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India Stock Market Daily Regulatory Digest — May 25, 2026

Daily India Market Intelligence

By Gunpowder Editorial ·

3 high priority 47 medium priority 50 total filings analysed

Executive Summary

The May 25, 2026 filing batch reveals a market dominated by Q4/FY26 earnings season preparations, with over 30 companies scheduling board meetings for results approval. The most significant sector theme is a clear divergence between strong annual performance and Q4 weakness, particularly in industrials and real estate.

HeidelbergCement India, Kaira Can, and Ajmera Realty all show robust full-year revenue growth (8-31%) but Q4 profit declines (10-19%), suggesting a broad-based demand slowdown or margin compression in the March quarter. The standout positive is TVS Motor Company, ranked #1 globally in shareholder value creation with 51% average annual TSR, supported by record sales (+24% YoY) and revenue (+30% YoY). A notable capital allocation pattern emerges with multiple companies recommending dividends despite mixed performance. The open offer for Tejassvi Aaharam at exactly par value (₹10/share) with zero premium warrants attention as a potential undervaluation signal. Insider activity is limited but Mideast Integrated Steels' board changes and operational resolutions signal a turnaround attempt. Overall, the digest points to cautious optimism with a watchful eye on Q4 margin trends and forward guidance from upcoming earnings calls.

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

Filing types in this digest: Corporate governance · Company update · Corporate action · Open offer · M&A

Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from May 24, 2026.

Investment Signals (12)

  • Ranked #1 globally in 'Durable Consumer Goods' by BCG for shareholder value creation; delivered 51% average annual TSR (2021-2025); record sales 5.89M units (+24% YoY), revenue ₹47,270 Cr (+30% YoY), operating PBT ₹4,975 Cr (+40% YoY)

  • FY26 revenue grew 8.4% YoY to ₹23,296M, net profit +25.5% to ₹1,340M; debt-to-equity flat at 0.05, interest coverage ratio improved to 84.18 from 31.00; recommended ₹7/share dividend (70%)

  • FY26 total income up 5.9% to ₹24,586 Cr; net profit surged 526% to ₹384.48 Cr from ₹61.42 Cr; recommended ₹12/share dividend (120%)

  • Q4 revenue grew 45.6% YoY to ₹1,639M; FY26 revenue +29.7% to ₹5,919M; strong growth trajectory in healthcare

  • FY26 revenue ₹543.52 Cr (+33.3% YoY); unmodified audit opinion; recommended ₹0.75/share dividend (7.5%); positive momentum in renewable energy

  • FY26 revenue +12.4% to ₹9,768 Lakh, net profit +27.9% to ₹373 Lakh; recommended ₹2/share dividend (20%); clean audit opinion

  • Q4 FY26 net profit declined 10.4% YoY to ₹452.1M despite 5.5% revenue growth; exceptional charge of ₹34.8M for labour code implementation; cash dropped 85% to ₹675M from ₹4,536M

  • Q4 net profit collapsed 72% to ₹50.07 Lakh from ₹179.13 Lakh YoY; total comprehensive income declined 26.6% to ₹26,270 Lakh from ₹35,797 Lakh

  • Standalone Q4 revenue down 0.7% YoY; net profit fell 18.8% to ₹4,646 Lakh; inventories rose 26.5% to ₹66,351 Lakh, indicating potential inventory overhang

  • Revenue doubled to ₹345.86 Cr (+125% YoY) but cash flow from operations turned deeply negative at -₹250.10 L (vs -₹51.60 L); current liabilities rose to ₹294.83 L; liquidity stress despite top-line growth

  • Q4 net loss of ₹8.00 Lakh vs profit of ₹72.50 Lakh in preceding quarter; other equity declined 23.6% YoY; significant deterioration in quarterly performance

  • Tejassvi Aaharam Open Offer

    Acquirers offering ₹10/share (exactly at par value, zero premium) for 12.04% public float; no reference to market price or book value; potential undervaluation signal or distress situation [NEUTRAL/BEARISH]

Risk Flags (10)

  • Cash and equivalents collapsed 85% to ₹674.9M from ₹4,535.8M due to heavy investing outflows (₹3,405.6M) and dividend payments (₹1,585.7M); despite strong profitability, cash position is critically low

  • Finance costs surged 2,826% YoY to ₹44.77M in Q4 from ₹1.53M; total expenses grew 64.1% YoY vs revenue growth of 45.6%; profitability lagging revenue growth significantly

  • Q4 net profit down 72% YoY; total comprehensive income down 26.6% for full year; sharp disconnect between annual and quarterly performance suggests H1 was exceptionally strong

  • Cash flow from operations worsened to -₹250.10 L from -₹51.60 L despite revenue doubling; trade receivables declined 20.7% but current liabilities rose 10%; potential working capital crisis

  • Post-balance sheet fire at godown caused estimated inventory damage of ₹70.59 Lakh; insurance claim assessment ongoing; could impact Q1 FY27 results

  • Standalone inventories rose 26.5% to ₹66,351 Lakh from ₹52,449 Lakh; Q4 revenue declined 0.7% YoY; suggests potential demand slowdown in real estate

  • Other equity declined 23.6% YoY; Q4 net loss of ₹8 Lakh; annual net profit only ₹181 Lakh on revenue of ₹488 Lakh; very thin margins and declining book value

  • ₹34.8M exceptional item for labour code implementation impacted Q4 profit; regulatory cost pressures may persist

  • Supreme Court application for expedited sale of 8,60,616 MT iron ore stock remains pending; resolution timeline uncertain

  • Q4 EBITDA margin compressed to 3.5% due to industry-wide pressure on realization formulas amid sharp copper price increases; forward integration projects face delays due to geopolitical disruptions in Iran shipping corridor

Opportunities (10)

  • Ranked #1 globally in shareholder value creation; 51% average annual TSR; record sales and profitability; strong brand equity and manufacturing footprint in India and Indonesia; potential rerating catalyst

  • FY26 net profit +25.5% YoY, interest coverage improved to 84.18; debt-to-equity at 0.05; recommended 70% dividend; Q4 weakness may be temporary due to exceptional items; attractive entry point on dips

  • FY26 net profit surged 526% to ₹384.48 Cr; recommended 120% dividend; Q4 decline may be seasonal; strong annual cash generation potential; watch for management commentary on Q1 FY27

  • Revenue growth of 45.6% in Q4 and 29.7% for FY26; healthcare sector tailwinds; cost pressures may ease as scale increases; strong demand environment

  • Revenue +33.3% YoY to ₹543.52 Cr; unmodified audit opinion; recommended dividend; strong growth in renewable energy sector; government policy support

  • FY26 net profit +27.9% YoY; recommended ₹2/share dividend (20%); clean audit; fire damage may be one-time and insured; potential value buy at current levels

  • Resolution of all pending Income Tax cases; activation of debarred Demat accounts; sale of 2,50,000 shares in Mesco Steel at ₹48.22/share; board strengthening with new independent directors; potential value unlocking

  • Copper anode capacity of 1,600 MT/month by Q1 FY27; copper cathode commissioning Q2-Q3 FY27; copper wire rod by August 2026; international battery recycling venture in Kuwait; long-term growth despite near-term margin pressure

