Executive Summary
Today's digest (May 28, 2026) reveals a market dominated by mixed earnings, with revenue recovery in pockets (Vibhor Steel +16% YoY, NRB Industrial Bearings +28% YoY, Ruchira Papers +12.6% YoY in Q4) sharply contrasted by margin compression and profit erosion across sectors.
Notably, 6 out of 12 companies that disclosed net profit data reported YoY declines or losses, including Mahalaxmi Fabric Mills (swing to ₹83 L loss from ₹657 L profit), Graphite India (Q4 loss of ₹73 Cr vs profit of ₹62 Cr), and Sadbhav Infra (loss widened 46% YoY). Regulatory compliance issues are escalating—two board composition fines (Genesys International ₹8.4 L, MOIL ₹10.6 L, Sadbhav Infra undisclosed) landed simultaneously, signaling heightened SEBI/NSE/BSE enforcement around Regulation 17(1). Capital allocation is cautious but shareholder-friendly: three companies declared dividends (P&G Hygiene ₹60/share, Graphite India ₹7/share, Bengal Tea ₹1.50/share), while Zydus Lifesciences increased its buyback price by 9.5% from ₹1,150 to ₹1,260 per share. Forward-looking themes are dominated by capacity expansion in infrastructure (Vibhor Steel targeting pole capacity trebling, Sudeep Pharma planning Phase 1 commissioning by April 2027) and liability management in real estate (Unitech still awaiting Supreme Court nod on resolution framework, Sadbhav Infra facing modified audit opinion). The scheduled events calendar is heavy—multiple AGMs (P&G Hygiene Aug 24, Ambuja Cements Jun 26, Menon Pistons Aug 5) and a critical earnings call (Softtech Engineers Jun 2) provide near-term catalysts.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · Corporate action
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from May 27, 2026.
Investment Signals (11)
- Procter & Gamble Hygiene ↓ (BULLISH)▲
Total income of ₹4,33,289 Lakh for FY26 with PAT of ₹85,650 Lakh; recommended ₹60/share dividend (6x of many peers); cash reserves up 19.5% to ₹55,702 Lakh. Strong FMCG demand and premium positioning
- Sudeep Pharma ↓ (BULLISH)▲
Specialty ingredients vertical surged 62% to ₹280 Cr, contributing 44% of FY26 revenues (vs 34% in FY25); battery materials project on track for Apr 2027 commissioning with initial orders of 700 metric tons. High-growth pivot into new energy
- Vibhor Steel Tubes ↓ (BULLISH)▲
Q4 revenue +16% YoY, EBITDA +26% YoY; diversifying into higher-margin transmission towers and poles with capacity expansion (Jharsuguda, Hyderabad). Order book of 2,300 tons for towers indicates solid pipeline
- Zydus Lifesciences ↓ (BULLISH)▲
Increased buyback price from ₹1,150 to ₹1,260 per share (+9.5%), signaling management confidence in valuation. Represents commitment to shareholder returns
- Graphite India ↓ (BEARISH)▲
Revenue grew 16.2% YoY to ₹2,812 Cr but net profit declined 41.6% to ₹264 Cr; Q4 standalone net loss of ₹73 Cr vs profit of ₹62 Cr in Q4 FY25. Operating leverage is failing as costs (finance costs +250% YoY) outpace revenue
- Mahalaxmi Fabric Mills ↓ (BEARISH)▲
Q4 net loss of ₹82.65 Lakh vs net profit of ₹656.76 Lakh in Q4 FY25; expenses surged 104.7% in Q4 YoY. Structural cost pressure suggests no near-term recovery
- NRB Industrial Bearings ↓ (BEARISH)▲
Revenue grew 27.8% YoY in Q4 and 18.6% for full year, but net loss of ₹681.64 Lakh in Q4 vs profit of ₹3,949.34 Lakh in Q4 FY25 (though prior year had exceptional gain). Core operations remain loss-making
- Ruchira Papers ↓ (BEARISH)▲
Revenue +12.6% YoY in Q4 but net profit crashed 48.2% YoY; finance costs surged 182.8% in Q4 and 106% for full year. Input cost inflation (materials +23.6% QoQ) is crushing margins
