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India Pre-Market Regulatory Roundup — May 22, 2026

India Before-Market Intelligence

By Gunpowder Editorial ·

8 high priority 42 medium priority 50 total filings analysed

Executive Summary

Overnight filings from May 21-22, 2026 reveal a market with stark contrasts: robust wealth management growth at Anand Rathi (revenue +22% YoY, PAT +28% YoY, ROE 46.7%) contrasts with deep distress at Reliance Power (net loss of ₹49,400 lakhs in Q4 vs profit of ₹12,557 lakhs YoY) and a sharp earnings collapse at Arihant Capital (Q4 PAT down 93.5% YoY).

The real estate sector shows a dramatic revenue surge at Prestige Estates (Q4 revenue up 189% YoY to ₹16,968 million), but with auditor emphasis on legal risks. Capital markets activity is intense, with Shah Metacorp launching a ₹49.80 Cr rights issue, Lippi Systems proposing a ₹36.95 Cr preferential warrant issue with a potential change in control, and Reliance Power seeking approval for up to ₹6,000 Cr in equity-linked instruments. A notable pattern of insider trading window closures ahead of results suggests heightened information asymmetry across dozens of companies. The most critical development is Apollo Micro Systems reporting record revenue (₹904 Cr, +61% YoY) and PAT (₹107 Cr, +91% YoY), though its order book of ₹1,432 Cr provides only near-term visibility, creating a binary catalyst on future order inflows.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Corporate governance · Company update · Corporate action · IPO

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from May 21, 2026.

Investment Signals (12)

  • Anand Rathi Wealth ↓ (BULLISH)
    ▲

    Revenue grew 22% YoY to ₹1,198 Cr, PAT up 28% YoY to ₹386 Cr, ROE improved 215 bps to 46.7%. Guided for FY27 revenue of ₹1,415 Cr and PAT of ₹460 Cr, implying 18% and 19% growth respectively. 1:1 bonus issue proposed.

  • Apollo Micro Systems ↓ (BULLISH)
    ▲

    Record Q4 consolidated revenue of ₹904 Cr (+61% YoY) and PAT of ₹107 Cr (+91% YoY). PAT margin at standalone level exceeded 15% target, EBITDA margin expanded to 24%. Working capital cycle improved from 626 days to 359 days, ROCE from 10% to 18%.

  • Prestige Estates Projects ↓ (BULLISH)
    ▲

    Q4 revenue surged to ₹16,968 million from ₹5,876 million YoY (189% growth), full-year revenue rose to ₹40,804 million from ₹28,730 million (42% growth).

  • Laxmi Dental ↓ (BULLISH)
    ▲

    FY26 revenue grew 21.8% YoY to ₹2,060.37 million, finance costs dropped 78.5% YoY to ₹7.83 million, indicating strong deleveraging.

  • Shah Metacorp ↓ (BULLISH)
    ▲

    Rights issue at ₹4.86 per share (36:311 ratio) with record date May 27, 2026. Issue opens June 11, 2026. In-principle approvals from BSE and NSE already received.

  • Lippi Systems ↓ (BULLISH)
    ▲

    Preferential warrant issue at ₹56.84 per warrant to five non-promoter individuals aggregating ₹36.95 Cr, with allottees expected to become promoters post-open offer, signaling a potential change in control and new capital infusion.

  • Reliance Power ↓ (BULLISH)
    ▲

    Board approved raising up to ₹6,000 Cr via equity-linked instruments and up to ₹3,000 Cr via debentures, despite posting a consolidated net loss of ₹49,400 lakhs in Q4. The massive fundraise suggests a potential turnaround/restructuring play.

  • Repco Home Finance ↓ (BEARISH)
    ▲

    FY26 standalone net profit up 0.8% YoY to ₹452.77 Cr, but Q4 standalone net profit declined 3.5% sequentially to ₹129.11 Cr. Board approved raising up to ₹1,500 Cr via NCDs and increasing borrowing limits from ₹15,000 Cr to ₹20,000 Cr.

  • Arihant Capital Markets ↓ (BEARISH)
    ▲

    Q4 consolidated net profit collapsed to ₹49.83 Lacs from ₹770.13 Lacs YoY (-93.5%), full-year PAT fell to ₹3,146.25 Lacs from ₹5,870.28 Lacs (-46.4%). CFO resigned effective May 31, 2026.

  • Laxmi Organic Industries ↓ (BEARISH)
    ▲

    FY26 standalone revenue declined 4.6% YoY to ₹28,085.32 million, net profit fell 32.8% to ₹792.58 million. EPS dropped 33% to ₹2.86. Q4 showed sequential improvement (PAT +13.6% QoQ) but annual trend is concerning.

  • Adani Power ↓ (NEUTRAL)
    ▲

    Completed acquisition of 24% stake in Jaiprakash Power Ventures and a 180 MW thermal plant from Jaiprakash Associates under resolution plan. No financial terms disclosed, but the acquisition adds significant thermal capacity.

  • NGL Fine-Chem ↓ (NEUTRAL)
    ▲

    Board recommended final dividend of ₹1.75 per share (face value ₹5), AGM scheduled for August 25, 2026. Record date August 18, 2026.

Risk Flags (10)

  • Reliance Power↓ [HIGH RISK]
    ▼

    Consolidated net loss of ₹49,400 lakhs in Q4 FY26 vs profit of ₹12,557 lakhs in Q4 FY25, driven by a one-time exceptional impairment charge of ₹38,160 lakhs. Full-year loss of ₹33,689 lakhs vs profit of ₹2,94,783 lakhs in FY25.

  • Arihant Capital Markets↓ [HIGH RISK]
    ▼

    Q4 PAT down 93.5% YoY, full-year PAT down 46.4% YoY. CFO resignation effective May 31, 2026. The company sold its subsidiary Arihant Insurance Broking Services in October 2024 for ₹438.07 Lacs, recognizing a gain of ₹329.90 Lacs as exceptional item, masking underlying weakness.

  • Laxmi Organic Industries↓ [HIGH RISK]
    ▼

    FY26 standalone revenue declined 4.6% YoY, net profit fell 32.8% YoY. Other income declined 39.9% YoY. EPS dropped 33% to ₹2.86. Despite Q4 sequential improvement, the annual trend is deeply negative.

  • Anand Rathi Wealth↓ [MEDIUM RISK]
    ▼

    AUM of ₹93,037 Cr fell short of its own guidance of ₹1,00,000 Cr for FY26. OFA platform client growth was modest at 6% to 1,47,192. The bonus issue resolution saw notable dissent from public institutional shareholders (9.125% against).

  • Prestige Estates Projects↓ [MEDIUM RISK]
    ▼

    Auditor's report includes an emphasis of matter regarding ongoing legal proceedings related to real estate projects and income tax search matters. Total expenses increased significantly alongside revenue growth.

  • Apollo Micro Systems↓ [MEDIUM RISK]
    ▼

    Order book of INR1,432 crore provides only near-term visibility. Management acknowledged the need for substantial new order inflows to sustain superlative revenue growth into FY27-28.

  • Kumbhat Financial Services↓ [MEDIUM RISK]
    ▼

    Board meeting rescheduled from May 22 to May 26, 2026 due to non-finalization of accounts, a potential red flag for accounting issues.

  • Birla Precision Technologies↓ [LOW RISK]
    ▼

    Board meeting rescheduled from May 21 to May 29, 2026 due to unavoidable circumstances, suggesting potential delays in finalizing results.

  • Texmo Pipes and Products↓ [LOW RISK]
    ▼

    Duplicate filings for the same board meeting (May 28, 2026) with slightly different materiality scores (3/10 and 5/10), indicating potential compliance inconsistencies.

  • NGL Fine-Chem↓ [LOW RISK]
    ▼

    Six duplicate filings for the same board meeting results, suggesting potential compliance or reporting inefficiencies.

Opportunities (10)

  • Apollo Micro Systems↓ (OPPORTUNITY)
    ◆

    Record revenue (+61% YoY) and PAT (+91% YoY) with improving margins (EBITDA 24%, PAT 16% at standalone). Working capital cycle improved from 626 days to 359 days, ROCE from 10% to 18%. Zero attrition in R&D team. Trading at attractive valuations given growth trajectory.

