Business | Business Upturn

RBL Bank increases share capital with allotment of 4,37,526 equity shares

Arunika Jain — Tue, 26 May 2026 05:03:56 +0000

RBL Bank has announced the allotment of 4,37,526 equity shares to its eligible employees under the bank’s ESOP Scheme. This development took place on 25 May 2026, following the exercise of vested stock options by the employees.

The newly allotted shares have a face value of ₹10 each, contributing to an increase in the bank’s paid-up share capital. Prior to this allotment, the bank’s share capital comprised 61,87,00,280 equity shares, amounting to ₹618,70,02,800. With the addition of the new shares, the total paid-up share capital has now risen to 61,91,37,806 equity shares, aggregating to ₹619,13,78,060.

This information has been shared for public records and to keep stakeholders informed about the changes in the bank’s equity structure.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Seamec completes second season of pipeline project with SEAMEC PRINCESS

Kinjal — Tue, 26 May 2026 04:58:08 +0000

Seamec Limited has announced the successful completion of the second season of its Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP) using its vessel, SEAMEC PRINCESS. The completion was achieved on 26th May 2026 at 06:48 hours.

The company had previously communicated about this project in a letter dated 15th September 2025. The latest update was received on 26th May 2026 at 08:52 hours, confirming the culmination of the projects.

Seamec’s SEAMEC PRINCESS vessel played a crucial role in executing these projects, marking a significant milestone for the company in its ongoing maritime operations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Tata Sons board meets to discuss Air India, Tejas Networks, EV venture and listing question that divides the group

Aditya Bhagchandani — Tue, 26 May 2026 04:55:56 +0000

The Tata Sons board meeting is set to begin shortly, with N Chandrasekaran and company leaders presenting business plans for five group companies including Air India, Tata Digital, EV infrastructure venture Agastya, and Tejas Networks, sources told CNBC-TV18.

The board is also likely to take up issues raised by Noel Tata at the last meeting, adding another layer of significance to what is shaping up as one of the more consequential board sessions for the group in recent years.

The listing question is expected to feature prominently. Tata Sons’ board is reported to be divided on the issue, with Tata veterans including former vice chairman Nusli Soonawala arguing that listing would alter the 100-year ethos and values of the group. The opposing view holds that a public listing would bring greater transparency and unlock value for shareholders.

The five companies on the agenda span the group’s most strategically sensitive and capital-intensive bets. Air India is in the middle of a multi-year turnaround after its acquisition from the government. Tata Digital encompasses the group’s consumer internet ambitions. Agastya represents the group’s push into EV charging infrastructure. Tejas Networks, which reported a net loss of ₹999 crore in FY26, is positioned around AI-led network infrastructure but carries significant balance-sheet stress with net debt of ₹3,531 crore.

Shares of Tejas Networks surged 5.71% to ₹501 on the news in morning trade on May 26.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.

Steel Exchange India reports 443% QoQ net profit surge to ₹12 crore in Q4 FY26

Kinjal — Tue, 26 May 2026 04:22:07 +0000

Steel Exchange India Limited, a prominent integrated steel manufacturer in South India, has reported a significant increase in its net profit for the fourth quarter of FY26. The company’s net profit surged by approximately 443% quarter-on-quarter to reach ₹12.37 crore. This impressive growth was highlighted in the company’s audited financial results for Q4 FY26 and the full fiscal year.

The company reported a total income of ₹287.70 crore for Q4 FY26, marking a 19.45% increase from the previous quarter’s ₹240.86 crore. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw a substantial rise of 118.12%, reaching ₹50.10 crore compared to ₹22.97 crore in Q3 FY26. The EBITDA margin improved by 788 basis points to 17.41%.

For the full fiscal year FY26, Steel Exchange India Limited recorded a total income of ₹1,066.42 crore, a slight decrease from ₹1,163.38 crore in FY25. The company’s EBITDA for FY26 stood at ₹138.03 crore, with an EBITDA margin of 12.94%. The net profit for the year was ₹26.99 crore, reflecting a net profit margin of 2.53%.

In addition to the financial performance, the company announced several strategic leadership changes. Mr. Anirudh Misra has been appointed as an Additional Non-Executive & Non-Independent Director, bringing his extensive experience in metals and global commodities trade to the board. Mr. Vankina Sri Rakesh has joined as the Chief Financial Officer, enhancing the company’s financial strategy with his four decades of experience.

The company also made strides in debt reduction, redeeming ₹43.19 crore towards non-convertible debentures in a single tranche, which accounts for approximately 13% of its total debt. This follows a repayment of ₹24.97 crore over the last two quarters, bringing the total debt reduction to about ₹68.16 crore.

Steel Exchange India Limited continues to focus on strengthening its operational capabilities and financial flexibility, with plans to expand into specialty and green steel sectors. The company aims to capture emerging opportunities and enhance its integrated steel platform.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kellton Tech Solutions secures contract to build digital platform for UAE enterprise

Business Desk — Tue, 26 May 2026 04:04:15 +0000

Kellton Tech Solutions Ltd., a leader in AI-led digital transformation and enterprise technology consulting, has been selected by a prominent UAE enterprise group to design and implement a unified digital operating platform. This platform aims to integrate governance, business operations, financial management, and enterprise-wide decision-making, facilitating the organisation’s next phase of scalable growth.

The client, which operates across commercial real estate, property services, and managed operations, serves enterprise customers, government-linked entities, and a broad service ecosystem. As the business expanded, the complexity of operations increased, necessitating a more integrated, transparent, and scalable operating model.

Central to the engagement is a cloud-native digital platform that will replace fragmented legacy systems, establishing a single source of truth across governance, operational workflows, financial processes, and stakeholder interactions. Designed with multilingual and mobile-first capabilities, the platform will integrate with UAE PASS and connect people, processes, data, and systems across the enterprise.

The platform’s architecture supports intelligent automation, predictive reporting, advanced analytics, AI-ready data foundations, and real-time operational insights. This engagement is part of a growing trend in the Middle East, where enterprises are investing in integrated digital operating platforms to enhance governance, improve operational control, and accelerate business performance.

For Kellton Tech Solutions, this project strengthens its position in enterprise integration, cloud modernisation, intelligent automation, and data-driven digital transformation, while expanding its presence in one of the world’s fastest-growing digital transformation markets.

Karanjit Singh, CEO – APAC, Kellton Tech Solutions Ltd., stated, “As organisations grow, operational complexity often increases faster than visibility and control. Business leaders today are looking beyond standalone technology investments and toward connected digital environments that bring governance, operations, financial management, and decision-making together on a unified foundation.”

He added, “This partnership reflects the increasing demand for integrated digital platforms that improve transparency, strengthen accountability, and enable faster execution. By combining cloud-native architecture, enterprise integration, intelligent automation, and real-time operational insights, we are helping create a scalable digital foundation that supports long-term growth while enhancing agility and operational resilience.”

Kellton is an AI-led digital transformation and technology consulting company with global delivery capabilities. The company partners with enterprises to build scalable digital platforms, modernise operations, and accelerate intelligent automation journeys. With over 2,000 professionals across North America, Europe, the Middle East, and Asia, Kellton delivers solutions across cloud, data, AI, enterprise platforms, and digital product engineering. For more information, visit www.kellton.com.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kellton Tech shares in focus after UAE digital platform deal announcement

Aditya Bhagchandani — Tue, 26 May 2026 04:03:04 +0000

Kellton Tech Solutions shares are likely to remain in focus after the company announced that it has been selected by a leading UAE enterprise group to build a unified digital operating platform aimed at supporting scalable growth and enterprise-wide integration.

According to the company’s exchange filing dated May 26, 2026, the engagement involves designing and implementing a cloud-native digital operating platform that will integrate governance, business operations, financial management, and enterprise decision-making processes for the UAE-based enterprise group.

The client operates across commercial real estate, property services, and managed operations, serving enterprise customers, government-linked entities, and a broad services ecosystem. Kellton stated that the increasing operational complexity of the client’s expanding business created the need for a more integrated and scalable operating framework.

The company said the platform will replace fragmented legacy systems and establish a single source of truth across governance, workflows, financial processes, and stakeholder interactions. The solution will include multilingual and mobile-first capabilities, while also integrating with UAE PASS.

