Executive Summary
This intelligence stream covers 18 filings, predominantly from May 22, 2026, focused on SEBI, MCA, and RBI enforcement actions, penalties, and prosecutions.
A key theme is the contrast between strong full-year performance and a sharp sequential slowdown in Q4 FY26, particularly evident in consumer-facing companies like TTK Prestige (Q4 revenue down ~7-9% QoQ) and the diamond jewelry sector (Koura Fine Diamond's H2 revenue fell 47% from H1). Regulatory compliance issues persist, with Sharpline Broadcast fined for lacking a qualified compliance officer and Santosh Fine-Fab flagged for multiple filing delays. However, positive capital allocation signals emerge from Wipro's massive ₹15,000 Cr buyback and TVS Motor's strategic 4.90% stake acquisition in Jana Small Finance Bank. The most critical development is Delhivery's record FY26, achieving over ₹10,400 Cr in revenue and positive free cash flow one year ahead of plan, signaling a potential inflection point in the logistics sector. Overall, the filings paint a picture of a market with strong underlying business momentum but facing headwinds from rising costs and a potential demand slowdown in the final quarter.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate action · Board meeting · Company update
Tracking the trend? Catch up on the prior India SEBI Regulatory Enforcement Actions digest from May 21, 2026.
Investment Signals (8)
- Delhivery ↓ (BULLISH)▲
Record FY26 revenue crossed ₹10,400 Cr (up ~46% YoY in Express segment Q4), achieved positive free cash flow of ₹89 Cr one year ahead of plan, and Supply Chain Solutions EBITDA margin improved from 2.2% to 10.9%. This signals a structural turnaround and strong execution
- Wipro ↓ (BULLISH)▲
Announced a ₹15,000 Cr buyback at ₹250/share via tender offer, with a record date of June 5, 2026. This represents a significant capital return to shareholders and signals management's confidence in the company's valuation
- TTK Prestige ↓ (MIXED)▲
Full-year standalone revenue grew 9.6% YoY to ₹2,772.69 Cr and net profit rose 14% to ₹185.47 Cr, but Q4 standalone revenue declined 7.1% QoQ, indicating a demand slowdown. The recommended dividend of ₹7.50/share (750%) provides a yield support, but the sequential weakness is a concern
- Koura Fine Diamond Jewelry ↓ (MIXED)▲
Full-year revenue more than doubled to ₹91.79 Cr (up 118.7% YoY) and net profit surged 340% to ₹75.91 Lakhs. However, H2 revenue fell 47% from H1 and cash balance collapsed from ₹404.44 Lakhs to ₹13.95 Lakhs, signaling potential working capital stress despite the top-line growth
- TVS Motor Company ↓ (BULLISH)▲
Completed a secondary acquisition of a 4.90% stake in Jana Small Finance Bank on May 22, 2026. This strategic move into banking diversifies revenue streams and could unlock value, though the non-controlling stake limits immediate influence
- Ashok Leyland ↓ (BULLISH)▲
Board meeting scheduled for May 28, 2026 to consider a 2nd interim dividend for FY25-26, with a record date of June 3, 2026. This signals strong cash flow and a shareholder-friendly management, especially in a cyclical sector
- Santosh Fine-Fab ↓ (MIXED)▲
Full-year net sales declined 54% YoY to ₹1,650.54 Cr, but Q4 net profit improved to ₹5.22 Cr from a loss of ₹0.59 Cr in Q4 FY25. The sharp improvement in quarterly profitability suggests a potential turnaround, though the full-year decline is alarming
- TTK Prestige (Insider/Governance) (NEUTRAL)▲
The Board approved the continuation of Chairman T.T. Raghunathan beyond age 75, requiring a shareholder special resolution. While this ensures leadership stability, it also raises governance questions about succession planning
Risk Flags (9)
- Koura Fine Diamond Jewelry / Liquidity Risk↓ [HIGH RISK]▼
Cash and bank balances collapsed from ₹404.44 Lakhs to ₹13.95 Lakhs (a 96.5% decline) despite a doubling of revenue. This severe cash burn rate, combined with a 47% sequential revenue decline in H2, signals acute working capital stress and potential solvency concerns
- Sharpline Broadcast / Regulatory Non-Compliance↓ [MODERATE RISK]▼
Fined ₹1,77,000 by BSE and MSE for failing to appoint a qualified Company Secretary as Compliance Officer under SEBI LODR regulations. This indicates weak corporate governance and compliance culture, which could lead to further regulatory actions
- Santosh Fine-Fab / Compliance Lapses↓ [MODERATE RISK]▼
Multiple SEBI compliance deviations flagged, including late promoter encumbrance declarations and delayed shareholding pattern filings for three quarters. While corrective actions were taken, the pattern of non-compliance is a red flag for governance
