Markets

NCLT Sanctions Composite Scheme of Arrangement for Gabriel India Limited The National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned a Composite Scheme of Arrangement on May 11, 2026. This scheme involves a multi-part corporate restructuring affecting three key entities: Anchemco India Private Limited, Asia Investments Private Limited, and Gabriel India Limited.The Scheme encompasses two primary transactions: the amalgamation of Anchemco India Private Limited (formerly known as Andasia Private Limited) into Asia Investments Private Limited, and the subsequent demerger of a specified undertaking from Asia Investments Private Limited into Gabriel India Limited.Details of the Corporate Restructuring The process is structured to...

Envirotech Systems Limited Receives In-Principle Approval for Listing of ESOP Shares Envirotech Systems Limited has secured In-Principle Approval from the National Stock Exchange of India Limited (NSE) for the listing of a significant portion of its equity shares. The approval pertains to shares to be allotted to employees under the company's Envirotech Employee Stock Option Plan 2025.The NSE granted the approval for listing up to a maximum of 9,39,500 equity shares of Envirotech Systems Limited. These shares, each having a face value of Rs. 10, are set to be allotted under the terms of the Envirotech Employee Stock Option Plan 2025 (ESOP 2025).The approval confirms the eligibility of these shares for listing, subject to the...

JB Chemicals & Pharmaceuticals Announces Q4 FY26 Results, Noting Operational Reset and Future Recovery JB Chemicals & Pharmaceuticals Limited announced its financial results for the fourth quarter of the fiscal year 2026. The company reported key figures for the quarter, highlighting a revenue of Rs. 904 crores and an EBITDA of Rs. 241 crores.The financial results indicate a Gross Margin of 70% and an EBITDA margin of 27% for Q4 FY26. Net Profit after tax stood at Rs. 101 crores, while the adjusted net profit after tax, which adjusts for non-cash ESOP charges, exceptional, and one-off items, was Rs. 150 crores.Quarterly and Full Year Performance Overview The company provided a detailed financial comparison covering Q4 FY26, Q4 FY25...

Syrma SGS Technology and Premier Energies Halt Proposed Joint Venture for K-Solare Acquisition Syrma SGS Technology Limited announced on May 11, 2026, that the proposed joint venture with Premier Energies Limited to acquire K-Solare Energy Private Limited will not be moving forward. The decision comes because certain conditions precedent outlined for the acquisition were not fulfilled.Syrma SGS Technology Limited, which operates in the renewable energy electronics sector, and Premier Energies Limited had previously discussed the potential joint venture aimed at acquiring K-Solare Energy Private Limited.The company confirmed that due to the failure to meet the necessary conditions precedent, both Syrma SGS Technology Limited and...

Moksh Ornaments Announces FY 2026 Standalone Financial Results and Approves Internal Audit Appointment Moksh Ornaments Limited announced significant operational and financial updates following the Board of Directors' meeting held on May 11, 2026. During the meeting, the company considered and approved its Audited Financial Results (Standalone) for the Quarter and Year ended March 31, 2026. Furthermore, the Board approved the appointment of M/s Mukesh Mehta & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-2027.The company also released its audited quarterly and annual financial results, which were reviewed by the independent auditor and reported an unmodified opinion.Standalone Financial...

Encompass Design India Limited Launches New Home Furnishing Brand 'Blisshome' Encompass Design India Limited, formerly Encompass Design India Private Limited, announced the launch of its new home furnishing brand, 'Blisshome'. The company reported the product launch occurred on March 26, 2026.The new brand, Blisshome, falls under the Home Furnishing and Bedding Solutions category. The product is marketed exclusively within the domestic Indian market.The key details regarding the new product launch are as follows:ParticularsDetailsName of the productBlisshomeDate of launchMarch 26, 2026Category of the productHome Furnishing / Bedding SolutionsTarget MarketDomestic MarketInternational LaunchNot ApplicableAmit...