Kellton added that the platform architecture is designed to support intelligent automation, predictive reporting, advanced analytics, AI-ready data foundations, and real-time operational insights.

Commenting on the development, Karanjit Singh, CEO – APAC at Kellton Tech Solutions, said businesses are increasingly moving toward connected digital ecosystems that combine governance, operations, financial management, and decision-making on a unified technology foundation.

The company noted that the engagement further strengthens its positioning in enterprise integration, cloud modernization, intelligent automation, and AI-led digital transformation across the Middle East market.

Man Industries reports unmodified opinion on FY26 financial results

Yash Agarwal — Tue, 26 May 2026 03:48:17 +0000

Man Industries (India) has announced the approval of its audited financial results for the quarter and year ended 31 March 2026. The Board of Directors, during a meeting held on 25 May 2026, reviewed and approved both standalone and consolidated financial statements.

The company’s auditor provided an unmodified opinion on the financial results, confirming the accuracy and reliability of the reported figures. This declaration is in accordance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board meeting, which commenced at 6:20 PM and concluded at 7:25 PM, was conducted to ensure compliance with regulatory obligations and to maintain transparency with stakeholders. The financial results and the auditor’s report are available on the company’s official website, www.mangroup.com, for public access.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Regaal Resources doubles maize processing capacity to 1,650 TPD in Kishanganj

Sneha Sharma — Tue, 26 May 2026 03:47:11 +0000

Regaal Resources has announced a major capacity expansion at its integrated maize processing facility in Kishanganj, Bihar, doubling its crushing capacity from 825 tonnes per day (TPD) to 1,650 TPD and becoming Eastern India’s largest maize-based specialty manufacturer.

The company has also commissioned a new Liquid Glucose manufacturing facility with a production capacity of 180 metric tonnes per day and a new Maltodextrin Powder facility with a capacity of 50 metric tonnes per day. The expansion has been completed with a total investment of around ₹389 crore.

According to the company, the project is aimed at strengthening its presence in higher-margin value-added maize derivative products and expanding its downstream specialty product portfolio. Regaal said the enhanced capacity and new derivative facilities are expected to support revenue growth, operating leverage and margin expansion going forward.

The company highlighted that the Kishanganj facility is strategically located near key maize-growing regions and major trading hubs, helping improve procurement efficiency and reduce logistics costs. The expansion is also expected to create around 475 additional direct jobs, taking the company’s total on-roll workforce to nearly 950 employees, while also generating indirect employment opportunities across logistics, warehousing, transportation and allied services.

Management said the company plans to further diversify into modified starch products and derivatives such as Dextrose Anhydrous, Dextrose Monohydrate and Hydrol during FY27 as part of its long-term growth strategy.

Chairman and Managing Director Anil Kishorepuria said the expansion marks a significant milestone in Regaal’s journey toward becoming a diversified maize-based specialty products company and positions it strongly to benefit from rising demand across food, pharmaceutical, agriculture and healthcare sectors.

Balu Forge Industries clarifies on CFO Amit Ashok Todkari’s resignation

Business Desk — Tue, 26 May 2026 03:35:38 +0000

Balu Forge Industries Ltd has issued a clarification regarding the resignation of its Chief Financial Officer (CFO), Amit Ashok Todkari. The company announced that while Todkari has stepped down from his role as CFO, he will not be leaving the organisation entirely. Instead, he will transition into a broader strategic leadership position within the company.

This announcement follows an earlier communication dated 25th May 2026, where the company had informed the exchanges about Todkari’s resignation due to personal reasons. The management of Balu Forge Industries emphasised its commitment to transparency with investors, shareholders, and stakeholders, ensuring that all parties are kept informed of significant changes within the company.

The company assured stakeholders that further details regarding Todkari’s new role will be disclosed in due course. Stakeholders are encouraged to update their records to reflect this continuation of Todkari’s involvement with Balu Forge Industries.

For further information, stakeholders can contact Tabassum Begum at compliance@baluindustries.com or Neha Dingria/Akshay Hirani at baluforge@churchgatepartners.com.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Balu Forge secures maiden aerospace order from US-based company

Arunika Jain — Tue, 26 May 2026 03:35:16 +0000

Balu Forge Industries Ltd. (BFIL) has achieved a significant milestone by securing its first order in the aerospace sector from a US-based company. The order was placed by Alpha Aircraft Systems Inc, marking BFIL’s official entry into the demanding aerospace industry.

The company has received a commercial purchase order for precision-engineered components, with the advance payment confirmed on May 25, 2026. This development signifies the commencement of the manufacturing phase for this prestigious project.

This order represents a strategic entry into the global aerospace market, known for its stringent quality controls and high-precision requirements. Partnering with Alpha Aircraft Systems Inc enhances BFIL’s presence in North America and positions it as a reliable partner for advanced engineering solutions globally.

The order validates BFIL’s investments in cutting-edge technology and superior R&D capabilities. With the purchase order and tooling payment in place, the company is set to initiate production and meet the rigorous delivery timelines of the aviation industry.

The management of Balu Forge Industries Ltd. expressed pride in this achievement, highlighting the order as a testament to their engineering excellence and commitment to quality. This breakthrough aligns with BFIL’s long-term vision of diversifying its product portfolio and expanding into high-margin, technologically complex industries.

The company is committed to executing this order with precision and looks forward to a long-term relationship with Alpha Aircraft Systems Inc, while exploring further opportunities in the global aerospace supply chain.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Arunika Jain and reviewed by Aman Shukla before publication.

AXISCADES announces Rs 2,500 crore strategic transition with Akkodis

Arunika Jain — Tue, 26 May 2026 03:24:45 +0000

AXISCADES Technologies Limited has announced a significant strategic shift, marking the beginning of its transition from a services-led organisation to a focused aerospace manufacturing and products-led platform. The company has transferred its Engineering Services practice, which caters to Heavy Engineering, Energy, and Automotive verticals, to Akkodis, a global leader in digital engineering consulting. This move is consistent with the strategic guidance AXISCADES has shared with its shareholders over the past four quarters.

The transaction involves Akkodis acquiring 100% of AXISCADES’ Engineering Services practice, with the consideration pegged at approximately US$30.63 million. This includes an additional performance-based earnout, payable in cash over a multi-year period. The closing of the transaction is expected in the third quarter of 2027, subject to regulatory clearances and customary completion conditions.

This strategic move is part of AXISCADES’ Power 930 roadmap, which aims to scale up manufacturing infrastructure, acquire strategic capabilities in core growth areas, and strengthen the company’s balance sheet. The proceeds from this transaction will be used to support these initiatives, including the development of the Devanahalli Atmanirbhar Complex (DAC) and the Missile Atmanirbhar Complex (MAC).

In transferring the Engineering Services practice to Akkodis, AXISCADES aims to crystallise value from these services, freeing up capital and management resources for redeployment into its core aerospace and product platforms. The company believes that Akkodis, with its scale and global reach, is well-positioned to take these businesses to their next phase of profitable growth. Employees associated with the transferred practices are expected to move to Akkodis, benefiting from enhanced global career opportunities.

Dr. Sampath Ravi Narayanan, Founder, Chairman, and Managing Director of AXISCADES, stated, “This transaction is the beginning of the strategic transformation we have been signalling to our shareholders over the past four quarters. By transferring our Engineering Services practice to Akkodis, we crystallise meaningful value and sharpen the company’s focus on the platforms that will define our Power 930 ambition.”

AXISCADES is a leading aerospace and technology engineering and manufacturing company based in Bengaluru, with a global presence across 17 locations. It provides integrated solutions spanning design, engineering, and manufacturing for global OEMs and customers worldwide.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Venus Pipes & Tubes commences operations at new fittings facility and expands seamless pipes capacity

Arunika Jain — Tue, 26 May 2026 03:16:16 +0000

Venus Pipes & Tubes Ltd, a prominent stainless-steel pipes and tubes manufacturer in India, has commenced commercial operations at its new fittings facility and expanded its seamless pipes and tubes capacity. This development marks a significant milestone in the company’s strategic growth and expansion plans.

The company has successfully commissioned an additional seamless pipes and tubes capacity of 4,200 MTPA, bringing the total capacity added under the current expansion phase to 6,000 MTPA. This is an increase from the initially planned 4,800 MTPA and includes the 1,800 MTPA capacity commissioned in November 2025. Additionally, Venus Pipes & Tubes has commissioned an equivalent capacity of Mother Hollow Pipes as part of its backward integration strategy for seamless pipes, driven by the positive demand outlook.