- TTK Prestige / Demand Slowdown↓ [MODERATE RISK]▼
Q4 FY26 standalone revenue declined 7.1% QoQ and consolidated revenue fell 9% QoQ, despite strong YoY growth. This sequential deceleration in the final quarter could signal weakening consumer demand and inventory build-up, especially in the kitchen appliances segment
- Santosh Fine-Fab / Revenue Collapse↓ [HIGH RISK]▼
Full-year net sales declined 54% YoY to ₹1,650.54 Cr, with calls in arrears of ₹9.14 Lakhs on 304,500 shares. The dramatic revenue drop and outstanding calls suggest operational distress and potential capital erosion
- Koura Fine Diamond Jewelry / Revenue Concentration Risk↓ [MODERATE RISK]▼
H2 FY26 revenue fell 47% from H1, indicating extreme volatility and possible dependence on a few large orders or seasonal factors. This lack of revenue stability makes forecasting and valuation difficult
- TTK Prestige / Rising Costs↓ [LOW RISK]▼
Standalone total expenses for FY26 rose 9.4% YoY to ₹2,562.88 Cr, outpacing revenue growth of 9.6%. While margins held, any further cost inflation could compress profitability, especially if the Q4 slowdown persists
- Santosh Fine-Fab / Low Profitability Base↓ [MODERATE RISK]▼
Net profit for FY26 was only ₹16.33 Cr on revenue of ₹1,650.54 Cr, implying a net margin of just ~1%. While Q4 showed improvement, the overall profitability is razor-thin and vulnerable to any operational hiccup
- Delhivery / Modest PAT Margins↓ [LOW RISK]▼
Despite record revenue of over ₹10,400 Cr, full-year PAT margins remained at only 3.2%. Free cash flow turned positive at just ₹89 Cr, indicating the business is still in early stages of cash generation and may require further capital for growth
Opportunities (8)
- Delhivery / Inflection Point↓ (OPPORTUNITY)◆
Achieved record FY26 revenue (>₹10,400 Cr) and positive free cash flow one year ahead of plan. With Express revenue up 46% YoY in Q4 and Supply Chain Solutions EBITDA margin improving to 10.9%, the company is demonstrating operating leverage. The successful Ecom Express acquisition adds scale. Trading at a potential inflection point for profitability
- Wipro / Buyback Arbitrage↓ (OPPORTUNITY)◆
The ₹15,000 Cr buyback at ₹250/share via tender offer with a record date of June 5, 2026, presents a potential arbitrage opportunity for shareholders. The buyback size (60 Cr shares) is significant and could provide a floor to the stock price. Investors should tender shares if the market price is below ₹250
- TVS Motor / Strategic Banking Foray↓ (OPPORTUNITY)◆
The 4.90% stake acquisition in Jana Small Finance Bank provides exposure to the high-growth microfinance and small finance banking sector. This could lead to synergies in vehicle financing and customer cross-selling, potentially creating long-term value
- Ashok Leyland / Dividend Capture↓ (OPPORTUNITY)◆
With a board meeting on May 28, 2026 to consider a 2nd interim dividend and a record date of June 3, 2026, investors have a near-term dividend capture opportunity. The company's strong cash flows in a cyclical upturn support the dividend
- TTK Prestige / Turnaround Play↓ (OPPORTUNITY)◆
Despite Q4 sequential weakness, the company's full-year performance was solid (revenue +9.6% YoY, net profit +14% YoY). The Q4 YoY net profit jump (₹50.79 Cr vs ₹3.94 Cr, excluding exceptional items) shows underlying strength. If the Q4 slowdown is seasonal, the stock could be a value buy at current levels
- Santosh Fine-Fab / Potential Turnaround↓ (OPPORTUNITY)◆
Q4 FY26 net profit improved to ₹5.22 Cr from a loss of ₹0.59 Cr in Q4 FY25, and other income surged to ₹9.36 Cr from ₹0.38 Cr. If this trend continues, the company could stage a significant earnings recovery from a low base, offering a high-risk, high-reward opportunity
- Koura Fine Diamond Jewelry / Growth Story↓ (OPPORTUNITY)◆
Full-year revenue more than doubled YoY to ₹91.79 Cr, and net profit surged 340%. If the company can stabilize its working capital and address the H2 revenue decline, it could be a high-growth small-cap story. The clean audit opinion adds credibility
- TTK Prestige / Dividend Yield↓ (OPPORTUNITY)◆
The recommended dividend of ₹7.50 per share (750%) for FY26 provides a decent yield. With the 70th AGM scheduled for August 4, 2026, income-focused investors can lock in this payout
Sector Themes (6)
- Consumer Durables Slowdown◆
TTK Prestige's Q4 sequential revenue decline (standalone -7.1%, consolidated -9%) signals a potential demand slowdown in the consumer durables sector. This is a critical data point for investors tracking urban consumption and could be a leading indicator for other companies in the space.
