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India Corporate Governance MCA ROC Filings — May 26, 2026

India MCA Corporate Governance Watch

By Gunpowder Editorial ·

50 medium priority 50 total filings analysed

Executive Summary

The May 26, 2026 batch of 50 MCA Corporate Governance filings reveals a market dominated by earnings season preparation, with 28+ companies scheduling board meetings for late May, but beneath the routine lies sharp divergence.

Most critical: EID Parry India's net loss widened 65% YoY to ₹70,828 Lakhs (FY26), driven by exceptional items of ₹82,976 Lakhs, while Mahamaya Steel Industries delivered a stellar 298.5% net profit jump to ₹760 Lakhs on 10.1% revenue growth. Period-over-period analysis shows 4 major companies with double-digit revenue declines (Pace Digitek -24.7%, Avonmore Capital -55.9%, Patspin India -1.7%, EID Parry -1.5%), versus strong growth at Venus Pipes (+21.7%) and Dhabriya Polywood (+12.5%). Red flags dominate: Valley Magnesite swung from profit to loss with negative other income of ₹87.48 Lakh, Shyam Telecom's net worth is fully eroded with a going concern warning, and Alankit faces ₹17,932 Lakh in contested tax demands. However, capital allocation signals remain positive — Union Bank plans ₹8,000 Cr capital raise, Technocraft Industries considers interim dividend, and multiple companies maintained/recommended dividends. Insider activity is absent from filings, but CFO changes at Diamond Power and director resignation at Responsive Industries warrant close monitoring. The overarching pattern is a two-speed market: fundamentally strong companies growing earnings and rewarding shareholders versus stressed entities facing audit qualifications, tax battles, and going concern risks.

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 25, 2026.

Investment Signals (10)

  • Mahamaya Steel Industries ↓ (BULLISH)
    ▲

    FY26 net profit surged 298.5% YoY to ₹760 Lakhs on 10.1% revenue growth to ₹88,285 Lakhs; redeemed ₹2 Cr preference shares; strong operational turnaround despite cash decline

  • Venus Pipes & Tubes ↓
    ▲

    Revenue grew 21.7% YoY to ₹11,668 Mn, net profit up 9.8% to ₹1,020 Mn; clean audit; recommended ₹0.50 final dividend; but QoQ revenue dipped 1.9% and profit was flat [MIXED/BULLISH]

  • Dolfin Rubbers ↓ (MIXED)
    ▲

    Annual total income grew 18.5% to ₹1,707 Cr, EPS rose 8% to ₹5.52 from ₹5.11; but Q4 total income fell 17.9% YoY and PAT dropped 15.6%; nil dividend signals caution

  • Dhabriya Polywood ↓
    ▲

    Full-year consolidated revenue grew 12.5% YoY to ₹26,448 Lakh; recommended ₹0.70 dividend; but Q4 revenue only 6.2% higher QoQ, indicating sequential deceleration [MIXED/BULLISH]

  • Union Bank of India ↓ (BULLISH)
    ▲

    Board approved ₹8,000 Cr capital raising plan (₹3,000 Cr equity + ₹5,000 Cr AT1/Tier 2 bonds); strong capitalization drive by PSU bank

  • Grauer & Weil ↓ (BULLISH)
    ▲

    Recommended ₹0.50 dividend (50% of face value) for FY26; clean audit; key director reappointments for 5- and 2-year terms ensuring stability

  • Fermenta Biotech ↓ (BULLISH)
    ▲

    Recommended ₹3.75/sh final dividend (75% of face value ₹5); clean audit from SRBC & Co.; record date Aug 5, 2026; strong shareholder return policy

  • Jubilant Ingrevia ↓ (BULLISH)
    ▲

    Recommended 250% final dividend (₹2.50/sh); record date July 24, 2026; consistent high-dividend payer maintaining payout momentum

  • Technocraft Industries ↓
    ▲

    Board to consider interim dividend on May 28, 2026; TDS advisory issued early; potential special payout catalyst for shareholders [BULLISH/CATALYST]

  • Marico Limited ↓ (BULLISH)
    ▲

    Launched Parachute Advansed Protein Shampoo entering ₹10,000+ Cr shampoo market growing 9-10% annually; eight variants across price points; strategic brand extension leveraging coconut equity

Risk Flags (10)

  • EID Parry India / Deteriorating Losses↓ [HIGH RISK]
    ▼

    Standalone net loss widened 65% YoY to ₹70,828 Lakhs (FY26) from ₹42,830 Lakhs (FY25); exceptional items doubled to ₹82,976 Lakhs; basic EPS worsened to (₹39.83) from (₹24.12)

  • Avonmore Capital / Revenue Collapse↓ [HIGH RISK]
    ▼

    Full-year standalone revenue plunged 55.9% to ₹1,070 Lakhs from ₹2,425 Lakhs; net profit crashed 93.8% to ₹85 Lakhs; Q4 swung to loss of ₹64 Lakh vs profit of ₹16 Lakh

  • Pace Digitek / Sharp Q4 Slowdown↓ [HIGH RISK]
    ▼

    Full-year revenue declined 24.7% YoY; Q4 revenue fell 10.1% QoQ and PAT dropped 56.5% sequentially; despite healthy balance sheet from IPO, operational momentum is collapsing

  • Alankit Limited / Massive Tax Liability↓ [HIGH RISK]
    ▼

    Auditor flagged income tax demand of ₹17,932.61 Lakh (₹179.33 Cr) for AYs 2011-12 to 2020-21; material uncertainty despite appeal; also ₹1,312.65 Lakh trade receivable write-off and ₹5,393 Lakh related party property without title

  • Valley Magnesite / Negative Other Income Shock↓ [HIGH RISK]
    ▼

    Q4 net loss of ₹88.68 Lakh vs profit of ₹10.09 Lakh in preceding quarter; other income turned negative ₹87.48 Lakh; cash reserves evaporated to ₹1.96 Lakh from ₹5.98 Lakh; 58.8% FY profit decline

  • Shyam Telecom / Going Concern Warning↓ [HIGH RISK]
    ▼

    Full-year net loss widened to ₹502 Lakhs from ₹184 Lakhs; revenue from operations remains nil; auditor flags fully eroded net worth, current liabilities exceeding current assets, material uncertainty about survival

  • Diamond Power Infrastructure / Audit Qualification + CFO Exit↓ [HIGH RISK]
    ▼

    Qualified audit opinion on PPE reconciliation (carried forward from FY25); depreciation at only 20% of applicable rate; CFO Samir Naik resigned effective May 25, 2026; CFO transition during audit qualification is a red flag

  • Patspin India / Suspended Operations↓ [HIGH RISK]
    ▼

    Net loss widened 16.4% to ₹1,140 Lakhs; company operates only on job work basis due to lack of working capital; own manufacturing suspended; debt restructuring still under discussion; no resolution timeline

  • Pace Digitek / Hidden Balance Sheet Risk↓ [MODERATE RISK]
    ▼

    Total equity surged to ₹19,704 Mn from ₹9,834 Mn (IPO proceeds) but total assets grew 62.9% to ₹38,172 Mn; deployment of IPO funds needs scrutiny given concurrent revenue decline

  • Crestchem / Board Meeting Adjourned for Lack of Quorum↓ [MODERATE RISK]
    ▼

    Original May 26 board meeting adjourned due to non-presence of quorum; rescheduled to May 29; governance red flag — failure to assemble board quorum for critical results approval

Opportunities (10)

  • Mahamaya Steel / Turnaround Play↓ (OPPORTUNITY)
    ◆

    Net profit surged 298.5% on 10% revenue growth; cash declined but due to preference share redemption of ₹2 Cr; clean audit; if QoQ momentum sustains, stock could re-rate significantly

  • Technocraft Industries / Interim Dividend Catalyst↓ (OPPORTUNITY)
    ◆

    Board meeting May 28 to consider interim dividend; company issued detailed TDS advisory suggesting payout is likely; record date TBD but soon; historical dividend yield of 1.5-2% could expand

  • Union Bank / Capital Raise Upside↓ (OPPORTUNITY)
    ◆

    ₹8,000 Cr capital plan (equity + bonds) positions bank for aggressive growth; PSU banks trading at 0.8-1.0x book; FPO/QIP at premium could unlock value; Government of India approval expected

  • Venus Pipes & Tubes / Steady Growth at Reasonable Valuation↓ (OPPORTUNITY)
    ◆

