Executive Summary
Today's digest (May 23, 2026) reveals a market bifurcated between strong operational performers and companies facing governance or regulatory headwinds. From the 50 filings, key themes include a surge in M&A and insider activity, with several substantial acquisitions and promoter stake changes signaling sector consolidation, particularly in technology and defense.
Period-over-period data shows robust growth in niche sectors like apparel (Monte Carlo Fashions up 36% YoY) and healthcare (Kovai Medical up 15.8% YoY), while others like ethanol (Associated Alcohols) face volume declines of 35% YoY due to industry oversupply. Auditor red flags on IPO fund usage (Yatra Online) and related-party transactions (TCC Concept) demand scrutiny. Capital allocation is mixed, with Kajaria Ceramics announcing a ₹296.7 crore buyback and Kovai Medical recommending a 150% dividend, while Paisalo Digital promoters are creating pledges. The most critical development is the massive, undisclosed promoter stake sale in Jaiprakash Power Ventures, creating significant uncertainty. Overall, the market is rewarding quality and penalizing opacity, with a clear focus on cash flow, governance, and management credibility.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · Insider trading · M&A · Open offer · Insolvency · Corporate action
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from May 22, 2026.
Investment Signals (11)
- Monte Carlo Fashions ↓ (BULLISH)▲
Q4 FY26 revenue surged 36% YoY to ₹280 crore, EBITDA rocketed 353% YoY, and PAT swung from a loss to a profit of ₹5 crore. The Rock.it brand (86% YoY growth) and footwear (149% YoY growth) are powerful growth engines. Online sales grew 38% YoY.
- Kovai Medical Center & Hospital ↓ (BULLISH)▲
FY26 revenue grew 15.8% YoY to ₹1,61,388 Lakhs, and net profit increased 17.0% to ₹24,446 Lakhs. The Board recommended a final dividend of ₹15 per share (150% on face value), signaling strong cash flow and management confidence.
- Associated Alcohols & Breweries ↓ (BULLISH)▲
Q4 FY26 EBITDA grew 13% YoY and PAT grew 5% YoY. Proprietary IMFL volumes surged 37% YoY, and the company gained 1.5% market share in Kerala. Management guided for FY27 EBITDA margin of ~15% and IMFL volume growth of 25-30%.
- Kajaria Ceramics ↓ (BULLISH)▲
The company announced a buyback of up to 21,50,000 shares (1.35% of capital) at ₹1,380 per share, aggregating ₹296.70 crore. Promoters are not participating, which is a capital-efficient move that signals the stock is undervalued and returns cash to shareholders.
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Revenue surged 143.5% YoY in Q4 and 185.4% for FY26, with net profit up 105.8% YoY and 224.6% for the full year. This is a high-growth story, though governance issues (lack of prior shareholder approval for related-party transactions) create a risk premium. [BULLISH (with caveat)]
- NRB Bearings▲
Promoter trust unpledged 15,51,161 shares (1.6% of capital) while simultaneously selling 3,55,208 shares (0.37%). The net effect is a reduction in pledged shares from 67.25% of promoter holding, which is a positive de-leveraging signal, though the high ongoing pledge remains a concern. [BULLISH (de-leveraging)]
- BASF India ↓ (BULLISH)▲
The NCLT has approved a Scheme of Arrangement with BASF Agricultural Solutions India Limited, and meetings of creditors have been dispensed with. This is a positive step toward a clean demerger or restructuring, potentially unlocking value for BASF India shareholders.
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Revenue grew 6.5% YoY in Q4 and 4.8% for FY26, with profit up 23% YoY. However, the auditor flagged a ₹3,391.44 million regulatory query on IPO proceeds utilization, creating significant uncertainty. The company also recorded an exceptional employee benefit expense of ₹27 million. [MIXED/BEARISH]
- Transformers and Rectifiers (India) ↓ (BEARISH)▲
Shareholders approved the reappointment of an Independent Director, but 70.62% of institutional public shareholders voted against it. This is a strong signal of institutional dissatisfaction with governance or board composition.
- City Union Bank ↓ (BEARISH)▲
The RBI imposed a penalty of ₹10.10 lakh for violations related to agriculture loan charges and SHG data reporting. While the amount is small, the regulatory action is a negative signal for compliance culture.
- Dolphin Medical Services ↓ (BULLISH)▲
An open offer has been announced at ₹4.80 per share, a 167% premium over the pre-deal price of ₹1.80 per share. The acquirers have strong net worth (₹149.96 crore and ₹3.57 crore), and the deal signals a potential turnaround or value unlock.
Risk Flags (10)
- Yatra Online/Auditor Red Flag↓ [HIGH RISK]▼
The auditor's report includes an Emphasis of Matter regarding regulatory queries from NSE and SEBI on deposits/advances aggregating ₹3,391.44 million given from IPO proceeds. This is a major governance red flag and could lead to regulatory action or reputational damage.
- TCC Concept/Governance Failure↓ [HIGH RISK]▼
The auditor flagged that certain related party transactions were executed without prior shareholder approval under SEBI Listing Regulations. While management is taking corrective steps, this indicates weak internal controls and potential promoter overreach.
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Promoter Jaiprakash Associates disclosed the disposal of 1,64,48,30,118 equity shares (a massive block) without disclosing the buyer, price, or resulting promoter holding. This opacity is a major red flag and could signal financial distress or a change in control.
- Synthiko Foils (Belding India)/Qualified Audit [HIGH RISK]▼
The auditor issued a qualified opinion due to non-confirmation and non-reconciliation of vendor, inter-corporate deposit, and loan balances. This indicates serious accounting and financial control issues.
- NRB Bearings/High Promoter Pledge [HIGH RISK]▼
Despite the recent unpledging, promoter encumbrance remains at 67.25% of promoter holding. This is a significant risk, as a sharp decline in stock price could trigger margin calls and forced selling.
- Transformers and Rectifiers/Institutional Dissent↓ [MEDIUM RISK]▼
70.62% of institutional public shareholders voted against the reappointment of an Independent Director. This is a strong signal of governance concerns and could lead to further shareholder activism or negative coverage.
- City Union Bank/RBI Penalty↓ [MEDIUM RISK]▼
The RBI penalty for two specific violations (agriculture loan charges and SHG data reporting) indicates compliance gaps. While the penalty is small, it could be a precursor to more serious regulatory scrutiny.
- Associated Alcohols/Ethanol Volume Decline↓ [MEDIUM RISK]▼
Ethanol volumes declined 35% YoY due to industry oversupply. If this trend continues, it could pressure overall margins and profitability, despite strong IMFL growth.
- Paisalo Digital/Promoter Pledges↓ [LOW RISK]▼
Promoters created pledges of 40,00,000 shares for margin trading facilities. While the percentage is small (0.55% each), the use of shares for margin trading introduces risk of forced selling if the margin is not maintained.
- Kavveri Defence & Others/Lack of Deal Details [MEDIUM RISK]▼
Multiple SAST disclosures (Kavveri Defence, Omega Interactive, Hindustan Foods) lack deal size, valuation, or strategic rationale. This creates uncertainty and prevents investors from assessing the impact on minority shareholders.
