Markets

TechD Cybersecurity Incorporates Wholly-Owned Subsidiary to Boost Global Cybersecurity Presence TechD Cybersecurity Limited announced the incorporation of a wholly-owned subsidiary, TECHD GLOBAL IFSC PRIVATE LIMITED. This move is positioned to solidify the group's global footprint and significantly expand its operations within the cybersecurity domain.The newly formed subsidiary, TECHD GLOBAL IFSC PRIVATE LIMITED, was incorporated at Gift City, Gandhinagar, and registered with the Registrar of Companies, Gujarat at Ahmedabad on May 4, 2026. As of the current report, the entity is yet to commence its business operations.The incorporation aims to establish the Company as a global holding and strategic investment entity for the Group's...

Bharat Electronics Limited Secures Rs. 1251 Crore Order for Indigenous ELINT System for Indian Army Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured a significant contract valued at Rs. 1251 Crore (excluding taxes). The order is for the supply of the Ground Based Mobile ELINT System (GBMES) to the Indian Army, strengthening India's defense capabilities.The contract, signed with the Ministry of Defence, solidifies BEL's role in the defense sector. The procured GBMES system is highlighted as a totally indigenous and state-of-the-art technological asset. It was designed and developed by DLRL Hyderabad and is manufactured by BEL.The networked intelligence system provided by GBMES is equipped...

Ruchi Infrastructure Limited Confirms Demise of Director (Operations), Sankalp Ved Ruchi Infrastructure Limited announced the passing of Mr. Sankalp Ved, who served as the Director (Operations). Mr. Ved had been appointed to the role effective from September 1, 2024, and his demise occurred on May 5, 2026.The company confirmed the cessation of Mr. Ved's tenure on this date. The Directors and employees expressed deep condolences to his family following his unexpected passing.The key details regarding the change in directorship are as follows:ParticularsDetailsNameMr. Sankalp Ved (DIN: 10729867)Reason for changeDeathDate of cessationMay 5, 2026Brief profileNot ApplicableThe company acknowledged the loss to the...

RBI Completes Mega Auction: ₹18,600 Crore of State Bonds Anchors Regional Stability The Reserve Bank of India (RBI) successfully concluded its yield/price based auction of State Government Securities (SGS) on May 05, 2026. The auction saw a robust participation from investors, with the total amount accepted reaching ₹18,600 Crore. The successful placement of these bonds across five major states underscores continued confidence in state fiscal stability and the deepening institutional investor appetite for high-grade fixed income assets.Comprehensive Auction Results and Participation The RBI successfully raised the targeted amount from all participating states. Andhra Pradesh secured ₹2,200 Crore, followed by Telangana, which also...

Avantel Limited Secures Additional Order Value of Rs.3.01 Crores from Bharat Electronics Limited Avantel Limited has announced receiving an amendment to a Purchase Order from M/s. Bharat Electronics Limited (BEL) for the supply of Power Amplifiers. The revised order adds an additional value of Rs.3.01 Crores to the existing contract.The amendment, received on May 4, 2026, increases the overall order value. The original order had an established value of Rs.8.03 Crores.The details pertaining to the Purchase Order are as follows:ParticularsDescriptionName of the entity awarding the order(s) / contract(s)M/s. Bharat Electronics LimitedSignificant terms and conditions of order(s)/contract(s) awarded in briefPerformance Bank...

Railtel Corporation Secures Major ITMS Project for Government of Karnataka Railtel Corporation Of India Limited announced that it has received a Letter of Intent (LoI) for a significant ITMS Project for the Transport Department Government of Karnataka. The development marks a major operational update for the railway technology firm.The Letter of Intent was received from the Additional Commissioner For Transport, Enforcement (South).The project award details confirm that the contract is domestic in nature and relates to the ITMS Project for the Transport Department Government of Karnataka. The estimated size of the order, inclusive of tax, is Rs. 49,67,21,000/-.Key details regarding the contract and the receipt of the LoI are...

Sat Kartar Life Limited Approves Audited Financial Results for FY 2025-2026 Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, announced the approval of its audited standalone and consolidated financial results for the half-yearly period and the full financial year ended March 31, 2026. The results were considered and approved by the Company's Board of Directors during a meeting held on May 5, 2026.The Company confirmed that its Statutory Auditors, M/s Nidhi Bansal & Co. Chartered Accountants, issued reports with an unmodified opinion on the financial results for the half-year and full financial year ending March 31, 2026.Standalone Financial Results Summary The audited standalone financial results for the...

