Markets

Shri Diwakar Nath Misra Appointed Government Nominee Director on NHPC Limited Board NHPC Ltd has announced the appointment of Shri Diwakar Nath Misra, an Additional Secretary in the Ministry of Power, Government of India, as a Government Nominee Director on the company's Board of Directors.The appointment formalizes the change following an order issued by the Ministry of Power (MoP) on May 14, 2026. Shri Misra (DIN: 07464700) will serve as the Government Nominee Director, succeeding Shri Mohammad Afzal until further orders. Consequently, the Board of Directors appointed Shri Diwakar Nath Misra as the Government Nominee Director on the Board of NHPC Limited effective May 14, 2026.Shri Misra is a senior officer of the Indian...

Transgene Biotek Ltd to Hold Board Meeting to Approve Q4 FY26 Financial Results Transgene Biotek Ltd has scheduled a Board of Directors meeting for Friday, May 29, 2026. The meeting aims to review and approve the company's financial performance for the recently concluded quarter and financial year.The primary agenda item for the board is the consideration and approval of the Audited Financial Results of the company. This includes both the Standalone and consolidated financial statements for the fourth quarter and the financial year ended March 31, 2026.In addition to approving the annual results, the board meeting will also address any other business matters, subject to the permission of the Chair.Stock Price Movement As we stand...

Zuari Agro Chemicals Limited Receives Interim Order from Ministry of Corporate Affairs Zuari Agro Chemicals Limited confirmed receiving an Interim Order from the Regional Director, Western Region-I, Ministry of Corporate Affairs, Mumbai. The order relates to a compounding application concerning alleged non-compliances under the Companies Act, 2013.The action stems from a compounding application filed under Section 441 of the Companies Act, 2013, concerning alleged violations under Section 129 of the Companies Act, 2013 read with IND AS-36.The company detailed the key aspects of the order, which was received on May 14, 2026. The alleged violation pertains to non-compliance with IND AS-36 related to the impairment assessment and...

IHC Group Completes Major Investment in Sammaan Capital, Positioning Company as IHC Group Company Sammaan Capital Limited has entered a new chapter following a significant investment and open offer by International Holding Company PJSC (IHC). With the completion of the transaction, Sammaan Capital is now designated an IHC Group Company, with IHC assuming the role of the promoter and controlling shareholder of the company.IHC is globally recognized as one of the world's largest listed investment companies. The firm reports a market capitalization of approximately USD 232 billion and total assets of USD 117 billion, maintaining a presence across more than 100 countries. India remains one of IHC's top two global strategic markets, and...

Welspun Corp Secures Large Order for LSAW Pipes, Boosting Global Order Book Visibility Welspun Corp Limited has reported securing a large order for the supply of LSAW Pipes from its US facility, significantly bolstering its global business pipeline.The latest transaction involves an order valued at approximately INR 700 Crore.Adding this new order to the pipeline of business secured since March 30, 2026, Welspun Corp has reported a consolidated global order book of Rs 25,350 Crore. This substantial order book reflects clear business visibility and continuity across both the company’s India and USA assets.The total order book, representing approximately US$ 2.6 billion, is slated for execution during the financial years FY27 and...

Vivid Electromech Reports Strong Financial Performance, Crosses ₹200 Crore Revenue Milestone in FY26 Navi Mumbai, May 14, 2026 – Vivid Electromech Limited, a company specializing in panel manufacturing and system integration, today announced its audited financial results for the half-year and financial year ended March 31, 2026. The company reported strong performance, with revenue surpassing ₹200 crore.The results reflect robust demand across key sectors, leading to profit growth significantly outpacing the previous year. Vivid Electromech has specialized in the manufacturing of Low Voltage (LV) and Medium Voltage (MV) electrical panels and provides integrated electrical system solutions across multiple industries, including Data...

Sammaan Capital Becomes IHC Group Company, Elevating Credit Profile with Global Financial Backing Sammaan Capital Limited has entered a new chapter following the completion of an investment and Open Offer by International Holding Company PJSC (IHC). With IHC now serving as the promoter and controlling shareholder, Sammaan Capital is officially an IHC Group Company.IHC is recognized as one of the world's largest listed investment companies, boasting a market capitalization of approximately USD 232 billion and total assets of USD 117 billion. The group maintains a significant global presence across over 100 countries. For IHC, India represents one of its top two global strategic markets, and Sammaan Capital's position as the anchor for...

