Markets

Solve Plastic Products Limited Board Approves IPO Variation and Postal Ballot Report Solve Plastic Products Limited, formerly known as Solve Plostic Products Pvt Ltd, announced that its Board of Directors held a meeting on May 15, 2026. During the meeting, the Board, along with the Audit Committee, discussed and passed resolutions concerning the company’s capital structure and corporate governance procedures.The resolutions approved by the Board and Audit Committee included two key areas: the variation in the utilization of the Initial Public Offering (IPO) proceeds, and the submission of a report pertaining to the company’s postal ballot.The company specified that the postal ballot was conducted via electronic means through a...

Alembic Pharmaceuticals Announces Board Approvals and Recommends 600% Dividend for FY 2025-26 Alembic Pharmaceuticals Limited announced that its Board of Directors approved the Standalone and Consolidated Audited Financial Results for the quarter and the financial year ended March 31, 2026. The Board also recommended a dividend of Rs. 12 per Equity Share, equating to 600% for the financial year ended March 31, 2026, subject to shareholder approval.The company provided detailed financial statements for investors, covering the Standalone and Consolidated audited results, along with the Statement of Assets and Liabilities and Consolidated Statement of Cash Flows.Financial Results Highlights Standalone Financial Performance The...

Jain Irrigation Reports Strong Double-Digit Growth in Consolidated Revenue and EBITDA for FY26 Jain Irrigation Systems Limited (JISL) reported robust consolidated financial results for the quarter and full year ended March 31, 2026, highlighting strong performance across its diversified business segments. The company recorded consolidated revenue of ₹6,399.5 crore in FY26, marking a 10.7% year-over-year (YoY) increase, while consolidated EBITDA grew by 12.8% to ₹808.9 crore.JISL, a leading diversified entity since 1986, specializes in pioneering water management solutions through micro-irrigation. The company maintains a global presence with 19 manufacturing bases spanning four continents and serves over 10 million farmers across 126+...

Dalmia Bharat Appoints Tej Narayan Singh as Unit Head for Ramgarh and Gangapur Units Dalmia Bharat Sugar and Industries Limited has announced the appointment of Shri Tej Narayan Singh as the Unit Head for the company's Ramgarh and Gangapur Units in Uttar Pradesh. The appointment, made by the Nomination and Remuneration Committee, places him in the category of Senior Management Personnel.Shri Tej Narayan Singh was appointed to the role on May 15, 2026.The company reported that Mr. Singh brings substantial operational expertise and strong leadership skills to the role. He possesses rich experience spanning 31 years in managing sugar units, coupled with an educational background that includes an MBA in Finance and a Diploma in...

SEBI Unveils Major Order on India Electronic Development Fund, Signaling New Era for Sector Governance The Securities and Exchange Board of India (SEBI) released a significant order regarding the India Electronic Development Fund on May 15, 2026. This regulatory action marks a pivotal moment, signaling enhanced scrutiny and structural changes for the electronics sector’s dedicated investment mechanisms.The release of this order addresses critical governance aspects pertaining to the fund's operations. Industry observers anticipate that the directives will fundamentally alter how development capital is managed and allocated within India’s booming electronics market.Understanding the SEBI Regulatory Directive The SEBI order, released...

Marsons Limited Receives PGCIL Approval for 132kV Transformer Supply Marsons Limited has secured a major industry milestone, receiving approval from Power Grid Corporation of India Limited (PGCIL) to operate as a registered vendor for the supply and manufacturing of Transformers up to 132kV for POWERGRID projects.This approval follows a comprehensive assessment of the company's manufacturing infrastructure, quality management systems, high-voltage test facilities, and technical credentials. By obtaining this clearance, Marsons Limited becomes the only PGCIL-approved Extra High Voltage Transformer manufacturer across West Bengal and the neighboring states, including Odisha, Jharkhand, Bihar, Assam, Meghalaya, Tripura, Manipur...

