Markets

HP Adhesives Limited Board Meeting Scheduled to Review FY26 Financials and Consider Final Dividend HP Adhesives Limited announced that its Board of Directors will convene a meeting on Tuesday, May 12, 2026. The board meeting is scheduled to address the company's financial performance for the year ended March 31, 2026, and consider recommendations for the final dividend.During the meeting, the board is set to consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026, along with the corresponding Audit Report.Furthermore, the board will consider and recommend a Final Dividend on the company's Equity Shares for the Financial Year 2025-26, if deemed...

Digit Insurance Reports Settling Over 1 Million Claims in FY 2025-26; Highlights Improved Service Turnaround Times Bengaluru, May 6, 2026: Digit Insurance, a digital full-stack insurance company, announced that it settled over 1 million claims across all lines of business during Fiscal Year (FY) 2025-26. The company’s 14th Transparency Report details significant improvements in service and claims turnaround times (TATs), setting new benchmarks for customer service in the insurance sector.The report highlights that service efficiencies have expanded to include everyday service metrics, demonstrating how 'instant' has become the standard for post-policy operations across retail health, motor, and non-motor lines.Key Performance...

Polycab India Limited Board Approves Extension of CFO Niyant Maru's Tenure Polycab India Limited announced that its Board of Directors approved the extension of the tenure of Mr. Niyant Maru, Chief Financial Officer (Whole-Time Key Managerial Personnel). The approval followed recommendations from the Nomination and Remuneration Committee and was subject to the Audit Committee's approval.The Board of Directors passed the resolution during its meeting held on May 06, 2026. Under the approved mandate, Mr. Niyant Maru's role as Chief Financial Officer is extended starting from July 17, 2026, and concluding on April 16, 2027.The Board's decision formalized the extension, building upon an earlier intimation provided on October 17, 2025...

CG Power Records Strong FY26 Performance with Record Q4 Standalone Revenue CG Power and Industrial Solutions Limited announced a solid performance for the quarter and full year ended March 31, 2026. The company reported strong operating discipline and order momentum, capping off a record fiscal year for the entity.In the fourth quarter of FY26, standalone sales grew 22% Year Over Year (YoY), and Profit Before Tax (PBT) increased 43% YoY, marking the highest standalone revenue and PBT reported to date. For the full fiscal year 2026, standalone sales grew 21% YoY, and PBT grew 34% YoY, establishing it as the strongest standalone fiscal performance.Order flow remained robust during the quarter, pushing the order backlog up 59% YoY to...

Polycab India Limited Posts Record FY26 Results; Revenue Exceeds ₹285 Billion Polycab India Limited announced its audited financial results for the fourth quarter and year ended March 31, 2026. The company reported a landmark fiscal year, achieving its highest-ever annual revenue and profitability figures, driven by strong execution and increased domestic market share.The company noted that its consolidated revenues surpassed ₹285 billion for the first time, reaching ₹2,88,838 Mn, marking a 29% Year-over-Year (YoY) increase from ₹2,24,083 Mn in FY25. Profitability also saw significant growth, with Profit After Tax (PAT) rising 32% YoY to ₹27,084 Mn.In the fourth quarter alone, consolidated revenue grew 27% YoY, standing at ₹88,645...

Nucleus Software Exports Faces INR 28,33,460 Tax Demand Over Intercompany Transactions Nucleus Software Exports Limited announced on May 06, 2026, that it has received an order from the Income Tax Department concerning its tax liabilities for the Assessment Year 2023-24. The order raises a demand of INR 28,33,460/- (including interest) based on adjustments made to the transfer pricing margins related to certain intercompany transactions.According to the company, the Assessing Officer has issued the demand and has also initiated penalty proceedings in this matter. The demand arises from adjustments made to the transfer pricing margins regarding some intercompany transactions.The company stated that it believes the order is not...

Polycab India Announces Senior Management Restructuring with Multiple Redesignations Polycab India Limited announced significant changes in its senior leadership structure, effective May 06, 2026. The company detailed key redesignations across several management roles, alongside an update to its list of Senior Management Personnel (SMP) reflective of the organization's updated structure.On May 06, 2026, Polycab India announced changes in the roles and responsibilities of several key executives. These redesignations were effective from the date of the announcement.The first set of management changes included:NameNew DesignationReason for ChangeEffective DateMr. Ishwinder KhuranaChief Executive Officer - B2CChange in roles &...