  • Tejassvi Aaharam Open Offer/Arbitrage Opportunity (OPPORTUNITY)

    Open offer at ₹10/share (par value) for 12.04% public float; if market price is above ₹10, arbitrage opportunity exists; if below, potential for price discovery post-offer

  • Archies Limited/Event-Driven Play (SPECULATIVE OPPORTUNITY)

    Board meeting rescheduled to May 30 for Q4/FY results; trading window closes June 1; potential for positive surprise given seasonal demand for greeting cards and gifts around events

Sector Themes (6)

  • Q4 Profit Compression Across Industrials

    4/5 companies with available Q4 data (HeidelbergCement, Kaira Can, Ajmera Realty, Gothi Plascon) reported Q4 profit declines despite full-year revenue growth; average Q4 profit decline of ~25% YoY; suggests broad-based margin pressure in March quarter across cement, real estate, and manufacturing sectors

  • Strong Annual Performance Masking Q4 Weakness

    Multiple companies (HeidelbergCement, Kaira Can, Ajmera Realty) show robust FY26 results (revenue +8-31%, profit +14-526%) but Q4 profit declines (10-72%); investors should focus on Q4 run-rate for FY27 estimates rather than annual averages

  • Dividend Payouts Remain Strong Despite Mixed Performance

    5 companies recommended dividends (HeidelbergCement ₹7, Kaira Can ₹12, Ajmera Realty ₹1, Zodiac Energy ₹0.75, Filtra Consultants ₹2); average payout ratio appears healthy; suggests management confidence in cash flows despite Q4 weakness

  • Healthcare Sector Outperformance

    Yatharth Hospital reported 45.6% Q4 revenue growth and 29.7% FY26 growth; healthcare demand remains robust; cost pressures (finance costs +2,826%) are a concern but revenue momentum is strong

  • Real Estate Sector Inventory Build-up

    Ajmera Realty inventories rose 26.5% to ₹66,351 Lakh; Q4 revenue declined 0.7% YoY; suggests potential demand slowdown or project delays; watch for other real estate companies' results for confirmation of trend

  • Capital Goods/Engineering Growth Momentum

    Zodiac Energy (+33.3% YoY) and Filtra Consultants (+12.4% YoY) show strong revenue growth; both recommended dividends; positive outlook for capital goods and engineering sectors driven by infrastructure and renewable energy investments

Watch List (8)

  • Q4 profit decline of 10.4% YoY and cash position collapse of 85%; watch for management commentary on demand outlook, labour code impact, and cash flow recovery; AGM scheduled Sep 24, 2026

  • Q4 net profit down 72% YoY; watch for Q1 FY27 results to confirm if Q4 weakness was seasonal or structural; dividend of ₹12/share indicates management confidence

  • Finance costs surged 2,826% YoY; watch for debt reduction plans and interest cost management in upcoming quarters; earnings call expected post-results

  • Cash flow from operations deeply negative at -₹250.10 L; watch for working capital management and any fund-raising announcements; revenue growth of 125% needs to translate to cash generation

  • Application for expedited sale of 8,60,616 MT iron ore stock pending; resolution could unlock significant value; watch for court dates and updates

  • Copper cathode commissioning expected Q2-Q3 FY27; copper wire rod by August 2026; Kuwait battery recycling venture; watch for delays due to geopolitical disruptions in Iran shipping corridor

  • Tejassvi Aaharam Open Offer/Price Discovery
    👁

    Open offer at ₹10/share (par value) for 12.04% public float; watch for market price movement and any counter-offers; post-offer price discovery critical

  • Fire at godown caused ₹70.59 Lakh inventory damage; watch for insurance claim outcome and any impact on Q1 FY27 results; company has clean audit opinion otherwise

Filing Analyses (50)
Triton Valves Ltd. Corporate Governance neutral materiality 5/10

25-05-2026

Triton Valves Ltd. will hold a Board Meeting on May 28, 2026 to consider and approve audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, and to recommend a final dividend for FY 2025-26. The trading window is closed from April 1, 2026 until 48 hours after the results declaration.

  • · Board meeting scheduled for May 28, 2026.
  • · Agenda includes approval of audited standalone and consolidated financial results for quarter and year ended March 31, 2026.
  • · Proposal to recommend final dividend for FY 2025-26.
  • · Trading window closed from April 1, 2026 until 48 hours after results declaration.
7SEAS ENTERTAINMENT LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

7Seas Entertainment Limited has informed the exchange that a Board Meeting is scheduled for May 29, 2026, to consider and approve the audited financial results and audit report for the quarter and financial year ended March 31, 2026. No financial figures or performance data are provided in this filing.

  • · Board meeting date: May 29, 2026
  • · Meeting location: Registered office at 5th Floor, Plot No. 92, 93 & 94, Kavuri Hills, Madhapur, Hyderabad, Telangana – 500034
  • · Agenda includes approval of audited financial results and audit report for Q4 and FY ended March 31, 2026
  • · Filing made under regulation 29(1)(a) of SEBI LODR regulations
Indo Count Industries Limited Analyst/Investor Meet neutral materiality 2/10

25-05-2026

Indo Count Industries Limited has announced an investors' conference call to discuss its Q4 and full-year FY26 financial and operational performance, scheduled for June 1, 2026. The call will be led by the Executive Vice Chairman and CFOs, with pre-registration required. No financial results or performance data are disclosed in this filing.

  • · Conference call scheduled for Monday, 1st June 2026 at 11:30 AM IST.
  • · Pre-registration is required via a provided link.
  • · International toll-free dial-in numbers are available for Hong Kong, Singapore, UK, and USA.
Afcom Holdings Limited Corporate Governance neutral materiality 3/10

25-05-2026

Afcom Holdings Limited has informed BSE that a Board Meeting is scheduled for May 28, 2026, to approve the audited financial results for the quarter and fiscal year ended March 31, 2026. The trading window for designated persons will remain closed until 48 hours after the results are declared.

  • · Board meeting scheduled for Thursday, May 28, 2026.
  • · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026, along with the Independent Auditors' Report.
  • · Trading window closed for designated persons, connected persons, and their immediate relatives until 48 hours after results declaration.
SWOJAS FOODS LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

Swojas Foods Limited announced the conversion of 13,21,000 warrants into equity shares by non-promoter investor Rajesh Nanubhai Jhaveri, following receipt of the remaining exercise price of ₹1,63,47,375. The conversion increased the company's paid-up equity share capital from ₹38,66,26,500 (3,86,62,650 shares) to ₹39,98,36,500 (3,99,83,650 shares). This is a routine corporate action with no negative or flat performance metrics reported.

  • · The warrants were originally allotted at an issue price of ₹16.50 each (including premium of ₹6.50), with 25% subscription money received upfront.
  • · The conversion was approved by the Board at a meeting held on May 25, 2026, which commenced at 11:30 AM IST and concluded at 12:23 PM IST.
  • · The newly allotted equity shares rank pari-passu with existing equity shares in all respects.
  • · Application for listing and trading approval of the new equity shares will be made in due course.
Archies Limited Corporate Governance neutral materiality 3/10

25-05-2026

Archies Limited has rescheduled its Board Meeting to consider and approve audited financial results for Q4 and FY ended March 31, 2026, from May 29 to May 30, 2026. The trading window remains closed from April 1, 2026, until 48 hours after the results declaration (June 1, 2026).

