Executive Summary
The 50 filings from May 22, 2026, reveal a bifurcated corporate landscape in India. While several companies like Anand Rayons, Bansal Roofing, and Vaibhav Global posted strong annual revenue and profit growth, a significant number are grappling with margin compression, one-time charges from new labour codes, and deteriorating asset quality.
The most critical governance red flags include a company (Next Mediaworks) reporting zero revenue with a fully eroded net worth and a non-going concern audit opinion, and another (Eurotex) facing a material uncertainty over its ability to continue as a going concern. A notable sector-wide theme is the impact of new Labour Codes, which triggered exceptional charges for at least three companies (Cg-Vak, Syncom, Unichem). Capital allocation is mixed, with several companies recommending dividends while others, like Modern Steels, are non-operational. Insider trading activity is largely absent from these filings, but forward-looking data points to a heavy cluster of board meetings in late May 2026 for results approval, creating a near-term catalyst calendar. The overall sentiment is cautious, with a high number of 'mixed' ratings, indicating that strong top-line growth is often offset by rising costs, exceptional items, or sequential quarterly weakness.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance
Tracking the trend? Catch up on the prior India Corporate Governance MCA ROC Filings digest from May 21, 2026.
Investment Signals (11)
- Anand Rayons ↓ (MIXED)▲
Revenue surged 38% YoY and net profit skyrocketed 131.9% YoY, but Q4 revenue declined 6.8% sequentially and operating cash flow turned deeply negative to (₹1,128.06) Lakh from a positive ₹1,123.16 Lakh, signaling a potential working capital crisis.
- Bansal Roofing Products ↓ (BULLISH)▲
Revenue grew 59.7% YoY and net profit rose 90.3% YoY, with Q4 showing even stronger momentum (revenue +53.9% YoY, profit +84.5% YoY). The board also re-appointed the MD for five years, signaling management continuity.
- Vaibhav Global ↓ (MIXED)▲
Full-year consolidated net profit surged 73.7% YoY, but Q4 revenue declined 12.3% sequentially and the UK segment posted a loss of ₹2,256.16 Lakh, indicating potential geographic headwinds.
- Syncom Formulations ↓ (BULLISH)▲
Net profit surged 55.5% YoY despite a 3.2% decline in the Pharmaceuticals segment in Q4, and the company corrected its EPS calculation method to comply with Ind AS 33, which restated all prior period comparatives.
- Remsons Industries ↓ (MIXED)▲
Consolidated revenue and net profit both grew 25.6% YoY, but Q4 standalone profit before exceptional items fell sharply to ₹539.26 Lakh from ₹889.44 Lakh in Q3, and the board recommended a minimal dividend of just Re. 0.10 per share.
- SMS Pharmaceuticals ↓ (MIXED)▲
Full-year revenue grew 13.3% YoY and net profit rose 28.1% YoY, but Q4 revenue declined 4.1% YoY, suggesting a deceleration in the core business.
- Prabha Energy ↓ (BULLISH)▲
Turned profitable with a net profit of ₹47.32 Lakh for FY26 vs. a loss of ₹156.48 Lakh in FY25, and revenue grew 183% YoY. The company also sold a 70% stake in a subsidiary at a premium, unlocking value.
- Euro Panel Products ↓ (BULLISH)▲
Revenue grew 19.1% YoY and net profit surged 47.6% YoY, with Q4 profit jumping 45.7% sequentially. The company also incorporated a new subsidiary, signaling expansion.
- Faze Three ↓ (BEARISH)▲
Revenue grew 30.5% YoY, but net profit declined 29.6% for the full year and 15.5% in Q4, indicating severe margin compression despite strong top-line growth.
- Ascensive Educare ↓ (BEARISH)▲
Full-year revenue grew 66.1% YoY, but H2 FY26 saw a sharp 46.1% decline in profit before tax compared to H1, and revenue dropped 5.5% sequentially, indicating a significant slowdown.
- Cg-Vak Software ↓ (MIXED)▲
Full-year revenue grew 7.6% YoY and net profit rose 2.3%, but Q4 posted a net loss of ₹13.93 Lakh due to a one-time exceptional charge of ₹235.97 Lakh from new Labour Codes, masking underlying profitability.
Risk Flags (9)
- Next Mediaworks/Going Concern↓ [CRITICAL RISK]▼
Zero revenue from operations, fully eroded net worth, and a non-going concern audit opinion. The company reported a net loss of ₹528 Lacs vs. a profit of ₹394 Lacs in FY25, with an exceptional loss of ₹72 Lacs from GST input tax credit impairment.
- Eurotex Industries/Going Concern↓ [HIGH RISK]▼
Auditor flagged material uncertainty due to accumulated losses, negative net worth, and discontinued operations since March 2019. A ₹305.54 Lakh electricity duty liability from an adverse Supreme Court order adds further financial strain.
- Modern Steels/Operational Risk↓ [HIGH RISK]▼
Company has no manufacturing operations after a slump sale and relies solely on commission income. Net profit fell 76% to ₹106 Lakh in FY26, and deferred tax assets are not recognized due to lack of certainty on future income.
- Engineers India/Revenue Realization Risk↓ [HIGH RISK]▼
Auditor highlighted an ₹86.33 crore revenue recognized on an unapproved change order claim from HRRL and a ₹42.38 crore trade receivable from an Angolan client reclassified as doubtful. These represent material risks to asset quality and cash flow.
- Modern Dairies/Contingent Liability↓ [HIGH RISK]▼
Faces a massive contingent liability of ₹544.31 Crore related to milk cess litigation with the Government of Haryana, against which only a ₹21.89 Crore provision has been made. This could severely impact the balance sheet if the liability materializes.
- VL E-Governance & IT Solutions/Negative Equity↓ [HIGH RISK]▼
Other equity remains deeply negative at ₹(6,388.52) Lakhs, worsening from the prior year. While the net loss narrowed, revenue declined 44.1% YoY, indicating a shrinking business.
- HB Stockholdings/Worsening Losses↓ [HIGH RISK]▼
Net loss on fair value change increased to ₹857.13 Lakhs from ₹236.79 Lakhs in FY25, and finance costs surged 118.7% to ₹131.47 Lakhs, indicating deteriorating investment performance and higher leverage.
- Add-Shop E-Retail/Margin Collapse↓ [HIGH RISK]▼
Full-year net profit declined 68.2% YoY despite flat revenue, driven by a sharp decline in the Animal Food segment's result from ₹5,076.04 Lakhs to ₹1,075.71 Lakhs, signaling a potential structural issue in its largest segment.
- Shri Vasuprada Plantations/Profit Reversal↓ [MODERATE RISK]▼
The company swung from a net profit of ₹568.66 Lakhs in FY25 to a net loss of ₹699.03 Lakhs in FY26, as expenses grew faster than income. The absence of prior year's exceptional items did not prevent the loss.
Opportunities (8)
- Anand Rayons/Turnaround Play↓ (OPPORTUNITY)◆
Despite a negative operating cash flow, the company's revenue grew 38% YoY and net profit surged 131.9% YoY. If the company can manage its working capital (trade receivables surged to ₹8,655.56 Lakh), the strong top-line growth could translate into significant cash flow generation.
- Prabha Energy/Value Unlocking↓ (OPPORTUNITY)◆
The company turned profitable and sold a 70% stake in a subsidiary at a premium. With capital work in progress at ₹29,881.18 Lakh, the company is investing heavily in projects, which could drive future growth.
- Euro Panel Products/Expansion Play↓ (OPPORTUNITY)◆
Strong financial performance (revenue +19.1%, profit +47.6%) coupled with the incorporation of a new subsidiary, Euro Sealant Private Limited, signals aggressive expansion. The resignation of an independent director is a minor governance concern but does not overshadow the growth story.
- Bansal Roofing Products/Momentum Play↓ (OPPORTUNITY)◆
With Q4 revenue growth of 53.9% YoY and profit growth of 84.5% YoY, the company is showing accelerating momentum. The re-appointment of the MD for five years provides management stability.
- Vaibhav Global/Geographic Rebalancing↓ (OPPORTUNITY)◆
While the UK segment posted a loss, the overall company reported a 73.7% surge in net profit. If the UK operations can be turned around, the stock could see significant upside.
- Syncom Formulations/Compliance Catalyst↓ (OPPORTUNITY)◆
The correction of its EPS calculation method to comply with Ind AS 33, while a one-time accounting change, provides greater transparency and comparability, which could attract institutional investors.
- One Mobikwik Systems/Strategic Restructuring↓ (OPPORTUNITY)◆
The slump sale of its Lending Services Provider business to a wholly-owned subsidiary for ₹95.22 Crore is a strategic move to streamline operations and potentially unlock value. The variation in IPO proceeds utilization also provides flexibility.
- Unichem Laboratories/Asset Monetization↓ (OPPORTUNITY)◆
The company recorded a net gain of ₹275.52 Cr from the sale of land and building, which boosted cash and cash equivalents to ₹289.48 Cr from ₹89.58 Cr. This provides a strong liquidity buffer for future investments or debt reduction.
