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Creative Newtech Secures Rs. 35.89 Crore Contract for FCI Smart Warehousing Project Mumbai, May 12, 2026: Creative Newtech Limited (NSE: CNL, BSE: 544631) has secured a major contract valued at Rs. 35.89 crore from the Food Corporation of India (FCI). This deal involves implementing the comprehensive FCI Smart Warehousing Project across 150 depots nationwide.The initiative is a key component of the Government of India's goal to modernize the supply chain and strengthen food storage infrastructure. By integrating advanced technology, the project aims to improve monitoring, visibility, and operational control within India's food storage network.Under the contract, Creative Newtech Limited will deploy a sophisticated smart warehousing...

State Bank of India Approves Long-Term Fund Raising Programme for FY 2026-27 The State Bank of India (SBI) has announced a significant outcome from its Central Board meeting, detailing plans for long-term fund raising during the Financial Year (FY) 2026-27.The Executive Committee of the Central Board of the Bank, during its meeting held on May 12, 2026, approved a comprehensive plan to examine the status and decide on long-term fund raising initiatives.The fund raising program is set to take place in single or multiple tranches and is structured to raise capital up to US$ 2 Billion.The details of the proposed long-term fund raising mechanism are as follows:ParameterDetailsMaximum Tranche SizeUp to US$ 2 Billion (US$ Two...

V-Guard Approves FY26 Financial Results, Appoints New Independent Director, Recommends Dividend V-Guard Industries Limited announced key corporate decisions following its Board meeting on May 12, 2026. The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. Key outcomes include the appointment of a new Independent Director and the recommendation of a final dividend.Financial Performance Highlights (Year Ended March 31, 2026) The company submitted its financial results detailing operational performance for the period ending March 31, 2026.Standalone Financial Results (₹ in crores)Metric31.03.202631.03.2025Total Income5,727.905,327.73Total...

Grand Foundry Limited Reports Audited Financial Results for FY 2026 and Opens Trading Window Grand Foundry Limited announced the outcome of its Board meeting, noting the audited financial results for the quarter and financial year ended March 31, 2026. The company confirmed that the Statutory Auditors, M/s A N S K & Associates, Chartered Accountants, issued an Unmodified Opinion Report on the audited financial results for the financial year ending on March 31, 2026.Following the board's consideration of the results, the company announced that the trading window for Grand Foundry Limited will be opened from May 10, 2026.Financial Position Highlights The audited financial results include the Statement of Assets and Liabilities, and...

Hoac Foods India Details Utilization of Funds Raised Through IPO and QIP Proceeds Hoac Foods India Limited has provided a statement detailing the utilization of net proceeds raised through its Initial Public Offering (IPO) and Qualified Institutions Placement (QIP) as of March 31, 2026. The review of the company's books of accounts verified the allocation and use of funds raised for the respective corporate objects.IPO Fund Utilization The company raised a total of 554.40 Lakhs through the IPO. The utilization of these funds towards the stated objects for the year ended March 31, 2026, is detailed below:Object of Fund AllocationAmount Disclosed in Offer Document (Rs. In Lakhs)Actual Utilized Amount (As on March 31, 2026)Unutilized...

Aurionpro Solutions Reports Q4 FY26 Results, Showcasing Strong Performance in Banking and Fintech Verticals Aurionpro Solutions Limited, a platform-led provider of Advanced Technology Solutions, specializes in helping enterprises accelerate Digital Innovation across the Banking, Mobility, Payments, and Government sectors. The company operates as a global provider of IP-led products, platforms, and services, maintaining a focus on chosen segments and markets with a goal of becoming a vertically integrated player across the value chain.The company has historically showcased experience catering to multiple customers in the Banking and Fintech industry across Asia and offers integrated solutions in Transit and Automatic Fare Collection...

Dynamic Cables Reports Strong Financial Performance for FY26 with Core Product Growth and Rs 808 Crs Order Book Dynamic Cables Limited (DCL) announced its financial results for the quarter and full financial year ended March 31, 2026. The company reported solid operational and financial performance, despite a volatile macroeconomic environment.Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited, commented that the company focused on high value add products during the last financial year, which resulted in higher profitability. He attributed the marked reduction in financial cost to continued financial discipline and lower interest/charges driven by credit rating enhancement. The company also noted healthy order inflows and...