  • Anand Rathi Wealth↓ (OPPORTUNITY)
    ◆

    Strong FY26 performance (revenue +22% YoY, PAT +28% YoY, ROE 46.7%) with FY27 guidance implying 18-19% growth. 1:1 bonus issue proposed. The AUM miss (₹93,037 Cr vs ₹1,00,000 Cr guidance) creates a potential buying opportunity if FY27 guidance of ₹1,20,000 Cr AUM is achievable.

  • Prestige Estates Projects↓ (OPPORTUNITY)
    ◆

    Q4 revenue surged 189% YoY, full-year revenue up 42% YoY. Despite legal risks, the operational momentum is strong. The stock may be undervalued if legal proceedings are resolved favorably.

  • Laxmi Dental↓ (OPPORTUNITY)
    ◆

    Revenue grew 21.8% YoY, finance costs dropped 78.5% YoY. The sharp decline in finance costs suggests significant deleveraging, which could drive PAT growth in FY27 even with modest revenue growth.

  • Shah Metacorp↓ (OPPORTUNITY)
    ◆

    Rights issue at ₹4.86 per share (36:311 ratio) with record date May 27, 2026. The issue opens June 11, 2026. In-principle approvals from BSE and NSE already received. Investors may find value if the rights issue is priced attractively relative to market price.

  • Lippi Systems↓ (OPPORTUNITY)
    ◆

    Preferential warrant issue at ₹56.84 per warrant to five non-promoter individuals aggregating ₹36.95 Cr. The allottees are expected to become promoters post-open offer, signaling a potential change in control and new capital infusion. The warrant price of ₹56.84 may be at a discount to market.

  • Reliance Power↓ (OPPORTUNITY)
    ◆

    Despite massive losses, the Board approved raising up to ₹6,000 Cr via equity-linked instruments and up to ₹3,000 Cr via debentures. This could be a turnaround play if the funds are used to revive operations or acquire assets. The appointment of Dr. Avinash Gupta (PhD in Taxation) as Independent Director adds governance credibility.

  • Repco Home Finance↓ (OPPORTUNITY)
    ◆

    FY26 EPS of ₹72.37 (standalone) and ₹75.99 (consolidated), with a final dividend of ₹3 per share. The company is raising up to ₹1,500 Cr via NCDs and increasing borrowing limits to ₹20,000 Cr, indicating growth plans. The sequential Q4 decline may be temporary.

  • United Spirits↓ (OPPORTUNITY)
    ◆

    Investors' call transcript filed on May 21, 2026 for the call held on May 15, 2026. The transcript may contain valuable insights into management's outlook for the spirits industry.

  • DCM Shriram↓ (OPPORTUNITY)
    ◆

    CFO and Head Treasury & IR attending the 16th Annual Investor Conference 'TRINITY INDIA 2026' on May 27, 2026 in Mumbai. This could generate analyst interest and potential upgrades.

Sector Themes (6)

  • Wealth Management Outperformance (SECTOR THEME)
    ◆

    Anand Rathi Wealth reported 22% revenue growth and 28% PAT growth with ROE of 46.7%, significantly outperforming the broader financial sector. The 1:1 bonus issue and FY27 guidance of 18-19% growth suggest sustained momentum in wealth management.

  • Real Estate Revenue Surge vs Legal Risks (SECTOR THEME)
    ◆

    Prestige Estates reported 189% QoQ revenue growth, but the auditor's emphasis of matter on legal proceedings highlights the sector's risk-reward profile. Investors should weigh operational momentum against regulatory and legal overhangs.

  • Capital Raising Wave (SECTOR THEME)
    ◆

    Multiple companies announced significant capital raising plans: Reliance Power (up to ₹6,000 Cr equity + ₹3,000 Cr debentures), Shah Metacorp (₹49.80 Cr rights issue), Repco Home Finance (₹1,500 Cr NCDs + increased borrowing limits), and Lippi Systems (₹36.95 Cr preferential warrants). This suggests a broad-based need for capital across sectors.

  • Defense/Aerospace Growth (SECTOR THEME)
    ◆

    Apollo Micro Systems reported record revenue (+61% YoY) and PAT (+91% YoY) with improving margins. The zero attrition in R&D team and improved ROCE (10% to 18%) indicate strong execution in the defense sector.

  • Chemicals Sector Weakness (SECTOR THEME)
    ◆

    Laxmi Organic Industries reported revenue decline of 4.6% YoY and PAT decline of 32.8% YoY, indicating headwinds in the specialty chemicals space. The Q4 sequential improvement (+13.6% QoQ PAT) may signal a bottom, but the annual trend is concerning.

  • Financial Services Divergence (SECTOR THEME)
    ◆

    Wealth management (Anand Rathi) is outperforming, while capital markets (Arihant Capital) is underperforming sharply. Housing finance (Repco) shows stable but slow growth. This divergence suggests investors should be selective within financial services.

Watch List (8)

  • Anand Rathi Wealth↓ (WATCH)
    👁

    Watch for AUM trajectory towards FY27 guidance of ₹1,20,000 Cr. The 1:1 bonus issue record date and AGM outcome need monitoring.

  • Apollo Micro Systems↓ (WATCH)
    👁

    Order book of ₹1,432 Cr provides only near-term visibility. Watch for new order inflows that will determine if the 61% revenue growth is sustainable into FY27-28.

  • Reliance Power↓ (WATCH)
    👁

    Watch for details on the ₹6,000 Cr equity-linked fundraise and ₹3,000 Cr debenture issue. The company's turnaround strategy and use of funds will be critical.

  • Shah Metacorp↓ (WATCH)
    👁

    Rights issue opens June 11, 2026, record date May 27, 2026. Watch for the rights entitlement price relative to market price and subscription levels.

  • Lippi Systems↓ (WATCH)
    👁

    EGM on June 14, 2026 to approve preferential warrant issue. Watch for the open offer price and timeline for the change in control.

  • Prestige Estates Projects↓ (WATCH)
    👁

    Watch for resolution of legal proceedings highlighted in the auditor's emphasis of matter. Any positive development could be a significant catalyst.

  • Arihant Capital Markets↓ (WATCH)
    👁

    CFO resignation effective May 31, 2026. Watch for the appointment of a new CFO and any strategic changes. The sharp earnings decline warrants close monitoring.

  • Apollo Hospitals Enterprise↓ (WATCH)
    👁

    Meeting of unsecured creditors on June 24, 2026 to approve a composite scheme of arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech. Watch for the outcome and implications for the group structure.

Filing Analyses (50)
Anand Rathi Wealth Limited Corporate Governance mixed materiality 8/10

21-05-2026

Anand Rathi Wealth Ltd held its 31st AGM on May 21, 2026, where management presented FY26 results and FY27 guidance. Total revenue grew 22% YoY to ₹1,198 Cr (excluding fair value gains and ESOP costs), profit after tax rose 28% YoY to ₹386 Cr, and ROE improved 215 bps to 46.7%. However, AUM of ₹93,037 Cr fell short of the company's own guidance of ₹1,00,000 Cr for FY26, and OFA platform client growth was modest (6% increase to 1,47,192). The company guided for FY27 revenue of ₹1,415 Cr, PAT of ₹460 Cr, and AUM of ₹1,20,000 Cr.

  • · Five resolutions passed at the AGM: adoption of financial statements, dividend approval, re-appointment of Mr. Anand Rathi, increase in authorized share capital, and approval for bonus equity shares.
  • · The company had a 1:1 bonus issue in FY25 and proposes another 1:1 bonus issue subject to shareholder approval.
  • · Interim dividend for FY26 was ₹6.0 per share (₹49.81 Cr) and final dividend proposed ₹7.0 per share (₹58.11 Cr), total ₹13.0 per share (₹107.93 Cr).
  • · Digital Wealth AUM grew only 1.7% YoY to ₹2,218 Cr, indicating flat growth in that segment.
  • · OFA platform clients grew only 3% YoY to 1,47,192, suggesting slower retail adoption.
  • · Statutory and secretarial audit reports contained no qualifications, reservations, or adverse remarks.
  • · The meeting was conducted via video conferencing with no physical attendance.
  • · 191 members attended the AGM.
  • · The company has guided for FY27 revenue of ₹1,415 Cr, PAT of ₹460 Cr, and AUM of ₹1,20,000 Cr.
  • · Historical CAGR: Revenue 23%, PAT 31%, AUM 26% (FY19 to FY26).
Texmo Pipes and Products Limited Corporate Governance neutral materiality 3/10

21-05-2026

Texmo Pipes and Products Limited has informed the stock exchanges that a Board Meeting is scheduled on May 28, 2026, to consider and take on record the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window for designated persons will remain closed until June 1, 2026, in compliance with insider trading regulations.