  • · Original board meeting date was May 29, 2026; rescheduled to May 30, 2026.
  • · Trading window closure period: April 1, 2026 to June 1, 2026 (both days inclusive).
  • · Results will be available on company website and stock exchange websites.
Thomas Cook (India) Limited Analyst/Investor Meet neutral materiality 1/10

25-05-2026

Thomas Cook (India) Limited has informed the stock exchanges that its officials will attend the 360 ONE Capital (B&K) investor conference, 'Trinity India 2026', on May 29, 2026 in Mumbai. The meetings will be based on publicly available information and no unpublished price sensitive information (UPSI) is intended to be discussed.

  • · The investor conference is scheduled for May 29, 2026, starting at 12:00 Noon.
  • · The meeting format includes 1x1 and group meetings.
  • · The event is organized by 360 ONE Capital (B&K) in Mumbai.
Fischer Medical Ventures Limited Corporate Governance neutral materiality 4/10

25-05-2026

Fischer Medical Ventures Limited has notified stock exchanges (BSE, NSE) that a board meeting will be held on May 29, 2026, to consider and take on record the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to recommend a dividend, if any. The trading window is already closed since March 30, 2026, for designated persons and shall remain closed until 48 hours after the declaration of results.

  • · The board meeting is scheduled for Friday, May 29, 2026, via video conferencing.
  • · The meeting agenda includes: audited standalone and consolidated financial results for Q4 FY2026 and full year ended March 31, 2026, and recommendation of dividend (if any).
  • · Trading window closure was intimated earlier on March 30, 2026, and remains in effect until 48 hours after the declaration of results.
  • · The filing is made under Regulation 29 of SEBI (LODR) Regulations, 2015.
Lippi Systems Ltd. Corporate Governance neutral materiality 3/10

25-05-2026

Lippi Systems Ltd. has informed the stock exchange that a Board Meeting will be held on May 30, 2026, to consider and adopt the standalone audited financial results for the quarter and year ended March 31, 2026. No financial figures or performance data are provided in this filing.

  • · Board meeting scheduled for Saturday, May 30, 2026 at the Registered Office in Ahmedabad.
  • · Agenda includes consideration of standalone audited financial results for Q4 and FY ended March 31, 2026.
  • · Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015.
  • · BSE Code: 526604
  • · CIN: L22100GJ1993PLC020382
LE LAVOIR LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

Le Lavoir Limited has informed BSE that a Board Meeting will be held on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting will take place at the company's registered office in Rajkot, Gujarat.

  • · Board Meeting scheduled for Friday, 29th May 2026 at 4:00 PM IST.
  • · Agenda includes approval of audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, along with the auditor's report.
  • · Meeting will be held at the registered office: 1st Floor Shop No. 105, Four Square Plaza, Uni. Rd., Rajkot Sau Uni Area, Rajkot, Gujarat – 360 005.
TVS Motor Company Limited Company Update positive materiality 8/10

25-05-2026

TVS Motor Company has been ranked #1 globally in the 'Durable Consumer Goods' category by WirtschaftsWoche and BCG for shareholder value creation, delivering an average annual Total Shareholder Return of approximately 51% over 2021-2025. In its most recent financial year (2025-26), the company achieved record annual sales of 5.89 million units (+24% YoY), revenue of Rs. 47,270 crore (+30% YoY), and operating PBT of Rs. 4,975 crore (+40% YoY). However, the press release does not disclose any negative or flat performance metrics, so the overall sentiment is positive.

  • · The BCG study evaluated over 2,000 listed companies across 35 industries worldwide.
  • · TVS Motor's TSR performance was driven by strong revenue growth (22 percentage points) and premium market valuation (18 percentage points).
  • · The company has four state-of-the-art manufacturing facilities in India and Indonesia.
  • · TVS Motor is the only two-wheeler company to have won the Deming Prize.
  • · The company has been ranked No. 1 in J.D. Power Customer Service Satisfaction Survey for four consecutive years.
  • · Norton Motorcycles, based in the UK, is part of the group.
Unknown Rate Change neutral materiality 1/10

25-05-2026

The filing is a routine daily report from the Reserve Bank of India (RBI) on money market operations for May 24, 2026. It contains no changes to the repo rate, reverse repo rate, CRR, or SLR, and no monetary policy stance or regulatory actions. The data provided is incomplete and does not include any quantitative metrics such as bid amounts, accepted amounts, or weighted average rates. As a result, there are no positive or negative signals for the banking sector from this filing.

Unknown Rate Change neutral materiality 1/10

25-05-2026

The RBI's Money Market Operations report for May 23, 2026, provides operational data on liquidity and rates, but no specific rate changes (repo/reverse repo/CRR/SLR) or MPC stance are disclosed. The filing is purely informational with no actionable monetary policy action.

PI Industries Limited Analyst/Investor Meet neutral materiality 2/10

25-05-2026

PI Industries Limited has informed the stock exchanges about upcoming analyst and investor meetings scheduled for June 1, 2026 (Axis Capital Rising Stars Conference) and June 5, 2026 (Citi’s 2026 India Conference), both to be held at Grand Hyatt, Mumbai. The company stated that no unpublished price sensitive information will be shared during these interactions.

  • · Meeting on June 1, 2026: Axis Capital Rising Stars Conference at Grand Hyatt, Mumbai (mix of one-on-one and group meetings).
  • · Meeting on June 5, 2026: Citi’s 2026 India Conference at Grand Hyatt, Mumbai (mix of one-on-one and group meetings).
  • · The company confirms no unpublished price sensitive information will be shared.
The Karnataka Bank Limited Analyst/Investor Meet neutral materiality 3/10

25-05-2026

Karnataka Bank Ltd. will participate in the Trinity India Annual Global Investor Conference 2026, organized by 360 One Capital Market Private Limited, on May 28, 2026, in Mumbai. The bank's top management will hold group and one-on-one meetings with institutional investors and analysts from 10:00 AM to 05:45 PM. The Q4FY2025-26 investor presentation has already been filed and is available on the bank's website and stock exchanges.

  • · The meetings are scheduled for May 28, 2026, from 10:00 AM to 05:45 PM at Grand Hyatt, Mumbai.
  • · The mode of meeting is in person.
  • · Only information already available in the public domain will be shared or discussed.
  • · The Q4FY2025-26 investor presentation has been previously uploaded and filed with stock exchanges.
Kalyani Investment Company Limited Corporate Governance neutral materiality 3/10

25-05-2026

Kalyani Investment Company Limited has informed the stock exchanges 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, and to recommend a dividend, if any. The trading window, which was closed from April 1, 2026, will reopen on June 1, 2026. No financial results or dividend decisions have been disclosed yet.

  • · Board meeting scheduled for May 29, 2026
  • · Agenda includes approval of audited financial results (standalone & consolidated) for Q4 and FY ended March 31, 2026
  • · Dividend recommendation to be considered
  • · Trading window closed from April 1, 2026, will reopen on June 1, 2026
Harig Crankshafts Ltd Corporate Governance neutral materiality 3/10

25-05-2026

Harig Crankshafts Ltd has informed BSE that a Board Meeting will be held on May 28, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window, which has been closed since April 1, 2026, will remain closed until 48 hours after the results are declared.

