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India Stock Market Daily Regulatory Digest — May 11, 2026

Daily India Market Intelligence

By Gunpowder Editorial ·

3 high priority 47 medium priority 50 total filings analysed

Executive Summary

Across 50 filings for May 11, 2026, FY26 results dominate with 12 companies reporting audited financials, showing mixed trends: average revenue growth of ~12% YoY (e.g., NDR Auto +15.4%, Privi Speciality +implied via assets +16.6%, Ponni Sugars +15%, Ramkrishna Forgings +28% Q4) but PAT volatility (Ponni +149% on exceptional gain, JTL -11%, Heritage -16.9%) driven by one-offs, taxes, and cash declines (NDR -73.8%, Privi -16.2%, common theme in 7/12 reporters).

Dividend recommendations signal shareholder returns confidence (9 companies: Privi 100%, NDR 40%, Ponni 50%), with 15+ AGMs/earnings calls clustered May-June-July creating near-term catalysts. Chemicals (Privi multiples) and auto components (NDR, Ramkrishna) outperform on growth, while metals/pipes (JTL -6.2% rev) lag; operational expansions (Jagatjit model shift, ideaForge +595% Q4 rev) and M&A (L.T. Elevator +97% rev, JTL Defence stake) highlight growth bets. Cash burn from capex (NDR ₹6Cr high) and negative CFO (JTL) flag liquidity risks amid rising borrowings (Privi +24%). Portfolio implication: Rotate to dividend payers and order-book rich names (ideaForge ₹310Cr OB) ahead of May earnings deluge; sector rotation from sugars (mixed post-exceptional) to defence/auto.

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

Filing types in this digest: Corporate action · Corporate governance · IPO · M&A · Insolvency · Open offer · Debt securities

Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from May 10, 2026.

Investment Signals (11)

  • Revenue +15.4% YoY to ₹82,254L, PAT +17.7% to ₹5,305L, 40% dividend ₹4/share, but capex ₹6,154L

  • **Privi Speciality Chemicals** (multiple filings) (BULLISH)

    Assets +16.6% YoY to ₹288,310L, equity +30.6-31.7% to ₹140-144K L, 100% dividend ₹10/share despite cash -16.2%

  • **Ponni Sugars (Erode)** (multiple) (BULLISH)

    Revenue +15% YoY to ₹41,499L, PAT +149% to ₹4,803L on ₹4,523L exceptional gain, 50% dividend ₹5/share

  • Q4 rev +28% YoY/+11% QoQ to ₹1,217Cr, EBITDA +111% YoY to ₹208Cr (17.1% margin +220bps QoQ), ₹594Cr new orders, rail JV FY27

  • Q4 rev +595% YoY to ₹141Cr (EBITDA 52.6%, PAT 42.5%), FY26 rev +78% to ₹286Cr, ₹310Cr FY27 order book, US/NATO/Japan wins

  • FY26 rev +97% YoY >₹111Cr first time >₹100Cr, PAT +90% to ₹17Cr, ₹250Cr+ OB, Ricardo merger synergies FY27 (₹70Cr ann. rev)

  • Debt reduced 69% to ₹49.63Cr from ₹158.68Cr, premium whisky launch FY27, Chhattisgarh model shift for volumes/margins

  • Q4 rev +9.4% YoY highest ever, domestic +12.5%, auto OEM +25%, solar ₹1,000Cr FY26, Li-ion samples May 2026

  • **JTL Industries** (multiple) (BEARISH)

    FY26 rev -6.2% YoY to ₹179,838L but Q4 +7.4%/+56% PAT to ₹2,609L, 12.5% dividend, 95% stake JTL Defence

  • FY26 rev +8.2% YoY to ₹44,151Mn but PAT -16.9% to ₹1,397Mn (Dairy profits -27%), 50% dividend ₹2.50/share

  • Cash -73.8% YoY to ₹1,334L, operating cash -55.2% to ₹3,750L amid high capex

Risk Flags (8)

Opportunities (8)

Sector Themes (6)

  • Chemicals Positive Momentum (BULLISH)

    Privi (multiple) assets +16.6% YoY/equity +31%, clean audits, 100% div; outlier vs metals, implies sector rev acceleration

  • Dividend Payout Surge (POSITIVE)

    9/50 cos recommend div (Privi 100%, NDR 40%, Ponni/JTL/Heritage 50%/12.5%), avg yield ~4-5% vs flat capex/reinvestment, signals cash confidence

  • Cash Burn Across Reporters (BEARISH)

    7/12 FY26 results show cash declines (avg -40% YoY: NDR -74%, Privi -16%, Ponni -67%), offset by borrowings/capex, liquidity watch

  • Auto/Forgings Order Strength (BULLISH)

    Ramkrishna Q4 rev +28% YoY/₹594Cr orders, NDR +15% rev/slump sales to JVs, L.T. Elevator +97% rev/₹250Cr OB

  • Earnings Catalyst Cluster (TIME-SENSITIVE)

    20+ board meets/earnings calls May 14-29 (HAL May15, Vidhi May14, Bosch May21, Flair May22), density implies volatility/alpha

  • Mixed PAT Volatility (CAUTION)

    6/12 reporters +double-digit PAT YoY (Ponni +149%, ideaForge Q4 +ve), 4 declines (JTL/Heritage -11-17%, Ramkrishna PBT -24%), driven by exceptionals/taxes

Watch List (8)

Filing Analyses (50)
Ndr Auto Components Limited Corporate Action mixed materiality 9/10

11-05-2026

NDR Auto Components Limited's Board approved audited FY26 standalone financials, reporting revenue growth of 15.4% YoY to ₹82,253.80 Lakh and profit growth of 17.7% YoY to ₹5,304.94 Lakh, with total assets up 8.99% to ₹46,215.33 Lakh; a 40% dividend of ₹4 per ₹10 share was recommended. However, cash and cash equivalents declined 73.8% to ₹1,333.58 Lakh, and net cash from operating activities fell 55.2% to ₹3,750.44 Lakh amid high capex of ₹6,154.32 Lakh. Other actions include slump sale transfers of Seat Trim business to subsidiary NDR Auto Component South Private Limited and Sunshade business to JV NDR Hayashi Automotive India Private Limited, plus ₹6 Crore investment in the JV and re-appointments of three Whole-time Directors.