  • · Board Meeting scheduled for Thursday, May 28, 2026 at 04:00 P.M. at the Registered Office.
  • · Agenda includes consideration of Audited Standalone and Consolidated Financial Results for Q4 and FY ended March 31, 2026.
  • · Trading Window closed from March 31, 2026 until June 1, 2026.
  • · ISIN: INE141K01013, BSE Code: 533164, NSE Symbol: TEXMOPIPES.
Adani Power Limited Company Update neutral materiality 7/10

21-05-2026

Adani Power Limited has completed the acquisition of power-related assets and investments from Jaiprakash Associates Limited (JAL), including a 24% stake in Jaiprakash Power Ventures Limited (JPVL) and a 180 MW thermal power plant in Churk along with an 11.49% stake in Prayagraj Power Generation Company Limited. The acquisitions were consummated on May 21, 2026, under the approved resolution plan for JAL. No financial terms or performance metrics were disclosed in this filing.

  • · The acquisitions were completed under the approved resolution plan for Jaiprakash Associates Limited.
  • · The filing references a prior intimation on the morning of May 21, 2026, regarding the signing of definitive agreements.
  • · No financial consideration or valuation details were provided in this filing.
Texmo Pipes and Products Limited Corporate Governance neutral materiality 5/10

21-05-2026

Texmo Pipes and Products Limited has informed the exchanges that a Board Meeting is scheduled on May 28, 2026, to consider and take on record the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window remains closed until June 1, 2026, in compliance with insider trading regulations.

  • · Board meeting scheduled for Thursday, 28th May 2026 at 04:00 P.M. at the Registered office.
  • · Agenda includes consideration of audited standalone and consolidated financial results for Q4 and FY ended 31st March 2026.
  • · Trading window closed from 31st March 2026 until 01st June 2026.
Repco Home Finance Limited Corporate Governance mixed materiality 8/10

21-05-2026

Repco Home Finance reported a 0.8% YoY increase in standalone net profit to ₹452.77 Cr for FY26, while consolidated net profit rose 0.9% to ₹475.42 Cr. However, Q4 standalone net profit declined 3.5% sequentially to ₹129.11 Cr from ₹133.30 Cr in Q3 FY26. The Board recommended a final dividend of ₹3 per share (30%) and approved raising up to ₹1,500 Cr via NCDs and ₹1,000 Cr via CPs, along with increasing borrowing limits from ₹15,000 Cr to ₹20,000 Cr.

  • · Standalone EPS for FY26: Basic ₹72.37 (FY25: ₹71.80); Diluted ₹72.37 (FY25: ₹71.80)
  • · Consolidated EPS for FY26: Basic ₹75.99 (FY25: ₹75.33); Diluted ₹75.99 (FY25: ₹75.33)
  • · Standalone total comprehensive income for FY26: ₹451.20 Cr (FY25: ₹448.14 Cr)
  • · Consolidated total comprehensive income for FY26: ₹473.54 Cr (FY25: ₹470.18 Cr)
  • · Standalone impairment on financial instruments (credit) for FY26: ₹31.07 Cr (FY25: ₹37.57 Cr credit)
  • · Standalone finance costs for FY26: ₹984.18 Cr (FY25: ₹965.86 Cr), up 1.9% YoY
  • · Standalone employee benefits expense for FY26: ₹148.50 Cr (FY25: ₹119.92 Cr), up 23.8% YoY
  • · Standalone other expenses for FY26: ₹73.97 Cr (FY25: ₹60.21 Cr), up 22.8% YoY
  • · Standalone cash and cash equivalents as at Mar 31, 2026: ₹287.19 Cr (Mar 31, 2025: ₹136.20 Cr)
  • · Standalone net cash used in operating activities for FY26: ₹896.20 Cr (FY25: ₹613.70 Cr used)
  • · Standalone net cash from financing activities for FY26: ₹988.22 Cr (FY25: ₹408.19 Cr)
  • · Standalone total assets as at Mar 31, 2026: ₹16,308.45 Cr (Mar 31, 2025: ₹14,727.50 Cr)
  • · Standalone total equity as at Mar 31, 2026: ₹3,904.90 Cr (Mar 31, 2025: ₹3,506.88 Cr)
  • · Standalone debt securities as at Mar 31, 2026: ₹273.22 Cr (Mar 31, 2025: nil)
  • · Standalone other financial liabilities as at Mar 31, 2026: ₹162.47 Cr (Mar 31, 2025: ₹62.16 Cr), up 161%
  • · Standalone provisions as at Mar 31, 2026: ₹29.11 Cr (Mar 31, 2025: ₹14.40 Cr), up 102%
  • · Standalone right-of-use assets as at Mar 31, 2026: ₹48.53 Cr (Mar 31, 2025: ₹36.76 Cr), up 32%
  • · Standalone deferred tax asset (net) as at Mar 31, 2026: ₹107.14 Cr (Mar 31, 2025: ₹131.93 Cr), down 18.8%
  • · Standalone investments as at Mar 31, 2026: ₹136.63 Cr (Mar 31, 2025: ₹211.23 Cr), down 35.3%
  • · Dividend of ₹3 per share (30% of face value) recommended for FY26, subject to shareholder approval
  • · Board approved raising up to ₹1,500 Cr via NCDs and ₹1,000 Cr via CPs on private placement
  • · Board approved increasing borrowing limits from ₹15,000 Cr to ₹20,000 Cr under Section 180(1)(c)
  • · Mr. Vaidyanathan S Iyer appointed as Internal Auditor for FY26-27
  • · Audit report contains unmodified opinion
  • · Related party transactions disclosure for half year ended March 31, 2026 provided
GMM Pfaudler Limited Analyst/Investor Meet neutral materiality 1/10

21-05-2026

GMM Pfaudler Limited has made available the audio recording of its Q4 FY26 earnings conference call, held on May 21, 2026, to discuss audited standalone and consolidated financial results for the period ended March 31, 2026. The filing does not contain any financial figures, so no performance metrics or period-over-period comparisons are available.

  • · Earnings conference call audio recording is available at https://www.gmmpfaudler.com/file/Concall-GMM-Pfaudler-Limited-21052026.mp3
  • · Call was held at 6:00 p.m. IST on May 21, 2026
Precision Electronics Ltd. Corporate Governance neutral materiality 3/10

21-05-2026

Precision Electronics 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 remains closed until 48 hours after the results are declared.

  • · Board meeting scheduled for May 29, 2026.
  • · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026.
  • · Trading window closed for designated persons until 48 hours after results declaration.
Kumbhat Financial Services Ltd. Corporate Governance neutral materiality 3/10

21-05-2026

Kumbhat Financial Services Ltd. has rescheduled its Board Meeting from May 22, 2026 to May 26, 2026, due to non-finalization of accounts. The meeting will consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The trading window remains closed for designated persons and their immediate relatives until 48 hours after the results are declared.

  • · The original Board Meeting was scheduled for May 22, 2026, as per prior intimation dated May 18, 2026.
  • · The rescheduled meeting is now on Tuesday, May 26, 2026.
  • · The postponement is due to non-finalization of accounts.
  • · Trading window remains closed for designated persons and their immediate relatives until 48 hours after the declaration of audited financial results.
Arihant Capital Markets Limited Corporate Action negative materiality 8/10

21-05-2026

Arihant Capital Markets reported a sharp decline in Q4 FY26 consolidated net profit to ₹49.83 Lacs from ₹770.13 Lacs in Q4 FY25, while full-year net profit fell to ₹3,146.25 Lacs from ₹5,870.28 Lacs. The Board recommended a dividend of ₹0.50 per share and accepted the resignation of the CFO effective May 31, 2026.

