Markets

UPL Limited Approves Re-appointment of Naina Lal Kidwai as Independent Director The Board of Directors of UPL Limited has approved the proposal for the re-appointment of Ms. Naina Lal Kidwai as a Non-Executive, Independent Director. The appointment solidifies her role with the company for a second term spanning five consecutive years.The re-appointment is effective from October 01, 2026, and remains in place up to and including September 30, 2031, subject to the subsequent approval of the Company's shareholders. This decision was made following the recommendation of the Nomination and Remuneration Committee.Ms. Kidwai brings extensive expertise to the board. She currently serves as the Chairperson and Senior Advisor of Rothschild &...

Enbee Trade & Finance Ltd Appoints Mr. Abhishek Suresh Kyal as Additional Independent Director Enbee Trade & Finance Ltd announced that its Board of Directors, at a meeting held on Monday, May 11, 2026, approved the appointment of Mr. Abhishek Suresh Kyal as an Additional Non-Executive Independent Director. The appointment is effective immediately from May 11, 2026.The Board of Directors, following a recommendation from the Nomination and Remuneration Committee, has inducted Mr. Kyal into the role of Additional Independent Director. Furthermore, Mr. Kyal has been appointed as a member of the Nomination & Remuneration Committee.Mr. Abhishek Suresh Kyal brings a substantial professional background to the company. He possesses 20 years...

IndusInd Bank Partners with Masters' Union HYROX Mumbai to Boost Fitness and Wellness Engagement IndusInd Bank announced a major partnership with Masters' Union HYROX Mumbai for the upcoming edition of the globally recognized fitness race. The collaboration, which focuses on experience-led activities, is scheduled to take place from September 18 to 20, 2026, cementing the Bank's commitment to the rapidly growing fitness and wellness space.Under the partnership, IndusInd Bank will serve as the sole partner-bank, offering customers a curated race-day experience and providing priority access for on-ground registrations. The alliance strengthens the bank's image as a modern and agile financial institution, connecting with customers who...

Magadh Sugar & Energy Limited Announces Dividend, New Independent Director, and Audited Financial Results Magadh Sugar & Energy Limited announced the outcomes of its Board of Directors meeting held on May 11, 2026. The board approved the company's audited financial results for the quarter and year ended March 31, 2026, along with recommendations regarding a final dividend, the appointment of a new Independent Director, and the re-appointment of the Cost Auditor.Key Board Approvals During the meeting, the Board of Directors approved several material corporate actions, subject to subsequent shareholder approval:Financial Results: The company's audited financial results for the quarter and year ended March 31, 2026, were considered...

Incap Ltd Board to Consider FY 2025-26 Results; Trading Window to Reopen May 31 Incap Ltd announced that its Board of Directors meeting is scheduled for May 30, 2026. The meeting will address the consideration and approval of the Audited Financial results of the Company for the quarter and year ended on March 31, 2026.The Board meeting is also set to finalize the Annual General Body Meeting date, along with determining the Book Closer and Record date for the financial year 2025-26.Regarding trading restrictions, the company provided an update on the reopening of the trading window. The trading window, which had been closed since April 1, 2026, for Directors, Officers, Designated Employees, and Promoters covered under the 'INCAP...

Arfin India Ltd Approves Audited Financial Results and Key Appointments for FY 2025-2026 Arfin India Limited announced the outcome of its Board of Directors meeting, held on Monday, May 11, 2026. During the meeting, the Board considered and approved the audited financial results for the quarter and the full financial year ended March 31, 2026, on both standalone and consolidated bases.The Board also confirmed two key re-appointments for the coming financial year:Internal Auditor: Mr. Anant Patel, Cost Accountant, was reappointed as the company's Internal Auditor for the Financial Year 2026-2027, effective May 11, 2026. Cost Auditor: Ms. Ashish Bhavsar & Associates (FRN: 000387), Cost Accountants, were reappointed as the Cost...

Privi Speciality Chemicals Reports Financial Results and Recommends Dividend for FY 2025-26 Privi Speciality Chemicals Limited announced the outcomes of its Board Meeting held on May 11, 2026, disclosing its audited financial results for the quarter and financial year ended March 31, 2026. The board also recommended a final dividend and approved key appointments regarding the company's corporate governance structure.Financial Performance Overview The company disclosed both standalone and consolidated financial results for the year ended March 31, 2026.Consolidated Financial Highlights The consolidated financial results reflect the performance of the Group for the year ended March 31, 2026.Total Income reached Rs. 2,56,368.55...