- Sayaji Hotels (BEARISH)▲
Full-year revenue grew 7.6% YoY but operating profit before exceptional items collapsed to ₹367.93 Lakh from ₹1,310.83 Lakh (-72%); Q4 profit inflated by ₹1,111.70 Lakh lease termination gain. Core hotel operations weakening
- Bharat Dynamics ↓ (BEARISH)▲
Profit after tax fell 23.5% YoY; revenue declined 26.9% to ₹2,44,179 Lakh. Non-moving inventory of ₹8,327 Lakh with no provision despite risk. Defence order execution clearly lagging
- Algoquant Fintech ↓ (BEARISH)▲
Q4 net profit surged to ₹1,587.63 Lakh from ₹106.17 Lakh YoY (15x jump), but full-year profit was flat at ₹3,274 Lakh vs ₹3,258 Lakh. Interest income dropped 39.9% YoY. Quarterly spike appears unsustainable
Risk Flags (9)
- Unitech Limited/Going Concern↓ [HIGH RISK]▼
Auditor issued disclaimer of opinion citing material uncertainties on going concern, eroded net worth, and unresolved Supreme Court resolution framework. Highest risk in coverage
- Priya Limited/Insolvency↓ [HIGH RISK]▼
Total liabilities exceed assets by ₹4,463.55 Lakh; zero revenue; three banks declared company and promoters as willful defaulters; DRT summons received. Effectively a shell company
- Sadbhav Infrastructure/Modified Audit↓ [HIGH RISK]▼
Modified opinion on recoverability of investments/loans to RPTPL subsidiary; losses widened 46% to ₹1,755.24 Cr; board composition non-compliance fines. Triple red flag
- Daikaffil Chemicals/Equity Erosion↓ [HIGH RISK]▼
Other equity collapsed 98.7% from ₹285.22 Lakh to ₹3.71 Lakh; total assets declined 32.3% YoY; net loss widened to ₹214.07 Lakh. Capital base nearly wiped
- GENESYS International/Regulatory Fine↓ [MODERATE RISK]▼
₹4,18,900 fine from BSE and NSE for non-compliance with board composition; similar fine hitting MOIL (₹10,62,000) and Sadbhav Infra shows enforcement wave on Regulation 17(1)
- Graphite India/Sharp Q4 Loss↓ [MODERATE RISK]▼
Q4 FY26 standalone loss of ₹73 Cr vs profit of ₹62 Cr in Q4 FY25; volatile earnings pattern suggests commodity price sensitivity and lack of earnings visibility
- Mahalaxmi Fabric Mills/Cost Surge↓ [MODERATE RISK]▼
Q4 expenses surged 104.7% YoY while revenue could not keep pace; full-year net loss of ₹1,016.94 Lakh vs prior year profit of ₹361.59 Lakh. Business model under structural stress
- Bharat Dynamics/Inventory Obsolescence↓ [MODERATE RISK]▼
Non-moving inventory over 5 years at ₹8,327 Lakh without provision; ₹36,234 Lakh advances against short-closed contracts creating potential liability cliff
- NRB Industrial Bearings/Recurring Losses↓ [MODERATE RISK]▼
Despite 27.8% revenue growth in Q4, operating losses continue; leadership changes (new Chief Business Officer) suggest restructuring but no timeline for profitability
Opportunities (9)
- Sudeep Pharma/Battery Materials Step-Change↓ (OPPORTUNITY)◆
SAM battery materials project commissioning by April 2027 with 700 MT initial orders already received; specialty ingredients vertical growing at 62% YoY. Current revenue/carnings likely undervalue the transformational potential
- Vibhor Steel Tubes/Capacity Expansion↓ (OPPORTUNITY)◆
Pole capacity being trebled from 150 to 500 tons/month; transmission tower order book of 2,300 tons from state electricity boards (Madhya Pradesh, Chhattisgarh). Diversification into higher-margin products could re-rate margins from current ~4%
- Procter & Gamble Hygiene/High Dividend Yield↓ (OPPORTUNITY)◆
Recommended ₹60/share dividend (face value ₹10)—one of the highest absolute dividends in Indian FMCG; cash reserves ₹55,702 Lakh. Defensive FMCG play with robust demand