The commencement of operations at the fittings facility is a key step in Venus Pipes & Tubes’ forward integration strategy, allowing the company to expand into value-added product categories. This move is expected to enhance the company’s product portfolio and strengthen its position as a comprehensive stainless steel piping solutions provider, catering to a diverse range of industries including Power, Oil & Gas, Chemicals, Engineering, as well as emerging sectors such as Data Centers and Semiconductor manufacturing.

Arun Kothari, Managing Director of Venus Pipes & Tubes Ltd, commented on the development, stating, “Commissioning of our fittings facility along with the expanded seamless pipes / tubes capacity marks an important milestone in our growth journey. These additions are in line with our long-term vision of becoming a complete stainless steel piping solutions provider with a strong presence across value-added product categories.”

With these new capabilities now operational, Venus Pipes & Tubes aims to enhance its product offerings, improve value addition, and strengthen its presence in both domestic and international markets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Venus Pipes & Tubes begins commercial production of new pipe capacities

Yash Agarwal — Tue, 26 May 2026 03:12:01 +0000

Venus Pipes & Tubes has announced the commencement of commercial production for its new manufacturing capacities as of 26th May 2026. The company has started producing 4,200 metric tonnes per annum (MTPA) of seamless pipes and tubes, alongside 6,000 MTPA of mother hollow pipes and fittings.

This expansion marks a significant step for Venus Pipes & Tubes, enhancing its production capabilities to meet growing market demand. The new facilities are expected to bolster the company’s position in the industry by increasing its supply of high-quality piping solutions.

The seamless pipes and tubes are crucial components in various industries, including oil and gas, construction, and infrastructure, where durability and precision are paramount. The addition of mother hollow pipes and fittings to the production line further diversifies the company’s product offerings, potentially opening new market opportunities.

Venus Pipes & Tubes’ strategic expansion aligns with the company’s growth objectives and commitment to providing innovative solutions to its clients. By increasing its production capacity, the company aims to enhance its competitive edge and reinforce its reputation as a reliable supplier in the piping industry.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Green Energy commissions world’s largest battery storage system of 3.37 GWh

Yash Agarwal — Tue, 26 May 2026 03:01:26 +0000

Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, has successfully commissioned a 3.37 Gigawatt-hour (GWh) Battery Energy Storage System (BESS) at Khavda, Gujarat. This achievement marks the world’s largest single-location battery storage deployment outside China and is among the fastest executed globally. The project, which includes a 1.37 GWh capacity commissioned in March 2026, was completed within just ten months of construction commencement, highlighting AGEL’s rapid execution capabilities.

The commissioning of this BESS is a significant milestone in enhancing grid reliability and ensuring round-the-clock power supply. AGEL plans to expand its battery storage capacity by over 10 GWh in FY27 and aims to increase this to 50 GWh over the next five years. The 3.37 GWh BESS has the capacity to power nearly one million homes for a day or more than 12 million LED bulbs for ten hours continuously, supporting peak electricity demand in major cities or even entire states like Goa.

Sagar Adani, Executive Director of AGEL, emphasised the critical role of large-scale energy storage in India’s clean energy transition. He stated, “As renewable energy capacity scales rapidly, storage infrastructure becomes critical for delivering reliable, round-the-clock clean power. With the commissioning of the 3.37 GWh BESS at Khavda, AGEL is strengthening the foundation for resilient, dispatchable and flexible energy systems.”

The BESS project integrates advanced energy management systems with lithium-ion battery technologies, optimising efficiency and grid responsiveness. Strategically located at Khavda, Gujarat, the project further strengthens the world’s largest renewable energy plant, where AGEL is developing 30 GW by 2029, with 9.9 GW already operational.

As renewable energy adoption accelerates globally, utility-scale battery storage is emerging as essential infrastructure for reliable clean energy delivery. AGEL’s BESS deployment demonstrates how renewable power can evolve from intermittent generation into dependable, dispatchable energy infrastructure at scale.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Green Energy operationalises 1,990 MWh BESS and 50 MW solar projects in Gujarat

Yash Agarwal — Tue, 26 May 2026 02:54:43 +0000

Adani Green Energy has announced the commercial operationalisation of significant renewable energy projects in Khavda, Gujarat. The projects include a 1,990 MWh Battery Energy Storage System (BESS) and a 50 MW solar energy project, enhancing the company’s renewable energy footprint.

The BESS projects, developed through various stepdown subsidiaries, are part of Adani Green Energy‘s strategy to bolster its energy storage capabilities. The projects are divided among three special purpose vehicles (SPVs): Adani Renewable Energy Thirty Six Limited with a capacity of 642 MWh, Adani Renewable Energy Thirty Seven Limited with 1,042 MWh, and Adani Renewable Energy Forty Three Limited with 306 MWh.

In addition to the BESS projects, Adani Green Energy Twenty Four Limited has commissioned a 50 MW solar energy project. These developments bring the company’s total operational renewable generation capacity to 19,785.8 MW and its total operational BESS capacity to 3,366 MWh.

The decision to operationalise these projects was made based on relevant clearances and was finalised at 9.30 p.m. on May 25, 2026, with commercial operations commencing from May 26, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Corporate Actions Today, May 26: Dhampur Sugar, GPT Infraprojects, Hatsun Agro and IRB Infra Trade in focus

Aman Shukla — Tue, 26 May 2026 02:10:47 +0000

Several companies are scheduled for corporate actions on Monday, May 26, 2026, with shares of Dhampur Sugar Mills Limited, GPT Infraprojects Limited, Hatsun Agro Product Limited and IRB Infrastructure Developers Limited turning ex-dividend today.

Dhampur Sugar Mills Limited will trade ex-date for its interim dividend of Rs 2 per share.

GPT Infraprojects Limited has fixed Re 1 per share as interim dividend for eligible shareholders.

Hatsun Agro Product Limited is set to trade ex-dividend for its interim dividend of Rs 10 per share.

IRB Infrastructure Developers Limited will also trade ex-date today for an interim dividend of Re 0.05 per share.

The ex-dividend date is the date on which a stock begins trading without the benefit of the announced dividend. Investors generally need to purchase shares before the ex-date to be eligible for the dividend payout, subject to settlement rules.

The record date is used by companies to identify shareholders eligible to receive the dividend.

EMudhra reports 35.20% turnover rate for permanent employees in FY26

Yash Agarwal — Mon, 25 May 2026 16:59:11 +0000

eMudhra Limited, a leader in digital transformation services, has disclosed a turnover rate of 35.20% for its permanent employees during the financial year 2025-26. This figure represents a notable increase from the previous year’s turnover rate of 26.56%.

The company’s Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, provides detailed insights into its operations, employee demographics, and market reach. eMudhra, incorporated in 2008, is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with a paid-up capital of ₹41,40,58,535.

As of the end of FY26, eMudhra employed 604 permanent staff, with males constituting 67.22% and females 32.78% of the workforce. The report highlights a significant turnover rate among female employees at 47.22%, compared to 29.89% for male employees.

The company operates six offices nationally and ten internationally, serving markets in more than 35 countries. Despite the high turnover rate, eMudhra continues to expand its presence across various verticals, including BFSI, healthcare, education, government, and manufacturing, with a focus on digital transformation.

Exports contribute 2.07% to the company’s total turnover, reflecting its strategic expansion into international markets such as the Americas, Europe, and the Middle East.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

JSW Dulux reports no impact on audit opinion despite financial statement interchange

Arunika Jain — Mon, 25 May 2026 16:54:53 +0000

JSW Dulux Limited, formerly known as Akzo Nobel India Limited, has addressed an inadvertent interchange between account heads in its financial statements for the year ended 31 March 2026. The issue pertains to the previous year’s figures for FY 2024-25, specifically in the Statement of Assets and Liabilities.

The company has received a letter from its statutory auditors, Price Waterhouse Chartered Accountants LLP, confirming that the interchange does not affect their audit opinion dated 13 May 2026 on the standalone and consolidated financial results for the year ended 31 March 2026. The auditors noted that the figures for ‘Total non-current liabilities’ and ‘Total current liabilities’ as of 31 March 2025 were inadvertently interchanged between a few account heads.

