Markets

Dolat Algotech Limited Incurs Penalty of Rs. 1,18,000 for Limit Violation Dolat Algotech Limited announced that the company received a communication regarding a penalty levy for a violation related to its Trading Member/Fund Portfolio Investor (TM/FPI) limits. The penalty was directed by NSE Clearing Limited.The penalty pertains to a TM/FPI Limit Violation, with the communication received by the company on May 14, 2026.The company confirmed that the total penalty amounts to Rs. 1,18,000/-. This fine comprises a basic fine of Rs. 1,00,000/- plus GST amounting to Rs. 18,000/-.The financial impact statement noted that the levied penalty does not materially affect the company’s financials, operations, or other activities, beyond the...

Indoco Remedies Reports Demise of Non-Executive Director Dr. Anand Nadkarni Indoco Remedies Limited reported the sad demise of its Non-Executive Director, Dr. Anand Nadkarni, on Friday, May 15, 2026.The Company stated that the association of Dr. Anand Nadkarni as a Non-Executive Director was beneficial to the firm, and his passing is considered an irreparable loss to the organization. The company extended its deep condolences to his family.Details regarding the cessation of his association were recorded in a formal statement, confirming the key details of the director's tenure change.Particulars DetailsName Dr. Anand Nadkarni (DIN: 06881461)Role Non-Executive DirectorReason for Change DemiseDate of Cessation May 15...

Hester Biosciences Reports Strong Growth for FY26, Recommends Dividend, and Updates Key Holdings Hester Biosciences Limited announced its audited financial results for the quarter and full year ended March 31, 2026. The company's performance showcased significant growth, particularly in its Poultry Healthcare segment, while the Board of Directors also recommended a dividend and approved a key divestment of its subsidiary interest.The company reported strong year-over-year growth across its key segments, driven by improved operational execution and product mix.Financial Highlights (FY26) Hester Biosciences recorded substantial increases in both standalone and consolidated revenues and profitability for the fiscal year 2026 compared...

KPI Green Energy Appoints New Directors and Reappoints Independent Director at Board Meeting KPI Green Energy Limited announced key changes to its board composition following a Board Meeting held on May 15, 2026. The company approved the appointment of Mr. Rajesh Shrivastava as an Additional Director and Whole Time Director, alongside the re-appointment of Mrs. Venu Birappa as an Independent Director for a second term.The Board of Directors considered and approved these appointments, subject to the subsequent approval of the Company’s Shareholders.Appointment of Mr. Rajesh Shrivastava Mr. Rajesh Shrivastava was appointed as the Additional and Whole Time Director of KPI Green Energy Limited. His appointment is effective from May 15...

Fujiyama Power Systems Posts Strong FY26 Results, Scales Solar Manufacturing at Ratlam Fujiyama Power Systems Limited, a leading provider of rooftop solar solutions, has released its audited annual financial results and limited reviewed quarterly financial results for the period ending March 31, 2026. The company reported robust year-on-year growth across key financial metrics, alongside significant operational expansions in its manufacturing and distribution networks.The company specializes in solar panels, inverters, lithium and tubular batteries, chargers, and power-electronics systems, serving the B2C segment through a deep network of channel partners.Financial Performance Snapshot The company's financial results show strong...

PGIM India Announces IDCW Declaration Across Several Schemes PGIM India Asset Management Private Limited reported the approval of declaring Income Distribution cum Capital Withdrawal (IDCW) for several schemes under the PGIM India Mutual Fund. This declaration was made following a meeting on May 12, 2026.The IDCW declaration spans multiple schemes and plans, affecting funds such as the PGIM India Arbitrage Fund, Hybrid Equity Fund, and GIM India Equity Savings Fund.Unit details pertaining to the IDCW declaration include:Name of the Schemes Plans / Options Quantum of unit (Gross of Statutory Levy, if any)* Face Value Rs Per Unit NOW are Option as on May 12, 2026 ( per unit)*PGIM India Arbitrage Fund Regular Plan - Monthly IDCW...

Trust Fintech Limited Secures 10-Year Purchase Order from KDCC Bank Trust Fintech Limited has announced that it has secured a significant Purchase Order from KDCC BANK. The contract covers the supply, implementation, integration, and SaaS subscription of Add-On Software Modules, alongside related services.The agreement with KDCC BANK outlines a comprehensive, 10-year contract period. The services provided include both software add-ons and supporting implementations. A key financial term is the escalation clause, which mandates a yearly 5% increase in the software subscription and infrastructure rental/subscription charges starting from the second year.The transaction, awarded by a domestic entity, carries substantial financial...