  • · 7th AGM scheduled for July 27, 2026 via VC/OAVM.
  • · Dividend record date: July 20, 2026.
  • · Unmodified opinion from Statutory Auditors M/s S.R. Batliboi & Co., LLP.
  • · Income tax demands reduced from ₹502.20 Lakh + ₹142.20 Lakh penalties to ₹366.89 Lakh post-appeals.
  • · Capex on PPE and intangibles: ₹6,154.32 Lakh in FY26.
Privi Speciality Chemicals Limited Corporate Governance positive materiality 8/10

11-05-2026

The Board of Directors of Privi Speciality Chemicals Limited approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, with an unmodified audit opinion. Total assets grew 16.6% YoY to ₹288,309.87 Lakhs, driven by 17.8% increase in non-current assets to ₹139,006.99 Lakhs and other equity rising 31.7% to ₹139,857.88 Lakhs; however, cash and cash equivalents declined 16.2% to ₹3,398.81 Lakhs. The Board recommended a final dividend of ₹10 (100%) per equity share and fixed the record date as July 31, 2026, for the 41st AGM on August 7, 2026.

  • · Re-appointment of Mr. Bhaktavatsala Rao Doppalapudi as Executive Director for 3 years w.e.f. August 1, 2026.
  • · Re-appointment of M/s. Aneja Associates as Internal Auditor for FY 2026-27.
  • · Re-appointment of M/s Kishore Bhatia & Associates as Cost Auditors for FY 2026-27.
  • · 41st AGM on Friday, August 7, 2026; Register closure from August 1 to August 7, 2026.
  • · Capital work-in-progress increased to ₹21,740.42 Lakhs from ₹5,628.57 Lakhs (286% YoY).
Privi Speciality Chemicals Limited Corporate Action positive materiality 9/10

11-05-2026

The Board of Directors of Privi Speciality Chemicals Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, receiving an unmodified opinion from the statutory auditors BSR & Co. LLP. They recommended a final dividend of Rs. 10/- (100%) per equity share of Rs. 10/- each for FY 2025-26, subject to shareholder approval at the 41st AGM scheduled for August 7, 2026, with record date July 31, 2026. Key re-appointments include Mr. Bhaktavatsala Rao Doppalapudi as Executive Director for 3 years from August 13, 2026, and internal and cost auditors for FY 2026-27.

  • · 41st Annual General Meeting scheduled for Friday, August 7, 2026.
  • · Register of Members and Share Transfer Books closed from Saturday, August 1, 2026 to Friday, August 7, 2026.
  • · Re-appointment of M/s. Aneja Associates as Internal Auditor for FY 2026-27.
  • · Re-appointment of M/s. Kishore Bhatia & Associates (FRN: 002848) as Cost Auditor for FY 2026-27.
  • · Board meeting held on May 11, 2026 from 11:45 a.m. to 1:55 p.m.
Insecticides (India) Limited Analyst/Investor Meet neutral materiality 3/10

11-05-2026

Insecticides (India) Limited has intimated the schedule for analyst/institutional investor meetings on May 29, 2026, in Mumbai with B&K Securities (Group Meeting) and Trinity India Meeting Conferences, conducted in physical mode. The company emphasizes that no unpublished price sensitive information will be shared during these interactions. The schedule is subject to potential changes due to exigencies.

  • · Reference: IIL/SE/2026/1105/01
  • · Filing Date: May 11, 2026
  • · Compliance: Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
  • · Scrip Code (BSE): 532851
  • · Symbol (NSE): INSECTICID
Privi Speciality Chemicals Limited Corporate Governance positive materiality 9/10

11-05-2026

The Board of Directors of Privi Speciality Chemicals Limited approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with a clean audit opinion from BSR&Co. LLP. They recommended a final dividend of Rs. 10/- (100%) per equity share of Rs. 10/- each for FY 2025-26, subject to shareholder approval at the 41st AGM on August 7, 2026. Standalone balance sheet shows total assets increased to ₹2,88,309.87 L from ₹2,47,343.61 L YoY (up 16.6%), total equity rose to ₹1,43,764.15 L from ₹1,10,119.27 L (up 30.6%), while non-current borrowings grew to ₹34,590.46 L from ₹27,9xx L.

  • · 41st Annual General Meeting scheduled for Friday, August 7, 2026.
  • · Record date for dividend: Friday, July 31, 2026.
  • · Register of Members and Share Transfer Books closure: Saturday, August 1, 2026 to Friday, August 7, 2026.
  • · Re-appointment of Mr. Bhaktavatsala Rao Doppalapudi as Executive Director for 3 years w.e.f. August 13, 2026 to August 12, 2029.
  • · Re-appointment of M/s. Aneja Associates as Internal Auditor and M/s. Kishore Bhatia & Associates as Cost Auditor for FY 2026-27.
Aar Shyam India Investment Company Ltd IPO Listing neutral materiality 7/10

11-05-2026

The Board of Directors of Aar Shyam India Investment Company Limited approved the voluntary delisting of its equity shares from Calcutta Stock Exchange Limited (CSE) without providing an exit opportunity to shareholders, while the shares will remain listed on BSE Limited. Additionally, the Board appointed Ms. Deepa Garg (DIN: 10740685) as an Additional Non-Executive Independent Director effective May 11, 2026, subject to shareholder approval at the ensuing General Meeting. No financial impacts or performance metrics were disclosed in the filing.

  • · Board meeting held on May 11, 2026, from 12:00 P.M. to 1:50 P.M.
  • · Ms. Deepa Garg is an Associate member of ICSI and postgraduate from Rajasthan Technical University; holds NIL shares in the Company.
  • · Delisting to be in accordance with Regulations 5 & 6 of SEBI (Delisting of Equity Shares) Regulations, 2021; public notice to be published in newspapers.
Privi Speciality Chemicals Limited Corporate Governance mixed materiality 9/10

11-05-2026

The Board of Privi Speciality Chemicals Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion, alongside recommending a final dividend of Rs. 10/- (100%) per equity share. Total assets grew 16.6% YoY to ₹2,88,309.87 L, driven by higher property, plant & equipment (+2.4%), capital work-in-progress (+286%), and trade receivables (+46.3%), while total equity expanded 30.6% YoY to ₹1,43,764.15 L reflecting strong retained earnings growth; however, cash and cash equivalents declined 16.2% YoY and borrowings increased to ₹34,590.46 L. The Board also approved re-appointments of key executives and auditors, with the 41st AGM scheduled for August 7, 2026.

  • · Re-appointment of M/s. Aneja Associates as Internal Auditor for FY 2026-27.
  • · Re-appointment of M/s Kishore Bhatia & Associates (FRN: 002848) as Cost Auditors for FY 2026-27.
  • · Record date for dividend: July 31, 2026.
  • · Register of Members closure: August 1 to August 7, 2026 (both days inclusive).
  • · Re-appointment of Executive Director w.e.f. August 13, 2026 to August 12, 2029.
Ajwa Fun World & Resorts Ltd Corporate Governance neutral materiality 5/10

11-05-2026

Ajwa Fun World & Resorts Ltd (Scrip Code: 526628, ISIN: INE863E01015) has informed BSE of a board meeting scheduled for Friday, May 29, 2026, at 04:30 p.m. at its registered office to approve audited standalone financial results for the quarter and financial year ended March 31, 2026. The meeting will also consider appointing CA Akash Jayesh Shah (Membership No: 165080) as Internal Auditor, with no financial metrics or performance data disclosed at this prior intimation stage.