  • · Board meeting scheduled for May 28, 2026 at 4:00 PM at the registered office in Greater Noida.
  • · Agenda includes approval of audited financial results and audit report for Q4 and FY ended March 31, 2026.
  • · Trading window closed since April 1, 2026 and will remain closed until 48 hours after results declaration.
Robust Hotels Limited Corporate Governance neutral materiality 2/10

25-05-2026

Robust Hotels Limited has informed the stock exchanges that a Board Meeting is scheduled for May 28, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. This is a routine regulatory intimation under SEBI LODR Regulations.

  • · Board Meeting date: May 28, 2026
  • · Agenda: Approval of audited financial results for Q4 and FY ended March 31, 2026
  • · Filing is a routine intimation under Regulation 29 of SEBI LODR, 2015
HeidelbergCement India Limited Corporate Governance mixed materiality 8/10

25-05-2026

HeidelbergCement India reported a strong 8.4% YoY revenue growth to ₹23,295.9 million for FY26, with net profit rising 25.5% to ₹1,339.7 million. However, Q4 FY26 net profit declined 10.4% YoY to ₹452.1 million, and the company's cash position dropped sharply from ₹4,535.8 million to ₹674.9 million due to heavy investing and financing outflows. The Board recommended a dividend of ₹7 per share (70%) and approved key management changes.

  • · Debt equity ratio improved to 0.05 from 0.05 (flat).
  • · Interest service coverage ratio improved to 84.18 from 31.00.
  • · Capital work-in-progress decreased sharply from ₹1,104.3 million to ₹102.7 million.
  • · Trade receivables increased to ₹596.4 million from ₹571.8 million.
  • · Inventories decreased to ₹1,591.0 million from ₹1,710.4 million.
  • · Exceptional items of ₹80.4 million in FY26 (₹34.8 million in Q4) due to Labour Codes implementation.
  • · Trading window reopens on 28 May 2026.
  • · AGM scheduled for 24 September 2026; record date for dividend is 11 September 2026.
  • · Extension of tenure of Mr. Molugu Purnachander as Director – Procurement for 2 years from 2 July 2026.
  • · Appointment of Mr. Gulshan Bajaj as Head – Internal Audit effective 1 August 2026.
Ashiana Housing Limited Analyst/Investor Meet neutral materiality 2/10

25-05-2026

Ashiana Housing Limited has announced a conference call for analysts and investors on May 29, 2026, from 11:00 AM to 12:00 PM IST to discuss the company's performance for the quarter and financial year ended March 31, 2026. The call will be led by Whole-Time Director Mr. Varun Gupta and CFO Mr. Vikash Dugar. No financial results or performance data are included in this filing.

  • · Conference call date: May 29, 2026
  • · Conference call time: 11:00 AM – 12:00 PM IST
  • · Dial-in numbers provided for India, USA, UK, Singapore, and Hong Kong
  • · Registration link and investor kit link provided
  • · Contact details for investor relations: research@valoremadvisors.com and radhika.kathuria@ashianahousing.com
Golden Crest Education & Services Limited Corporate Action neutral materiality 1/10

25-05-2026

Golden Crest Education & Services Limited submitted a statement to BSE and CSE confirming that Regulation 32 of the SEBI (LODR) Regulations, 2015 regarding deviation or variation in use of proceeds from public/rights/preferential issues is not applicable for the quarter ended March 31, 2026, as the company did not undertake any such issuances during the period. The certification was signed by Managing Director & CEO Yogesh Lama.

  • · The company's scrip code on BSE is 540062 and on CSE is 29324.
  • · The statement is submitted under Regulation 32 of SEBI (LODR) Regulations, 2015.
  • · The company has not issued any shares via public issue, rights issue, preferential issue, or qualified institutions placement during the 4th quarter ended March 31, 2026.
HeidelbergCement India Limited Corporate Governance mixed materiality 8/10

25-05-2026

HeidelbergCement India reported strong annual results for FY26 with revenue from operations increasing 8.4% YoY to ₹23,295.9 million and net profit rising 25.5% to ₹1,339.7 million. However, Q4 FY26 net profit declined 10.4% YoY to ₹452.1 million despite a 5.5% revenue increase, impacted by an exceptional item of ₹34.8 million related to labour code implementation. The Board recommended a dividend of ₹7 per share (70%) and approved management changes including extension of Mr. Molugu Purnachander as Director – Procurement.

  • · The Board meeting commenced at 12:45 PM and concluded at 1:40 PM on 25 May 2026.
  • · Trading window was closed from 1 April 2026 and will reopen on 28 May 2026.
  • · The 67th Annual General Meeting is scheduled for 24 September 2026.
  • · Record date for dividend is 11 September 2026; cut-off date for AGM voting is 17 September 2026.
  • · Mr. Molugu Purnachander's tenure as Director – Procurement extended for 2 years from 2 July 2026.
  • · Mr. Gulshan Bajaj appointed as Head – Internal Audit effective 1 August 2026, replacing retiring Mr. Sumeet Bisarya.
  • · Debt Equity Ratio as at 31 March 2026 was 0.05 (very low leverage).
  • · Interest Service Coverage Ratio improved to 84.18 for FY26 from 31.00 for FY25.
  • · Cash flow from operations decreased to ₹1,980.8 million in FY26 from ₹2,646.5 million in FY25.
  • · Capital expenditure (purchase of PPE including CWIP) reduced to ₹523.8 million in FY26 from ₹1,093.6 million in FY25.
  • · Dividend paid during FY26 was ₹1,585.7 million vs ₹1,805.9 million in FY25.
  • · The auditor's report contains an unmodified opinion.
TEJASSVI AAHARAM LIMITED Open Offer neutral materiality 7/10

25-05-2026

An open offer has been announced by Prasanna Natarajan (Acquirer 1), Rajat Chakra Credit & Holdings Private Limited (Acquirer 2), Sipping Spirits Private Limited (Acquirer 3), and Saranga Investments & Consultancy Private Limited (Acquirer 4), together with Rajalakshmi Natarajan as a Person Acting in Concert (PAC), to acquire up to 70,00,000 equity shares of Tejassvi Aaharam Limited at ₹10 per share, aggregating ₹7,00,00,000 (₹7 Crore). The offer is for 12.04% of the fully diluted voting share capital (the entire public float) at ₹10 per share, which is at par value, with no premium.

  • · The open offer is mandated under Regulation 7(1) of SEBI (SAST) Regulations. However, due to certain shareholders being deemed persons acting in concert and thus ineligible, the offer size is limited to the actual public float of 12.04% (not the standard 26%).
  • · The Post Offer Advertisement (POA) was published on May 25, 2026, in Financial Express (English, All Editions), Jansatta (Hindi, All Editions), Makkal Kural (Tamil, Tamil Nadu Edition – registered office location), and Navshakti (Marathi, Mumbai Edition – stock exchange location).
  • · The offer price of ₹10 per share is exactly at the face value of the equity shares (₹10 each), implying a premium of zero over par. No reference to any market price or book value is provided for comparison.
  • · The Manager to the Offer is Saffron Capital Advisors Private Limited (SEBI Registration No: INM000011211).
HeidelbergCement India Limited Corporate Governance mixed materiality 8/10

25-05-2026

HeidelbergCement India reported a strong 8.4% YoY revenue growth to ₹23,295.9 million for FY26, with net profit rising 25.5% to ₹1,339.7 million. However, Q4 FY26 net profit declined 10.4% YoY to ₹452.1 million, impacted by an exceptional charge of ₹34.8 million related to new labour codes. The Board recommended a dividend of ₹7 per share (70%) for FY26.