The auditors provided a detailed comparison of the published financial results against the audited financial statements for the year ended 31 March 2025. The discrepancies were noted in several line items, including deferred tax liabilities, non-current provisions, and other non-current liabilities, among others. However, the total figures for non-current and current liabilities remained unchanged.

JSW Dulux Limited has acknowledged the observation and assured stakeholders that it has reviewed the issue. The company intends to inform all relevant parties, including stock exchanges, about the inadvertent interchange to ensure clarity and transparency.

Price Waterhouse Chartered Accountants LLP reiterated that their audit opinion remains unchanged and unaffected by this observation. They have requested the company to communicate this clarification to all stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lloyds Metals schedules AGM and announces record date for dividend

Business Desk — Mon, 25 May 2026 16:51:24 +0000

Lloyds Metals and Energy has announced that its 49th Annual General Meeting (AGM) will be held on 19th June 2026 via video conferencing. The meeting will comply with the guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company has set the record date for the AGM and dividend payment as 12th June 2026. The Register of Members and Share Transfer Books will be closed from 13th June to 19th June 2026, both days inclusive. This closure is to facilitate the AGM and the payment of the final dividend for the financial year ending 31st March 2026.

Additionally, Lloyds Metals and Energy has designated 12th June 2026 as the cut-off date for remote e-voting. This will determine the shareholders eligible to vote electronically on the matters to be discussed during the AGM. Shareholders holding shares in either physical or dematerialised form as of this date will be entitled to participate in the e-voting process.

The details of the AGM and the associated record dates are also available on the company’s official website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Travel Food Services cancels 4,652 stock options under ESOP plan

Yash Agarwal — Mon, 25 May 2026 16:34:25 +0000

Travel Food Services has announced the cancellation of 4,652 stock options previously granted under its Employee Stock Option Plan. This decision was made during a meeting of the Nomination and Remuneration Committee of the Board of Directors on 25th May 2026.

The cancelled stock options have been credited back to the company’s ESOP pool account. This move is part of the company’s ongoing efforts to manage its stock option allocations effectively.

The company has assured that the information regarding this cancellation has been duly uploaded on its official website, ensuring transparency and compliance with regulatory requirements.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Travel Food Services reports Rs 4,523 million PAT for FY26, up 21.5% YoY

Yash Agarwal — Mon, 25 May 2026 16:04:06 +0000

Travel Food Services Limited (TFS), a prominent operator of Travel QSR outlets and lounges in India, has announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a consolidated Profit After Tax (PAT) of ₹4,523 million for FY26, marking a 21.5% year-on-year increase on an adjusted basis.

The company’s system-wide sales rose to ₹32,144 million for FY26, reflecting a 25.4% growth compared to the previous year. In the fourth quarter alone, system-wide sales increased by 27.7% year-on-year, reaching ₹8,954 million. The growth was driven by a combination of like-for-like sales growth and net contract gains, despite challenges such as subdued passenger traffic and geopolitical tensions.

TFS expanded its network to over 550 Travel QSR outlets and lounges across 20 airports by the end of March 2026. This expansion included the mobilisation of new units at Delhi Airport, Navi Mumbai Airport, Cochin Airport, and the soon-to-be-opened Noida Airport. The company’s consolidated sales for Q4FY26 were ₹4,607 million, a 25.7% increase from the previous year.

The Board of Directors has recommended a final dividend of ₹10.25 per share for FY26, pending shareholder approval at the upcoming Annual General Meeting. TFS’s Managing Director and CEO, Mr. Varun Kapur, highlighted the company’s operational resilience and strong financial performance in FY26, despite facing challenges in the fourth quarter.

In addition to financial growth, TFS was recognised as a Great Place to Work for the second consecutive year, underscoring its commitment to fostering a strong workplace culture. The company also made significant strides in its EATS technology platform, enhancing airport service offerings.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Man Industries reports highest-ever EBITDA margins and 74% PAT surge in FY26

Arunika Jain — Mon, 25 May 2026 16:02:14 +0000

Man Industries (India) has announced its audited financial results for the quarter and fiscal year ended March 31, 2026, showcasing record-breaking performance. The company achieved its highest-ever standalone and consolidated EBITDA and PAT margins, attributed to a strategically optimised product and geographic mix.

In Q4 FY26, Man Industries reported a 36% year-on-year increase in standalone revenue, reaching ₹1,157 crore, and a 36.2% growth in consolidated revenue, adjusted for ₹369 crore of real estate income from Merino Shelters in Q4 FY25. The standalone EBITDA surged by 69% to ₹171 crore, with margins increasing by 300 basis points to 14.6%. Standalone PAT grew by 74% year-on-year to ₹70 crore.

The company’s consolidated core pipe business demonstrated robust performance, with a revenue growth of approximately 36.2% year-on-year in Q4 FY26. Man Industries maintained a strong balance sheet, with cash and cash equivalents of ₹657.2 crore and a net cash position of ₹157.5 crore at the year-end.

Man Industries’ current standalone order book stands at approximately ₹3,000 crore, executable over the next 6–12 months. The company also received a Full Commencement Certificate for 20,00,000 sq. ft. of the Merino Shelters project, with cash flows expected to commence from June 2026.

The construction of the Jammu greenfield stainless steel seamless pipe plant is on track for completion by December 2026, with commercial production expected by March 2027. Revenue contribution is anticipated from FY 2027-28 onwards.

For FY27, Man Industries has provided a consolidated revenue guidance of ₹5,000–5,500 crore, with an EBITDA margin of 13-15%. This guidance excludes contributions from Merino Shelters, expected to be an incremental earnings driver from June 2026.

Additionally, on May 21, 2026, Man Industries, through its subsidiary MISIC, acquired 100% of National Pipe Company Limited (NPC) in Saudi Arabia for USD 102 million (~₹1,000 crore). This acquisition adds 430,000 MTPA of pipe capacity and strengthens Man Industries’ position in the Saudi market.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bata India warns shareholders of potential share transfer to IEPF Demat Account

Business Desk — Mon, 25 May 2026 15:20:04 +0000

Bata India has issued a notice to its shareholders regarding the transfer of unclaimed equity shares to the Investor Education and Protection Fund Authority (IEPF) Demat Account. This action pertains to shares for which dividends have remained unclaimed or unpaid for seven consecutive years.

The company has communicated individually with affected shareholders, advising them of the impending transfer in accordance with Section 124(6) of the Companies Act, 2013, and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. Shareholders who have not encashed their dividends since the financial year 2018-19 are at risk of having their shares transferred to the IEPF Demat Account.

Bata India has made the necessary details available on its website under the ‘Investor Relations’ section. Shareholders are urged to take appropriate action to claim their dividends. They can do so by submitting a written application with their physical signature, complete postal address, and relevant banking details to the company’s registered office or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

The company has set a deadline of 18 June 2026 for shareholders to submit a valid claim to prevent their shares from being transferred. After this date, no claims will be entertained against shares transferred to the IEPF Demat Account.

For shares held in physical form, duplicate share certificates will be issued and converted into demat form before being transferred to the IEPF Demat Account. For shares held in demat form, the transfer will be effected through a corporate action by the depository.

Shareholders can reclaim their unclaimed dividends and shares from the IEPF Authority by submitting an online application using Form IEPF-5, available on the IEPF website. For further assistance, shareholders can contact Bata India‘s registered office or the Registrar and Share Transfer Agent.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels signs agreement for new property in Kumbakonam, Tamil Nadu

Yash Agarwal — Mon, 25 May 2026 15:15:22 +0000

Lemon Tree Hotels Limited has announced the signing of a new property, Lemon Tree Hotel, in Kumbakonam, Tamil Nadu. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. This new addition marks the company’s continued expansion in Tamil Nadu, bringing its total number of hotels in the state to eight, including six operational and two upcoming properties.

Kumbakonam, known for its rich heritage and spiritual significance, attracts a diverse range of visitors, including pilgrims, cultural travellers, and business guests. The city’s growing connectivity and transit movement have increased the demand for quality hospitality services, making it a strategic location for Lemon Tree Hotels.

The upcoming Lemon Tree Hotel in Kumbakonam will feature 66 well-appointed rooms, offering a modern and comfortable stay. The property will also include a multi-cuisine restaurant, versatile banquet spaces, a business meeting room, a swimming pool, a spa, and a fitness centre, catering to both leisure and business travellers.