Opportunities (10)
- Dolphin Medical Services/Open Offer Arbitrage↓ (OPPORTUNITY)◆
The open offer at ₹4.80 per share represents a 167% premium over the pre-deal price of ₹1.80. With strong acquirer net worth and no intention to delist, this offers a clear arbitrage opportunity for shareholders to tender at a significant premium.
- Monte Carlo Fashions/Strong Growth Trajectory↓ (OPPORTUNITY)◆
With Q4 revenue up 36% YoY, EBITDA up 353% YoY, and the Rock.it brand growing 86% YoY, the company is on a strong growth trajectory. The deferral of FY27 guidance to Q2 is a caution, but the underlying business momentum is powerful.
- Kajaria Ceramics/Buyback at Attractive Price↓ (OPPORTUNITY)◆
The buyback price of ₹1,380 per share is likely above the current market price, offering a direct arbitrage for shareholders who tender their shares. The promoter's non-participation also increases the acceptance ratio for public shareholders.
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With 15.8% revenue growth, 17% profit growth, and a 150% dividend, the company offers a rare combination of growth and yield. The clean audit and strong balance sheet make it a quality compounder.
- Associated Alcohols/IMFL Market Share Gains↓ (OPPORTUNITY)◆
The company gained 1.5% market share in Kerala, becoming the third largest private player. With guidance for 25-30% IMFL volume growth in FY27, the proprietary business is a strong growth driver that could offset ethanol weakness.
- BASF India/Restructuring Catalyst↓ (OPPORTUNITY)◆
The NCLT-approved Scheme of Arrangement with BASF Agricultural Solutions India Limited could unlock value through a demerger or restructuring. The dispensation of creditor meetings suggests a clean, fast-track process.
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The company's revenue and profit growth are exceptional (143.5% and 105.8% YoY in Q4). The governance issues create a discount that could narrow if management successfully resolves the related-party transaction concerns. [OPPORTUNITY (speculative)]
- NRB Bearings/De-leveraging Story (OPPORTUNITY)◆
The promoter trust's unpledging of 1.6% of capital, despite concurrent sales, is a step in the right direction. If this de-leveraging trend continues, it could significantly reduce the risk premium on the stock.
- Mastek Limited/Investor Conference Catalyst↓ (OPPORTUNITY)◆
The company is attending the 360 ONE Capital Annual Investor Conference on May 29, 2026. Positive takeaways from the conference could act as a near-term catalyst for the stock.
- Sudeep Pharma/Investor Conference Exposure↓ (OPPORTUNITY)◆
The company is participating in two major investor conferences (360 ONE Capital on May 28 and ICICI Securities on June 8). This increased visibility could attract new institutional investors.
Sector Themes (6)
- Apparel & Footwear Boom (SECTOR THEME)◆
Monte Carlo Fashions reported 36% YoY revenue growth in Q4, with its Rock.it brand (86% growth) and footwear (149% growth) outperforming. This suggests strong consumer demand in the branded apparel and footwear segment, particularly in tier-2/3 cities.
- Healthcare & Hospital Resilience (SECTOR THEME)◆
Kovai Medical Center reported 15.8% YoY revenue growth and 17% profit growth, with a clean audit and strong dividend. This reinforces the defensive and growth-oriented nature of the hospital sector, driven by rising healthcare spending and medical tourism.
- Alcohol & Breweries: Premiumization vs. Commodity Headwinds (SECTOR THEME)◆
Associated Alcohols shows a clear divergence: proprietary IMFL volumes grew 37% YoY (premiumization), while ethanol volumes fell 35% YoY (commodity oversupply). This highlights the importance of brand strength and pricing power in the sector.
- Governance & Auditor Scrutiny Intensifying (SECTOR THEME)◆
Multiple filings (Yatra Online, TCC Concept, Synthiko Foils) feature auditor red flags on IPO proceeds, related-party transactions, and balance sheet reconciliation. This suggests that auditors and regulators are tightening scrutiny, and companies with weak governance are being penalized by the market.
- M&A and Insider Activity Surge (SECTOR THEME)◆
There is a flurry of SAST disclosures (Dolphin Medical, Kavveri Defence, Omega Interactive, Hindustan Foods, Jaiprakash Power Ventures) and insider transactions (NRB Bearings, MTAR Technologies). This indicates a period of heightened corporate activity, possibly driven by valuation dislocations or strategic repositioning.
- Capital Allocation: Buybacks vs. Dividends vs. Debt (SECTOR THEME)◆
Kajaria Ceramics announced a ₹296.7 crore buyback (returning capital), Kovai Medical recommended a 150% dividend (rewarding shareholders), while Paisalo Digital promoters created pledges (raising debt). This divergence shows that companies are choosing different capital allocation strategies based on their growth stage and cash flow.
Watch List (8)
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The promoter's undisclosed sale of 1,64,48,30,118 shares is a major event. Watch for subsequent disclosures on the buyer, price, and resulting promoter holding. This could lead to a change in control or a distressed sale.
- Yatra Online/SEBI & NSE Queries↓ (WATCH)👁
The auditor flagged regulatory queries on IPO proceeds utilization. Watch for any regulatory action or clarification from the company. This could significantly impact the stock price.
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Management is taking corrective steps for the lack of prior shareholder approval. Watch for the outcome of these steps and any further regulatory scrutiny.
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The Board will decide the record date for the buyback. Watch for this announcement, as it will determine eligibility for the tender offer.
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Management deferred FY27 guidance to Q2 due to geopolitical uncertainties. Watch for the Q1 FY27 results and any guidance updates, especially regarding fuel price inflation impact.
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With ethanol volumes down 35% YoY due to oversupply, watch for any government policy changes on ethanol blending or pricing that could revive the business.
- City Union Bank/RBI Compliance↓ (WATCH)👁
The RBI penalty is a red flag. Watch for any further regulatory actions or the bank's compliance measures.
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The open offer at ₹4.80 per share is a key catalyst. Watch for the timeline of the offer, including the detailed public statement and the offer period.
Filing Analyses
(50)
23-05-2026
Yatra Online Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for the quarter grew 6.5% YoY to ₹1,479.37 million, while full-year revenue increased 4.8% to ₹6,356.47 million. Profit for the quarter surged to ₹135.13 million from ₹109.84 million in Q4 FY25, and full-year profit rose to ₹315.57 million from ₹276.20 million. However, the auditor's report includes an emphasis of matter regarding regulatory queries on IPO proceeds utilization of ₹3,391.44 million, and the company recorded an exceptional employee benefit expense of ₹27.00 million for the year.
- · Auditor's report includes an Emphasis of Matter regarding regulatory queries from NSE and SEBI on deposits/advances aggregating ₹3,391.44 million given from IPO proceeds till June 30, 2024.
- · Exceptional employee benefit expense of ₹27.00 million recorded in FY26 (vs. ₹21.00 million in Q3 FY26).
- · Marketing and sales promotion expenses declined 31.8% YoY to ₹176.14 million in FY26.