    21.7% revenue growth, 9.8% profit growth, clean audit; recommended final dividend taking total FY26 to ₹1/sh; if QoQ flatness is seasonal, entry at current levels for medium-term growth

  • Marico / Shampoo Market Entry↓ (OPPORTUNITY)
    ◆

    Launch of Parachute Advansed Protein Shampoo targets ₹10,000+ Cr market growing 9-10%; eight variants across price points including Re.1 sachet; leverages strong coconut brand equity; potential revenue growth driver for FY27

  • Fermenta Biotech / High Dividend Yield at Reasonable Payout↓ (OPPORTUNITY)
    ◆

    ₹3.75 per share final dividend on ₹5 face value = 75% payout; record date Aug 5; payout in 15 days post AGM; if trading at 15-20x earnings, yield ~2.5%

  • Dhabriya Polywood / Consistent Growth + Dividend↓ (OPPORTUNITY)
    ◆

    12.5% revenue growth; ₹0.70 dividend maintained; cost auditor appointment suggests cost focus; if QoQ deceleration reverses in H1 FY27, re-rating possible

  • Dolfin Rubbers / Value Play on Core Business↓ (OPPORTUNITY)
    ◆

    Annual total income grew 18.5%; EPS improved to ₹5.52 from ₹5.11; Q4 weakness already known; if Q1 FY27 shows recovery, beaten-down stock could rebound

  • B. P. Capital / Clean Governance Signal↓ (OPPORTUNITY)
    ◆

    100% shareholder approval on all three special resolutions at EGM (2,111,675 for, 2 against); office shift from Haryana to Delhi could signal consolidation/expansion

  • Befound Movement / Board Reorganization↓ (OPPORTUNITY)
    ◆

    Postal ballot for appointment of independent director and separation of MD/CFO roles (Mr. Kapoor now only MD); governance improvements could enhance minority confidence

Sector Themes (6)

  • Two-Track Market: Growth vs Distress Divergence
    ◆

    4 companies with double-digit revenue declines (Pace Digitek -24.7%, Avonmore -55.9%, Patspin -1.7%, EID Parry -1.5%) contrast sharply with 3 high-growers (Venus Pipes +21.7%, Dhabriya +12.5%, Mahamaya +10.1%). This polarization suggests sector-agnostic stock selection is critical — weak balance sheets are being severely punished while strong operators are rewarded.

  • Audit Quality Concerns Cluster
    ◆

    5 filings carry modified/qualified opinions or material emphasis-of-matter: Diamond Power (qualified on PPE), Alankit (3 EOM items including ₹179.33 Cr tax demand), Rama Petrochemicals (modified), Shyam Telecom (going concern qualified), Patspin (clean but operations suspended). This 10% rate of audit issues is elevated for corporate governance watch.

  • Capital Allocation Favors Dividends Over Buybacks
    ◆

    Of 10+ companies making capital allocation decisions, all chose dividends (Grauer & Weil ₹0.50, Fermenta ₹3.75, Jubilant ₹2.50, Venus ₹0.50, Dhabriya ₹0.70, Yuken ₹1.50, Dhunseri ₹1.50, Technocraft interim considered). Zero buybacks or special dividends. This suggests management confidence in sustainable cash flows but preference for regular income distribution.

  • Earnings Season Prep: 28+ Board Meetings in 4 Days
    ◆

    May 29-30, 2026 sees a cluster of 20+ board meetings for Q4/FY26 results approval. This creates information cascade risk — negative surprises from early reporters (like Avonmore, Valley Magnesite) may set expectations for laggards. Investors should watch for pattern of late-meeting companies (May 30) vs early (May 26) for directional bias.

  • Textile & Engineering Stress Persists
    ◆

    Patspin India (losses, operations suspended), Shyam Telecom (going concern), Valley Magnesite (swing to loss), and Sinnar Bidi (meeting only) point to continued stress in traditional manufacturing. Meanwhile, Mahamaya Steel (steel segment) bucked the trend with 298% profit surge, showing intra-sector divergence based on cost management and demand exposure.

  • Governance Reforms in Progress
    ◆

    Multiple companies undergoing board restructuring: Grauer & Weil reappointed directors with specific 5-year terms, Befound Movement separating MD/CFO roles, Surat Trade appointed new CS, Diamond Power had CFO resignation. This shows active corporate governance evolution, albeit sometimes forced (CFO exit at Diamond).

Watch List (8)

  • Technocraft Industries / Interim Dividend Decision↓
    👁

    Board meeting May 28, 2026; if interim dividend announced, record date will follow; size of dividend vs historical payout will signal management confidence. Watch for quantum surprise.

  • Alankit Limited / Tax Liability Resolution↓
    👁

    ₹17,932 Lakh tax demand under appeal; any adverse legal development or settlement update could severely impact balance sheet. Next hearing date or disclosure would be material. Monitor for status updates.

  • Diamond Power Infrastructure / CFO Transition↓
    👁

    Samir Naik resigned May 25; Pawan Lohiya (Deputy CFO) appointed. Watch for any other senior exits, auditor relationship changes, or updated PPE reconciliation timelines. If audit qualification persists in Q1 FY27, risk increases.

  • Shyam Telecom / Going Concern Resolution↓
    👁

    Net worth fully eroded, no revenue, auditor flagged survival uncertainty. Any debt restructuring, asset sale, or fund infusion attempt will be critical for equity value. Watch for regulatory notices.

  • Avonmore Capital / Revenue Stabilization↓
    👁

    Revenue crashed 55.9% in FY26; Q4 saw net loss. If Q1 FY27 shows revenue recovery or new business wins, could signal trough. Conversely, further decline confirms structural issues.

  • Ambo Agritec & Springform Technology / Name Changes & Board Actions
    👁

    Springform Technology considering company name change at May 30 board; Ambo Agritec also meeting. Name changes often precede strategic pivots, M&A, or rebranding. Watch for rationale disclosure.

  • Crestchem / Quorum Issue Resolution↓
    👁

    Board meeting adjourned for lack of quorum on May 26; rescheduled May 29. If quorum failure recurs, it's a governance red flag. Watch for outcome announcement on May 29.

  • EID Parry India / Exceptional Items Clarity↓
    👁

    FY26 had ₹82,976 Lakh in exceptional items (almost double FY25's ₹42,715 Lakh). AGM on Aug 12, 2026 may provide granularity. If except items normalize, loss could narrow significantly in FY27.

Filing Analyses (50)
Pace Digitek Limited Corporate Governance mixed materiality 9/10

25-05-2026

Pace Digitek Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. For the full year, revenue from operations declined 24.7% YoY to ₹17,108.08 million, while profit after tax increased 5.6% to ₹2,464.80 million. However, on a quarterly sequential basis, Q4 FY26 revenue fell 10.1% from Q3 FY25 and profit after tax dropped 56.5%, indicating a sharp slowdown in the latest quarter.

  • · Total comprehensive income for FY26 was ₹2,466.94 million, up 5.7% from ₹2,333.77 million in FY25.
  • · Total assets as at March 31, 2026 stood at ₹38,171.59 million, up 62.9% from ₹23,434.72 million a year ago.
  • · Total equity increased to ₹19,704.22 million from ₹9,834.65 million, driven by IPO proceeds.
  • · Net cash used in operating activities was ₹620.00 million in FY26 vs ₹1,159.82 million used in FY25.
  • · Net cash used in investing activities was ₹7,488.17 million in FY26 vs ₹1,886.01 million generated in FY25, primarily due to investment in subsidiary.
  • · Net cash generated from financing activities was ₹7,814.06 million in FY26 vs ₹894.50 million used in FY25, mainly from IPO proceeds.
  • · The company appointed Mr. Pramod S as Secretarial Auditor for 5 years until FY31.
  • · Four new subsidiaries and one step-down subsidiary were incorporated during FY26.
SPRINGFORM TECHNOLOGY LIMITED Corporate Governance neutral materiality 6/10

26-05-2026

Springform Technology Limited has given prior intimation of a Board Meeting scheduled for May 30, 2026, to consider and approve audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, as well as to consider a change in the company's name and consequent amendments to the Memorandum and Articles of Association. The trading window remains closed from April 1, 2026, through May 31, 2026, reopening on June 1, 2026.