Neelendra Singh, Managing Director of Lemon Tree Hotels, commented on the signing, stating that expanding into India’s iconic spiritual destinations is a strategic focus for the company. He highlighted Kumbakonam’s status as a bustling heritage city with a steady flow of pilgrims and cultural travellers, making it an ideal location for the Lemon Tree brand.

The hotel is conveniently located approximately 101 km from Tiruchirappalli (Trichy) International Airport, offering an accessible drive of under two hours. It is also just 300 meters from the Kumbakonam Railway Station, ensuring easy access for rail commuters.

This development aligns with Lemon Tree Hotels’ strategy to expand across high-potential Tier II and Tier III markets, strengthening its presence along crucial economic, spiritual, and transit corridors in India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sun Pharma Advanced Research Company receives Rs 149.99 crore for warrant allotment

Yash Agarwal — Mon, 25 May 2026 15:09:21 +0000

Sun Pharma Advanced Research Company (SPARC) has received a substantial sum of ₹149,99,64,500 from Shanghvi Finance Private Limited towards the preferential allotment of warrants. This financial transaction is part of SPARC’s compliance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The allotment involves 3,85,10,000 warrants, and the funds were received on 19 May 2026. The transaction was processed through ICICI Bank‘s Mumbai-Nariman Point branch, with multiple UTR numbers confirming the receipt.

This financial move aligns with SPARC’s strategic objectives to bolster its capital structure and maintain regulatory compliance. The receipt of funds from Shanghvi Finance Private Limited, a significant stakeholder, underscores the continued confidence in SPARC’s growth trajectory and financial health.

The statutory auditor, S R B C & Co LLP, has issued a certificate confirming SPARC’s compliance with the relevant regulatory requirements, ensuring that all necessary documentation is maintained as per the ICDR Regulations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Brigade Group signs JDA for Rs 850-crore residential project in Hyderabad

Kinjal — Mon, 25 May 2026 15:06:28 +0000

Brigade Group has entered into a Joint Development Agreement (JDA) for a premium residential project in Kompally, Hyderabad, estimated to generate ₹850 crores in revenue. The project will span 5.6 acres in a high-growth corridor, enhancing Brigade’s residential footprint in Telangana.

The proposed development aims to meet the increasing demand for high-quality, sustainable living spaces in North Hyderabad. Brigade plans to create a landmark residential community, integrating architectural excellence with world-class amenities.

Amar Mysore, Executive Director of Brigade Enterprises Limited, emphasised Hyderabad’s significance as a growth market for Brigade. He noted the city’s economic momentum, driven by thriving technology and infrastructure sectors, as ideal for the company’s expansion. Mysore stated, “As we further scale our operations, our focus will continue to remain on acquiring strategically located land parcels that not only offer high growth potential but also strictly align with the core principles, governance, and ethical standards that we stand for.”

Brigade Group’s presence in Hyderabad began with Brigade at No.7 in Banjara Hills and expanded with Brigade Citadel in Moti Nagar. The company continues to strengthen its presence with projects like Brigade Gateway at Neopolis, a 4 million sqft premium mixed-use development, and Brigade Enclave and Brigade Manor in Moti Nagar. This acquisition follows a recently announced four-acre project in Neopolis, which is in advanced design stages. Brigade plans to invest around ₹5000 crores across residential, commercial, hospitality, and retail sectors in Hyderabad over the next 3-4 years.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Brigade Group signs Rs 850-crore JDA for premium residential project in Hyderabad

Arunika Jain — Mon, 25 May 2026 15:02:12 +0000

Brigade Group has entered into a Joint Development Agreement (JDA) for a premium residential project in Kompally, Hyderabad, with an estimated revenue potential of ₹850 crores. The development spans 5.6 acres in a high-growth corridor, marking a significant expansion of Brigade’s residential footprint in Telangana.

The project aims to meet the rising demand for high-quality, sustainable, and modern living spaces in North Hyderabad. Brigade Group plans to create a landmark residential community, blending architectural excellence with world-class amenities.

Amar Mysore, Executive Director of Brigade Enterprises Limited, highlighted Hyderabad’s importance as a growth market for the company. He noted the city’s robust economic momentum, driven by thriving technology and infrastructure sectors, as ideal for Brigade’s expansion. Mysore stated that the company will continue to focus on acquiring strategically located land parcels that align with its core principles and ethical standards.

Brigade Group’s presence in Hyderabad began with Brigade at No.7 in Banjara Hills and expanded with Brigade Citadel in Moti Nagar. The company continues to strengthen its presence with projects like Brigade Gateway at Neopolis, a 4 million sqft premium mixed-use development, and Brigade Enclave and Brigade Manor in Moti Nagar. This latest acquisition follows a previously announced four-acre project in Neopolis, which is in an advanced design stage. Brigade plans to invest around ₹5000 crores across residential, commercial, hospitality, and retail sectors in Hyderabad over the next 3-4 years.

Established in 1986, Brigade Group is one of India’s leading property developers with nearly four decades of expertise. The company has developed landmark buildings across India in cities such as Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City, spanning residential, office, retail, hospitality, and education sectors.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NLC India signs MoU with NPCIL for nuclear power projects development

Kinjal — Mon, 25 May 2026 14:45:54 +0000

NLC India Limited has entered into a significant partnership with Nuclear Power Corporation of India Limited (NPCIL) to establish nuclear power projects in India. The collaboration, formalised through a Memorandum of Understanding (MoU) signed on 25th May 2026, aims to support India’s clean energy transition and the national vision of ‘Viksit Bharat’ and Net Zero Carbon.

The agreement was signed by Shri. Venkatachalam, Director/Power of NLCIL, and Shri. Rajesh, Director/Technical of NPCIL, in the presence of Shri. Prasanna Kumar Motupalli, CMD of NLCIL, and Shri. Bhuwan Chandra Pathak, CMD of NPCIL, alongside other functional directors from both companies. The joint venture will focus on developing 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR) based nuclear power projects, or other suitable power reactors using the latest technologies under mutually agreed terms.

This initiative aligns with India’s ambitious target of achieving 100 GW nuclear power capacity by 2047, a goal set to support the nation’s developmental aspirations and climate commitments. The partnership gains further importance following the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025, which modernises the legislative and policy framework governing the nuclear sector.

NLC India Limited, a Navratna Central Public Sector Enterprise under the Ministry of Coal, has a nearly seven-decade-long history in mining and power generation. The company is actively expanding into renewable and green energy initiatives, including solar, wind, and green hydrogen projects. NPCIL, under the Department of Atomic Energy, is India’s leading organisation in the design, construction, and operation of nuclear power plants.

The collaboration between NLCIL and NPCIL is seen as a strategic move to explore opportunities for establishing advanced nuclear power projects, contributing to reliable base-load power generation and long-term energy security for India. Shri Prasanna Kumar Motupalli, CMD of NLCIL, highlighted the partnership as a milestone in NLCIL’s diversification into clean and sustainable energy sectors. He emphasised the role of nuclear energy in ensuring India’s long-term energy security and supporting the nation’s commitment to achieving Net Zero Carbon emissions.

The alliance reflects the shared commitment of both organisations towards sustainable development, technological advancement, and nation-building through reliable and green energy solutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

NLC India signs MoU with NPCIL for nuclear power projects

Yash Agarwal — Mon, 25 May 2026 14:45:00 +0000

NLC India Limited has signed a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India Limited (NPCIL) to form a Joint Venture (JV) for developing nuclear power projects in India. This collaboration marks a significant step in India’s clean energy transition and supports the nation’s vision of ‘Viksit Bharat’ and Net Zero Carbon.

The MoU was signed on 25th May 2026 by Shri. Venkatachalam, Director/Power of NLCIL, and Shri. Rajesh, Director/Technical of NPCIL, in the presence of Shri. Prasanna Kumar Motupalli, CMD of NLCIL, and Shri. Bhuwan Chandra Pathak, CMD of NPCIL, along with functional directors of both companies. The JV aims to develop 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR) based nuclear power projects or other suitable power reactors based on the latest technologies and mutually agreed terms.