  • · The Board accepted the resignation of the CFO effective May 31, 2026.
  • · The registered office will shift within Indore from 601 to 603 Atlantis Tower.
  • · The company sold its subsidiary Arihant Insurance Broking Services Limited on October 24, 2024 for ₹438.07 Lacs, recognizing a gain of ₹329.90 Lacs as exceptional item.
  • · 50,00,000 convertible warrants were issued at ₹68.50 per warrant to promoter group and subsequently converted into equity shares.
Craftsman Automation Limited Analyst/Investor Meet neutral materiality 1/10

21-05-2026

Craftsman Automation Limited held one-on-one physical meetings with UTI Mutual Fund, Nippon Mutual Fund, and Enam Holdings on May 21, 2026. No unpublished price sensitive information was shared during these interactions.

  • · Meetings were held on May 21, 2026.
  • · Three one-on-one physical meetings occurred: UTI Mutual Fund (2:00-3:00 PM IST), Nippon Mutual Fund (3:45-4:45 PM IST), Enam Holdings (5:15-6:15 PM IST).
  • · No unpublished price sensitive information was shared.
U. Y. Fincorp Limited Corporate Governance neutral materiality 3/10

21-05-2026

U. Y. Fincorp Limited has scheduled a Board Meeting on May 27, 2026 to consider and approve the audited financial results for the year ended March 31, 2026. The trading window for designated persons and their immediate relatives will remain closed until 48 hours after the results are submitted to stock exchanges.

  • · Board meeting date: May 27, 2026
  • · Trading window closure for designated persons until 48 hours after results submission
  • · Company formerly known as Golden Goenka Fincorp Limited
  • · Company codes: UYFINCORP (NSE), 530579 (BSE)
PAKKA LIMITED Corporate Governance neutral materiality 5/10

21-05-2026

Pakka Limited has informed the stock exchanges that a Board Meeting will be held on May 26, 2026 to consider and approve a proposal for raising funds through the issuance of Secured Unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The trading window for insiders has been closed since April 1, 2026 and will remain closed until 48 hours after the approval and publication of the audited financial results for the quarter and year ended March 31, 2026. No separate trading window closure is required for this agenda, though it may be extended.

  • · Board meeting scheduled for May 26, 2026 via Video Conferencing.
  • · Trading window has been closed since April 1, 2026 and will remain closed until 48 hours after the approval and publication of audited financial results for Q4 and FY ended March 31, 2026.
  • · The notice is also available on the company's website at https://www.pakka.com.
NGL Fine-Chem Limited Regulatory Action neutral materiality 6/10

21-05-2026

NGL Fine-Chem Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹1.75 per equity share (face value ₹5) and approved the reappointment of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director. The 45th AGM is scheduled for August 25, 2026 via VC/OAVM, with record date August 18, 2026.

  • · The Board meeting commenced at 6:30 p.m. and concluded at 8:45 p.m. on May 21, 2026.
  • · Register of Members and share transfer books will remain closed from August 19, 2026 to August 25, 2026 (both days inclusive).
  • · M/s. KD Practice Consulting Pvt. Ltd. appointed as Internal Auditors for FY 2026-27.
  • · M/s. Sanghavi Randeria & Associates appointed as Cost Auditor for FY 2026-27.
  • · The consolidated results include the wholly owned subsidiary Macrotech Polychem Pvt. Ltd.
  • · The auditor's report includes an unmodified opinion on both standalone and consolidated financial results.
Anand Rathi Wealth Limited Corporate Governance mixed materiality 6/10

21-05-2026

Anand Rathi Wealth Limited held its 31st Annual General Meeting on May 21, 2026, where all five resolutions were passed with requisite majority. Resolutions included adoption of financial statements, approval of final dividend and confirmation of interim dividend, re-appointment of Mr. Anand Nandkishore Rathi as a director, increase in authorized share capital, and issuance of bonus equity shares. While most resolutions received near-unanimous support, the bonus issue resolution saw notable dissent from public institutional shareholders (9.125% against), and the re-appointment of Mr. Rathi also faced 2.83% opposition from the same category.

  • · Total outstanding shares as on record date: 83,020,634
  • · Total votes polled on Resolution 1: 52,987,051 (63.82% of outstanding)
  • · Promoter group holds 35,793,579 shares (43.11% of total outstanding)
  • · Public institutions hold 13,163,182 shares (15.85% of total outstanding)
  • · Public non-institutions hold 34,063,873 shares (41.03% of total outstanding)
  • · Remote e-voting period: May 16-20, 2026; record date: May 13, 2026
  • · No shareholders attended in person or by proxy; all attendance was via video conferencing
Laxmi Organic Industries Limited Corporate Governance mixed materiality 8/10

21-05-2026

Laxmi Organic Industries reported a mixed performance for FY26. Standalone revenue declined 4.6% YoY to ₹28,085.32 million, while net profit fell 32.8% to ₹792.58 million. However, Q4 FY26 standalone revenue grew 1.3% sequentially to ₹7,233.31 million and profit after tax rose 13.6% QoQ to ₹225.20 million. The Board recommended a final dividend of ₹0.30 per share and appointed Mr. Amit Jain as CFO effective June 16, 2026.

  • · Standalone EPS (basic) for FY26 fell to ₹2.86 from ₹4.27 in FY25, a decline of 33.0%.
  • · Consolidated EPS (basic) for FY26 fell to ₹2.87 from ₹4.10 in FY25, a decline of 30.0%.
  • · Standalone other income declined 39.9% YoY to ₹151.94 million in FY26.
  • · Standalone finance cost increased 9.7% YoY to ₹216.36 million in FY26.
  • · Standalone depreciation and amortisation dropped 38.7% YoY to ₹750.98 million in FY26 (likely due to asset life reassessment or impairment).
  • · The Board approved re-appointment of M/s B. J. D. Nanabhoy & Company as Cost Auditors for FY26-27.
  • · The 37th Annual General Meeting is scheduled for August 5, 2026 via video conferencing.
  • · Record date for final dividend is July 21, 2026.
NGL Fine-Chem Limited Regulatory Action neutral materiality 6/10

21-05-2026

NGL Fine-Chem Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹1.75 per equity share (face value ₹5) and set the 45th AGM for August 25, 2026 via video conferencing. Key appointments include the reappointment of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director, subject to shareholder approval.

  • · The Board meeting commenced at 6:30 p.m. and concluded at 8:45 p.m. on May 21, 2026.
  • · Record date for AGM and dividend payment is August 18, 2026.
  • · Register of Members and share transfer books will remain closed from August 19 to August 25, 2026.
  • · The consolidated results include the wholly owned subsidiary Macrotech Polychem Pvt. Ltd.
  • · The auditor's report includes an unmodified opinion on both standalone and consolidated financial results.
  • · The Q4 FY2026 figures are balancing figures between audited full-year results and unaudited nine-month figures.
Birla Precision Technologies Ltd Corporate Governance neutral materiality 3/10

21-05-2026

Birla Precision Technologies Ltd has rescheduled its Board Meeting from May 21, 2026 to May 29, 2026 due to unavoidable circumstances. The meeting will consider the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommend a final dividend on equity shares.

  • · Original board meeting was scheduled for May 21, 2026 and was intimated on May 19, 2026.
  • · Rescheduled board meeting will be held on May 29, 2026.
  • · Agenda includes approval of audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, and recommendation of final dividend.
NGL Fine-Chem Limited Regulatory Action neutral materiality 6/10

21-05-2026

NGL Fine-Chem Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, and recommended a final dividend of ₹1.75 per equity share. The Board also approved reappointments of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director, subject to shareholder approval. The 45th AGM is scheduled for August 25, 2026 via video conferencing.