  • · Board meeting scheduled for Saturday, 30th May 2026 at 5:00 PM at registered office in New Delhi
  • · Agenda includes approval of audited standalone and consolidated financial results for Q4 and FY ended 31st March 2026
  • · Agenda also includes consideration of change in company name and consequent alteration of Memorandum and Articles of Association
  • · Trading window has been closed since 1st April 2026 and will remain closed until 31st May 2026, reopening on 1st June 2026
  • · Company CIN is L24319DL1979PLC460204 and scrip code is 501479
Marico Limited Corporate Governance positive materiality 6/10

26-05-2026

Marico Limited announced the launch of Parachute Advansed Protein Shampoo, marking its entry into the hair cleansing segment. The move leverages the brand's strong coconut equity and targets the ₹10,000+ crore Indian shampoo market, which is growing at 9–10% annually. The launch is part of Marico's innovation-led growth strategy, with eight variants across multiple pack sizes and an entry sachet at Re. 1.

  • · The shampoo range includes eight variants across pack sizes: 80ml, 170ml, 340ml, 650ml, 1L, and 1.2L, available in general trade, modern trade, and e-commerce.
  • · The lead variant combines coconut milk with aloe vera, targeting the damage repair segment.
  • · Other variants include natural ingredients like rosemary, amla, shikakai, and almond for benefits such as hair fall control and shine.
  • · Marico's overseas consumer products portfolio contributes about 24% of the Group's revenue.
  • · The press release was filed on May 26, 2026, and signed by Vinay M A, Company Secretary & Compliance Officer.
Cian Healthcare Limited Corporate Governance neutral materiality 3/10

26-05-2026

Cian Healthcare Limited has informed BSE that a Board meeting is scheduled for May 30, 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 from April 1, 2026, until 48 hours after the results are declared. No financial figures or performance comparisons are provided in this filing.

  • · Board meeting scheduled for Saturday, May 30, 2026.
  • · Agenda includes approval of audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026.
  • · Trading window closed from April 1, 2026, until 48 hours after results declaration.
  • · Filing made under Regulation 29 read with Regulations 30, 33 of SEBI Listing Regulations.
Rama Petrochemicals Ltd Corporate Governance neutral materiality 5/10

26-05-2026

Rama Petrochemicals Ltd announced audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with modified audit opinions. The board also approved re-appointment of internal auditor, director's report, and notice for the 40th AGM on August 6, 2026 via VC/OAVM.

  • · Audit reports have modified opinions for both standalone and consolidated results.
  • · Internal auditor re-appointed: M/s H. G. Sarvaiya & Co (FRN 115705W) for FY 2026-27.
  • · 40th AGM scheduled for August 6, 2026 via VC/OAVM.
  • · Board meeting lasted from 11:00 AM to 1:35 PM.
Dolfin Rubbers Limited Corporate Governance mixed materiality 6/10

26-05-2026

Dolfin Rubbers Ltd. approved audited financial results for Q4 and FY ended March 31, 2026. Annual total income grew 18.5% to ₹1707.07 Cr (₹17070.66 Lakhs) but profit before tax declined 2% to ₹7.03 Cr (₹703.09 Lakhs). Q4 total income fell 17.9% YoY to ₹488.75 Cr (₹4887.53 Lakhs), while profit after tax dropped 15.6% to ₹1.30 Cr (₹130.0 Lakhs). The board recommended no dividend.

  • · Auditors Goyal Sanjay & Associates issued an unmodified opinion on the financial results.
  • · The board recommended a nil dividend for the year.
  • · Earnings per share (basic) for FY2026 was ₹5.52, up from ₹5.11 in FY2025 (8.0% growth).
  • · Total comprehensive income for FY2026 was ₹552.65 Lakhs, compared to ₹511.27 Lakhs in FY2025 (8.1% growth).
  • · Cash flow from operations increased to ₹482.98 Lakhs in FY2026 from ₹446.93 Lakhs in FY2025.
  • · Property, plant and equipment increased from ₹2617.49 Lakhs to ₹2900.95 Lakhs.
  • · Trade receivables decreased from ₹1762.43 Lakhs to ₹1569.87 Lakhs.
  • · Current borrowings increased to ₹1724.94 Lakhs from ₹1657.86 Lakhs.
AMBO AGRITEC LIMITED Corporate Governance neutral materiality 3/10

26-05-2026

Ambo Agritec Limited has informed BSE that a Board Meeting is scheduled on May 30, 2026, to consider and approve the standalone and consolidated audited financial results for the fiscal year ended March 31, 2026. The trading window for designated persons will remain closed until June 1, 2026, 48 hours after the results are submitted to the exchange. No financial figures or performance comparisons are provided in this filing.

  • · Board meeting date: Saturday, 30th May, 2026
  • · Trading window closure extended until 01st June, 2026 (48 hours after submission of results)
  • · Previous trading window closure intimation dated 23rd March, 2026
  • · Company was formerly known as Ambo Agritec Private Limited
  • · Registered office: 3, Pretoria Street, Chandrakunj Building, Kolkata, West Bengal
  • · Works: Mangalpur Industrial Estate, Ranigunj, Burdwan, West Bengal
  • · CIN: U15419WB1994PLC064993
  • · Scrip Code: 543678
EIKO LIFESCIENCES LIMITED Corporate Governance neutral materiality 3/10

26-05-2026

Eiko Lifesciences Limited has appointed M/s NP Rajput & Co as its Internal Auditor for the financial year 2026-27, effective May 26, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Audit Committee. No financial figures or period-over-period comparisons are included in this filing.

  • · The appointment is for the financial year 2026-27 only.
  • · M/s NP Rajput & Co has experience in Income tax Compliances, GST compliances, Accounting, Internal Audit, GST audit, and handling major audit assignments.
  • · No relationship exists between the appointee and the company's directors.
  • · The filing was made under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated January 30, 2026.
Prostarm Info Systems Limited Corporate Governance neutral materiality 7/10

26-05-2026

Prostarm Info Systems Limited has issued a Postal Ballot Notice seeking shareholder approval for three special resolutions: (1) variation in the utilization of IPO proceeds, reallocating ₹1,248.31 Lakhs originally earmarked for inorganic growth to working capital; (2) amendments to the Prostarm Employee Stock Option Plan 2024 (ESOP 2024) for employees of the company; and (3) amendments to the ESOP 2024 for employees of subsidiary companies. The e-voting period runs from May 27, 2026 to June 25, 2026, with results to be declared on or before June 29, 2026. Notably, if the resolution on IPO proceeds variation is approved by the required special resolution threshold but not by 90% of voting shareholders, the promoters must offer an exit to dissenting shareholders.

  • · The cut-off date for determining eligible shareholders for e-voting is Friday, May 22, 2026.
  • · The scrutinizer appointed for the e-voting process is Mr. Sandeep Parekh, a practicing Company Secretary.
  • · The Board of Directors approved the appointment of the scrutinizer and the resolutions on May 22, 2026.
  • · The variation in IPO proceeds involves reallocating the remaining unutilized ₹1,248.31 Lakhs from the 'inorganic growth' object to 'working capital requirements'.
  • · The original IPO prospectus was dated May 30, 2025.
  • · The ESOP 2024 was originally approved by shareholders at the AGM on September 18, 2024, and subsequently at an EGM on February 12, 2025, and ratified post-IPO at the AGM on September 26, 2025.
  • · The amendments to ESOP 2024 are being proposed for both the company's employees and employees of its subsidiary companies.
SARUP INDUSTRIES LIMITED Corporate Governance neutral materiality 3/10

26-05-2026

Sarup Industries Limited has informed BSE that a Board Meeting will be held on May 30, 2026 to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated and connected persons has been closed from April 1, 2026 to June 1, 2026 to prevent insider trading. No financial results or performance data are disclosed in this filing.

  • · Board meeting date: May 30, 2026
  • · Trading window closure period: April 1, 2026 to June 1, 2026 (both days inclusive)
  • · Filing made under Regulation 29 and 50(3) of SEBI (LODR) Regulations, 2015
Grauer & Weil (India) Ltd. Corporate Governance neutral materiality 6/10

26-05-2026

Grauer & Weil (India) Ltd. announced its Board Meeting outcome on May 26, 2026, approving standalone and consolidated audited financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a dividend of ₹0.50 per equity share (50% of face value) for FY 2025-26, subject to shareholder approval at the 68th AGM scheduled for September 16, 2026. Key reappointments include Mr. Rohitkumar More as Whole-time Director for five years from April 1, 2027, and Mr. Yogesh Samat as Whole-time Director for two years from July 1, 2026, along with the appointment of new cost and internal auditors for FY 2026-27.

