Shining Stars amid Global Turbulence." During this event, LIC will provide a presentation to Centrum Broking Ltd.The key details of the investor meeting are as follows:DetailDescriptionCompanyLife Insurance Corporation of IndiaDate of EventMay 22, 2026Institutional InvestorCentrum Broking Ltd...

SJVN Limited Announces Audited Financial Results for Quarter and Year Ended March 31, 2026 SJVN Limited released its audited financial results for the quarter and year ended March 31, 2026, providing detailed insights into the company's performance across both standalone and consolidated financial statements. The results reflect the Group's continued involvement in the power generation and sale sector.Financial Performance Summary The Company reported total income figures for the period.ParticularsQuarter ended 31.03.2026 (Standalone, Crore)Year ended 31.03.2026 (Standalone, Crore)Quarter ended 31.03.2026 (Consolidated, Crore)Year ended 31.03.2026 (Consolidated, Crore)Total Income933.923,544.521,548.464,528.29Total...

India Cements Receives Compounding Order from Reserve Bank of India The India Cements Limited, a subsidiary of UltraTech Cement Limited, has announced that it received a Compounding Order dated May 15, 2026, from the Foreign Exchange Department, Reserve Bank of India, Chennai.The Compounding Order was issued under Section 15(1) of the Foreign Exchange Management Act, 1999. The order mandates the payment of a compounding amount totaling Rs. 18,250/-.The action pertains to a delay in filing of Form FC-TRS, which was issued in terms of Regulation 10 read with Paragraph 10 of Schedule 1 to Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000.Key details regarding the...

Celebrity Fashions Limited Approves Audited Financial Results for Year Ended March 31, 2026 Celebrity Fashions Limited announced that its Board of Directors held a meeting on May 16, 2026, where it approved the audited financial results for the quarter and the full financial year ended March 31, 2026. The company also confirmed the re-appointment of its internal auditors.The statutory auditors, SRSV & Associates, Chartered Accountants, Chennai, issued the audit report on the financial results for the year ended March 31, 2026, with an unmodified opinion.Key Corporate and Audit Developments In addition to the financial reporting, the Board took key governance actions:Internal Audit: The Board approved the re-appointment of M/s. R...

Allcargo Terminals Reports Monthly Operational Update: Total Volumes Hit 59.2 ‘000 TEUs in April 2026 Allcargo Terminals Limited reported its operational performance for April 2026, noting that the company's total volumes reached 59.2 ‘000 TEUs. This represents a 7% increase compared to April 2025, and a 1% rise compared to March 2026.The reported figures cover the ATL CFS & ICD Volume. The note provided clarified that the ICD facility operates as a joint venture (JV) with CONCOR.The company provided the following data breakdown for the ATL CFS & ICD Volume (in ‘000 TEUs).Facility DetailVolume (‘000 TEUs)ATL CFS & ICD Volume[Data provided in graphical context]ATL Stock Price Movement Shares of Allcargo Terminals Limited...

Lead Reclaim and Rubber Products Reports Strong Growth, Highlights Capacity Expansion Ahmedabad, May 16, 2026: Lead Reclaim and Rubber Products Limited (LRRPL) today announced its financial results for the half year ended March 31, 2026. The company stated that the results reflect a strong growth momentum while simultaneously executing strategic initiatives across capacity expansion and product diversification.The company highlighted its commitment to building a stronger and more diversified business, focusing on value-added, sustainable, and margin-accretive verticals. The firm stated that the recently completed preferential issue of ₹35.58 crore has bolstered the balance sheet, providing necessary capital to scale operations across...

Indian Oil Corporation Limited Receives Credit Ratings from Multiple Agencies Indian Oil Corporation Limited has received various credit ratings for its debt instruments from prominent rating agencies. The ratings cover instruments such as Bank Facilities, Senior Unsecured Debt, and Non-Convertible Debentures, providing details on the current credit standing of the company's various liabilities.According to the information, the company received an update from ICRA Limited regarding specific bank facilities. In this assessment, ICRA assigned the following ratings:InstrumentRating AgencyRatingOutlookBank Facilities - Long TermICRAAAAStableBank Facilities - Short TermICRAA1+-Furthermore, the company's instruments were...

Aaron Industries Limited Approves FY 2026 Results and Recommends Dividend Aaron Industries Limited announced that its Board of Directors convened on May 16, 2026, and approved the Audited Standalone Financial Results for the Quarter and Year ended March 31, 2026. Additionally, the Board recommended a final dividend for the Financial Year 2025-26.The Board of Directors recommended a final dividend at the rate of 5%, equivalent to Rs. 0.50 per equity share of the face value of Rs. 10 each, for the Financial Year 2025-26. This dividend recommendation is subject to the approval of the Company’s members at the ensuing Annual General Meeting.The Standalone Financial Results for the period are accompanied by the Auditor's Report, which...