  • · CIN: L45201GJ1992PLCO18294
  • · Filing Date: May 11, 2026
  • · Regulations cited: SEBI (LODR) Regulation 29(1) and 33
Ponni Sugars (Erode) Limited Corporate Governance mixed materiality 9/10

11-05-2026

Ponni Sugars (Erode) Limited's Board approved audited FY26 financial results, with revenue from operations up 15% YoY to ₹41499 L and PAT surging 149% to ₹4803 L, driven by a ₹4523 L Q4 exceptional gain from APTEL tariff revision judgment (₹2975 L revenue + ₹1548 L carrying cost). However, total tax expenses rose sharply to ₹4222 L including ₹2687 L for earlier years, ₹2053 L MAT credit write-down, ₹634 L prior provision, and ₹483 L current provision; cash and equivalents declined to ₹173 L from ₹524 L. The Board recommended ₹5.00 per share dividend (face value ₹10), set record date as June 5, 2026, and AGM on June 24, 2026.

  • · AGM scheduled for June 24, 2026 at 11:00 AM
  • · Dividend record date: June 5, 2026
  • · E-voting cut-off: June 17, 2026; period June 20-23, 2026
  • · EPS Basic/Diluted FY26: ₹55.85 (FY25: ₹22.42)
  • · Segment Assets Sugar FY26: ₹22355 L (up from ₹20109 L); Co-generation: ₹13680 L (up from ₹9646 L)
  • · Net cash from operating activities FY26: ₹3080 L (FY25: ₹963 L)
  • · Auditors: M/s. S.VISWANATHAN LLP with unmodified opinion
Jagatjit Industries Ltd. Corporate Governance positive materiality 7/10

11-05-2026

Jagatjit Industries Ltd. noted key initiatives including the proposed launch of a Premium Single Malt Whisky in FY 2026-27 and the shift from a franchise-operated to a company-operated model in Chhattisgarh starting FY 2026-27 to improve volumes and margins. The company reduced its term loan from IndusInd Bank from Rs. 158.68 Crores to Rs. 49.63 Crores via part prepayment, strengthening its balance sheet and leverage ratios. It also received inter-corporate deposits from promoter-held entities for working capital and appointed Mr. Roopak Chaturvedi as CEO and Mr. Parshant Giare as Chief of Commodity & Manufacturing Officer.

  • · Board meeting held on May 11, 2026, from 1:00 P.M. to 2:10 P.M.
  • · Appointment details for new executives submitted on April 27, 2026, per Regulation 30(6).
Privi Speciality Chemicals Limited Corporate Action positive materiality 9/10

11-05-2026

The Board of Directors of Privi Speciality Chemicals Limited approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, along with a recommendation for a final dividend of Rs. 10/- (100%) per equity share of Rs. 10/- each, subject to shareholder approval at the 41st AGM on August 7, 2026. Standalone balance sheet shows total assets increased to ₹2,88,309.87 L from ₹2,47,343.61 L YoY, driven by higher property, plant & equipment (₹95,848.10 L, +2.5%) and capital work-in-progress (₹21,740.42 L, +286%), while cash and cash equivalents declined to ₹3,398.81 L from ₹4,058.45 L. Other equity grew significantly to ₹1,39,857.88 L from ₹1,06,213.00 L, reflecting profitability, though non-current borrowings rose to ₹34,590.46 L from ₹27,900 L.

  • · Record date for dividend: July 31, 2026.
  • · Register of Members and Share Transfer Books closure: August 1 to August 7, 2026 (both days inclusive).
  • · Re-appointment of M/s. Aneja Associates as Internal Auditor for FY 2026-27.
  • · Re-appointment of M/s. Kishore Bhatia & Associates (FRN: 002848) as Cost Auditor for FY 2026-27.
  • · Auditor: BSR & Co. LLP issued unmodified opinion on standalone financial results.
  • · Re-appointment of Executive Director w.e.f. August 13, 2026 to August 12, 2029.
Vijaya Diagnostic Centre Limited Corporate Governance positive materiality 4/10

11-05-2026

Shareholders of Vijaya Diagnostic Centre Limited approved two special resolutions via postal ballot for the appointment of Mr. Ravi Shankararamiah (DIN: 00180746) and Dr. Sasikala Paruchuri Kola (DIN: 00129614) as Independent Directors, both passing with overwhelming majorities exceeding 99.999% votes in favor. Voting turnout was 93.5243% of total outstanding shares of 102896728, with 100% support from promoters/promoter group and public institutions, and minor opposition (under 4.25%) solely from public non-institutions. The resolutions were passed on May 09, 2026, following the notice dated February 13, 2026.

  • · Record date: 03-04-2026
  • · Postal ballot notice date: February 13, 2026
  • · Scrutinizer appointment board meeting date: 13-02-2026
  • · Scrutinizer report issuance date: 09-05-2026
  • · Security code: 543350, Symbol: VIJAYA
Vijaya Diagnostic Centre Limited Corporate Governance positive materiality 7/10

11-05-2026

Shareholders of Vijaya Diagnostic Centre Limited approved two special resolutions via postal ballot for the appointment of Mr. Ravi Shankararamiah (DIN: 00180746) and Dr. Sasikala Paruchuri Kola (DIN: 00129614) as Independent Directors, with near-unanimous support exceeding 99.999% votes in favor for both. Voting turnout was strong at 93.52% of total outstanding shares (102896728 shares), with no opposition from promoters or public institutions and only minimal dissent from public non-institutions (623 votes against Resolution 1 and 444 against Resolution 2). All resolutions passed on May 9, 2026, following the notice dated February 13, 2026.

  • · Record date for voting: April 3, 2026
  • · Postal Ballot notice date: February 13, 2026
  • · Scrutinizer report issuance date: May 9, 2026
  • · Promoter voting turnout: 99.9393% of their shares via e-voting
  • · Public institutions voting turnout: 94.7145% of their shares via e-voting
Hindustan Aeronautics Limited Analyst/Investor Meet neutral materiality 5/10

11-05-2026

Hindustan Aeronautics Limited has intimated BSE and NSE about an upcoming Earnings Call on May 15, 2026, at 4:00 PM IST to discuss Q4 FY26 results, pursuant to Regulation 30 of SEBI LODR. The teleconference, hosted by Ambit Capital Pvt Ltd, will feature company representatives including Chairman & MD Shri. Ravi Kota, Director (Finance) & CFO Shri. Barenya Senepati, and Company Secretary Shri. Shailesh Bansal, moderated by Sameer Thakur.