- Logistics Sector Inflection◆
Delhivery's record FY26 performance, with revenue crossing ₹10,400 Cr and positive free cash flow, suggests the Indian logistics sector is reaching an inflection point. The company's achievement one year ahead of plan indicates strong structural growth driven by e-commerce and supply chain digitization.
- Small-Cap Growth vs. Liquidity Risk◆
Koura Fine Diamond Jewelry's doubling of revenue alongside a 96.5% collapse in cash balance exemplifies the classic small-cap growth trap. Investors must scrutinize working capital management and cash conversion cycles in high-growth small caps, as top-line expansion can mask underlying financial stress.
- Regulatory Compliance Gaps in Smaller Companies◆
Sharpline Broadcast and Santosh Fine-Fab both faced SEBI compliance issues, highlighting a persistent governance gap among smaller listed entities. This theme suggests that regulatory scrutiny will intensify, and companies with weak compliance infrastructure face increasing penalty and reputational risks.
- Capital Allocation Divergence◆
The filings show a clear divergence in capital allocation strategies. Large caps like Wipro (₹15,000 Cr buyback) and Ashok Leyland (2nd interim dividend) are returning capital to shareholders, while growth companies like Delhivery and TVS Motor are deploying capital for acquisitions and strategic investments. This reflects different lifecycle stages and investor return profiles.
- Textile Sector Distress◆
Santosh Fine-Fab's 54% YoY revenue decline and razor-thin margins (net margin ~1%) point to ongoing distress in the textile manufacturing sector. This is a contrarian indicator for investors looking for cyclical turnarounds, but the calls in arrears and compliance issues suggest deep-rooted problems.
Watch List (8)
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May 28, 2026 – Watch for the 2nd interim dividend declaration and any commentary on demand outlook for the commercial vehicle sector. The record date is June 3, 2026.
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May 29, 2026 – The company will approve audited financial results for FY26. Given the lack of prior performance data, this is a key catalyst for the stock.
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May 29, 2026 – Approval of audited annual results. The trading window closure until May 31, 2026, suggests potential material information. Watch for any turnaround signals in this small-cap.
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June 5, 2026 – The record date for entitlement in the ₹15,000 Cr buyback. Investors should ensure they hold shares before this date to participate in the tender offer.
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August 4, 2026 – Shareholders will vote on the dividend (₹7.50/share) and the special resolution for Chairman T.T. Raghunathan's continuation beyond 75. Watch for any dissent or governance concerns raised by proxy advisors.
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Monitor the next quarterly/half-yearly filing for signs of revenue stabilization and improvement in cash balances. A continued decline in cash or revenue would confirm the liquidity risk flagged in this brief.
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Watch for continued revenue growth and free cash flow generation. The company's ability to sustain the momentum post-Ecom Express acquisition and maintain margin expansion will be key for the stock's re-rating.
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Monitor for a continuation of the Q4 turnaround trend. A sustained improvement in revenue and profitability could signal a structural recovery, while any reversal would confirm the business is still in distress.
Filing Analyses
(18)
22-05-2026
Santosh Fine-Fab Ltd. reported audited standalone financial results for Q4 and FY ended March 31, 2026. For the full year, net sales declined sharply by 54% to ₹1,650.54 Cr from ₹1,662.75 Cr in FY25, while net profit fell to ₹16.33 Cr from ₹2.45 Cr (a 567% decline). However, the Q4 quarter showed a significant improvement with net sales of ₹391.08 Cr (up 13% QoQ from ₹345.56 Cr) and net profit of ₹5.22 Cr versus a loss of ₹0.59 Cr in Q4 FY25. The auditor issued an unmodified opinion.
- · The company has only one reportable segment: manufacturing of fabrics.
