Markets

Canara Bank Reports Strong FY26 Results: Net Profit Up 12.69% Amid 15.30% Growth in Advances Canara Bank announced its audited financial results for the quarter and full fiscal year ended March 31, 2026. The bank reported significant growth across key metrics, including a 12.11% year-on-year increase in Global Business and a 15.30% rise in Global Advances. Net Profit for the year was recorded at ₹ 19,187 Cr, marking a 12.69% increase compared to the previous fiscal year.Key Financial Performance Metrics The bank's balance sheet shows substantial expansion across its operational areas. Global Business increased by 12.11% year-on-year (y.o.y.) to ₹ 28,06,226 Cr as of March 2026. Global Deposits saw a growth of 9.71% y.o.y., reaching ₹...

Canara Bank Announces Dividend Recommendation and 24th Annual General Meeting Details Canara Bank has announced key details regarding its 24th Annual General Meeting (AGM) and the dividend recommended by its Board of Directors.The Board of Directors, in a meeting held on May 11, 2026, recommended a dividend for the Financial Year 2025-26. The proposed dividend stands at 210% on the equity shares of the Bank.The financial details of the recommended dividend are as follows:Metric ValueDividend Percentage 210%Recommended Dividend (Per Share) Rs. 4.20Face Value (Per Share) Rs. 2.00The payment of this dividend remains subject to the approval of the Bank's shareholders at the forthcoming Annual General Meeting.The Bank...

Flomic Global Logistics Ltd Re-appoints Suresh Salian as Non-Executive Independent Director Flomic Global Logistics Ltd has successfully re-appointed Mr. Suresh Salian as a Non-Executive Independent Director of the company. The re-appointment was approved by the Company’s Shareholders through a Postal Ballot.The move ensures Mr. Salian continues his tenure in a leadership capacity within the organization. This decision follows the Board of Directors meeting held on March 30, 2026, and the subsequent shareholder approval via Postal Ballot.Under the new terms, Mr. Suresh Salian has been re-appointed for a second term of five years, effective from May 30, 2026.Director Profile Mr. Suresh Salian brings extensive industry knowledge to...

CSB Bank Appoints D Lakshmi Narayanan as Head - Operations, Ensuring Leadership Continuity CSB Bank Limited announced the appointment of Mr. D Lakshmi Narayanan as the new Head - Operations, effective June 18, 2026. The bank's Board of Directors approved the move during its meeting held on Monday, May 11, 2026.The appointment positions Mr. D. Lakshmi Narayanan as part of the Bank's Senior Management. To ensure sustained leadership and a smooth transition, the bank announced that the current incumbent, Mr. K. Chandrasekhar, will continue in the role of Head - Operations until the completion of his existing term on May 31, 2027.The appointment of Mr. D Lakshmi Narayanan is set to formalize the leadership structure for the key...

Shyam Metalics and Energy Ltd Announces Financial Results, Final Dividend Recommendation, and ₹2,700 Crore Expansion Plan Shyam Metalics and Energy Limited announced key corporate actions, including the release of its audited financial results for the financial year ended March 31, 2026, a recommendation for a final dividend, and the approval of a major capital expenditure plan involving expansion across multiple divisions.The company’s Board of Directors, meeting on May 11, 2026, reviewed and approved the audited financial results for the Fourth Quarter and the full financial year ended March 31, 2026. The statutory auditors, M/s. MSKA & Associates, LLP, issued the results with an unmodified opinion.The Board also recommended a...

Committed Cargo Care Limited Approves New Director Appointment and Proposed Acquisition of Ampersand Logistics Committed Cargo Care Limited announced key outcomes from its Board of Directors meeting held on May 11, 2026, confirming the appointment of a new Independent Director and approving a preliminary agreement for a strategic acquisition. The company also provided a material update on ongoing Service Tax litigation.During the meeting, the Board of Directors approved the appointment of Mrs. Hema Suri as an Additional Non-Executive Independent Director. The appointment is effective immediately, May 11, 2026, and is valid for five consecutive years, subject to approval by the company's members in the ensuing General Meeting. Mrs...

Excel Industries Ltd. to Hold Board Meeting on May 22, 2026; Trading Window Updates Announced Excel Industries Ltd. announced that its Board of Directors will convene a meeting on Friday, May 22, 2026. The meeting is scheduled to consider and approve several key corporate matters, including the company's Audited Financial Results for the year ended March 31, 2026. Additionally, the Board will consider recommendations for any dividend for the financial year 2025-26.The company also provided an update regarding its trading window, maintaining the restriction for preventing insider trading.In continuation of previous communications, the trading window for the company's securities will remain closed until May 24, 2026. This closure is...