Study Confirms PLA Microplastics Break Down Safely in Indian Soil, Offering Sustainable Alternative A new scientific investigation has confirmed that Polylactic Acid (PLA), a compostable polymer, can safely degrade into natural substances in Indian soil conditions, offering a viable alternative to conventional plastics that persist and generate harmful microplastics.The study, conducted by a premier academic institution under the Ministry of Chemicals & Fertilizers, Government of India, evaluated PLA microplastics in Indian soil across 30, 60, 90, 120, and 180 days. The findings demonstrated substantial degradation of the compostable material, supporting a circular lifestyle.According to the research, PLA microplastics showed...

Rane (Madras) Limited Announces Q4 FY26 Results and Approves Dividend for 2025-26 Rane (Madras) Limited, a leading auto component group, announced its consolidated financial performance for the fourth quarter (Q4 FY26) and the full year (FY26) ended March 31, 2026. The Board of Directors of the company approved the audited financial results for the quarter and the year.During its meeting held on May 6, 2026, the Board of Directors, based on the recommendation of the audit committee, approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The company also recommended a dividend of Rs. 16/- per equity share on 27,637,137 equity shares of Rs. 10 each fully paid up, for the...

Rane (Madras) Limited Announces Record Date for 22nd AGM and Dividend Rane (Madras) Limited announced the record date for its 22nd Annual General Meeting (AGM) and the potential dividend for the fiscal year ended March 31, 2026. The company stated the record date is set for July 29, 2026.The announcement, made on May 06, 2026, concerns the record date required to determine eligibility for both the 22nd AGM and any dividend declared at the ensuing meeting for the year ended March 31, 2026.The company provided specific details regarding the security class and the associated dates.MetricDetailCompanyRane (Madras) LimitedAnnouncement DateMay 06, 2026Record DateJuly 29, 2026Purpose22nd AGM and Dividend for the year ended...

Likhitha Infrastructure Secures Order of Rs.72.15 Crores from Hindustan Petroleum Corporation Limited Likhitha Infrastructure Limited announced on May 06, 2026, that it has received a significant order worth Rs.72.15 Crores (Excl. GST) from M/s. Hindustan Petroleum Corporation Limited.The contract involves the laying of a cross-country pipeline along with associated facilities. This substantial domestic order is categorized under Pipeline Laying Works-SCH B.Key details regarding the contract award are as follows:ParticularsDetailsAwarding EntityM/s. Hindustan Petroleum Corporation LimitedNature of OrderLaying of Cross-Country Pipeline along with associated facilitiesOrder TypeDomestic EntityConsideration...

KPIT Technologies Approves Final Dividend and Initiates Strategic Acquisition of Cybersecurity Firm Cymotive KPIT Technologies Limited announced significant corporate developments, including the approval of audited financial results and the recommendation of a final dividend, alongside the strategic acquisition of Cymotive Technologies LTD, a specialized automotive cybersecurity firm.The Board of Directors of KPIT Technologies held its meeting on May 6, 2026, and approved the audited Standalone and Consolidated Financial Results and Statements for the quarter and year ended March 31, 2026. The board also recommended a Final Dividend for the fiscal year 2025-26, at Rs. 5.25 per equity share, totaling Rs. 10/- each (representing 52.5%)...

KPIT Technologies Announces Acquisition of Cybersecurity Firm Cymotive, Approves FY26 Results and Dividend KPIT Technologies Limited announced significant corporate developments following its Board of Directors meeting held on May 6, 2026. The Board approved the audited financial results for the quarter and full year ended March 31, 2026, and recommended a final dividend for the fiscal year 2025-26. Most notably, the Board sanctioned the acquisition of a strategic stake in Cymotive Technologies LTD, a specialized automotive cybersecurity firm.The acquisition of Cymotive, a leading cybersecurity specialist from Israel, is central to KPIT's long-term strategy of generating differentiated, AI solutions-led value for global Original...