ICRA Reaffirms IDFC First Bank Ratings on ₹ 12,520 Crore Debt Instruments ICRA Limited has reaffirmed the rating and outlook for IDFC First Bank Limited's debt instruments, specifically the Basel III Tier II Bonds and Infrastructure Bonds, totaling ₹ 12,520 Crore at ICRA AA+/Stable. ICRA also withdrew the rating outstanding on the matured Non-Convertible Debentures (NCDs), amounting to ₹ 3,883.70 crore, noting that the instruments have been fully redeemed.The rating action covers the bank’s primary debt components, as detailed below:InstrumentPrevious Rated Amount (Rs. crore)Current Rated Amount (Rs. crore)Rating ActionBasel III Tier II bonds3,0003,000.00AA+ (Stable) reaffirmedInfrastructure bonds9,5209,520.00AA+ (Stable)...

Mangalam Worldwide Limited Board Approves Stock Split and Dividend for Enhanced Liquidity Ahmedabad, May 16, 2026: Mangalam Worldwide Limited (MWL), a fully integrated stainless-steel manufacturer, announced that its Board of Directors approved the proposal for a stock split. The approval was made during a board meeting held on May 15, 2026.Under the proposed plan, the company's equity shares, which currently have a face value of ₹10 each, will be subdivided into 10 equity shares, each having a face value of Re. 1 each, fully paid-up. The company stated that this stock split aims to enhance liquidity in the company's equity shares and encourage broader participation from retail investors.The board also approved consequential...

Insecticides (India) Launches GRANUVIA TM for Long-Term Paddy Pest Management Insecticides (India) Limited (IIL) announced the launch of GRANUVIA TM, a new, next-generation insecticide designed to provide comprehensive and long-duration control against major pests affecting paddy cultivation in India. The product is positioned as a future-ready solution to address challenges related to brown plant hopper (BPH) and stem borer.According to the company, the product is recommended for application at 30 to 35 days after transplanting, a critical phase when paddy crops are most vulnerable to pest infestation.The company highlighted the severity of pest challenges in the sector. Historically, early and prolonged outbreaks of BPH have...

Sahasra Semiconductors Dedicates Rajasthan's First ATMP and India's First SME-Led Memory Facility Sahasra Electronic Solutions Ltd. has reached a major milestone in India's semiconductor and electronics manufacturing sector. Its subsidiary, Sahasra Semiconductors Pvt. Ltd., dedicated Rajasthan's first ATMP (Assembly, Testing, Marking and Packaging) facility and the first Indian Memory Packaging facility to the nation in Bhiwadi, Rajasthan.The high-tech unveiling ceremony was virtually attended by several senior government officials, industry leaders, and stakeholders from India's electronics and semiconductor ecosystem. Key dignitaries present included the Chief Minister of Rajasthan, Shri Bhajan Lal Sharma, as the Chief Guest. Also...

Uttam Sugar Mills Board Approves Financial Results, Recommends Dividends, and Appoints Statutory Auditors Uttam Sugar Mills Limited announced the outcome of its recent Board of Directors meeting, detailing the approval of audited financial results, dividend recommendations, and the re-appointment of key statutory auditors for the coming financial years.The Board of Directors approved the Audited Financial Results, both standalone and consolidated, for the quarter/year ended March 31, 2026. Additionally, the company obtained the necessary report from its Statutory Auditors concerning these audited financial results. The Board also declared an unmodified opinion on the Annual Audited Financial Results for the financial year ended March...

Ascom Leasing & Investments Limited Reports Resignation of Company Secretary and Compliance Officer Ascom Leasing & Investments Limited has announced the resignation of Ms. Swati Maheshwari from the critical roles of Company Secretary and Compliance Officer. The move is effective from the close of business hours on May 15, 2026.Ms. Maheshwari tendered her resignation due to personal and unavoidable circumstances. Her resignation pertains to her function as Company Secretary and Compliance Officer of the company.The company issued the notification regarding the transition on May 16, 2026. The notice was released by Tushar Rohit bhai Pandya, Managing Director and CFO of Ascom Leasing & Investments Limited.ASCOM Stock Price Movement...

Dreamfolks Services Limited Disputes Rs 11.40 Crore IBC Petition from Travel Food Services Limited Dreamfolks Services Limited announced on May 16, 2026, that a petition has been filed against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was submitted by Travel Food Services Limited, identified as an Operational Creditor of the company.The legal action was filed before the National Company Law Tribunal - New Delhi Bench (NCLT, New Delhi). Travel Food Services Limited alleges a default in payment and interest amount regarding services rendered, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against Dreamfolks Services Limited.The disputed amount cited in the...