United Drilling Tools Limited Secures Domestic Order from ONGC for Large OD Casing Pipe United Drilling Tools Limited (UDTL) has received a substantial domestic order from Oil and Natural Gas Corporation Limited (ONGC). The contract involves the supply of specialized industrial equipment in the ordinary course of the company’s business.The order specifies the supply of Large OD casing pipe with a multi start connector. Details concerning the contract awarded by the domestic entity, ONGC, indicate that the transaction falls under the commercial nature of business operations. The estimated contract value for this order is set at INR 10,35,50,000/- (Rupees Ten Crore Thirty Five Lakh Fifty Thousand only).Key details regarding the order...

SPR Auto Technologies Announces Financial Results for FY2026, Recommends Final Dividend, and QIP Proposal SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced its key corporate decisions following the Board of Directors meeting held on May 11, 2026. The company released its audited financial results for the quarter and the full financial year ended March 31, 2026. The board also recommended a final dividend and outlined plans for future fund-raising activities.Financial Highlights (Consolidated) The company released comprehensive financial statements for the standalone and consolidated entities. According to the consolidated results, the total income for the quarter ended March 31, 2026, reached 14,807...

Windsor Machines Limited to Sell Industrial Plots in Thane Area for Rs. 162.00 Crores Windsor Machines Limited has announced a proposed sale of its industrial plots, including existing building structures, located in the Wagale Thane Industrial Area, Maharashtra. The transaction, which was approved by the Board of Directors on May 9, 2026, involves selling a total area of 21,912 sq. meters.The Company confirmed that it entered into a Memorandum of Understanding (MOU) on Sunday, May 10, 2026, for the proposed sale. The buyer for the industrial plots is M/s. Allerindia Developers LLP, a limited liability partnership firm.The sale pertains to plots no. E-6 and E-6(A), located in the village of Panchpakhadi, Taluka, and District Thane...

Hexa Tradex Releases Audited Financial Results for Quarter and Year Ended March 31, 2026 Hexa Tradex Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company provided both standalone and consolidated financial statements, alongside details on segment performance, confirming the figures reflect the period from April 1, 2025, to March 31, 2026.The audit confirms that the statements provide a true and fair view in conformity with applicable accounting standards.Standalone Financial Highlights For the financial year ended March 31, 2026, the company reported a total comprehensive income of (1,870.34) and a total net worth of 1,104.91. The standalone financials show a total income of...

Clean Max Enviro Energy Solutions Completes Sale of Equity Shares of Clean Max Sapphire to Clean Max Taurus Clean Max Enviro Energy Solutions Limited, formerly Clean Max Enviro Energy Solutions Private Limited, has announced the completion of a significant share transaction. The company reported that it finalized the sale of equity shares belonging to Clean Max Sapphire Private Limited to Clean Max Taurus Private Limited on May 11, 2026.The transaction marks the conclusion of the sale of equity shares of Clean Max Sapphire Private Limited to Clean Max Taurus Private Limited.Key details regarding the involved entities and the transaction date are as follows:CompanyStatusSeller of Equity SharesClean Max Sapphire Private Limited...

Paradeep Phosphates Completes Distribution of Fractional Share Proceeds Following Composite Scheme of Arrangement Paradeep Phosphates Limited has confirmed the distribution of net proceeds to eligible shareholders concerning fractional entitlements stemming from its Composite Scheme of Arrangement. The distribution was completed on May 08, 2026, following the arrangements involving Mangalore Chemicals & Fertilizers Limited.The report certifies that the sale proceeds from the consolidated fractional entitlement were distributed to the respective eligible shareholders in proportion to their entitlements, marking the conclusion of the required distribution under the Scheme.Scheme Background The Composite Scheme of Arrangement included...

NHPC Limited's Stake in Chenab Valley Power Projects Changes Following Equity Injection NHPC Limited has announced a change in its shareholding and voting rights in its subsidiary, M/s Chenab Valley Power Projects Limited (CVPPL). The adjustment was necessitated by the receipt of an additional equity contribution from another promoter of CVPPL.The core change in stake involves NHPC Limited's interest in CVPPL. According to the announcement, the company's holding in the subsidiary has reduced from 58.16% to 50.86%.The revision in shareholding is directly attributed to the receipt of additional equity contribution from M/s Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL), which is also a promoter of CVPPL.The...