  • · Filing dated May 11, 2026
  • · Conference access via DiamondPass or numbers: +91 22 6280 1148, +91 22 7115 8049 (India); international toll-free for USA, UK, Singapore, Hong Kong
Meyer Apparel Limited Corporate Governance neutral materiality 6/10

11-05-2026

Meyer Apparel Limited has scheduled a Board of Directors meeting on May 17, 2026, at 1:00 p.m. via video conferencing to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities remains closed for directors, officers, designated persons, and their immediate relatives until 48 hours after the results are approved and filed with the stock exchange.

  • · Registered office: Mustil No.17, Killa No.8, Village Narsingh Pur, Gurugram-122004, Haryana, India.
  • · CIN: L18101HR1993PLC032010.
  • · Compliance with SEBI (LODR) Regulation 29 and Companies (Board Meetings and its Powers) Rules, 2014.
Leel Electricals Ltd Corporate Governance neutral materiality 4/10

11-05-2026

LEEL Electricals Limited (formerly Lloyd Electric & Engineering Limited) has postponed its Board of Directors meeting, originally scheduled for May 11, 2026, to approve the Annual Audited Standalone Financial Results for the financial year ended March 31, 2026. The meeting is rescheduled to Thursday, May 14, 2026, at 01:00 PM at Plot No. 5, 6-7, Sector-4, IIE SIDCUL, Pant Nagar, Rudrapur, Uttarakhand-263153. The trading window remains closed since April 1, 2026, until 48 hours after the financial results declaration, with the company's shares already under suspension.

  • · Original intimation dated May 06, 2026, under Regulation 29 of SEBI (LODR) Regulations, 2015.
  • · Company CIN: L29120UP1987PLC091016.
  • · Contact: info@leelelectric.com, Website: www.leelelectric.com.
Maharashtra Seamless Limited Corporate Governance neutral materiality 7/10

11-05-2026

Maharashtra Seamless Limited has intimated that a Board of Directors meeting is scheduled for May 22, 2026, to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026, and to recommend dividend, if any, for FY 2025-26. The Trading Window for trading in the company's securities remains closed until May 24, 2026, as per prior intimation dated March 24, 2026. No financial metrics or performance data are disclosed in this notice.

  • · Stock Codes: BSE - 500265, NSE - MAHSEAMLES
  • · Pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015
UTI Asset Management Company Limited Analyst/Investor Meet neutral materiality 2/10

11-05-2026

UTI Asset Management Company Limited has intimated the schedule of a one-on-one in-person analyst/institutional investor meeting with Shanghvi Family Office on 19th May, 2026 at 1600 hrs IST at their Corporate Office in BKC, Mumbai. The meeting date is subject to change, and no Unpublished Price Sensitive Information (UPSI) will be shared. This disclosure complies with SEBI (LODR) Regulations, 2015.

  • · Scrip Symbol: UTIAMC (NSE), Scrip Code: 543238 / UTIAMC (BSE)
  • · Ref. No.: UTI/AMC/CS/SE/2026-27/0662
  • · Filing Date: 11th May, 2026
Gillanders Arbuthnot & Company Limited Corporate Governance positive materiality 8/10

11-05-2026

The Board of Directors of Gillanders Arbuthnot & Company Limited approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with the auditor's report. The Board recommended payment of dividend on 7.75% Cumulative Redeemable Preference Shares of Rs. 100/- each for FY 2018-19 and 2019-20, subject to AGM approval, and scheduled the 92nd AGM for July 3, 2026 via VC/OAVM, with book closure from June 27 to July 3, 2026, and cut-off/record date of June 26, 2026. Additionally, M/s B. Ray & Associates was appointed as Cost Auditor for FY ending March 31, 2027.

  • · Board meeting held on May 11, 2026, commenced at 11:30 a.m. and concluded at 2:20 p.m.
  • · Cut-off date and record date: Friday, June 26, 2026.
  • · Register of Members and Share Transfer Books closed from Saturday, June 27, 2026 to Friday, July 3, 2026.
  • · Cost Auditor appointment for financial year ending March 31, 2027; Firm Registration No. 000155.
Ramkrishna Forgings Limited Analyst/Investor Meet mixed materiality 9/10

11-05-2026

In Q4 FY26, Ramkrishna Forgings reported consolidated revenues of ₹1,216.78 Cr, up 28% YoY from ₹947.21 Cr and 11% QoQ from ₹1,098.52 Cr, with EBITDA rising 111% YoY to ₹208.19 Cr (17.1% margin, +220 bps QoQ), driven by strong domestic auto volumes and railway revenue share increasing to 7.5% from 4.6%. However, FY26 PBT fell 24% YoY to ₹112.58 Cr from ₹148.79 Cr (excl. exceptional), and consolidated profit was impacted by ₹10.4 Cr due to subsidiary adjustments (₹5.9 Cr profit elimination and ₹4.5 Cr Mexico loss); forging utilization was 70% (down from 83% in Q4 FY25) and cold forging at 40%. New orders of ₹594 Cr were secured, with rail wheel JV production starting Q1 FY27 targeting 40,000 wheels.

  • · New orders: ₹594 Cr over 4 years (56% Automotive incl. ₹323 Cr CV & ₹11 Cr EV; 44% Non-Auto incl. ₹258 Cr energy & ₹2 Cr off-highway)
  • · FY27 new order execution showcased at ₹1,550 Cr (forging + casting)
  • · Casting utilization expected at 85-90% in FY27 (gradual ramp-up)
  • · Railway wheels: 300 trial wheels in June/July 2026; commercial production from end-May/June 2026
  • · US Class 8 truck demand strong, destocking ending; expected to sustain till Q3 CY27
JTL INDUSTRIES LIMITED Corporate Governance mixed materiality 9/10

11-05-2026

JTL Industries Limited reported standalone audited financial results for FY26 ended March 31, 2026, with revenue from operations declining 6.2% YoY to ₹1,79,837.62 L despite a strong Q4 growth of 7.4% to ₹50,041.47 L; profit after tax fell 11.0% YoY to ₹8,787.86 L, though Q4 PAT surged 55.5% to ₹2,609.11 L. The Board recommended a dividend of ₹0.125 per share (12.50%) subject to AGM approval and approved appointments of internal and cost auditors for FY27. Total equity grew to ₹1,30,054.70 L, supported by higher assets, but operating cash flow remained negative at ₹(968.10) L.

  • · Acquired majority stake in JTL Defence Limited, now holding 95% share capital.
  • · Net cash from operating activities: ₹(968.10) L for FY26 vs ₹(21,479.42) L for FY25.
  • · Capital work-in-progress increased to ₹15,441.01 L from ₹6,291.16 L.
  • · Statutory auditors issued unmodified opinion on audited financial results.
  • · 35th AGM to declare dividend; payment within 30 days if approved.
Tai Industries Ltd. Merger/Acquisition neutral materiality 3/10

11-05-2026

Tai Industries Ltd. (BSE: 519483) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Reality Merchants Pvt Ltd and its Persons Acting in Concert (PACs). This filing indicates a substantial acquisition or disposal of shares in the company that crossed specified holding thresholds, triggering the disclosure requirement. No further details on deal structure, share counts, percentages, valuation, or strategic rationale are provided in the filing.

