Markets

Ethos Limited Opens Exclusive Brand Boutique at Bengaluru's Phoenix Mall of Asia Ethos Limited announced the inauguration of a new Exclusive Brand Boutique located at Phoenix Mall of Asia in Bengaluru. The expansion marks a significant milestone for the company, aiming to strengthen its luxury brand portfolio and consolidate its presence in one of India's most prominent luxury retail markets.The launch underscores Ethos Limited's commitment to making the world's most exclusive brands accessible to discerning customers across India, aligning with the company's strategic vision of delivering unparalleled luxury experiences.With the opening of the new boutique in Bengaluru, Ethos Limited now boasts 99 boutiques across India, expanding...

Great Eastern Shipping Delivers Medium Range Tanker 'Jag Pankhi' The Great Eastern Shipping Company Limited (GE Shipping) delivered its 2003 built Medium Range Tanker 'Jag Pankhi' to the buyers on May 14, 2026. The vessel had been contracted for sale in the first quarter of the fiscal year 2027 (Q1 FY27).Following the delivery, the company’s current owned fleet stands at 39 vessels. This fleet consists of 24 Tankers and 15 Dry Bulk Carriers, aggregating a total deadweight tonnage of 3.19 million dwt.The current tanker fleet is detailed as follows:Crude Tankers: 5 Product Tankers: 15 LPG Carriers: 4The dry bulk carrier component includes:Capesize: 2 Kamsarmax: 10 Ultramax: 1 Supramax: 2Looking ahead, the company has also...

Crown Lifters Reports Strong Performance for Q4 and Full Year FY25-26 Crown Lifters Limited has provided an update on its financial performance for the fourth quarter and the full fiscal year 2025-26. The company stated that despite facing multiple operational, economic, and geopolitical challenges during FY 2025-26, it achieved a new milestone in both topline and bottomline performance.In a statement from its Chairman and Managing Director, Karim Jaria, the company highlighted the resilience of its business model, disciplined capital deployment, and continued growth momentum. The strong fourth-quarter performance was supported by improved equipment utilization, steady project execution, and progressive fleet expansion.Operational...

Vedant Fashions Limited Reschedules Analyst Meeting to May 15, 2026 Vedant Fashions Limited has announced a revision to the schedule of its upcoming Analyst/Investor Meeting. The meeting, which was originally planned for May 14, 2026, has been rescheduled to Friday, May 15, 2026.The revised engagement will maintain a virtual mode of interaction, with the format structured as one-to-one meetings.The company confirmed the following changes in the meeting schedule:Earlier DateRevised DateMode of InteractionType of InteractionMay 14, 2026 (Thursday)May 15, 2026 (Friday)VirtualOne-to-oneVedant Fashions Limited stated that the discussions held during the meeting will be based solely on information already available in the...

United Spirits Limited Reports Compliance Status for Year Ended March 31, 2026 United Spirits Limited released its Annual Secretarial Compliance Report, detailing the company's adherence to various corporate governance standards for the financial year ended March 31, 2026. The report, examined by practicing Company Secretaries Makarand M. Joshi & Co., confirms the status of compliance across multiple regulatory areas.The examination covered documents and records made available by United Spirits Limited, filings made by the listed entity to the Stock Exchanges, the company's website, and other relevant documents.According to the report, United Spirits Limited has maintained a consistent record of compliance across key governance...

Sunrest Lifescience Limited Reconstitutes Audit and Stakeholders Relationship Committees Sunrest Lifescience Limited announced that its Board of Directors held a meeting on May 14, 2026. During the meeting, the Board approved the reconstitution of both the Audit Committee and the Stakeholders Relationship Committee, effective from May 14, 2026.The reconstituted Audit Committee features a mix of independent and executive directors. The committee members and their roles are detailed below:SR NO.NAMEDINPOSITION IN COMMITTEENATURE OF DIRECTORSHIP1Juhi Sawajani09811893ChairmanNon-Executive and Independent Director2Nikhilkumar Yashvntlal Thakkar07962800MemberManaging Director3Avani Ashwinkumar Shah09608898MemberNon-Executive...

MPS Limited Subsidiary App-eLearn Pty Ltd Completes Voluntary De-Registration MPS Limited has confirmed the voluntary strike off and de-registration of App-eLearn Pty Ltd, a step-down subsidiary incorporated in Australia. The de-registration was completed effective May 13, 2026, in accordance with the provisions of the Corporations Act 2001, Australia, and applicable Australian laws.The company noted that App-eLearn Pty Ltd, which holds ACN: 631 013 897, concluded its status as a step-down subsidiary of MPS Limited with this action.MPS Limited issued a statement confirming that the de-registration of App-eLearn Pty Ltd does not impact the core operations or business activities of the parent company. The firm highlighted that...