  • · Debt equity ratio improved to 0.05 as at 31 March 2026 from 0.05 in prior year (no change).
  • · Interest Service Coverage Ratio improved to 84.18 for FY26 from 31.00 for FY25.
  • · Cash and cash equivalents declined sharply to ₹674.9 million from ₹4,535.8 million as at 31 March 2025, primarily due to higher investing activities (₹3,405.6 million outflow) and dividend payments (₹1,585.7 million).
  • · The Board approved extension of tenure of Mr. Molugu Purnachander as Director – Procurement for two years from 02 July 2026.
  • · Mr. Gulshan Bajaj appointed as Head – Internal Audit effective 01 August 2026, replacing retiring Mr. Sumeet Bisarya.
  • · Trading window reopens on 28 May 2026.
  • · Record date for dividend is 11 September 2026; AGM record date is 17 September 2026.
  • · Auditors issued unmodified opinion on the financial results.
Kaira Can Co. Ltd. Corporate Governance mixed materiality 8/10

25-05-2026

Kaira Can Company Ltd. reported audited financial results for the quarter and year ended March 31, 2026, with total income from operations for the year at ₹24,58,642 Lakh (₹2,45,86.42 Cr), up from ₹23,21,099 Lakh in FY25. Net profit for the year was ₹38,448 Lakh (₹384.48 Cr), compared to ₹6,142 Lakh in the prior year, reflecting a significant increase. However, the company's quarterly performance showed a decline: net profit for Q4 FY26 was ₹50.07 Lakh, down sharply from ₹179.13 Lakh in Q4 FY25. The Board recommended a dividend of ₹12.00 per equity share (120%) for FY26.

  • · The auditor's report is unmodified (clean opinion).
  • · Total comprehensive income for FY26 was ₹26,270 Lakh, compared to ₹35,797 Lakh in FY25 (a decline of 26.6%).
  • · Other comprehensive income for FY26 was a loss of ₹8.57 Lakh, versus a gain of ₹26.51 Lakh in FY25.
  • · The Board meeting commenced at 11:30 AM and concluded at 1:50 PM on May 25, 2026.
  • · The dividend of ₹12.00 per share (120%) is subject to shareholder approval at the 63rd Annual General Meeting.
  • · The company's paid-up equity share capital remained unchanged at ₹9,221 Lakh (face value ₹10 each).
Yatharth Hospital & Trauma Care Services Limited Corporate Governance mixed materiality 8/10

25-05-2026

Yatharth Hospital & Trauma Care Services Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations grew 45.6% YoY to ₹1,638.71 million in Q4 and 29.7% YoY to ₹5,918.84 million for the full year. However, Q4 profit before tax declined 3.4% sequentially to ₹310.14 million, and full-year profit before tax grew only 6.5% YoY to ₹1,271.84 million, significantly lagging revenue growth.

  • · Q4 FY26 other income surged to ₹67.64 million from ₹35.83 million in Q4 FY25, a 88.8% increase.
  • · Finance costs jumped dramatically to ₹44.77 million in Q4 FY26 from ₹1.53 million in Q4 FY25, a 2,826% increase, reflecting higher borrowings.
  • · Total expenses for Q4 FY26 were ₹1,396.21 million, up 64.1% YoY from ₹850.78 million in Q4 FY25.
  • · Purchase of drugs, consumables and implants increased 25.1% YoY to ₹314.63 million in Q4 FY26.
  • · Employee benefits expense rose 46.9% YoY to ₹314.15 million in Q4 FY26.
  • · Depreciation and amortisation expenses increased 122.0% YoY to ₹104.54 million in Q4 FY26.
  • · Non-current borrowings stood at ₹1,988.89 million as at March 31, 2026, compared to nil as at March 31, 2025.
  • · Current borrowings were ₹250.00 million as at March 31, 2026, compared to nil as at March 31, 2025.
  • · Trade payables (micro and small enterprises) increased to ₹168.32 million from ₹46.00 million a year ago.
  • · The audit report for FY25 was issued by a different auditor (not MSKA) and expressed an unmodified opinion.
  • · The Board meeting lasted from 12:55 PM to 1:50 PM IST on May 25, 2026.
S V Global Mill Limited Corporate Governance neutral materiality 4/10

25-05-2026

S V Global Mill Limited's Board of Directors approved the annual audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, along with the notice of the 19th Annual General Meeting, the Board's report, and the annual report for FY2025-26. The Board also noted the status of a land acquisition compensation case, which was remanded by the Supreme Court to the High Court and subsequently referred to the Karnataka Mediation Centre on April 6, 2026. No specific financial figures or performance comparisons were disclosed in this filing.

  • · The Board meeting was held on May 25, 2026, from 12:30 PM to 1:55 PM at the Registered Office.
  • · The land acquisition compensation case was disposed of by the Hon’ble Supreme Court on February 9, 2026, and remanded to the High Court.
  • · The Hon’ble High Court of Karnataka referred the case to the Karnataka Mediation Centre on April 6, 2026.
INFONATIVE SOLUTIONS LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

Infonative Solutions Limited has informed the stock exchanges that a board meeting will be held on May 28, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026. The trading window for directors and designated persons has been closed since April 1, 2026, and will open 48 hours after the results are declared. No financial figures or performance data are provided in this filing.

  • · Board meeting scheduled for May 28, 2026.
  • · Agenda includes approval of audited standalone financial results for H2 and FY ended March 31, 2026, and the auditor's report.
  • · Trading window closed from April 1, 2026, until 48 hours after results declaration.
  • · Company previously known as Infonative Solutions Pvt Ltd.
  • · Registered office: 107, DLF South Court, Saket, Delhi-110017.
Samor Reality Limited Corporate Governance neutral materiality 5/10

25-05-2026

Samor Reality 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 fourth quarter and year ended March 31, 2026. The meeting will also consider the appointment of Mr. Jagdish Vadaliya as Internal Auditor for a further term of three years. The trading window for insiders will remain closed until 48 hours after the results are declared.

  • · Board meeting scheduled for Friday, 29th May 2026 at 03:30 pm at the registered office in Ahmedabad.
  • · Agenda includes approval of audited financial results for Q4 and FY ended 31st March 2026.
  • · Mr. Jagdish Vadaliya to be appointed as Internal Auditor for a further term of 3 years from FY 2026-27.
  • · Trading window closed for all directors, officers, and designated employees until 48 hours after results declaration.
Gini Silk Mills Ltd. Corporate Governance neutral materiality 2/10

25-05-2026

Gini Silk Mills Ltd. submitted a clarification to BSE regarding a delay in filing the outcome of its Board Meeting held on May 22, 2026. The company attributed the delay to an inadvertent technical issue in compilation and uploading, and assured the exchange that measures have been taken to ensure future compliance.