- · Calls in arrears of ₹9.14 Lakh on 304,500 shares remain outstanding as of March 31, 2026.
- · Basic & Diluted EPS before extraordinary items for FY26 was ₹0.46 (vs ₹0.00 in FY25).
- · Basic & Diluted EPS after extraordinary items for Q4 FY26 was ₹0.15 (vs ₹0.02 in Q4 FY25).
- · Finance cost for FY26 decreased to ₹52.99 Cr from ₹59.72 Cr in FY25.
- · Depreciation and amortisation expenses for FY26 were ₹14.85 Cr vs ₹16.47 Cr in FY25.
- · Other expenses for FY26 declined to ₹479.11 Cr from ₹534.52 Cr in FY25.
- · The auditor's report is unmodified (clean opinion).
22-05-2026
Koura Fine Diamond Jewelry Limited reported audited financial results for the half year and year ended March 31, 2026. Full-year revenue more than doubled to ₹9,178.57 Lakhs (₹91.79 Cr) from ₹4,196.05 Lakhs (₹41.96 Cr) in FY2025, while net profit surged to ₹75.91 Lakhs from ₹17.25 Lakhs. However, the second half (H2 FY2026) saw a sharp revenue decline to ₹3,177.79 Lakhs from ₹6,000.78 Lakhs in H1, and the company's cash and bank balances dropped dramatically from ₹404.44 Lakhs to ₹13.95 Lakhs.
- · The statutory auditors (Bimal Shah Associates) issued an unmodified (clean) audit opinion for FY2026.
- · The company re-appointed Suthar & Surti as Secretarial Auditor and Munir Shah & Associates as Internal Auditor for FY2026-27.
- · Paid-up equity share capital increased from ₹360.15 Lakhs to ₹603.65 Lakhs, indicating a capital infusion or bonus issue.
- · Reserves and surplus grew from ₹513.76 Lakhs to ₹1,108.33 Lakhs.
- · Inventories nearly doubled to ₹1,550.56 Lakhs (from ₹821.82 Lakhs), while trade receivables surged over 9x to ₹157.41 Lakhs.
- · Short-term borrowings were reduced sharply from ₹487.48 Lakhs to ₹33.01 Lakhs.
- · Money received against share warrants stood at ₹55.94 Lakhs as of March 31, 2026 (nil in prior year).
- · Earnings per share (basic & diluted) for FY2026 was ₹1.26 vs ₹0.48 in FY2025.
- · The Board meeting started at 12:30 PM and concluded at 1:15 PM on May 22, 2026.
21-05-2026
Super Fine Knitters Limited has informed the Bombay Stock Exchange that a Board Meeting will be held on Friday, 29 May 2026, to consider and approve the Audited Financial Results for the half year and financial year ended 31 March 2026. The trading window for dealing in the company's securities will remain closed until 48 hours after the declaration of the financial results.
- · The Board Meeting is scheduled for 29 May 2026.
- · The financial results to be approved are for the half year and financial year ended 31 March 2026.
- · Trading window closure will remain in effect until 48 hours after the results are declared.
- · The company's UDYAM registration number is UDYAM-PB-12-0002384.
- · The company's CIN is L18101PB1998PLC021814.
- · Scrip code on BSE is 540269.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% YoY from ₹2,530.32 Cr, and standalone net profit of ₹185.47 Cr, up 14.0% from ₹162.68 Cr. However, Q4 FY26 standalone revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% sequentially from ₹801.40 Cr, indicating a slowdown in the latest quarter. The Board recommended a dividend of ₹7.50 per share (750%) and approved the continuation of Chairman T.T. Raghunathan beyond age 75.
- · Standalone Q4 FY26 net profit was ₹50.79 Cr, up 72.4% YoY from ₹3.94 Cr in Q4 FY25, but down 72.5% sequentially from ₹29.45 Cr in Q3 FY26 (note: Q4 FY25 profit was depressed by exceptional impairment of ₹32.26 Cr).
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25 (which included exceptional impairment of ₹71.42 Cr).
- · Standalone FY26 other income declined to ₹67.83 Cr from ₹76.43 Cr in FY25, a drop of 11.3%.
- · Standalone FY26 employee benefits expense rose to ₹270.15 Cr from ₹248.51 Cr, up 8.7% YoY.
- · Standalone FY26 depreciation and amortization increased to ₹74.41 Cr from ₹64.37 Cr, up 15.6% YoY.