Aarvi Encon Limited Wins Work Order from Mahanagar Gas Limited for Manpower Services Aarvi Encon Limited (AEL) has secured a significant work contract from Mahanagar Gas Limited. The contract pertains to the provision of Manpower Services and is valued at INR 20,90,49,408/- (Rupees Twenty Crore Ninety Lakhs Forty Nine Thousand Four Hundred and Eight).The agreement, which falls under the category of providing manpower services, is scheduled to commence on June 1, 2026. The total duration of the work order is two years, extending until May 31, 2028.The details of the contract awarded to Aarvi Encon Limited are as follows:DetailSpecificationAwarding EntityMahanagar Gas LimitedNature of ServiceProviding Manpower Services...

Systematix Corporate Services Announces Board Approvals for Financial Results and Dividend Systematix Corporate Services Limited announced the outcomes of its Board of Directors meeting held on April 29, 2026. The Board approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026.The company also recommended a Final Dividend of Rs. 0.10 (Ten Paise Only) per Equity Share of Re. 1 (face value) each for the financial year ended March 31, 2026, pending approval by the members at the ensuing Annual General Meeting.Key Board Resolutions and Appointments The Board took several material decisions during the meeting, including:Audited Financial Results: The company approved the...

Ajanta Pharma Limited Board Committee Approves Grant and Cancellation of Stock Options Ajanta Pharma Limited's Nomination and Remuneration Committee conducted a meeting that resulted in the approval of new employee stock options and the cancellation of existing units.The Committee announced the granting of stock options under the Ajanta Pharma Share Based Incentive Plan 2019. Additionally, the Committee approved the cancellation of 850 stock options, with these cancelled options being credited back to the ESOP pool.The details concerning the recently granted stock options are as follows:ParticularsDetailsTotal number of options granted1,45,000Number of shares covered under options1 share per optionExercise PeriodThree...

SEBI To Expand Early Pay-In Facility to Options, Boosting Safety in Commodity Derivatives Trading The Securities and Exchange Board of India (SEBI) has initiated a crucial consultation process aimed at refining the regulatory framework for commodity derivatives. The Board released a Consultation Paper on May 5, 2026, proposing a significant expansion of the Early Pay-In (EPI) benefit.This move seeks to extend a currently limited regulatory benefit from futures contracts to options contracts within the commodity derivatives segment. The revision aims to deepen market participation and clarify settlement norms for investors.Understanding the Early Pay-In Facility The existing norms for the commodity derivatives segment are governed by...

Dolphin Offshore Enterprises Announces Audited Financial Results for Q&FY Ended March 31, 2026 Dolphin Offshore Enterprises (India) Limited announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Company's Board of Directors approved these results during a meeting held on May 5, 2026.The Company also confirmed the re-appointment of M/s. Manubhai & Shah LLP as its Internal Auditor for the financial year 2026-27. M/s. Manubhai & Shah LLP was established by Manubhai Patel (Founder) in Ahmedabad in 1945.Financial Performance Highlights (Standalone Basis) The audited Standalone financial results for the quarter and year ended March 31, 2026, were...

Softcrylic LLC Merges Into Hexaware Technologies Inc, Strengthening IT Consulting Presence Hexaware Technologies Limited announced that its wholly owned subsidiary, Softcrylic LLC (USA), has completed a merger into another wholly owned subsidiary, Hexaware Technologies Inc. The amalgamation was effective on May 01, 2026, and the Company confirmed receiving approval for the transaction from the New Jersey Division of Revenue.The merger involves the Transferor Company, Softcrylic LLC, merging into the Transferee Company, Hexaware Technologies Inc. Both entities are engaged in the combined business of Information Technology consulting, software and development, and business process services.The transaction, which involves both...