  • · Board Meeting held on May 22, 2026, commenced at 3:00 PM and concluded at 3:30 PM.
  • · Delay was due to inadvertent technical issues in compilation, processing, and uploading on the BSE Listing portal.
  • · Company has implemented measures to ensure timely compliance with SEBI (LODR) Regulations, 2015 in the future.
Paradeep Phosphates Limited Corporate Governance neutral materiality 2/10

25-05-2026

Paradeep Phosphates Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for the re-appointment of Mrs. Rita Menon as a Non-Executive Independent Director for a second term of 3 years (June 27, 2026 to June 26, 2029) and for continuation of her directorship after she attains the age of 75 years. The e-voting period runs from May 26, 2026 to June 24, 2026, with results to be announced by June 26, 2026. The filing is a routine governance matter and contains no financial data or performance metrics.

  • · The re-appointment is for a second term of 3 years effective June 27, 2026 up to June 26, 2029.
  • · The resolution is proposed as a Special Resolution under Sections 149, 150, 152 of the Companies Act, 2013 and Regulation 17(1A) of SEBI (LODR) Regulations.
  • · Cut-off date for determining members eligible to vote is May 15, 2026.
  • · E-voting commences at 10:00 A.M. IST on May 26, 2026 and ends at 5:00 P.M. IST on June 24, 2026.
  • · Results will be announced within two working days from the conclusion of e-voting, i.e., on or before June 26, 2026.
  • · The company has engaged MUFG Intime India Private Limited to provide the e-voting facility.
  • · The notice is sent only by email to members with registered email addresses; physical copies are not being sent.
TUSALDAH LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

Tusaldah Limited (formerly High Street Filatex Ltd) has informed BSE that its Board Meeting is scheduled for May 28, 2026, to consider and approve the audited financial results for the quarter ended March 31, 2026. The trading window for designated persons will remain closed until 48 hours after the results announcement. No financial figures or performance data are provided in this filing.

  • · Board meeting date: Thursday, 28th May, 2026
  • · Agenda: Consider and approve audited financial results for Q4 ended March 31, 2026
  • · Trading window closure: From now until 48 hours after results announcement
  • · Company CIN: L]O79ORJ]994PLCOO8386 (appears garbled in source)
  • · BSE Scrip Code: 531301
  • · Registered address: B-17, IInd Floor, 22 Godam Industrial Area, Jaipur, Rajasthan, 302006
  • · Corporate address: 511, 5th Floor, Corporate Avenue, Sonawala Lane, Goregaon (East), Mumbai - 400063
Ajmera Realty & Infra India Limited Corporate Governance mixed materiality 8/10

25-05-2026

Ajmera Realty & Infra India reported strong annual results for FY26 with standalone revenue from operations rising 31.3% YoY to ₹69,941 Lakh and net profit increasing 13.8% to ₹12,710 Lakh. However, the standalone Q4 FY26 revenue of ₹31,376 Lakh was down 0.7% from the prior-year quarter, while net profit fell 18.8% to ₹4,646 Lakh. The Board recommended a final dividend of Re. 1 per share and reappointed M/s D. R. Mathuria & Co. as Cost Auditors for FY27.

  • · Standalone total income for FY26 was ₹70,376 Lakh, up from ₹54,367 Lakh in FY25.
  • · Standalone finance cost for FY26 decreased to ₹5,263 Lakh from ₹6,181 Lakh in FY25, a decline of 14.9%.
  • · Standalone inventories increased to ₹66,351 Lakh as of March 31, 2026, from ₹52,449 Lakh a year earlier.
  • · Standalone trade receivables rose to ₹35,316 Lakh from ₹27,145 Lakh.
  • · Standalone net worth stood at ₹1,19,434 Lakh as of March 31, 2026, compared to ₹1,08,439 Lakh as of March 31, 2025.
  • · Consolidated total comprehensive income attributable to owners was ₹15,770 Lakh for FY26 vs ₹12,668 Lakh for FY25.
  • · The statutory auditors issued an unmodified opinion on the financial results.
  • · The Board meeting commenced at 1:00 PM and concluded at 2:15 PM on May 25, 2026.
Sun Pharmaceutical Industries Limited Analyst/Investor Meet neutral materiality 1/10

25-05-2026

Sun Pharmaceutical Industries Limited has informed the stock exchanges of a scheduled analyst/institutional investor meeting on May 27, 2026, where it will participate in the 16th Annual Trinity India 2026 investor conference hosted by 360 ONE Capital (B&K) as a group and one-on-one physical meeting in Mumbai. The company has expressly stated that no unpublished price sensitive information (UPSI) will be disclosed during the meeting, indicating a routine investor engagement rather than a material disclosure event.

  • · Meeting type: Physical (Group and One-on-one)
  • · Location: Mumbai, India
  • · The company's registered office is in Vadodara, Gujarat, while the corporate headquarters is in Mumbai
  • · No UPSI will be discussed, limiting material impact on share price from this event alone
Mideast Integrated Steels Ltd Corporate Governance positive materiality 7/10

25-05-2026

Mideast Integrated Steels Ltd's Board meeting on May 30, 2026 approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, along with key board changes including the appointment of Mrs. Rita Singh (76) and Mrs. Natasha Singh (55) as Additional Directors, and the resignation of Whole-time Director Ms. Shipra Singh Rana. The Board also approved the sale of 2,50,000 equity shares in Mesco Steel Ltd at ₹48.22 per share, and noted positive operational updates such as resolution of all pending Income Tax cases and activation of debarred Demat accounts, while a Supreme Court application for expedited sale of 8,60,616.102 MT of iron ore stock remains pending. No financial figures were disclosed in the filing, so period-over-period comparisons are not available.

  • · Trading window will remain closed until 48 hours after announcement of unaudited financial results for Q4 and FY ended March 31, 2026.
  • · Reconstitution of Audit Committee and Stakeholder Relationship Committee: Mrs. Rita Singh appointed as member replacing Ms. Shipra Singh Rana.
  • · Secretarial Auditor re-appointed: Ms. Tripti Shakya & Co. for FY 2026-27.
  • · Internal Auditor appointed: Prasanta Das & Co. (Mr. Prasanta Das) for FY 2026-27.
  • · CEO/CFO certification submitted pursuant to Regulation 33(2)(a) and Regulation 17(8) of SEBI (LODR) Regulations, 2015.
Jain Resource Recycling Limited Analyst/Investor Meet mixed materiality 8/10

25-05-2026

Jain Resource Recycling reported strong FY26 results with revenue of ₹9,543 Crore (+48% YoY) and PAT of ₹347 Crore (+56% YoY). However, Q4 FY26 EBITDA margin compressed to 3.5% due to temporary industry-wide pressure on realization formulas amid sharp copper price increases. The company is executing key forward integration projects in copper (anode, cathode, wire rod, bus bar) and an international battery recycling venture in Kuwait, though some machinery deliveries face delays due to geopolitical disruptions in the Iran shipping corridor.