  • · The Board meeting commenced at 6:30 p.m. and concluded at 8:45 p.m. on May 21, 2026.
  • · Record date for AGM and dividend payment is August 18, 2026.
  • · Register of Members and share transfer books will be closed from August 19 to August 25, 2026.
  • · M/s. KD Practice Consulting Pvt. Ltd. appointed as Internal Auditors for FY 2026-27.
  • · M/s. Sanghavi Randeria & Associates appointed as Cost Auditor for FY 2026-27.
  • · Mr. Rajesh Lawande's reappointment as Whole-Time Director is for five years effective June 1, 2026.
  • · Mrs. Sarala Menon's reappointment as Independent Director is for five years effective December 14, 2026.
  • · The consolidated results include the wholly owned subsidiary Macrotech Polychem Pvt. Ltd.
  • · The auditor's report includes an unmodified opinion on both standalone and consolidated financial results.
Lippi Systems Ltd. Corporate Governance neutral materiality 7/10

21-05-2026

Lippi Systems Ltd. has called an Extraordinary General Meeting (EGM) on June 14, 2026, to seek shareholder approval for increasing authorized share capital from ₹10,00,00,000 (₹10 Cr) to ₹15,00,00,000 (₹15 Cr) and to issue up to 65,00,000 convertible equity warrants on a preferential basis to five non-promoter individuals (Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamrashi Dholu, Jagruti Vinesh Dholu, Parul Jagdish Dholu) at ₹56.84 per warrant, aggregating ₹36,94,60,000 (₹36.95 Cr). The warrants carry a tenure of 18 months and are part of a broader plan that includes an open offer under SEBI (SAST) Regulations, with the allottees expected to become promoters post-open offer.

  • · The EGM is scheduled for Sunday, June 14, 2026 at 11:30 AM IST at the registered office in Ahmedabad.
  • · The relevant date for calculating the floor price of equity shares upon warrant conversion is May 15, 2026.
  • · A valuation report dated May 18, 2026 from Procurve Valux Private Limited (IBBI registered valuer) was obtained to determine the warrant price.
  • · 25% of the warrant issue price must be paid on or before allotment; the remaining 75% at the time of exercise.
  • · Warrant holders cannot convert warrants into equity shares within 3 months from the closure of the tendering period of the open offer under SEBI (SAST) Regulations.
  • · Unexercised warrants will lapse after 18 months from allotment, and the subscription amount paid will be forfeited.
  • · The proposed allottees are currently non-promoters but will become promoters post-open offer.
Reliance Power Limited Corporate Governance mixed materiality 9/10

21-05-2026

Reliance Power Limited reported a consolidated net loss of ₹49,400 lakhs for the quarter ended March 31, 2026, compared to a profit of ₹12,557 lakhs in the same quarter last year, primarily due to a one-time exceptional impairment charge of ₹38,160 lakhs on property, plant, and equipment. For the full fiscal year 2026, the company posted a net loss of ₹33,689 lakhs, a sharp decline from a profit of ₹2,94,783 lakhs in FY25, which had benefited from a ₹3,23,042 lakh gain on deconsolidation of a subsidiary. The Board approved raising up to ₹6,000 crore via equity-linked instruments and up to ₹3,000 crore via debentures, alongside appointing Dr. Avinash Gupta as an Independent Director and M/s Kailash Chand Jain & Co. as the new Statutory Auditor.

  • · The Board meeting commenced at 06:00 P.M. and concluded at 07:30 P.M. on May 21, 2026.
  • · Dr. Avinash Gupta holds a PhD in Taxation and an LLM in International Taxation from Vienna University, Austria, and is a Fellow Member of ICAI.
  • · M/s Kailash Chand Jain & Co. is empanelled with multiple regulatory bodies including RBI, C&AG, CBI, SFIO, and NIA.
  • · The auditor's report includes unmodified opinions on standalone financial results and a statement of impact of audit qualifications on consolidated results.
  • · Total assets remained nearly flat at ₹41,29,259 lakhs as of March 31, 2026, compared to ₹41,28,292 lakhs as of March 31, 2025.
  • · Finance costs for FY26 decreased to ₹1,66,621 lakhs from ₹2,05,586 lakhs in FY25, a decline of 19.0%.
  • · Depreciation and amortization expense for FY26 was ₹82,921 lakhs, down from ₹90,967 lakhs in FY25.
  • · Trade receivables decreased to ₹1,31,010 lakhs as of March 31, 2026 from ₹1,52,139 lakhs a year earlier.
  • · Basic EPS from continuing operations for FY26 was negative ₹0.817, compared to positive ₹7.337 in FY25.
Prestige Estates Projects Limited Corporate Governance mixed materiality 8/10

21-05-2026

Prestige Estates Projects Limited's Board approved audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for the quarter surged to ₹16,968 million from ₹5,876 million in the same quarter last year, while full-year revenue rose to ₹40,804 million from ₹28,730 million. However, total expenses also increased significantly, and the company faces ongoing legal proceedings related to real estate projects and income tax matters, as highlighted by the auditor's emphasis of matter.

  • · Auditor's report includes an emphasis of matter regarding ongoing legal proceedings related to real estate projects and income tax search matters.
  • · The audit reports were issued with an unmodified opinion.
  • · The Board meeting commenced at 3:45 PM and concluded at 9:00 PM.
  • · Ms. Uzma Irfan has been redesignated as Whole-Time Director for 5 years from May 21, 2026 to May 20, 2031, subject to shareholder approval.
  • · Total expenses for the quarter ended March 31, 2026 were ₹16,277 million, compared to ₹7,389 million in the same quarter last year.
  • · Finance costs for the year ended March 31, 2026 were ₹6,636 million, up from ₹5,659 million in the prior year.
Redtape Limited Analyst/Investor Meet neutral materiality 3/10

21-05-2026

Redtape Limited announced it will host an earnings call on May 26, 2026 at 17:00 hrs to discuss its Q4 FY26 and full-year financial results. The call will feature management including Mr. Arvind Verma (Whole Time Director) and Mr. Vivek Agnihotri (CFO). No financial figures or performance data were disclosed in this filing.

  • · Earnings call scheduled for May 26, 2026 at 17:00 hrs IST
  • · Pre-registration facility available for express join without operator wait
  • · International toll-free numbers provided for USA, UK, Singapore, and Hong Kong
  • · Company operates an asset-light business model with strategic vendor partnerships
  • · Retail footprint: 542 exclusive stores across 289 cities in 20 states and 4 union territories
EPIC Energy Ltd. Corporate Governance neutral materiality 3/10

21-05-2026

Epic Energy Ltd. has informed BSE that a Board Meeting is scheduled on May 28, 2026 to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The trading window for directors and designated persons remains closed from April 1, 2026 through May 30, 2026.

  • · Board meeting date: May 28, 2026
  • · Trading window closure period: April 1, 2026 to May 30, 2026 (both days inclusive)
  • · Scrip code: 530407, Symbol: EPIC
  • · Registered office: Office No.206, A-Wing, Gokul Arcade, Swami Nityanand Road, Vile Parle (East), Mumbai 400 057
  • · CIN: L67120MH1991PLC063103
NGL Fine-Chem Limited Regulatory Action neutral materiality 6/10

21-05-2026

NGL Fine-Chem Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹1.75 per equity share and approved the reappointment of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director, subject to shareholder approval. The 45th AGM is scheduled for August 25, 2026 via video conferencing.

  • · The Board meeting commenced at 6:30 p.m. and concluded at 8:45 p.m. on May 21, 2026.
  • · Record date for AGM and final dividend is August 18, 2026.
  • · Register of Members and share transfer books will remain closed from August 19 to August 25, 2026.
  • · M/s. KD Practice Consulting Pvt. Ltd. appointed as Internal Auditors for FY 2026-27.
  • · M/s. Sanghavi Randeria & Associates appointed as Cost Auditor for FY 2026-27.
  • · Mr. Rajesh Lawande's reappointment as Whole-Time Director is effective from June 1, 2026.
  • · Mrs. Sarala Menon's reappointment as Independent Director is effective from December 14, 2026.
  • · The consolidated results include the wholly owned subsidiary Macrotech Polychem Pvt. Ltd.
  • · The auditor's report includes an unmodified opinion on both standalone and consolidated financial results.
Maan Aluminium Limited Corporate Governance neutral materiality 3/10

21-05-2026

Maan Aluminium Limited has informed the stock exchanges that a board meeting will be held on May 29, 2026, to consider and approve the audited financial statements and results for the quarter and fiscal year ended March 31, 2026. The trading window has been closed since April 1, 2026, and will remain closed until 48 hours after the results announcement. No financial figures or performance data are provided in this filing.