India has set an ambitious target of achieving 100 GW nuclear power capacity by 2047 to support its developmental aspirations and climate commitments. This initiative gains importance following the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025, which aims to modernise the legislative and policy framework governing the nuclear sector.

NLC India Limited, a Navratna Central Public Sector Enterprise under the Ministry of Coal, has a long-standing presence in mining and power generation, with a focus on expanding into renewable and green energy initiatives. NPCIL, under the Department of Atomic Energy, is the premier organisation in India for the design, construction, and operation of nuclear power plants.

The strategic collaboration between NLCIL and NPCIL underscores the importance of nuclear energy in India’s future energy mix and aims to establish advanced nuclear power projects contributing to reliable base-load power generation and long-term energy security.

Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, highlighted the partnership as a significant milestone in NLCIL’s diversification into clean and sustainable energy sectors. He emphasised the vital role of nuclear energy in ensuring India’s long-term energy security and commitment to achieving Net Zero Carbon emissions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Container Corporation of India declares Rs 1.00 final dividend per share for FY26

Arunika Jain — Mon, 25 May 2026 13:55:13 +0000

Container Corporation of India has announced a final dividend of ₹1.00 per equity share for the financial year 2025-26, representing 20% of the face value of ₹5 per share. This final dividend is in addition to the three interim dividends paid during the year, which amounted to ₹1.60, ₹2.60, and ₹3.40 per share, respectively. The final dividend is subject to approval at the company’s upcoming Thirty Eighth Annual General Meeting.

The board meeting, which took place on 25 May 2026, also saw the approval of the company’s standalone and consolidated financial statements for the year. The audited financial results, along with the segment-wise revenue, results, and capital employed for the quarter and year ended 31 March 2026, were also released. Additionally, the board provided a declaration regarding the unmodified opinion on these financial statements.

Furthermore, the board has extended the term of the internal audit firms for another year, covering the financial year 2026-27. The firms include JKS S & Associates for Corporate Office & Area-I (North), Batliboi & Purohit for Area-II (West), Tarun Kandhari & Co. LLP for Area-III (South), and MAPSS And Company for Area-IV (East).

The board meeting commenced at 15:30 hours and concluded at 18:40 hours on the same day.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

One Point One Solutions files depository compliance certificate for Q4 FY26

Yash Agarwal — Mon, 25 May 2026 13:53:38 +0000

One Point One Solutions Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026.

The certificate, issued by MUFG Intime India Private Limited (the company’s Registrar and Transfer Agent), confirms the company’s adherence to regulatory requirements regarding the handling of dematerialised securities during the specified quarter.

According to the certificate, securities received from depository participants for dematerialisation during Q4 FY26 were confirmed—either accepted or rejected—to the depositories. The certificate further validates that securities comprised in the said certificates have been listed on the stock exchanges where the earlier issued securities are listed.

The confirming statement notes that security certificates received for dematerialisation have been appropriately confirmed or rejected, and that security certificates received have been mutilated and cancelled after due verification by the depository participant. The certificate also confirms that the names of the depositories have been substituted in the register of members as registered owner within the prescribed timelines.

Critically, MUFG Intime India noted in the certificate that no demat or remat requests were received and processed by the company during the quarter ended 31 March 2026. The certificate was issued solely for compliance purposes as requested by the company.

One Point One Solutions Limited is registered under CIN L74900MH2008PLC182869, with its corporate office located in Navi Mumbai, Maharashtra. The filing was submitted to both BSE Limited (Scrip Code: 500325) and the National Stock Exchange of India Limited (Security Code: ONEPOINT) on 25 May 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Vaxtex Cotfab reports ₹1.85 crore borrowing through debt securities in FY 2025-2026

Yash Agarwal — Mon, 25 May 2026 13:41:29 +0000

Vaxtex Cotfab Limited has disclosed its financial details for the fiscal year 2025-2026, highlighting a borrowing of ₹1.85 crore through debt securities. The company confirmed that it does not qualify as a Large Corporate Entity under the criteria set by the Securities and Exchange Board of India (SEBI).

The report, filed for the fiscal year 2025-2026, outlines that the company had no mandatory borrowing requirement through debt securities for the year. Consequently, there was no shortfall in the mandatory borrowing, nor was there any penalty applicable for the previous block period of 2024-2025 and 2025-2026.

The outstanding borrowings of Vaxtex Cotfab as of 31 March 2026 stood at ₹1.86 crore. The company did not have a credit rating for the previous financial year, and as such, no credit rating agency was involved.

According to the SEBI circulars referenced in the disclosure, Vaxtex Cotfab reiterated its status as not being a Large Corporate. This status exempts the company from certain regulatory requirements applicable to larger corporate entities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Pine Labs reports audited financial results for year ended March 2026

Business Desk — Mon, 25 May 2026 13:36:25 +0000

Pine Labs Limited has released its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The announcement was made following a Board Meeting held on 25 May 2026, which commenced at 3:00 PM and concluded at 4:35 PM.

The financial results were prepared in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s statutory auditor, BSR & Co. LLP, provided an unmodified opinion on the financial statements, confirming that they present a true and fair view of the company’s financial performance.

The results, which are to be published in newspapers, include the net profit and other comprehensive income for the year, adhering to the Indian Accounting Standards. The Board of Directors approved the figures for the quarter ended 31 March 2025, although these figures were not subjected to audit as the company was listed during the current financial year.

Additionally, Pine Labs has announced that the trading window for its securities will open on 28 May 2026, in line with the company’s Code of Conduct for Prevention of Insider Trading and SEBI regulations.

The financial results and related documents are available on the company’s website under the investor relations section.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

LG Electronics India secures Rs 881.86 crore incentive under Maharashtra electronics policy

Arunika Jain — Mon, 25 May 2026 13:21:29 +0000

LG Electronics India has announced an increase in its eligibility for incentives under the Government of Maharashtra‘s Electronics Policy. The company has received an addendum to its Eligibility Certificate, which now entitles it to a total incentive of ₹881.86 crore. This marks an increase of ₹176.12 crore from the previously reported ₹705.74 crore in January 2026.

The incentives are applicable to investments made in fixed assets from 1 November 2017 to 30 October 2025 at LG Electronics India‘s eligible units located in Ranjangaon, Pune, Maharashtra. The company will receive these incentives in various forms, including SGST refund, electricity duty exemption, stamp duty exemption, refund of employee’s contribution to EPF, power tariff subsidy, and exemption from payment of property tax.

The validity period for availing these incentives is set from 1 May 2025 to 30 April 2040. Additionally, the annual incentive limit has been increased from ₹47.04 crore to ₹58.79 crore, as per the new addendum.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Indiamart urges shareholders to update email and bank details for seamless communication

Yash Agarwal — Mon, 25 May 2026 13:20:50 +0000

Indiamart Intermesh has issued an appeal to its shareholders to update their email IDs, Permanent Account Number (PAN), and bank details. This move is in compliance with Rule 18(3)(i) of the Companies (Management and Administration) Rules, 2014, and Rule 11 of the Companies (Accounts) Rules, 2014, alongside various circulars and notifications from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

The company emphasises the importance of having updated contact information to ensure timely receipt of communications, including the notice for the upcoming 27th Annual General Meeting and the Annual Report for the fiscal year 2025-26, which will be distributed in electronic form.

In addition, Indiamart highlights the necessity for shareholders to register or update their bank account details. This follows an amendment in Regulation 12 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates that dividend payments be processed exclusively through electronic means. Shareholders are advised to update their KYC details with the Depository Participants where their demat accounts are maintained to facilitate seamless credit of dividend amounts.

This initiative underscores Indiamart’s commitment to enhancing shareholder communication and ensuring efficient processing of dividends.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godrej Consumer Products submits annual secretarial compliance report for FY26

Kinjal — Mon, 25 May 2026 13:08:19 +0000

Godrej Consumer Products has submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2026. The report was prepared by Nilesh Shah & Associates, Company Secretaries in practice, in accordance with Regulation 24A of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The report confirms that Godrej Consumer Products has complied with all applicable statutory provisions and adhered to good corporate practices during the review period. The secretarial review was conducted to evaluate the corporate conducts and statutory compliances of the company, providing a reasonable basis for the observations made.

The compliance report covers various aspects, including the verification of the company’s books, papers, minutes books, forms, and returns filed. It also includes an examination of documents and records made available by the company, along with explanations provided by its officers, agents, and authorised representatives.