Sector Themes (6)
- Labour Code Impact (SECTOR THEME)◆
At least three companies (Cg-Vak Software, Syncom Formulations, Unichem Laboratories) recognized one-time exceptional charges due to the new Labour Codes effective November 21, 2025. This is a sector-wide headwind that will distort Q4 FY26 and FY26 earnings comparisons across industries.
- Revenue Growth vs. Margin Compression (SECTOR THEME)◆
Multiple companies (Faze Three, Add-Shop E-Retail, Shri Vasuprada Plantations) reported strong revenue growth but saw net profit decline or margins compress, indicating rising input costs, higher expenses, or pricing pressure. This suggests a challenging operating environment despite top-line expansion.
- Going Concern Warnings (SECTOR THEME)◆
Two companies (Next Mediaworks, Eurotex Industries) received audit qualifications related to going concern, highlighting a worrying trend of corporate distress in smaller, non-operational entities. This warrants increased scrutiny of companies with negative net worth or discontinued operations.
- Capital Allocation Divergence (SECTOR THEME)◆
While companies like Hindalco, Swelect Energy, and Engineers India recommended dividends, others like Remsons Industries recommended a minimal dividend (Re. 0.10) despite profit growth, and Modern Steels paid no dividend due to lack of operations. This divergence reflects varying financial health and management priorities.
- Sequential Weakness in Q4 (SECTOR THEME)◆
Several companies (Anand Rayons, Ascensive Educare, Vaibhav Global) reported strong annual results but showed sequential revenue or profit declines in Q4 FY26, suggesting a potential slowdown in the broader economy or seasonal headwinds in the final quarter.
- Governance & Board Changes (SECTOR THEME)◆
Multiple filings involved director appointments, resignations, and re-appointments (e.g., TNPL, Euro Panel Products, KD Leisures). While routine, the high volume of changes in a single day (May 22, 2026) suggests a period of active board restructuring, which could signal strategic shifts or compliance-driven changes.
Watch List (8)
- Next Mediaworks↓ (HIGH PRIORITY)👁
Zero revenue and non-going concern audit opinion. Watch for any announcement of a potential restructuring, sale, or delisting.
- Eurotex Industries↓ (HIGH PRIORITY)👁
Review petition planned against Supreme Court ruling on electricity duty. The outcome of this petition is critical for the company's survival.
- Engineers India↓ (HIGH PRIORITY)👁
HRRL change order claim and Angola receivable. Watch for any formal contract modification or recovery updates in the next quarterly filing.
- Modern Dairies↓ (HIGH PRIORITY)👁
Milk cess litigation with Haryana government. Any adverse ruling could crystallize a ₹544.31 Crore liability, severely impacting the balance sheet.
- Anand Rayons↓ (MODERATE PRIORITY)👁
Operating cash flow turned deeply negative. Watch Q1 FY27 results for signs of working capital normalization or further deterioration.
- Multiple Companies (May 27-29 Board Meetings) (MODERATE PRIORITY)👁
A cluster of board meetings (Laffans, Advance Lifestyles, Godavari Drugs, Glen Industries, Citadel Realty, Asian Hotels North, Hindprakash, Shangar Decor, HB Estate, Worldwide Aluminium, Monind, Naturewings, Aayush Wellness, SVP Global Textiles, Sab Events) will approve audited results. Watch for any negative surprises or guidance changes.
- Hindalco Industries↓ (MODERATE PRIORITY)👁
CBI chargesheet and court summons. The financial impact is currently not determinable, but any developments could create volatility.
- Vaibhav Global↓ (MODERATE PRIORITY)👁
UK segment loss in Q4. Watch for management commentary on the UK strategy and any turnaround plans in the upcoming AGM (August 4, 2026).
Filing Analyses
(50)
22-05-2026
KD Leisures Ltd held its 01st Extra-Ordinary General Meeting (EGM) for FY 2026-2027 on 22 May 2026 via video conferencing, where shareholders approved the change of company name from 'KD Leisures Limited' to 'Vedic Ayurveda Limited' and the alteration of the Object Clause of the Memorandum of Association. The meeting also regularized the appointments of three directors: Ms. Deepika Awasthi as Executive Director, Ms. Kanchan Yadav as Non-Executive Independent Director, and Ms. Anubha Kumari Sinha as Non-Executive Director. Only 17 out of 1,033 shareholders attended the meeting (all public, no promoters were present or had any shareholding), and the meeting concluded in about 24 minutes including e-voting time.
- · The EGM was held entirely through video conferencing/other audio-visual means with no physical venue; proxies were not required except for corporate shareholder representatives.
- · All five items of special business were transacted via remote e-voting (prior to EGM) and e-voting during the EGM.
- · The meeting started at 12:01 PM and officially ended at 12:10 PM (proceedings); the e-voting window remained open for 15 minutes post-conclusion, with the entire meeting concluding at 12:25 PM.
- · No promoter or promoter group shareholders attended; only 17 public shareholders were present.
- · Due to connectivity issues, speaker shareholders were asked to submit queries via email.
- · Voting results and the Scrutinizer's report were to be announced within 2 working days and displayed on the company website, NSDL, and stock exchanges.
22-05-2026
Cg-Vak Software & Exports Ltd. reported audited standalone financial results for the quarter and year ended March 31, 2026. For the full year, revenue from operations grew 7.6% to ₹5,809.63 Lakh and net profit increased 2.3% to ₹912.19 Lakh. However, the fourth quarter saw a net loss of ₹13.93 Lakh due to a one-time exceptional charge of ₹235.97 Lakh related to new labour codes, compared to a profit of ₹226.21 Lakh in Q4 FY25. The Board recommended a dividend of ₹1 per share (10% face value).
- · The exceptional item of ₹235.97 Lakh in Q4 FY26 is due to the impact of new Labour Codes notified on November 21, 2025, recognized as past service cost under Ind AS 19.
- · The Board meeting was held on May 22, 2026, from 11:00 AM to 2:45 PM.
- · The auditors issued an unmodified opinion on both standalone and consolidated financial results.
- · Total comprehensive income for FY26 was ₹968.78 Lakh, up from ₹860.66 Lakh in FY25.
- · Cash and cash equivalents increased to ₹437.40 Lakh as at March 31, 2026, from ₹302.11 Lakh a year earlier.
- · The company operates in a single segment: Information Technology Services.
- · No deviation or variation in proceeds from public/rights/preferential issues was reported (not applicable).
- · No outstanding default on loans or debt securities was disclosed.
22-05-2026
Anand Rayons Limited reported a strong financial performance for the year ended March 31, 2026, with revenue from operations increasing 38.0% YoY to ₹43,297.15 Lakh and net profit surging 131.9% YoY to ₹725.05 Lakh. However, the fourth quarter (Q4 FY26) saw a sequential decline in revenue of 6.8% compared to Q3 FY26, and the company's operating cash flow turned deeply negative at (₹1,128.06) Lakh for the year, compared to a positive ₹1,123.16 Lakh in the prior year.
- · The Board re-appointed M/s Sutarwala & Associates, Chartered Accountants, Surat as Internal Auditor of the Company for FY 2026-27.
- · The Statutory Auditors, M/s M. R. Bombaywala & Co., issued an unmodified (clean) audit opinion on the standalone financial results.
- · The company's total assets grew 54.8% YoY to ₹15,309.34 Lakh, driven by a significant increase in trade receivables (₹8,655.56 Lakh vs ₹4,900.03 Lakh) and cash equivalents.
- · Short-term borrowings increased sharply to ₹3,490.18 Lakh from ₹1,211.73 Lakh a year ago, contributing to the negative operating cash flow.
- · The company operates in a single reportable segment: Textile Business.
- · Basic earnings per share (EPS) for FY26 stood at ₹3.36, up from ₹1.89 in FY25.
- · The Board meeting commenced at 3:00 PM and concluded at 3:30 PM on May 22, 2026.
22-05-2026
Modern Dairies Ltd. reported audited financial results for Q4 FY26 and FY26, with total income for the quarter at ₹92,53.37 Lakh (₹92.53 Cr), down from ₹91,29.17 Lakh in the same quarter last year. For the full year, total income fell to ₹3,41,21.70 Lakh (₹341.22 Cr) from ₹3,48,91.40 Lakh in FY25, a decline of 2.2%. Profit after tax for the quarter was only ₹32.47 Lakh, a sharp drop from ₹17,85.73 Lakh in Q4 FY25, while full-year profit fell to ₹4,88.41 Lakh from ₹82,96.11 Lakh. However, the company strengthened its balance sheet by converting 28,00,000 share warrants into equity shares, raising ₹11,20.00 Lakh in securities premium, and total equity increased to ₹55,36.05 Lakh from ₹40,35.62 Lakh. The company continues to face a significant contingent liability of ₹544.31 Crore related to milk cess litigation with the Government of Haryana, for which a provision of ₹21.89 Crore has been made.
- · The company's revenue from operations for Q4 FY26 was ₹92,18.01 Lakh, compared to ₹91,06.18 Lakh in Q4 FY25.