Zenith Drugs Limited Secures Major Tender for Mupirocin Ointment from Madhya Pradesh Public Health Services Corporation Zenith Drugs Limited has been awarded a significant tender contract by the Madhya Pradesh Public Health Services Corporation Limited. This substantial order is set to be a meaningful addition to the company's order book, strengthening its standing in the domestic pharmaceutical supply segment.The contract involves the supply of Mupirocin Ointment (2% w/w, 5 gm tube). The total order value has been confirmed at Rs. 45,63,145/-.Zenith Drugs Limited stated that the contract award was executed in the normal course of business and does not fall under related party transactions.The key details of the awarded contract...

Kothari Petrochemicals Declares Interim Dividend for 2026-27; Fixes Record Date Kothari Petrochemicals Limited announced the declaration of an Interim Dividend for the Financial Year 2026-27 following a Board of Directors meeting held on May 05, 2026. The company fixed Monday, May 11, 2026, as the record date for the purpose of this dividend.The Board of Directors meeting of Kothari Petrochemicals Limited was convened on May 05, 2026. The meeting commenced at 11:40 hrs and concluded at 13:35 hrs, during which the declaration of the Interim Dividend for the Financial Year 2026-27 was made.The company confirmed the record date for the interim dividend through the following details:SymbolType of SecurityRecord DatePurpose...

Raymond Limited to Appoint Price Waterhouse Chartered Accountants LLP as Statutory Auditors Raymond Limited announced on May 5, 2026, that its Board of Directors, based on recommendations from the Audit Committee, has approved the appointment of Price Waterhouse Chartered Accountants LLP as the Statutory Auditors for the Company.The Board meeting was held on May 5, 2026. The appointment is set for a tenure of five consecutive years, effective from the conclusion of the 101st Annual General Meeting until the conclusion of the 106th Annual General Meeting.This appointment follows the conclusion of M/s Chaturvedi & Shah LLP, who were previously appointed as Statutory Auditors to fill a casual vacancy until the 101st Annual General...

Alkyl Amines Chemicals Announces Audited Results and Recommends 500% Dividend Alkyl Amines Chemicals Limited announced the outcomes of its Board of Directors meeting held on May 5, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026.The company's statutory auditor, M/s. N. M. Raiji & Co., Chartered Accountants, Mumbai, issued an audit report, providing an unmodified opinion on the audited financial results for the period ending March 31, 2026.Dividend Recommendation For the financial year 2025-26, the Board of Directors recommended a Final Dividend of Rs. 10 per equity share of Rs. 2 each, representing a 500% payout. This dividend is subject to approval by the shareholders...

Coal India Limited Commissions 100 MW Solar Power Plant in Gujarat Coal India Limited has successfully commissioned a 100 MW Solar Power Plant in Gujarat, marking a significant step in the company's expansion into renewable energy sources.The company confirmed that the Solar Power Plant, located at Village: Bhadramali, Ta- Deesa, Dist: Banaskantha, Gujarat, began operations effective March 31, 2026. Coal India Limited subsequently received the commissioning certificate for the facility on May 4, 2026, from the Gujarat Energy Development Agency (GEDA).COALINDIA Stock Price Movement As of 2:54 PM, shares of Coal India Limited are shedding 1.45% in live trading, dipping to ₹473. The equity is reacting to considerable market activity...

Blue Coast Hotels Limited Approves Standalone and Consolidated Financial Results for March Quarter Blue Coast Hotels Limited announced that its Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.The Board meeting regarding the results was held on Tuesday, May 5, 2026. The company issued the results along with a limited review report from its Statutory Auditors.Quarterly Financial Overview The company's standalone financial results for the quarter ended March 31, 2026, and the year to date results for the period from April 1, 2025, to March 31, 2026, were audited by Virender K Jain & Associates, Chartered Accountants. The auditors confirmed...

Kothari Petrochemicals Limited Announces FY Results and Declares Interim Dividend Kothari Petrochemicals Limited announced the approval of its audited financial results for the quarter and the year ended March 31, 2026, following a Board meeting held on May 5, 2026. The company also declared an interim dividend for the financial year 2026-2027.The Board of Directors approved the financial results, accompanied by an audit report from statutory auditors confirming an unmodified opinion on the results for the year ended March 31, 2026.Key financial highlights for the year ended March 31, 2026, show Total Income reaching 58,882.77 lakhs, compared to 57,733.94 lakhs in the previous year. The company reported a Profit for the period from...