Nippon Life India Asset Management Ltd Approves Allotment of Equity Shares Through Multiple Employee Schemes Nippon Life India Asset Management Ltd announced on May 11, 2026, that its Allotment Committee approved the allotment of equity shares under three distinct schemes: the Employee Stock Option Plan 2019, the Employee Stock Option Scheme 2023, and the Performance Linked Stock Unit Scheme 2023.The allotments totaled a combined 1,73,481 equity shares, with a face value of Rs.10/- each.Details of Equity Share Allotments The company outlined the specifics for each allotment:1. Nippon Life India Asset Management Limited - Employee Stock Option Plan 2019 (NAM INDIA ESOP 2019) A total of 1,33,690 equity shares were allotted under the...

Deccan Cements Ltd. to Hold Board Meeting to Consider NCD and CCD Issuance Deccan Cements Ltd. announced that a meeting of its Board of Directors is scheduled for Thursday, May 14, 2026, at the company's registered office. The board meeting is set to consider major corporate proposals related to fundraising and seeking shareholder approval for the issuance of new debt instruments.During the meeting, the directors are slated to review and discuss the proposal for raising capital through the issuance of Non-Convertible Debentures (NCDs) and/or Compulsorily Convertible Debentures (CCDs). These instruments are proposed to be issued on a private placement basis.Furthermore, the meeting aims to approve the draft Postal Ballot Notice. This...

Canara Bank Reports Zero Deviation in Utilization of Issue Proceeds for Q4 FY2025-26 Canara Bank confirmed that there is no deviation or variation in the utilization of funds raised for the Quarter ended March 31, 2026. The bank also provided a detailed statement regarding the utilization of proceeds from its Non-Convertible Debt Securities (NCDs) issuance.The financial details pertain to the utilization of issue proceeds from a Private Placement of Non-Convertible Debentures. The funds were raised through a Private Placement of BASEL III TIER II 2025-26 Series I, dated February 27, 2026.The utilization report shows that the amount raised matched the funds utilized exactly, indicating zero deviation.Funds Utilization Details The...

Msafe Equipments Reports Robust Earnings Growth and Announces Capacity Expansion Plans Noida, India | Msafe Equipments Limited (MSEL), a key provider in scaffolding and access solutions, has reported a strong financial and operational performance for the second half (H2) and full year (FY26) ended March 31, 2026. The company's results underscore its strong market position within India's rapidly expanding safety and infrastructure ecosystem.Financial Performance Overview The company's audited financial results show significant year-over-year growth across key metrics. The financial data for Msafe Equipments Limited is presented below:Particulars (₹ Lakhs) H2FY26 H2FY25 CHANGE (YOY) FY26 FY25 CHANGE (YOY)TOTAL REVENUE 5448.88...

Bandhan Mutual Fund Boosts Stake in Sobha Ltd, Reaching 7.0264% Holding Bandhan Mutual Fund has increased its stake in Sobha Ltd through the acquisition of equity shares, bringing its overall holding to 7.0264%. The acquisition, which took place on May 07, 2026, significantly increased the fund's ownership in the real estate developer.The increase in holding was reported as exceeding 2% of the company's paid-up capital. Prior to this disposal, Bandhan Mutual Fund's reported holding stood at 5.0114% as of September 30, 2025.The transaction involved Bandhan Mutual Fund, through its Bandhan Small Cap Fund, acquiring 72,000 equity shares of Sobha Ltd.A detailed view of the fund's stake highlights the changes following the purchase...

HGM Promoters Seek Re-classification of Shareholding Status to Public Category HandsOn Global Management (HGM) Limited has received formal requests from its key promoters seeking to change their reported shareholding status from the Promoter category to the Public shareholder category. The requests concern shares held by Stern Capital Partners LLC, Surinder Rametra, and Sun Investment Partners LLC.According to the submissions dated May 11, 2026, the combined holding of the three entities totals 814,246 shares, representing 6.46% of the total shareholding in the company.The details of the promoter shareholding requested for re-classification are as follows:Shareholder Name Current Category Shares Held Percentage of Shares Held...