Allied Blenders and Distillers Achieves Highest Annual EBITDA and PAT in FY26 Allied Blenders and Distillers Limited (ABD), a prominent spirits company in India, has announced its audited financial results for the fiscal year 2026. The company reported record annual performance, with EBITDA rising 25.8% and Profit After Tax (PAT) increasing 13.0% compared to the previous fiscal year.In a statement released on May 14, 2026, Allied Blenders provided a detailed overview of its consolidated financial performance for the fourth quarter (Q4FY26) and the full financial year (FY26).Consolidated Financial Performance Snapshot The financial results highlight significant year-over-year growth in key operational areas, although Total Income saw...

Allied Blenders and Distillers Announces Q4 Results, Recommends Dividend, and Plans Rs. 1,000 Crore Fund Raise Mumbai, May 14, 2026: Allied Blenders and Distillers Limited today announced the outcomes of its Board Meeting held on May 14, 2026. The company disclosed its audited financial results for the Fourth Quarter (Q4) and the full Financial Year (FY) ended March 31, 2026, alongside recommendations for a final dividend and plans for significant fund raising.Financial Performance and Dividend Recommendation The Board of Directors, following the Audit Committee’s recommendation, approved the annual audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2026. Allied Blenders and...

Allied Blenders and Distillers Report Related Party Transactions for Half Year Ended March 31, 2026 Allied Blenders and Distillers Limited released details concerning its related party transactions for the Half Year ended March 31, 2026. The financial reporting covers transactions with key management personnel and various subsidiaries and associated entities.The transactions encompass a variety of financial activities, including loans, investments, service procurements, and payments related to goods and services.Overview of Key Related Party Transactions The disclosed transactions involved numerous subsidiaries and affiliated parties. The material transactions detailed include, but are not limited to:Sr. No.Counterparty...

BEW Engineering Limited Completes Re-appointment of Cost Auditor for Financial Year 2026-27 BEW Engineering Limited announced the re-appointment of M/s. Gaurav Jain and Associates, Cost Accountants, as the Cost Auditor for the company. The appointment was approved by the Board of Directors on May 14, 2026, following the recommendations of the Audit Committee.The firm has been appointed to audit the company's applicable cost accounting records for the financial year 2026-27.The key details regarding the re-appointment are as follows:ParticularDetailAuditor FirmM/s. Gaurav Jain and Associates, Cost AccountantsFirm Registration No.004160Effective DateMay 14, 2026Financial PeriodFinancial Year 2026-27...

Deep Industries Reports Financial Results for Quarter and Year Ended March 31, 2026 Deep Industries Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The results reflect significant activities, including the amalgamation of a subsidiary and a major write-off of legacy trade receivables, which the company notes as a non-recurring event.Financial Results Overview The company's financial statements provide comprehensive details for both standalone and consolidated results.Standalone Financial Results For the year ended March 31, 2026, Deep Industries Limited reported a total revenue from operations of 17,935.73 Lakhs, compared to 13,643.47 Lakhs in the previous year. Total revenue for...

P N Gadgil Jewellers Details Drivers Behind Q4 FY26 Gross Margin Movement P N Gadgil Jewellers Limited provided a detailed commentary on its gross margin trends for the fourth quarter of the fiscal year 2026 (Q4 FY-26), explaining the movement relative to previous periods and outlining its future strategic focus.The company provided the commentary in Pune on May 15, 2026, offering stakeholders a transparent look at the gross margin variations and their one-time impacts.Year-on-Year Margin Analysis (Q4 FY-26 vs Q4 FY-25) The consolidated gross margins for Q4 FY-26 contracted by approximately 230 basis points (bps) when compared to Q4 FY-25. The company attributed this year-on-year dilution to three primary factors:Increased Gold...