Creative Newtech Limited Announces Audited Consolidated Financial Results for Q4 and FY26 Creative Newtech Limited, a specialist in market entry and brand business, has announced its audited consolidated financial results for the fourth quarter and the full year ended March 31, 2026. The company has emphasized its focus on "Make in India"-led growth across its distribution and brand businesses.Consolidated Financial Performance The consolidated financial statements reveal substantial year-over-year growth across key metrics for both the quarter and the fiscal year.Particulars (Rs. Cr.)Q4 FY26Q4 FY25YoY%FY26FY25YoY%Total Income740.44408.7281.16%2,717.511,801.4750.85%EBIDTA (Incl. Other Income)29.3919.3152.15%104.0073.3841.73%...

Rain Industries Details Q1 2026 Commentary on Demand Outlook, Segment Synergies, and Financial Strategy Rain Industries Limited provided an overview of its business trajectory and financial position during the first quarter of 2026, covering its Standalone, Consolidated, and Segment results. The management team, including Managing Director Jagan Reddy Nellore, Vice Chairman of RAIN Carbon Inc. Gerard Sweeney, and CFO T. Srinivasa Rao, addressed key market dynamics, operational strengths, and strategies for future growth across its core business segments.Market Dynamics and Carbon Demand Outlook Discussing the future demand for calcined petroleum coke (CPC) and coal tar pitch (CTP), Gerard Sweeney stated that demand is expected to...

Chalet Hotels Reports FY26 Results: Consolidated Revenue Exceeds INR 25 Billion, EBITDA Over INR 10 Billion Chalet Hotels Limited announced its audited standalone and consolidated financial results for the fourth quarter and the full year ending March 31, 2026. The company reported robust financial performance for FY26, noting that consolidated revenue crossed INR 25 Billion and consolidated EBITDA surpassed INR 10 Billion.Financial Highlights and Overall Performance For the full fiscal year 2026, Chalet Hotels reported several key operational achievements. Consolidated Revenue (excluding residential) reached INR 20.7 Billion, representing an 18% increase year over year. The Average Room Rate (ARR) was INR 13,727, marking a 13% year...

Rashi Peripherals Recommends Final Dividend and Releases FY26 Financial Results Rashi Peripherals Limited announced the outcomes of its Board Meeting held on May 14, 2026. During the meeting, the Board approved the recommendation of a final dividend for the financial year ended March 31, 2026, along with the audited and consolidated financial results for the quarter and year ended the same date.The Board recommended a final dividend of Rs. 2.00 per Equity Share, which represents 40% of the face value of Rs. 5/- per share. The payout remains subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).Financial Highlights for FY2026 The company presented its Standalone and Consolidated Financial Results for...

Great Eastern Shipping Company Declares 4th Interim Dividend of Rs. 11.70 Per Share The Board of Directors of The Great Eastern Shipping Company Limited has announced a 4th interim dividend of Rs. 11.70 per equity share for the financial year 2025-26. The company provided comprehensive details regarding the payment structure, noting the deduction of Income-tax at source (TDS) under the Income-tax Act, 2025.The company confirmed that the dividend will be paid after deducting withholding tax, with the applicable rate varying based on the shareholder’s residential status and the documentation submitted.TDS Implications for Resident Shareholders For resident individual shareholders, the deduction rules are categorized based on the...

Tamilnad Mercantile Bank Receives Rectification Order Reducing Income Tax Demand Tamilnad Mercantile Bank Limited has announced a reduction in a prior Income Tax demand for the Assessment Year (A.Y.) 2013-14. The bank confirmed receiving a Rectification Order from the Office of the Deputy Commissioner of Income Tax, Circle 1, Tirunelveli, significantly adjusting the initially levied tax amount.The order, dated May 14, 2026, revised the demand notice that had originally been issued. The initial demand notice, which was associated with an amount of Rs. 2,04,23,11,454 (Rupees Two Hundred Four Crore Twenty-Three Lakh Eleven Thousand Four Hundred Fifty-Four Only), has been revised and reduced to Rs. 2,93,39,404 (Rupees Two Crore...

