Markets

TVS Motor Appoints Ravindran Shanmugam as Independent Director to Guide Digital Transformation Bengaluru, May 14, 2026: TVS Motor Company (TVSM), a globally reputed two and three-wheeler manufacturer, has announced the induction of Mr. Ravindran Shanmugam as an independent director. The appointment is set to remain effective for a period of five consecutive years, pending shareholder approval.Mr. Ravindran Shanmugam brings substantial experience as a technology entrepreneur and business leader, specializing in scaling consumer-focused businesses, digital transformation, and AI-led platforms across various global markets. He currently serves as the Co-founder and Executive Chairman of Mablle, an AI-enabled interior design and...

Indian Railway Finance Corporation Announces Record High Profit and AUM Driven by Infrastructure Diversification Indian Railway Finance Corporation Limited (IRFC), a Government of India Enterprise, has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a strong financial performance, marking its first full year of strategic diversification and achieving record levels across key metrics.The financial results reflect a structural shift in IRFC's business model, moving from a traditional railway financier to a diversified infrastructure financing institution while keeping Railways at the core of its operations.Key Financial Highlights (FY 2025-26) For the financial year ended...

Meghmani Organics Announces Financial Results for FY 2026 Amid Strategic Amalgamation and Renewable Energy Investments Meghmani Organics Limited announced its financial results and details of its Board meeting held on May 14, 2026. During the meeting, the Board approved the audited standalone and consolidated financial results for the quarter and the year ended March 31, 2026, confirming an unmodified audit opinion from its statutory auditors.The company also provided updates on major strategic initiatives, including a proposed amalgamation of wholly owned subsidiaries and investments in the renewable energy sector.Financial Performance for FY 2026 The company presented detailed financial statements for the standalone and...

Shadowfax Technologies Releases Audited Financial Results for FY 2025-26 Shadowfax Technologies Limited today released its audited financial results for the quarter and year ended March 31, 2026. The filing provides both standalone and consolidated financial statements, detailing the company's performance across key operational and financial metrics.The financial filings cover the audited standalone and consolidated annual financial results, allowing stakeholders to review the company's position as of March 31, 2026, compared to the previous year.Financial Highlights for the Year Ended March 31, 2026 The company's consolidated performance data for the year ended March 31, 2026, shows significant activity across revenue and assets...

Stallion India Fluorochemicals Reports Strong Operational Resilience and Growth in FY26 Mumbai, May 13, 2026 - Stallion India Fluorochemicals Limited (SIFL), a major player in the refrigeration and industrial gas sector, has released its audited financial results for Q4 and the fiscal year 2025-26. The company reported strong performance, attributing its resilience to proactive operational strategies despite increasing global supply chain and energy market volatility.SIFL operates as a critical link in the industrial gas supply chain, focusing on processing, blending, and distributing specialized gases across sectors including air conditioning, refrigeration, and semiconductor manufacturing.Key Financial Highlights The financial...

Dilip Buildcon Limited Board Recommends Final Dividend of Rs. 1 Per Share Dilip Buildcon Limited announced that its Board of Directors recommended a final dividend on May 14, 2026. The recommendation pertains to the financial year ending March 31, 2026.The Board of Directors, at a meeting held on May 14, 2026, recommended a final dividend of Rs. 1/- (10%) per equity share.The dividend is subject to the approval of the Company's shareholders during the ensuing Annual General Meeting.DBL Stock Price Movement Dilip Buildcon Limited shares settled today, shedding 0.66% to close at ₹472.30, following an intraday session that saw the stock trade between ₹465.00 and ₹480.70. The stock's movements throughout the day were supported by a...

Tube Investments of India Limited Fixes Record Date for Final Dividend Payment Tube Investments of India Limited announced the record date for the payment of its final dividend for the financial year ended March 31, 2026.The company stated that the record date for the dividend payment is set for August 7, 2026. This dividend is declared at a rate of Rs. 1.50 (Rupee One and Paise Fifty only) per equity share.The details regarding the security code and the dividend fixation can be summarized as follows:Security CodeType of SecurityRecord DateDividend PurposeNSE-TIINDIA / BSE-540762Equity Shares of Re. 1A each7th August 2026Payment of final dividend of Rs. 1.50 per equity share for the financial year ended 31st March 2026...

