Markets

Rainbow Children's Medicare Limited: Appeal Against GST Demand Notice Disallowed by Principal Commissioner of Customs Hyderabad: Rainbow Children's Medicare Limited announced on May 8, 2026, the outcome of its appeal concerning a demand notice. The company reported receiving an order from the Principal Commissioner of Customs and Central Tax (Appeals-1), confirming that its appeal was disallowed and the impugned order was upheld.The proceedings relate to a demand notice dated May 29, 2024, which was initially received from the Additional Director, Directorate General of GST Intelligence, Bengaluru Zonal Unit, regarding the CGST Act, 2017.The company confirmed that the order from the Principal Commissioner of Customs and Central Tax...

Gretex Corporate Services Limited Approves Allotment of Fully Convertible Warrants Gretex Corporate Services Limited announced the revised outcome of its Board Meeting, held on May 7, 2026. The Board approved the allotment of 19,51,000 Fully Convertible Warrants (Warrants) to selected investors on a preferential basis, involving a cash consideration.Each allocated warrant is convertible into one Additional Equity Share, which has a face value of Rs. 10. The conversion of these warrants can take place at any time within 18 months from the date of allotment.The details of the investors and the allotted warrants are as follows:Sr No Proposed Allottee Name Category Warrants Allotted (up to) Outcome of Investment Amount (INR)...

Dhansa Labs' Subsidiary Acquires Land in Rajasthan for Biogas Pellet Project Dhansa Biofuels Power Private Limited, a wholly owned subsidiary of Dhansa Labs Limited, has acquired a parcel of land in Rajasthan. This acquisition is part of the subsidiary's strategic expansion into the renewable energy sector.The land purchase is intended for establishing a Biogas Pellet Project. The subsidiary, which operates within the renewable energy sector, executed the agreement on May 7, 2026.In the transaction, Dhansa Biofuels Power Private Limited acquired the land from Mrs. Rami Bai. The property is situated at Khasra Nos. 506, and 519, located in Village Roteda, Tehsil Keshoraipatan, District Bundi, Rajasthan - 323301. The total area...

Marsons Limited Receives Purchase Order of ₹ 18.88 Crore; Submits Repair Estimates to WBSETCL Marsons Limited has announced the receipt of a significant purchase order and submitted detailed repair estimates for specialized transformer services.The company confirmed that it received a Purchase Order worth ₹ 18,88,00,000.00 (Eighteen Crores Eighty Eight Lakhs only) from Ram Taranga Solutions Pvt. Ltd. This order covers the supply of high-capacity transformers, specifically one 100/125 MVA 220 kV Power Transformer and 16.8 MVA Inverter Duty Transformers. The transaction is described as a domestic order, with the order requiring execution within a period of six months.In a separate professional capacity, Marsons Limited also submitted...

Solex Energy Reports Significant Revenue Growth, Surpassing ₹1,600 Crore Milestone in FY26 Surat, May 08, 2026: Solex Energy Limited, a specialist in manufacturing Solar Photovoltaic (PV) modules and providing EPC services, today announced its revenue performance for the fourth quarter and the full fiscal year ending March 31, 2026. The results highlight a substantial surge in revenue from operations for both the quarter and the fiscal year.According to the company’s announcement, Solex reported robust financial figures for the period. The performance across key metrics, detailed in the table below, showcases significant year-over-year growth.Particulars (in ₹ millions) Q4FY26 Q4FY25 %Change FY26 FY25 %ChangeRevenue from...

Borosil Renewables Allots 94,338 Shares Following Conversion of Warrants BOROSIL RENEWABLES LIMITED announced on May 08, 2026, the allotment of 94,338 fully paid-up equity shares to warrant holders. This allotment was approved following the conversion of warrants that had been previously allotted on a preferential basis.The company had earlier informed stakeholders about the allotment of 78,80,436 Warrants. Each warrant was convertible into or exchangeable for one fully paid up equity share of Re. 1/- each, with an initial issue price set at Rs. 530. This conversion opportunity was valid for a period of 18 months and was offered to persons belonging to the non-promoter category.Warrant holders had initially paid 25% of the issue...

Neetu Yoshi Limited Announces ₹ 27.48 Cr Fund Raise and Secures ₹ 14.76 Cr Railway Purchase Order Mumbai, May 8, 2026 — Neetu Yoshi Limited, a leading manufacturer of customized ferrous metallurgical products, has announced a significant strategic development, reporting both a successful preferential fund raise of ₹ 27.48 crore and securing a major purchase order worth ₹ 14.76 crore from an India-based wagon manufacturer. The announcements highlight the company's strong growth momentum within the domestic railway and industrial supply chain.Neetu Yoshi Limited specializes in manufacturing customized products across various grades of ferrous metallurgical materials, including mild steel, spherical graphite iron, cast iron, and...

