Markets

Black Box Targets $2B Revenue Goal Driven by AI and Global Digital Infrastructure Growth Black Box Limited, a global provider of digital infrastructure solutions, outlined its strategy for achieving ambitious growth targets, aiming for approximately $2B in revenue by FY30. The company emphasized its strong market position in data center infrastructure, managed services, and specialized technology solutions across major global economies, including the USA and India.The company highlighted that its transformation journey has shifted focus entirely from merely meeting operational requirements to driving massive scale and growth. The overall vision positions Black Box as a leader in supporting the next wave of AI-driven infrastructure...

Neetu Yoshi Limited Reports Strong H2 FY26 Performance; Net Profit Rises 58.57% Mumbai - Neetu Yoshi Limited, a prominent manufacturer of customized ferrous metallurgical products, including mild steel, cast iron, and manganese steel, has announced its audited financial results for the second half of fiscal year 2026 (H2 FY26). The company reported significant growth in both total income and net profit during the period.The financial results highlight a robust year-on-year performance, reflecting the company's sustained focus on operational excellence and its position as a key supplier to Indian Railways.Consolidated Financial Highlights The company's performance data provides a clear comparison across the half-year and full-year...

Wardwizard Foods and Beverages Limited Reports 156% Revenue Jump in FY26 Wardwizard Foods and Beverages Limited, an integrated food and beverage platform, reported substantial financial growth in its audited results for the financial year and fourth quarter ending March 31, 2026. The company stated that its Revenue from Operations grew 156.23% year over year to ₹237.73 crore.The Board of Directors of Wardwizard Foods and Beverages Limited, focused on authentic Indian convenience foods across frozen foods, ready-to-eat meals, beverages, sauces, condiments, and spices, approved the audited standalone financial results during its meeting held on May 30, 2026.Audited Financial Results Overview The company’s financial performance is...

Pro CLB Global and K Globes Digital Media Partner for Strategic Investment and Acquisition Pro Clb Global Ltd announced a strategic Memorandum of Understanding (MOU) on June 1, 2026, with K Globes Digital Media Private Limited for a proposed investment and acquisition in the digital media sector.Under the terms of the MOU, Pro Clb Global Limited proposes to acquire an initial equity stake of approximately 85% in K Globes Digital Media Private Limited. Upon completion of the proposed transaction, K Globes Digital Media Private Limited is expected to become a subsidiary of Pro Clb Global Ltd. Furthermore, Pro Clb Global Ltd may increase its shareholding up to 100% in subsequent phases.The agreement outlines a significant investment...

Sayaji Hotels to Terminate Operating Agreement for Rajasthan Property Sayaji Hotels Ltd. has announced the termination of its agreement with Wonder Leopard Retreat Private Limited concerning a hotel property in Rajasthan.The agreement, originally executed on February 8, 2025, involved Sayaji Hotels Limited acting as the operator. The property, located at Building No. 01 Bijapur Road Bhagli, Sumerpur, Pali, Rajasthan 306126, was the subject of the operation, conduction, and management services.The company stated that the agreement is set to stand terminated with effect from May 31, 2026, following a management decision by the Company.Regarding the operational impact, Sayaji Hotels Ltd. confirmed that the termination of the...

KD Green Industries Subsidiary Secures UNNATI 2024 Registration for North Eastern Expansion K D Infrastructures Private Limited (KDIPL), a 99.84% subsidiary of KD Green Industries Limited (formerly Manbro Industries Limited), has been registered under the UNNATI 2024 (Uttar Poorva Transformative Industrialization Scheme, 2024). The registration was granted by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India.The registration formalizes KDIPL's status as a New Unit, enabling the subsidiary to access various incentives under the scheme, including the Capital Investment Incentive (CII), Manufacturing & Services Linked Incentive (MSLI), and Capital Interest...

Anant Raj Limited Executes MoU with Haryana Government for Data Center and Cloud Expansion Anant Raj Limited (ARL) announced on June 1, 2026, that it has entered into a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana. The agreement was executed during the launch of the "Make in Haryana Policy & Other Sectoral Policies," which was chaired by Shri Nayab Singh Saini ji, Hon'ble Chief Minister, Government of Haryana.The MoU establishes a comprehensive framework designed for collaboration and cooperation between Anant Raj Limited and various departments within the Government of Haryana. The primary objective of this partnership is to support the investment and development of...

