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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...

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...