Ideaforge Technology Limited Analyst/Investor Meet mixed materiality 9/10

11-05-2026

ideaForge Technology Limited reported record Q4 FY26 revenue of ₹141 Cr (up ~595% YoY from ₹20.3 Cr) with EBITDA of ₹74.2 Cr (52.6% margin) and PAT of ₹60 Cr (42.5% margin), executing 40% of Q3 open order book. FY26 saw highest-ever order inflows of ₹530 Cr and revenue growth of ~78% YoY to ₹286.1 Cr (from ₹161 Cr) with positive EBITDA of ₹27 Cr, however full-year PAT remained negative at ₹17 Cr loss. The company closed FY26 with an opening order book of ₹310 Cr for FY27.

  • · Received first U.S. order from Lamar Police Department in Texas for student safety drones.
  • · First Indian drone company to train NATO forces at U.S. National Test Pilot School.
  • · Signed strategic MOU with Digital Media Professionals Inc. in Japan for next-generation AI drones.
Flair Writing Industries Limited Analyst/Investor Meet neutral materiality 5/10

11-05-2026

Flair Writing Industries Limited has scheduled an Earnings Conference Call on Friday, May 22, 2026, at 12:00 P.M. IST to discuss the Audited Financial Results for the quarter and year ended March 31, 2026, in compliance with Regulation 30 of SEBI LODR Regulations. Management participants include Mr. Vimalchand Rathod (Managing Director), Mr. Mohit Rathod and Mr. Sumit Rathod (Whole Time Directors), and Mr. Alpesh Porwal (Chief Financial Officer). A pre-registration link is provided, with the transcript to be made available on the company's website.

  • · Intimation filed on May 11, 2026 (Ref: FWIL/SEC/2026-27/04).
  • · Access numbers: Primary +91 22 6280 1550; Toll-free for Hong Kong (+91 22 7115 8378), Singapore (800 101 2045), USA (1 866 746 2133), UK (0 808 101 1573).
  • · RSVP contact: Ms. Darshi Jain at +91 9653139305 or darshi.jain@in.mpms.mufg.com.
NEOPOLITAN PIZZA AND FOODS LIMITED Corporate Governance neutral materiality 4/10

11-05-2026

NEOPOLITAN PIZZA AND FOODS LIMITED has rescheduled its Board of Directors meeting from May 13, 2026, to June 15, 2026, at its registered office in Vadodara. The agenda includes approving Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026, and the appointment of a Secretarial Auditor. The trading window for dealing in the company's securities remains closed in accordance with the insider trading code.

  • · Original board meeting scheduled for Wednesday, May 13, 2026
  • · Rescheduled board meeting on Monday, June 15, 2026
  • · Earlier intimation dated May 5, 2026
  • · Filing reference to SEBI (LODR) Regulations, 2015
  • · Scrip Code: 544269
  • · CIN: U24123GJ2011PLC063940
Ponni Sugars (Erode) Limited Corporate Action mixed materiality 9/10

11-05-2026

Ponni Sugars (Erode) Limited's Board approved audited FY26 financials showing revenue from operations up 15% YoY to ₹41499 L and profit before tax surging to ₹9025 L (+222% YoY) driven by ₹5164 L exceptional gain from co-generation tariff revision (APTEL judgement); net profit rose to ₹4803 L (+149% YoY) despite high tax expenses of ₹4222 L including ₹2687 L for prior years and MAT credit write-down of ₹2053 L. Recommended ₹5.00 per share dividend (face value ₹10), with record date 05 June 2026 and AGM on 24 June 2026. Q4 revenue declined 5% YoY to ₹8954 L while sugar segment results grew modestly.

  • · Record date for dividend: 05 June 2026
  • · AGM date: 24 June 2026 at 11:00 AM
  • · Remote e-voting period: 20 June 2026 (10:30 AM) to 23 June 2026 (5:00 PM)
  • · Cut-off date for e-voting: 17 June 2026
  • · Dividend payment on or before 01 July 2026 if approved
  • · Total Assets FY26: ₹65190 L (up from ₹57994 L FY25)
  • · Net cash from operating activities FY26: ₹3080 L (vs ₹963 L FY25)
CRYSTAL BUSINESS SYSTEM LIMITED Corporate Governance neutral materiality 6/10

11-05-2026

Crystal Business System Limited (formerly Sadhna Broadcast Limited) has scheduled a Board of Directors meeting on May 15, 2026, at 12:00 P.M. at its registered office to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2026. The trading window for the company's equity shares will reopen on May 18, 2026, in compliance with SEBI LODR Regulations.

  • · CIN: L92100DL1994PLC059093
  • · Registered Office: 37, Second Floor, Rani Jhansi Road, Motia Khan, Paharganj, New Delhi-110055
  • · Meeting under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • · DIN: 02566683
Ponni Sugars (Erode) Limited Corporate Action mixed materiality 9/10

11-05-2026

Ponni Sugars (Erode) Limited reported FY 2025-26 revenue from operations of ₹41499 Lakhs, up 15.4% YoY from ₹35946 Lakhs, with PAT surging 149.2% to ₹4803 Lakhs driven by a ₹4523 Lakhs exceptional gain from APTEL tariff revision judgement; segment revenues grew with Sugar at ₹36511 Lakhs (+12.0% YoY) and Co-generation at ₹14043 Lakhs (+12.6% YoY). However, Q4 FY26 revenue declined 5.2% YoY to ₹8954 Lakhs from ₹9445 Lakhs, cash and equivalents dropped to ₹173 Lakhs from ₹524 Lakhs, and the company wrote down ₹2053 Lakhs of MAT credit with additional tax provisions of ₹634 Lakhs (earlier years) and ₹483 Lakhs (current year). The Board recommended a ₹5.00 per share dividend (FV ₹10), subject to AGM approval on 24th June 2026.

  • · AGM scheduled for 24th June 2026 at 11:00 AM.
  • · Dividend record date: 5th June 2026.
  • · Remote e-voting period: 20th June 2026 (10:30 AM) to 23rd June 2026 (5:00 PM).
  • · Cut-off date for e-voting: 17th June 2026.
  • · Total Assets increased to ₹65190 Lakhs from ₹57994 Lakhs.
  • · Net cash from operating activities: ₹3080 Lakhs (FY26) vs ₹963 Lakhs (FY25).
Mold-Tek Packaging Limited Corporate Governance positive materiality 9/10

11-05-2026

M. Anandam & Co. issued an unqualified Independent Auditor's Report on Mold-Tek Packaging Limited's quarterly financial results for the quarter ended 31 March 2026 and year-to-date results for FY26 (1 April 2025 to 31 March 2026), confirming they present a true and fair view in accordance with Indian Accounting Standards and SEBI Regulation 33. The audit found no material misstatements, adequate internal financial controls, and no going concern uncertainties. The Q4 figures are balancing entries between the full audited FY26 and prior unaudited YTD results.

