Markets

Accent Microcell Limited Announces Board Re-appointments Following Board Meeting Accent Microcell Limited held its Board of Directors meeting on May 12, 2026, announcing the re-appointment of key personnel for further terms. The appointments, which were made on the recommendation of the Nomination and Remuneration Committee and are subject to shareholder approval, cover roles including Executive Chairman, Managing Director, and Whole-time Directors.The board approved the re-appointments for three consecutive years for four key executives. The individuals re-appointed included Mr. Vasant Vadilal Patel as Executive Chairman and Whole-time Director; Mr. Ghanshyam Arjanbhai Patel as Managing Director and CFO; Mr. Nitin Jasavantbhai Patel...

TechD Cybersecurity Establishes Knowledge Partnership with Sankalchand Patel University for Cybersecurity Education TechD Cybersecurity Limited, formerly TechDefence Labs Solutions Ltd., has announced a significant collaboration with Sankalchand Patel University (SPU), Visnagar, Gujarat. The company executed a Memorandum of Understanding (MoU) with the NAAC 'A' accredited university on May 9, 2026. This partnership aims to establish a comprehensive knowledge-partnership focused on delivering industry-integrated cybersecurity education across SPU's undergraduate and postgraduate programs.Under the terms of the MoU, TechD Cybersecurity Limited has been positioned as the exclusive knowledge partner for SPU for cybersecurity-focused...

L&T Technology Services and Emerson Form Strategic Partnership to Boost Global Engineering R&D L&T Technology Services (LTTS) has announced a strategic global partnership with Emerson, leveraging combined engineering capabilities and advanced testing technology to drive innovation across multiple industries.The collaboration sees LTTS, a global leader in AI, Digital and Engineering R&D services, acting as a global System Integrator and technology development partner for Emerson, a leading global automation provider. This strategic engagement is set to accelerate system integration and product development.Under the partnership, LTTS will support the design, deployment, and lifecycle enablement of advanced systems engineering...

Sudarshan Colorants Approves FY26 Financial Results and Names Interim CFO Sudarshan Colorants India Limited announced key governance and financial updates following its Board of Directors meeting held on May 11, 2026. During the meeting, the board approved the standalone audited financial results for the quarter and financial year ended March 31, 2026, and approved several key managerial appointments.The board also approved the appointment of PricewaterhouseCoopers Services LLP, Chartered Accountants, to serve as the Internal Auditor for the Financial Year 2026-27.Key Personnel and Governance Changes The board approved the appointment of Mr. Nilkanth Natu as the Chief Financial Officer (Interim), Key Managerial Personnel, and Senior...

Sankalchand Patel University Partners with TechD Labs to Launch Industry-Grade Cybersecurity Programs Sankalchand Patel University (SPU), Visnagar, and TechD Cybersecurity Limited, operating as TechDefence Labs, Ahmedabad, have established a comprehensive knowledge partnership via a Memorandum of Understanding (MoU). The collaboration aims to deliver industry-grade cybersecurity education directly on the SPU campus, addressing the growing technical skill gap in the national job market.The partnership emerges against a backdrop of a significant cybersecurity workforce gap in India, which is estimated to be over one million unfilled professionals. Industry recruiters have noted that engineering graduates frequently lack hands-on...

South West Pinnacle Exploration Secures Over ₹ 22.68 Crores in New Exploration and Drilling Work Orders South West Pinnacle Exploration Limited (SWPE) has been awarded three Letters of Award (LOA) and Work Orders, totaling over ₹ 22.68 Crores (including GST). These contracts are for providing exploration, drilling, and related support services across the states of Odisha and Rajasthan.The awarded contracts involve work from two major clients: Odisha Lift Irrigation Corporation Ltd and Hindmetal Exploration Services Private Ltd.The financial details of the work orders are as follows:Client/Issuing Body State Service Type Approximate Value (Including GST)Odisha Lift Irrigation Corporation Ltd Odisha Installation of deep...

Mobavenue AI Tech to Hold Board Meeting on May 15, 2026, to Approve Financial Results Mobavenue AI Tech Ltd, formerly known as Lucent Industries Limited, has scheduled its Board of Directors meeting for Friday, May 15, 2026. The meeting aims to address several key corporate matters, most notably the consideration and approval of the company's audited financial results and the potential declaration of a final dividend.The primary focus of the board meeting includes considering and approving the Audited Financial Results (Standalone and Consolidated) for both the quarter and the year ended March 31, 2026.In addition to reviewing the year's performance, the Board is scheduled to consider and declare any Final Dividend on the paid-up...