- · Service cost decreased 9.7% YoY to ₹2,515.05 million in FY26.
- · Other income fell 9.4% YoY to ₹302.11 million in FY26.
- · Basic EPS for FY26 improved to ₹2.42 from ₹1.76 in FY25.
- · Equity share capital remained unchanged at ₹156.92 million (face value ₹1 each).
- · Board meeting held on May 22, 2026, from 5:00 PM to 9:50 PM.
23-05-2026
Indian Bank has issued the notice for its 20th Annual General Meeting (AGM) scheduled for June 17, 2026, via video conferencing. The agenda includes the adoption of audited financial statements for the year ended March 31, 2026, declaration of a dividend on equity shares, approval of the reappointment of Managing Director Shri Ashutosh Chaudhary for three years from May 3, 2026, and a special resolution to raise up to ₹5,000 Crore in equity capital through QIP, FPO, or rights issue, with the government maintaining at least 52% stake. The filing does not provide financial results or performance metrics, so no positive or negative performance data is available.
- · Record date for dividend is June 10, 2026; dividend payment date is July 9, 2026.
- · Remote e-voting is open from 9:00 a.m. IST on June 13, 2026, to 5:00 p.m. IST on June 16, 2026.
- · Annual book closure is from June 11, 2026, to June 17, 2026 (both days inclusive).
- · The reappointment of MD Shri Ashutosh Chaudhary is for a three-year term starting May 3, 2026, subject to government approval.
- · The capital raise resolution allows for a discount of up to 5% on the minimum price as per SEBI ICDR regulations for QIP.
- · The government's shareholding will not fall below 52% of the paid-up equity capital at any time.
23-05-2026
TCC Concept Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for the quarter surged 143.5% YoY to ₹2,024.95 Lakhs, while net profit rose 105.8% YoY to ₹1,256.18 Lakhs. For the full year, revenue grew 185.4% to ₹6,327.25 Lakhs and net profit increased 224.6% to ₹4,107.78 Lakhs. However, the auditor's report includes an emphasis of matter regarding certain related party transactions for which prior shareholder approval under Regulation 23 of SEBI Listing Regulations was not obtained, though management is taking corrective steps. The Board also approved appointment of internal auditors and noted a promoter's request for reclassification from 'Promoter' to 'Public' category.
- · The Board meeting commenced on May 22, 2026 at 10:30 PM IST and concluded on May 23, 2026 at 2:00 AM IST.
- · Auditors issued an unmodified (clean) opinion on the standalone financial results.
- · The auditor's report includes an Emphasis of Matter regarding certain related party transactions for which prior shareholder approval under Regulation 23 of SEBI Listing Regulations was not obtained; management is taking corrective steps.
- · The Board appointed M/s. Dhirubhai Shah & Co LLP as Internal Auditor for FY 2026-27.
- · A promoter, Ms. Shefali Chintan Parikh, has requested reclassification from 'Promoter' to 'Public' category, subject to stock exchange approvals.
- · Basic EPS for Q4 FY26 stood at ₹26.4 (vs ₹17.1 in Q4 FY25) and for FY26 at ₹104.2 (vs ₹35.4 in FY25).
- · Total assets as at March 31, 2026 were ₹1,52,375.58 Lakhs, up from ₹69,025.64 Lakhs a year ago.
- · Non-current investments surged to ₹1,42,237.97 Lakhs from ₹62,308.21 Lakhs as at March 31, 2025.
- · Trade payables (other than MSME) increased to ₹257.26 Lakhs from ₹98.79 Lakhs a year ago.
- · Borrowings (non-current) decreased to ₹603.93 Lakhs from ₹1,008.74 Lakhs as at March 31, 2025.
23-05-2026
TCC Concept Limited has amended its 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)' as approved by the Board on May 22, 2026. The updated code, filed under Regulation 8(2) of SEBI PIT Regulations, reinforces transparency and fair disclosure principles, including a comprehensive list of what constitutes UPSI. No financial figures or performance metrics were disclosed in this filing.
- · The amended code was approved at the Board meeting on May 22, 2026 and filed on May 23, 2026.
- · The code includes a detailed list of 16 categories of UPSI, including financial results, dividends, mergers, fraud, defaults, forensic audits, and regulatory actions.
- · The Compliance Officer will serve as the Chief Investor Relations Officer (CIRO) for dissemination of UPSI.
- · A structured digital database of UPSI recipients must be maintained with tamper-proof controls including time stamping and audit trails.
23-05-2026
Windsor Machines Limited has completed the acquisition of a non-agriculture land parcel in Chibhda, Rajkot, Gujarat, for a consideration of ₹55.00 Crore. The land, measuring approximately 77,198 square meters, was previously held on a long-term lease and the transaction was approved by the Board on November 8, 2025, with registration finalized on May 22, 2026. The acquisition is not a related party transaction and the seller is M/s. Swastik Realty.
- · The land is located at Revenue Survey Nos. 1147, 1148, 1149 and 1177, Village Chibhda, Taluka Lodhika, District Rajkot, Gujarat.
- · The acquisition was approved by the Board of Directors on November 8, 2025, and the registration of the Deed of Conveyance was completed on May 22, 2026.
- · The seller, M/s. Swastik Realty, is not related to the promoter/promoter group/group companies.
- · The transaction does not fall within related party transactions and is done at arm's length.
23-05-2026
Belding India Limited (formerly Synthiko Foils Ltd.) reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company posted a net profit of ₹16,266 Lakh for FY26, a significant improvement from ₹2,411 Lakh in FY25, driven by discontinued operations which contributed ₹24,503 Lakh. However, continuing operations recorded a loss of ₹8,237 Lakh for FY26, compared to no reported profit in the prior year, and the auditor issued a qualified opinion due to non-confirmation and non-reconciliation of vendor and loan balances.
- · Auditor issued a qualified opinion due to non-confirmation and non-reconciliation of vendor, inter-corporate deposit, and loan balances.
- · The company's name changed from Synthiko Foils Limited to Belding India Limited.
- · Board meeting commenced on May 22, 2026 at 11:00 PM IST and concluded on May 23, 2026 at 5:30 AM IST.
- · Appointment of M/s. Mishra & Associates as Secretarial Auditor for 5 years (FY 2026-27 to FY 2030-31).
- · Appointment of M/s. Dhirubhai Shah & Co LLP as Internal Auditor for FY 2026-27.
- · Earnings per share (basic) for FY26: ₹0.38 (continuing + discontinued), compared to ₹1.39 in FY25.
- · Earnings per share (basic) from continuing operations for Q4 FY26: loss of ₹0.19 per share.
- · Total income from continuing operations for FY26: ₹37.90 Lakh (no prior year figure provided).
- · Total expenses from continuing operations for FY26: ₹117.00 Lakh.
- · Profit before tax from discontinued operations for FY26: ₹28,127 Lakh.
- · Tax expense on discontinued operations for FY26: ₹3,624 Lakh.
