Markets

CCI Gives Green Signal to Mega FMCG Merger: Kimberly-Clark to Acquire Kenvue Inc. The Competition Commission of India (CCI) has granted approval for a major strategic merger, greenlighting the proposed acquisition of Kenvue Inc. by Kimberly-Clark Corporation. This regulatory clearance marks a significant consolidation within the global fast-moving consumer goods (FMCG) and personal care sectors.The approval follows the Agreement and Plan of Merger dated November 2, 2025, establishing Kimberly-Clark Corporation’s sole control over Kenvue Inc. The CCI’s nod paves the way for the combined entity to reshape its portfolio significantly.Key Details of the Kimberly-Clark and Kenvue Merger The transaction involves Kimberly-Clark Corporation...

Nephrocare's Subsidiary to Acquire Dialysis Center Assets in Bataan, Philippines Nephrocare Health Services Limited, through its wholly-owned subsidiary, has entered into a major agreement for the acquisition of assets related to a dialysis center in the Philippines.The transaction involves Nephrocare Health Care Services, Philippines Inc., a step-down wholly-owned subsidiary of Nephrocare Health Services Limited, and Orani Hemodialysis Center Inc.The parties executed the Asset Transfer Agreement (ATA) on May 12, 2026. Under the terms of the agreement, the subsidiary is acquiring identified assets from Orani Hemodialysis Center Inc. The acquisition pertains to a dialysis center located in Orani, Bataan, Philippines.The total...

Sagility Reports Strong Financial Results for FY26, Driven by 29.1% Revenue Growth Sagility Limited, a global provider of technology-enabled business solutions, announced its consolidated financial results for the quarter and full fiscal year ending March 31, 2026. The company reported robust performance, citing strong execution, disciplined growth, and advanced technology adoption as key drivers.The financial reports, which include an unmodified opinion from BS R & Co. LLP, highlighted significant year-over-year growth across core metrics.Key Financial Performance Highlights For the fiscal year 2026, Sagility reported consolidated revenue of ₹ 71,929 million (US$ 814.0 million). This marks a 29.1% year-over-year (YoY) growth...

Voler Car Announces Q4 and Full Year FY26 Results, Highlighting Growth in Employee Transportation Sector Mumbai, India - May 12, 2026: Voler Car Limited, a provider of employee transportation and mobility solutions, announced its audited financial results for the fourth quarter (Q4) and the full year (FY26) ended March 31, 2026. The company noted that its revenue growth was primarily driven by its expanding employee transportation operations.Key Financial Performance Highlights The company reported significant financial metrics for both the full year and the fourth quarter.According to the results, the consolidated financial figures are as follows:MetricFY26 Full Year (Lakhs)Q4 FY26 (Lakhs)Total Income5,544.2431,469.18...

Alicon Castalloy Approves Interim Dividend, Reviews FY 2026 Financial Results Alicon Castalloy Limited announced key outcomes from its Board of Directors meeting held on May 12, 2026. During the meeting, the Board reviewed and approved the audited financial results for the quarter and financial year ended March 31, 2026. The Board also declared an interim dividend and appointed the company's Internal Auditor for the financial year 2026-27.Financial Review The Company approved the audited financial results, presenting both standalone and consolidated figures for the quarter and the full financial year ended March 31, 2026. The consolidated results show the total income for the year at 1,72,378.84 lakhs.The following table summarizes...

Tata Power Reports Strong Q4 FY26 and FY26 PAT Growth, Driven by Operational Efficiency Tata Power Company Limited, a major player in India's power sector, reported a strong financial performance for the fourth quarter and the full financial year ending March 31, 2026. The company announced a Reported Profit After Tax (PAT) of ₹ 1,416 crore for Q4 FY26, marking an 8% year-over-year (YoY) increase. For the full fiscal year 2026, the Reported PAT reached an all-time high of ₹ 5,118 crore, up 7% YoY.The robust performance was attributed to strong operational efficiency and robust business performance across its diverse verticals.Financial Performance Snapshot The consolidated financials reflect significant growth in EBITDA and total...