Walchandnagar Industries Limited Shifts Registered Office from Mumbai to Pune Walchandnagar Industries Limited has completed the process of shifting its Registered Office from Mumbai to Pune. The move, which follows a series of formal approvals, formalizes the company's operational base expansion within the Maharashtra state.The change in the Registered Office jurisdiction was initially announced on January 29, 2026. The company subsequently received the approval from its Board of Directors on March 10, 2026, and confirmed the requisite newspaper publication on March 11, 2026.Walchandnagar Industries Limited confirmed the successful completion of the relocation following key regulatory milestones. The company received the official...

India Power Corporation Limited Announces RTA Transition Following Merger of CB Management Services India Power Corporation Limited, formerly known as DPSC Limited, has reported a significant change regarding its Registrar and Share Transfer Agent (RTA). The company confirmed that CB Management Services Private Limited has amalgamated with MUFG Intime India Private Limited.The amalgamation took effect from May 8, 2026, following an order passed by the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai.As a direct result of this merger, MUFG Intime India Private Limited will assume the role of the Registrar and Share Transfer Agent for India Power Corporation Limited, replacing CB Management Services Private...

Nakoda Group Clarifies Promoter Intentions Regarding Preferential Issue of Convertible Warrants Nakoda Group of Industries Limited, a manufacturer and exporter of candied and processed fruits, dehydrated fruits, roasted and flavoured nuts and seeds, provided an update on its proposed preferential allotment of Convertible Warrants. The details relate to the Special Resolution passed at the company’s Extra Ordinary General Meeting held on May 13, 2026.The company issued a clarification to detail the intent of the promoters, directors, and key managerial personnel concerning the proposed preferential issue.The clarification stipulated that aside from the allotted entities, no other promoters, directors, or key managerial personnel are...

Shah Metacorp Limited Receives In-Principle Listing Approval for Proposed Rights Issue Shah Metacorp Limited has received in-principle approval for its proposed rights issue of fully paid-up equity shares from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The approvals, dated May 14, 2026, allow the company to proceed with listing the equity shares issued on a rights basis.The company announced that the in-principle approval grants the permission to use the exchanges' names in the Letter of Offer for the proposed rights issue.Shah Metacorp Limited can utilize the names of both exchanges for the listing of its fully paid-up equity shares proposed to be issued on a rights basis.Approval Details...

JSW Steel Announces Record Revenue and Profit in Q4 FY26, Boosted by Slump Sale of BPSL Business JSW Steel Limited has announced its financial results for the Fourth Quarter (Q4) and the Financial Year (FY26) ended March 31, 2026. The results reflect strong operational performance and were significantly bolstered by an exceptional gain recognized from the slump sale of the BPSL steel business.Consolidated Financial HighlightsThe Company reported a total revenue from operations of ₹185,470 crores for FY26, marking a 10% year-over-year (YoY) growth compared to ₹168,824 crores in FY25.For the quarter ended March 31, 2026, the Consolidated Revenue from Operations reached ₹51,180 crores, representing a 14% QoQ increase. Reported EBITDA...

Clean Science and Technology Limited Grants 5,000 Stock Options Under Employee Stock Option Scheme Clean Science and Technology Limited announced that its Nomination and Remuneration Committee (NRC), in a meeting held on May 14, 2026, approved the grant of 5,000 stock options to eligible employees. The grant falls under the framework of the Clean Science and Technology Employee Stock Option Scheme, 2021.The approved options cover 5,000 Equity Shares of the company, each having a face value of Re. 1/-. The scheme adheres to the provisions of the SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021.The details of the grant, including pricing and vesting schedules, are structured as follows:Detail Description...

Sadhav Shipping Limited Approves Audited Financial Results and Confirms Preferential Issue Fund Utilization Sadhav Shipping Limited (SSL) announced the approval of its audited standalone and consolidated financial results for the half-year and year ended March 31, 2026. The Board of Directors meeting held on May 14, 2026, approved the financial statements, along with the statement detailing the utilization of funds raised through the company’s preferential issue.The company also issued a certificate confirming that there was no deviation or variation in the utilization of proceeds from the preferential issue for the half-year ended March 31, 2026.Financial Results Overview The audited financial statements, which are available on the...