23-05-2026
Belding India Limited (formerly Synthiko Foils Ltd.) has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), as approved by the Board on May 22, 2026. The updated code outlines principles for timely, uniform, and non-selective disclosure of UPSI, including a detailed list of events considered price-sensitive, and designates the Compliance Officer as the Chief Investor Relations Officer. The amendment is a routine governance update with no financial impact disclosed.
- · The amended code was approved by the Board of Directors at its meeting held on Friday, May 22, 2026.
- · The code is accessible on the company's website at www.belding.in.
- · The company's registered office is at 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India.
- · The code includes a comprehensive list of 16 categories of events considered as Unpublished Price Sensitive Information (UPSI), ranging from financial results and dividends to fraud, defaults, and insolvency proceedings.
- · The Compliance Officer is designated as the Chief Investor Relations Officer (CIRO) for dissemination of information and disclosure of UPSI.
- · The company is required to maintain a structured digital database of recipients of UPSI with internal controls such as time stamping and audit trails.
23-05-2026
Rarever Financial Advisors Private Limited, on behalf of Acquirers Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar, has issued a Detailed Public Statement for an open offer to acquire up to 39,25,988 equity shares (26% of voting capital) of Dolphin Medical Services Limited at ₹4.80 per share, aggregating a maximum consideration of ₹1,88,44,743. The Acquirers have also entered into a Share Purchase Agreement to acquire 31,63,390 shares (20.95%) from the existing Promoter Sellers at ₹1.80 per share, totaling ₹56,94,102, and will subsequently gain control of the Target Company. The offer is made under Regulation 4 of the SEBI (SAST) Regulations, with the Acquirers confirming they have adequate financial resources (net worth of Acquirer 1: ₹149.96 Crore; Acquirer 2: ₹3.57 Crore) and no intention to delist the company.
- · The Acquirers are common directors of Datacipher Education Services Private Limited, Airtree Ventures Private Limited, Datacipher Limited, and Global Tech Skills Private Limited.
- · Acquirer 2 (Mr. Mallour Rajesh Kumar) is currently a Non-Executive Director of the Target Company and holds 1,327 equity shares as a public shareholder.
- · The Offer Price of ₹4.80 per share has been determined in accordance with Regulation 8(1) and 8(2) of the SEBI (SAST) Regulations, as the equity shares are frequently traded.
- · The Public Announcement was made on May 15, 2026, and the Detailed Public Statement is dated May 22, 2026.
- · The Acquirers have confirmed they are not wilful defaulters, fraudulent borrowers, or fugitive economic offenders, and have not been debarred by SEBI.
- · The existing Promoter Sellers will apply for reclassification from 'Promoter and Promoter Group' categories under Regulation 31A of SEBI (LODR) Regulations after the transaction.
- · The Acquirers do not intend to delist the Target Company pursuant to this offer.
23-05-2026
Ace Men Engg Works Limited has informed BSE that a Board Meeting will be held on May 29, 2026, to consider and approve the audited financial results (standalone and consolidated) for the fiscal year ended March 31, 2026. The filing is a routine corporate governance disclosure under SEBI LODR regulations and does not contain any financial figures or performance data.
- · Board meeting scheduled for May 29, 2026
- · Agenda includes approval of audited financial results for FY ended March 31, 2026 (standalone and consolidated)
- · Company's CIN: L52100GJ1980PLC100420
- · Scrip Code: 539661
23-05-2026
Sudeep Pharma Ltd has informed the stock exchanges that its officials will participate in two upcoming investor conferences: the 360 ONE Capital (B&K) 16th Annual Investor Conference 'TRINITY INDIA 2026' on 28th May 2026 in Mumbai, and the ICICI Securities India Investor Conference 'India Rising: The Next Chapter' on 8th June 2026 in Mumbai. The meetings will be conducted in physical 1x1 or group format, and discussions will be based only on publicly available information.
- · The filing is a routine disclosure under Regulation 30 of SEBI Listing Regulations, 2015.
- · Two specific conferences are scheduled: 360 ONE Capital event on 28th May 2026 and ICICI Securities event on 8th June 2026.
- · No unpublished price sensitive information (UPSI) will be shared; discussions will be based on publicly available information.
- · Changes in schedule may occur due to exigencies on the part of the host or company.
23-05-2026
Trilochan Singh Sahney Trust 1 unpledged 15,51,161 equity shares (1.6% of total share capital) of NRB Bearings Ltd on May 22, 2026, due to prepayment of loan to Aditya Birla Capital Ltd. Post-unpledge, promoter holding remains 49.29%, but encumbered shares are still high at 67.25% of promoter holding. The security value is ₹1187.15 Cr against an amount involved of ₹263 Cr, providing a cover of 4.5:1.
- · The unpledge was in favor of Aditya Birla Capital Limited.
- · Other promoters (Harshbeena Sahney Zaveri, etc.) had no changes in encumbrance.
- · Post-event, encumbered shares as % of promoter holding is 67.25%.
- · Security value cover ratio is 4.5:1.
23-05-2026
Meghna Infracon Infrastructure Limited has scheduled a conference call for analysts and investors on May 27, 2026 at 12:00 PM IST to discuss Q4 FY26 and full-year FY26 operational and financial performance. The call will be led by Managing Director Mr. Vikram Lodha and COO Mr. Amit Sathe. No financial results or performance data are disclosed in this filing.
- · Conference call scheduled for Wednesday, May 27, 2026 at 12:00 PM IST.
- · Primary access numbers: +91 22 6280 1102 and +91 22 7115 8003.
- · International toll-free numbers: USA (18667462133), UK (08081011573), Singapore (8001012045), Hong Kong (800964448).
- · Diamond Pass link available for participation.
- · Contact for further information: Mohit Upadhyay (9664235903) and Shubham Sangle (7039516755) at Adfactorspr.
23-05-2026
Trilochan Singh Sahney Trust 1 unpledged 15,51,161 equity shares (1.6% of total share capital) of NRB Bearings Limited on May 22, 2026, following prepayment of a loan to Aditya Birla Capital Limited. Post-event, promoter encumbrance stands at 3,21,22,520 shares (67.25% of promoter holding), with a security cover of 4.5:1 against an outstanding loan amount of Rs. 263 Crore. The unpledge reduces encumbrance but promoter pledge remains high at over 67%.
- · Promoter encumbrance remains above 50% of promoter shareholding (67.25%) and above 20% of total share capital (33.1% approx).
- · The unpledge was executed by Trilochan Singh Sahney Trust 1, reducing its own encumbered shares from 30,05,000 to 14,53,839 shares.
- · Harshbeena Sahney Zaveri holds 4,02,07,885 shares (41.48% of total capital) with zero encumbrance post-event.
- · The security cover ratio is 4.5:1, indicating ample collateralization.
- · The loan prepayment was for personal use by the promoter/PACs, not for the benefit of the listed company.
23-05-2026
The filing is a disclosure under SEBI (SAST) Regulation 29(1) for a substantial acquisition of shares in Kavveri Defence & Wireless Technologies Limited by Upendrakumar Narottamdas Shah HUF and its Persons Acting in Concert (PACs). The filing does not disclose the deal size, valuation, or specific financial terms. No financial metrics, promoter changes, or scheduled events are mentioned. The disclosure is purely procedural under SEBI SAST regulations, providing no quantitative data for investment analysis.