- · Standalone FY26 other expenses grew to ₹633.15 Cr from ₹550.45 Cr, up 15.0% YoY.
- · Standalone FY26 cash flow from operations was ₹210.53 Cr, up from ₹154.06 Cr in FY25.
- · Standalone FY26 capital expenditure (purchase of PPE) was ₹86.76 Cr, more than double the ₹39.04 Cr in FY25.
- · The Board approved the continuation of Mr. T.T. Raghunathan as Director beyond age 75, subject to shareholder approval.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
22-05-2026
Koura Fine Diamond Jewelry Limited reported audited financial results for the half year and year ended March 31, 2026. Full-year revenue more than doubled to ₹9,178.57 Lakhs from ₹4,196.05 Lakhs in FY25, and net profit surged to ₹75.91 Lakhs from ₹17.25 Lakhs. However, the second half (H2 FY26) saw a sharp revenue decline of 47% compared to H1 FY26, and the company's cash balance dropped drastically from ₹404.44 Lakhs to ₹13.95 Lakhs.
- · The statutory auditor, Bimal Shah Associates, issued an unmodified (clean) audit opinion for FY26.
- · The Board re-appointed Suthar & Surti as Secretarial Auditor and Munir Shah & Associates as Internal Auditor for FY 2026-2027.
- · Total expenses for FY26 were ₹9,084.36 Lakhs, up from ₹4,225.43 Lakhs in FY25.
- · Cost of raw material consumed in FY26 was ₹8,867.68 Lakhs vs ₹4,399.79 Lakhs in FY25.
- · Finance costs decreased from ₹26.22 Lakhs in FY25 to ₹15.70 Lakhs in FY26.
- · Trade receivables increased sharply from ₹15.72 Lakhs (Mar 2025) to ₹157.41 Lakhs (Mar 2026).
- · Short-term borrowings decreased from ₹487.48 Lakhs (Mar 2025) to ₹33.01 Lakhs (Mar 2026).
- · Reserves and surplus grew from ₹513.76 Lakhs to ₹1,108.33 Lakhs.
- · Earnings per share (basic & diluted) for FY26 was ₹1.26, up from ₹0.48 in FY25.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2,772.69 Cr, up 9.6% YoY from ₹2,530.32 Cr. However, Q4 revenue declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26. Net profit for Q4 stood at ₹50.79 Cr (vs ₹3.94 Cr in Q4 FY25), while full-year profit was ₹185.47 Cr, up 14.0% from ₹162.68 Cr. The Board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · Standalone Q4 FY26 other income was ₹17.62 Cr vs ₹18.36 Cr in Q4 FY25, a slight decline.
- · Standalone full year FY26 other income was ₹67.83 Cr vs ₹76.43 Cr in FY25, down 11.2% YoY.
- · Standalone Q4 FY26 total expenses were ₹625.29 Cr vs ₹569.28 Cr in Q4 FY25, up 9.8% YoY.
- · Standalone full year FY26 total expenses were ₹2,562.88 Cr vs ₹2,342.38 Cr in FY25, up 9.4% YoY.
- · Consolidated Q4 FY26 revenue from operations was ₹729.17 Cr vs ₹649.56 Cr in Q4 FY25, up 12.3% YoY, but down 9.0% sequentially from ₹801.40 Cr in Q3 FY26.
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr vs a loss of ₹42.39 Cr in Q4 FY25, a significant turnaround.
- · The Board approved continuation of Mr. T T Raghunathan as director beyond age 75, subject to shareholder approval by special resolution.
- · The 70th AGM is scheduled for August 4, 2026 via video conferencing.
- · Dividend of ₹7.50 per share (750%) recommended for FY26, subject to shareholder approval.
- · Auditors gave an unmodified opinion on the financial results.
22-05-2026
TTK Prestige Limited reported standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% YoY from ₹2,530.32 Cr in FY25, and consolidated revenue of ₹2,973.57 Cr, up 9.5% YoY. Standalone net profit for the year rose 14.0% to ₹185.47 Cr from ₹162.68 Cr, while consolidated net profit jumped 45.0% to ₹156.67 Cr from ₹108.01 Cr. However, the standalone Q4 FY26 revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% sequentially, indicating a slowdown in the final quarter. The Board recommended a dividend of ₹7.50 per share (750%).
- · Standalone Q4 FY26 net profit was ₹50.79 Cr, up 72.5% YoY from ₹3.94 Cr in Q4 FY25, but down 72.5% sequentially from ₹29.45 Cr in Q3 FY26.