Urban Enviro Waste Management Limited Receives In-Principle Approval for Issuance of Equity Shares Urban Enviro Waste Management Limited (formerly known as NAGPUR WASTE HANDLING PVT LTD) has received in-principle approval from the National Stock Exchange of India Limited (NSE) for the issuance of equity shares.The approval relates to 32,00,000 equity shares of Rs. 10/- each. These shares will be issued pursuant to the conversion of warrants on a Preferential basis.NSE granted the in-principle approval for the said issue vide reference NSE/LIST/54201 on May 6, 2026.The issuance of these equity shares is subject to several conditions stipulated by the Exchange. The company must ensure compliance with regulatory guidelines and...

Cera Sanitaryware Board Approves Audited FY26 Results, Recommends ₹75 Dividend Per Share Cera Sanitaryware Limited announced the outcomes of its Board of Directors meeting held on May 8, 2026. The board reviewed and approved the audited financial results and statements for the fiscal year ended March 31, 2026. During the meeting, the company also recommended a dividend and set crucial dates for its upcoming Annual General Meeting.The board recommended a dividend of ₹75 (1500%) per fully paid-up equity share of ₹5 each for the financial year ended March 31, 2026. This dividend, if approved by the company members at the ensuing Annual General Meeting, will be dispatched or remitted within 30 days from the declaration date.Cera...

Dhara Rail Projects Limited Secures Work Order of Rs. 1.22 Crore for Chennai Railway Flooring Dhara Rail Projects Limited has secured a work order valued at Rs. 1,22,94,297.30 for specialized flooring work within the railway sector.The contract was awarded by the Office of the CWM/CW, Perambur, Chennai, Tamil Nadu. The scope of the work involves the "STRIPPING AND LAYING OF PVC FLOORING IN RAILWAY COACHES." The total value of the secured order, inclusive of GST, is Rs. 1,22,94,297.30.The contract details indicate that the work is anticipated to span a period of 24 months. The order was designated as a domestic contract award.Key details regarding the contract awarded to Dhara Rail Projects Limited are summarized below...

Remsons Group Subsidiary Bags ₹160 Crore Order for 10-Year Pedal Box Programme Remsons Industries Limited announced that its step-down subsidiary, Remsons Automotive Ltd. (UK), has secured a major nomination from a global commercial vehicle Original Equipment Manufacturer (OEM). The contract involves supplying pedal boxes under a long-term, 10-year program.The nomination represents a significant business achievement for the Group, with the estimated lifetime value pegged at approximately ₹160 Crores over the entire program term. Production under this agreement is scheduled to commence in Q4 CY2028.The contract details indicate that the supply of pedal boxes will be provided to the leading Global Commercial Vehicle OEM manufacturer...

Kanpur Plastipack Limited Grants 4,04,740 Employee Stock Options Under 2025 Scheme Kanpur Plastipack Limited announced that its Nomination and Remuneration Committee held a meeting on May 08, 2026, to authorize the grant of Employee Stock Options (Options) to eligible employees. The options are part of the Kanpur Plastipack Limited Employee Stock Option Scheme - 2025 (Scheme).The Company confirmed that the meeting was held at 11:00 AM and concluded at 12:20 PM. The Scheme provides options convertible into an equal number of Equity Shares, each having a face value of Rs. 10.The key details of the option grant under the Scheme are as follows:Detail DescriptionOptions Granted 4,04,740 options to eligible employees.Grant Date...

PFC Establishes Subsidiary SPV for 765 kV GIS Pune West Transmission Project Power Finance Corporation Limited (PFC) has established a Special Purpose Vehicle (SPV) as a wholly owned subsidiary of PFC Consulting Limited (PFCCL). This move aims to facilitate the development of the intra-state transmission system for the "Establishment of 765 kV GIS Pune West" in the Pune district.PFCCL, which is a wholly owned subsidiary of PFC, has been appointed as the Bid Process Coordinator (BPC) for the selection of the Transmission Service Provider (TSP). This role was assigned after the Empowered Committee (EC), through a Government of Maharashtra resolution dated 27.02.2026, designated PFCCL to manage the process.Under the guidelines for...