  • · Copper anode capacity initial 800 MT/month commenced March 2026; second furnace of 800 MT/month expected Q1 FY27, total 1,600 MT/month.
  • · Copper cathode phase one commissioning expected Q2 FY27, phase two Q3 FY27; full capacity 1,500 MT/month.
  • · Copper wire rod commissioning expected August 2026; capacity 600 MT/month.
  • · Copper bus bar commissioning expected September 2026; capacity 1,500 MT/month.
  • · Ahmedabad JV electric motor scrap / cable scrap processing expected to commence September 2026; machinery installation by December 2026.
  • · Kuwait battery recycling venture machinery ready at supplier; dispatch delayed due to Iran shipping corridor geopolitical situation; 30-day notice once routes normalize.
  • · New plastic recycling unit on ~6 acres land; operational target Q3 FY27; capex ₹15 Crore.
  • · EBITDA per ton temporary compression in Q4 FY26 due to industry-wide decline in sale realization formulas as % of LME copper prices during sharp LME price surge.
  • · FY26 EBITDA margin improved only 20 bps to 5.9% from 5.7% in FY25, indicating margin expansion was modest despite revenue growth.
  • · Sourcing network spans 120+ countries with improving domestic sourcing supported by EPR policy initiatives.
Deepak Builders & Engineers India Limited Merger/Acquisition neutral materiality 1/10

25-05-2026

The filing is a revised disclosure under SEBI (SAST) Regulations, 2011, for Deepak Kumar Singal regarding Deepak Builders & Engineers India Ltd. No deal structure, valuation, or strategic rationale is provided in the filing. The event is purely a regulatory compliance update with no financial or operational details disclosed.

  • · Revised disclosure under SAST regulations filed on May 25, 2026
  • · Acquirer identified as Deepak Kumar Singal
  • · No financial or operational data provided in the filing
Gothi Plascon (India) Ltd. Corporate Governance mixed materiality 7/10

25-05-2026

Gothi Plascon (India) Ltd. reported audited standalone financial results for the quarter and year ended March 31, 2026. Annual revenue from operations grew 11.8% to ₹488.13 Lakhs, and net profit increased 11.2% to ₹181.11 Lakhs. However, the quarter ended March 31, 2026 posted a net loss of ₹8.00 Lakhs compared to a profit of ₹72.50 Lakhs in the preceding quarter, and the company's other equity declined by 23.6% year-on-year.

  • · Auditor's report with unmodified opinion from M/s Achha Associates, Chartered Accountants.
  • · Company operates mainly in one business segment: Real estate and other activities.
  • · Total income for FY26: ₹493.34 Lakhs vs ₹440.43 Lakhs in FY25.
  • · Total expenses for FY26: ₹241.40 Lakhs vs ₹216.73 Lakhs in FY25.
  • · Current tax expense for FY26: ₹50.76 Lakhs vs ₹61.42 Lakhs in FY25.
  • · Deferred tax liability increased to ₹28.54 Lakhs from ₹10.21 Lakhs.
  • · Cash and cash equivalents improved to ₹24.69 Lakhs from negative ₹0.42 Lakhs.
  • · Dividend paid of ₹204.00 Lakhs in both FY26 and FY25.
  • · Net cash generated from operating activities declined to ₹283.21 Lakhs from ₹343.21 Lakhs in FY25.
  • · Borrowings reduced to ₹142.86 Lakhs from ₹170.56 Lakhs.
G G Engineering Limited Corporate Governance neutral materiality 5/10

25-05-2026

G G Engineering Limited has informed BSE that a Board Meeting is scheduled for May 27, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The trading window for designated persons remains closed until 48 hours after the results are declared.

  • · Board meeting scheduled for May 27, 2026 at the corporate office.
  • · Agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026.
  • · Trading window closed for designated persons and their immediate relatives until 48 hours after results declaration.
  • · Previous intimation regarding trading window closure was sent on March 27, 2026.
Archidply Decor Limited Corporate Governance neutral materiality 2/10

25-05-2026

Archidply Decor Limited has informed the stock exchanges 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 filing is a routine intimation under SEBI regulations.

  • · Board meeting scheduled for May 29, 2026
  • · Agenda includes approval of audited financial results for Q4 and FY ending March 31, 2026
  • · Company's registered office is in Chintamani, Karnataka
SAMPAT ALUMINIUM LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

SAMPAT ALUMINIUM LIMITED has informed BSE that a Board Meeting will be held on May 28, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026. The meeting will take place at the registered office.

  • · Board meeting scheduled for May 28, 2026
  • · Agenda includes approval of audited standalone financial results for half year and year ended March 31, 2026
  • · Company formerly known as SAMPAT ALUMINIUM PRIVATE LIMITED
  • · CIN: L27203GJ1999PLC036129
  • · Registered office in Gandhinagar, Gujarat
SATTVA SUKUN LIFECARE LIMITED Corporate Governance neutral materiality 3/10

25-05-2026

Sattva Sukun Lifecare Limited has scheduled a Board Meeting on May 30, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, along with the audit report, a statement of deviation/variation on rights issue proceeds, and a declaration regarding an unmodified audit opinion. The trading window for designated persons and their immediate relatives has been closed from April 1, 2026, until 48 hours after the meeting. No financial figures or period-over-period comparisons are provided in this filing.

  • · The Board Meeting will be held at the registered office: Office No. 101, 1st Floor, Crystal Rose C.H.S, Datta Mandir Road, Mahavir Nagar, Kandivali West, Mumbai 400067.
  • · Agenda includes approval of audited financial results (standalone & consolidated) for Q4 and FY ended March 31, 2026, audit report, statement of deviation on rights issue proceeds, and declaration of unmodified audit opinion.
  • · Trading window closure period: from April 1, 2026, until 48 hours after the board meeting.
Dabur India Limited Analyst/Investor Meet neutral materiality 2/10

25-05-2026

Dabur India Limited has informed the stock exchanges that its officials will attend the Bank of America India Conference in Mumbai on June 1-2, 2026. The conference will be held in physical mode, and the company has clarified that no unpublished price-sensitive information will be shared during the meetings.

  • · Conference name: Bank of America India Conference
  • · Venue: Hotel Taj Mahal Palace, Mumbai
  • · Mode: Physical (in-person)
  • · Session 1: Monday, June 01, 2026, 12:00 noon to 05:00 p.m. IST
  • · Session 2: Tuesday, June 02, 2026, 8:00 a.m. to 9:00 a.m. IST
  • · Schedules are subject to change due to exigencies
  • · No unpublished price-sensitive information will be shared
SOUTHERN INFOCONSULTANTS LIMITED Corporate Governance neutral materiality 5/10

25-05-2026

Southern Infoconsultants Limited has informed the Bombay Stock Exchange that a board meeting will be held on May 28, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with the statutory auditor's report. The meeting will also consider the appointment of Mr. D.K. Shrivastava as Internal Auditor for FY 2026-2027. The trading window for designated persons will remain closed until 48 hours after the results are made public.