  • · Board meeting scheduled for May 29, 2026 at 12:30 PM.
  • · Trading window closed from April 1, 2026 until 48 hours after results announcement.
  • · Meeting agenda includes approval of audited financial statements for Q4 and FY ended March 31, 2026.
DCM Shriram Limited Analyst/Investor Meet neutral materiality 2/10

21-05-2026

DCM Shriram Limited has informed the stock exchanges that its CFO and Head Treasury & Investor Relations will attend the 16th Annual Investor Conference 'TRINITY INDIA 2026' organized by 360 ONE Capital (B&K) on May 27, 2026, in Mumbai. The discussions will be limited to information already filed with the exchanges, including the audited financial results for Q4 and FY ended March 31, 2026, and the related concall transcript. No new financial data or forward-looking statements are disclosed in this filing.

  • · The meeting is scheduled for May 27, 2026, in Mumbai.
  • · Interaction type: In-person meeting with analysts/investors.
  • · Discussion content is restricted to previously filed information, including the Investor Presentation on audited results for the quarter and year ended March 31, 2026, and the concall held on May 15, 2026.
  • · The filing is made under Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015.
NGL Fine-Chem Limited Regulatory Action neutral materiality 6/10

21-05-2026

NGL Fine-Chem Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹1.75 per equity share (face value ₹5) and set the 45th AGM for August 25, 2026 via video conferencing. Key appointments include the reappointment of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director, subject to shareholder approval.

  • · The Board meeting commenced at 6:30 p.m. and concluded at 8:45 p.m. on May 21, 2026.
  • · Record date for AGM and dividend payment is August 18, 2026.
  • · Register of Members and share transfer books will be closed from August 19 to August 25, 2026.
  • · Mr. Rajesh Lawande's reappointment as Whole-Time Director is for five years effective June 1, 2026.
  • · Mrs. Sarala Menon's reappointment as Independent Director is for five years effective December 14, 2026.
  • · M/s. KD Practice Consulting Pvt. Ltd. appointed as Internal Auditors for FY 2026-27.
  • · M/s. Sanghavi Randeria & Associates appointed as Cost Auditor for FY 2026-27.
  • · The auditor's report includes an unmodified opinion on both standalone and consolidated financial results.
Humming Bird Education Limited Corporate Governance neutral materiality 3/10

21-05-2026

Humming Bird Education Limited has informed BSE that a Board Meeting is scheduled for May 27, 2026, to consider and approve the audited standalone and consolidated financial results for the half year and year ended March 31, 2026. No financial figures or performance data are provided in this filing.

  • · Board meeting scheduled for May 27, 2026.
  • · Agenda includes approval of audited standalone and consolidated financial results for half year and year ended March 31, 2026.
  • · Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015.
  • · Company scrip code: 542592.
NGL Fine-Chem Limited Regulatory Action neutral materiality 6/10

21-05-2026

NGL Fine-Chem Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹1.75 per equity share and set the 45th AGM for August 25, 2026 via video conferencing. Key appointments include the reappointment of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director, subject to shareholder approval.

  • · The Board approved the appointment of M/s. KD Practice Consulting Pvt. Ltd. as Internal Auditors for FY 2026-27.
  • · The Board approved the appointment of M/s. Sanghavi Randeria & Associates as Cost Auditor for FY 2026-27.
  • · The Register of Members and Share Transfer Books will remain closed from August 19, 2026 to August 25, 2026.
  • · The Record date for AGM and dividend payment is August 18, 2026.
  • · The Board meeting commenced at 6:30 p.m. and concluded at 8:45 p.m. on May 21, 2026.
  • · The consolidated results include the wholly owned subsidiary Macrotech Polychem Pvt. Ltd.
Vallabh Steels ltd Corporate Governance neutral materiality 3/10

21-05-2026

Vallabh Steels Ltd has scheduled a Board Meeting on May 28, 2026 to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons is closed from April 1, 2026 to June 1, 2026, reopening on June 2, 2026. No financial figures or performance comparisons are provided in this filing.

  • · Board meeting date: May 28, 2026
  • · Trading window closure period: April 1, 2026 to June 1, 2026
  • · Trading window reopening date: June 2, 2026
  • · Meeting will consider audited financial results for Q4 and FY ended March 31, 2026
FLOMIC GLOBAL LOGISTICS LIMITED Corporate Governance neutral materiality 3/10

21-05-2026

Flomic Global Logistics Limited's Board of Directors met on May 21, 2026, and approved the audited financial results for Q4 and the fiscal year ended March 31, 2026, reappointed M/s S.N. & Co. as internal auditor for FY 2026-27, and reconstituted the Nomination and Remuneration Committee. The filing provides governance updates but does not include any financial figures or performance data, making it a routine compliance disclosure.

  • · Board meeting commenced at 7:15 PM and concluded at 9:20 PM on May 21, 2026.
  • · M/s S.N. & Co. (FRN 128887W) reappointed as internal auditor for FY 2026-27, effective May 21, 2026.
  • · Nomination and Remuneration Committee reconstituted with four members: Suresh Shivanna Salian (Chairperson), Ananda Baban Ghungarde, Anita Lancy Barboza, and Anthonypaul Kennedy Chettiar.
  • · No relationships disclosed between the internal auditor firm and company directors.
Infosys Limited Company Update neutral materiality 2/10

21-05-2026

Infosys Limited has filed its Annual Secretarial Compliance Report for the fiscal year ended March 31, 2026, as required under Regulation 24A of SEBI's Listing Regulations. The report has been submitted to BSE and NSE and will be made available on the company's website. No financial figures or performance metrics are disclosed in this filing.

  • · Filing is an Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • · Report covers the fiscal year ended March 31, 2026.
  • · Report will be hosted on the company's website at www.infosys.com.
Softbpo Global Services Ltd. Corporate Governance neutral materiality 3/10

21-05-2026

IDream Film Infrastructure Company Limited has informed BSE that its Board of Directors will meet on May 26, 2026 to consider and approve the audited financial results (standalone and consolidated) for the quarter ended March 31, 2026. The trading window for designated persons, which was closed, will reopen on May 28, 2026, 48 hours after the board meeting. No financial figures or performance comparisons are provided in this filing.

  • · Board meeting scheduled for May 26, 2026 to approve audited financial results for Q4 FY26 (quarter ended March 31, 2026).
  • · Trading window closed since last board meeting and will remain closed until 48 hours after the May 26 meeting.
  • · Trading window will open on May 28, 2026.
Shah Alloys Limited Corporate Governance neutral materiality 3/10

21-05-2026

Shah Alloys 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 and consolidated financial results for the quarter and financial year ended 31st March 2026. The trading window for designated persons has been closed since 1st April 2026 and will remain closed until 48 hours after the results are filed.

  • · Board Meeting date: Saturday, 30th May 2026
  • · Agenda: Consider & approve Audited Standalone and Consolidated Financial Results for Q4 and FY ended 31st March 2026
  • · Trading window closure period: 1st April 2026 until 48 hours after results approval and filing
  • · Previous intimation regarding trading window was dated 26th March 2026
Anand Rathi Wealth Limited Corporate Governance positive materiality 8/10

21-05-2026

Anand Rathi Wealth Limited held its 31st Annual General Meeting on May 21, 2026, where shareholders approved the adoption of audited financial statements for FY2025-26, confirmed an interim dividend of Rs.6 per share (aggregating Rs.49.81 Crore) and declared a final dividend of Rs.7 per share (aggregating Rs.58.11 Crore). Additionally, shareholders approved an increase in authorized share capital from Rs.50 Crore to Rs.100 Crore and authorized the issuance of bonus shares in a 1:1 ratio by capitalizing up to Rs.41,51,03,170 from retained earnings and free reserves.