Aarti Pharmalabs Announces Board Meeting for Financial Results and Dividend Consideration Aarti Pharmalabs Ltd has announced that its Board of Directors is scheduled to meet on Monday, May 18, 2026. The meeting is set to consider and approve key financial matters related to the company’s performance.During the board meeting, the company plans to address the audited financial results for the quarter and the financial year ended March 31, 2026. These results will be considered following a review by the company’s Audit Committee.Additionally, the board will consider and recommend the Final Dividend, if any, for the financial year that ended on March 31, 2026.Separately, the company also provided an update regarding its trading...

Yash Optics & Lens Limited Issues Clarification on Financial Results and Releases Standalone Statements for FY 2026 Yash Optics & Lens Limited released an update regarding its Standalone Financial Results for the half year and year ended March 31, 2026. The company issued a specific clarification to address an inadvertent error appearing in the Notes accompanying the financial results.The clarification states that a statement appearing in the Notes, which reads: 'The noticeable changes in EPS is due to the company has raised capital through initial public offer during the reporting period,' was included due to a clerical error. The company confirmed that the capital raise through the Initial Public Offer occurred in the previous...

JSW Energy Reports Record Operational Performance with Capacity Expansion, Dividend Recommendation JSW Energy Limited reported strong operational and financial performance for the quarter and the financial year ending March 31, 2026. The company announced significant capacity additions, increased sales, and recommended a dividend payout, reflecting the successful integration of recent large acquisitions.The company's Joint Managing Director and CEO, Mr. Sharad Mahendra, stated that FY26 was a pivotal year, where ambitions were translated into tangible business outcomes through strategic acquisitions, capacity expansion, and enhanced project monitoring.Operational Milestones and Capacity Growth JSW Energy's operational footprint saw...

Independent Director Balkrishna Singhania Resigns from The Grob Tea Company Limited The Grob Tea Company Limited announced the resignation of Mr. Balkrishna Singhania, an Independent Director, effective May 13, 2026. The resignation follows Mr. Singhania tendering his notice due to personal reasons and other commitments.Mr. Balkrishna Singhania's departure concludes his role as an Independent Director. Consequently, he will also cease to be a member of the Company’s Audit Committee and Nomination & Remuneration Committee.The Board of Directors expressed appreciation for Mr. Singhania’s contribution and guidance during his tenure with The Grob Tea Company Limited.In confirming the details surrounding his exit, Mr. Singhania...

Rizta Reaches 3 Lakh Unit Milestone, Fueling Accelerated Growth for Ather Energy Bengaluru, May 11, 2026: Ather Energy, a leading electric two-wheeler manufacturer in India, announced that its family scooter, the Rizta, has crossed the 3 lakh unit sales milestone within two years of its introduction. Launched in April 2024, the Rizta, Ather’s first family scooter, has become the company’s largest volume driver, playing a pivotal role in expanding Ather's reach across newer markets and consumer segments.The model reached the 1 lakh unit sales mark within 11 months of its launch and crossed the 3 lakh unit mark in the subsequent 11 months, demonstrating robust consumer demand for family electric scooters. The Rizta was responsible for...

Neopolitan Pizza And Foods Ltd Reschedules Board Meeting for June 15, 2026 Neopolitan Pizza And Foods Limited has announced the rescheduling of its Board of Directors meeting. The meeting, which was previously slated for May 13, 2026, has been moved to Monday, June 15, 2026, and will take place at the Company's registered office.The Board meeting agenda is set to cover several key corporate governance and financial matters.The primary items scheduled for discussion include:Consideration and approval of the Standalone Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026. Consideration and approval regarding the appointment of the Company’s Secretarial Auditor. Any other business with the...