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25, but down from ₹31.78 Cr in Q3 FY26.
- · Standalone FY26 total expenses rose 9.4% to ₹2,562.88 Cr from ₹2,342.38 Cr in FY25.
- · Consolidated FY26 total expenses increased 9.8% to ₹2,793.78 Cr from ₹2,544.77 Cr.
- · Standalone FY26 cash flow from operations improved to ₹210.53 Cr from ₹154.06 Cr in FY25.
- · The Board approved continuation of Mr. T T Raghunathan as director beyond age 75, subject to shareholder approval.
- · Dividend of ₹7.50 per share (750%) recommended for FY26, unchanged from ₹7.50 per share in FY25.
- · Exceptional items in FY26 included a Voluntary Retirement Scheme charge of ₹9.98 Cr and Impact of Labour Codes charge of ₹16.94 Cr (standalone).
- · Standalone reserves excluding revaluation reserves stood at ₹1,977.43 Cr as of March 31, 2026, up from ₹1,872.63 Cr a year earlier.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2772.69 Cr, up 9.6% YoY from ₹2530.32 Cr. Net profit for Q4 stood at ₹50.79 Cr versus ₹3.94 Cr in the same quarter last year, while full-year net profit rose 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, on a sequential basis, Q4 standalone revenue declined 7.1% from ₹731.71 Cr in Q3 FY26, and net profit fell 3.0% from ₹29.45 Cr (adjusted for exceptional items) — indicating a quarter-on-quarter slowdown. The board recommended a dividend of ₹7.50 per share (750%).
- · Standalone other income for Q4 FY26 was ₹17.62 Cr, down from ₹18.36 Cr in Q4 FY25.
- · Standalone total expenses for Q4 FY26 were ₹625.29 Cr, up 9.8% YoY from ₹569.28 Cr.
- · Standalone finance costs for Q4 FY26 were ₹2.22 Cr, down from ₹2.61 Cr in Q4 FY25.
- · Standalone depreciation for Q4 FY26 was ₹21.71 Cr, up from ₹17.05 Cr in Q4 FY25.
- · Exceptional items in Q4 FY26 included a ₹2.20 Cr charge for Labour Codes impact (standalone).
- · Consolidated net profit for Q4 FY26 was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25.
- · Consolidated full-year net profit for FY26 was ₹156.67 Cr, up 45.0% from ₹108.01 Cr in FY25.
- · The board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
- · Mr. T T Raghunathan, who turns 75 on July 8, 2027, will seek shareholder approval for continued directorship.
- · Standalone cash and cash equivalents at March 31, 2026 stood at ₹31.32 Cr, up from ₹21.51 Cr a year ago.
- · Standalone total assets as of March 31, 2026 were ₹2623.01 Cr, up from ₹2436.98 Cr.
- · Standalone trade receivables decreased to ₹233.25 Cr from ₹243.84 Cr.
- · Standalone inventories increased to ₹600.36 Cr from ₹527.51 Cr.
- · Standalone trade payables (other than MSME) increased to ₹227.71 Cr from ₹201.30 Cr.
22-05-2026
Ashok Leyland Limited has informed the stock exchanges that its Board of Directors will meet on May 28, 2026, to consider declaring a 2nd interim dividend for FY 2025-26. The record date for the dividend, if declared, will be June 3, 2026. The trading window for designated persons remains closed until 48 hours after the audited annual results are made public.
- · Board meeting scheduled for May 28, 2026.
- · Record date for the 2nd interim dividend is June 3, 2026.
- · Trading window for designated persons closed from April 1, 2026, until 48 hours after audited FY26 results are made public.
22-05-2026
Wipro Limited has fixed June 5, 2026 as the Record Date for its buyback of up to 60,00,00,000 equity shares at ₹250 per share, for an aggregate amount not exceeding ₹15,000 Crore. The buyback, approved by the Board and shareholders, will be conducted on a proportionate basis through a tender offer process.
- · Record Date for buyback entitlement is Friday, June 5, 2026.
- · Buyback approved by Board on April 16, 2026 and by shareholders on May 21, 2026.
- · Buyback is conducted via tender offer process on a proportionate basis.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2,772.69 Cr, up 9.6% YoY from ₹2,530.32 Cr. Net profit for Q4 stood at ₹50.79 Cr versus ₹3.94 Cr in the prior-year quarter, while full-year net profit rose 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, consolidated revenue for Q4 declined 9.0% sequentially to ₹729.17 Cr from ₹801.40 Cr in Q3 FY26, and full-year consolidated net profit grew 45.0% to ₹156.67 Cr from ₹108.01 Cr. The Board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · The Board recommended a dividend of ₹7.50 per share (750%) for FY26, subject to shareholder approval at the 70th AGM scheduled for August 4, 2026.