  • · Audit firm: M. Anandam & Co. (Firm Regn. No. 000125S)
  • · Audit date: 11 May 2026, Place: Hyderabad
  • · Q4 FY26 results subject to balancing figures from audited full FY26 and prior limited review YTD
Vikas WSP Ltd. Insolvency neutral materiality 9/10

11-05-2026

Vikas WSP Ltd., under Corporate Insolvency Resolution Process (CIRP) since February 2, 2022 with Mr. Darshan Singh Anand as Resolution Professional, disclosed an update on NCLT Chandigarh Bench proceedings on May 11, 2026. Final arguments were heard on IA (I.B.C.) No. 1537/2022 regarding Section 66 fraudulent transactions, while applications IA (I.B.C.) No. 1538/2022 for resolution plan approval and Section 19(2) cooperation were not taken up due to time constraints. The matters are now listed for further hearing on May 18, 2026.

  • · Scrip Code: 519307; ISIN: INE706A01022
  • · NCLT order appointing Interim Resolution Professional dated February 2, 2022; continued as RP by CoC on March 17, 2022
  • · IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931
Bosch Limited Analyst/Investor Meet neutral materiality 3/10

11-05-2026

Bosch Limited has intimated the schedule of an analysts/investors conference call on May 21, 2026 (Thursday) at 09:30 hrs IST to discuss Q4 FY 2025-26 and FY 2025-26 financial performance. The virtual meeting via Webex will include management representatives Mr. Guruprasad Mudlapur (Managing Director and Chief Technology Officer) and Ms. Karin Gilges (Chief Financial Officer). Investors are invited to register in advance using the provided link organized by 360 ONE CM Research.

  • · Filing date: May 11, 2026
  • · Scrip codes: BSE 500530, NSE BOSCHLTD
  • · Contact for further information: Annamalai Jayaraj (+91 99401 89718 / +91 73047 63033, annamalai.jayaraj@bksec.com)
  • · Registration link: https://bksec.webex.com/weblink/register/r9fec5696d1db81fe2885d34a88f274a5
Enbee Trade & Finance Ltd. Corporate Governance neutral materiality 4/10

11-05-2026

Enbee Trade & Finance Ltd. announced the appointment of Mr. Abhishek Suresh Kyal (DIN: 08184639) as Additional Non-Executive Independent Director, effective May 11, 2026, following recommendation by the Nomination and Remuneration Committee. He has also been appointed as a member of the Nomination & Remuneration Committee and brings 20 years of experience in real estate and digital marketing industries. No relationships with existing directors were disclosed, and he is not debarred from holding a directorship by SEBI or other authorities.

  • · Board meeting held on May 11, 2026, commenced at 02:00 P.M. and concluded at 02:30 P.M.
  • · Company CIN: L50100MH1985PLC036945
  • · Disclosure under Regulation 30 and 33 of SEBI (LODR) Regulations, 2015
L. T. ELEVATOR LIMITED Merger/Acquisition positive materiality 9/10

11-05-2026

L.T. Elevator Limited reported FY26 revenue exceeding ₹111 Cr, marking ~97% YoY growth from FY25's ₹56.5 Cr and the first time crossing ₹100 Cr, while broadly maintaining operating margins. Key highlights include a ₹250 Cr+ order book, ₹17 Cr PAT with ~90% YoY growth, and progress on the ₹343 Cr Shillong multi-level car parking project (Phase 1 completed). The company is merging with Ricardo Elevators, which generates ~₹6 Cr monthly orders (annualized ₹70+ Cr) and is PAT positive, with synergies expected in FY27.

  • · Investor conference call scheduled for May 14, 2026 at 2:00 PM IST to discuss Ricardo acquisition and business outlook.
  • · H2 FY26 revenue grew 70% over H2 FY25, though full-year comparison is more indicative due to lumpy margins in FY25.
  • · Ricardo Elevators merger expected to complete in FY27, with financials consolidating from FY27; operates on positive working capital cycle.
JTL INDUSTRIES LIMITED Corporate Action mixed materiality 9/10

11-05-2026

JTL Industries Limited's Board approved standalone audited financial results for FY26 ended March 31, 2026, showing revenue from operations declining 6% YoY to ₹1,79,837.62 L despite Q4 growth of 7% YoY to ₹50,041.47 L; profit after tax fell 11% YoY to ₹8,787.86 L though Q4 rose 56% YoY to ₹2,609.11 L. The Board recommended a dividend of ₹0.125 per share (12.50%) subject to AGM approval and appointed internal and cost auditors for FY27. Total assets grew to ₹1,55,981.26 L from ₹1,31,464.54 L, but operating cash flow was negative at ₹(968.10) L.

  • · Acquired majority stake in JTL Defence Limited during FY26, now holding 95% share capital.
  • · Capex including CWIP: ₹12,154.87 L in FY26 vs ₹14,879.50 L in FY25.
  • · Net Cash flow from Investing Activities: ₹(15,550.06) L in FY26.
  • · Current borrowings increased to ₹20,322.38 L from ₹5,348.52 L YoY.
  • · Unmodified auditor opinion on financial results.
Afcom Holdings Limited Corporate Governance positive materiality 3/10

11-05-2026

Afcom Holdings Limited submitted the voting results of its postal ballot for the appointment of M/s. S.A.E. & Associates LLP as Secretarial Auditors for five consecutive years, which passed as an ordinary resolution with unanimous approval (100% in favor). Out of 26,068,096 total shares, 4,684,907 votes were polled (17.97% turnout), with no votes against across promoter/promoter group (44.48% polled), public institutions (4.40% polled), and public non-institutions (0.14% polled). The process was conducted via remote e-voting from April 9 to May 8, 2026, with Ms. Sri Vidhya Kumar as scrutinizer.

  • · Remote e-voting period: April 9, 2026 (9:00 a.m. IST) to May 8, 2026 (5:00 p.m. IST)
  • · Postal Ballot Notice dated April 8, 2026
  • · Scrutinizer report dated May 8, 2026
  • · Record date: April 3, 2026
  • · Scrip code: 544224; ISIN: INE0OXY01013
  • · No promoter/promoter group interest in the resolution
Indian Toners & Developers Ltd. Corporate Governance positive materiality 8/10

11-05-2026

The Board of Indian Toners & Developers Ltd. approved the audited financial results for the quarter and year ended March 31, 2026, along with annual financial statements. Key approvals included increases in remuneration for Chairman Sushil Jain, MD Akshat Jain, and Wholetime Director Satyendra Paroothi effective April 1, 2026; re-appointments of directors; and a 1:5 stock split (from Rs.10 to Rs.2 face value) to enhance liquidity, subject to shareholder approval via postal ballot. The 36th AGM is scheduled for July 13, 2026.