Master Trust Limited Re-Appoints Romesh K. Aggarwal & Associates as Internal Auditor for FY 2026-2027 Master Trust Limited has announced the re-appointment of M/s. Romesh K. Aggarwal & Associates, Chartered Accountants, to serve as the company's Internal Auditor for the Financial Year (FY) 2026-2027. The firm, which holds the registration number 000711N, will conduct internal audit services for the company for the specified financial year.The appointment details highlight the extensive professional profile of the auditing firm. M/s. Romesh K. Aggarwal & Associates provides a wide range of services, including Corporate Finance, Statutory Audits, Bank Audits, Internal Audits, Forensic Audits, Special Investigative and Transaction...

Patel Integrated Logistics Reports Quarterly and Annual Results for FY26; Dividend Recommended at Rs. 0.40 Per Share Mumbai, May 12, 2026: Patel Integrated Logistics Limited announced the audited consolidated financial results for the quarter and financial year ending March 31, 2026. Following the announcement, the Board of Directors recommended a dividend of Rs. 0.40 per equity share for the fiscal year.The company reported strong operational performance across both the quarterly and annual periods, reflecting sustained growth in the logistics sector.Quarterly Performance (Q4 FY26) For the quarter ended March 31, 2026, Patel Integrated Logistics recorded significant year-over-year increases. Total Income from Operations climbed by...

Pushpa Jewellers Calls Off Preferential Issue of Warrants After Shareholder Non-Approval Pushpa Jewellers Limited has cancelled its proposed preferential issue of Convertible Equity Share Warrants after the resolution failed to gain approval from the company's shareholders.The company initially approved the issuance of 20,00,000 (Twenty Lakhs) Convertible Equity Share Warrants. This proposal was sanctioned by the Board of Directors at its meeting held on April 08, 2026. The Warrants were intended to be issued on a preferential basis to the Promoter, Promoter Group, and Public Investors, contingent upon receiving necessary shareholder and regulatory approvals.To secure the necessary mandate, Pushpa Jewellers convened an Extraordinary...

Tata Investment Corporation Recommends Rs. 3.40 Dividend Per Equity Share Tata Investment Corporation Limited has recommended a dividend of Rs. 3.40 per Equity Share of Re. 1/- each (340%) for the financial year ended March 31, 2026. The recommendation was made by the Company's Board of Directors during a meeting held on April 21, 2026, and is subject to shareholder approval at the ensuing Annual General Meeting (AGM).The Company has outlined several critical dates related to the dividend cycle. Key dates are as follows:EventDateAGM dateJuly 1, 2026, at 11.00 a.m. (IST)Record dateJune 10, 2026Dividend payout dateOn or after July 2, 2026Last date to submit tax related documentsJune 5, 2026The dividend, if approved...

Neuland Laboratories Announces Q4 FY26 Results: Total Income Hits Rs. 788.7 Crore Hyderabad, India, May 12, 2026 - Neuland Laboratories Limited (NLL), a pharmaceutical manufacturer, announced its financial results for the year ended March 31, 2026. The company specializes in providing active pharmaceutical ingredients (APIs), complex intermediates, and custom manufacturing solutions services to customers in approximately 80 countries.Speaking on the performance, Neuland Laboratories Limited Chief Executive Officer and Managing Director, Mr. Saharsh Davuluri, stated that the company concluded FY26 on a strong note, aligning with original expectations. He highlighted the good business visibility in the short to medium term, which is...

Master Trust Limited Announces FY Results, Approves Re-appointment of Auditor Master Trust Limited held its Board of Directors meeting on May 12, 2026, and approved the audited financial results and statements for the quarter and the full financial year ended March 31, 2026. The board also formalized decisions regarding the company’s internal audit structure and management appointments.Financial Performance Review The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. The company also approved the Audited Financial Statement (Standalone & Consolidated) for the financial year ended March 31, 2026.Key financial highlights for the year ended March 31, 2026, are...

Apollo Micro Systems Allots 13,000 Equity Shares Through Warrant Conversion Apollo Micro Systems Limited announced the allotment of 13,000 equity shares of Re. 1/- each. The allotment was approved by the Company’s Securities Allotment Committee on May 12, 2026, following the conversion and exchange of warrants issued to an allottee.The transaction follows an initial allotment of 3,80,67,058 warrants, each convertible into one equity share, on a preferential basis to 30 allottees.The allotment of the 13,000 equity shares was approved after the receipt of funds aggregating to Rs. 11,11,500. This amount was received as the 'Warrant Exercise Price' from Ms. Lata Dhiraj Shah.The conversion of warrants led to a material increase in the...