23-05-2026
Omega Interactive Technologies Ltd. has received a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 from Doxtrec Trade Pvt Ltd. The filing indicates a potential substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale is disclosed. The event is purely informational at this stage, with no financial or operational details provided.
- · The disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- · The acquirer is Doxtrec Trade Pvt Ltd, but no further details about the entity are provided.
- · No information on the number of shares acquired, percentage of stake, or transaction value is disclosed in the filing.
23-05-2026
Monte Carlo Fashions reported Q4 FY26 revenue of INR280 crore (+36% YoY) and EBITDA of INR26 crore (+353% YoY), with PAT of INR5 crore vs loss of INR10 crore in Q4 FY25. For FY26, revenue was INR1,276 crore (+16% YoY), EBITDA INR227 crore (+22% YoY), and PAT INR112 crore (+38% YoY). However, management noted potential inflation risks from fuel price hikes that could impact consumer spending, and deferred FY27 guidance to Q2 due to geopolitical uncertainties.
- · Rock.it brand gross sales grew 86% in FY26.
- · Footwear gross sales surged 149% in FY26.
- · Online net sales grew 38% in FY26.
- · Volume growth for FY26 was 12%.
- · Company added 2 new Cloak & Decker brand EBOs, total count now 24.
- · Company plans to open 40-45 EBOs in FY27, focusing on Western and Southern regions.
- · Company partnered with quick commerce platforms (Blinkit, Swiggy, Zepto) for 30-minute deliveries.
- · Company has signed a 40 MW solar PPA with Madhya Pradesh government; capex INR130-140 crore, debt 75%, equity 25%; projected IRR 15-16% over 25 years; expected annual revenue INR15-16 crore.
- · Company took a price hike of 7-8% to cover raw material increases.
- · Management deferred FY27 guidance to Q2 due to geopolitical uncertainties.
- · Management noted potential inflation risk from fuel price hikes that could impact consumer spending.
23-05-2026
Hindustan Foods Ltd has filed a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 for Sameer Kothari & Others. The filing is a regulatory disclosure related to substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale is provided. The sector is classified as technology, though Hindustan Foods is primarily a food processing company, indicating a possible sector misclassification or a technology-related acquisition.
- · Filing date: May 23, 2026
- · Source: BSE
- · Regulation: SEBI SAST Regulation 29(1)
- · Acquirer: Sameer Kothari & Others
- · Sector classified as technology (may be inconsistent with Hindustan Foods' primary business)
23-05-2026
Mastek Limited informed stock exchanges that its officials will attend the 360 ONE Capital (B&K) Annual Investor Conference on May 29, 2026, in Mumbai/In-Person mode. The discussion will cover company-specific annual developments already in the public domain, and no unpublished price sensitive information (UPSI) will be shared.
- · The investor meet is scheduled for May 29, 2026, at 9:00 AM Mumbai time.
- · Venue: Mumbai / In-Person.
- · The conference is named 'TRINITY INDIA 2026'.
- · The company confirms no UPSI will be shared.
- · The information is also hosted on the company's website at www.mastek.com.
23-05-2026
Hindustan Foods Ltd has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding a substantial acquisition of shares by Sameer Kothari & Others. The filing is a regulatory disclosure and does not provide any financial details, deal structure, or strategic rationale. No quantitative data, valuation metrics, or timeline for the acquisition are disclosed, limiting the ability to assess materiality or impact.
- · Filing is under Regulation 29(2) of SEBI SAST Regulations, which typically requires disclosure when an acquirer crosses certain thresholds (e.g., 5%, 10%, 14%, 54%, 74%) or makes a public announcement for an open offer.
- · The acquirer is 'Sameer Kothari & Others', indicating a group or PAC (persons acting in concert).
- · No details on the number of shares acquired, percentage of stake, or consideration are provided in the summary.
- · The company is classified under the technology sector, but the filing does not confirm this or provide sector-specific context.
23-05-2026
Concord Biotech Limited has informed the stock exchanges that its Board of Directors will meet on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The Board will also recommend a final dividend on equity shares, subject to shareholder approval at the ensuing Annual General Meeting. The trading window remains closed until 48 hours after the results are declared.
- · The Board meeting is scheduled for Friday, May 29, 2026.
- · The trading window has been closed since March 27, 2026, and will remain closed until 48 hours after the results declaration.
- · The company's registered office is at 1482-1486, Trasad Road, Dholka, Dist. Ahmedabad-382225.
- · The filing is made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
23-05-2026
Hindustan Foods Ltd filed a disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011 for Sameer Kothari & Others. The filing is a regulatory compliance disclosure regarding substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale details are provided. The sector is listed as technology, though Hindustan Foods is primarily a food manufacturing company, which may indicate a sector misclassification or a strategic shift.
- · Filing date: May 23, 2026
- · Source: BSE
- · Sector classified as technology, but Hindustan Foods Ltd is primarily in the food processing sector
- · Disclosure under Regulation 10(6) of SEBI SAST Regulations, 2011
23-05-2026
C.J. Gelatine Products Ltd. has informed the stock exchange that a Board Meeting will be held on May 30, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The meeting is scheduled at the company's factory premises in Mandideep, Madhya Pradesh. No financial figures or performance data are provided in this filing.
- · Board meeting date: May 30, 2026 at 1:30 PM IST
- · Meeting venue: Factory premises at 21, New Industrial Area, Mandideep, Raisen, Madhya Pradesh
- · Agenda includes adoption of audited financial statements/results for Q4 and FY ended March 31, 2026, and the Auditors' Report
- · Filing made under Regulation 29, 30, 33 and Schedule III of SEBI LODR Regulations
23-05-2026
Jaiprakash Associates Limited, the promoter of Jaiprakash Power Ventures Limited, has disclosed the disposal of 1,64,48,30,118 equity shares of Jaiprakash Power Ventures Limited under Regulation 29(2) of the SEBI Takeover Regulations. The filing does not provide the consideration amount, the buyer, or the resulting shareholding percentage, making it a significant but incomplete disclosure for investors.
- · The disposal involves 1,64,48,30,118 equity shares, which is a substantial block of shares.
- · The filing does not disclose the sale price, buyer identity, or the resulting promoter shareholding percentage.
- · The disclosure is made under Regulation 29(2) of SEBI Takeover Regulations, which typically requires disclosure of any acquisition or disposal of shares exceeding specified thresholds.
23-05-2026
Promoter Kavitha Reddy Gangapatnam sold 22,741 equity shares of MTAR Technologies Limited on May 21, 2026, reducing her shareholding from 0.79% to 0.72% of the total voting capital. The sale was executed on the open market and disclosed under SEBI Takeover Regulations.
- · The sale was made on May 21, 2026, and disclosed on May 22, 2026.
- · The promoter's holding decreased from 0.79% to 0.72% of total voting capital.