Petronet LNG Limited Announces Schedule for Upcoming Analyst and Investor Conferences Petronet LNG Limited has announced the schedule for its upcoming analyst and institutional investor meets. The company has confirmed participation in several industry conferences in May and June 2026, which are slated to provide platforms for one-to-one and group discussions with investors.The detailed schedule of conferences and meetings is as follows:Date Particulars Type of Meeting Location27.05.2026 Investor Conference by Ashika Institutional Equities One-to-One/ Group Meeting(s) Mumbai28.05.2026 16th Annual Global Conference (Trinity) by 360 One (formerly B&K Securities) One-to-One/ Group Meeting(s) Mumbai02.06.2026 BofA Securities...

Cash Ur Drive Marketing Secures Purchase Order for National Transit Media Campaign Cash Ur Drive Marketing Limited has secured a purchase order from a leading multinational mobility and technology platform company operating in India. The contract involves the execution of a comprehensive transit media campaign spanning multiple cities across India.The contract, which falls under the category of advertising and transit media, mandates the execution of the campaign across various major Indian cities. The estimated size of the order has been reported as approximately ₹7,55,20,000/- (Rupees Seven Crores Fifty- Five Lacs Twenty Thousand Only), including applicable taxes.The contract details confirm that the awarding entity is a domestic...

SJVN Limited Approves Financial Results, Recommends ₹1.50 Dividend Per Share SJVN Limited announced that its Board of Directors, during a meeting held on May 15, 2026, approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board also recommended a final dividend of ₹ 0.35 per equity share for the financial year 2025-26, which is subject to shareholder approval.The final dividend recommendation supplements the interim dividend of ₹ 1.15 per equity share declared in February 2026, bringing the total dividend for the financial year 2025-26 to ₹ 1.50 per share. This dividend will be paid within the statutory period prescribed by law.Key Financial Highlights The company reported...

Sterling Tools Approves FY2026 Financial Results, Recommends Dividend, and Strengthens Leadership Team Sterling Tools Limited, an automotive components manufacturer, announced significant corporate developments following its Board meeting held on May 15, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, and also recommended a final dividend, alongside key leadership appointments and a strategic investment.Financial Performance Highlights The Board of Directors of Sterling Tools Limited approved the Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2026. The company's standalone and consolidated financial...

Ms. Uma Singh Resigns as Company Secretary and Compliance Officer of Davangere Sugar Company Limited Davangere Sugar Company Limited announced the resignation of Ms. Uma Singh from the roles of Company Secretary and Compliance Officer. Her resignation is effective from the close of business hours on Friday, May 15, 2026.Ms. Uma Singh, who holds Membership No. A67187, tendered her resignation citing personal reasons.The company confirmed that her last working day in the capacity of Company Secretary and Compliance Officer will be May 15, 2026.The Managing Director of Davangere Sugar Company Limited is S.S. Ganesh.DAVANGERE Stock Price Movement Today, Davangere Sugar Company Limited shares gained ₹0.03, settling at ₹3.84 after an...

Zaggle Prepaid Ocean Services Executes Agreement with Bikaji Foods International Limited Zaggle Prepaid Ocean Services Limited confirmed the execution of a commercial agreement with Bikaji Foods International Limited on May 15, 2026. The arrangement involves Zaggle providing specialized employee expense management and benefits services to the confectionery company.The agreement establishes the provision of Zaggle Save, an employee expense management and benefits solution, to Bikaji Foods International Limited. This domestic contract is set for a period of one year.Zaggle Prepaid Ocean Services Limited provided details regarding the contract terms, confirming that the agreement falls within the category of related party transactions...

Satin Creditcare Network Limited to Raise Up to INR 84.46 Crore Through NCDs Satin Creditcare Network Limited announced that its Working Committee of the Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) totaling up to INR 84,46,00,000. The approval for the issue was reached during a meeting held on Friday, May 15, 2026.The company plans to raise the capital through a private placement basis by issuing up to 8,446 subordinated, unsecured, rated, listed, redeemable, transferable, non-convertible debentures. Each debenture will have a face value of INR 1,00,000.The proposed debentures are subject to listing on BSE Limited. The issuance structure outlines a tenure of 84 months, with a Deemed Date of...