Aequs and IIT Dharwad Launch Advanced Materials R&D Ecosystem Dharwad, Karnataka, May 15 - Aequs group and the Indian Institute of Technology Dharwad (IIT-D) have established an advanced research and development ecosystem focused on materials science and manufacturing innovation at the IIT-D campus.The new facility is equipped to support advanced material characterization, failure analysis, and manufacturing process simulation and optimization. This initiative aims to foster deeper industry-academia collaboration, particularly in precision-driven manufacturing domains. The collaboration lays the foundation for a dedicated 'IIT Dharwad - Aequs Research and Development Center,' which is set up to accelerate applied research, foster...

Amagi Media Labs Receives Tax Assessment Order Regarding International Transactions Amagi Media Labs Limited has received an assessment order from the Income Tax Department concerning its international inter-company transactions. The order, dated May 14, 2026, proposes a significant adjustment related to the classification of certain overseas entities.The assessment order was issued by the Income Tax Department and the Deputy Commissioner of Income Tax, Circle 1(1)(1), Bengaluru. The dispute centers on the application of transfer pricing provisions under the Income Tax Act, 1961.According to the department's assessment, conducted under Section 143(3) of the Income Tax Act, 1961, certain overseas entities were categorized as...

Dr. Agarwal's Health Care Limited Receives Show Cause Notice from GST Authorities Dr. Agarwal's Health Care Limited has confirmed receiving a Show Cause Notice (SCN) concerning alleged discrepancies in tax filings for the financial year 2022-23. The notice, dated May 14, 2026, originated from the Office of the Assistant Commissioner, GST & Central Excise in Nungambakkam, Chennai.The SCN addresses several discrepancies in the returns and statements filed by the company for the aforementioned financial year.The Notice details allegations related to:Difference in Output Turnover Short Payment of Tax under RCM Exempted, Nil rate, or Non GST supplies Excess claim of ITC (Input Tax Credit) Claim of ineligible ITC Non-Compliance of...

Ampere Magnus G Max Wins 'Family Scooter of the Year' at Times Drive Auto Summit 2026 Greaves Electric Mobility Limited (GEML), a subsidiary of Greaves Cotton Limited, has received recognition for its e-scooter, the Ampere Magnus G Max. The model won the 'Family Scooter of the Year' award at the prestigious Times Drive Auto Summit and Awards 2026, while also being noted for being one of India's best affordable EVs under ₹1 Lakh.The award reinforces GEML's Ampere brand's growing presence in India's electric mobility market. The Magnus G Max, launched in January 2026, is positioned as a next-generation family electric scooter designed for everyday commuting and is built to offer a combination of performance, technology, and usability...

HOAC Foods India Launches First Retail Store Outside Delhi NCR, Expanding Presence into Madhya Pradesh Hoac Foods India Limited has achieved a key milestone in its expansion journey by commencing operations at its first retail outlet located outside the Delhi NCR region. This new establishment marks a significant step towards the company’s goal of increasing its retail footprint across key growth markets in India.The company inaugurated its new store in Bhopal, Madhya Pradesh. The facility is located at Plot No. 87, Ground Floor, New Colony, Lal Ghati, Bhopal, Madhya Pradesh 462030. This outlet spans approximately 240 sq. ft. and is strategically positioned in a high potential porch/front-facing area, which is expected to drive strong...

We Win Limited Approves Grant of 250,000 Employee Stock Options Under ESOP 2025 WE WIN LIMITED has approved the grant of 2,50,000 Employee Stock Options (Options) for its eligible employees under the We Win Limited ESOP 2025 Scheme.The nomination and remuneration committee (NRC) of the Company's Board of Directors approved the grant of options during its meeting held on May 15, 2026. These options have a face value of 210/- each and were granted at a corresponding grant price of 210/- per Option.This approval follows the shareholders passing a Special Resolution on December 19, 2025, and the Company receiving in-principle approvals from the National Stock Exchange of India Limited and BSE Limited on March 23, 2026. The options are...

