Markets

Solar Industries Announces Q3 FY2026 Financial Results and Director Reappointment Solar Industries India Limited today announced its audited financial results for the quarter and year ended March 31, 2026, alongside material corporate updates regarding its board structure and dividend payouts.The company also reported that the board approved the re-appointment of Shri Milind Deshmukh (DIN: 09256690) as an Executive Director. This designation is effective for a term of three years, running from July 29, 2026, to July 28, 2029, pending shareholder approval at the upcoming General Meeting. Regarding dividends, the company noted that the dividend, if approved by the members at the ensuing Annual General Meeting (AGM), will be paid within...

Ramdevbaba Solvent Limited Board Approves Dual Role for Company Secretary in Subsidiary Ramdevbaba Solvent Limited's Board of Directors convened a meeting on May 15, 2026, where it considered and approved several key corporate appointments and matters. During the meeting, the Board approved the appointment of Pratul Wate to a dual role across the company's structure.Pratul Wate, who currently serves as the Company Secretary and Compliance Officer of the holding company, Ramdevbaba Solvent Limited, has been appointed to also act as the Company Secretary for the subsidiary, RBS Renewables Private Limited. This appointment aligns with the provisions of Section 203 of the Companies Act, 2013, which permits a Key Managerial Personnel to...

Amir Chand Jagdish Kumar (Exports) Limited Establishes Wholly Owned Subsidiary in Singapore Amir Chand Jagdish Kumar (Exports) Limited has announced the incorporation of a new wholly owned subsidiary in Singapore, named AEROPLANE FMCG PTE. LTD ('AFPL'). The establishment of this new entity marks the company's expansion into the international Fast-Moving Consumer Goods (FMCG) sector, alongside its core business in rice.The incorporation of AFPL took place on May 15, 2026, in Singapore. The subsidiary, AFPL, will focus on dealing in both Rice and general FMCG products. The entity is a wholly owned subsidiary of Amir Chand Jagdish Kumar (Exports) Limited, the parent company.The details regarding the newly incorporated subsidiary are as...

SEBI Drops Major Order on Domus Capital LLP, Signaling Heightened Focus on Market Compliance In a significant regulatory development, the Securities and Exchange Board of India (SEBI) has officially released an order pertaining to Domus Capital LLP. This directive marks a key regulatory intervention, drawing the attention of investors and market participants alike.The announcement, dated May 15, 2026, provides necessary clarity regarding the compliance standing of the entity. The release of such a formal order underscores SEBI's continued vigilance over market integrity and corporate adherence to stipulated guidelines.SEBI Releases Order Concerning Domus Capital LLP SEBI has issued a formal order detailing its findings in the matter...

TVS Motor’s Subsidiary TVS Ebike to Transfer Assets to Callista Asset Management TVS Motor Company Limited has reported that its subsidiaries, TVS Motor (Singapore) Pte. Ltd and TVS EBike Company AG, have entered into agreements detailing the transfer of certain assets and liabilities. The arrangement involves the proposed sale of assets owned by TVS Ebike Company AG to Callista Asset Management 33 GmbH or its affiliates.The agreement to record the proposed transfer of assets and liabilities for TVS Ebike was reached on May 14, 2026.Transaction Details The transaction involves Callista Asset Management 33 GmbH, a company incorporated under the Laws of Germany. The company was incorporated in April 2025 and reported a revenue of EUR...

Standard Engineering Technology Reports Significant Growth in Q4 and Full Year Results for FY26 Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, reported strong financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company highlighted its evolution from a single-capability equipment manufacturer into a fully integrated, end-to-end engineering solutions platform.The company's growth was underlined by a rebranding effort to Standard Engineering Technology Ltd., which expanded its scope across India and global markets to include high-precision engineering, turnkey solutions, commissioning, and lifecycle maintenance.Financial Performance Highlights...

V.S.T Tillers Tractors Reports Strong Growth in Product Sales Volume for FY26 Bengaluru, May 15, 2026 – V.S.T Tillers Tractors Limited released an update detailing its sales volume performance for FY26 compared to the previous fiscal year. The company provided comparative data for key agricultural products, covering both annual and quarterly trends.The company’s reported sales volume data highlights significant growth across several core product segments.Annual Product Sales Volume Comparison The annual comparison table provides an overview of the growth rate for major product categories between FY26 and FY25:Product FY 26 (Nos) FY 25 (Nos) % Growth over YoYPower Tiller 50,332 37,297 34.9%Tractors Domestic 4,596 3,876...