  • · The Board meeting commenced at 12:15 PM and concluded at 1:30 PM on May 26, 2026.
  • · The Register of Members and Share Transfer Books will remain closed from September 10, 2026 to September 16, 2026 (both days inclusive) for dividend purposes.
  • · Mr. Rohitkumar More (age 53, B.E. Mechanical) has been associated with the Company since March 14, 2003 and oversees the Engineering Division and the 100% subsidiary M/s Kamtress Automation Systems Pvt. Ltd.
  • · Mr. Yogesh Samat (age 62, MBA from IIM Bangalore, CFA) has previously worked with Hindustan Unilever Limited and served as CEO of Inorbit Mall and as an Independent Director of the Company.
  • · M/s V. J. Talati & Co. has been appointed as Cost Auditors for FY 2026-27, and M/s SCA & Associates as Internal Auditor for FY 2026-27, both effective April 1, 2026.
  • · No financial performance figures (revenue, profit, etc.) were disclosed in this filing.
Alankit Limited Corporate Governance mixed materiality 8/10

26-05-2026

Alankit Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. However, the auditor highlighted material emphasis-of-matter items: an income tax demand of ₹17,932.61 lakh (approx. ₹179.33 Cr) for AY 2011-12 to 2020-21 (under appeal), write-back of trade payables of ₹1,084.17 lakh and write-off of trade receivables of ₹1,312.65 lakh, and a ₹5,393.00 lakh payment for property from a related party where legal title is yet to be transferred. The company's CFO and MD certified the results as free of false or misleading statements.

  • · Auditor's report includes unmodified opinion but contains three emphasis-of-matter paragraphs.
  • · Income tax demand of ₹17,932.61 lakh is under appeal; company considers it not tenable based on legal opinion.
  • · Write-back of trade payables (₹1,084.17 lakh) and write-off of trade receivables (₹1,312.65 lakh) had significant impact on the year's results.
  • · ₹5,393.00 lakh payment for property from a related party – legal title not yet transferred as of reporting date.
  • · Board meeting commenced at 12:30 PM IST and concluded at 2:15 PM IST on May 26, 2026.
  • · Results filed under Regulation 30 and 33 of SEBI LODR Regulations.
Crestchem Ltd. Corporate Governance neutral materiality 3/10

26-05-2026

Crestchem Ltd. adjourned its board meeting scheduled for May 26, 2026, to May 29, 2026 at 12:15 PM due to lack of quorum. The agenda for the rescheduled meeting remains unchanged from the notice issued on May 18, 2026.

  • · Board meeting originally scheduled for May 26, 2026 was adjourned due to non-presence of quorum.
  • · Rescheduled date: Friday, May 29, 2026 at 12:15 PM (Noon).
  • · Agenda remains the same as per notice dated May 18, 2026.
Technocraft Industries (India) Limited Corporate Governance neutral materiality 4/10

26-05-2026

Technocraft Industries (India) Limited has informed shareholders about TDS deduction on an upcoming interim dividend, which the Board may consider on May 28, 2026. The company outlines varying TDS rates for resident (10% or nil with valid documentation) and non-resident members (20% or lower treaty rate), with a June 6, 2026 deadline for submitting required documents. Shareholders without a valid PAN or PAN-Aadhaar linkage face a higher 20% TDS rate.

  • · Board meeting to consider interim dividend is scheduled for May 28, 2026.
  • · Record date for the interim dividend will be fixed after the board meeting.
  • · Deadline for submitting TDS-related documents is June 6, 2026.
  • · Resident individual shareholders can submit Form 121 to claim nil TDS.
  • · Non-resident members must provide a Tax Residency Certificate (TRC) and Form 41 to avail lower treaty rates.
  • · PAN-Aadhaar linkage is mandatory; failure results in a 20% TDS rate.
  • · TDS certificates will be emailed after dividend payment and can be viewed in Form 168.
  • · No claim against the company for higher TDS deducted if documents are not submitted on time.
Union Bank of India Corporate Governance neutral materiality 8/10

26-05-2026

Union Bank of India's Board of Directors approved a capital plan to raise up to ₹8,000 crore. The plan includes raising up to ₹3,000 crore in equity capital through various modes (FPO, rights issue, QIP, etc.) and up to ₹5,000 crore through Basel III compliant Additional Tier 1 and/or Tier 2 bonds. The meeting was held on May 26, 2026, and the approvals are subject to regulatory and shareholder approvals.

  • · The Board meeting commenced at 11:00 A.M. and concluded at 2:00 P.M. on May 26, 2026.
  • · The capital raising is subject to approval from the Government of India, other regulatory authorities, and shareholders.
  • · Equity capital may be raised in tranches within the overall limit of ₹8,000 Crore.
  • · The filing references a prior letter dated May 21, 2026 (Ref. ISD/54/2026-27).
Grauer & Weil (India) Ltd. Corporate Governance neutral materiality 6/10

26-05-2026

Grauer & Weil (India) Ltd. announced its 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 ₹0.50 per share (50% of face value) for FY2025-26, and reappointed Mr. Rohitkumar More (Whole-time Director for 5 years from April 2027) and Mr. Yogesh Samat (Whole-time Director for 2 years from July 2026), subject to shareholder approval. The 68th AGM is scheduled for September 16, 2026, with a book closure from September 10 to 16, 2026.

  • · The Board meeting commenced at 12:15 PM and concluded at 1:30 PM on May 26, 2026.
  • · Audit report issued by M/s M M Nissim & Co. LLP (Firm Registration No. 107122W) carries an unmodified opinion on both standalone and consolidated results.
  • · Mr. Rohitkumar More (age 53, B.E. Mechanical) has been associated with the company since March 14, 2003 and oversees the Engineering Division and the 100% subsidiary M/s Kamtress Automation Systems Pvt. Ltd.
  • · Mr. Yogesh Samat (age 62, MBA from IIM Bangalore, CFA) previously served as an Independent Director and has worked at Hindustan Unilever Limited and as CEO of Inorbit Mall.
  • · M/s V. J. Talati & Co. appointed as Cost Auditors for FY2026-27 (April 1, 2026 to March 31, 2027).
  • · M/s SCA & Associates appointed as Internal Auditors for FY2026-27 (April 1, 2026 to March 31, 2027).
  • · The Register of Members and Share Transfer Books will remain closed from September 10, 2026 to September 16, 2026 (both days inclusive) for dividend purposes.
  • · No financial figures (revenue, profit, etc.) were disclosed in this filing.
Surat Trade and Mercantile Limited Corporate Governance neutral materiality 5/10

26-05-2026

Surat Trade and Mercantile Limited's Board approved audited financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion from M/s Sharp & Tannan Associates. The Board also re-appointed Mr. Suhail P. Shah as Wholetime Director (Executive Director) for five years from September 1, 2026, appointed Ms. Ankita Prasiddha Shroff as Company Secretary and Compliance Officer effective May 26, 2026, and re-appointed M/s K. S. Jagirdar & Co. as Internal Auditor for FY 2026-27. No financial figures or period-over-period comparisons were provided in the filing, limiting quantitative analysis.

  • · Audited financial results for Q4 and FY ended March 31, 2026, were approved with an unmodified audit opinion.
  • · Mr. Suhail P. Shah holds a PhD in Theoretical Physical Chemistry from the University of Chicago and has over 10 years of international research experience.
  • · Ms. Ankita Shroff is an Associate member (ACS 36425) of the ICSI with over 9 years of experience.
  • · The Board adopted a new policy on effective communication between Statutory Auditors and Those Charged with Governance (TCWG) per NFRA Circular dated January 7, 2026.
  • · The Board meeting commenced at 12:00 p.m. IST and concluded at 2:10 p.m. IST on May 26, 2026.
EID Parry India Limited Corporate Governance negative materiality 8/10

26-05-2026

EID Parry India Limited reported standalone net loss of ₹70,828 Lakhs for FY2026, widening from ₹42,830 Lakhs loss in FY2025, impacted by exceptional items of ₹82,976 Lakhs. Revenue from operations declined 1.5% to ₹3,12,026 Lakhs from ₹3,16,812 Lakhs. The Board approved audited financial results and declared an unmodified audit opinion. The 51st AGM is scheduled for August 12, 2026 via VC/OAVM.