- Zydus Lifesciences/Increased Buyback at Premium↓ (OPPORTUNITY)◆
Buyback price raised 9.5% to ₹1,260—effectively setting a floor under the stock; management confidence signal in undervaluation. Arbitrage opportunity for tender participants
- Algoquant Fintech/Short-Term Momentum Trade↓ (OPPORTUNITY)◆
Q4 net profit surged 15x QoQ (₹106 Cr to ₹1,587 Cr) driven by fair value gains; stock may get short-term momentum. Strictly tactical—flat full-year earnings suggest caution
- Ruchira Papers/Revenue Recovery Play↓ (OPPORTUNITY)◆
Revenue grew 12.6% YoY in Q4 after full-year decline of 1.6%; if cost inflation (materials +23.6%, finance +106%) stabilizes, operational leverage could swing profits significantly in FY27
- Menon Pistons/Continuity & Dividend↓ (OPPORTUNITY)◆
Clean audit opinion, 100% dividend payout (Re.1 face value); 49th AGM scheduled Aug 5, 2026. Stable speciality engineering play with predictable returns
- Bengal Tea & Fabrics/Dividend Record Date Play↓ (OPPORTUNITY)◆
Record date for final ₹1.50/share dividend set as July 31, 2026; scrip could see accumulation ahead of ex-date. Small-cap dividend capture opportunity
- MOIL Limited/Dip Buy from Regulatory Fine↓ (OPPORTUNITY)◆
Fine of ₹10.62 L for board composition is procedural and one-time; company explicitly states no financial or operational impact. Fine payers (Genesys, MOIL, Sadbhav) often bounce back on compliance correction
Sector Themes (5)
- Manufacturing Margin Crunch◆
5/5 manufacturing companies reporting profits (Mahalaxmi Fabric Mills, Ruchira Papers, Graphite India, NRB Industrial Bearings, Bharat Dynamics) saw YoY net profit declines of 23% to 100%+ (swings to loss). Common drivers: raw material inflation (phosphoric acid for Sudeep, materials +23% for Ruchira), finance cost spikes (+106% to +250%), and capacity underutilization (Vibhor Steel at 67-74%). Implies pricing power is insufficient to pass through costs.
- Infrastructure/Defence Execution Slowdown◆
Bharat Dynamics revenue fell 27% YoY, Sadbhav Infra losses widened 46%; both cited project execution delays and regulatory overhangs. Contrast with Vibhor Steel (16% revenue growth) suggests selectivity—private/state-level infra (electricity boards) is spending, while central PSU defence and toll-road segments are contracting.
- Regulatory Enforcement Wave on Board Composition◆
Three separate fines for non-compliance with SEBI Regulation 17(1) (board composition) were filed on the same date (May 27-28, 2026): Genesys International (₹4.19 L each from BSE & NSE), MOIL (₹10.62 L total), Sadbhav Infra (amount undisclosed). This indicates a coordinated SEBI/NSE/BSE crackdown on governance compliance—companies with director vacancies should be flagged.
- Capital Returns Preference Over Reinvestment◆
Despite profit declines, dividend declarations continued (P&G Hygiene ₹60, Graphite India ₹7, Bengal Tea ₹1.50, Ruchira Papers ₹2.50, Menon Pistons Re.1) and Zydus raised buyback price. In contrast, only Sudeep Pharma committed capex (battery materials project). Signals management preference for shareholder appeasement over growth reinvestment in uncertain times.
- Bifurcated Earnings Calls Activity◆
Two analyst meet disclosures (IndiaMART with Enam Group, Physicswallah earnings call) alongside Softtech Engineers scheduling a June 2 call—all 'neutral' filings with no new UPSI. Suggests companies are engaging investors but selectively, likely focusing on defensive narratives. The contrast with negative earnings (Mahalaxmi, Graphite not announcing separate analyst calls) indicates good-news-only engagement strategy.