Great Eastern Shipping Reports Strong FY26 Financial Results, Sees Revival in Shipping Segments The Great Eastern Shipping Company Limited released its financial results for the quarter and year ended March 31, 2026, highlighting significant revenue growth and strong profitability across its diverse shipping and offshore segments.According to the company's investor presentation, the financial highlights for the quarter demonstrated robust earnings. The consolidated Net Profit for the quarter ended March 31, 2026, was INR 1,044Cr, while the Standalone Net Profit stood at INR 855Cr. Furthermore, the company reported a consolidated Net Profit of INR 2,943Cr for the full fiscal year 2026, with the Standalone figure reaching INR 2,356Cr...

United Spirits Limited Appoints Amitabh Pande as Chief Strategy Officer United Spirits Limited has approved the elevation of Mr. Amitabh Pande to the position of Chief Strategy Officer (CSO). The appointment, which falls under the category of Senior Management Personnel (SMP), will see Mr. Pande reporting directly to Mr. Praveen Someshwar, Managing Director & Chief Executive Officer.The board of directors approved the move following the recommendation of the Nomination and Remuneration Committee. Mr. Amitabh Pande’s new role will be effective from June 1, 2026.Mr. Pande is described as a seasoned professional with 27 years of comprehensive experience across consumer strategy, insights, marketing, and business planning within...

LTM Wins Golden Peacock Award for Excellence in AI from Institute of Directors LTM, a Business Creativity partner to global enterprises, has secured the Golden Peacock Award for Excellence in Artificial Intelligence (GPAEAI) 2026. The award, conferred by the Institute of Directors (IoD), India, recognizes the company's sustained leadership in adopting responsible and impactful AI at an enterprise scale.The 'Excellence in AI' category was introduced for the first time with the Golden Peacock Awards in 2026. This category is designed to benchmark strategic alignment, resource optimization, and operational reliability, ensuring that AI initiatives are tightly linked to core business objectives. The award specifically rewards...

Lupin Launches Advanced Neuro-Rehabilitation Center Atharv Ability in Delhi Global pharmaceutical major Lupin Limited has announced the launch of Atharv Ability, a world-class neuro-rehabilitation center located in Naraina Vihar, Delhi. The facility is dedicated to offering comprehensive, specialized, and multidisciplinary care designed for adults and children grappling with neurological disabilities.Atharv Ability aims to provide outcome-driven care that enhances mobility, improves quality of life, and supports long-term recovery for patients. The center focuses on advanced neuro-rehabilitation, integrating clinical expertise with technological precision to address critical treatment gaps. Conditions covered include stroke, traumatic...

Ashiana Housing Limited Terminates Lease Agreement for Jaipur Group Housing Project Ashiana Housing Limited has announced the termination of its agreement to lease a land parcel in Jaipur, Rajasthan. The company mutually decided to discontinue the lease agreement with Mahindra World City (Jaipur) Limited (MWC).Previously, Ashiana Housing Limited had entered into the agreement to lease the land parcel on October 30, 2024. The deal involved acquiring a tract of land measuring approximately 20 acres on a long lease basis. The location of the land is within the Social Infrastructure Zone of Mahindra World City, Jaipur, and the original plan was to use the site to develop a group housing project.The cancellation of the lease agreement...

Independent Director Tenure Concluded for HUDCO's Dr. Ravindra Kumar Ray Housing and Urban Development Corporation Limited (HUDCO) reported that Dr. Ravindra Kumar Ray has concluded his tenure as an Independent Director. The cessation of his role was effective May 14, 2026.The Ministry of Housing and Urban Affairs (MoHUA), Government of India, issued the directive confirming the completion of his one-year term of appointment.HUDCO remains a Government of India Enterprise and is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).HUDCO Stock Price Movement As of 11:13 AM, shares of Housing & Urban Development Corporation Limited are shedding 6.82% in live trading, currently standing at ₹208.12. The...

Zuari Industries Ltd to Hold Board Meeting to Approve Financial Results and Dividend Zuari Industries Ltd announced that its Board of Directors meeting is scheduled for Monday, May 25, 2026. The meeting is set to address the company's audited financial performance for the quarter and the full financial year ended March 31, 2026, alongside the recommendation of dividends.The key agenda items for the Board meeting include:Considering and approving the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. Considering the declaration and/or recommendation of dividend, if any, on the equity share capital and unlisted preference share capital of the company.Furthermore, Zuari...