- · Cost of materials consumed for FY26 was ₹2,74,47.11 Lakh, slightly down from ₹2,75,18.68 Lakh in FY25.
- · Finance costs for FY26 reduced to ₹1,11.64 Lakh from ₹1,82.90 Lakh in FY25, a decline of 39%.
- · Depreciation/amortization for FY26 was ₹3,26.23 Lakh, up from ₹3,15.11 Lakh in FY25.
- · Other expenses for FY26 increased to ₹43,16.96 Lakh from ₹42,65.38 Lakh in FY25.
- · The company reported exceptional items income of ₹56,31.82 Lakh in FY25, but none in FY26.
- · Deferred tax asset decreased to ₹15,38.22 Lakh as on 31 Mar 2026 from ₹17,23.31 Lakh a year ago.
- · Inventories increased to ₹31,86.11 Lakh from ₹27,33.17 Lakh as on 31 Mar 2025.
- · Trade receivables rose to ₹24,02.88 Lakh from ₹20,51.79 Lakh.
- · Cash and cash equivalents increased to ₹10,28.88 Lakh from ₹8,57.90 Lakh.
- · Long-term borrowings stood at ₹7,18.00 Lakh as on 31 Mar 2026, slightly down from ₹7,25.48 Lakh.
- · Short-term borrowings were ₹4,38.56 Lakh as on 31 Mar 2026, compared to nil a year ago.
- · Trade payables (other than MSME) increased to ₹41,40.75 Lakh from ₹40,64.06 Lakh.
- · Other current liabilities decreased sharply to ₹6,54.63 Lakh from ₹11,76.43 Lakh.
- · Basic EPS for Q4 FY26 was ₹0.11, down from ₹6.87 in Q4 FY25; for FY26 it was ₹1.89 vs ₹35.46 in FY25.
- · The company's statutory auditors, APT and Co LLP, issued an unmodified opinion on the financial results.
- · The Board meeting started at 3:00 PM IST and concluded at 4:15 PM IST on 22 May 2026.
22-05-2026
Add-Shop E-Retail Limited reported audited standalone financial results for Q4 FY26 and FY26. Revenue for the quarter ended March 31, 2026 was ₹5,699.13 Lakhs, up 14.6% YoY from ₹4,973.40 Lakhs in Q4 FY25, while net profit was ₹36.06 Lakhs, nearly flat compared to ₹36.18 Lakhs in the same quarter last year. For the full year FY26, revenue grew marginally by 0.05% to ₹15,520.40 Lakhs from ₹15,512.95 Lakhs in FY25, but net profit declined sharply by 68.2% to ₹105.40 Lakhs from ₹331.79 Lakhs in FY25, impacted by higher other expenses and lower margins. The Board also appointed M/s. Princy Mehta & Associates as Internal Auditor for FY26-27.
- · The company operates six segments: Ayurvadic Product, Animal Food Products, Sanitory Pad, Agriculture Product, Books and Others, and Unallocable.
- · Animal Food segment contributed the largest revenue in FY26 at ₹11,534.28 Lakhs (FY25: ₹11,473.44 Lakhs), but its segment result declined sharply to ₹1,075.71 Lakhs from ₹5,076.04 Lakhs in FY25.
- · Ayurvadic Product segment revenue grew 14.2% YoY to ₹2,437.04 Lakhs in FY26, and its segment result turned positive to ₹1,628.25 Lakhs from a loss of ₹2,982.22 Lakhs in FY25.
- · Agriculture Product segment revenue increased 9.6% YoY to ₹1,514.37 Lakhs in FY26, but segment result declined to ₹1,025.09 Lakhs from ₹1,072.12 Lakhs.
- · Sanitory Pad segment revenue fell to ₹2.17 Lakhs in FY26 from ₹8.12 Lakhs in FY25, though segment result improved to ₹6.84 Lakhs from ₹1.74 Lakhs.
- · Books and Others segment revenue dropped sharply to ₹23.19 Lakhs in FY26 from ₹521.31 Lakhs in FY25, and segment result fell to ₹14.09 Lakhs from ₹504.54 Lakhs.
- · Total expenses for FY26 increased 2.0% to ₹15,368.74 Lakhs from ₹15,061.07 Lakhs in FY25, driven by a 19.4% rise in other expenses to ₹3,422.96 Lakhs.
- · Earnings per share (basic and diluted) for FY26 was ₹0.37, down from ₹1.17 in FY25.
- · Cash and cash equivalents declined to ₹18.99 Lakhs as on March 31, 2026 from ₹38.79 Lakhs a year earlier.
- · Trade receivables increased to ₹11,218.99 Lakhs as on March 31, 2026 from ₹9,610.97 Lakhs as on March 31, 2025.
- · Short-term borrowings decreased to ₹1,124.61 Lakhs from ₹3,760.87 Lakhs as on March 31, 2025.
- · The auditor's report notes that the company initiated barter activity with some customers during the year.
22-05-2026
Shri Vasuprada Plantations Ltd. (formerly Joonktollee Tea & Industries Ltd.) reported its audited standalone financial results for the quarter and year ended March 31, 2026. For the full fiscal year, the company recorded a net loss of ₹699.03 Lakhs, a sharp reversal from a net profit of ₹568.66 Lakhs in the prior year, primarily due to exceptional items. While total income increased 8% YoY to ₹13,620.28 Lakhs, total expenses grew at a faster pace of 10.9% to ₹14,352.74 Lakhs, and the company reported an exceptional loss of ₹962.60 Lakhs in the previous year versus none in the current year.
- · Exceptional items: ₹0 Lakhs in FY26 vs ₹962.60 Lakhs (loss) in FY25 – the absence of exceptional items in FY26 did not prevent a net loss.
- · Employee benefits expense for FY26 was ₹6,906.11 Lakhs, up 2.4% from ₹6,743.18 Lakhs.
- · Finance costs for FY26 were ₹608.41 Lakhs, up 7.7% from ₹564.92 Lakhs.
- · Cash & cash equivalents as at March 31, 2026 stood at ₹26.30 Lakhs, down 66.7% from ₹78.91 Lakhs a year earlier.
- · Trade receivables dropped sharply to ₹27.25 Lakhs from ₹470.17 Lakhs, a 94.2% decline.
- · Other equity declined to ₹11,806.11 Lakhs from ₹12,495.27 Lakhs (5.5% decrease).
- · The auditors issued an unmodified (clean) opinion on the standalone financial results.
- · The Board meeting started at 12:15 PM and concluded at 5:15 PM on May 22, 2026.
22-05-2026
Hindalco Industries Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. A final dividend of ₹5 per equity share was recommended, subject to shareholder approval at the 67th AGM scheduled for July 23, 2026. The auditor's report includes an emphasis of matter regarding a CBI chargesheet and court summons, the financial impact of which is currently not determinable.
- · Audit reports issued with unmodified opinion for both standalone and consolidated financial results.
- · Record date for final dividend payment is Friday, July 10, 2026.
- · 67th Annual General Meeting to be held on Thursday, July 23, 2026 via Video Conferencing.
- · Trading window for dealing in company securities will remain closed until 48 hours from the announcement.
- · Auditor's emphasis of matter: CBI chargesheet filed and court summons issued; possible financial impact currently not determinable.
- · One joint operation reported total assets of ₹1 crore, net assets of ₹1 crore, total revenues of ₹Nil, net loss after tax of ₹(1) crore, and total comprehensive income of ₹(1) crore for the year ended March 31, 2026.
22-05-2026
Eurotex Industries and Exports Ltd reported its audited financial results for the quarter and year ended March 31, 2026, as approved by the Board on May 22, 2026. The auditor's report includes an Emphasis of Matter regarding a ₹305.54 lakhs electricity duty liability following an adverse Supreme Court order, which the company plans to challenge, and a Material Uncertainty related to Going Concern due to accumulated losses, negative net worth, and discontinued Kolhapur operations since March 2019. The net loss position continues, and a review petition is planned against the Supreme Court ruling on electricity duty.
- · Manufacturing plants at Kolhapur discontinued since March 25, 2019; closure announced on March 30, 2022.
- · Company has incurred cash loss during current year and prior periods/years, with entire net worth eroded.
- · Supreme Court on March 25, 2026 decided against the company on electricity duty of ₹305.54 lakhs for earlier years; company expects favorable decision on review petition and has not recognized any liability for duty/interest/penalty.
- · Lender bank dues have been settled by borrowing from promoter group companies.
- · Board meeting commenced at 3:00 PM and concluded at 3:40 PM on May 22, 2026.
22-05-2026
Syncom Formulations (India) Limited reported strong annual results for FY26, with standalone revenue from operations increasing 5.1% YoY to ₹48,657.28 Lakhs and net profit surging 55.5% to ₹7,600.80 Lakhs. However, the Pharmaceuticals segment revenue declined 3.2% in Q4 FY26 compared to Q4 FY25, and the Trading of Commodities segment remained loss-making for the year.