BLS International Services to Proceed with Strike Off of Wholly Owned Subsidiary BLS International Services Limited announced that its wholly owned subsidiary, Reired BLS International Services Private Limited, has been approved for striking off the corporate records.The company confirmed the closure status of Reired BLS International Services Private Limited, which is a wholly owned subsidiary of BLS International Services Limited. This update follows previous corporate announcements made on November 11, 2025, and March 31, 2026, regarding the company’s approval to close or strike off the subsidiary.According to the update, Reired BLS International Services Private Limited received notification from the Ministry of Corporate...

Canara Bank Revises Marginal Cost of Funds Based Lending Rate (MCLR) Effective May 12, 2026 Canara Bank announced revisions to its Marginal Cost of Funds Based Lending Rate (MCLR), effective May 12, 2026. The bank updated the MCLR across various tenors, detailing the shift from existing rates to the new rates.The updated rates reflect changes for tenors ranging from Overnight to Three Years.The revised MCLR structure is as follows:TenureExisting RateRate Effective May 12, 2026Overnight MCLR7.857.9One Month MCLR7.97.95Three Month MCLR8.158.2Six Month MCLR8.58.55One Year MCLR8.78.75Two Year MCLR8.959Three Year MCLR99.05CANBK Stock Price Movement Canara Bank shares today slipped 3.13% to close at ₹129.43...

Paradeep Phosphates Announces Financial Results for Q4 FY2026, Recommends Dividend Paradeep Phosphates Limited announced the outcomes of its Board meeting held on May 11, 2026, approving the financial results for the quarter and year ended March 31, 2026. The company also recommended a dividend and confirmed the re-appointment of an independent director.The Board of Directors approved the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company also recommended a dividend of Rs. 1.50 per equity share, based on a face value of Rs. 10 per share, for the financial year ended March 31, 2026, subject to approval by the members at the ensuing Annual General Meeting.Furthermore, the...

Anant Raj Limited Declares Dividend, Confirms Data Center Expansion, and Proposes Business Demerger Anant Raj Limited announced several key corporate developments following its Board of Directors meeting held on May 11, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, and declared a final dividend while also announcing plans to potentially demerge its two distinct operational units.During the meeting, the board reviewed the audited financial results (Standalone and Consolidated) and noted the company's strong expansion into the Data Center sector, which is driving significant growth.Financial Performance Snapshot The company presented its audited financial results for the quarter...

Aurionpro Solutions Limited Approves FY 2026 Results and Recommends Final Dividend Aurionpro Solutions Limited announced on May 11, 2026, that its Board of Directors held a meeting and approved the Company's audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.During the meeting, the Board also recommended a Final Dividend of Rs.2/- per equity share, which represents 20% of the face value of Rs.10/- per equity share, for the financial year ended March 31, 2026.The financial performance review included the audit report from the statutory auditors, M/s CKSP & Co LLP, which confirmed the financial results with an unmodified opinion.Financial Highlights and Audit Confirmation...

Vision Infra Equipment Solutions Reports Record Results with PAT up 93.8% for FY26 Vision Infra Equipment Solutions Limited (VIESL), a leading infrastructure and road construction equipment rental company, announced its audited financial results for the half year and full year ended March 31, 2026. The results indicate a period of strong growth, setting a record for the company across profitability, revenue, and cash generation.The company’s board of directors approved the audited financial statements during a meeting held on May 11, 2026.Financial Performance Summary The financial data for the half year and full year ended March 31, 2026, shows substantial year-over-year growth:ParticularsH2 FY26H1 FY26H2 FY25FY26FY25FY26 Y-o-Y...

Rossell Techsys Board Approves FY2026 Results and Recommends Final Dividend Rossell Techsys Limited announced on May 11, 2026, that its Board of Directors meeting had approved the audited standalone and consolidated financial results for the financial and quarterly periods ended March 31, 2026.During the board meeting, the company also recommended a final dividend for the financial year.Dividend Recommendation The Board recommended a final dividend of 0.3/- per share for the financial year ended March 31, 2026. This dividend is subject to declaration at the ensuing Annual General Meeting (AGM).Auditing Opinion The company's statutory auditors, Raghavan, Chaudhuri & Narayanan, issued an unmodified opinion on both the Standalone and...