- · The total voting capital of the company is 3,07,59,591 equity shares of ₹10 each.
- · The sale was executed on the open market.
- · Other persons acting in concert (PACs) with the seller include Venkata Suprathik Reddy Gangapatnam, Usha Reddy Chigarapalli, D Anitha Reddy, and P Jayaprakash Reddy.
23-05-2026
Trilochan Singh Sahney Trust 1 (a PAC with the Promoter) disclosed the sale of 3,55,208 equity shares (0.37% of total capital) of NRB Bearings Limited via open market on May 21-22, 2026, along with the release of 15,51,161 pledged shares (1.60% of capital) on May 22, 2026. Post-transaction, the Trust’s total holding (voting + encumbered) decreased from 5.45% to 5.09% of the total capital, with encumbered shares reducing from 3.10% to 1.50%—a significant reduction in pledged exposure.
- · Sale of 3,10,239 shares on May 21 and 44,969 shares on May 22 — a total of 3,55,208 equity shares (0.37%) sold in the open market.
- · Before the transactions, the Trust held 22,79,761 voting shares (2.35%) and 30,05,000 pledged shares (3.10%). After, it holds 34,75,714 voting shares (3.59%) and 14,53,839 pledged shares (1.50%). Net holding decreased from 52,84,761 (5.45%) to 49,29,553 (5.09%).
- · The release of pledged shares (15,51,161 shares) was concurrent with the sales, resulting in a net increase in unencumbered voting shares by about 11,95,953 shares (from 22,79,761 to 34,75,714).
- · The face value per share is ₹2, and total share capital remained at 9,69,22,600 shares.
23-05-2026
KNR Constructions Limited has scheduled an investor conference call on June 1, 2026 at 11:30 AM IST to discuss the company's financial performance for the quarter ended March 31, 2026 (Q4 FY26). The call will be led by Executive Director & CFO Mr. K. Jalandhar Reddy and General Manager (Finance & Accounts) Mr. K Venkatram Rao. No financial results or performance data are disclosed in this filing.
- · The conference call is scheduled for Monday, June 1, 2026 at 11:30 AM IST.
- · Participants must pre-register via a provided link.
- · International dial-in numbers are available for USA, UK, Singapore, and Hong Kong.
- · The filing references SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
23-05-2026
Shree Tirupati Balajee Agro Trading Company Limited has informed the stock exchanges that its Board Meeting (01/BM/2026-27) is scheduled for May 29, 2026, at 3:00 PM at its registered office in Pithampur, Dhar, MP. The meeting will consider and approve the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, along with the statutory auditors' report and financial statements. The trading window has been closed since April 1, 2026, and will remain closed until 48 hours after the results are made public.
- · Board Meeting scheduled for May 29, 2026 at 3:00 PM at Plot No-192, Sector-1, Pithampur, Dhar, MP 454775.
- · Agenda includes approval of audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
- · Trading window closed from April 1, 2026 until 48 hours after results announcement.
- · Company is ISO 9001:2015 certified and manufactures HDPE/PP woven sacks, FIBC, jumbo bags, BOPP/non-woven bags, and tarpaulin.
23-05-2026
BASF India Limited notified stock exchanges that the recording of its Analyst/Fund Managers Meeting held on May 22, 2026, has been uploaded to the company's website under the investor disclosures section. The filing is a procedural compliance intimation under Regulation 30 of SEBI LODR and provides no financial or business performance data.
- · Meeting date: May 22, 2026 at 4:00 p.m. (IST)
- · Recording link available via company website: www.basf.com/in under BASF India Investor – Disclosures under Regulation 46 – Schedule of Analysts or Institutional Meet and Presentations made to analysts or institutional investors - 2026
- · Filing made under Regulation 30 of SEBI (LODR) Regulations, 2015
23-05-2026
Umiya Tubes Limited filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Bhikhaji Kacharaji Chavda. The filing is a procedural regulatory disclosure and does not contain any financial details, deal structure, valuation, or strategic rationale. No quantitative data, named entities beyond the acquirer, or scheduled events are provided. The analysis is limited due to the lack of substantive information.
23-05-2026
Intense Technologies Limited has informed the stock exchanges that a Board Meeting is scheduled for May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window for designated persons has been closed from April 1, 2026, until 48 hours after the results are declared.
- · Board meeting date: May 29, 2026
- · Trading window closure period: April 1, 2026 until 48 hours after results declaration
- · Meeting will consider audited standalone and consolidated financial results under Ind AS for Q4 and FY ended March 31, 2026
- · Statutory auditors' report will also be taken on record
23-05-2026
Thomas Scott (India) Limited has informed the stock exchanges that a Board Meeting will be held on May 30, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The trading window has been closed from April 1, 2026, and will remain closed until 48 hours after the results are declared.
- · Board meeting scheduled for Saturday, May 30, 2026.
- · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026.
- · Trading window closed from April 1, 2026, until 48 hours after results declaration.
- · Reference to prior intimation dated March 24, 2026 regarding trading window closure.
23-05-2026
BASF India Limited has published newspaper advertisements on May 23, 2026, convening a meeting of equity shareholders to approve a Scheme of Arrangement with BASF Agricultural Solutions India Limited, as directed by the National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT has dispensed with meetings of secured and unsecured creditors of BASF India and all meetings of the Resulting Company's stakeholders. No financial figures for BASF India are disclosed in this filing.
- · The NCLT order was dated March 20, 2026, read with order dated April 8, 2026.
- · Meetings of secured and unsecured creditors of BASF India Limited have been dispensed with.
- · Meetings of equity shareholders, secured creditors, and unsecured creditors of BASF Agricultural Solutions India Limited have also been dispensed with.
- · The newspaper advertisements were published in Business Standard (English) and Loksatta (Marathi) on May 23, 2026.
23-05-2026
Promoters Santanu Agarwal and Sunil Purushottanm Agarwal each pledged 20,00,000 equity shares (face value Re. 1 each) of Paisalo Digital Limited on May 21, 2026, in favor of Motilal Oswal Financial Services Limited solely for availing margin trading facility, with no transfer of ownership or control. Post-pledge, Santanu Agarwal's total encumbered shares stand at 50,21,000 (0.55% of total share capital), and Sunil Purushottanm Agarwal's at 50,00,000 (0.55%). The pledges are part of a series of recent encumbrances, with total security cover values ranging from Rs. 1.08 Crore to Rs. 10.06 Crore, and the pledged shares represent a small fraction of total promoter holdings.
- · The pledges were created on May 21, 2026, and reported on May 22, 2026.
- · Santanu Agarwal's total promoter shareholding is 3,87,15,000 shares (4.26% of total share capital).
- · Sunil Purushottanm Agarwal's total promoter shareholding is 11,06,92,800 shares (12.17% of total share capital).
- · Other promoter group entities (Pro Fitcch Pvt. Ltd., Pri Caf Pvt. Ltd., Equilibrated Venture Cflow Pvt. Ltd.) have existing encumbered shares but no new pledges in this filing.
- · The ratio of security cover to amount involved for all four encumbrances ranges from 1.58 to 1.67.