Archit Organosys Ltd. To Hold Board Meeting to Approve FY2026 Financial Results Archit Organosys Ltd. has scheduled a meeting of its Board of Directors to approve the audited financial results for the company's Quarter and Year ended March 31, 2026.The Board Meeting is slated to take place on Saturday, May 16, 2026. The primary agenda item for the meeting is the consideration and formal approval of the comprehensive audited financial results for the specified fiscal period.Regarding corporate governance protocols, the company confirmed that the trading window for promoters, Directors, senior managerial personnel, and their immediate relatives, along with other connected persons, has been closed since April 1, 2026. The trading...

Sambhaav Media Limited Board Meeting Scheduled for May 20, 2026, to Approve Financial Results Sambhaav Media Limited has scheduled a meeting of its Board of Directors for Wednesday, May 20, 2026. The meeting, slated to take place at the Company’s registered office, is set to address the approval of the financial results for the fiscal year ended March 31, 2026.The Board’s agenda is comprehensive, focusing on the year's financial performance and quarterly outcomes. Key items to be considered include:The approval of audited standalone and consolidated financial statements for the financial year that concluded on March 31, 2026. This approval process will also incorporate the reports furnished by the auditors and the directors. The...

BDR Buildcon Reports Related Party Transactions for Half Year Ended March 31, 2026 BDR Buildcon Limited has disclosed the details of related party transactions for the half year ended March 31, 2026, based on a consolidated basis, in accordance with Ind AS 24 Related Party Disclosures.The analysis of related parties identifies four key entities. These include Mr. Rajesh Gupta, who serves as the Managing Director; Mrs. Renu Gupta, a Director; M/s. Rajesh Gupta HUF, whose Karta is a Director of the Company; and Mr. Shashank Gupta, identified as a relative and son of a Director.The company's transactions with these related parties during the period mainly involved loans. The financial details of these transactions are presented below...

Rudra Global Infra Products Ltd. Board Meeting Scheduled to Approve Q4 Financial Results Rudra Global Infra Products Ltd. has scheduled a board meeting to consider and approve the audited standalone and consolidated financial results for the quarter ending March 31, 2026.The board meeting is set for May 20, 2026, at 03:00 PM.In a separate update concerning market restrictions, the company noted that the trading window for specified persons, or insiders, remains closed. This closure was initially announced in a letter dated March 28, 2026, and remains in effect until 48 hours following the declaration of the financial results for the quarter that ended March 31, 2026.The company is led by Managing Director Sahil Ashok Gupta.RUDRA...

Iris Clothings Reports Stellar Performance with 50% Revenue Growth in Q4FY26 Howrah, India, May 11, 2026 – Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company specializing in the design, manufacturing, branding, and sale of kids wear, announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported robust growth across key metrics for the quarter and the fiscal year.The financial results show significant increases in revenue, EBITDA, and Net Profit.Particulars (Rs Mn) Q4FY26 Q4FY25 Y-o-Y FY26 FY25 Y-o-YTotal Income 605 402 50.4% 1,909 1,463 30.5%EBITDA 110 82 34.1% 294 283 4%EBITDA Margin 18.2% 20.4%15.4% 19.3%PAT 64 45 43.5% 162 131 23.4%PAT Margin...

Indian Terrain Fashions Ltd Board Meeting Scheduled to Approve FY 2026 Financial Results Indian Terrain Fashions Limited has announced that its Board of Directors meeting is scheduled for Saturday, May 16, 2026. The key objective of the meeting is to consider and approve the company's audited financial results for the quarter and financial year ended March 31, 2026. The agenda will also include consideration of any other business.In parallel, the company confirmed a temporary closure of the trading window for Designated Persons and their immediate relatives. This closure will remain in effect until May 18, 2026. The restriction period is set after 48 hours following the declaration of the audited financial results on May 16, 2026...

Pecos Hotels and Pubs Ltd Board to Meet to Approve Half-Year and Year-End Financial Results Pecos Hotels and Pubs Ltd has scheduled a meeting of its Board of Directors to consider and approve its standalone Audited Financial Results for the half year and the year ending March 31, 2026.The board meeting is set to take place on Monday, May 25, 2026, starting at 02:00 P.M. The meeting will be held at the company’s corporate office located at #139, Guardian House, Infantry Road, Bangalore - 560001.The key agenda items for the meeting are outlined as follows:Agenda Item Detail1. Consideration and approval of the standalone Audited Financial Results for the half year and year ended March 31, 2026.2. Any other agenda with the...