- · Audit report has an unmodified opinion with no qualifications.
- · The company corrected its EPS calculation method to comply with Ind AS 33; previously EPS was based on Total Comprehensive Income, now based on Profit After Tax. Comparative EPS for all prior periods has been restated.
- · The Government of India's four new Labour Codes became effective from November 21, 2025; the company recognized an incremental cost of ₹87.81 Lakhs during FY26.
- · Total Comprehensive Income for FY26 was ₹7,240.07 Lakhs, up from ₹5,345.20 Lakhs in FY25.
- · Cash flow from operations improved to ₹5,829.20 Lakhs in FY26 from ₹2,331.33 Lakhs in FY25.
- · Total assets increased to ₹52,926.06 Lakhs as at March 31, 2026 from ₹40,968.66 Lakhs a year earlier.
- · Trade payables (excluding micro/small enterprises) surged to ₹6,843.68 Lakhs from ₹2,126.73 Lakhs.
- · Borrowings (current) decreased sharply to ₹68.13 Lakhs from ₹404.32 Lakhs.
- · The board meeting commenced at 3:00 PM and concluded at 6:15 PM on May 22, 2026.
22-05-2026
Ascensive Educare Limited reported audited standalone financial results for the half year and year ended March 31, 2026. Full-year revenue from operations grew 66.1% YoY to ₹5,869.21 Lakhs, while net profit increased 30.8% to ₹341.24 Lakhs. However, the second half (H2 FY26) saw a sharp decline: profit before tax fell 46.1% to ₹163.50 Lakhs from ₹303.32 Lakhs in H1 FY26, and revenue dropped 5.5% sequentially, indicating a significant slowdown in the latter part of the year.
- · The Board meeting commenced at 3:00 PM and concluded at 5:30 PM on May 22, 2026.
- · The auditor issued an unmodified (clean) opinion on the financial results.
- · The trading window was closed from April 1, 2026 and will remain closed until 48 hours after the results declaration.
- · Exceptional items of ₹14.54 Lakhs were recorded in H2 FY26 (none in H1 FY26 or FY25).
- · Finance costs more than doubled YoY to ₹139.83 Lakhs (FY25: ₹59.20 Lakhs).
- · Other expenses surged 70.7% YoY to ₹4,828.56 Lakhs (FY25: ₹2,828.98 Lakhs).
- · Trade receivables remained high at ₹2,098.05 Lakhs as at March 31, 2026 (March 31, 2025: ₹2,156.80 Lakhs).
- · Cash and bank balances increased dramatically to ₹715.38 Lakhs from ₹67.42 Lakhs a year ago.
- · Total equity (share capital + reserves) grew 21.9% to ₹1,898.86 Lakhs (March 31, 2025: ₹1,557.63 Lakhs).
- · Short-term borrowings stood at ₹662.47 Lakhs (March 31, 2025: ₹688.43 Lakhs).
22-05-2026
TNPL announced the appointment of Thiru Kumar Jayant, I.A.S. (Additional Chief Secretary to Government) as Chairman and Managing Director effective May 1, 2026, and Dr S Vijayakumar, I.A.S. (Additional Chief Secretary to Government, Industries) as a Director effective May 20, 2026, replacing Dr Sandeep Saxena and Thiru V Arun Roy respectively. The board also approved a postal ballot notice to seek shareholder approval for these appointments. No financial figures or period-over-period comparisons were included in this governance filing.
- · Board meeting held on May 22, 2026 commenced at 12:00 noon and concluded at 5:30 PM.
- · Cut-off date for postal ballot voting is Friday, May 22, 2026.
- · Thiru Kumar Jayant is a 1992 batch IAS officer with a B.Tech degree; Dr S Vijayakumar is a 1993 batch IAS officer with a Ph.D. and two Master's degrees.
- · Both appointees hold no shares in TNPL and have no inter se relationship with other directors.
- · Both appointees are not debarred or disqualified from holding director positions as per SEBI and Companies Act requirements.
- · Dr S Vijayakumar has 33 years of service in various key positions of Government of Tamil Nadu.
22-05-2026
Elegant Floriculture & Agrotech (India) Limited reported audited standalone financial results for the quarter and year ended March 31, 2026. For the full year, revenue from operations surged to ₹16,003.19 Lakh from ₹128.93 Lakh in FY25, while profit before tax increased to ₹284.34 Lakh from ₹146.40 Lakh. However, the company posted a net loss of ₹7.21 Lakh for the quarter ended March 31, 2026, compared to a profit of ₹0.53 Lakh in the same quarter last year, and total comprehensive income for the year was ₹213.98 Lakh versus ₹115.92 Lakh in FY25.
- · The company operates in a single segment: trading activities.
- · No subsidiaries, joint ventures, or associate companies as of March 31, 2026.
- · Auditor's report is unmodified/unqualified.
- · Trade receivables surged from ₹20.79 Lakh to ₹16,026.42 Lakh, while trade payables increased from ₹18.07 Lakh to ₹15,482.14 Lakh.
- · Current borrowings stood at ₹778.55 Lakh as of March 31, 2026 (none in prior year).
- · Cash and cash equivalents increased to ₹3.73 Lakh from ₹6.26 Lakh at year-end.
- · Earnings per share (basic) for FY26: ₹1.09 (vs ₹0.58 in FY25); for Q4 FY26: (₹0.02) (vs ₹0.06 in Q4 FY25).
22-05-2026
Faze Three Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations grew 19.8% YoY to ₹238.27 Cr in Q4 and 30.5% YoY to ₹860.11 Cr for the full year. However, net profit declined 15.5% YoY to ₹14.36 Cr in Q4 and 29.6% YoY to ₹28.05 Cr for FY26, impacted by higher expenses and lower other income.
- · Auditor's report is unmodified (clean opinion).
- · Board meeting commenced at 5:00 PM IST and concluded at 6:15 PM IST on May 22, 2026.
- · Total assets increased to ₹784.63 Cr as at March 31, 2026 from ₹667.89 Cr a year ago.
- · Other equity (excluding revaluation reserve) stood at ₹367.02 Cr as at March 31, 2026.
- · Finance costs rose to ₹5.21 Cr in Q4 FY26 (vs ₹3.87 Cr in Q4 FY25) and ₹18.08 Cr for FY26 (vs ₹14.27 Cr in FY25).
- · Depreciation and amortisation increased to ₹7.36 Cr in Q4 FY26 (vs ₹6.50 Cr in Q4 FY25) and ₹28.62 Cr for FY26 (vs ₹24.03 Cr in FY25).
- · Cost of materials consumed was ₹100.99 Cr in Q4 FY26 (vs ₹97.70 Cr in Q4 FY25) and ₹438.60 Cr for FY26 (vs ₹351.82 Cr in FY25).
- · Employee benefits expense was ₹29.51 Cr in Q4 FY26 (vs ₹29.27 Cr in Q4 FY25) and ₹120.82 Cr for FY26 (vs ₹102.12 Cr in FY25).
- · Other expenses were ₹47.21 Cr in Q4 FY26 (vs ₹48.16 Cr in Q4 FY25) and ₹214.16 Cr for FY26 (vs ₹158.49 Cr in FY25).
- · Current tax expense decreased to ₹1.65 Cr in Q4 FY26 (vs ₹3.09 Cr in Q4 FY25) and ₹5.33 Cr for FY26 (vs ₹9.87 Cr in FY25).
- · Deferred tax expense was ₹0.95 Cr in Q4 FY26 (vs ₹0.53 Cr in Q4 FY25) and ₹1.98 Cr for FY26 (vs ₹1.72 Cr in FY25).
- · Other comprehensive income was nil for Q4 FY26 (vs ₹0.28 Cr in Q4 FY25) and negative ₹0.41 Cr for FY26 (vs negative ₹0.28 Cr in FY25).
- · Total comprehensive income was ₹14.36 Cr in Q4 FY26 (vs ₹17.27 Cr in Q4 FY25) and ₹27.64 Cr for FY26 (vs ₹39.55 Cr in FY25).
- · Non-current borrowings stood at ₹33.33 Cr as at March 31, 2026 (nil a year ago).
- · Property, plant and equipment increased to ₹321.95 Cr from ₹269.58 Cr.
- · Capital work-in-progress increased to ₹12.43 Cr from ₹7.48 Cr.
- · Trade receivables increased to ₹98.44 Cr from ₹80.83 Cr.
- · Inventories decreased to ₹166.71 Cr from ₹185.95 Cr.
22-05-2026
Alphalogic Techsys Limited reported consolidated revenue of ₹5,054.82 Lakhs for FY2026, down 35.2% from ₹7,796.34 Lakhs in FY2025. However, net profit attributable to controlling interest rose to ₹498.91 Lakhs from ₹485.84 Lakhs, a 2.7% increase. The Board approved audited financial results with an unmodified audit opinion.
- · The Board meeting commenced at 05:45 PM and concluded at 07:15 PM on May 22, 2026.
- · The Audit Committee recommended the financial results before Board approval.
- · The statutory auditors issued an unmodified opinion on both standalone and consolidated financial results.