- · The pledged shares are not related to any debt instrument issuance by the company.
23-05-2026
Promoters Santanu Agarwal and Sunil Purushottanm Agarwal created pledges of 20,00,000 equity shares each (totaling 40,00,000 shares) on May 21, 2026, in favor of Motilal Oswal Financial Services Limited solely for availing margin trading facility, with no transfer of ownership or control. The pledges increase Santanu Agarwal's encumbered shares to 50,21,000 (0.55% of total share capital) and Sunil Purushottanm Agarwal's to 50,00,000 (0.55% of total share capital). However, overall promoter encumbrance remains low, with Santanu Agarwal's encumbered shares at 12.97% of his promoter holding and Sunil Purushottanm Agarwal's at 4.52% of his promoter holding, and no promoter has 50% or more of their holding encumbered.
- · The pledges were created on May 21, 2026, and reported on May 22, 2026.
- · The pledges are for availing margin trading facility and do not involve transfer of ownership or control.
- · Other promoters (Pro Fitcch Pvt. Ltd., Pri Caf Pvt. Ltd., Equilibrated Venture Cflow Pvt. Ltd., Ms. Suneeti Agarwal, Sulabhya Paramita Private Trust, Suneeti Dolaa Private Trust) did not create any new encumbrance in this event.
- · The ratio of asset cover (value of shares) to amount involved for all pledges is 1.58 or 1.67, indicating adequate collateral.
- · No promoter has 50% or more of their shareholding encumbered, and no encumbrance reaches 20% of total share capital.
23-05-2026
BN Agrochem Limited (formerly BN Holdings Limited) has notified BSE that a Board Meeting will be held on May 29, 2026 to consider and approve the audited standalone and consolidated financial results for Q4 FY2026 and the full year ended March 31, 2026. The trading window has been closed since April 1, 2026 and will reopen 48 hours after the results are announced. No financial figures or prior-period comparisons are provided in this filing.
- · Company formerly known as BN Holdings Limited (name change to BN Agrochem Limited)
- · Trading window closed from April 01, 2026 and will reopen 48 hours after results announcement
- · Board meeting to be conducted through audio visual means
- · Board will also consider the Audit Report of the Auditors for the corresponding period
23-05-2026
Scoobee Day Garments (India) Limited 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 insiders has been closed from April 1, 2026, until 48 hours after the results are declared, in compliance with insider trading regulations.
- · Board meeting scheduled for May 29, 2026.
- · Agenda includes approval of audited financial results for Q4 and full year ended March 31, 2026.
- · Trading window closed from April 1, 2026, until 48 hours after results declaration.
- · Compliance cited with SEBI (Prohibition of Insider Trading) Regulations, 2015 and BSE circular dated April 2, 2019.
23-05-2026
INDO SMC Ltd has informed the stock exchange about the audio recording of an investor meet held on May 22, 2026, providing a link to the earnings call for FY26. The company also stated that a transcript will be uploaded in due course. No financial figures or performance details are disclosed in this filing.
- · Investor meet held on 22nd May 2026 at 04:00 PM IST
- · Audio recording URL: https://indosmc.com/wp-content/uploads/2026/05/Indo-Smc-Ltd-FY26-Earnings-Call.mp3
- · Transcript will be uploaded later on the stock exchange and company website
23-05-2026
Kajaria Ceramics Limited has issued a Postal Ballot Notice seeking shareholder approval via special resolution for a buyback of up to 21,50,000 equity shares (1.35% of paid-up capital as of March 31, 2026) at ₹1,380 per share, for an aggregate amount not exceeding ₹296.70 crore, excluding taxes and transaction costs. The buyback will be conducted through the Tender Offer route on a proportionate basis, with 15% reserved for small shareholders; the promoter group has expressed its intention not to participate. The remote e-voting period runs from May 24, 2026 to June 22, 2026, with results announced on or before June 23, 2026.
- · The buyback represents 10.27% (standalone) and 9.87% (consolidated) of the aggregate paid-up capital and free reserves as per audited FY26 financials, within the statutory limit of 25%.
- · Promoter and promoter group members have expressed intention not to participate in the buyback.
- · Record date for determining eligible shareholders will be decided subsequently by the Board.
- · Remote e-voting opens at 9:00 a.m. IST on May 24, 2026 and closes at 5:00 p.m. IST on June 22, 2026.
- · Results will be announced on or before the close of working hours on June 23, 2026.
23-05-2026
Kovai Medical Center & Hospital Ltd reported strong annual results for FY26, with total revenue rising 15.8% YoY to ₹1,61,388.41 Lakhs and net profit increasing 17.0% to ₹24,446.00 Lakhs. The Board recommended a final dividend of ₹15 per share (150% on face value of ₹10). However, on a sequential quarterly basis, Q4 FY26 profit before tax declined 3.3% from Q3 FY26, and the healthcare segment's profit before interest and tax also fell 4.2% quarter-on-quarter.
- · Auditors issued an unmodified (clean) opinion on the annual financial results.
- · The Board fixed the record date for dividend entitlement as 19 August 2026.
- · The 40th Annual General Meeting is scheduled for 26 August 2026, with book closure from 20 to 26 August 2026.
- · Cost Auditor V. Sakthivel and Internal Auditor G. Jawaharlal were re-appointed for FY27.
- · Cash and cash equivalents surged to ₹6,372.38 Lakhs as on 31 March 2026 from ₹1,429.90 Lakhs a year earlier, driven by strong operating cash flow of ₹36,183.43 Lakhs.
- · Total borrowings (non-current + current) decreased to ₹36,928.14 Lakhs from ₹38,189.88 Lakhs as on 31 March 2025.
- · The company has no subsidiaries, associates, or joint ventures; hence no consolidated results are presented.
- · The company assessed the impact of the four new Labour Codes and concluded there is no material incremental liability.
23-05-2026
Transformers and Rectifiers (India) Limited announced that shareholders have approved the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second term of five years (25 May 2026 – 24 May 2031) via postal ballot. The resolution received overwhelming support from promoters (100% in favour) and non-institutional public shareholders (99.93% in favour), but institutional public shareholders voted 70.62% against the resolution, indicating significant dissent from that category.
- · Record date for voting eligibility was 17 April 2026.
- · E-voting concluded at 5:00 PM IST on 22 May 2026.
- · Scrutinizer Tapan Shah (CS Membership No. 2839) submitted report on 23 May 2026.
- · Promoter group holds 193,198,300 shares (85.24% of total outstanding).
- · Public-Institutions hold 26,904,768 shares; Public-Non Institutions hold 80,062,771 shares.
- · Total outstanding shares: 300,165,839.
- · Votes polled: 216,141,085 (72.01% of outstanding).
- · Votes in favour: 200,162,703 (92.61% of polled); Votes against: 15,978,382 (7.39% of polled).
- · Resolution was a Special Resolution and passed.