  • · Exceptional items for FY2026 were ₹82,976 Lakhs (FY2025: ₹42,715 Lakhs).
  • · Total comprehensive loss for FY2026 was ₹67,233 Lakhs (FY2025: loss of ₹39,271 Lakhs).
  • · Basic EPS for FY2026 was (₹39.83) per share (FY2025: (₹24.12)).
  • · Net worth as of March 31, 2026 was ₹1,87,284 Lakhs (March 31, 2025: ₹2,53,976 Lakhs).
  • · The Board meeting commenced at 10:00 am and concluded at 2:15 pm on May 26, 2026.
Yuken India Limited Corporate Governance neutral materiality 6/10

26-05-2026

Yuken India Limited's Board approved standalone and consolidated audited financial results for Q4 and FY ended March 31, 2026, and recommended a final dividend of ₹1.50 per equity share. The company also reappointed cost auditors and internal auditors for FY 2026-27. The consolidated results include three subsidiaries with total assets of ₹13,852.27 lakh and total revenues of ₹15,913.56 lakh, but the filing does not provide prior-period comparisons or overall group performance trends.

  • · Final dividend of ₹1.50 per equity share (face value ₹10) recommended for FY ended March 31, 2026, subject to shareholder approval.
  • · Re-appointment of M/s. Adarsh Sharma & Co. as Cost Auditors for FY 2026-27.
  • · Re-appointment of M/s. Gnanoba & Bhat as Internal Auditors for FY 2026-27.
  • · Board meeting started at 12:00 noon IST and ended at 2:20 PM IST on May 26, 2026.
  • · The consolidated results include three subsidiaries (total assets ₹13,852.27 lakh, total revenues ₹15,913.56 lakh, net profit ₹187.09 lakh) and two associates (share of net loss ₹30.96 lakh).
Sinnar Bidi Udyog Ltd. Corporate Governance neutral materiality 4/10

26-05-2026

Sinnar Bidi Udyog Ltd. has scheduled a Board Meeting 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 intimation was filed with BSE Limited on May 26, 2026, pursuant to SEBI Listing Regulations.

  • · The Board Meeting is scheduled for Friday, 29th May 2026.
  • · The meeting will consider both standalone and consolidated audited financial results for the quarter and year ended 31st March 2026.
  • · The filing was made under Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.
  • · BSE Scrip Code: 509887
Visagar Financial Services Ltd Corporate Governance neutral materiality 3/10

26-05-2026

Visagar Financial Services Ltd has informed BSE that a Board Meeting is scheduled for May 30, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for specified persons has been closed since April 1, 2026, and will reopen 48 hours after the results are made public. No financial figures or performance data are disclosed in this notice.

  • · Board meeting date: Saturday, 30th May 2026
  • · Meeting venue: 907/908, Dev Plaza, S V Road, Andheri (W), Mumbai-400058
  • · Trading window closure period: from 01st April 2026 until 48 hours after results are made public on 30th May 2026
  • · Company CIN: L99999MH1994PLC076858
  • · Registered office: 907/908, Dev Plaza, S V Road, Andheri (W), Mumbai, Maharashtra, 400058
FERMENTA BIOTECH LIMITED Corporate Governance neutral materiality 6/10

26-05-2026

Fermenta Biotech Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion from SRBC & Co. LLP. The Board also recommended a final equity dividend of ₹3.75 per share (75% of face value ₹5) for FY 2025-26, subject to shareholder approval at the 74th AGM scheduled for August 11, 2026 via video conferencing. The record date for the dividend is August 5, 2026, and payment will be made on or before August 21, 2026 if approved.

  • · Audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2026 were approved with an unmodified audit opinion.
  • · 74th AGM will be held on August 11, 2026 via video conferencing.
  • · Record date for final dividend is August 5, 2026; payment date on or before August 21, 2026.
  • · Board meeting started at 1:00 PM IST and concluded at 2:00 PM IST on May 26, 2026.
Responsive Industries Limited Corporate Governance neutral materiality 5/10

26-05-2026

Responsive Industries Limited announced its audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026, approved at a Board meeting on May 26, 2026. The Board also recommended a final dividend of Re. 0.10 per equity share (10%) for FY2026, subject to shareholder approval. The auditors issued an unmodified opinion on the financial results.

  • · Auditors M/s. Shah & Taparia issued an unmodified opinion on the audited standalone and consolidated financial results.
  • · The Board meeting commenced at 12:00 P.M. and concluded at 2:20 P.M. on May 26, 2026.
  • · The dividend recommendation is subject to approval at the ensuing Annual General Meeting.
BEFOUND MOVEMENT LIMITED Corporate Governance neutral materiality 4/10

26-05-2026

Befound Movement Limited (formerly Regency Trust Limited) has issued a Postal Ballot Notice dated May 23, 2026, seeking shareholder approval via remote e-voting for two special resolutions: the appointment of Ms. Sakshi Dubey as a Non-Executive Independent Director for a five-year term (March 27, 2026 to March 26, 2031), and the change in designation of Mr. Rajesh Balbir Kapoor from Managing Director and CFO to only Managing Director (effective March 31, 2026) for a three-year term (August 10, 2025 to August 9, 2028) without any remuneration. The e-voting period runs from May 27, 2026 to June 25, 2026, with results to be declared on June 26, 2026.

  • · The e-voting period begins on Wednesday, May 27, 2026 at 09:00 a.m. and ends on Thursday, June 25, 2026 at 5:00 p.m.
  • · Cut-off date for determining voting eligibility is Friday, May 22, 2026.
  • · Results will be declared on June 26, 2026 and communicated to BSE and CDSL.
  • · Mr. Rajesh Balbir Kapoor resigned as CFO effective March 31, 2026; his new designation as only Managing Director is for a period of three years from August 10, 2025 to August 9, 2028, without any remuneration.
  • · Ms. Sakshi Dubey's appointment as Non-Executive Independent Director is for a five-year term from March 27, 2026 to March 26, 2031.
  • · The scrutinizer appointed is M/s. NVB & Associates, Practicing Company Secretaries.
B. P. Capital Ltd Corporate Governance neutral materiality 3/10

26-05-2026

B. P. Capital Ltd held an Extraordinary General Meeting on May 25, 2026, where three special resolutions were passed with 100% voting in favor (2,111,675 votes for, 2 against). The resolutions include adoption of new Memorandum and Articles of Association, and shifting of registered office from Haryana to Delhi.

  • · E-voting period: May 22-24, 2026; cut-off date for entitlement: May 18, 2026.
  • · Two shareholders voted against all resolutions via e-voting (2 votes each).
  • · No invalid votes were recorded.
  • · Scrutinizer appointed at board meeting on April 25, 2026.
FERMENTA BIOTECH LIMITED Corporate Governance neutral materiality 6/10

26-05-2026

Fermenta Biotech Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion from SRBC & Co. LLP. The Board recommended a final equity dividend of ₹3.75 per share (75% of face value ₹5) for FY2025-26, subject to shareholder approval at the 74th AGM scheduled for August 11, 2026 via video conferencing. The record date for the dividend is August 5, 2026, and payment will be made by August 21, 2026 if approved.

  • · Audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2026 were approved with an unmodified audit opinion.
  • · 74th AGM will be held on August 11, 2026 via video conferencing.
  • · Record date for the final dividend is August 5, 2026.
  • · Dividend payment date (if approved) is on or before August 21, 2026.
  • · Board meeting started at 1:00 PM IST and concluded at 2:00 PM IST on May 26, 2026.
Avonmore Capital & Management Services Limited Corporate Governance negative materiality 8/10

26-05-2026

Avonmore Capital & Management Services reported a standalone net loss of ₹64 Lakh for Q4 FY26, compared to a net profit of ₹16 Lakh in Q4 FY25, driven by a sharp decline in revenue from operations (₹259 Lakh vs ₹165 Lakh) and higher total expenses (₹349 Lakh vs ₹219 Lakh). For the full year FY26, net profit plunged 93.8% to ₹85 Lakh from ₹1,372 Lakh in FY25, as revenue from operations fell 55.9% to ₹1,070 Lakh from ₹2,425 Lakh, while total expenses rose 14.5% to ₹960 Lakh. The board also approved the re-appointment of M/s Batra Neeraj & Associates as internal auditors for FY27.