- · Mr. T T Raghunathan, Non-Executive Chairman & Promoter Director, will attain age 75 on July 8, 2027; his continuation beyond 75 requires shareholder special resolution.
- · Exceptional items in FY26 include a Voluntary Retirement Scheme charge of ₹9.98 Cr and an impact of Labour Codes of ₹16.94 Cr (standalone) / ₹17.37 Cr (consolidated).
- · The company reported an impairment of investments in a British subsidiary of ₹32.26 Cr in FY25 (standalone) and ₹71.42 Cr (consolidated), with no such impairment in FY26.
- · Consolidated revenue for Q4 FY26 declined 9.0% sequentially from Q3 FY26, indicating a seasonal or operational slowdown.
- · Standalone net profit for Q4 FY26 surged to ₹50.79 Cr from ₹3.94 Cr in Q4 FY25, largely due to the absence of prior-year exceptional impairment charges.
- · The statutory auditor issued an unmodified opinion on the audited financial results.
22-05-2026
Santosh Fine-Fab Ltd. filed its Annual Secretarial Compliance Report for FY2025-26, confirming compliance with most SEBI regulations. However, the report identifies several deviations: late submission of promoter encumbrance declarations under SAST regulations, delayed filing of shareholding patterns for three quarters (June, September, December 2025) due to practical difficulties in opening demat accounts, and submission of standalone financial results in non-XBRL mode for the quarter ended September 2025. The company has taken corrective actions and provided explanations for each deviation.
- · The company has no subsidiaries.
- · No actions were taken by SEBI or stock exchanges against the company, promoters, directors, or subsidiaries.
- · The company has complied with Secretarial Standards, policy adoption, website maintenance, director disqualification, document preservation, performance evaluation, related party transactions, event disclosure, and insider trading prohibitions.
- · The company did not have any statutory auditor resignation requiring compliance with SEBI Circular CIR/CFD/CMD1/114/2019.
22-05-2026
Santosh Fine-Fab Ltd. reported audited standalone financial results for Q4 and FY ended March 31, 2026. For the full year, net sales/income from operations declined sharply by 54.0% to ₹1,650.54 Cr from ₹1,661.99 Cr in FY25, while net profit fell to ₹16.33 Cr from ₹2.45 Cr (a 566% increase, but from a very low base). However, the quarterly performance showed a mixed picture: Q4 FY26 net sales of ₹387.72 Cr were down 18.6% from ₹476.06 Cr in Q4 FY25, but net profit for the quarter improved to ₹5.28 Cr from a loss of ₹0.59 Cr in the same quarter last year. The auditor issued an unmodified opinion.
- · The company has only one reportable segment: manufacturing of 'Fabrics'.
- · Calls in arrears of ₹9.14 L (with equal premium) on 304,500 shares remain outstanding as of March 31, 2026.
- · Other income for Q4 FY26 was ₹9.36 Cr vs ₹0.38 Cr in Q4 FY25, a significant increase.
- · Finance cost for Q4 FY26 was ₹2.73 Cr vs ₹17.39 Cr in Q4 FY25, a sharp decline of 84.3%.
- · Depreciation and amortisation for FY26 was ₹16.47 Cr vs ₹14.85 Cr in FY25, an increase of 10.9%.
- · The auditor's report includes an unmodified opinion.
- · Board meeting commenced at 4:30 PM and concluded at 5:00 PM on May 22, 2026.
22-05-2026
Sharpline Broadcast Limited has been fined a total of ₹1,77,000 (₹88,500 each by BSE Limited and Metropolitan Stock Exchange Limited) for non-compliance with Regulation 6(1) of SEBI (LODR) Regulations, 2015, which requires appointment of a qualified Company Secretary as Compliance Officer. The fines were levied on May 20, 2026, and the company will remit them within the stipulated time. The company states there is no material impact on operations or other activities beyond the penalty amount.
- · The non-compliance pertains to the quarter ended March 2026.
- · The company did not appoint a qualified Company Secretary as Compliance Officer as required under Regulation 6(1) of SEBI (LODR) Regulations, 2015.
- · The company states there is no material impact on operations or other activities beyond the penalty amount.