Watch List (8)
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June 2, 2026 at 11:00 AM IST—first disclosed call; management participation includes Founder/Chairman/CEO and CFO. Watch for organic revenue growth vs. AI/tech tailwinds narrative [June 2, 2026]
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Auditor flagged unapproved resolution framework filed with SC (versions Sep 2020, Oct 2020, Apr 2022). Any court ruling on the framework will be a binary event—either unlocking assets or triggering insolvency. No date set but critical to monitor [No date]
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LPG and energy supply disruptions delayed commissioning; customer qualification timelines extended 6-12 months. Watch for updates on Phase 1 commissioning (target Apr 2027) and any order flow from the 700 MT initial orders [Apr 2027 target]
- P&G Hygiene/AGM & Dividend👁
62nd AGM on Aug 24, 2026 with record date Aug 17, 2026—₹60/share dividend to be approved. Watch for commentary on competitive landscape and margin trajectory in oral care [Aug 24, 2026]
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Addendum increasing buyback price to ₹1,260 published May 28; original announcement May 20. Watch for buyback completion timeline and acceptance ratio—could signal floor value. Tender opens soon [Ongoing]
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Modified audit opinion over investments and loans to Rohtak Panipat Tollway subsidiary; CFO changed (Kaivan Vora appointed May 27). Watch for any restructuring announcements or subsidiary-level resolutions [No date]
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Q4 FY26 saw a swing from ₹100 Cr profit (Q3) to ₹73 Cr loss—extreme volatility. Watch monthly graphite electrode pricing data and any capacity utilization improvement commentary in next filing [Next quarter]
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43rd AGM on Jun 26, 2026 at 2:30 PM via VC; record date Jun 12. Key indicator of sector health—cement demand commentary from management will be a bellwether for infrastructure spend [Jun 26, 2026]
Filing Analyses
(50)
28-05-2026
Bharatam Ventures Limited (formerly Pet Plastics Limited) has issued a revised notice for a Board Meeting on May 28, 2026, to approve audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, along with a proposed acquisition of a company in the sugar sector and appointment of Mr. Rahul Chandrashekhar Chandratre as Additional Director. The trading window remains closed until 48 hours after the results are declared. No financial performance data are disclosed in this filing, so period-over-period comparisons cannot be made.
- · Company name changed from Pet Plastics Limited to Bharatam Ventures Limited (effective prior to this filing).
- · Board meeting scheduled for Thursday, May 28, 2026.
- · Agenda includes approval of audited standalone and consolidated financial results for quarter and financial year ended March 31, 2026.
- · Agenda includes approval of acquisition of a company in the sugar sector, including purchase consideration and terms.
- · Agenda includes appointment of Mr. Rahul Chandrashekhar Chandratre (DIN: 02653975) as Additional Director.
- · Agenda includes appointment of Internal Auditor.
- · Trading window closed until 48 hours after declaration of results per SEBI (Prohibition of Insider Trading) Regulations.
- · Earlier intimation dated May 22, 2026 is being modified by this revised notice.
28-05-2026
Essar Shipping Limited has informed the stock exchanges that its Board of Directors will meet on Saturday, May 30, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The trading window for designated persons has been closed from April 1, 2026, until 48 hours after the outcome is made public.
- · Board meeting date: Saturday, May 30, 2026
- · Agenda: Approval of audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2026
- · Trading window closure period: April 1, 2026, until 48 hours after the board meeting outcome is made public
- · Filing date: May 27, 2026
- · Company CIN: L61200GJ2010PLC060285
- · BSE Scrip Code: 533704
- · NSE Code: ESSARSHPNG
28-05-2026
Shree Salasar Investments Limited reported audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026, approved at a Board Meeting on May 27, 2026. The filing confirms the results along with the audit report were submitted to BSE but does not disclose any actual financial figures, making it a procedural compliance update only.
- · Board meeting held on May 27, 2026 at 5:30 PM and concluded at 9:00 PM
- · Results and audit report are enclosed but no financial data extracted from this filing
- · Results to be published in newspapers as per Regulation 47 of LODR
- · Company CIN: L65990MH1980PlC023228
- · BSE Code: 503635
28-05-2026
Mahalaxmi Fabric Mills Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company posted a net loss of ₹82.65 Lakh for Q4 FY26, compared to a net profit of ₹656.76 Lakh in Q4 FY25, a significant decline. For the full year, net loss widened to ₹1,016.94 Lakh from a profit of ₹361.59 Lakh in FY25, driven by higher expenses and exceptional items.
- · Exceptional items in FY26 were ₹0.00 Lakh (Q4) and ₹741.16 Lakh (full year), compared to ₹1,284.88 Lakh in FY25.
- · Total expenses in Q4 FY26 were ₹1,714.05 Lakh, up from ₹837.27 Lakh in Q4 FY25.
- · Total expenses for FY26 were ₹6,035.46 Lakh, down from ₹7,290.31 Lakh in FY25.