Sai Life Sciences Limited Reveals Key Performance Indicators for Multiple Fiscal Years Hyderabad, May 14, 2026 — Sai Life Sciences Limited has released verified Key Performance Indicators (KPIs) covering performance metrics from Fiscal 2022 through Fiscal 26, alongside half-yearly data for September 30, 2023, and September 30, 2024. The data, verified by Chartered Accountants, provides insights into the company's financial and operational growth across several key dimensions.The verified metrics include critical figures such as Revenue from Operations, Material Margin, EBITDA, and various efficiency ratios, charting the company's trajectory in the biopharma sector.Key Financial and Operational Metrics The performance data presented...

Allcargo Logistics Announces Investment in Allcargo Group Services Private Limited Allcargo Logistics Limited announced that its Board of Directors approved an investment in Allcargo Group Services Private Limited on May 14, 2026. The investment pertains to the acquisition of equity shares in the entity, which was previously known as Allcargo Warehousing Management Private Limited.The company approved the private placement investment involving 2 equity shares, each with a face value of ₹10/-, valued at Rs. 1,76,840/- each.Allcargo Group Services Private Limited, which operates in the Logistics sector, has an Authorized Capital of Rs. 1,00,00,000/- (Rupees One Crore Only). The proposed investment is recognized as a related party...

Adani Green Energy Provides Update on US Litigation Involving Key Management Personnel Adani Green Energy Limited provided an update on a civil complaint filed in the United States, concerning key management personnel, Gautam Adani and Sagar Adani. The company reported that the US Securities and Exchange Commission (US SEC), along with the two individuals, filed a request for the entry of a final judgment on consent before the US Eastern District NY Court.This filing occurred on May 15, 2026, according to India Time (May 14, 2026, New York Time). The final judgment related to the civil complaint (No. 24-CV-08080) was awaited following this filing.The terms agreed upon by Mr. Gautam Adani and Mr. Sagar Adani involved consenting to...

Allied Blenders Records Highest Annual EBITDA and Targets Mid-Teens Growth with Major Capacity Expansion Allied Blenders and Distillers Limited reported a robust financial performance for the fiscal year 2026, achieving record annual EBITDA of ₹ 568 Cr. The company also detailed an aggressive expansion plan focusing on backward integration and deepening its super-premium and luxury portfolio, positioning itself for long-term growth.Record Financial Results for FY26 The company reported key consolidated financial metrics for the year ended March 31, 2026.MetricFY26FY25Year-over-Year ChangeIncome from Operations₹ 3,949 Cr₹ 3,541 Cr11.5%EBITDA₹ 568 Cr₹ 451 Cr25.8%Profit After Tax (PAT)₹ 220 Cr₹ 195 Cr13.0%EBITDA...

Allcargo Logistics Announces Strong Q4 FY26 Performance Following Domestic Supply Chain Merger Allcargo Logistics Limited announced its consolidated financial results for the quarter and full year ended March 31, 2026. The results follow the successful completion of the company’s restructuring plan and the merger of its domestic supply chain business, which comprises Express Distribution and Contract Logistics.The company began operating as a consolidated domestic logistics entity during the quarter, allowing for a more integrated approach across its express and contract logistics businesses. During Q4 FY26, the focus remained on driving operational efficiencies, strengthening pricing discipline, and enhancing service levels.Ketan...

Apple India Acquires Stake in Clean Max Taurus Private Limited; Subsidiary Status Changes Clean Max Enviro Energy Solutions Limited reported a significant change in its corporate structure after Apple India Private Limited completed the acquisition of equity shares in Clean Max Taurus Private Limited. The transaction, which occurred on 14 May 2026, resulted in Clean Max Taurus Private Limited ceasing to be a wholly owned subsidiary of the company.The acquisition was conducted on a private placement basis.Clean Max Enviro Energy Solutions Limited, which was formerly known as Clean Max Enviro Energy Solutions Private Limited, reported the transfer of ownership stakes involving its subsidiary.The details of the key transaction are as...

Sai Life Sciences Reports Strong FY26 Results, Noting 29% Topline Growth and 109% Jump in Net Profit Sai Life Sciences Limited, a leading Contract Research, Development, and Manufacturing Organization (CRDMO) in India, has announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported significant year-over-year growth across key metrics, indicating strong performance in the global life sciences sector.During the quarter, Sai Life Sciences highlighted its continued deepening of relationships with global pharmaceutical customers and its expansion of integrated CRDMO capabilities."FY26 was an important year for Sai Life Sciences as we continued to deepen our relationships with...