- · The trading window was closed from April 1, 2026, and will remain closed until 48 hours after the board meeting declaration.
- · Segment-wise, Manufacturing of Racks contributed the highest revenue at ₹4,507.64 Lakhs in FY2026, down from ₹6,236.82 Lakhs in FY2025.
- · The Biofuels segment reported a segment loss of ₹12.60 Lakhs in FY2026 versus a profit of ₹8.64 Lakhs in FY2025.
- · Total borrowings (non-current and current) increased significantly to ₹4,499.44 Lakhs as at March 31, 2026 from ₹84.02 Lakhs as at March 31, 2025.
- · A preferential issue of 18,00,000 convertible warrants at ₹28 per warrant was made by the subsidiary Alphalogic Industries Limited.
22-05-2026
Euro Panel Products Limited reported strong annual results for FY26 with revenue growing 19.1% to ₹50,393.24 Lakhs (₹503.93 Cr) and net profit surging 47.6% to ₹2,719.72 Lakhs (₹27.20 Cr). However, on a quarterly sequential basis, revenue rose 10.0% while profit jumped 45.7% in Q4 FY26. The board also approved the re-appointment of key directors, a new subsidiary incorporation, and accepted the resignation of an independent director.
- · The company incorporated a new subsidiary, Euro Sealant Private Limited, with 51% stake on April 28, 2026, located in Chennai, Tamil Nadu.
- · Resignation of Independent Director Ms. Daisy Dsouza was accepted by the board.
- · Re-appointment of M/s. Vipul M. Shah & Associates as Internal Auditor and M/s. Ritesh Jayswal & Associates as Cost Auditor for FY27.
- · EPS (Basic) improved to ₹11.10 for FY26 from ₹7.52 for FY25, a growth of 47.6%.
- · Operating margins improved as cost of materials consumed as a % of revenue declined to 73.9% in FY26 vs 70.2% in FY25 (based on reported figures).
- · Finance costs rose to ₹1,210.60 Lakhs in FY26 from ₹1,132.91 Lakhs in FY25, an increase of 6.9%.
- · The company's audit received an unmodified opinion.
21-05-2026
Engineers India Limited reported audited standalone and consolidated financial results for FY2025-26 and Q4 FY2025-26, with the Board recommending a final dividend of ₹2.50 per share (face value ₹5 each). The auditor's report highlights significant uncertainties: a ₹86.33 crore revenue recognized on an unapproved change order claim from HRRL, a ₹42.38 crore trade receivable from an Angolan client reclassified as doubtful with full expected credit loss provision, and ongoing litigation involving a contractor's claim of ₹40960.75 Lakh and a counterclaim of ₹12907.15 Lakh. While the audit opinion is unmodified, these matters indicate material risks to revenue realization and asset quality.
- · The Board meeting commenced at 05:30 PM and concluded at 10:00 PM on 21st May 2026.
- · The final dividend of ₹2.50 per share is subject to shareholder approval at the ensuing Annual General Meeting.
- · The auditor's report includes an Emphasis of Matter paragraph regarding the HRRL change order claim: the client has agreed in-principle but no formal contract modification has been received, and prior period claims also remain unapproved, increasing uncertainty.
- · The Angola trade receivable (₹42.38 crore) was reclassified from 'considered good' to 'doubtful' during the year, with an equivalent expected credit loss allowance created by offsetting the corresponding contract liability.
- · The CAG had previously highlighted that trade receivables outstanding for more than three years should be 100% provisioned under Ind AS 109, and that revenue recognition for the Angola case may be required under Ind AS 115.
- · The auditor's Key Audit Matters include revenue recognition from construction contracts and contingent liabilities related to commercial claims and tax/legal disputes.
22-05-2026
U. H. Zaveri Limited has informed the stock exchange that a Board meeting is scheduled for May 29, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The trading window has been closed since April 1, 2026, and will reopen 48 hours after the results are declared.
- · Board meeting date: May 29, 2026
- · Trading window closed from April 1, 2026
- · Trading window will open 48 hours after results declaration
- · Results to be considered: Audited Standalone Financial Results for Q4 and FY ended March 31, 2026
22-05-2026
Jagan Lamps Ltd. has informed BSE that its Board of Directors will meet on May 30, 2026, to consider and approve the audited standalone financial results for the quarter ended March 31, 2026. The trading window for insiders has been closed and will reopen 48 hours after the results are declared.
- · Board meeting scheduled for Saturday, 30th May 2026.
- · Agenda includes audited standalone financial results for the quarter ended March 31, 2026, and any other matters with the Chairman's permission.
- · Trading window closed for Directors, Promoters, Designated/Connected Persons and their immediate relatives; will reopen 48 hours after results declaration.
- · Intimation will be uploaded on the company's website www.jaganlamps.com.
22-05-2026
Prabha Energy Limited reported audited standalone financial results for Q4 FY26 and FY26, showing a net profit of ₹9.55 lakh for the quarter (vs. loss of ₹78.94 lakh in Q4 FY25) and full-year net profit of ₹47.32 lakh (vs. loss of ₹156.48 lakh in FY25). Revenue from operations grew 256% YoY to ₹144.38 lakh in Q4 and 183% YoY to ₹447.12 lakh for the full year. However, the company sold its 70% stake in Deep Natural Resources Limited during the year, and capital work in progress increased significantly to ₹29,881.18 lakh, indicating ongoing investment in projects.
- · The company sold its 70% stake (3,50,000 equity shares) in Deep Natural Resources Limited at a premium of ₹31.25 per share during FY26, resulting in loss of control.
- · Capital work in progress increased from ₹25,307.78 lakh (Mar 2025) to ₹29,881.18 lakh (Mar 2026), indicating ongoing expansion.
- · Intangible assets remained nearly flat at ₹31,871.58 lakh vs ₹31,873.xx lakh in prior year.
- · Other equity decreased slightly from ₹42,320.86 lakh (Mar 2025) to ₹42,081.05 lakh (Mar 2026).
- · M/s Manubhai & Shah LLP was re-appointed as Internal Auditor for FY26-27.
- · The auditors issued an unmodified opinion on the standalone financial results.
22-05-2026
Modern Steels Limited reported audited financial results for Q4 and FY ended March 31, 2026. The company posted a net profit of ₹66 Lakh for Q4 FY26, a significant increase from ₹10 Lakh in Q3 FY25, but a sharp decline from ₹453 Lakh in Q4 FY25. For the full year, net profit fell 76% to ₹106 Lakh from ₹444 Lakh in FY25, as the company has no manufacturing operations and relies on commission income. The statutory auditors issued an unmodified opinion on the financial statements.
- · The company has no manufacturing operations; all assets were sold via slump sale at Mandi Gobindgarh (Punjab).
- · Financial statements prepared on a going concern basis based on management's future plans to start commercial activity.
- · Deferred tax asset on carry forward losses and unabsorbed depreciation not recognized due to lack of virtual certainty of future taxable income.
- · Cash and cash equivalents stood at ₹6 Lakh as at March 31, 2026, up from ₹5 Lakh a year ago.
- · Trade receivables increased to ₹33 Lakh from ₹32 Lakh; loans (current assets) rose to ₹503 Lakh from ₹368 Lakh.
- · Other financial liabilities (current) dropped sharply to ₹7 Lakh from ₹70 Lakh year-on-year.
- · Auditors issued an unmodified opinion on the financial results.
22-05-2026
One Mobikwik Systems Limited's board approved three key items: (1) amendment of MOA to include payment aggregator activities for RBI authorization; (2) slump sale of its Lending Services Provider (LSP) business to wholly-owned subsidiary MobiKwik Distribution Services Private Limited (MDSPL) for consideration in non-convertible debentures based on book value (INR 952.21 million as of March 31, 2026); (3) variation in IPO proceeds utilization and extension of time limits. The LSP business contributed 22.70% of FY2025-26 revenue (INR 2,613.75 million) and 16.94% of net worth. The transaction is a related party transaction at arm's length, expected to complete by end of Q2 FY2026-27, subject to shareholder approval.
- · Board meeting commenced at 11:30 AM and concluded at 01:40 PM on May 22, 2026.
- · The slump sale consideration will be discharged by issuance of Non-Convertible Debentures by MDSPL to the Company.
- · The appointed date for the transfer will be determined by the Board.
- · The transaction is part of a pre-condition for obtaining NBFC COR for Mobikwik Financial Services Private Limited.
- · No change in shareholding pattern of the listed entity post slump sale.
- · The variation in IPO proceeds utilization and extension of time limits will be disclosed via postal ballot notice.
22-05-2026
HB Stockholdings Limited reported a standalone net loss of ₹992.49 Lakhs for the quarter ended March 31, 2026, compared to a net loss of ₹712.93 Lakhs in the same quarter last year, reflecting a worsening loss. For the full fiscal year 2026, the net loss narrowed to ₹1,079.34 Lakhs from ₹1,198.70 Lakhs in FY25, an improvement of 9.96%. The Board also approved the re-appointment of M/s. Marv & Associates LLP as Internal Auditor for FY 2026-27.