The report further outlines the compliance with the provisions of the Securities and Exchange Board of India Act, 1992, and the Securities Contracts (Regulation) Act, 1956, along with the regulations, circulars, and guidelines issued thereunder.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

JB Chemicals reports 35% of turnover from exports in FY26

Business Desk — Mon, 25 May 2026 13:07:37 +0000

JB Chemicals & Pharmaceuticals Limited has released its Business Responsibility and Sustainability Report for the financial year 2025-26, highlighting significant contributions from international markets. The company has reported that exports account for 35% of its total turnover, underscoring its strong presence in global markets.

The report details the company’s operations, revealing that JB Chemicals serves over 150 million patients annually within India, with a notable presence in the cardiology segment. The company considers Russia and South Africa as key markets alongside India. It exports finished formulations to more than 40 countries, including the United States, and is recognised as a global leader in the production of medicated and herbal lozenges.

The company’s operations include eight manufacturing facilities across India, all certified by major international regulatory authorities. These facilities include a dedicated unit for lozenges, which contributes to JB Chemicals’ standing among the top five lozenge manufacturers worldwide.

In terms of workforce, JB Chemicals employs a total of 5,470 people, with a male-to-female ratio of approximately 89.63% to 10.37% among employees. The company also employs 2,436 workers, with a similar gender distribution. The report highlights the company’s commitment to inclusivity, with provisions for differently abled employees and workers.

JB Chemicals’ sustainability efforts are guided by several principles, including conducting business with integrity, providing sustainable and safe goods, promoting employee well-being, and respecting human rights and the environment. The company aims to influence public and regulatory policy responsibly and transparently, promote inclusive growth, and engage with consumers responsibly.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Maruti Suzuki’s CCI hearing adjourned to 27th May as arguments continue

Arunika Jain — Mon, 25 May 2026 12:26:03 +0000

Maruti Suzuki India Limited disclosed that its ongoing matter before the Competition Commission of India (CCI) was taken up for hearing on 25th May 2026. Arguments were advanced on behalf of the CCI during the proceeding, and the matter has been adjourned to 27th May 2026 to allow arguments to continue.

The company had previously intimated the stock exchanges on 11th May 2026 regarding the CCI matter, which was earlier adjourned and scheduled for hearing on 25th May 2026. The regulatory update was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was submitted to both the National Stock Exchange of India Limited and BSE Limited by Sanjeev Grover, Executive Officer and Company Secretary of Maruti Suzuki India Limited.

Aditya Birla Fashion and Retail reports 16% revenue growth in Q4FY26

Arunika Jain — Mon, 25 May 2026 12:22:38 +0000

Aditya Birla Fashion and Retail Limited (ABFRL) reported a 16% increase in revenue for the fourth quarter of the fiscal year 2026, reaching ₹1,990 crore. This growth was driven by strong performance in its Pantaloons and TMRW segments, which saw double-digit increases.

In the quarter ending 31st March 2026, ABFRL’s EBITDA surged by 57% to ₹311 crore, with an EBITDA margin of 15.7%, up by approximately 410 basis points from the previous year. The company’s Pantaloons segment recorded a 19% revenue growth, with the Pantaloons format itself growing by 17% year-on-year. TMRW, another key segment, saw a 45% increase in revenue compared to the previous year.

The company’s e-commerce channel experienced over 30% growth year-on-year, supported by enhanced omni-channel capabilities and faster fulfilment processes. ABFRL also expanded its retail footprint by adding over 180 new stores in FY26, with the total retail area now spanning over 7.9 million square feet.

For the full fiscal year, ABFRL’s revenue increased by 11% to ₹8,177 crore, with an EBITDA of ₹967 crore, marking a 28% growth over the previous year. The company closed the fiscal year with a gross cash position of ₹1,545 crore, with ₹1,144 crore at the standalone level.

ABFRL’s diverse portfolio includes masstige and value retail under Pantaloons and OWND, a comprehensive ethnic wear collection, luxury retail with brands like The Collective, and a leading portfolio of digital-first fashion brands under TMRW.

The ethnic wear segment reached an annual revenue of over ₹2,200 crore, with significant contributions from designer-led brands and premium ethnic wear brands like Jaypore and TASVA. The luxury retail segment, including Galeries Lafayette, continued to grow, with the latter showing strong early traction since its opening in November 2025.

Looking ahead, ABFRL aims to continue its disciplined growth strategy, focusing on distribution expansion, brand building, and operational enhancements to drive sustained profitability across its segments.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sundaram Finance reports ₹1,834 crore PAT for FY26

Business Desk — Mon, 25 May 2026 12:19:49 +0000

Sundaram Finance has reported a Profit After Tax (PAT) of ₹1,834 crore for the financial year 2026, marking a significant achievement for the company. This figure highlights the company’s robust financial health and its ability to navigate the complexities of the financial market effectively.

The company’s Receivables Under Management (RUM) reached ₹70,137 crore, indicating a strong growth trajectory over the past two decades. This growth in RUM reflects Sundaram Finance‘s strategic focus on expanding its asset finance and commercial lending portfolios, which include offerings such as cars, commercial vehicles, construction equipment, and tractors.

Sundaram Finance’s strategic sources of distinctiveness include its 72-year heritage of trust and prudence, pioneering role in hire-purchase finance in India, and a diversified financial services group across lending, general insurance, home finance, and asset management. The company boasts a total Assets Under Management (AUM) of over ₹1,65,000 crore.

The company has maintained a legacy of deep customer connect and loyalty, with an impressive 80% renewal rate across its offerings. Sundaram Finance has also embraced a technology-enabled and data-powered approach to enhance its high-touch customer service model, ensuring consistent best-in-class asset quality performance over the years.

In terms of its group performance, Sundaram Finance has a consolidated AUM of ₹1,66,998 crore, with 1,182 branches and a staff strength of 12,307 employees serving a customer base of 61,72,790 individuals.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Arvind Fashions appoints Lakshmi Krishnan as Chief Human Resources Officer

Arunika Jain — Mon, 25 May 2026 12:18:05 +0000

Arvind Fashions Limited (AFL), a prominent name in India’s casual and denim wear market, has announced the appointment of Ms. Lakshmi Krishnan as its new Chief Human Resources Officer (CHRO). Lakshmi Krishnan brings with her over 25 years of extensive global experience in human resources, having successfully led transformation initiatives and built high-performing teams across various geographies.

Her career trajectory includes significant leadership roles in India, Southeast Asia, and the United Kingdom, with a focus on the consumer goods, financial services, and technology sectors. Prior to joining Arvind Fashions, she served as the Head of HR for Corporate Functions at Unilever‘s global headquarters in London. There, she worked closely with the Global CFO and Chief Legal Officer to implement organisation-wide transformation initiatives impacting over 5,000 employees.

In her previous role as Head of HR for Unilever’s Global Procurement business in Singapore, a €31 billion operation, Lakshmi successfully led an inclusion programme that significantly enhanced organisational effectiveness and performance.

Ms. Amisha Jain, Managing Director & CEO of Arvind Fashions Limited, expressed her enthusiasm about the new appointment, stating, “We are delighted to welcome Lakshmi to AFL at an important moment in our growth journey. Her global HR leadership across consumer, financial services, and technology businesses and her track record of driving transformation at scale will be invaluable as we strengthen our organisational capabilities and build the talent and culture needed for our next phase of growth.”

Lakshmi Krishnan also commented on her new role, saying, “I am excited to join Arvind Fashions at this important phase of its growth journey. The company’s strong portfolio of brands and its focus on building future-ready capabilities present a compelling opportunity. I look forward to working closely with the leadership team to further strengthen the organisation, nurture talent, and build a high-performance culture.”

Lakshmi holds a Master’s degree in Social Work (Gold Medallist) from the University of Madras and is currently pursuing the CHRO Program at Wharton.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sundaram Finance holds press meet after FY26 results announcement

Arunika Jain — Mon, 25 May 2026 11:53:48 +0000

Sundaram Finance Limited held a press conference on 25 May 2026 to discuss the company’s financial performance for the year ended 31 March 2026, the company disclosed to the National Stock Exchange of India.

Managing Director Rajiv C. Lochan, Joint Managing Director A.N. Raju, and Chief Financial Officer M. Ramaswamy interacted with journalists at the press meet, which was conducted following the announcement of the company’s audited financial results.