  • · Board meeting scheduled for May 28, 2026 at 3 PM at the registered office in New Delhi.
  • · Agenda includes approval of audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
  • · Statutory auditor's report on audited results will also be considered.
  • · Appointment of Mr. D.K. Shrivastava as Internal Auditor for FY 2026-2027 is proposed.
  • · Trading window closed for designated persons until 48 hours after results are made public on May 28, 2026.
Zodiac Energy Limited Corporate Governance positive materiality 8/10

25-05-2026

Zodiac Energy Limited reported audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with revenue from operations of ₹543.52 Cr for the full year, up 33.3% from ₹407.78 Cr in FY2025. However, quarterly revenue of ₹211.12 Cr in Q4 FY2026 showed a sequential decline from ₹137.56 Cr in Q3 FY2026 (which appears to be a typo in the filing; the Q3 figure is lower than Q4, so the sequential comparison is not meaningful as presented). The Board recommended a final dividend of ₹0.75 per share (7.5% of face value) for FY2026, subject to shareholder approval. The audit report received an unmodified opinion.

  • · Audit report received unmodified opinion for both standalone and consolidated financial results.
  • · Board appointed M/s. Manubhai & Shah LLP as Internal Auditor for FY2026-27.
  • · Final dividend of ₹0.75 per share (7.5% of face value) recommended for FY2026, subject to shareholder approval at the AGM.
  • · Cost of material consumed for FY2026 stood at ₹427.74 Cr, up 26.6% from ₹337.77 Cr in FY2025.
  • · Other income for FY2026 was ₹2.42 Cr, up 28.0% from ₹1.89 Cr in FY2025.
Avax Apparels and Ornaments Limited Corporate Governance mixed materiality 8/10

25-05-2026

Avax Apparels and Ornaments Limited reported audited financial results for the year ended March 31, 2026, with total revenue of ₹345.86 Cr (up from ₹153.45 Cr in FY25) and net profit after tax of ₹183.18 Cr (up from ₹72.38 Cr in FY25). However, the company's cash flow from operations turned deeply negative at ₹-250.10 L for FY26 versus ₹-51.60 L in FY25, and total current liabilities rose to ₹294.83 L from ₹267.87 L, indicating worsening liquidity. The Board also approved the appointment of M/s. Prince Kumar & Associates as Internal Auditor and re-appointment of M/s. G Gupta and Associates as Secretarial Auditors.

  • · The Board meeting was held on May 25, 2026 at 01:00 PM IST and concluded at 02:00 PM IST.
  • · The auditor's report contains an unmodified opinion on the standalone audited financial results.
  • · Trade receivables decreased from ₹675.30 L (Mar 2025) to ₹535.47 L (Mar 2026), a 20.7% decline.
  • · Inventories increased sharply from ₹36.58 L to ₹298.06 L, a 714.8% jump.
  • · Cash and cash equivalents fell from ₹16.78 L to ₹5.654 L, a 66.3% decline.
  • · Borrowings (current) decreased from ₹66.35 L to ₹41.052 L, a 38.1% reduction.
  • · Trade payables (other than micro/small enterprises) rose from ₹141.51 L to ₹0.12 L? (data appears garbled; likely a large drop).
  • · Earnings per share (basic & diluted) for FY26: ₹8.87 (before/after share split) vs ₹9.89 in FY25, a 10.3% decline.
  • · The company appointed M/s. Prince Kumar & Associates (FRN-032800N) as Internal Auditor.
  • · M/s. G Gupta and Associates was re-appointed as Secretarial Auditor.
Tata Technologies Limited Corporate Governance neutral materiality 2/10

25-05-2026

Tata Technologies Limited has issued newspaper advertisements in Financial Express (English) and Loksatta (Marathi) on May 25, 2026, notifying shareholders about the transfer of equity shares to the Investor Education and Protection Fund (IEPF) pertaining to the Interim Dividend for FY 2019-20, which was approved on June 28, 2019. The company has also sent reminder letters to concerned shareholders as per Section 124(6) of the Companies Act, 2013. This is a routine regulatory compliance filing with no financial performance data or material business impact.

  • · Newspaper advertisements published in Financial Express (English) and Loksatta (Marathi) on May 25, 2026.
  • · Transfer relates to Interim Dividend for FY 2019-20, approved on June 28, 2019.
  • · Reminder letters sent to concerned shareholders under Section 124(6) of the Companies Act, 2013.
  • · Notice also posted on company website at www.tatatechnologies.com.
Filtra Consultants and Engineers Limited Corporate Governance mixed materiality 8/10

25-05-2026

Filtra Consultants and Engineers Limited reported strong annual results for FY26 with revenue from operations increasing 12.4% YoY to ₹9767.69 Lakh and net profit rising 27.9% to ₹372.69 Lakh. However, the second half (H2 FY26) saw a significant sequential decline in profit to ₹162.52 Lakh from ₹210.17 Lakh in H1 FY26, and operating cash flow turned deeply negative at -₹143.19 Lakh for the full year. The Board recommended a final dividend of ₹2 per share (20% of face value) and disclosed a post-balance sheet fire at a godown causing estimated inventory damage of ₹70.59 Lakh, with insurance claim assessment ongoing.

  • · The statutory auditors issued an unmodified (clean) audit opinion on the financial results.
  • · The company is exempt from IND-AS adoption as per MCA notification for SME listed companies.
  • · No investor complaints were received or pending as of March 31, 2026.
  • · The company does not have more than one reportable segment under AS 17.
  • · A fire occurred at a company godown in Pune on April 20, 2026, causing estimated inventory damage of ₹70.59 Lakh; insurance claim is under assessment and no adjustment has been made in FY26 financials.
  • · The Board appointed M/s. Hemanshu Kapadia & Associates as Secretarial Auditor for FY27.
  • · IPO fund utilisation: Marketing activities (e-commerce platform, digital marketing, kiosk setup) utilised ₹21.37 Lakh out of ₹25.00 Lakh proposed; working capital ₹176.22 Lakh, general corporate purpose ₹60.00 Lakh, and issue expenses ₹50.00 Lakh were fully utilised.
  • · Short-term borrowings increased from nil in FY25 to ₹126.70 Lakh in FY26.
  • · Trade payables (total) increased to ₹1201.87 Lakh from ₹1018.23 Lakh in FY25.
  • · Inventories increased to ₹2313.07 Lakh from ₹1879.86 Lakh in FY25.
  • · Trade receivables increased to ₹1079.55 Lakh from ₹741.84 Lakh in FY25.
  • · Cash and cash equivalents declined to ₹157.38 Lakh from ₹220.23 Lakh in FY25.
  • · Current investments decreased to ₹111.47 Lakh from ₹304.52 Lakh in FY25.
  • · Finance costs doubled to ₹14.59 Lakh from ₹6.92 Lakh in FY25.
Ndr Auto Components Limited Analyst/Investor Meet neutral materiality 3/10

25-05-2026

Ndr Auto Components Limited has informed the stock exchanges that its officials will participate in analyst/investor meetings on May 27, 2026, with Dalton Investments and Marval Capital Ltd in Gurugram. The meetings will be held in physical mode starting at 9:00 AM. The company notes that the meetings may be cancelled, rescheduled, or postponed due to exigencies.

  • · Meeting date: May 27, 2026
  • · Meeting mode: Physical (in Gurugram)
  • · Participants: Dalton Investments and Marval Capital Ltd
  • · Company officials will represent Ndr Auto Components Limited
  • · Meetings may be cancelled, rescheduled, or postponed due to exigencies

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