- · Auditor's report received an unmodified opinion for FY26.
- · Net Loss on fair value change for FY26 was ₹857.13 Lakhs vs ₹236.79 Lakhs in FY25, a significant increase.
- · Finance costs rose to ₹131.47 Lakhs in FY26 from ₹60.11 Lakhs in FY25, an increase of 118.7%.
- · Employee benefit expenses increased to ₹317.38 Lakhs in FY26 from ₹288.79 Lakhs in FY25.
- · Cash and cash equivalents dropped sharply to ₹121.55 Lakhs as at March 31, 2026 from ₹781.28 Lakhs a year earlier.
- · Deferred tax assets turned positive at ₹52.67 Lakhs as at March 31, 2026 vs nil in the prior year.
- · Basic EPS for Q4 FY26 was (₹13.90) vs (₹9.99) in Q4 FY25; for FY26 it was (₹15.12) vs (₹16.79) in FY25.
22-05-2026
Unichem Laboratories reported a 4.3% increase in full-year revenue to ₹2,201.85 Cr for FY26, but net profit declined 8.1% to ₹252.84 Cr from ₹137.52 Cr in FY25, impacted by exceptional items including a ₹58.26 Cr interest on an EU fine and a ₹15.40 Cr charge from new labour codes. The Board approved the redesignation and reappointment of Mr. Pabitrakumar Bhattacharyya as Managing Director & CEO for three more years, and reappointed auditors. Cash and cash equivalents surged to ₹289.48 Cr from ₹89.58 Cr, driven by proceeds from sale of property, plant and equipment.
- · Exceptional items in FY26 included a net gain of ₹275.52 Cr from sale of land & building (erstwhile registered office) in Q3 FY26, and a ₹58.26 Cr interest on European Commission fine.
- · The company fully settled a European Commission fine of Euro 19.55 million on 28 October 2025.
- · Deferred tax liability (net) of ₹39.88 Cr was recorded as at 31 March 2026, compared to nil deferred tax liability in the prior year.
- · Trade receivables increased to ₹828.58 Cr from ₹778.81 Cr, while inventories decreased slightly to ₹974.97 Cr from ₹988.74 Cr.
- · Total borrowings (non-current + current) increased to ₹468.78 Cr from ₹429.97 Cr.
- · The Board reappointed M/s. Kishore Bhatia & Associates as Cost Auditors and M/s. Ram Agarwal & Associates as Internal Auditor for FY 2026-27.
- · The company has a single reportable segment: Pharmaceuticals.
22-05-2026
The Board of Directors of Industrial & Prudential Investment Co. Ltd. approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a dividend of ₹120 per share (1200% on face value of ₹10) for FY2026, subject to shareholder approval. Additionally, the Board approved the continuation of Mr. Gaurav Swarup as Chairman & Managing Director beyond age 70 (he turns 70 on November 21, 2026) during his current term ending January 31, 2027, and appointed Mrs. Sanjukta Majumdar as Internal Auditor for FY2026-27.
- · The Board meeting commenced at 05:30 PM IST and concluded at 07:00 PM IST on May 22, 2026.
- · Mr. Gaurav Swarup holds a degree in Mechanical Engineering from Jadavpur University and an MBA from Harvard Business School.
- · Mr. Gaurav Swarup has been associated with the Company since 1990.
- · The continuation of Mr. Gaurav Swarup beyond age 70 requires shareholder approval by special resolution under Section 196(3)(a) of the Companies Act, 2013 and Regulation 17(1D) of SEBI LODR.
- · The dividend recommendation of ₹120 per share (1200%) is subject to shareholder approval at the ensuing Annual General Meeting.
- · The statutory auditors, M/s S Jaykishan, issued an unmodified (clean) audit opinion on the financial results.
22-05-2026
Engineers India Limited's Board approved audited standalone and consolidated financial results for FY2025-26 and recommended a final dividend of ₹2.50 per share. The auditor's report highlights significant uncertainties: ₹86.33 crore of revenue recognized on an unapproved change order claim from HRRL, a ₹42.38 crore trade receivable from an Angolan client reclassified as doubtful, and ongoing litigation involving contractor claims of ₹40960.75 Lakh and counterclaims of ₹12907.15 Lakh. While the company reported an unmodified audit opinion, these matters indicate material risks to revenue realization and asset quality.
- · The Board meeting commenced at 05:30 PM and concluded at 10:00 PM on 21st May 2026.
- · The auditor's report includes an Emphasis of Matter regarding the HRRL change order claim: the client has agreed in-principle but no formal contract modification has been received, and prior period claims also remain unapproved.
- · The Angola trade receivable (₹42.38 crore) was reclassified from 'considered good' to 'doubtful' during the year, with an allowance for expected credit losses created by offsetting the corresponding contract liability.
- · CAG had previously highlighted that trade receivables outstanding for more than three years should be 100% provisioned per Ind AS 109, and that revenue recognition on the Angola invoice may be required under Ind AS 115.
- · The auditor's opinion is unmodified despite these matters.
22-05-2026
VL E-Governance & IT Solutions Limited reported a net loss of ₹113.07 Lakhs for the year ended March 31, 2026, compared to a net loss of ₹2,51,703.25 Lakhs in the prior year, which included a massive exceptional item of ₹2,51,841.28 Lakhs. Revenue from operations declined sharply by 44.1% to ₹1,715.43 Lakhs from ₹3,068.86 Lakhs in FY25, while total expenses also fell by 39.5% to ₹1,876.25 Lakhs. The company's other equity remained negative at ₹(6,388.52) Lakhs, worsening from ₹(6,275.48) Lakhs in the prior year.
- · The statutory auditors (BKG Associates) issued an unmodified (clean) audit opinion on the standalone financial results.
- · The company's total assets decreased to ₹4,719.82 Lakhs as of March 31, 2026, from ₹4,848.32 Lakhs as of March 31, 2025.
- · Total equity decreased to ₹4,456.61 Lakhs from ₹4,569.66 Lakhs, driven by the widening negative other equity.
- · The company reported zero finance costs for both the current and prior year periods.
- · The company's business falls within a single operating segment: 'E-Governance & IT/ITES Business (B2B)'.
- · The Q4 FY26 net loss of ₹58.73 Lakhs was an improvement from the Q4 FY25 net loss of ₹2,51,940.04 Lakhs, which included the exceptional item.
22-05-2026
SWELECT Energy Systems Ltd. (formerly SWELECT Systems Ltd.) held a Board Meeting on May 21, 2026, approving unaudited standalone and consolidated financial results for Q4 FY26 and audited results for FY26, with an unmodified audit opinion from Deloitte Haskins & Sells LLP. The Board recommended a final dividend of ₹3.50 per equity share (face value ₹10) for FY26, subject to shareholder approval at the AGM scheduled for July 31, 2026. The meeting also approved the appointment of a new internal auditor (M/s. S K Ram Associates) and cost auditor (M/s. Ravichandran Bhagyalakshmi & Associates) for FY27.
- · Statutory Auditors (Deloitte Haskins & Sells LLP) issued an unmodified opinion on audited standalone and consolidated financial results for the year ended March 31, 2026.
- · Board appointed M/s. S K Ram Associates as Internal Auditor for FY 2026-2027.
- · Board appointed M/s. Ravichandran Bhagyalakshmi & Associates as Cost Auditor for FY 2026-2027 (remuneration subject to shareholder ratification).
- · 31st Annual General Meeting scheduled for July 31, 2026 via Video Conferencing/Other Audio-Visual Means.
- · Record date for AGM and dividend eligibility is July 24, 2026; register of members closed from July 25 to July 31, 2026.
- · Dividend payment (if approved) will be made/credited on August 13, 2026.
- · The Board also approved the standalone and consolidated Financial Statements, Board's Report, and Report on Corporate Governance for FY 2025-26.
22-05-2026
SWELECT Energy Systems Limited's Board approved audited standalone and consolidated financial results for the year ended March 31, 2026, with an unmodified audit opinion from Deloitte Haskins & Sells LLP. The Board recommended a final dividend of ₹3.50 per equity share (face value ₹10) for FY2025-26, subject to shareholder approval at the 31st AGM scheduled for July 31, 2026. Additionally, the Board appointed new internal and cost auditors for FY2026-27, while no specific financial performance figures (revenue, profit, or segment data) were disclosed in this filing, limiting the ability to assess period-over-period trends.
- · The Board approved unaudited standalone and consolidated financial results for Q4 FY2026 and audited results for FY2025-26.
- · Statutory auditors (Deloitte Haskins & Sells LLP) issued an unmodified opinion on the audited standalone and consolidated financial results for the year ended March 31, 2026.
- · The 31st Annual General Meeting (AGM) is scheduled for July 31, 2026, via video conferencing.
- · Record date for AGM and dividend entitlement is July 24, 2026; register of members will be closed from July 25 to July 31, 2026.
- · Dividend payment date (if approved) is August 13, 2026.