- · Earnings per share (basic) for Q4 FY26 was negative ₹0.78, vs positive ₹6.18 in Q4 FY25; for FY26 negative ₹9.58 vs positive ₹3.40 in FY25.
- · Total equity (standalone) decreased to ₹7,669.42 Lakh as of March 31, 2026 from ₹8,680.37 Lakh a year earlier.
- · Total assets (standalone) decreased to ₹13,718.26 Lakh from ₹14,889.73 Lakh.
- · Non-current borrowings increased sharply to ₹2,035.23 Lakh from ₹403.63 Lakh.
- · Current borrowings increased to ₹1,944.81 Lakh from ₹1,496.60 Lakh.
- · Trade payables increased to ₹2,904.44 Lakh from ₹1,465.20 Lakh.
- · The auditor's report is unmodified (clean opinion).
28-05-2026
Sadbhav Infrastructure Project Limited reported standalone revenue from operations of ₹2,851 million for Q4 FY26, up from ₹2,784 million in Q3 FY25, but down from ₹3,016 million in Q4 FY25. The company posted a net loss of ₹1,755.24 million for the year ended March 31, 2026, compared to a loss of ₹1,199.67 million in the prior year. The auditors issued a modified opinion regarding the recoverability of investments and loans to subsidiary Rohtak Panipat Tollway Private Limited (RPTPL). The board also appointed Mr. Kaivan Vora as CFO effective May 27, 2026.
- · Auditors issued a modified opinion on standalone and consolidated financial results for Q4 and FY26 due to uncertainty over recoverability of investments and loans to RPTPL.
- · The company's net worth as of March 31, 2026 was ₹6,557.45 million, up from ₹6,159.69 million a year ago.
- · Total borrowings (non-current + current) stood at ₹3,659.62 million as of March 31, 2026, down from ₹6,026.95 million a year ago.
- · The arbitration award in favor of RPTPL against NHAI for INR 10,805.45 million (principal of INR 7,796.31 million and interest of INR 3,009.14 million) is under challenge by NHAI before the Delhi High Court.
- · The company received INR 650 million as settlement under Vivad se Vishwas II scheme during FY26.
28-05-2026
Algoquant Fintech Limited reported audited standalone financial results for Q4 FY26 and FY26, with net profit for the quarter surging to ₹1,587.63 Lakh from ₹106.17 Lakh in Q4 FY25, driven by a sharp increase in net gain on fair value changes. However, for the full year, net profit remained nearly flat at ₹3,274.40 Lakh versus ₹3,257.93 Lakh in FY25, while total revenue from operations grew only marginally by 0.4% to ₹23,546.00 Lakh. The Board also approved the appointment of M/s. VBRG & Associates as Internal Auditor for FY26-27.
- · Interest income declined sharply by 39.9% YoY to ₹912.54 Lakh in FY26 from ₹1,518.81 Lakh in FY25.
- · Operating expenses decreased 4.6% YoY to ₹11,776.21 Lakh in FY26 from ₹12,339.04 Lakh in FY25.
- · Net gain on fair value changes for FY26 was ₹19,412.59 Lakh, nearly flat compared to ₹19,176.38 Lakh in FY25.
- · Total comprehensive income for FY26 was ₹3,281.13 Lakh, virtually unchanged from ₹3,270.77 Lakh in FY25.
- · Paid-up equity share capital increased from ₹312.33 Lakh to ₹2,810.96 Lakh, reflecting a bonus issue or stock split (face value ₹1 each).
- · Earnings per share (basic and diluted) for FY26 stood at ₹1.16, identical to FY25.
28-05-2026
Sadbhav Infrastructure Project Limited informed stock exchanges that its Board of Directors discussed non-compliance with Regulation 17(1) of SEBI LODR regarding board composition, and the fines imposed by NSE and BSE via email/letters dated May 27, 2026. The Board resolved to pay the fines and is actively searching for a suitable candidate to fill the director vacancy to ensure future compliance.
- · Non-compliance relates to Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates minimum board composition requirements.
- · Fines were imposed by both NSE and BSE via email dated May 27, 2026.
- · The Board meeting was held on May 27, 2026, and the intimation was filed on May 28, 2026.
- · The company is actively searching for a suitable candidate for the director post to remedy the non-compliance.
28-05-2026
Accel Limited's Board of Directors approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026, at a meeting held on May 27, 2026. The statutory auditors' report on these results was also noted. No specific financial figures or period-over-period comparisons were provided in the filing.