The disclosure was made under Regulation 30 read with Schedule III, Part A, Paragraph A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that no unpublished price-sensitive information (UPSI) was shared during the interaction with the media. The filing was submitted by P.N. Srikant, Chief Compliance Officer and Company Secretary of Sundaram Finance.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Paytm Cloud Technologies approves EUR 9 million investment in Paytm Europe

Business Desk — Mon, 25 May 2026 11:38:54 +0000

Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications Limited, has announced an additional investment in its subsidiary, Paytm Europe Payments S.A. The Board of Directors of PCTL approved the subscription to 9 million equity shares of Paytm Europe, each valued at EUR 1, amounting to a total investment of EUR 9 million.

Paytm Europe, a wholly owned subsidiary of PCTL, was incorporated on January 12, 2026, in Luxembourg and is yet to commence its business operations. The investment aims to increase the paid-up capital of Paytm Europe to support its future business requirements in the payment services industry.

The transaction is classified as a related party transaction, with Paytm Europe being a related party of One 97 Communications Limited. The investment is conducted at arm’s length, ensuring fair valuation and compliance with regulatory requirements.

The acquisition process is expected to be completed on or before June 30, 2026. The investment is made through cash consideration, with no change in the shareholding structure of Paytm Europe. PCTL will continue to hold 100% of the paid-up share capital of Paytm Europe, maintaining its status as a step-down wholly owned subsidiary of One 97 Communications Limited.

This strategic move is aimed at bolstering Paytm Europe’s capital base to facilitate its entry into the European payment services market.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Paisalo Digital redeems Rs 1 crore in non-convertible debentures

Business Desk — Mon, 25 May 2026 11:21:47 +0000

Paisalo Digital has announced the partial redemption of its unlisted, unsecured redeemable non-convertible debentures (NCDs) by exercising the call option. The company has redeemed 10 NCDs from its Series PDL-09-2023, amounting to ₹1 crore. These debentures were originally set to mature on 2nd September 2033.

This decision aligns with the company’s strategic financial management practices, allowing it to optimise its debt structure. The redemption of these debentures is conducted under the regulations set by the Securities and Exchange Board of India (SEBI), specifically under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The move reflects Paisalo Digital‘s proactive approach in managing its financial obligations and ensuring a balanced capital structure. By opting for the call option, the company demonstrates its commitment to maintaining financial flexibility and reducing potential future liabilities.

Paisalo Digital’s decision to redeem these debentures is a significant step in its ongoing efforts to manage its debt portfolio effectively. This action is expected to impact the company’s financial statements positively by reducing its outstanding debt obligations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Tata Communications issues Rs 300 crore commercial paper at 7.27% discount rate

Arunika Jain — Mon, 25 May 2026 11:04:35 +0000

Tata Communications has announced the issuance and allotment of commercial paper totalling ₹300 crore. The commercial paper, issued on 22 May 2026, carries a discount rate of 7.27% per annum and is set to mature on 21 August 2026. Each security has a face value of ₹5,00,000. The commercial paper has been listed on the National Stock Exchange of India Limited as of 25 May 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Apollo Hospitals announces NCLT-convened meetings for creditors and shareholders

Business Desk — Mon, 25 May 2026 10:56:40 +0000

Apollo Hospitals Enterprise has announced the scheduling of NCLT-convened meetings for its secured creditors, unsecured creditors, and equity shareholders. These meetings are set to take place on 24 June 2026, at 10:00 a.m., 11:00 a.m., and 2:30 p.m. respectively. The meetings are being held in accordance with the directions of the Hon’ble National Company Law Tribunal, Chennai Bench.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows an earlier communication dated 21 May 2026. The notice regarding these meetings has been published in the Business Standard (English Edition) and Makkal Kural (Tamil Edition) on 23 May 2026.

Apollo Hospitals has enclosed copies of these newspaper publications for reference and record purposes.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bharat Electronics secures Rs 608 crore order for defence equipment

Yash Agarwal — Mon, 25 May 2026 10:51:38 +0000

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has announced the acquisition of additional orders worth ₹608 crore. This development follows the company’s previous disclosure on 5th May 2026.

The new orders encompass a wide range of defence-related equipment and systems. Significant orders include communication equipment, avionics, an information fusion centre, a coastal surveillance radar system, seekers, jammers, tank subsystems, laser-based fuzes, simulators, medical electronics, batteries, spares, and related services.

This achievement underscores BEL’s ongoing commitment to enhancing its capabilities and expanding its portfolio in the defence sector. The orders reflect the company’s strategic focus on leveraging its expertise in advanced technologies to meet the evolving needs of the defence industry.

Bharat Electronics, recognised for its contributions to India’s defence sector, continues to solidify its position as a leading provider of cutting-edge defence solutions. The company’s ability to secure such substantial orders reaffirms its role as a key player in the industry.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CDSL secures SEBI approval for new executive directors

Yash Agarwal — Mon, 25 May 2026 10:48:29 +0000

Central Depository Services (India) Limited (CDSL) has announced that it has received approval from the Securities and Exchange Board of India (SEBI) for the appointment of two new Executive Directors. Shri Amit Mahajan and Smt. Nayana Ovalekar have been appointed to the Governing Board of CDSL for Vertical 1 and Vertical 2, respectively.

Amit Mahajan, bearing Director Identification Number (DIN) 06984769, will serve as the Executive Director for Vertical 1, which encompasses Critical Operations. Meanwhile, Nayana Ovalekar, with DIN 02195513, will take on the role of Executive Director for Vertical 2, which covers Regulatory, Compliance, Risk Management, and Investor Grievances.

The appointments are subject to ratification by the shareholders of CDSL and will be effective upon their respective dates of joining. The SEBI approval was communicated through letters dated and received on May 25, 2026, with reference numbers HO/47/22/16(1)2026-MRD-RAC2-I/12349/2026 and HO/47/24/13(2)2026-MRD-RAC2-I/12351/2026.

This development follows an earlier intimation by CDSL dated May 02, 2026. The information regarding these appointments is also available on the company’s official website, in compliance with Regulation 46 of the SEBI Listing Regulations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Vinati Organics receives clean compliance report for FY26

Kinjal — Mon, 25 May 2026 10:39:44 +0000

Vinati Organics Limited has successfully complied with all applicable statutory provisions and corporate practices for the financial year ended 31 March 2026. This was confirmed in the Annual Secretarial Compliance Report issued by M/s. VKM & Associates, Practising Company Secretaries.

The report, which evaluates the company’s adherence to the Securities and Exchange Board of India (SEBI) regulations, confirms that Vinati Organics has met all necessary compliance requirements. The review covered various aspects, including the company’s compliance with the SEBI Act, the Securities Contracts (Regulation) Act, and other relevant regulations and guidelines issued by SEBI.

The secretarial audit was conducted with a thorough examination of the company’s documents, records, and submissions to the stock exchange. The auditors also reviewed the company’s website and any other relevant filings to ensure comprehensive compliance.

Key areas of compliance included the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company was found to be in full compliance with these regulations, as well as maintaining a functional website with timely dissemination of information.

The report also highlighted that none of the company’s directors were disqualified under Section 164 of the Companies Act, 2013. Additionally, the company has identified and disclosed its material subsidiaries in accordance with SEBI regulations.

The compliance report underscores Vinati Organics’ commitment to maintaining high standards of corporate governance and transparency.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Trident CFO Avneesh Barua resigns, last working day set for May 29, 2026

Yash Agarwal — Mon, 25 May 2026 10:29:33 +0000

Trident’s Chief Financial Officer, Avneesh Barua, has resigned from his position, with his last working day scheduled for May 29, 2026. The announcement was made in a regulatory filing submitted to the National Stock Exchange of India (NSE) and the BSE Limited.

The resignation of Avneesh Barua, who also served as a Key Managerial Personnel and Senior Management Personnel, was attributed to personal reasons as stated in his resignation letter. The company has not disclosed further details regarding the reasons for his departure.

Trident Limited has assured that it will notify the stock exchanges about the appointment of a new Chief Financial Officer in compliance with the applicable regulatory requirements.

The company expressed its gratitude towards Mr. Barua for his contributions during his tenure and wished him success in his future endeavours.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).