Bharti Airtel Receives Notice of Penalty from Department of Telecommunications for Verification Norm Violation Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT), Uttar Pradesh (East) LSA, regarding alleged violations of subscriber verification norms under its License Agreement. The notice, dated May 14, 2026, imposes a penalty on the company.The communication stems from a Customer Application Form Audit (CAF Audit) conducted by the DoT for March, 2026. Under the terms of the License Agreement, the company is required to ensure adequate verification of customers before enrolling them as subscribers.The key details of the communication, including the violation and penalty, are summarized...

Ola Electric Mobility Approves Strategic Investments in Two Wholly Owned Subsidiaries Ola Electric Mobility Limited announced that its Board of Directors, at a meeting held on May 15, 2026, approved strategic investments in two wholly owned subsidiaries: Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT). The fund infusions are designed to support the ongoing business requirements of both entities.Ola Electric Mobility Limited confirmed that both OCT and OET remain wholly owned subsidiaries of the Company following these investments. The Board approved the transactions, noting that the proposed investments are structured on an arm's length basis, and neither the Promoter nor the Promoter...

Sadhav Shipping Limited Announces Audited Financial Results for Fiscal Year 2026 Sadhav Shipping Limited, an integrated maritime services company, has announced its audited standalone and consolidated financial results for the half year and the full year ended March 31, 2026. The company’s performance reflects operational expansion across key maritime segments.The company provided detailed financial highlights for the period, showcasing growth across its services portfolio and strengthening its operational presence.Financial Highlights: Standalone Performance The financial results are presented in crores.Standalone Financial Highlights (Q4 FY26)Metric ValueRevenue from Operations $34.34EBITDA 27.41EBITDA margin 21.6%...

NAVA Limited Board Approves Re-appointments and Directorship Changes NAVA Limited announced that its Board of Directors, in a meeting held on May 15, 2026, noted and approved several appointments and re-appointments of key personnel, strengthening its board composition.The Board formalized the extension of directorships for three individuals: Mr. Trivikrama Prasad Pinnamaneni, Mr. GRK Prasad, and Mr. Mwelwa Chibesakunda.Key Directorship Appointments The company confirmed the following directorship changes:Mr. Trivikrama Prasad Pinnamaneni was approved for the continuation of his tenure as a Non-Executive Director for a period of five years, effective May 15, 2026. Mr. GRK Prasad was re-appointed as a Whole-time director and...

Solara Active Pharma Sciences Reports Strong Q4'26 Results, Driven by Base Business Momentum Solara Active Pharma Sciences Limited has reported its financial results for the quarter and year ended March 31, 2026. The company highlighted that its overall performance for Q4'26 reflected a sequential growth of 12% and a year-over-year (YoY) growth of 40%. Management noted that the company recorded its highest Revenue, Gross margin, and EBITDA in the last eight quarters.The company attributes its positive momentum to its core Base business, which continues to demonstrate strong growth despite persistent headwinds in the commodity Ibuprofen segment.Base Business Performance Drives Growth The Base business recorded a revenue growth of 24%...

Mangal Electrical Industries Board Approves FY26 Results, ESOP Plan, and Director Reappointments Mangal Electrical Industries Limited announced that its Board of Directors, in a meeting held on May 13, 2026, approved the audited financial results for the quarter and full financial year ended March 31, 2026. The board also sanctioned the Employee Stock Options Plan (ESOP) and approved the re-appointment of key directors and auditors.The Board approved the audited financial results for the quarter and the financial year ended March 31, 2026, alongside the Statement of Assets and Liabilities as of that date and the Cash Flow Statement for the same period.Governance and Compensation Updates In line with recommendations from the...

BEML Limited Appoints Smt. Shobha Sivasankaran as Chief General Manager - Finance BEML Limited has announced the appointment of Smt. Shobha Sivasankaran to the role of Chief General Manager - Finance. She assumed her new responsibilities effective May 14, 2026.Smt. Shobha Sivasankaran brings extensive experience to BEML Limited. She is a qualified Cost & Management Accountant (CMA) and has amassed over 29 years of rich and diversified experience, particularly during her tenure at Steel Authority of India Limited (SAIL) prior to joining BEML.Throughout her professional career, Smt. Shobha Sivasankaran has cultivated deep expertise across crucial finance and commercial management domains. These areas of experience include Costing...