Gopal Snacks Limited Announces Q4 Financial Results, Declares Interim Dividend Gopal Snacks Limited announced the outcomes of its Board Meeting held on May 12, 2026. The company declared a 3rd Interim Dividend and released its audited standalone financial results for the quarter and year ended March 31, 2026.The company confirmed that the Statutory Auditor, M/s. Maheshwari & Co., Chartered Accountants, issued an Audit Report providing an unmodified opinion on the audited standalone financial results for the year ended March 31, 2026.Dividend Declaration and Record Date At the Board meeting, the company declared a 3rd Interim Dividend of ₹0.40 per share (representing 40%) on equity shares with a face value of ₹1 each for the...

JITF Infralogistics Limited Releases Financial Results for the Quarter and Year Ended March 31, 2026 JITF Infralogistics Limited has announced its audited financial results for the quarter and the full year ended March 31, 2026, providing detailed standalone and consolidated statements of accounts for investors and stakeholders.The financial results provide insights into the company’s performance across its operational segments, including Water Infrastructure, Urban Infrastructure, and Trading activities.Standalone Financial Highlights For the year ended March 31, 2026, the standalone financial statements showed a total income of 353.43 Lakhs. The profit attributable to the period stood at 22.31 Lakhs. The total comprehensive income...

Tata Power Appoints Ms. Nishi Vasudeva as Additional Independent Non-Executive Director The Board of Directors of The Tata Power Company Limited has approved the appointment of Ms. Nishi Vasudeva (DIN: 03016991) as an Additional Non-Executive Independent Director.The board meeting held on May 12, 2026, approved the appointment, which is effective from May 13, 2026. Ms. Vasudeva's tenure will continue until March 29, 2031, or until the date she reaches 75 years of age, subject to the approval of the Company's shareholders.Executive Profile Ms. Nishi Vasudeva is a distinguished Indian business executive with extensive experience in the petroleum industry. She is noted for being the first woman in India to lead an organization within...

NCLT Allows Amalgamation of Three Piramal Subsidiaries into Piramal Finance Limited The National Company Law Tribunal (NCLT) has granted approval for a Scheme of Amalgamation involving several subsidiary entities into Piramal Finance Limited. The ruling, delivered on April 30, 2026, directs the consolidation of operations of Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, and DHFL Investments Limited into Piramal Finance Limited.The amalgamation is governed by sections 230 to 232 of the Companies Act, 2013. The Transferee Company, Piramal Finance Limited (which was previously known as Piramal Capital & Housing Finance Limited), is listed on both the BSE Limited and the National Stock Exchange of India...

Dredging Corporation of India Limited Confirms Continuation of P. Uma Gandhi as CFO and General Manager (Finance) Dredging Corporation of India Limited has confirmed that Smt. P. Uma Gandhi has withdrawn her resignation from the post of General Manager (Finance). The withdrawal was approved by the Chairman on 12 May 2026.Previously, the company had informed that Smt. P. Uma Gandhi had tendered her resignation to the post of General Manager (Finance) due to personal reasons. This initial resignation, submitted on 8 April 2026, would have required her to cease acting as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company.Following the withdrawal of her resignation, Smt. P. Uma Gandhi will continue her...

Dr. Reddy's Approves FY26 Results, Recommends Dividend, and Strengthens Board Leadership Dr. Reddy's Laboratories Limited announced the outcome of its Board of Directors meeting held on May 12, 2026. The Board approved the audited financial results for the quarter and full financial year ended March 31, 2026, alongside several key corporate governance approvals, including the re-appointment of directors and the appointment of statutory auditors.The Board also recommended a final dividend of INR 8/- per equity share, subject to approval from the shareholders at the ensuing Annual General Meeting.Financial Performance Overview (FY26 Results) The company announced its audited consolidated financial results for the quarter and year...

Effwa Infra Announces FY26 and Half-Year Results, Recommends Dividend of Rs. 1 Per Share Effwa Infra & Research Limited (formerly Effwa Infra & Research Pvt. Ltd.) announced the outcome of its Board of Directors meeting held on Tuesday, May 12, 2026. During the meeting, the Board approved the standalone audited financial statements and the auditor's report for the half-year and full financial year ended March 31, 2026.The Board of Directors also recommended a dividend of 10% or Rs. 1 per equity share, which has a face value of Rs. 10. The payment of this dividend for the financial year 2025-26 is subject to the approval of the shareholders at the ensuing Annual General Meeting.The company’s statutory auditor, M/s Jignesh Savla &...