GTV Engineering Limited Board Meeting Set for May 19 to Approve Financial Results GTV Engineering Limited has announced that its Board of Directors meeting is scheduled for Tuesday, May 19, 2026. The meeting will be held at the company’s registered office in Bhopal.The Board meeting is set for 2:00 PM and is convened to consider and approve crucial corporate matters, primarily focusing on the financial performance for the recent quarter and year.The agenda for the meeting includes three primary points for consideration and approval by the directors:Audited Financial Results: Consideration and approval of the Audited Financial Results for the Quarter and Year ended March 31, 2026. Auditor's Report: Review and approval of the...

Magnus Steel and Infra Lands Major Steel Supply Contract for Tata Motors Projects Magnus Steel and Infra Ltd has successfully been empanelled as an approved steel supplier for Tata Motors Limited’s upcoming manufacturing facilities in Gujarat and Maharashtra. The company has begun receiving substantial Purchase Orders through Tata Motors' project contractor, M/s. RIECO Industries Limited.This contract marks a significant strategic entry for the firm into the automotive Original Equipment Manufacturer (OEM) infrastructure supply chain. Securing the supplier position for Tata Motors' new plant construction provides Magnus Steel and Infra with a visible, multi-year revenue opportunity tied to India's expanding automobile and...

Family Trusts to Streamline Succession in Muthoot Fincorp Ltd; No Change in Control of Muthoot Microfin Limited Muthoot Microfin Limited announced that its promoter group intends to restructure the shareholding of Muthoot Fincorp Limited (MFL) through a settlement into private family trusts. The restructuring process involves multiple family trusts and was cleared by a recent exemption order, confirming that the proposed transactions are non-commercial and will not alter the total control or management of the target company.The proposed transactions are aimed at streamlining the succession and welfare of members of the Muthoot Family. The settlement of shares held by the promoters in MFL is set to take place in two phases: an initial...

SEBI Rolls Out 'Green-Channel' for AIFs: Scheme Launch Process to Speed Up Dramatically SEBI has initiated a major overhaul of the Alternative Investment Funds (AIFs) operational framework by consulting on a 'Green-Channel' mechanism. The proposed overhaul, known as GARUDA, aims to significantly reduce the bureaucratic timeline for launching new AIF schemes. This move is designed to boost capital efficiency and sustain the rapid growth of the structured investment landscape.The consultation paper, released on May 11, 2026, focuses on amending SEBI (AIF) Regulations, 2012, to facilitate faster capital deployment by AIFs across various investment categories.Streamlining the AIF Scheme Launch Process The primary objective of the...

The New India Assurance Company Announces Q4 FY26 Analyst Conference Call The New India Assurance Company Ltd (NIACL), a Government of India Undertaking and India's largest non-life insurer by gross premiums written, has scheduled an analyst conference call to discuss its financial performance for the fourth quarter of the fiscal year 2026.The company announced an analyst and institutional investor meeting, along with the dedicated conference call, set for Thursday, May 14, 2026. The discussion is focused on the financial results for Q4 FY26, which ended on March 31, 2026.Company Overview and Market Position NIACL operates as a leading non-life insurer, commanding a market share of 12.74% as of March 2026. The company maintains a...

Afcons Infrastructure Secures Major European Railway Project, Largest International Order Afcons Infrastructure Ltd has received confirmation of the client's decision, establishing the company as the most suitable bidder for a significant railway rehabilitation and construction project in Europe. This development marks the company's largest international order to date and highlights its expanding global footprint in the infrastructure sector.The project involves the rehabilitation and construction of a railway line, including the reconstruction of the existing track and the construction of a second track. Furthermore, the scope of work covers essential components beyond civil works, including overhead electrification, signaling, and...

Mold-Tek Packaging Reports 13.48% Revenue Growth and 20% EBIDTA Increase in FY26 Mold-Tek Packaging Limited announced its financial results for the fiscal year ending March 31, 2026. The company reported a total revenue of INR 886.60cr in FY26, marking a 13.48% growth compared to INR 781.32cr recorded in FY25. The operating performance also showed significant growth, with EBIDTA reaching INR 173.66cr, a 20.72% increase year-over-year.The company’s performance during the fourth quarter of FY26 also demonstrated robust growth. For Q4FY26, total revenue was INR 237.86cr, reflecting a 17.40% increase from INR 202.61cr recorded in Q4FY25. Correspondingly, the EBIDTA for the quarter stood at INR 48.10cr, which is a 23.09% increase over the...