McLeod Russel India Limited Secures One Time Settlement, Approves MD Reappointment, and Executes MoU for Asset Disposal McLeod Russel India Limited, during a Board of Directors meeting held on May 15, 2026, approved several material corporate actions concerning debt restructuring, management, and asset disposal.The Board accepted a One Time Settlement (OTS) sanction from J.C. Flowers Asset Reconstruction Private Limited (JCF ARC), which acts as the trustee of JCF YES Trust 2022-23/10. This settlement addresses outstanding dues, representing approximately 20.58% of the total Institutional Loan value as of December 31, 2025.The total settlement value for the OTS with JCF ARC is Rs. 150 crores, payable in tranches by June 30, 2027...

GMR Airports Report Strong Traffic Resiliency with Record Passenger Handling in FY26 GMR Airports Limited released its operational data for April 2026, detailing traffic performance across its key airports and highlighting year-end achievements for the fiscal year 2026. The company reported that Delhi, Hyderabad, and Mopa airports all set operational records during FY26, despite ongoing geopolitical instability that impacted global travel patterns.According to the data, GMR Airports served approximately 10 million passengers in April 2026 across all portfolio airports, marking a 5.0% Year over Year (YoY) decline. While the total traffic for the fiscal year ended in 2026 reached 121.6 million passengers, this represented a modest 0.9%...

Shekhawati Industries Limited Approves Major Amendments to Scope, Targeting Renewable Energy and Agriculture Shekhawati Industries Limited, formerly known as Shekhawati Poly-Yarn Limited, announced that its Board of Directors met on May 15, 2026. During the meeting, the Board considered and approved significant amendments to the company's Main Object clause (Clause III) within its Memorandum of Association, subject to shareholder approval.The Board meeting concluded with the approval of expanded business scopes in two major sectors: Renewable Energy and Agriculture.Expanded Focus on Renewable Energy The amendment grants the company the ability to engage in comprehensive operations related to renewable energy. This expanded scope...

Sunflag Iron And Steel Company Declared Successful Bidder for Tambia South Coal Block Sunflag Iron And Steel Company Limited recently announced its success in the auction process for a major coal resource. The company was declared a "successful Bidder" for the allocation of the Tambia South Coal Block/Mine, located in the State of Madhya Pradesh.The allocation pertains to commercial mining rights for the Tambia South Coal Block. This auction was conducted by the Ministry of Coal through the Nominated Authority under the Mines and Mineral (Development and Regulations) Act, 1957.The official communication confirming Sunflag Iron And Steel Company Limited's status as a successful Bidder was received on May 14, 2026. This bid was placed...

Noida Toll Bridge Company Reports Q4 FY26 and FY26 Financial Results Noida Toll Bridge Company Limited (NTBCL) today announced its financial performance for the Quarter and Year ended March 31, 2026 (Q4FY26 and FY26). The company reaffirmed its commitment to the safe and efficient upkeep of the DND Flyway, a vital infrastructure connecting Delhi and Noida, and serving over 2.5 lakh daily commuters.During the fiscal year, advertising revenue remained the primary income stream, supporting ongoing maintenance, security, and financial commitments. For FY26, the Company shared ₹3.40 crore with Noida Authority from its advertising revenue.Financial Performance Highlights The results for both the quarter and the full fiscal year show...

NBCC (India) Secures Work Orders Totaling Rs. 52.14 Cr from Indian Overseas Bank and MoHFW NBCC (India) Limited has been awarded significant work orders in the ordinary course of its business, totaling approximately Rs. 52.14 Cr. The contracts include projects with major clients such as Indian Overseas Bank and the Ministry of Health & Family Welfare.The newly secured contracts represent major business opportunities for NBCC, covering both banking infrastructure construction and government-mandated operation and maintenance services.The awarded works fall into two primary categories:1. Indian Overseas Bank: The company has been contracted for the Construction of the Indian Overseas Bank's Office Building at Amaravati, Andhra...