Ruchira Papers Announces New Leadership Appointments Following Shareholder Vote Ruchira Papers Limited has announced key appointments to its board, confirming the designation change of Sh. Jatinder Singh to Managing Director and the appointment of Smt. Shashi Garg as an Additional Director and Whole-Time Director (Executive Director). These decisions followed resolutions approved by the Company's members via a Postal Ballot, with the voting period concluding on May 30, 2026.The appointments are effective from April 9, 2026, and provide leadership continuity following the demise of the erstwhile Managing Director, Sh. Umesh Chander Garg, on January 23, 2026.Jatinder Singh Appointed Managing Director The Company confirmed the...

Jainik Power Cables Limited Achieves Full Operational Readiness with Key BIS Certifications for Power Cables Jainik Power Cables Limited has announced a significant milestone, confirming that its manufacturing facility is fully operational. The company is now equipped to undertake large-scale production and supply of Aluminium Conductors and Power Cables for utilities, EPC contractors, infrastructure projects, industrial customers, and government organizations across India.In a move that strengthens its commitment to quality and regulatory compliance, Jainik Power Cables Limited has successfully obtained major Bureau of Indian Standards (BIS) certifications required for manufacturing and supplying a comprehensive range of Aluminium...

Gradiente Infotainment Limited Approves Audited Financial Results for March 2026 Gradiente Infotainment Limited announced the outcome of its Board Meeting held on May 30, 2026. The Board approved the Audited Standalone Financial Results of the Company, along with the Audit Report, for the quarter and year ended March 31, 2026.The Board Meeting commenced on May 30, 2026, at 4:00 P.M. and continued until it concluded on Monday, June 1, 2026, at 6:10 P.M. The company's audited standalone financial results for the quarter and year ended March 31, 2026, were also made available in the filing.Quarterly and Annual Financial Highlights The financial results presented showed varying revenue and profit trends across the reporting periods...

Anzen India Energy Yield Trust Reports Strong Growth Amidst India's Energy Transition Anzen India Energy Yield Plus Trust (Anzen InvIT) released its Investor Presentation for the quarter ended March 31, 2026, detailing its operational performance and portfolio structure amidst the broader energy transition in India. The Trust reported significant growth in its Asset Under Management (AUM) and consistent returns, underpinned by its diverse portfolio of solar and transmission assets.The presentation highlighted the Trust's trajectory, noting that AUM has increased by approximately 3 times since its listing. Operational performance metrics demonstrated substantial growth, reporting approximately 2.6 times growth in total income and 2.3...

Harshdeep Hortico Signs Letter of Intent with Ugaoo Agritech for ₹12 Crore Supply Deals Harshdeep Hortico Ltd has entered into a Letter of Intent (LOI) with Ugaoo Agritech Private Limited, a company operating in the gardening and horticulture sector. The LOI outlines the mutual interest of the two parties for the proposed supply of flowers and pots/planters.The arrangement, which covers the Financial Year 2026-27, positions Harshdeep Hortico Ltd to further strengthen its market presence in the horticulture and garden products segment.Under the LOI, Ugaoo Agritech Private Limited intends to place orders for products sourced from Harshdeep Hortico Limited. The indicative aggregate value for the supply during the Financial Year 2026-27...

The Investment Trust Of India Limited Transfers Fund Management Business to Subsidiary The Investment Trust of India Limited (TITL) has approved the transfer of its fund management and advisory business to its wholly-owned subsidiary, ITI Asset Management Limited (ITI AMC). This transaction aims to consolidate and streamline the Group’s asset and fund management activities.The board decision involves the transfer of key businesses related to two specific funds: the ITI Long Short Fund, which is a SEBI-registered Category III Alternative Investment Fund, and the ITI Long Short Equity Offshore Fund (IFSC).ITI AMC will assume responsibility for the investment management, advisory, and related fund management functions for both the ITI...

CDG Petchem Delivers Stellar Financial Performance Amid Strategic Shift in FY 26 CDG Petchem Ltd. reported stellar financial performance for the fiscal year 2026. The company announced its successful strategic transformation during FY 26, marking the beginning of a new growth chapter for its business profile.The company has outlined three key strategic developments that reshaped its operations over the last year. Firstly, CDG Petchem was acquired by Jujhar Constructions and Travels Pvt. Ltd., which now serves as the promoter. This acquisition brings experienced leadership and a long-term growth vision to the entity.Furthermore, as part of its transformation, CDG Petchem strategically pivoted into the specialized logistics business...