- · M/s. S K Ram Associates appointed as Internal Auditor for FY2026-27.
- · M/s. Ravichandran Bhagyalakshmi & Associates appointed as Cost Auditor for FY2026-27 (remuneration subject to shareholder ratification).
- · The Board also approved the Board's Report, Report on Corporate Governance, and took on record the Certificate on Corporate Governance and Secretarial Audit Report for FY2025-26.
- · No financial performance figures (revenue, profit, segment data) were disclosed in this filing.
22-05-2026
HB Estate Developers Ltd. has scheduled a Board Meeting on May 29, 2026 to consider and approve the audited financial results for Q4 and FY ended March 31, 2026. The trading window for designated persons remains closed until May 31, 2026.
- · Board meeting date: May 29, 2026
- · Trading window closure period: until May 31, 2026
- · Results to be considered: Audited Financial Results (Standalone & Consolidated) for Q4 and FY ended March 31, 2026
22-05-2026
Worldwide Aluminium Limited has informed BSE that a Board Meeting will be held on May 29, 2026 to consider and approve the audited financial statements for Q4 and FY ended March 31, 2026. No financial figures or comparisons are provided in this filing.
- · Board meeting scheduled for May 29, 2026
- · Agenda includes approval of audited financial statements for Q4 and FY ended March 31, 2026
22-05-2026
Vaibhav Global Limited reported a strong annual performance for FY26 with consolidated revenue from operations increasing 9.2% YoY to ₹3,69,178.57 lakh and net profit surging 73.7% to ₹26,612.91 lakh. However, Q4 FY26 revenue of ₹93,470.74 lakh declined 12.3% sequentially from Q3 FY26's ₹1,06,602.51 lakh, and the UK segment posted a segment loss of ₹2,256.16 lakh in Q4. The Board recommended a final dividend of ₹1.50 per equity share and approved the audited financial results.
- · The Board meeting commenced on 21 May 2026 at 06:00 PM IST and concluded on 22 May 2026 at 1:30 AM IST.
- · The 37th Annual General Meeting is scheduled for Tuesday, 4 August 2026.
- · Final dividend of ₹1.50 per equity share (face value ₹2) recommended, subject to shareholder approval.
- · Exceptional items in Q4 FY26 include a gain of ₹2,969.08 lakh in the US segment, an impairment of goodwill of ₹2,501.55 lakh in the UK segment, and an impairment of loan of ₹450.00 lakh in India.
- · The company transitioned to the new tax regime effective 1 April 2026, recognizing an incremental deferred tax asset of ₹4,670.93 lakh related to MAT credit.
- · Cash and cash equivalents increased significantly to ₹33,354.45 lakh as of 31 March 2026 from ₹9,118.50 lakh a year earlier.
- · Total assets grew to ₹2,54,725.45 lakh from ₹2,04,000.87 lakh as of 31 March 2025.
- · Segment-wise, the US segment revenue for FY26 was ₹2,28,821.40 lakh (up 10.4% YoY), UK segment revenue was ₹1,03,467.88 lakh (up 10.8% YoY), while India segment revenue declined 15.4% YoY to ₹58,513.32 lakh.
- · Content and broadcasting expenses for FY26 were ₹72,443.02 lakh, up 11.4% from ₹65,021.57 lakh in FY25.
22-05-2026
Laffans Petrochemicals Ltd. has informed the stock exchange that a Board Meeting will be held on May 27, 2026, to consider and take on record the audited financial results for the quarter and year ended March 31, 2026. The trading window for equity shares will reopen on May 30, 2026.
- · Board meeting scheduled for May 27, 2026 at 02:00 P.M. at the registered office.
- · Trading window reopens on May 30, 2026.
22-05-2026
Advance Lifestyles Ltd. has postponed its Board Meeting from May 25, 2026 to May 27, 2026 due to a director's medical treatment. The trading window remains closed until 48 hours after the meeting outcome.
- · Original meeting date: May 25, 2026
- · New meeting date: May 27, 2026
- · Reason for postponement: medical treatment of a director
- · Trading window closed until 48 hours after meeting outcome
22-05-2026
Monind Limited has informed the stock exchanges that a Board Meeting is scheduled for May 29, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. This is a routine regulatory intimation with no financial data disclosed.
- · Board meeting date: May 29, 2026
- · Agenda: Approval of audited financial results for Q4 and FY ended March 31, 2026
- · Filing date: May 22, 2026
- · Company scrip code: 532078
22-05-2026
NatureWings Holidays Limited has informed BSE that a Board Meeting is scheduled on May 29, 2026, to consider and approve the audited financial results for the fiscal year ended March 31, 2026. The meeting will be held at the company's registered office, and no other financial details or prior period comparisons are provided in this filing.
- · Board meeting date: May 29, 2026
- · Agenda includes approval of audited financial results for FY ended March 31, 2026
- · Company is ISO 9001:2015 certified
- · Registered office located at DGK-417, DLF Galleria, 4th Floor, New Town, Action Area-1, Kolkata-700156
- · Scrip code: 544245
22-05-2026
Next Mediaworks Limited reported a net loss of ₹528 Lacs for FY26 compared to a profit of ₹394 Lacs in FY25, with a total comprehensive loss of ₹1,074 Lacs (vs. profit of ₹324 Lacs). The company has zero revenue from operations and its net worth is fully eroded, leading the auditor to issue an emphasis of matter stating the financial results have been prepared on a non‑going concern basis. An exceptional loss of ₹72 Lacs was recognised due to impairment of GST input tax credit.
- · Company has no business operations and no operating cash flows — net current asset position exists but going concern assumption is no longer appropriate.
- · Exceptional loss of ₹72 Lacs due to impairment of GST Input Tax Credit.
- · Other comprehensive loss of ₹546 Lacs for the year ended March 31, 2026 due to decline in fair value of Equity Instruments classified under FVTOCI.
- · Inter-corporate borrowing of ₹452 Lacs finance cost for FY26, contractually due for repayment in August 2027 — repayment uncertainty flagged.
- · Loss per share for FY26: basic and diluted (₹0.79) vs. EPS of ₹0.59 in FY25.
- · Net worth fully eroded with negative other equity of ₹10,225 Lacs as at March 31, 2026.
22-05-2026
Asian Hotels (North) Limited has announced a Board Meeting scheduled for May 28, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window, which closed on April 1, 2026, will reopen 48 hours after the results are declared.
- · The Board Meeting is scheduled for Thursday, May 28, 2026.
- · The trading window was closed from April 1, 2026, and will reopen 48 hours after the financial results are declared.
- · The meeting will consider audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
22-05-2026
Aayush Wellness Ltd has informed the stock exchanges that a Board Meeting will be held on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window for designated persons has been closed from April 1, 2026, and will reopen 48 hours after the results are declared.
- · The Board Meeting is scheduled for Friday, May 29, 2026, at the registered office of the company.
- · The trading window was closed from April 1, 2026, and will reopen 48 hours after the declaration of audited financial results.
- · The company's scrip code is 539528 and symbol is AAYUSH on BSE.
22-05-2026
Dhampur Sugar Mills Limited declared an interim dividend of ₹2 per equity share (20% on face value of ₹10) for FY 2025-26, with a record date of May 26, 2026. The company also communicated detailed tax withholding requirements under the new Income-tax Act, 2025, applicable from April 1, 2026, including varying rates for resident and non-resident shareholders. No financial performance data or period-over-period comparisons were provided in this filing.
- · Record date for interim dividend eligibility is May 26, 2026.
- · Dividend will be paid only through electronic mode as per SEBI regulations.
- · Resident shareholders with valid PAN face a 10% withholding tax; without valid PAN, the rate is 20%.
- · Non-resident shareholders (FIIs/FPIs) face a withholding tax of 20% (plus surcharge and cess) or beneficial treaty rate, subject to document submission.
- · Shareholders must submit required documents (e.g., Form 121, TRC, Form 41) by May 26, 2026 to avail lower or nil withholding tax rates.
- · PAN-Aadhaar linking is mandatory; failure results in a 20% withholding tax rate.
- · The company will issue soft copy TDS certificates via email; shareholders can download Form 168 from the Income Tax Department website.
22-05-2026
Birla Capital & Financial Services Ltd reported audited standalone financial results for the quarter and year ended March 31, 2026. The company posted a net profit of ₹0.30 Lakh for the quarter (Q4 FY26) compared to a net loss of ₹0.63 Lakh in the preceding quarter (Q3 FY26), but this represents a sharp decline from the ₹0.18 Lakh profit reported in the same quarter last year (Q4 FY25). For the full fiscal year FY26, net profit was ₹0.80 Lakh versus a net loss of ₹2.56 Lakh in FY25, showing a year-over-year improvement. However, total income for the quarter fell 47% sequentially to ₹3.00 Lakh from ₹5.70 Lakh in Q4 FY25, and the company continues to report negative other equity of ₹922.63 Lakh, indicating accumulated losses.
- · The company's total expenses for Q4 FY26 were ₹3.06 Lakh, exceeding total income of ₹3.00 Lakh, resulting in a pre-tax loss of ₹0.06 Lakh before deferred tax adjustment.