Gangotri Textiles Reports Standalone Financial Results for Quarter and Year Ended March 31, 2026 Gangotri Textiles Limited has released its standalone audited financial results for the quarter and the full year ended March 31, 2026. The reports detail the company's operational performance, profitability, and balance sheet position for the period.Quarterly and Annual Financial Performance The financial results indicate the company's total expenses and subsequent loss positions for both the current and previous financial years.Profit and Loss Summary (Rs in lakhs) The total expenses incurred by the company saw a slight decrease year over year. The resulting loss before Exceptional Items and Tax for the year ended March 31, 2026, was...

Trident Limited Re-designates Senior Management Personnel Mr. Abhay Shukla Trident Limited announced a key organizational change, effective May 15, 2026, involving the re-designation of a Senior Management Personnel (SMP). The company reported that Mr. Abhay Shukla has been reassigned from his role as Chief Executive Officer - Yarn (Budhni) to Chief Executive Officer - Bed Linen.Mr. Abhay Shukla's new designation as Chief Executive Officer - Bed Linen is effective from May 15, 2026, with the appointment term set for full-time employment.The company shared a brief profile detailing Mr. Shukla's extensive experience in the industry. He possesses over 33 years of rich work experience across the Home Textile and Spinning sector. His...

Vinyas Innovative Technologies Secures Orders Totaling ₹ 60.84 Crores from Global and Domestic Customers Vinyas Innovative Technologies Limited announced on May 15, 2026, that the company has secured new purchase orders from both domestic and international customers, totaling ₹ 60.84 Crores. The orders pertain to the manufacture and supply of Printed Circuit Board Assemblies (PCBA).The total order value is derived from two primary transactions: one with a domestic customer and another with an international client.In the domestic sector, Vinyas received a purchase order worth ₹ 32.12 Crores. This order, classified as an ordinary course of business, involves the manufacture and supply of PCBA and is scheduled for execution over a...

Jayesh Logistics Limited Utilizes IPO Proceeds for Fleet Expansion and Working Capital Jayesh Logistics Limited has received an official certification detailing the utilization of its Initial Public Offer (IPO) proceeds. The certificate, dated May 15, 2026, confirms that the company’s accounting records, including trial balances and bank statements, were reviewed to track fund deployment up to March 31, 2026.According to the review conducted by GGPS and Associates, the company has allocated its IPO funds across several key operational areas, including fleet expansion, technology implementation, and general working capital requirements.The utilization details are comprehensively laid out in the attached certificate, which tracks the...

Agneyastra Energetics Breaks Ground on ₹1,500 Crore Strategic Defence Manufacturing Facility in Andhra Pradesh Agneyastra Energetics Limited, a wholly owned subsidiary of Kalyani Strategic Systems Limited (KSSL), announced the groundbreaking of a major strategic defence manufacturing facility near Madakasira in Sri Sathya Sai District, Andhra Pradesh. This development represents a significant step in advancing India's indigenous capabilities in advanced energetics and ammunition systems.The integrated campus, spread across more than 1,000 acres, is planned for development with a strategic investment of ₹1,500 crore over the next 24 years. Utilizing advanced manufacturing technologies, high-safety testing infrastructure, and...

TVS Motor Company Strengthens EV Portfolio with Launch of King EV Max in Nepal TVS Motor Company, a prominent global manufacturer in the two and three-wheeler segments, has launched its connected passenger electric three-wheeler, the TVS King EV MAX, in the Nepali market. The introduction of the vehicle marks a significant push towards sustainable and future-ready urban mobility solutions.The TVS King EV MAX combines cutting-edge technology with eco-friendly innovation, delivering an efficient and smart mobility experience. The company continues to strengthen its leadership in last-mile connectivity with a diverse portfolio of innovative three-wheeler solutions, catering to both Internal Combustion Engine (ICE) and Electric Vehicle...

BuzzWorks Launches in Mysuru and Unveils Multi-City Expansion Blueprint for 2026 BuzzWorks, the managed office and co-working arm of the Brigade Group, has announced a strategic expansion into Mysuru and detailed its multi-city blueprint for 2026. The company is targeting the rising demand from Global Capability Centers (GCCs) and startups by launching new Grade-A managed centers across Mysuru, Bengaluru, and Chennai.BuzzWorks marked its entry into Mysuru with the launch of Brigade Vantage on Vinoba Road. This new center offers over 500 seats and is situated within the 1.3 lakh sq. ft. Brigade Vantage commercial campus. The facility integrates modern infrastructure with design elements inspired by Mysuru’s rich cultural heritage...