JSW Steel to Amalgamate with BMM Ispat Limited to Boost Capacity and Operational Synergies JSW Steel Limited announced the approval of a Scheme of Amalgamation involving BMM Ispat Limited. The move, approved by the company’s Board of Directors at a meeting held on May 14, 2026, aims to integrate BMM Ispat Limited (Transferor Company) with JSW Steel Limited (Transferee Company).BMMIL operates an integrated steel facility of approximately 1 MTPA in Karnataka, which is situated near JSWL’s Vijayanagar plant. Management notes that the amalgamation is expected to create significant operational synergies. Furthermore, BMMIL possesses surplus expansion ready land, providing an opportunity for JSWL to nearly double its capacity in a faster...

HUDCO Announces FY26 Audited Results and Recommends Final Dividend of ₹1.50 Per Equity Share Housing and Urban Development Corporation Limited (HUDCO), a Government of India Enterprise, announced the outcome of its Board Meeting held on Thursday, May 14, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend for the Financial Year 2025-26.The statutory auditors of the Company provided an audit report on the Standalone and Consolidated Financial Results, confirming an unmodified opinion.Financial Results Overview HUDCO released its audited financial results for the quarter and year ended March 31, 2026. The results demonstrate a significant year-on-year...

Bhageria Industries Limited Incorporates Wholly Owned Subsidiary for Strategic Expansion Bhageria Industries Limited has announced the incorporation of a new Wholly Owned Subsidiary (WOS) named Bhageria Rare Earth Minerals Private Limited. The subsidiary was formally established on May 14, 2026.The creation of this WOS is noted as being aligned with the Company’s strategic objectives to expand its existing business operations. The subsidiary has been established with the primary industry focus of holding investments in different entities.Details regarding the newly incorporated subsidiary and the transaction structure are as follows:Particulars DetailsSubsidiary Name Bhageria Rare Earth Minerals Private LimitedDate of...

Ester Industries Reports Q4 and FY26 Results, Driven by Sustainable Polymer Demand Ester Industries Limited, a leading manufacturer of Polyester Films and Specialty Polymers, reported its unaudited financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company noted that the performance in Q4 FY26 was significantly better compared to both Q4 FY25 and Q3 FY26.Quarterly and Full Year Financial Performance The company provided performance metrics for both standalone and consolidated financials.The standalone figures showed the following trends for Q4 and FY26:Particulars - Standalone (Rs.cr) Q4 FY26 Q4 FY25 % Change FY26 FY25 % ChangeTotal Income 257.3 261.4 (1.6%) 1,059.6 1,084.9 (2.3%)...

Bombay Super Hybrid Seeds Limited Receives ICRA Credit Rating for ₹145 Crore Instruments Bombay Super Hybrid Seeds Limited has received a credit rating from ICRA Limited (ICRA) for its bank facilities, confirming ratings for a total of ₹145 Crore worth of instruments.The rating was assigned on May 14, 2026. ICRA assigned the company an overall rating across its long-term fund-based limits, with the ratings structured as follows:Instrument Amount (₹ Crore) Rating Rating ActionLong Term Fund Based - Cash Credit 121.5 [ICRA] BBB+ (Stable) AssignedLong Term - Unallocated Limits 23.5 [ICRA] BBB+ (Stable) AssignedTotal 145The rating details highlight the assignment of BBB+ (Stable) across the total facility of ₹145 Crore...

LT Foods Announces Board Decisions: Approves FY26 Results and Recommends Final Dividend Gurugram, May 14, 2026 - LT Foods Limited announced the outcomes of its Board of Directors meeting held on Thursday, May 14, 2026. The board approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, and recommended a final equity dividend for the financial year 2025-26.The company also approved the appointment of Mr. Raj Kumar Jain as an Additional Independent Director.Financial Performance and Dividend Recommendation The Board of Directors approved the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The audit report...