- · Deferred tax credit of ₹0.38 Lakh in Q4 FY26 turned the pre-tax loss into a net profit of ₹0.30 Lakh.
- · Other equity (accumulated losses) stood at negative ₹922.63 Lakh as of March 31, 2026, compared to negative ₹923.43 Lakh a year earlier, showing marginal improvement.
- · Cash and cash equivalents increased to ₹0.95 Lakh at March 31, 2026 from ₹0.71 Lakh at March 31, 2025.
- · Trade receivables remained flat at ₹1.60 Lakh year-over-year.
- · The company has no reportable segments other than a single operating segment.
- · The auditor's report is unmodified (clean opinion) with no emphasis of matter paragraphs.
22-05-2026
SVP Global Textiles Limited has informed the stock exchanges that its Board of Directors will meet on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window for designated persons and insiders has been closed since April 1, 2026, and will remain closed until 48 hours after the results are declared.
- · The company was formerly known as SVP Global Ventures Limited.
- · The trading window closure began on April 1, 2026, and will remain closed until 48 hours after the results declaration.
- · The Board meeting is scheduled for Friday, May 29, 2026, at the registered office in Mumbai.
22-05-2026
Remsons Industries Limited approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Consolidated revenue for FY26 grew 25.6% YoY to ₹47,394.75 Lakhs and net profit rose 25.6% to ₹1,805.05 Lakhs, driven by strong operating performance. However, Q4 standalone profit before exceptional items fell sharply to ₹539.26 Lakhs from ₹889.44 Lakhs in Q3, and the board recommended a minimal dividend of Re. 0.10 per share (5% on face value of ₹2). A new ESOP 2026 scheme for up to 1,00,000 equity shares was also approved.
- · Consolidated revenue from operations in Q4 FY26 was ₹13,040.15 Lakhs, up 5.9% QoQ from ₹12,309.62 Lakhs in Q3 FY26 and up 22.8% from ₹10,618.34 Lakhs in Q4 FY25.
- · Consolidated net profit (attributable to owners) for Q4 FY26 was ₹522.45 Lakhs vs ₹512.44 Lakhs in Q3 and ₹455.44 Lakhs in Q4 FY25, showing modest sequential and year-on-year growth.
- · Exceptional items in Q4 FY26: ₹84.22 Lakhs charge (same as Q3 FY26, vs nil in Q4 FY25).
- · Dividend recommended: Re. 0.10 per share (5% on face value of ₹2), subject to shareholder approval at the AGM.
- · Total comprehensive income for FY26 (consolidated) was ₹2,375.06 Lakhs vs ₹1,540.08 Lakhs in FY25.
- · Basic EPS (consolidated) for FY26: ₹5.18 vs ₹4.12 in FY25; for Q4 FY26: ₹1.50 vs ₹1.41 in Q3 and ₹1.31 in Q4 FY25.
- · Net cash from operating activities (FY26) surged to ₹5,993.98 Lakhs from ₹2,217.66 Lakhs in FY25.
- · Cash and cash equivalents at end of FY26: ₹1,961.44 Lakhs vs ₹1,088.53 Lakhs at end of FY25.
- · Auditors issued an unmodified opinion on both standalone and consolidated results.
22-05-2026
Godavari Drugs Ltd. has informed the stock exchange that a Board Meeting will be held on May 27, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The trading window for insiders has been closed since April 1, 2026, and will reopen 48 hours after the results are declared.
- · Board meeting scheduled for Wednesday, May 27, 2026.
- · Agenda includes approval of audited standalone financial results for Q4 and FY ended March 31, 2026.
- · Trading window closed from April 1, 2026, and will open 48 hours after results declaration.
- · Previous intimation regarding trading window closure was sent on March 23, 2026.
22-05-2026
SAB Events & Governance Now Media Limited has informed the stock exchanges that a Board Meeting is scheduled for May 29, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for insiders has been closed from April 1, 2026, and will reopen 48 hours after the results are declared. No financial figures or performance comparisons are provided in this filing.
- · Board meeting date: May 29, 2026
- · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026
- · Trading window closure period: April 1, 2026 until 48 hours after results declaration
- · Scrip code: 540081 (BSE), Symbol: SABEVENTS (NSE)
22-05-2026
SMS Pharmaceuticals reported standalone revenue from operations of ₹88,687.10 Lakh for FY26, up 13.3% from ₹78,274.81 Lakh in FY25, and net profit of ₹8,760.93 Lakh, up 28.1% from ₹6,838.12 Lakh. However, Q4 FY26 revenue declined 4.1% YoY to ₹23,794.75 Lakh from ₹24,819.56 Lakh, while net profit rose slightly by 1.4% to ₹2,092.09 Lakh. The Board recommended a final dividend of ₹0.40 per share (40%) and approved shifting the registered office within Hyderabad.
- · The Board approved shifting the registered office to 8th Floor, Trendset Jayabheri Connect, Kondapur, Hyderabad, effective May 25, 2026.
- · Appointed M/s. Annapragada & Co. as Cost Auditors and re-appointed M/s. Adusumilli & Associates as Internal Auditors for FY27.
- · Statutory auditors issued an unmodified opinion on standalone and consolidated financial statements.
- · The company confirmed no deviation or variation in utilisation of funds raised through preferential issue for the quarter ended March 31, 2026.
- · Total comprehensive income for FY26 was ₹8,764.24 Lakh, up from ₹6,787.77 Lakh in FY25.
- · Earnings per share (basic/diluted) for FY26 stood at ₹9.58, compared to ₹8.07 in FY25.
- · Total assets increased to ₹1,38,100.04 Lakh as at March 31, 2026, from ₹1,18,610.18 Lakh a year earlier.
- · Net cash inflow from operating activities was ₹6,068.14 Lakh in FY26, down from ₹8,171.22 Lakh in FY25.
- · Capital work-in-progress rose sharply to ₹11,582.43 Lakh from ₹3,467.14 Lakh, indicating ongoing expansion.
22-05-2026
Glen Industries Limited has informed the stock exchange of a Board of Directors meeting scheduled for May 27, 2026, to consider and approve the audited financial results for the half year and financial year ended March 31, 2026. The trading window remains closed until May 29, 2026, in compliance with insider trading regulations. No financial figures or performance data are disclosed in this filing.
- · Board meeting date: May 27, 2026
- · Trading window closure period: until May 29, 2026
- · Filing date: May 22, 2026
- · Stock symbol: GLEN, ISIN: INE0UMC01019
22-05-2026
Bansal Roofing Products reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for Q4 FY26 grew 53.9% YoY to ₹4,533.20 Lacs, while net profit increased 84.5% YoY to ₹343.10 Lacs. For the full year, revenue rose 59.7% to ₹15,429.57 Lacs and net profit rose 90.3% to ₹1,054.25 Lacs. However, other income declined significantly and finance costs decreased.
- · The Board approved re-appointment of Mr. Kaushalkumar S. Gupta as Managing Director for five years from August 1, 2026, subject to shareholder approval.
- · The company does not fall under the Large Corporate category for debt securities framework.
- · Auditor's report issued with unmodified opinion.
- · Earnings per share (basic and diluted) for Q4 FY26: ₹2.65; for FY26: ₹8.00.
22-05-2026
Hindprakash Industries Limited has informed the stock exchanges that a Board Meeting is scheduled for May 28, 2026 to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026. The trading window, which closed on April 01, 2026, will reopen 48 hours after the results become publicly available.
- · Trading window closed from April 1, 2026 for all insiders including Promoters, Directors, Designated Persons and their immediate relatives
- · Trading window will reopen after 48 hours from the time results become generally available
- · Board meeting scheduled for Thursday, May 28, 2026
22-05-2026
Citadel Realty and Developers Limited has informed BSE that a Board Meeting will be held on May 27, 2026 to consider and approve the audited financial results (standalone and consolidated) for the fiscal year ended March 31, 2026, and to decide on any dividend. The trading window for designated persons remains closed from April 1, 2026 through May 29, 2026.
- · Board meeting scheduled for May 27, 2026.
- · Agenda includes approval of audited financial results (standalone and consolidated) for FY ended March 31, 2026.
- · Dividend decision will be considered.
- · Trading window closed from April 1, 2026 to May 29, 2026 for designated persons and their immediate relatives.
22-05-2026
Shangar Decor Limited has informed BSE that a Board Meeting will be held on May 28, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The trading window for designated persons has been closed from April 1, 2026, until 48 hours after the results are made public.
- · Board meeting scheduled for Thursday, 28 May 2026 at the registered office.
- · Agenda includes consideration of audited standalone financial results for Q4 and FY ended 31 March 2026.
- · Trading window closed from 01.04.2026 until 48 hours after results are made public.
- · Company CIN: L36998GJ1995PLC028139.
- · Registered office address: 4, Sharad Flats, Opp. Dharnidhar Derasar, B/h. Sales India, Paldi, Ahmedabad-380007.
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