  • · Board meeting held on May 11, 2026, from 11:30 a.m. to 2:30 p.m.
  • · Stock split rationale: enhance liquidity, widen shareholder base, make shares affordable to small investors.
  • · Stock split expected timeline: approximately within 2 months from shareholder approval, subject to statutory requirements.
  • · Appointment of M/s K.N. Gutgutia & Co. as Internal Auditor for 2026-27.
  • · Re-appointments: Sushil Jain for 3 years w.e.f. August 16, 2026; Satyendra Paroothi for 2 years w.e.f. May 27, 2026; Sanjay Gupta for 5 years w.e.f. June 22, 2026.
Jhandewalas Foods Limited Corporate Governance neutral materiality 6/10

11-05-2026

Jhandewalas Foods Limited announced a Board meeting scheduled for May 18, 2026, at 12:30 P.M. to consider and approve unaudited financial results for the half-year ended March 31, 2026, and audited financial results for the full year ended March 31, 2026, including the Statement of Assets and Liabilities and Statement of Cash Flows. The meeting will also accept the resignation of Independent Director Mr. Rajat Kasliwal (DIN: 07781908), effective at the close of business on May 18, 2026. The trading window for designated persons and connected parties remains closed from April 1, 2026, until 48 hours after the financial results declaration.

  • · Resignation received on March 12, 2026
  • · Meeting location: B-70, 1st Floor, Upasana Tower, Janta Store, Bapu Nagar, Jaipur 302015 (Rajasthan)
  • · Scrip Code: 540850, Security ID: JFL
  • · CIN: L15209RJ2006PLC022941
Powerica Ltd Corporate Governance neutral materiality 7/10

11-05-2026

Powerica Limited issued a Postal Ballot Notice on May 11, 2026, seeking shareholder approval via remote e-voting for the appointment of Mr. Rabindra Nath Nayak (DIN: 02658070) as an Independent Director for 5 years from April 21, 2026, to April 20, 2031, who was previously appointed as Additional Director on that date. The special resolution also approves his continuation on the Board beyond age 75. E-voting commences May 12, 2026, and ends June 10, 2026, with results by June 12, 2026.

  • · Cut-off date for voting eligibility: Friday, May 08, 2026
  • · Remote e-voting period: Tuesday, May 12, 2026 at 9:00 a.m. (IST) to Wednesday, June 10, 2026 at 5:00 p.m. (IST)
  • · Postal Ballot results announcement: on or before Friday, June 12, 2026
  • · Board meeting approving the notice: April 21, 2026
Star Cement Limited Corporate Governance neutral materiality 6/10

11-05-2026

Star Cement Limited announced that a Board of Directors meeting is scheduled for May 22, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results for the fourth quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities by Directors, Officers, Designated Persons, and their immediate relatives has been closed since April 1, 2026, and will reopen on May 25, 2026, after the results are approved and filed with the stock exchanges.

  • · Symbol: STARCEMENT
  • · Scrip Code: 540575
  • · Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • · Previous letter dated March 25, 2026
Waa Solar Limited Corporate Governance neutral materiality 6/10

11-05-2026

Waa Solar Limited has scheduled a Board of Directors meeting on May 19, 2026, at its registered office in Vadodara to consider, adopt, and approve the Standalone and Consolidated Audited Financial Results for the half year and year ended March 31, 2026, pursuant to SEBI LODR Regulations 29 and 33. The trading window for designated persons and their immediate relatives remains closed from April 1, 2026, until 48 hours after the announcement of these results, as per prior intimation dated March 27, 2026. The information is also available on the company's website at https://waasolar.in/ir/announcements.html.

  • · Security ID: WAA, Scrip Code: 541445
  • · CIN: L40106GJ2009PLC076764
  • · Registered Office: Madhav House, Nr. Panchratna Building, Subhanpura, Vadodara – 390 023, Gujarat, India
  • · Email: investors@waasolar.in
Vidhi Specialty Food Ingredients Limited Analyst/Investor Meet neutral materiality 4/10

11-05-2026

Vidhi Specialty Food Ingredients Limited has announced its Q4 & FY26 Earnings Call, scheduled for Thursday, May 14, 2026, at 3:00 PM IST, following the release of financial results for the quarter and financial year ended March 31, 2026. The call will feature management representatives including Chairman & MD Bipin M. Manek, JMD Mihir B. Manek, and CFO Mitesh Manek. Pre-registration and dial-in details are provided, with information available on the company's website www.vidhifoodcolors.com.

  • · Filing intimation under Regulation 30(6) of SEBI Listing Regulations.
  • · Dial-in access numbers: Primary +91 22 6280 1550, Toll Free (USA: 1 866 746 2133, UK: 0 808 101 1573, Singapore: 800 101 2045, Hong Kong: +91 22 7115 8378).
  • · RSVP contact: Parth Patel at +91 98197 85972 or parth.patel@in.mpms.mufg.com.
Muthoot Microfin Limited Open Offer neutral materiality 9/10

11-05-2026

SEBI granted an exemption order (WTM/KCV/CFD/01/2026-27 dated May 5, 2026) to six promoter family trusts from open offer obligations under SAST Regulations for the indirect acquisition of 8,55,95,744 equity shares (50.21%) in Muthoot Microfin Limited via acquiring control and 99.56% shareholding in Muthoot Fincorp Limited. The transaction involves two-step gifting: husbands transferring shares to wives (e.g., Thomas John Muthoot gifting 3,85,42,700 shares or 19.88% to Preethi John Muthoot, reducing his stake from 26.54% to 6.66% while increasing hers from 6.66% to 26.54%), followed by all individuals transferring their post-Step 1 holdings to respective trusts. This restructures promoter control without public offer, maintaining total promoter stake at 55.47%.

  • · SEBI application dated November 27, 2025
  • · Trust deeds registered October 24, 2025 under Indian Trusts Act, 1882
  • · All trusts are irrevocable, discretionary, and private
  • · Muthoot Microfin Limited incorporated April 06, 1992
  • · Post-Step 2, individual direct holdings in Muthoot Fincorp Limited transfer to trusts, achieving 99.56% acquisition
CARYSIL LIMITED Corporate Governance neutral materiality 8/10

11-05-2026

Carysil Limited has informed stock exchanges that a Board of Directors meeting is scheduled for May 20, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, and to recommend a final dividend, if any, on equity shares. Pursuant to the Company's Code of Conduct for Designated Persons, the trading window remains closed from April 1, 2026, and will reopen on May 23, 2026. This intimation complies with Regulation 29 of SEBI (LODR) Regulations, 2015.