Vishnusurya Projects and Infra Reports FY26 Results; Achieves 30% Revenue Growth and Wins Major Water Infrastructure Projects Vishnusurya Projects and Infra Limited, a leading Indian infrastructure company specializing in EPC projects and the manufacturing of construction aggregates and manufactured sand, has announced its audited financial results for the fourth quarter and full year ended March 31, 2026.The company reported a significant 30% year-on-year growth in revenue for the fiscal year 2026. The Board has also recommended a final dividend of Rs. 1 per equity share.Financial Performance Summary According to the consolidated financial summary, the company posted robust annual growth in FY26.Particulars (Rs. Cr.)Q4 FY26Q4...

Karur Vysya Bank Opens New Branch in Chennai Karur Vysya Bank Limited announced the inauguration of a new branch in Chennai. The bank's expansion effort includes the opening of the Villivakkam branch.The new branch has been assigned Branch Serial Number 903. The details of the newly opened location are as follows:S. NoBranch Serial NumberName of the BranchAddress of the BranchDate of opening1903Chennai - VillivakkamNo. 12/4, Sidco Nagar, Villivakkam, Chennai - 600 04904.06.2026The bank officially opened the Chennai - Villivakkam branch on June 4, 2026.KARURVYSYA Stock Price Movement Shares of Karur Vysya Bank Limited slipped by 0.95% today, settling at ₹286.30 in post-market trading. The equity recorded a robust trading...

Government of India Unveils ₹5 Stamp Honouring Mangal Family Business Legacy Ahmedabad, June 1, 2026: The Government of India unveiled a ₹5 Corporate Stamp, recognizing the enduring business legacy of the Mangal family. The stamp pays tribute to Late Shri Tejmal Ji Mangal, whose entrepreneurial vision laid the foundation for the Mangal family business in 1942.In a ceremony held at the headquarters of Mangalam Worldwide Limited (MWL) in Ahmedabad, the stamp was unveiled in the presence of Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited. Also present were Mr. Chandragupt Prakash Mangal and Mr. Chanakya Prakash Mangal, representing the fourth generation of the family business.The unveiling marked a tribute to the...

D.P. Wires Ltd Issues Clarification Regarding Related Party Transaction for FY2025 D.P. Wires Ltd has issued a clarification concerning the reporting of a related party transaction for the financial period ended March 31, 2026. The company addressed the issue of an incorrect value being reported for the transaction approved by the Audit Committee.The clarification noted that the discrepancy arose due to an inadvertent clerical error in the filing process. Specifically, the value reported in the "Value of the Related Party Transaction as approved by the Audit Committee" tab was inaccurate.D.P. Wires Ltd confirmed that the error was purely clerical and unintentional. The company identified the discrepancy during an internal review and...

SEBI Overhauls InvIT Accounting: Debt Funding for Major Maintenance Now Eligible for Cash Flow Add-Back SEBI has issued a crucial consultation paper proposing a significant change to the calculation of Net Distributable Cash Flows (NDCF) for Infrastructure Investment Trusts (InvITs). The proposed framework allows InvITs to factor in payments for Major Maintenance (MM) expenses that have been financed through external debt.This move directly addresses industry concerns, facilitating the monetization of vital infrastructure assets like roads while stabilizing capital structures. The proposal introduces comprehensive safeguards and enhanced disclosure requirements to maintain investor confidence.Why the Change? Addressing the Industry...

Harsha Engineers Recommends Rs 1.5 Dividend Per Share for FY 2026 Harsha Engineers International Limited announced that its Board of Directors recommended a dividend payout of Rs 1.5 per equity share for the Financial Year ended March 31, 2026. The recommendation was made at a board meeting held on May 7, 2026. The company stated that the share has a face value of Rs 10 each.The dividend payout, effective for the Financial Year 2026-27, is subject to tax deduction at source (TDS), as dividend income paid on or after April 1, 2020, is taxable in the hands of shareholders.TDS Implications for Shareholders The Company outlined specific TDS requirements based on the residential status and documentation provided by the shareholder.For...