  • · The AGM was conducted through Video Conferencing/Other Audio Visual Means.
  • · Remote e-voting was open from May 16, 2026 to May 20, 2026.
  • · Mr. Anand Nandkishore Rathi was re-appointed as a Non-Executive Director liable to retire by rotation.
  • · Bonus shares will be issued in the ratio of 1:1, i.e., one bonus equity share for every one equity share held.
  • · The bonus shares will rank pari-passu with existing equity shares.
Laxmi Dental Limited Corporate Governance mixed materiality 6/10

21-05-2026

Laxmi Dental Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. For FY26, total income rose 23.2% YoY to ₹2,165.82 million, while profit after tax decreased 25.0% to ₹193.37 million, impacted by exceptional items and higher expenses. The Board meeting was held on May 21, 2026, and the auditors issued an unmodified opinion.

  • · Revenue from operations (sales) for FY26 was ₹2,060.37 million, up 21.8% from ₹1,691.57 million in FY25.
  • · Employee benefits expenses for FY26 were ₹788.78 million, up 29.2% YoY from ₹610.61 million.
  • · Finance costs dropped significantly to ₹7.83 million in FY26 from ₹36.50 million in FY25, a decline of 78.5%.
  • · Total comprehensive income for FY26 was ₹194.24 million, down 23.0% from ₹252.27 million in FY25.
  • · Basic EPS for FY26 was ₹3.52 vs ₹4.92 in FY25, a decline of 28.5%.
  • · The company reported a net loss of ₹18.90 million in Q3 FY26, compared to a profit of ₹67.98 million in Q4 FY26.
  • · Exceptional items of ₹51.56 million were recorded in the year ended March 31, 2026 (note 4 and 5), versus ₹70.27 million in FY25.
  • · Deferred tax assets (net) stood at ₹62.82 million as of March 31, 2026, up from ₹58.09 million a year ago.
  • · Other equity increased to ₹2,360.58 million as of March 31, 2026 from ₹2,117.45 million a year ago.
Allied Digital Services Limited Corporate Governance neutral materiality 6/10

21-05-2026

Allied Digital Services Limited announced audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹ 1.50 per equity share and approved the re-appointment of internal auditors as well as the re-appointment of two Non-Executive Independent Directors and one Executive Director for second/five-year terms, pending shareholder approval.

  • · The Board meeting started at 03:15 PM IST and concluded at 08:50 PM IST on May 21, 2026.
  • · M/s. K P M R & Co., Chartered Accountants re-appointed as Internal Auditors for FY 2026-27.
  • · Shakti Kumar Leekha recommended for re-appointment as Non-Executive Independent Director for a second term from Jan 20, 2027 to Jan 19, 2032.
  • · Anup Kumar Mahapatra recommended for re-appointment as Non-Executive Independent Director for a second term from May 18, 2027 to May 17, 2032.
  • · Sunil Bhatt recommended for re-appointment as Executive Director for a term from May 18, 2027 to May 17, 2032.
  • · None of the recommended directors are debarred by SEBI or any other authority.
  • · The financial results carry a modified audit opinion (impact statement enclosed).
  • · No specific financial figures (revenue, profit, etc.) were disclosed in this outcome letter.
Lippi Systems Ltd. Corporate Governance neutral materiality 8/10

21-05-2026

Lippi Systems Ltd. has called an Extraordinary General Meeting (EGM) on June 14, 2026, to seek shareholder approval for two special resolutions: increasing authorized share capital from ₹10 Crore to ₹15 Crore, and issuing up to 65,00,000 convertible equity warrants on a preferential basis to five non-promoter individuals (Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamrashi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu) at ₹56.84 per warrant, aggregating to ₹36,94,60,000. The warrants have an 18-month tenure and 25% of the consideration is payable upfront. Post-open offer, the allottees are expected to become promoters, indicating a potential change in control.

  • · The EGM is scheduled for June 14, 2026 at 11:30 AM IST at the registered office in Ahmedabad.
  • · The warrant issue price of ₹56.84 was determined based on a valuation report dated May 18, 2026 from Procurve Valux Private Limited, an IBBI-registered valuer.
  • · The relevant date for calculating the floor price of equity shares upon conversion is May 15, 2026.
  • · Warrants have a tenure of 18 months from allotment; unexercised warrants will lapse and the upfront payment will be forfeited.
  • · The allottees have agreed not to convert warrants into equity shares within 3 months after the closure of the open offer tendering period.
  • · The proposed allottees are currently non-promoters but will become promoters post-open offer.
  • · The equity shares issued upon conversion will rank pari-passu with existing equity shares.
Shah Metacorp Limited Corporate Governance neutral materiality 8/10

21-05-2026

Shah Metacorp Limited's Board of Directors approved a rights issue of up to 102,469,136 equity shares at ₹4.86 per share (including a premium of ₹3.86), aggregating up to ₹4,980 Lakhs. The record date is May 27, 2026, with the issue opening on June 11, 2026, and closing on June 24, 2026. The rights entitlement ratio is 36 shares for every 311 held. The board meeting also adjourned to May 22, 2026, to consider appointment of a Secretarial Auditor for FY 2025-26.

  • · The rights issue is fully paid-up equity shares of face value ₹1 each.
  • · The rights entitlement ratio is 36 equity shares for every 311 held.
  • · On-market renunciation period runs from June 11, 2026 to June 22, 2026.
  • · Off-market renunciation must be completed before the issue closing date.
  • · The ISIN for rights entitlement is INE482J20021.
  • · The board meeting commenced at 08:00 PM IST and concluded at 09:40 PM IST.
  • · The board meeting was adjourned to May 22, 2026 for appointment of Secretarial Auditor for FY 2025-26.
Sabrimala Industries India Limited Corporate Governance neutral materiality 5/10

21-05-2026

Sabrimala Industries India Limited submitted audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, approved by the Board on May 21, 2026. The statutory auditors, Suresh & Associates, issued an unmodified (clean) opinion on both standalone and consolidated results, indicating no material misstatements. The filing includes results for the parent company and its associate, Sabrimala Industries LLP, but no specific financial figures or period-over-period comparisons were provided in the filing.

  • · The Board meeting commenced at 05:00 P.M. and concluded at 07:10 P.M. on May 21, 2026.
  • · The statutory auditors expressed an unmodified opinion on both standalone and consolidated financial results for the quarter and year ended March 31, 2026.
  • · The consolidated results include the parent company and its associate, Sabrimala Industries LLP.
  • · The results are available on the company's website at http://sabrimala.co.in/.
  • · The company's registered office is at 109-A (First Floor), Surya Kiran Building, 19, Kasturba Gandhi Marg, New Delhi-110001.
Allied Digital Services Limited Corporate Action neutral materiality 6/10

21-05-2026

Allied Digital Services Limited announced audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The Board recommended a dividend of ₹1.50 per equity share (face value ₹5) for FY2026, subject to shareholder approval. Additionally, the Board approved re-appointment of internal auditors, and recommended re-appointment of two independent directors and one executive director for second terms.

  • · Board meeting held on May 21, 2026, from 03:15 PM to 08:50 PM IST.
  • · Re-appointment of M/s. K P M R & Co. as Internal Auditors for FY2026-27.
  • · Re-appointment of Shakti Kumar Leekha as Independent Director for second term from Jan 20, 2027 to Jan 19, 2032.
  • · Re-appointment of Anup Kumar Mahapatra as Independent Director for second term from May 18, 2027 to May 17, 2032.
  • · Re-appointment of Sunil Bhatt as Executive Director for 5 years from May 18, 2027 to May 17, 2032.
  • · All director re-appointments subject to shareholder approval by special resolution at the ensuing AGM.
  • · Dividend payment within 30 days of AGM if approved.
Shah Metacorp Limited Corporate Governance neutral materiality 8/10

21-05-2026

Shah Metacorp Limited's Board approved a rights issue of up to 102,469,136 equity shares at ₹4.86 per share (including a premium of ₹3.86), aggregating up to ₹4,980 Lakh. The record date is May 27, 2026, with the issue opening on June 11, 2026, and closing on June 24, 2026. The rights entitlement ratio is 36 shares for every 311 held.