Voltas Limited Receives Judgment in Qatar Court Case; Payments and Bank Guarantees Defined Voltas Limited has received a judgment from the First Commercial Appellate Circuit (Court of Appeal) in Qatar regarding a pending litigation involving the company and the Joint Venture of OHL International, Spain, and Contrack (Cyprus) Limited. The judgment, pronounced on May 4, 2026, addresses claims and counterclaims filed by the respective parties.The litigation involves Voltas Limited versus the Joint Venture of OHL International, Spain, and Contrack (Cyprus) Limited and Others. The Company confirmed that the English translation of the judgment was received on May 9, 2026, detailing the outcomes of the dispute.Key Outcomes of the Judgment...

New India Assurance Reports 61% Jump in PAT for Q4 FY26, Highlights Market Share Gains The New India Assurance Company Limited, a Government of India undertaking, announced the audited financial results for the quarter and financial year ended March 31, 2026. Management noted that the company's Gross Written Premium grew by 8.2% during the year, enhancing its market share from 12.56% to 12.74% during the period.In a positive development, the profit after tax (PAT) improved by 40% for the financial year 2025-2026 and recorded an impressive 61% increase for the fourth quarter.During the year, the company absorbed the full impact of wage revisions and family pension revisions, amounting to Rs 3,525 Crore. The entire impact of the...

Butterfly Gandhimathi Appliances Reports Strong Growth for Q4 FY26 and Full Year 2026 Butterfly Gandhimathi Appliances Ltd. announced its standalone financial results for the quarter and year ended March 31, 2026. The report highlighted significant growth across key operational categories, with revenues reaching Rs. 218 Cr in the fourth quarter (Q4) and Rs. 943 Cr for the full fiscal year (FY26).The company noted that the sustained growth was driven by double-digit expansion in cookers and gas stoves, which served as the primary growth engines during the quarter. Furthermore, the increasing adoption of electric cooking appliances was cited as a key trend, driven by constraints in the LPG supply. Butterfly also emphasized its continued...

Bank of Baroda Announces Key Changes in Senior Management Personnel Bank of Baroda has announced key changes in its Senior Management Personnel (SMP) and functional heads, effective May 11, 2026. The appointments and designation changes involve several senior executives, detailing their new roles, reasons for the transition, and professional profiles.The management updates include appointments for Mr. Sharma Sunil Kumar, Mrs. Manjula Devi G, and Mr. Mandva Naga Subrahmanyam. Additionally, two existing personnel, Mr. Sharma Prabhat K and Mr. Kumar Madhur, are undergoing a change in designation.The details of the management transitions are provided below:Name of SMP Designation Reason for Change Profile SummaryMr. Sharma Sunil...

United Spirits Limited Executes Amended Share Purchase Agreement, Reflecting Purchaser Changes United Spirits Limited (USL) announced the execution of an amended and restated share purchase agreement (A&R SPA) dated May 11, 2026. This agreement further formalizes the transaction that was originally disclosed on March 24, 2026, concerning the sale of equity shares of Royal Challengers Sports Private Limited (RCSPL).The A&R SPA reflects and records a structural change in the purchasing consortium, following the receipt and acceptance of a purchaser change notice dated May 4, 2026.The parties executing the A&R SPA include USL, RCSPL, Bolt IPL Holdings LLC, Big Banyan Holdings Pte. Ltd, Asia Investment Topco II Pte. Ltd, Times Internet...

Fractal Reports Strong Quarterly and Full Year Growth, Driven by AI Transformation Mumbai | May 11, 2026: Fractal Analytics Ltd announced its consolidated financial results for the quarter and year ended March 31, 2026, reporting robust growth across key segments and operational areas.In the fourth quarter of fiscal year 2026 (Q4 FY26), the company posted consolidated revenue of INR 8,863 million, marking a 17% increase year on year (YoY). This strong performance was primarily fueled by the Healthcare and Life Sciences (HLS) segment, which saw 82% YoY growth, and the Banking, Financial Services, and Insurance (BFSI) segment, which grew by 42% YoY. The Consumer-Packaged Goods and Retail (CPGR) segment expanded at 11% YoY, while the...