Manorama Industries Ltd. Board to Meet May 11 for FY Results Approval and Final Dividend Recommendation Manorama Industries Ltd. has scheduled a meeting of its Board of Directors for Monday, May 11, 2026. The board meeting is slated to consider several material business matters, including the financial results for the fiscal year ending March 31, 2026, and the recommendation of a final dividend.During the meeting, the board will focus on key resolutions related to the company's performance and shareholder returns. The primary agenda items include:1. Approval of the Audited Financial Results (Standalone and Consolidated) for the quarter and the full Financial Year ended March 31, 2026, along with the Auditors Report. 2...

Arman Financial Services Secures Relief in Tax Appeal, Deletion of Rs. 15 Crore Addition Arman Financial Services Limited announced that it has received a favorable order from the Income Tax Department regarding its appeal for the Assessment Year 2012-13. The order, dated May 05, 2026, passed under Section 250 of the Income-tax Act, 1961, largely favors the company, addressing disputed additions made during the tax assessment process.The proceedings involve an appeal filed against the assessment order passed under Section 143(3).Key Outcome of Appellate Order During the appellate proceedings, the Commissioner of Income Tax (Appeals) [CIT(A)] adjudicated various additions and disallowances raised by the Assessing Officer (AO). The...

Privi Speciality Chemicals Receives No Objection from NSE on Amalgamation Scheme Privi Speciality Chemicals Limited provided an update on the proposed scheme of amalgamation involving the company and two other entities. The scheme involves Privi Speciality Chemicals Limited and its merger with Privi Fine Sciences Private Limited and Privi Biotechnologies Private Limited.The update addresses the initial board approval given by the company’s directors for the proposed amalgamation scheme, which occurred following a previous intimation on December 19, 2025.Privi Speciality Chemicals Limited announced that the company has received an observation letter with no objection from the National Stock Exchange of India Limited. This observation...

Bank of Baroda to Act as Sponsor of Pension Fund After Receiving PFRDA Appointment Bank of Baroda has been appointed by the Pension Fund Regulatory and Development Authority (PFRDA) to serve as a Sponsor of a Pension Fund. The Bank received the Letter of Appointment from the regulatory body under the PFRDA (Registration of Pension Funds) Guidelines, 2026.Following this key development, Bank of Baroda plans to establish a dedicated Pension Fund Management Company. This initiative is subject to receiving other necessary regulatory approvals.The Bank stated that it will issue further disclosures to the market as and when any material developments occur concerning this undertaking.BANKBARODA Stock Price Movement Shares of Bank of...

Arvind Fashions Posts Strong FY26 Results, Reports 14% Revenue Growth and 13.4% EBITDA Margin Arvind Fashions Limited, India's prominent casual and denim retailer, has announced its audited financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company reported robust growth across key metrics, driven by strong performance in direct channels and superior retail execution.The company delivered significant revenue growth of 14% for the fiscal year, reaching Rs. 5,266 Crores, compared to Rs. 4,620 Crores in FY25. EBITDA grew by 17%, totaling Rs. 705 Crores, leading to an expanded EBITDA margin of 13.4%, marking a 40 basis point improvement. Profit After Tax (PAT) for the year stood at 124 Crores, a...

Garware Hi-Tech Films Announces Record Financial Year 2026 Revenue and Profitability, Approving Rs 191 Crore Capex Garware Hi-Tech Films Limited (GHFL), a leading manufacturer of Sun Control Films, Paint Protection Films, and other Specialty Films, has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported robust top-line performance and significant profitability growth, confirming its strong operational momentum.The company announced a total comprehensive income of Rs 312.25 Crore for the year ended March 31, 2026, marking a 39.1% year-on-year increase. The consolidated revenue from operations stood at Rs 2,120 Crore, representing a 0.5% change year-over-year, demonstrating...

Enviro Infra Engineers Wins Arbitral Award in Key CETP Litigation Against HSIIDC Enviro Infra Engineers Limited (EIEL) has been awarded an arbitral award totaling approximately ₹ 8.65 crore, including interest and litigation costs. The award settles two arbitration cases initiated in 2022 against the Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC).The dispute involved the recovery of dues pertaining to two major Common Effluent Treatment Plant (CETP) projects executed in the state of Haryana. The arbitration proceedings were adjudicated under the Delhi International Arbitration Centre (DIAC).The projects at the heart of the litigation included:1. Construction, commissioning, and operation &...