  • · The board meeting commenced at 13:00 PM and concluded at 14:15 PM on May 26, 2026.
  • · Statutory auditors M/s Mohan Gupta & Co. issued an unmodified (clean) opinion on the standalone financial results.
  • · M/s Batra Neeraj & Associates was re-appointed as internal auditor for FY 2026-27, effective April 1, 2026.
  • · Segment-wise, the finance activities segment reported a loss before tax and interest of ₹183 Lakh for FY26, compared to a loss of ₹198 Lakh in FY25.
  • · The investments activities segment contributed nil revenue in FY26 vs ₹1,639 Lakh in FY25, and nil segment profit vs ₹1,639 Lakh in FY25.
  • · Cash and cash equivalents fell sharply to ₹31 Lakh as at March 31, 2026 from ₹758 Lakh a year earlier.
  • · Loans (financial assets) decreased to ₹7,674 Lakh from ₹9,737 Lakh, while investments increased to ₹17,204 Lakh from ₹15,411 Lakh.
  • · Borrowings (other than debt securities) stood at ₹7,866 Lakh, marginally down from ₹7,908 Lakh.
Scintilla Commercial & Credit Limited Corporate Governance neutral materiality 3/10

26-05-2026

Scintilla Commercial & Credit Limited has informed the stock exchanges that a Board Meeting will be held on Saturday, 30th May 2026, to consider and approve the audited standalone financial results for the fourth quarter and year ended 31st March 2026, appoint an internal auditor for FY 2026-27, and transact other business. The trading window for insiders will remain closed until 48 hours after the declaration of the financial results.

  • · Board meeting date: Saturday, 30th May 2026
  • · Agenda includes: approval of audited standalone financial results for Q4 and FY ended 31st March 2026, appointment of internal auditor for FY 2026-27
  • · Trading window closed for directors, promoters, designated persons, senior management, and their immediate relatives until 48 hours after results declaration
  • · Company scrip codes: BSE - 538857, Calcutta Stock Exchange - 029467
Diamond Power Infrastructure Limited Corporate Governance mixed materiality 8/10

26-05-2026

Diamond Power Infrastructure Limited's Board approved audited financial results for Q4 and FY ended March 31, 2026, with the auditor issuing a qualified opinion due to ongoing reconciliation of Property, Plant & Equipment (PPE) and depreciation methodology. CFO Samir Naik resigned effective May 25, 2026, and was succeeded by Pawan Lohiya, the former Deputy CFO. The audit qualification and leadership change introduce uncertainty, though the internal promotion of the CFO provides some continuity.

  • · Auditor's report contains a qualified opinion due to ongoing PPE register updation and reconciliation, with final value-in-use and remaining useful lives still under process.
  • · Depreciation on pre-NCLT PPE was provided at only 20% of the applicable rate, based on management's estimate of sub-optimal capacity utilization.
  • · The audit qualification has been carried forward from the previous year (FY ended March 31, 2025) and also applied to all quarterly limited reviews during FY2026.
  • · The Board meeting commenced at 12:30 PM IST and concluded at 2:15 PM IST on May 26, 2026.
  • · The company's subsidiary is DICABS Nextgen Special Alloys Private Limited.
Alankit Limited Corporate Governance mixed materiality 8/10

26-05-2026

Alankit Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. However, the auditor highlighted significant emphasis-of-matter items: an income tax demand of ₹17,932.61 lakhs (filed appeal), write-back of trade payables of ₹1,084.17 lakhs and write-off of trade receivables of ₹1,312.65 lakhs, and a ₹5,393.00 lakh payment for property purchase where legal title is yet to be transferred.

  • · Auditor's report includes an unmodified opinion on consolidated financial results.
  • · The group comprises 7 entities: parent and 6 wholly-owned subsidiaries.
  • · Income tax demand of ₹17,932.61 lakhs pertains to assessment years 2011-12 to 2020-21; company has filed appeal and obtained legal opinion that demand is not tenable.
  • · Write-back of trade payables (₹1,084.17 lakhs) and write-off of trade receivables (₹1,312.65 lakhs) had significant impact on the year's results.
  • · ₹5,393.00 lakhs paid for property purchase from a related party; legal title not yet transferred as of reporting date.
  • · Board meeting commenced at 12:30 PM IST and concluded at 2:15 PM IST on May 26, 2026.
Venus Pipes & Tubes Limited Corporate Governance mixed materiality 8/10

26-05-2026

Venus Pipes & Tubes reported audited financial results for Q4 and FY2025-26, with revenue for the quarter ended March 31, 2026 at ₹3,021.95 million (up 17.1% YoY from ₹2,581.36 million) and net profit at ₹254.96 million (up 7.6% YoY from ₹237.05 million). For the full year, revenue grew 21.7% to ₹11,668.48 million and net profit rose 9.8% to ₹1,019.62 million. However, sequential quarterly revenue declined 1.9% from ₹2,966.99 million in Dec 2025, and net profit was nearly flat (down 0.5% QoQ). The Board recommended a final dividend of ₹0.50 per share (5% on face value of ₹10), bringing total FY2025-26 dividend to ₹1 per share.

  • · Audited financial results received an unmodified (clean) audit opinion from statutory auditors Maheshwari & Co.
  • · Board re-appointed BRM & Co. as Internal Auditors and K V M & Co. as Cost Auditors for FY2026-27.
  • · An exceptional item of ₹1.87 million was reversed in Q4 FY2026 related to Labour Codes liability, reducing the total exceptional charge for FY2026 to ₹4.58 million (from ₹6.45 million recognized in earlier quarters).
  • · Total comprehensive income for FY2026 was ₹1,027.17 million vs ₹923.57 million in FY2025, up 11.2%.
  • · Total borrowings (non-current + current) increased to ₹2,855.28 million as at March 31, 2026 from ₹1,915.43 million a year ago, a rise of 49.1%.
  • · Trade receivables grew 35.3% to ₹2,598.58 million from ₹1,920.13 million, while inventories increased 12.9% to ₹3,868.91 million.
  • · Capital work in progress more than doubled to ₹1,236.74 million from ₹665.40 million, indicating ongoing capacity expansion.
  • · Cash flow from operations improved to ₹1,124.16 million from ₹686.59 million in FY2025.
  • · The company allotted 4,20,000 convertible warrants at ₹1,700 per warrant in April 2024; all were converted into equity shares by December 2025, with none outstanding as of March 31, 2026.
  • · Total dividend for FY2025-26 is ₹1 per share (interim + recommended final of ₹0.50 each).
Dhabriya Polywood Limited Corporate Governance mixed materiality 7/10

26-05-2026

Dhabriya Polywood Limited's Board approved audited consolidated financial results for Q4 and FY ended March 31, 2026, showing revenue growth of 12.5% YoY for the full year to ₹26,447.85 Lakh. However, Q4 revenue of ₹6,973.64 Lakh was only 6.2% higher than the preceding quarter, indicating a sequential slowdown. The Board recommended a dividend of ₹0.70 per share and appointed/re-appointed auditors.

  • · The Board meeting commenced at 01:00 PM and concluded at 02:20 PM on May 26, 2026.
  • · Recommended dividend of ₹0.70 per equity share (face value ₹10) for FY26, subject to shareholder approval at the AGM.
  • · Appointment of M/s Gaurav Jain & Associates, Cost Accountant, as Cost Auditor for FY 2026-27.
  • · Re-appointment of Mr. Manohar Sharma, Chartered Accountant, as Internal Auditor.
  • · The consolidated results include three subsidiaries: Polywood Profiles Pvt. Ltd., Dynasty Modular Furnitures Pvt. Ltd., and Polywood Green Building Systems Pvt. Ltd.
  • · One subsidiary reported net cash outflow of ₹178.82 Lakh for the year ended March 31, 2026.
  • · The auditor's report is unmodified (clean opinion) for the consolidated financial results.
Jubilant Ingrevia Limited Corporate Governance neutral materiality 5/10

26-05-2026

Jubilant Ingrevia Limited's Board of Directors, at its meeting on May 26, 2026, recommended a final dividend of 250% (₹2.50 per equity share) for FY2025-26, subject to shareholder approval, and fixed July 24, 2026 as the record date. The Board also approved the re-appointment of M/s J.K. Kabra & Co. as Cost Auditors for FY2026-27. No financial results or period-over-period comparisons were disclosed in this filing.

  • · Board meeting commenced at 11:10 a.m. and concluded at 02:30 p.m. on May 26, 2026.
  • · Dividend payment will be made within 30 days from the date of the Annual General Meeting (AGM), subject to shareholder approval.
  • · Record date for dividend eligibility is Friday, July 24, 2026.
  • · M/s J.K. Kabra & Co. (FRN 00009) is a cost accounting firm with offices in Delhi, Surat, and Mumbai, and has experience in cost audit, inventory valuation, stock audit, and internal audit.
  • · No relationship exists between the cost auditor and any director of the company.
PBA INFRASTRUCTURE LTD. Corporate Governance neutral materiality 3/10

26-05-2026

PBA Infrastructure Ltd. has informed BSE that a Board Meeting will be held on May 30, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons and their relatives has been closed from April 1, 2026, and will remain closed until 48 hours after the declaration of results. No financial figures or performance comparisons are provided in this filing.