Genus Power Infrastructures Approves Director Appointment and Increased Borrowing Powers Via Postal Ballot Genus Power Infrastructures Limited announced the successful passage of several resolutions following its Postal Ballot. The results, announced on May 08, 2026, confirmed that the resolutions contained in the Postal Ballot Notice dated February 09, 2026, were duly passed by the shareholders.The e-voting process for the resolutions was concluded on May 07, 2026, with the results announced a day later.The company’s shareholders approved three key resolutions related to corporate governance and financial structure.The successful resolutions passed during the postal ballot are detailed below:Resolution Objective Resolution...

Remsons Automotive UK Secured 10-Year Pedal Box Program with Global OEM, Valued at ₹160 Crores Remsons Automotive Ltd. (UK), the United Kingdom step down subsidiary of Remsons Industries Limited, has been nominated by a global commercial vehicle OEM for a major 10-year pedal box program. The nomination, which carries an estimated lifetime value of approximately ₹160 Crores, marks a significant expansion of the Group's order book.The pedal box program, expected to begin production in Q4 of 2028, is recognized as a major milestone for the entire Remsons Group. The award reinforces the Group's position as a Tier-1 system supplier to global truck and bus manufacturers.A pedal box is defined as a structural, safety-critical assembly that...

SML Mahindra Reports Production and Sales Figures for Commercial Vehicles for April 2026 SML Mahindra Limited, formerly SML ISUZU Limited, released its operational report detailing production, sales, and export figures for the month of April 2026. The figures provided cover the performance of the company's commercial vehicle division.The data highlights the monthly output across various segments for Commercial vehicles.Particulars Metric Apr F26 Apr F27 Apr F26 Apr F27 Apr FY26 Apr F27Commercial vehicles Production 1529 1588 1492 1711 20 30Note: Metrics represent Production, Sales, and Export volumes for specified fiscal periods.SMLMAH Stock Price Movement As of 12:48 PM, shares of SML Mahindra Limited are slipping...

Paisalo Digital Limited Allots Commercial Papers in Private Placement Paisalo Digital Limited announced the allotment of Commercial Papers (CPs) on May 08, 2026. The allotment was executed following approval by the Operations and Finance Committee of the Board of Directors, classifying the issuance as a Private Placement.The company allotted a total of 700 Commercial Papers (CPs) with a face value of Rs. 5,00,000.00 each. The issue price for these CPs was set at Rs. 4,79,430.50, and the papers carry a redemption value of Rs. 35,00,00,000.00.The CPs have a tenure of 180 days from the date of allotment. Key details of the issuance are provided below:Detail ValueType of Securities Commercial PapersType of Issuance Private...

EMA Partners India Announces Buyback Corrigendum Details EMA Partners India Limited confirmed the publication of a Corrigendum to its Letter of Offer for the buyback of equity shares. The necessary newspaper advertisements detailing the Corrigendum were published on May 8, 2026.The Corrigendum was published in the following newspapers:Newspaper Name Language Edition CoverageBusiness Standard English All EditionsBusiness Standard Hindi All EditionsNavshakti Marathi Maharashtra***INDOCO Remedies Announces Standalone and Consolidated Financial Results Indoco Remedies Limited released extracts of its Standalone and Consolidated financial results for the quarter and year ended March 31, 2026. The financial figures are...

India Motor Parts Announces Audited Financial Results for FY2026, Recommends Rs. 23 Dividend India Motor Parts and Accessories Limited reported its audited standalone financial results for the year ended March 31, 2026. The Board of Directors, which met on May 8, 2026, also announced plans for the Seventy Second Annual General Meeting (AGM) and recommended a final dividend for the financial year 2025-26.The company disclosed its audited standalone financial results and a Statement of Assets and Liabilities as of March 31, 2026, along with the Cash Flow Statement. The statutory auditors issued a report confirming an unmodified opinion on the standalone financial results for the year ended March 31, 2026.The Company operates in the...

Biocon Ltd Board Approves Final Dividend, Major Acquisition of BBL Equity, and Leadership Changes Biocon Limited announced that its Board of Directors held a meeting on May 07, 2026, approving several key corporate actions, including the final dividend recommendation, the audited financial results for the year ended March 31, 2026, and a significant acquisition of Biocon Biologics Limited (BBL) equity shares.The company also approved changes to its statutory auditors, the designation of senior management personnel, and the appointment of new independent directors, aiming to facilitate the integration of BBL into a unified global biopharmaceutical leader.Financial Results and Dividend Recommendation The Board approved the audited...