Bajaj Finance Allots Secured NonConvertible Debentures Worth Rs. 2892.42 Crore Bajaj Finance Limited announced the allotment of Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee, meeting on 12 May 2026, approved the allotment of a total of 2,89,200 NCDs, with a face value of Rs. 1 Lakh each, aggregating to Rs. 2892.42 crore.The allotment was structured across two tranches, categorized as OPTION I and OPTION II.Details of Debenture Allotment The two tranches of NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The key details for both options are presented below:ParticularsOPTION I (REISSUE)OPTION II (FRESH)Number of...

Vishnu Chemicals Limited's Visakhapatnam Plant Resumes Full Operations Vishnu Chemicals Limited announced that its Parwada plant located in Visakhapatnam, Andhra Pradesh, has successfully completed its scheduled maintenance period. The company confirmed that the facility has resumed its full operations effective today, May 12, 2026.The update confirms that the plant, which was previously undergoing maintenance, is now fully operational. The resumption of services marks a key operational milestone for the company's manufacturing unit in Andhra Pradesh.VISHNU Stock Price Movement As of 2:50 PM, shares of Vishnu Chemicals Limited are shedding 0.69% in live trading, currently priced at ₹576.65. The stock has seen 67,130 shares...

V-Guard Reports 14.1% Revenue Growth in Q4 FY26; PAT Rises 23% V-Guard Industries Limited, a prominent Consumer Electricals and Electronics Company, has announced its audited financial results for the quarter and financial year ended March 31, 2026. The results highlight robust performance in the last quarter, with the company’s consolidated net revenue from operations growing by 14.1%.Q4 FY2025-26 Performance Highlights For the quarter ended March 31, 2026, the company reported consolidated net revenue from operations of Rs. 1755.27 crs. This represents a growth of 14.1% compared to the Rs. 1538.08 crs recorded in the corresponding period of the previous year.Consolidated Profit After Tax (PAT) for the quarter reached Rs. 112.13...

Jaro Institute Reports 12% Annual Revenue Growth, Highlights Strategic Partnerships and Strong Institutional Traction Jaro Institute of Technology Management and Research Limited has reported a healthy financial outcome for the financial year ended March 31, 2026, noting a 12% year-over-year growth in Total Income. The company announced key operational expansions, including major institutional partnerships and the launch of numerous new degree and certification programs across marquee universities.In terms of financial performance for the full year (FY26), Jaro recorded Total Income of INR 28,500.18 Lakhs, showing a 12% year-over-year increase compared to FY25. The company's Profit After Tax (PAT) grew by 2% year-over-year to INR...

Sakar Healthcare Approves FY2026 Financial Results, Appoints New Secretarial Auditor Sakar Healthcare Limited announced that its Board of Directors met on May 12, 2026. During the meeting, the Board considered and approved the Audited Consolidated and Standalone Financial Results of the Company for the fourth quarter and the full year ended March 31, 2026.The Board of Directors also approved the appointment of M/s. Kashyap R. Mehta & Partners, Company Secretaries based in Ahmedabad, as the Secretarial Auditors of the Company. This appointment aims to fill a casual vacancy created due to the resignation of M/s. Nishant Pandya & Associates, Practising Company Secretaries. The newly appointed auditors will conduct the Secretarial Audit...

True North Fund Sells Entire Stake in Fedbank Financial Services Limited via Block Deal Fedbank Financial Services Limited announced a significant change in its shareholding structure, detailing the complete disposal of its stake by True North Fund VI LLP.The company stated that True North Fund VI LLP, a major shareholder, divested its entire holding through a block deal conducted on the Stock Exchange mechanism. Nomura India Equity Fund, managed by Nomura Asset Management (FPI), was the recipient of the stake.According to the update, True North Fund VI LLP had previously held 2,56,95,139 Equity Shares, representing approximately 6.8644% of the paid-up equity share capital of Fedbank Financial Services Limited.Following the block...