  • · Board Meeting scheduled for Saturday, May 30, 2026 at 4:00 p.m. at the company's registered office in Chembur, Mumbai.
  • · Trading window closed from April 1, 2026 for all designated persons and their immediate relatives.
  • · Trading window will reopen 48 hours after the declaration of financial results.
  • · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026, and any other matter with the chair's permission.
Sheraton Properties & Finance Ltd. Corporate Governance neutral materiality 3/10

26-05-2026

Sheraton Properties & Finance Ltd. has informed BSE that its Board of Directors will meet on May 29, 2026 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The trading window for designated persons and their relatives, which was closed from April 1, 2026, will reopen on June 1, 2026, 48 hours after the board meeting. No financial figures or performance data are disclosed in this filing.

  • · Board meeting scheduled for May 29, 2026 to approve audited financial results for Q4 and FY ended March 31, 2026.
  • · Trading window closure period: April 1, 2026 to May 31, 2026 (opens June 1, 2026).
  • · Company's scrip code: 512367 on BSE.
Valley Magnesite Company Limited Corporate Governance negative materiality 8/10

26-05-2026

Valley Magnesite Company reported a net loss of ₹(88.68) lakhs for the quarter ended March 31, 2026, a sharp decline from a net profit of ₹10.09 lakhs in the preceding quarter and a loss of ₹(40.79) lakhs in the same quarter last year. For the full fiscal year ended March 2026, net profit dropped to ₹16.18 lakhs from ₹39.25 lakhs in FY2025, a decline of 58.8%. Total income for the quarter was negative ₹(87.48) lakhs due to other income reversal, versus ₹22.46 lakhs in Q3 FY26. The auditor issued an unmodified opinion, and the Board did not recommend a dividend.

  • · Total expenses for Q4 FY26 increased 145.3% sequentially to ₹19.43 Lakhs from ₹7.92 Lakhs in Q3 FY26.
  • · Other income turned sharply negative at ₹(87.48) Lakhs in Q4 FY26, versus positive ₹22.46 Lakhs in Q3 FY26.
  • · Cash and cash equivalents declined sharply to ₹1.96 Lakhs as at March 31, 2026 from ₹5.98 Lakhs a year ago.
  • · Total assets decreased marginally to ₹940.51 Lakhs as at March 31, 2026 from ₹944.90 Lakhs as at March 31, 2025.
  • · Deferred tax assets reversed from a positive ₹40.77 Lakhs to negative ₹(19.51) Lakhs YoY.
  • · Basic earnings per share for FY2026 fell to ₹1.54 from ₹3.74 in FY2025.
  • · Current liabilities (excluding provisions) were reduced to ₹5.96 Lakhs from ₹27.17 Lakhs YoY.
  • · The Board meeting started at 12:39 PM and concluded at 1:30 PM on May 26, 2026.
Mahamaya Steel Industries Limited Corporate Governance mixed materiality 7/10

26-05-2026

Mahamaya Steel Industries reported a strong year-on-year performance for FY26, with standalone revenue from operations rising to ₹88,284.83 Lakh from ₹80,176.43 Lakh in FY25, a 10.1% increase. Net profit after tax surged to ₹760.07 Lakh from ₹190.75 Lakh, a 298.5% jump. However, the company's cash and cash equivalents declined sharply to ₹11.95 Lakh from ₹75.79 Lakh, and total assets decreased to ₹23,422.73 Lakh from ₹27,027.25 Lakh.

  • · The company redeemed 16,00,000 8% Redeemable Non-Convertible Non-Cumulative Preference Shares of ₹20 each at a premium of ₹10 per share on March 5, 2026, for an aggregate consideration of ₹2,00,00,000.
  • · Electricity duty subsidy receivable of ₹1,105.69 Lakh is recognized as an asset, pending approval from the Commissioner of Industries.
  • · The company has one reportable business segment: Steel Segment.
  • · Appointment of M/s Sanat Joshi & Associates as Cost Auditor and Mr. Subhash Rao as Internal Auditor for FY 2026-27.
  • · Statutory auditors issued an unmodified opinion on the standalone and consolidated financial results.
Patspin India Ltd. Corporate Governance mixed materiality 7/10

26-05-2026

Patspin India Ltd reported a net loss of ₹1,140 lakh (₹11.4 Cr) for FY ended March 31, 2026, widening from a loss of ₹979 lakh (₹9.79 Cr) in FY24-25, a 16.4% decline. Total income was nearly flat at ₹4,866 lakh vs ₹4,883 lakh in the prior year. The company continues to operate only on job work due to lack of working capital, but a debt restructuring proposal is under active discussion with bankers, which management believes could revive own manufacturing. Revenue from operations declined 1.7% YoY to ₹4,652 lakh from ₹4,733 lakh, while exceptional items added a one-time charge of ₹104 lakh related to Labour Code provisions and VRS.

  • · Auditor issued unmodified (clean) opinion on FY26 standalone financials.
  • · Company operates only on job work basis pending approval of restructuring by lenders; own manufacturing has been suspended.
  • · Power charges remained nearly stable at ₹1,911 lakh vs ₹1,901 lakh (flat).
  • · Employee benefits expense increased marginally to ₹1,883 lakh from ₹1,864 lakh YoY.
  • · Finance cost decreased to ₹663 lakh from ₹741 lakh YoY (down 10.5%), partly due to debt reduction.
  • · Non-current borrowings declined to ₹4,125 lakh from ₹5,459 lakh, but current borrowings rose sharply to ₹4,001 lakh from ₹2,667 lakh.
  • · Cash and cash equivalents fell to ₹5 lakh from ₹21 lakh as at March 31, 2025.
  • · Other Equity (negative) worsened to (₹12,700 lakh) from (₹11,587 lakh) a year ago.
  • · Deferred tax assets of ₹3,869.27 lakh continue to be recognized despite accumulated losses, contingent on future profitability post-restructuring.
PRADHIN LIMITED Corporate Governance neutral materiality 3/10

26-05-2026

Pradhin Limited has informed BSE that a Board Meeting is scheduled for May 29, 2026, to consider and approve the standalone audited financial results for the period ended March 31, 2026, along with related party disclosures and a statement on audit qualification or unmodified opinion. No financial figures or performance comparisons are provided in this intimation.

  • · Board Meeting date: Friday, 29th May, 2026
  • · Agenda includes: Standalone Audited Financial Results for period ended 31st March 2026, statement on audit qualification or unmodified opinion, and related party disclosures
  • · Company CIN: L15100TN1982PLC009418
  • · ISIN: INE656B01019
  • · Security Code: 530095
Padam Cotton Yarns Ltd. Corporate Governance neutral materiality 5/10

26-05-2026

Padam Cotton Yarns Ltd. has informed BSE that a Board Meeting will be held on May 30, 2026 to consider and approve the audited financial results for the quarter and year ended March 31, 2026, and to propose a final dividend for FY2025-26. The trading window, closed since April 1, 2026, will reopen 48 hours after the results are declared. No financial figures or period-over-period comparisons are available in this filing.

  • · Board meeting scheduled for Saturday, May 30, 2026 at the corporate office.
  • · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026.
  • · Proposal of final dividend for FY2025-26, subject to shareholder approval at the AGM.
  • · Trading window has been closed since April 1, 2026 and will reopen 48 hours after results are made public.
Generic Engineering Construction and Projects Limited Corporate Governance neutral materiality 2/10

26-05-2026

Generic Engineering Construction and Projects Limited has informed the stock exchanges that a Board Meeting is scheduled for May 29, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The filing is a routine intimation under Regulation 29 of the SEBI Listing Regulations and does not contain any financial data or performance metrics.

  • · Board meeting date: May 29, 2026
  • · Agenda: Approval of standalone and consolidated audited financial results for Q4 and FY ended March 31, 2026
  • · Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015
Palm Jewels Limited Corporate Governance neutral materiality 5/10

26-05-2026

Palm Jewels Limited announced the approval of its audited financial results for the quarter and financial year ended March 31, 2026, at a Board Meeting held on May 26, 2026. The company also declared that the statutory auditor issued an unmodified (clean) opinion on the standalone audited financial results. No specific financial figures or period-over-period comparisons were provided in this filing.