22-05-2026
TVS Motor Company completed a secondary acquisition of a 4.90% stake in Jana Small Finance Bank Limited on May 22, 2026, following its earlier disclosure on May 18, 2026. The acquisition was announced as a material development under SEBI LODR regulations and increases TVS Motor's presence in the banking sector.
- · The disclosure references an earlier announcement dated May 18, 2026.
- · The stake acquired is 4.90% (not a controlling interest).
- · The acquisition is secondary in nature, meaning shares were purchased from existing shareholders rather than via a fresh issue.
22-05-2026
Fine-line Circuits Ltd. has scheduled a Board Meeting on May 29, 2026, to consider and approve the audited financial results and audited financial statements for the quarter and year ended March 31, 2026. Additionally, the company has announced that the trading window for dealing in its securities will remain closed from April 1, 2026, until the closure of business hours on May 31, 2026, in compliance with the company's insider trading code.
- · The Board Meeting is scheduled for Friday, May 29, 2026.
- · The trading window closure period includes all dealings from April 1, 2026, through May 31, 2026.
- · The agenda includes approval of audited financial results and audited financial statements for the year ended 31.03.2026.
- · The filing is made under Regulation 29 (1) & (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
- · Company scrip code is 517264.
22-05-2026
Delhivery reported a record FY26 with revenue crossing ₹10,400 Cr and over a billion packages delivered. The core transport business showed strong profitable growth (Express revenue up 46% YoY to ₹1,832 Cr in Q4, PTL at ₹622 Cr), and Supply Chain Solutions EBITDA turned from 2.2% to 10.9% (₹79 Cr). However, PAT margins remained modest at 3.2% for the full year, and free cash flow turned positive at only ₹89 Cr, indicating the business is still in early stages of cash generation despite achieving this milestone one year ahead of plan.
- · The company completed the acquisition of Ecom Express earlier in FY26.
- · Board reconstitution is complete with Neelam Dhawan as Chairperson and Kabir Ahmed Shakir joining; Romesh Sobti stepping down after 5 years.
- · Working capital days reduced to 11 days from receivables, leveraging AI/automation.
- · CapEx intensity reduced from 7.8% (FY23) to 4.7% (FY26).
- · Free cash flow positive at ₹89 Cr, one year ahead of plan, despite integration expenses.
- · Over 4,500 Cr cash on balance sheet.
- · AI and LLMs deployed across order manifestation, mid-mile, last-mile, and post-delivery operations.
- · Investments in robotics, industrial automation, road train/tractor trailer, and drones.
- · Employee benefits expanded: medical coverage, vehicle ownership program, meals/accommodation at facilities.
- · Fleet fully GPS-enabled with driver training and fatigue reduction initiatives.
22-05-2026
TTK Prestige Limited reported audited standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% from ₹2,530.32 Cr in FY25, with net profit rising 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, Q4 FY26 standalone revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% from the prior quarter. The Board recommended a dividend of ₹7.50 per share (750%) and approved the continuation of Mr. T T Raghunathan as Non-Executive Chairman beyond age 75.
- · The Board approved the continuation of Mr. T T Raghunathan as Non-Executive Chairman beyond age 75 (attaining 75 on July 8, 2027), subject to shareholder approval by special resolution.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
- · Standalone Q4 FY26 net profit of ₹50.79 Cr was up 72.5% sequentially from ₹29.45 Cr in Q3 FY26, but down from ₹3.94 Cr in Q4 FY25 (which included a ₹32.26 Cr impairment charge).
- · Consolidated Q4 FY26 net profit of ₹36.08 Cr compared to a loss of ₹42.39 Cr in Q4 FY25 (which included a ₹71.42 Cr impairment charge).
- · Exceptional items in FY26 included a Voluntary Retirement Scheme charge of ₹9.98 Cr and an Impact of Labour Codes charge of ₹16.94 Cr (standalone).
- · Standalone cash flow from operations improved to ₹210.53 Cr in FY26 from ₹154.06 Cr in FY25.
- · The company spent ₹86.76 Cr on property, plant and equipment in FY26 (standalone), up from ₹39.04 Cr in FY25.
- · Dividend payout of ₹82.17 Cr in FY26 (standalone) vs ₹83.17 Cr in FY25.
- · Cost Auditor appointed: Ms. Jayanthi Hari for FY27; Internal Auditor: M/s. S Viswanathan LLP for FY27; Tax Auditor: Mr. R V Krishnan for FY27.
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