23-05-2026
Karnawati Innovation Limited (formerly Bisil Plast Limited) has announced a Board Meeting scheduled for May 28, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The meeting will also take on record the statutory audit report and approve the audited financial statements including the balance sheet, profit and loss statement, and cash flow statement. No financial figures or performance data are provided in this filing, so no period-over-period comparisons or sentiment assessment can be made.
- · The company was formerly known as Bisil Plast Limited and has changed its name to Karnawati Innovation Limited.
- · The Board Meeting is scheduled for Thursday, May 28, 2026, at the registered office in Ahmedabad, Gujarat.
- · The filing is made under Regulation 29(1)(a) and (e) of SEBI (LODR) Regulations, 2015.
- · The company will also file the corporate announcement in XBRL format within the stipulated time.
23-05-2026
Sharpline Broadcast Limited has informed the stock exchanges that a Board Meeting will be held on May 28, 2026, to consider and take on record the audited financial results for the quarter and year ended March 31, 2026. The trading window for equity shares will reopen on May 31, 2026. No financial figures or performance data are provided in this filing.
- · Board meeting scheduled for Thursday, May 28, 2026 at 12:00 P.M. at the registered office.
- · Agenda includes consideration of audited financial results for Q4 and FY ended March 31, 2026.
- · Trading window will reopen on May 31, 2026.
- · Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015.
23-05-2026
Bang Overseas Limited has informed the stock exchanges that a Board Meeting is scheduled for May 29, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The trading window for designated persons remains closed from April 1, 2026, until 48 hours after the results are declared.
- · The Board Meeting is scheduled for Friday, May 29, 2026.
- · The trading window has been closed since April 1, 2026, and will remain closed until 48 hours after the results declaration.
- · The filing references a prior intimation dated March 24, 2026.
23-05-2026
My Money Securities Ltd. has scheduled a Board Meeting on May 30, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's shares will remain closed from April 1, 2026, to June 1, 2026, in compliance with SEBI insider trading regulations.
- · Board meeting date: Saturday, May 30, 2026
- · Trading window closure: April 1, 2026 to June 1, 2026 (both days inclusive)
- · Financial results to be considered: Audited Standalone for Q4 and FY ended March 31, 2026
- · BSE Scrip Code: 538862
- · CIN: L67120DL1992PLC047890
23-05-2026
Kovai Medical Center & Hospital Ltd has scheduled its 40th Annual General Meeting (AGM) for August 26, 2026, via video conference, and announced a book closure from August 20 to August 26, 2026. The Board has recommended a final dividend of 150% (₹15 per share) for FY 2025-26, payable to shareholders on record as of August 19, 2026. The e-voting period runs from August 23 to August 25, 2026.
- · AGM will be held through Video Conference (VC) or Other Audio Visual Means (OAVM) at the registered office in Coimbatore.
- · Register of Members and Share Transfer Books closed from August 20 to August 26, 2026 (both days inclusive).
- · Cut-off date for e-voting entitlement is August 19, 2026.
- · E-voting period: August 23, 2026 (9:00 AM IST) to August 25, 2026 (5:00 PM IST).
- · Dividend, if approved, will be paid within 30 days of the AGM.
23-05-2026
City Union Bank Limited has been penalized by the Reserve Bank of India (RBI) for two violations: levying loan-related charges on certain agriculture priority sector loans up to ₹25,000, and failing to report Self Help Group member-level data to Credit Information Companies. The total penalty imposed is ₹10.10 lakh (₹10,10,000), comprising ₹10 lakh for the first charge and ₹0.10 lakh for the second. The bank received the order on May 22, 2026, and has disclosed this as required under SEBI Listing Regulations.
- · The penalty was levied based on a Statutory Inspection for Supervisory Evaluation of the Bank as of March 31, 2025.
- · The RBI sustained two specific charges: (i) levying loan-related charges on certain agriculture priority sector loans up to ₹25,000, and (ii) not reporting Self Help Group member level data to Credit Information Companies.
- · The penalty order was dated May 20, 2026, and received by the bank on May 22, 2026.
- · The disclosure is made under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular dated January 30, 2026.
23-05-2026
Colgate-Palmolive (India) Limited has informed the stock exchanges of the availability of a video recording of the analyst conference call held on May 22, 2026, to discuss the financial results for Q4 and FY ended March 31, 2026. The filing provides the company website link for the recording but does not include any financial figures or performance data.
- · The analyst conference call was held on May 22, 2026 at 05:30 p.m. IST.
- · The video recording is available at https://www.colgateinvestors.co.in/presentation-to-analyst/presentation-details-2026
- · The filing references prior letters dated May 18, 2026 and May 22, 2026 regarding the same call.
23-05-2026
The Indian Wood Products Co. Ltd. has published newspaper advertisements in Financial Express (English, All India) and Arthik Lipi (Bengali, West Bengal) to notify shareholders and the public of a Board Meeting scheduled for May 30, 2026, as required under Regulation 47 of SEBI LODR. The filing is purely procedural and contains no financial results or operational updates.
- · Newspaper publications: Financial Express (English, All India Editions) and Arthik Lipi (Bengali, West Bengal Edition).
- · Board Meeting date: May 30, 2026.
- · Company CIN: L20101WB1919PLC003557.
- · Registered office: 9, Brabourne Road, Kolkata - 700 001.
- · Stock exchange: BSE Limited, Script Code 540954.
23-05-2026
Associated Alcohols & Breweries reported Q4 FY26 net revenue of INR239 crore, with EBITDA up 13% YoY to INR40 crore and PAT up 5% YoY to INR24 crore. Proprietary IMFL volume grew 37% YoY to 6.6 lakh cases, while ethanol volumes declined 35% YoY due to industry oversupply. The company guided for FY27 EBITDA margin of ~15% and expects IMFL volume growth of 25-30%.
- · Overall top line remained flattish due to transition of Inbrew business from IMFL licensing to contract manufacturing.
- · Proprietary IMFL business recorded 32% YoY volume growth for full FY26.
- · Company gained 1.5% market share in Kerala, becoming third biggest private player there.
- · Acquisition of SDF Industries Limited announced on 16th April 2026 to enhance bottling capabilities in Kerala.
- · Commissioned a 6,000 KLPD malt facility to strengthen whiskey portfolio.
- · ENA production capacity enhanced to 50 million liters from 47 million liters.
- · Ethanol volume decline of 35% YoY due to industry oversupply; company exploring non-OMC buyers and expects improvement from potential blending policy changes.
- · War impact: increase in packaging material costs (PET, paper, aluminum); mitigation through value engineering and EDP increases.
- · Guidance: FY27 EBITDA margin around 15%; IMFL volume growth expected 25-30%.
- · Plans to enter Andhra Pradesh and Karnataka.
- · Orange CP Vodka achieved ~25% market share in MP within 6 months of launch.
- · Tequila launch delayed due to shipment issues; both brandy and tequila expected by H1 FY27.
- · IMFL own brand EBITDA margin reached highest ever quarterly at 22%.
- · Merchant ENA volume grew 129% YoY, revenue grew 128% YoY.
- · IMIL volume stood at 9.8 lakh cases in Q4 FY26, revenue grew 7% YoY to INR62 crore.
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