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Gandhar Oil Refinery Announces Resignation of Senior Vice President at Silvassa Plant Gandhar Oil Refinery (India) Limited has reported the resignation of its Senior Management Personnel. Mr. Sanjay Bharadwaj, who served as the Senior Vice President, Manufacturing, Operations Department at the Silvassa Plant, resigned from his position.The resignation took effect from May 05, 2026. The company stated that Mr. Bharadwaj’s decision to resign was based on personal reasons.The details regarding the change in senior management personnel are summarized below:Detail Category InformationName Mr. Sanjay BharadwajFormer Position Senior Vice President, Manufacturing, Operations Department at Silvassa PlantEffective Date of...

Paradeep Phosphates Ltd Reports Robust FY26 Results, Driven by Operational Excellence and Capacity Expansion Paradeep Phosphates Ltd (BSE: 543530, NSE: PARADEEP), a leading fertilizer company in India, announced its financial results for the quarter and year ended March 31, 2026. The company reported consistent and robust financial performance for the fiscal year.For the financial year 2026 (FY26), the company recorded a significant increase in key financial metrics. Revenue from operations grew 29% year over year (YoY) to ₹ 21,826 crore. Similarly, EBITDA rose 33% YoY to ₹ 2,259 crore, while Profit Before Tax (PBT) increased 46% YoY to ₹ 1,328 crore. Net Profit After Tax (PAT) stood at ₹ 1,000 crore, marking a 52% increase YoY.In...

Adani Ports and Special Economic Zone Limited Announces Change in Chief Executive Officer Adani Ports and Special Economic Zone Limited has announced a change in its senior management team, detailing the transition in the CEO role for Ports. The company confirmed that Mr. Pranav Choudhary ceased his tenure as CEO - Ports on May 31, 2026, to pursue career opportunities outside the Adani Group.Effective June 1, 2026, Mr. Niraj Bansal has been appointed as the new CEO - Ports of the Company.Mr. Niraj Bansal brings significant experience to the role. He is a former Indian Revenue Service (IRS) officer with over 27 years of service with the Government of India. His career included retirement as Commissioner of Income Tax, followed by...

Shri Anand Mohan Appointed as Director (Technical) on the Board of CMPDIL Central Mine Planning & Design Institute Limited (CMPDIL), a subsidiary of Coal India Limited, has appointed Shri Anand Mohan as a Director (Technical) on its Board. The appointment marks an expansion of key technical leadership within the institute, focusing on mine planning and design.According to the details provided, the Ministry of Coal appointed Shri Anand Mohan as Director (Technical) on the Central Mine Planning & Design Institute Limited (CMPDIL) board. Shri Anand Mohan officially assumed the charge of Director (Technical) on May 11, 2026.His tenure is effective from the date of assumption of charge until his superannuation date, set at June 30, 2028...

CarTrade Tech Delivers 12 Consecutive Quarters of Over 50% EBITDA Growth Mumbai, May 11, 2026: CarTrade Tech Limited, India's leading multi-category auto and used product platform, announced a significant profitability milestone today, reporting more than 50% Year-on-Year (YoY) EBITDA growth in each of the last 12 consecutive quarters. The company also highlighted a substantial expansion in EBITDA margins, moving from approximately 3% to 35% over the same period.The achievement underscores the company's robust brand strength, strong network effects, unique technology, and product-led execution alongside operational discipline.Over the past three years, CarTrade Tech has maintained a trajectory of profitable growth, driven by strong...

NCLT Directs Dr. Agarwal's Entities to Hold Meetings for Amalgamation Scheme The National Company Law Tribunal (NCLT), Chennai Bench, has directed Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL) to convene meetings for their respective shareholders and creditors regarding a proposed amalgamation.The order follows a joint First Motion Application filed by AEHL and AHCL. The NCLT, Chennai Bench, allowed the application during a hearing held on May 05, 2026.The formal written Order, dated May 05, 2026, stipulated the requirement for convening separate meetings for the respective stakeholder groups.The meetings are scheduled for Thursday, July 02, 2026. The purpose of these meetings is to...