Siemens Limited Confirms Central Government Approval for Change in Financial Year Cycle Siemens Limited has confirmed the adoption of a new financial year cycle, following the receipt of an order from the Central Government. The approval sets the company's uniform financial year starting from April 1st, while also formalizing an 18-month transitional period.The central order, dated May 13, 2026, approved the operational changes to the company's financial year cycle.Previously, the Board of Directors had signaled an intention to move toward a uniform financial year cycle. The Central Government’s approval formalizes this shift, establishing two distinct periods: a transitional period and the permanent uniform cycle.The approved...

IRB Infrastructure Trust Offers Two Major BOT Highway Assets to IRB InvIT Fund IRB Infrastructure Trust (Private InvIT) has initiated a preliminary and non-binding offer to transfer two BOT highway assets to IRB InvIT Fund (Public InvIT), thereby enhancing the Public InvIT’s asset portfolio. The offer covers assets with an aggregate Enterprise Value of approximately Rs.4,663 Crs as of March 31, 2026.The Non-Binding Offer (NBO) was approved by the Board of Directors of the Investment Manager of IRB Infrastructure Trust. The two assets proposed for transfer are Solapur Yedeshi NH211 located in Maharashtra, and Chittorgarh Gulabpura NH79 located in Rajasthan. The assets collectively aggregate 1,144 Lane Kms.The assets proposed for the...

Hubtown Limited Announces Q4 and Full Year FY26 Results Hubtown Limited, a prominent Indian real estate developer focusing on premium residential and commercial projects, today announced its results for the fourth quarter and the full year ended March 31, 2026.Speaking on the company’s performance for FY26, Mr. Vyomesh Shah, MD & Co-Founder of Hubtown Limited, noted that while demand faced some moderation due to broader macroeconomic headwinds, the company maintained steady momentum across its luxury and premium residential portfolio in the Mumbai Metropolitan Region (MMR).For the fiscal year, the company reported proforma pre-sales standing at Rs. 4,382 Crore, alongside proforma collections of Rs. 1,910 Crore. The proforma...

Kaynes Technology Announces Financial Results for FY23 and Major Board Appointments Kaynes Technology India Limited announced key corporate governance updates and released its financial results for the quarter and the year ended March 31, 2026. The company's board approved the audited financial results for both standalone and consolidated entities.Financial Performance Highlights The company provided comprehensive financial data covering the quarter and year ended March 31, 2026. Key financial metrics for the Group show significant annual revenue and comprehensive income.Based on the consolidated financial statements, the Group reported the following figures:ParticularsQuarter ended March 31, 2026Year ended March 31, 2026...

Sheela Foam Completes Compensation for Fractional Entitlements Under Scheme of Arrangement Sheela Foam Limited has completed the compensation process for fractional entitlements related to a composite scheme of arrangement involving multiple entities. The distribution of sale proceeds to eligible shareholders was finalized on May 08, 2026, following the sale of fractional shares allotted under the scheme.The composite scheme of arrangement involved Belvedore International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products & Services Limited, Starship Value Chain and Manufacturing Private Limited, into Kurlon Enterprise Limited, and subsequently into Sheela Foam Limited. This arrangement received...

Fiberweb Reports ₹ 86.13 Cr Total Income for FY26; Addresses Q4 Challenges Mumbai, May 14, 2026 - Fiberweb (India) Limited, a 100% EOU manufacturer of non-woven fabrics, announced its audited financial results for the fourth quarter (Q4) and the full fiscal year 2026 (FY26).The company reported a Total Income of ₹ 86.13 Cr for FY26, alongside an EBITDA of ₹ 18.82 Cr and a Net Profit (PAT) of ₹ 10.01 Cr for the fiscal year.Key Financial Highlights The financial performance details for the last fiscal year and the fourth quarter are as follows:Particulars (₹ Cr)FY26Q4 FY26Total Income86.1310.33EBITDA18.822.80EBITDA Margin (%)21.85%27.11%Net Profit10.01(1.52)Net Profit Margin (%)11.63%(14.73)%Diluted EPS...

EPL Limited Reports Strong Quarter with 17.6% Revenue Growth in Q4 FY26 EPL Limited, a global leader in packaging, announced its financial results for the fourth quarter (Q4 FY26) and the full fiscal year ended March 31, 2026. The company reported robust performance, achieving the highest revenue growth in the last five years and marking the fourth consecutive quarter of double-digit revenue expansion.For the full fiscal year FY26, EPL Limited reported revenue of ₹ 47,631 mn, representing a 13% increase compared to FY25. The company's EBITDA for the year stood at ₹ 9,724 mn, achieving a margin of 20.4%, which was an improvement of 49 basis points year-over-year. Full-year PAT, excluding exceptional items, grew 15% to ₹ 4,171 mn.Q4...