  • · The Board meeting commenced at 08:00 PM IST and concluded at 09:40 PM IST on May 21, 2026.
  • · The Board adjourned to May 22, 2026, to consider appointment of Secretarial Auditor for FY 2025-26 to fill a casual vacancy.
  • · In-principle approvals from BSE and NSE were received on May 14, 2026.
  • · On-market renunciation period runs from June 11, 2026 to June 22, 2026.
  • · The ISIN for Rights Entitlement is INE482J20021.
WSFX Global Pay Limited Analyst/Investor Meet neutral materiality 1/10

21-05-2026

WSFX Global Pay Limited informed BSE that the audio recording of the conference call held on May 21, 2026, regarding the company's performance for the quarter and financial year ended March 31, 2026, has been made available on its website. The filing is a procedural disclosure under SEBI regulations and contains no financial figures or performance details.

  • · Conference call held on May 21, 2026 at 05:00 PM IST.
  • · Audio recording available at https://s3.ap-south-1.amazonaws.com/files.wsfx.in/pdf/corporate-governance/InvestorsPresentation/2026/21-05-2026.mp3
  • · Previous intimation submitted on May 13, 2026.
Shah Metacorp Limited Corporate Governance neutral materiality 8/10

21-05-2026

Shah Metacorp Limited's Board approved a rights issue of up to 102,469,136 equity shares at ₹4.86 per share (including a premium of ₹3.86), aggregating up to ₹4,980 Lakh. The record date is May 27, 2026, with the issue opening on June 11, 2026, and closing on June 24, 2026. The rights entitlement ratio is 36 shares for every 311 held. The Board meeting also adjourned to May 22, 2026, to consider appointment of a Secretarial Auditor for FY 2025-26.

  • · Rights entitlement ratio: 36 rights equity shares for every 311 fully paid-up equity shares held as of record date.
  • · Record date: May 27, 2026.
  • · Rights issue opening date: June 11, 2026; closing date: June 24, 2026 (subject to extension up to 30 days from opening).
  • · On-market renunciation period: June 11, 2026 to June 22, 2026.
  • · ISIN for rights entitlement: INE482J20021.
  • · Board meeting adjourned to May 22, 2026 to consider appointment of Secretarial Auditor for FY 2025-26.
United Spirits Limited Analyst/Investor Meet neutral materiality 1/10

21-05-2026

United Spirits Limited filed a transcript of its investors' call for the financial results ended March 31, 2026, with the BSE and NSE on May 21, 2026. The transcript is available on the company's website. No financial figures or performance metrics are disclosed in this filing.

  • · The filing is a regulatory submission under Regulation 30(6) of SEBI LODR Regulations, 2015.
  • · The investors' call was held on Friday, 15th May 2026.
  • · The transcript link is provided in the filing.
Allied Digital Services Limited Corporate Action neutral materiality 6/10

21-05-2026

Allied Digital Services Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, and recommended a dividend of ₹1.50 per equity share (face value ₹5) for FY26, subject to shareholder approval. The Board also approved the re-appointment of internal auditors and recommended the re-appointment of two Non-Executive Independent Directors and one Executive Director for second/five-year terms. No specific financial figures (revenue, profit, etc.) were disclosed in this filing, so period-over-period performance cannot be assessed.

  • · Board meeting commenced at 03:15 PM IST and concluded at 08:50 PM IST on May 21, 2026.
  • · Re-appointment of M/s. K P M R & Co. as Internal Auditors for FY 2026-27.
  • · Shakti Kumar Leekha re-appointed for second term from Jan 20, 2027 to Jan 19, 2032.
  • · Anup Kumar Mahapatra re-appointed for second term from May 18, 2027 to May 17, 2032.
  • · Sunil Bhatt re-appointed as Executive Director from May 18, 2027 to May 17, 2032.
  • · All three directors are not debarred by SEBI or any other authority.
  • · Audit report includes modified opinion; Statement on Impact of Audit Qualifications enclosed.
Affordable Robotic & Automation Limited Corporate Governance neutral materiality 5/10

21-05-2026

Affordable Robotic & Automation Limited has scheduled a Board Meeting for May 30, 2026, to approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The meeting will also consider the appointment of Mr. Vivek Mukherjee as Cost Auditor for FY 2026-27. No financial figures or performance comparisons are provided in this intimation.

  • · Board meeting date: May 30, 2026 at 4:00 PM IST at the Registered Office in Pune.
  • · Agenda includes approval of audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
  • · Proposed appointment of Mr. Vivek Mukherjee as Cost Auditor for FY 2026-27.
  • · Further disclosures will be made after the meeting conclusion as per SEBI LODR regulations.
Laxmi Organic Industries Limited IPO Listing neutral materiality 5/10

21-05-2026

Laxmi Organic Industries Limited confirmed no deviation in the utilization of its IPO proceeds for the quarter ended March 31, 2026, as per the Monitoring Agency Report by Axis Bank. The total IPO issue size was ₹8,000 Mn (₹5,000 Mn fresh issue and ₹3,000 Mn offer for sale), with net proceeds of ₹4,843.78 Mn after offer expenses. All funds have been fully utilized across the stated objects, including investment in YFCPL, capital expenditure, working capital, loan repayment, and general corporate purposes.

  • · The IPO was issued on March 15, 2021, with a total issue size of ₹8,000 Mn (₹5,000 Mn fresh issue and ₹3,000 Mn offer for sale).
  • · Net proceeds after offer expenses were ₹4,843.78 Mn, higher than the originally estimated ₹4,799.94 Mn due to savings of ₹43.58 Mn in issue expenses.
  • · The actual utilization towards loan repayment was lower by ₹63.94 Mn, which was reallocated to general corporate purposes, keeping it within the 25% limit.
  • · All funds have been fully utilized as of March 31, 2026, with no unutilized proceeds remaining.
  • · The monitoring agency confirmed no deviation, no change in means of finance, and no major deviation from earlier reports.
Apollo Micro Systems Limited Analyst/Investor Meet mixed materiality 9/10

21-05-2026

Apollo Micro Systems reported its highest-ever quarterly and annual revenue for Q4 FY26 and FY26, with consolidated revenue surging 61% YoY to INR904 crore and PAT growing 91% to INR107 crore. The company achieved a PAT margin of 16% at standalone level (exceeding its 15% target) and expanded EBITDA margin to 24%. However, the order book of INR1,432 crore provides only near-term visibility, and management acknowledged the need for substantial new order inflows to sustain the superlative revenue growth into FY27-28.

  • · Working capital cycle improved from 626 days in FY21 to 359 days in FY26.
  • · ROCE improved from 10% in FY21 to 18% in FY26.
  • · Zero attrition in R&D team during FY26.
  • · Received DPIIT license covering UAVs, INS systems, radars, torpedoes, underwater mines, ATGM, decoys, chaffs and flares, aerial bombs, rockets, missiles, and loitering munition.
  • · Received transfer of technology for directed energy weapons including laser-based DEW and electro-optical tracking systems.
  • · Additional acquisition by subsidiary Apollo Defence Industries expected to be completed before end of FY27.
  • · Industrial license for TNT and RDX obtained through IDL Explosives.
  • · Tripartite alliance with Indian Navy, IIT Chennai, and AMS; MoU with GRSE.
  • · First export order received during FY26.
  • · Greenfield expansion in Telangana and successful fundraise during FY26.
Apollo Hospitals Enterprise Limited Company Update neutral materiality 6/10

21-05-2026

Apollo Hospitals Enterprise Limited has convened a meeting of its unsecured creditors on June 24, 2026, to seek approval for a composite scheme of arrangement involving Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited. The meeting, ordered by the NCLT Chennai Bench, will be held via video conferencing, with remote e-voting from June 20 to June 23, 2026. The filing provides extensive annexures including audited financials, valuation reports, and shareholding patterns, but does not disclose any financial performance metrics or period-over-period comparisons.

  • · The meeting is scheduled for Wednesday, June 24, 2026 at 11:00 AM IST via VC/OAVM.
  • · Cut-off date for eligibility of unsecured creditors is December 31, 2025.
  • · Remote e-voting period: June 20, 2026 (9:00 AM IST) to June 23, 2026 (5:00 PM IST).
  • · The scheme involves a demerger of Apollo Hospitals into Apollo Healthtech Limited and mergers of Apollo Healthco Limited and Keimed Private Limited.
  • · The notice includes 50 annexures covering audited accounts, valuation reports, fairness opinion, and shareholding patterns.
  • · Earlier disclosures on this scheme were made on multiple dates from June 30, 2025 to May 8, 2026.

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