Markets

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...

Allcargo Logistics Reports Q4 and FY26 Performance, Highlights Operational Expansion and Synergies Allcargo Logistics Limited has released its Investor Presentation detailing its financial performance for the fourth quarter and the full financial year ended March 31, 2026. The company highlighted its strategic focus on customer-centricity, technology-led solutions, and strengthening its presence in key market clusters.In a statement regarding its operational strategy, the company noted that the financial year 2026 was disciplined, marked by the merger of its consultative logistics business with its express business. Management cited visible improvements, including better yields and effective cost rationalization at both operating and...

Centum Electronics Announces FY26 Results, Dividend Recommendation, and Capital Structure Changes Centum Electronics Limited announced the outcomes of its Board of Directors meeting held on May 14, 2026. The Board approved the audited financial results (both standalone and consolidated) for the fourth quarter and the full financial year ended March 31, 2026.The Board also recommended a final Dividend of Rs. 5/- (representing 50% of the face value of Rs. 10/- per share) on the fully paid-up equity share capital. This dividend remains subject to approval by the Company's shareholders at the ensuing Annual General Meeting. The dividend is expected to be paid within 30 days of the shareholder approval.Corporate Actions and Capital...

Persistent Systems to Acquire Additional Shares Through Secondary Market Purchases Via ESOP Trust Persistent Systems Limited announced plans for the continued secondary market purchase of its equity shares by the company's ESOP Trust. This activity is aimed at meeting the vesting commitments of eligible employees under the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and the Employee Stock Option Plan 2017 (ESOP 2017).The ESOP Trust manages and administers the aforementioned employee stock option schemes, which were approved through shareholders' resolutions. When employees exercise their stock options, the Trust transfers the shares to the respective eligible employees through off-market transfer to their demat...

Hubtown Limited Announces Audited Financial Results and Key Appointments for FY 2026-27 Hubtown Limited announced the approval of its Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. The Board of Directors of the company also approved the appointment of new auditors for the Financial Year 2026-27.In its Board meeting held on May 14, 2026, the directors formally approved the audited financial results. Additionally, the Board announced the following appointments, based on recommendations from the Audit and Compliance Committee:M/s. Pipara & Co. LLP, Chartered Accountant, was appointed as the Internal Auditor for the Financial Year 2026-27. M/s. Shekhar Joshi & Co., Cost Accountant...

Diensten Tech Limited Approves Audited Financial Results for Year Ended March 31, 2026 Diensten Tech Limited announced the approval of its audited financial results for the fiscal year ended March 31, 2026, following the Board of Directors meeting held on May 14, 2026. The company's filings included comprehensive details of both consolidated and standalone financial performance, as well as statements of assets and liabilities.Financial Performance Highlights (Year Ended March 31, 2026) The company provided figures for the half year ended March 31, 2026, alongside the full year audited results.According to the statement of consolidated financial results, the total income from operations reached 11,22,167.22 ¥ Thousands for the half...

Carborundum Universal Reports Rs. 16 Crores Asset Write-down After Subsidiary Faces Operational Challenges Carborundum Universal Limited (CUMI) has reported a write-down of assets amounting to Rs. 16 Crores in its consolidated financial statements for the year ended March 31, 2026. The adjustment follows the conclusion that one of its subsidiaries, M/s. Foskor Zirconia Pty Limited (FZL), is no longer in a position to continue its operations.M/s. Foskor Zirconia Pty Limited (FZL) is a subsidiary of CUMI International Limited (CIL), which is a 100% wholly owned subsidiary of Carborundum Universal Limited and holds a 51% equity stake in FZL.The board of FZL determined that the subsidiary is not viable for continued operations. The...

Jagran Prakashan Limited: Appeals Filed Before NCLAT Regarding EOGM and Director Removal Jagran Prakashan Limited (JPL) is undergoing significant legal proceedings concerning its corporate governance and planned General Meetings. The Company’s related parties have filed appeals before the National Company Law Appellate Tribunal (NCLAT) regarding a crucial order passed by the NCLT, Allahabad.The NCLT, Allahabad, previously passed an order dated April 23, 2026, which dismissed C.A. Nos. 4, 5, and 6 of 2026. This order also vacated the stay that had been placed on convening the Extra Ordinary General Meeting (EOGM) of Jagran Prakashan Limited.Parallel to this, two appeals have been filed before the Hon'ble NCLAT.Jagran Media Network...

SKF India Limited Announces Q4 and Full Year Financial Results for FY2025-26 Pune, May 14, 2026: SKF India Limited, a leading technology and engineering bearing solutions provider for the automotive industry, announced its financial results on May 13, 2026, for the fourth quarter (Q4) and the full financial year (FY) ended March 31, 2026.For the quarter, SKF India reported standalone revenue from operations of INR 5,945.4 million and profit before exceptional items and tax of INR 533.8 million. This performance represents a +20.7% growth, driven by broad-based demand across key automotive segments, including two and three-wheelers, passenger vehicles, and commercial vehicles. The growth was supported by operational discipline...

Sigma Advanced Systems Secures Export Order for 155mm Artillery Shell Fuses Worth USD 11.4 Mn Hyderabad, 14 May 2026Sigma Advanced Systems Limited announced today that it has secured a significant export order valued at USD 11.4 Mn (approximately INR 107 Cr). The order is with a North American customer and pertains to the supply of Filled Fuses for 155mm artillery shells.The contract requires the supply of 90,000 units of Point Detonating M557 Filled Fuses. The execution of this order is scheduled to take place over a ten-month period, with deliveries expected to conclude within this timeframe.The company stated that the order is being executed using its in-house capabilities. The product was developed utilizing the company's...

Inventurus Knowledge Solutions Completes Acquisition of Arai Solutions Private Limited Equity Inventurus Knowledge Solutions Limited has successfully completed its acquisition of equity shares in Arai Solutions Private Limited. The transaction, which updates a previously reported event, was finalized on May 14, 2026.The company acquired 10,000 equity shares of Arai Solutions Private Limited. Each share has a face value of INR 10/-.According to the details released, the total consideration paid for the aforesaid event amounted to INR 11,00,00,000/-.The material details of the completed transaction are summarized below:ParameterDetailAcquiring CompanyInventurus Knowledge Solutions LimitedTarget CompanyArai Solutions...

Rashi Peripherals Reports Strong FY26 Performance, Achieving ₹158,273 Mn Revenue Driven by Q4 Growth Rashi Peripherals Limited, a leading national distribution partner for global technology brands in India, announced its financial results for the quarter and year ended March 31, 2026. The company reported strong growth momentum throughout the fiscal year, fueled by increasing demand for ICT products, sustained stocking in Tier-2 channels, and favorable pricing trends in key product categories such as Components and Storage.Financial Highlights The company demonstrated robust performance both quarterly and annually.For the quarter ended March 31, 2026 (Q4 FY26), the key financial results were:MetricValueYear-over-Year Growth...

Suzlon Energy Limited Details Vesting of Options Under ESOP 2022 Scheme Suzlon Energy Limited announced details regarding the vesting of employee stock options under its Employee Stock Option Plan 2022 (ESOP 2022). The options were granted by the Nomination and Remuneration Committee of the Board of Directors of the Company and its subsidiaries.The ESOP 2022 was formulated following the approval of the shareholders on September 29, 2022. Under the vesting schedule of the plan, 50% of the granted options were scheduled to vest on the first anniversary from the date of the grant, with the remaining 50% vesting on the second anniversary.The report outlines the comprehensive details of the options slated to vest in May 2026, covering...