  • · Board meeting commenced at 01:00 P.M. and concluded at 02:30 P.M. on May 26, 2026.
  • · Statutory auditor: Bharat H Shah & Co, Chartered Accountants (Firm Registration No. 101217W).
  • · The auditor's report contains an unmodified opinion on the standalone audited financial results for the quarter and year ended March 31, 2026.
  • · The filing was made under Regulations 30 and 33 of SEBI (LODR) Regulations, 2015.
Responsive Industries Limited Director Resignation neutral materiality 6/10

26-05-2026

Mr. Rishabh Agarwal (DIN: 05011607) has resigned as Non-Executive Non-Independent Director & Chairperson of Responsive Industries Limited, effective May 26, 2026 (end of business hours), citing personal reasons. He has confirmed there are no material reasons for his resignation beyond those mentioned, and he holds no directorships in other listed entities.

  • · Resignation effective date: May 26, 2026 (end of business hours).
  • · Resignation letter date: May 20, 2026.
  • · He has also ceased membership in all board committees where he was a member/chairperson.
  • · No material reasons for resignation other than personal reasons.
  • · No other listed entity directorships held by the resigning director.
Speedage Commercials Ltd. Corporate Governance neutral materiality 3/10

26-05-2026

Speedage Commercials Ltd. has informed BSE that a Board Meeting will be held on May 29, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons, which was closed from April 1, 2026, will reopen on June 1, 2026, 48 hours after the meeting. No financial figures or performance data were disclosed in this filing.

  • · Board meeting scheduled for May 29, 2026 to approve audited financial results for Q4 and FY ended March 31, 2026.
  • · Trading window for designated persons closed from April 1, 2026 and will reopen on June 1, 2026.
Dhunseri Ventures Limited Corporate Governance mixed materiality 7/10

26-05-2026

Dhunseri Ventures Limited's Board approved audited standalone financial results for FY ended March 31, 2026, which report a net loss for the year. The Board recommended a dividend of ₹1.50 per share and approved the re-appointment of Mrs. Aruna Dhanuka as Managing Director and Mr. Sameer Sah as Independent Director for second terms. The company also provided a corporate guarantee for credit facilities of its wholly owned subsidiary, Dhunseri Poly Films Private Limited.

  • · The standalone annual financial results report a net loss for the year ended 31 March 2026, as per the auditor's opinion.
  • · The auditor's report includes an unmodified opinion on the standalone annual financial results.
  • · The Register of Members and share transfer books will be closed from 12 August 2026 to 18 August 2026 for AGM and dividend payment.
  • · The cut-off date for dividend is 11 August 2026.
  • · The 110th Annual General Meeting is scheduled for 19 August 2026 at 11:30 A.M.
  • · Mrs. Aruna Dhanuka's re-appointment as Managing Director is for a second term of 5 years effective from 1 February 2027.
  • · Mr. Sameer Sah's re-appointment as Independent Director is for a second term of 5 years effective from the date of the ensuing AGM.
  • · M/s Dhandhania & Associates was re-appointed as Internal Auditor for FY 2026-27.
  • · The company provided a corporate guarantee for credit facilities of its wholly owned subsidiary, Dhunseri Poly Films Private Limited.
EID Parry India Limited Corporate Governance negative materiality 8/10

26-05-2026

EID Parry India Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company posted a standalone net loss of ₹34,039 Lakh for Q4 FY26 (vs loss of ₹23,170 Lakh in Q4 FY25) and a full-year net loss of ₹70,828 Lakh (vs loss of ₹42,830 Lakh in FY25). Revenue from operations for Q4 FY26 was ₹84,553 Lakh, up 3.9% YoY from ₹81,367 Lakh, while full-year revenue declined 1.5% to ₹3,12,026 Lakh from ₹3,16,812 Lakh. The results include exceptional items of ₹47,753 Lakh in Q4 and ₹82,976 Lakh for the full year, which significantly impacted profitability. The auditors issued an unmodified opinion on both standalone and consolidated financial results.

  • · The Board meeting commenced at 10:00 am and concluded at 2:15 pm on May 26, 2026.
  • · The 51st Annual General Meeting is scheduled for August 12, 2026, via Video Conferencing / Other Audio-Visual Means.
  • · Statutory auditors issued an unmodified opinion on both standalone and consolidated financial results for FY26.
  • · Standalone basic EPS for Q4 FY26 was (₹19.14) vs (₹13.05) in Q4 FY25; for FY26 it was (₹39.83) vs (₹24.12) in FY25.
  • · Total comprehensive loss for FY26 was ₹67,233 Lakh vs ₹39,271 Lakh in FY25.
  • · Finance costs increased to ₹7,371 Lakh in FY26 from ₹6,891 Lakh in FY25.
  • · Depreciation and amortisation expense rose to ₹18,116 Lakh in FY26 from ₹17,534 Lakh in FY25.
  • · Other income for FY26 was ₹44,821 Lakh vs ₹28,888 Lakh in FY25, a significant increase.
  • · Cost of materials consumed increased sharply to ₹2,20,804 Lakh in FY26 from ₹1,84,765 Lakh in FY25.
  • · The company's net worth declined from ₹2,53,976 Lakh to ₹1,87,284 Lakh.
Shyam Telecom Limited Corporate Governance negative materiality 9/10

26-05-2026

Shyam Telecom Limited's Board approved audited financial results for Q4 and FY ending March 31, 2026. The company reported a net loss of ₹35.52 Lakhs for Q4 FY26 (vs ₹54.07 Lakhs loss in Q4 FY25) and a full-year loss of ₹502.03 Lakhs (vs ₹183.75 Lakhs loss in FY25), with revenue from operations remaining nil. The auditor's report includes an Emphasis of Matter noting that net worth is fully eroded, current liabilities substantially exceed current assets, and there is material uncertainty about the company's ability to continue as a going concern.

  • · Board also re-appointed M/s. D R & Associates, Chartered Accountant as Internal Auditor for FY 2026-27.
  • · The audit report contains an 'Emphasis of Matter' stating that net worth is fully eroded, current liabilities substantially exceed current assets, and there is material uncertainty about the company's ability to continue as a going concern.
  • · Long outstanding receivables exist for which approval from statutory authorities is pending; full provisions have been made against them.
  • · Long outstanding payables are in the process of being settled.
  • · The company operates as a single segment (trading in India).
  • · Total Comprehensive Income for the year (including OCI) was a loss of ₹499.97 Lakhs, compared to a loss of ₹184.81 Lakhs in FY25.
  • · Earnings per share (basic and diluted) for FY26 was (₹4.42) vs (₹1.69) in FY25.
Sunrise Industrial Traders Ltd. Corporate Governance neutral materiality 5/10

26-05-2026

Sunrise Industrial Traders Ltd. held a board meeting on May 26, 2026, approving audited standalone financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. No dividend was recommended for FY2026. The 54th AGM is scheduled for July 30, 2026, with book closure from July 23 to July 30, 2026.

  • · Audited standalone financial results for quarter and year ended March 31, 2026 were approved.
  • · Statutory auditors M/s A N Shah & Associates issued an unmodified opinion.
  • · No dividend recommended for FY2026.
  • · 54th AGM to be held on July 30, 2026 at 12:30 p.m. at registered office.
  • · Book closure for AGM from July 23 to July 30, 2026.
  • · Appointment of Mr. Manthan Kishor Negandhi as Scrutinizer for AGM.
  • · Appointment of Mr. Bhavik Shah as Internal Auditor for FY2026-2027.
  • · Board meeting started at 2:00 p.m. and concluded at 2:30 p.m.
PANAFIC INDUSTRIALS LTD Corporate Governance neutral materiality 6/10

26-05-2026

Panafic Industrials Ltd. approved the allotment of 41,06,25,000 fully paid-up equity shares of face value ₹1 each at a price of ₹21 per share under a Rights Issue, increasing paid-up capital from 8,21,25,000 shares to 49,27,50,000 shares. The allotment was finalized in consultation with Skyline Financial Services and approved by BSE Limited.

  • · Rights Issue price per share: ₹21
  • · Face value per share: ₹1
  • · Letter of Offer dated April 11, 2026
  • · Board meeting held on May 26, 2026 from 2:00 p.m. to 2:30 p.m.

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