Dynamic Cables Limited Approves Final Dividend of Rs. 0.50 Per Share Dynamic Cables Limited announced on Tuesday, May 12, 2026, that its Board of Directors approved the recommendation of a final dividend for the financial year ended March 31, 2026.During the board meeting held on May 12, 2026, the company approved the recommendation of a final dividend of Rs. 0.50 per equity share. The share has a face value of Rs. 10 each, making the proposed dividend equivalent to 5% of the face value.The dividend recommendation is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM) of the Company.The company further noted that if the dividend is approved and declared by the shareholders at the AGM, it will be...

Ethos Limited Announces Board Approvals, Elects New Director, and Releases FY2026 Financial Results Ethos Limited, the company, reported material corporate developments following its Board of Directors meeting held on May 12, 2026. The Board considered and approved the audited financial results for the quarter and financial year ended March 31, 2026, alongside the official Auditor's Report. Additionally, the Board approved the appointment of Mr. Munish Gupta as an Additional Director, falling under the category of Executive Director.New Director Appointment Mr. Munish Gupta, a qualified Chartered Accountant, has been appointed as an Additional Director (Executive Director) of the company. His tenure begins on May 12, 2026, and extends...

Saurashtra Cement Limited Approves Audited Financial Results and Appoints Statutory Auditors Saurashtra Cement Limited announced on May 12, 2026, that its Board of Directors approved the audited financial results for the Fourth Quarter and the Financial Year ended March 31, 2026. The company also confirmed the appointment of external auditors for the upcoming financial year.At a board meeting held on May 12, 2026, the Board of Directors approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026.The company reported that M/s. Manubhai & Shah LLP, Statutory Auditors, issued their audit reports on the audited financial results for the Fourth Quarter and Financial Year...

Mahindra & Mahindra Financial Services Limited Allots Rs 875 Crore in Debentures via Private Placement Mahindra & Mahindra Financial Services Limited announced the successful approval of the allotment of debentures, totaling Rs 875,00,00,000/- (Rupees Eight Hundred Seventy Five Crore Only). The funds were raised through a private placement basis.The company confirmed that its Debenture Allotment Committee approved the allotment of 87,500 Secured, Rated, Listed Redeemable Non-convertible Debentures. These debentures, with a face value of Rs. 1,00,000 per debenture, were issued at par.The total subscription amount of Rs 875 Crores represents the combination of the base issue size and the green shoe subscription.Financial details of...

Onward Technologies Sets Record Date of May 18, 2026, for Proposed Equity Share Buyback Onward Technologies Limited has announced that it has fixed May 18, 2026, as the Record Date for its proposed buyback of equity shares.The Record Date is crucial for determining the names and entitlement of the equity shareholders who will be eligible to participate in the buyback of the company's equity shares.The company issued the notice detailing this action, confirming that all eligible shareholders must be recorded on the company's books as of the specified date. The company's website remains the source for further details regarding the buyback process.ONWARDTEC Stock Price Movement As of 2:34 PM, shares of Onward Technologies Limited are...

Garware Technical Fibres Announces Buyback of Equity Shares at INR 680 Per Share Garware Technical Fibres Limited announced a proposal to buyback its equity shares, aiming to return surplus funds to shareholders and improve the company's return on equity (ROE). The board of directors approved the buyback at a price of INR 680 per equity share, payable in cash.The company's board meeting for the buyback proposal was held on May 08, 2026. The announcement was made public on May 12, 2026, following a public announcement published in major newspapers.Buyback Offer Details Under the proposed buyback, Garware Technical Fibres Limited plans to acquire up to 16,17,500 fully paid-up equity shares of the company. These shares have a face...

CRISIL Ratings Reaffirms BBB/Stable Rating for Kaka Industries Ltd's Bank Facilities Kaka Industries Ltd has received a reaffirmed credit rating from CRISIL Ratings Limited regarding its total bank loan facilities. CRISIL Ratings issued the rating on May 11, 2026.The rating agency assigned the Long Term Rating of CRISIL BBB / Stable to the company's debt instruments. The total bank loan facilities rated stand at Rs. 96.7 Crore, which is reported as an enhancement from Rs. 60 Crore.The credit rating affirms the stability of the company's debt profile across multiple facilities and financial institutions.Total Rated Facilities Overview Crisil Ratings detailed the rating parameters for Kaka Industries Ltd, noting the following...