De Neers Tools Forms Joint Venture Company with Piyush Garg and Sarthak Goyal De Neers Tools Limited has announced the proposed formation of a joint venture company, which will be named DNSJV Private Limited or a mutually approved name. This joint venture is set up with Mr. Piyush Garg and Mr. Sarthak Goyal for the purpose of manufacturing, marketing, selling, and dealing in tools, bits, sockets, and allied products.The newly formed Joint Venture Company (JVC) will operate as a private limited company in India.Joint Venture Structure and Scope The proposed transaction involves De Neers Tools Limited partnering with Mr. Piyush Garg and Mr. Sarthak Goyal. The shareholding structure in the JVC is proposed as follows:Shareholder...

International Conveyors Acquires Equity Shares in Jain Resource Recycling Limited International Conveyors Limited has announced the acquisition of equity shares in Jain Resource Recycling Limited. The acquisition is primarily intended for investment purposes.The transaction, detailed in a filing dated May 11, 2026, outlines the acquisition of 87,105 equity shares in Jain Resource Recycling Limited. The cost of this acquisition was set at 5 Crore, utilizing a cash consideration.Details of the Target EntityJain Resource Recycling Limited operates in the Diversified Metals industry. The company was incorporated in 2022 and specializes in the recycling of non-ferrous metal scrap. Its product output includes lead, copper, and aluminium...

Hoac Foods India Approves Audited Financial Results for Half Year and Full Year Ended March 31, 2026 Hoac Foods India Limited announced that its Board of Directors approved the audited financial results for the Company for the half year and the financial year ending March 31, 2026. The results were approved during the Board meeting held on May 11, 2026.The Company released the Consolidated and Standalone Audited Financial Results for the six months and the financial year ended March 31, 2026. These results were duly reviewed by the Audit Committee and subsequently approved by the Board of Directors.Key Corporate Approvals and Governance Updates The Board of Directors considered and approved several business items during the meeting...

Manorama Industries Reports Robust Q4 and FY26 Performance in Specialty Fats and Butters Raipur, May 11, 2026: Manorama Industries Limited (BSE: 541974; NSE: MANORAMA), a pioneer in manufacturing Cocoa Butter Equivalent (CBE), specialty fats, and butters, announced its audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The company reported significant year-over-year growth across key operational metrics.For the financial year 2026 (FY26), Manorama Industries saw its Revenue increase by 76.1% Year-over-Year (YoY) to INR 13,577 Mn. EBITDA grew by 92.5% YoY to INR 3,677 Mn, and Profit After Tax (PAT) surged by 108.1% YoY to INR 2,332 Mn.Standalone Financial Performance Analysis The...

Archean Chemical Industries Recommends Final Dividend of Rs 2.50 Per Share for FY 2025-26 Archean Chemical Industries Limited announced that its Board of Directors, during a meeting held on May 11, 2026, recommended a final dividend for the financial year ended March 31, 2026. The company recommended a payment of Rs 2.50 per equity share, based on a face value of Rs 2 per share, representing 125%.The dividend payment is proposed out of the company's profits and is subject to the approval of the members at the upcoming Annual General Meeting (AGM).The company has outlined several key dates relating to the dividend payment and the AGM. The Register of Members and Share Transfer Books will be closed for these activities.The following...

Acme Solar Holdings Establishes Wholly Owned Subsidiary in Renewable Energy Sector ACME Solar Holdings Limited has incorporated a wholly owned subsidiary (WOS) to strengthen its presence in the power generation and renewable energy market. The new entity is ACME Greentech Twenty One Private Limited, which commenced operations on May 11, 2026.ACME Greentech Twenty One Private Limited is positioned to undertake businesses focused on the development, establishment, and operation of power generation and renewable energy projects. The company's registered office is located in Gurugram, Hayana, India.The incorporation structure details show that ACME Greentech Twenty One Private Limited is a wholly owned subsidiary of ACME Solar Holdings...

Manorama Industries Reports Strong Performance with 76.1% Revenue Growth in FY26 Manorama Industries Limited, a pioneer in the manufacturing of Cocoa Butter Equivalent (CBE), specialty fats, and butters, announced its financial results for the fourth quarter and the full fiscal year ended March 31, 2026.The company reported significant growth, with FY26 revenue increasing by 76.1% year-on-year (YoY) to INR 13,577.0 Million. Furthermore, EBITDA grew by 92.5% YoY to INR 3,677.1 Million, while Profit After Tax (PAT) surged by 108.1% YoY to INR 2,332.2 Million.Consolidated Financial Performance The company's consolidated financial results for the fiscal year 2026 and quarter 4, 2026, are detailed below:Particulars (in INR Millions)...