Motilal Oswal Financial Services Allots 184,582 Shares Following Employee Stock Option Exercise Motilal Oswal Financial Services Limited announced the allotment of 184,582 equity shares to employees who exercised their options under the company's Employee Stock Option Scheme (ESOP Scheme).The Board of Directors' Finance Committee approved the allotment of the shares during its meeting held on Monday, May 11, 2026. The shares were allotted to option grantees who exercised their options under the company’s Motilal Oswal Financial Services Limited Employees Stock Option Scheme.The total allotment of 184,582 shares was drawn from six distinct ESOP schemes:Sr. No.Name of the SchemeNo. of Shares allotted1ESOP Scheme V15,0002ESOP...

Supreme Petrochem Limited Promoters Declare No Encumbrance on Shares as of March 31, 2026 The promoter group of Supreme Petrochem Limited has confirmed that, as of March 31, 2026, the group members have not created any encumbrance on their shares of the company, either directly or indirectly.The declaration was made by representatives of R. Raheja Investments Private Limited, affirming the status of the promoter shares.The promoter group entities involved in the declaration include several firms and investment vehicles:Entity NameNote/Key IndividualsR. Raheja Investments Private LimitedRepresentatives included Akshay Raheja (Director)Hathway Investments Private LimitedRepresentatives included Vinay Nadkarni (Managing...

HFCL Limited Secures Export Orders Worth USD 19.32 Million for Optical Fiber Cables HFCL Limited has announced that it has secured significant export orders totaling approximately USD 19.32 million, equivalent to roughly INR 183.95 crore. These orders are for the supply of Optical Fiber Cables (OFC) to international customers.The successful acquisition of these export orders is viewed as a reaffirmation of the confidence placed by the company's international clientele in HFCL's manufacturing capabilities, product quality, and technological excellence.The total export value of ~USD 19.32 million was sourced from two international customers, with the business being executed in the normal course of business. The details of the orders...

BGR Energy Systems Limited Receives GST Orders Over Alleged Turnover Variation for Three Financial Years BGR Energy Systems Limited has received orders from tax authorities regarding alleged variations in turnover across multiple financial years. The orders were issued under Section 74 of the Central Goods and Services Tax Act, 2017, and the Uttar Pradesh Goods and Services Tax Act, 2017.The company reported receiving the directives from the Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh. The orders relate to alleged discrepancies in turnover for the fiscal years 2020-21, 2021-22, and 2023-24. The date of the order was May 7, 2026, with the company receiving the communication on May 11, 2026.The...

JBM Auto Limited Board Approves FY26 Financials, Recommends Dividend, and Rebrands OEM Division JBM Auto Limited announced key decisions following its Board of Directors meeting held on May 11, 2026. During the meeting, the Board considered and approved the audited financial results and reports for the fourth quarter and the entire financial year ended March 31, 2026.The Board’s recommendations included approving a Final Dividend of Rs. 0.85 (Eighty Five Paisa) per fully paid up equity share for the year ending March 31, 2026.In addition to the financial approvals, the company also addressed governance and operational structure. The Board approved the re-appointment of Mr. Amol Modak, Chartered Accountant, as the Internal Auditor...

Cyber Media Research & Services Limited Announces Resignation of Company Secretary and Compliance Officer Cyber Media Research & Services Limited has confirmed the resignation of Ms. Savita Rana from the roles of Company Secretary and Compliance Officer, Key Managerial Personnel.Ms. Rana submitted her resignation to pursue an alternate career opportunity outside the organization. Her resignation is effective from the close of business hours on May 15, 2026.The Company confirmed the details of the change, noting that the resignation was submitted on May 11, 2026.The key details surrounding the change in leadership for the Company Secretary and Compliance Officer are as follows:Detail CategoryInformation ProvidedReason for...

State Bank of India General Meeting of Shareholders Scheduled for May 15, Nomination Withdrawal Confirmed State Bank of India announced that its General Meeting of Shareholders is scheduled for May 15, 2026. The meeting, which is intended for the election of four Directors to the Central Board of the Bank, will be held at 03:00 PM via Video Conferencing (VC) / Other Audio Visual Means (OAVM).The bank confirmed a change in the list of candidates, noting the withdrawal of a nomination from Shri Dharmendra Singh Shekhawat.This withdrawal means that Shri Dharmendra Singh Shekhawat’s name will be excluded from the list of candidates for the election of directors. The remaining validly nominated candidates will subsequently be put up for...