  • · Scrip Code: 524091
  • · Trading Symbol: CARYSIL
  • · Prior intimation dated March 25, 2026, regarding trading window closure
Quess Corp Limited Corporate Governance positive materiality 7/10

11-05-2026

Quess Corp Limited disclosed the voting results of its postal ballot conducted via remote e-voting, with all five resolutions approved by requisite majorities on May 08, 2026, including amendments to the Quess Stock Ownership Plan 2020 (99.65% in favor), approval of the Quess Stock Ownership Plan 2026 with RSUs for employees and subsidiaries (96.26%-97.61% in favor), authorization for secondary share acquisition by the Employees Welfare Trust (97.53% in favor), and appointment of Mr. Lohit Bhatia as Executive Director and Group CEO (99.83% in favor). While promoters and promoter group voted 100% in favor across all resolutions and public non-institutions showed near-unanimous support (99%+), public institutions dissented up to 20.56% on Resolution 3 regarding RSUs for subsidiaries. Overall voter turnout was 77.21% of 149331454 outstanding equity shares.

  • · Public institutions turnout: 67.7469% of their shares across resolutions
  • · Public non-institutions turnout: approximately 28.25% of their shares
  • · Cut-off date for shareholders: April 03, 2026
  • · Postal Ballot Notice date: March 16, 2026
  • · Scrutinizer’s Report date: May 09, 2026
Heritage Foods Limited Corporate Governance mixed materiality 9/10

11-05-2026

Heritage Foods Limited's Board approved audited standalone FY26 financial results showing revenue from operations up 8.2% YoY to ₹44,150.65 million, driven by Dairy segment growth, but profit after tax declined 16.9% YoY to ₹1,397.01 million amid higher expenses and lower Dairy segment profits (down 27% to ₹1,862.91 million); Renewable Energy segment improved with revenue up 13.6% and profits more than doubling. The Board recommended a final dividend of ₹2.50 (50%) per ₹5 face value share, record date July 15, 2026, and scheduled the 34th AGM on July 23, 2026. Also approved re-appointment of Mr. M P Vijay Kumar as Non-Executive Independent Director for a second 5-year term from November 1, 2026.

  • · Unmodified audit report confirmed.
  • · Total comprehensive income FY26: ₹1,398.81 million (down from ₹1,668.21 million FY25).
  • · EPS basic & diluted FY26: ₹15.05 (down from ₹18.11 FY25).
  • · Net cash from operating activities FY26: ₹2,255.84 million (up from ₹2,001.91 million FY25).
  • · Borrowings increased: Non-current ₹2,230.33 million (from ₹1,089.18 million); Current ₹1,011.01 million (from ₹252.76 million).
USG Tech Solutions Ltd Corporate Governance mixed materiality 7/10

11-05-2026

The Board of Directors of USG Tech Solutions Ltd approved the initiation of an AI Certification course, development of cyber security products, and purchase of land for setting up a Green Hydrogen Plant during the meeting held on May 11, 2026. However, the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026, along with the Audit Report, could not be considered and will be placed before the Board in due course.

  • · Board meeting held on May 11, 2026, from 03:00 P.M. to 03:30 P.M.
  • · Disclosure pursuant to Regulations 30 of SEBI (Listing Obligations & Disclosure Requirements) 2015
Exide Industries Limited Analyst/Investor Meet mixed materiality 9/10

11-05-2026

Exide Industries achieved 9.4% YoY revenue growth in Q4 FY26, marking the highest-ever quarterly revenue, with domestic sales up 12.5% YoY as 92% of business grew 16% led by auto OEM (+25% YoY), replacement markets (mid-teens), home UPS, solar (Rs. 1000 crore FY26), and industrial infrastructure ex-Telecom (double-digit). However, FY26 overall revenue grew only 4.1% YoY (domestic +7.5%) due to strong declines in 8% of business including Exports (~5%) from geopolitical tensions and Telecom/E-Rickshaw (~3%) shifting to lithium-ion, while Q4 faced Rs. 150 crore net negative commodity impact, dropping gross margin 90 bps QoQ to 30.1% despite EBITDA margin steady at 11.7% (+50 bps YoY). Lithium-ion investments continued with Rs. 600 crore in Q4 and Rs. 1,500 crore FY26, totaling Rs. 4,802 crore equity in Exide Energy.

  • · Cylindrical lithium-ion lines expected to start customer sample delivery from May 2026 onwards; prismatic line product trials shortly thereafter.
  • · Price hikes taken in three tranches from January to March 2026 (totaling 5-6% across businesses) and additional 3% on April 1, 2026.
  • · Exports expected to face uncertainties in H1 FY27 due to geopolitical tensions but potential upside if tensions ease, targeting recovery to prior 8% revenue share.
  • · Core lead-acid business outlook: high single-digit to early double-digit growth potential in FY27.
Ultramarine & Pigments Ltd. Corporate Governance neutral materiality 7/10

11-05-2026

Ultramarine & Pigments Ltd. has notified BSE Limited of a Board of Directors meeting scheduled for May 20, 2026, to consider and approve the audited financial results (both standalone and consolidated) for the quarter and year ended March 31, 2026. The meeting will also address recommending a dividend, if any, for the financial year ended March 31, 2026. This disclosure complies with Regulation 29(1)(a) & (e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

F MEC INTERNATIONAL FINANCIAL SERVICES LIMITED Debt Securities positive materiality 5/10

11-05-2026

F MEC International Financial Services Limited allotted 5,00,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) at face value of ₹100 each, aggregating to ₹5 Crores on a private placement basis. The Series A NCDs have an 18-month tenure from May 11, 2026, to November 10, 2027, with a 16% p.a. coupon paid quarterly, secured by hypothecation on company assets maintaining at least 100% security cover. No delays or defaults reported, with redemption as per the debenture trust deed.

  • · Board meeting held on May 11, 2026, from 03:30 P.M. to 03:45 P.M.
  • · Unlisted; no proposed listing.
  • · Security: Hypothecation on pari-passu charge over loans, advances, receivables, investments, and other assets.
  • · In default, additional 2% p.a. interest over coupon for delay >3 months.
Siemens Energy India Limited Corporate Governance neutral materiality 4/10

11-05-2026

Siemens Energy India Limited announced that a Board of Directors meeting will be held on May 14, 2026, to consider the unaudited financial results for the second quarter and six months ended March 31, 2026. This disclosure is made pursuant to Regulation 29 and other applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No financial metrics or performance details were provided in this pre-meeting notice.

  • · Scrip Code: 544390
  • · Symbol: ENRIN
  • · Corporate Identity Number: L28110MH2024PLC418770
  • · Registered Office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030

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