CORONA Remedies Posts Strong Financial Results, Reports 17.3% Revenue Growth and 33.4% PAT Increase in FY26 Ahmedabad | CORONA Remedies Limited, a leading India-focused branded pharmaceutical company, announced its audited financial results for the fourth quarter of fiscal year 2026 (Q4FY26) and the full fiscal year 2026 (FY26). The company reported robust financial performance, driven by concentrated brand-building initiatives, portfolio expansion, and strong operational efficiencies.The financial results showcase significant year-over-year (YoY) growth, with revenue from operations achieving 20.2% growth in Q4FY26 and 17.3% growth for the full fiscal year 2026. Profit After Tax 1 (PAT 1) saw marked increases of 43.7% in Q4FY26 and...

IHCL Reports Strong Financial Results for FY2025-26, Marking Record Quarter The Indian Hotels Company Limited (IHCL), India's largest hospitality company, announced its consolidated financial results for the fourth quarter and full year ending March 31, 2026, reporting record performance and a significant uplift across core segments.During a detailed presentation, IHCL announced key consolidated financial figures for FY2026, including a consolidated revenue of INR 9,971 crores, an EBITDA of INR 3,477 crores, and a Profit After Tax (PAT) of INR 2,084 crores. The company also proposed a dividend at 25% of the Consolidated PAT before exceptional items.Record Performance and Growth Trajectory Mr. Puneet Chhatwal, Managing Director &...

Medplus Health Services Subsidiary Faces One-Day Drug License Suspension in Delhi Medplus Health Services Limited reported that Optival Health Solutions Private Limited, a subsidiary of the company, received a suspension order for a Drug License pertaining to a store located in the state of Delhi.The action was issued by the Assistant Director, Drugs Control Administration, F-17, Karkardooma, Delhi. The suspension order was received on May 10, 2026.The violation cited falls under Rule 65 of Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945. The specific action taken was the suspension of the Drug License for one day, affecting the store situated at Gopal Nagar, New Delhi.The details of this regulatory matter are...

SRG Housing Finance Achieves INR 1,000 Crore AUM Milestone Amid Robust Growth in Q4-FY26 Udaipur, May 11, 2026: SRG Housing Finance Limited, an NHB-registered housing finance company focused on affordable housing in rural and semi-urban markets, announced its financial results for the fourth quarter and financial year ended March 31, 2026. The company reported achieving an Assets Under Management (AUM) milestone exceeding INR 1,000 Crore.During FY26, the company registered significant year-over-year growth across key metrics, including disbursements, Net Interest Income (NII), and Profit After Tax (PAT).Financial Performance Overview The financial results for the fourth quarter and the full fiscal year provide a clear view of the...

Shoppers Stop Limited Receives Requests for Promoters' Reclassification to Public Shareholder Category Shoppers Stop Limited announced on May 11, 2026, that it received requests from certain entities currently classified as part of the Promoter Group, seeking to reclassify their holdings to the 'Public Shareholder' category.The requests were received from two entities: Sycamore Properties Private Limited and Content Properties Private Limited.The data detailing the outgoing promoters and their current shareholding stands as follows:Outgoing Promoter No. of shares held % of shareholdingSycamore Properties Private Limited 0 0.00%Content Properties Private Limited 0 0.00%The company noted that the requests for...

Master Components Limited Receives Purchase Order Worth INR 1,01,75,000 for New Product Moulds Master Components Limited announced the receipt of a significant Purchase Order (PO) for the manufacturing and supply of moulds. The contract, valued at approximately INR 1,01,75,000/- excluding tax, is intended for the development of a new product.The order was received from a domestic company and covers the scope of manufacturing and supply of moulds necessary for the development of the new product line. The total consideration is approximately INR 1,01,75,000/- excluding tax.According to the details provided, the transaction is categorized as a domestic entity order and is not considered a related party transaction. The executing...

Ducol Organics And Colours Limited Approves Preferential Issue of Shares via Share Swap Ducol Organics And Colours Limited announced that its Board of Directors met on May 11, 2026, transacting a significant business action: a Preferential Issue of equity shares through a Share Swap. The board also constituted a dedicated committee and approved the notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the matter.The company plans to issue up to 17,64,697 Equity Shares of face value of Rs. 10/- each. The transaction is structured as a Share Swap, meaning the consideration is other than cash. The issue price has been determined at Rs. 170/- per Equity Share.The shares are proposed to be allotted to the...