- · Board meeting commenced at 5:00 PM IST on May 27, 2026, and concluded at 12:25 AM IST on May 28, 2026.
- · The company will announce the date of its Annual General Meeting for FY 2025-26 in due course.
- · The filing is made under Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
28-05-2026
Accel Limited's Board of Directors approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026, at a meeting held on May 27, 2026. The statutory auditors' report on the results was also noted. No specific financial figures or period-over-period comparisons were provided in this filing.
- · Board meeting commenced at 5:00 PM IST on May 27, 2026, and concluded at 12:25 AM IST on May 28, 2026.
- · The company will announce the date of its Annual General Meeting for FY 2025-26 in due course.
- · Audited financial results are for the quarter and financial year ended March 31, 2026.
28-05-2026
Havells India Limited has published newspaper notices regarding the transfer of unpaid/unclaimed dividends for FY 2018-19 (Final) and the underlying shares to the Investor Education and Protection Fund (IEPF), as required under applicable regulations. The notices were published in the Economic Times (English) and Jansatta (Hindi) on May 28, 2026. This is a routine regulatory compliance action and does not reflect any change in the company's financial or operational performance.
- · The transfer pertains to unpaid/unclaimed dividends for FY 2018-19 (Final) and the underlying shares on which dividend has remained unpaid/unclaimed for 7 consecutive years.
- · The newspaper publications were made in compliance with regulatory requirements.
- · No financial figures, performance metrics, or material business updates were disclosed in this filing.
28-05-2026
IndiaMART InterMESH Limited disclosed an analyst/institutional investor meet with Enam Group on May 28, 2026, conducted via video conference. No unpublished price sensitive information was shared during the call. The company directed investors to its latest Investor Presentation available on its website.
28-05-2026
Aveer Foods Limited reported audited financial results for FY ended March 31, 2026, with an unmodified audit opinion. The company raised ₹26,00,00,050 through warrants, fully utilized for acquisition of Kamal Industries (₹25,00,00,000) and working capital (₹1,00,00,050). A final dividend of ₹0.25 per share is recommended. An exceptional item of ₹10.10 lakh was recorded due to new Labour Codes.
- · The company has only one primary business segment: Sale of Processed Food items.
- · The statutory auditors issued an unqualified opinion on the financial results.
- · The board recommended a final dividend of ₹0.25 per equity share for FY 2025-2026, subject to shareholder approval.
- · An exceptional item of ₹10.10 lakh was recognized due to the impact of new Labour Codes on gratuity.
- · The company received 25% upfront consideration (₹625 lakh) on warrants and the remaining 75% upon conversion during the quarter ended March 31, 2026.
28-05-2026
Procter & Gamble Hygiene and Health Care Limited reported audited financial results for the year ended March 31, 2026, with total income of ₹4,33,289 Lakhs and profit after tax of ₹85,650 Lakhs, representing strong growth compared to the prior nine-month period. The Board recommended a dividend of ₹60 per equity share. However, the current year figures are not directly comparable to the prior period due to a change in the financial year end from June 30 to March 31, and the fourth quarter (Q4 FY26) showed a sequential decline in profit compared to Q3 FY26.
- · The company changed its financial year end from June 30 to March 31, effective from the previous period (nine months ended March 31, 2025).
- · The Board recommended a dividend of ₹60 per equity share (face value ₹10), payable on or before September 18, 2026, subject to shareholder approval at the 62nd Annual General Meeting.
- · Cash and cash equivalents increased to ₹55,702 Lakhs as of March 31, 2026, from ₹46,637 Lakhs a year earlier.
- · Total equity stood at ₹75,347 Lakhs as of March 31, 2026, compared to ₹73,699 Lakhs as of March 31, 2025.
- · The company has no subsidiaries, associates, or joint ventures.
- · The audit report expressed an unmodified opinion on the financial results.
- · The company evaluated the New Labour Codes and concluded no financial impact due to current salary structure alignment.
28-05-2026
Ruchira Papers Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for the quarter was ₹18,200.59 Lakhs, up 12.6% YoY from ₹16,168.48 Lakhs, while full-year revenue declined 1.6% YoY to ₹64,880.39 Lakhs from ₹65,923.04 Lakhs. Net profit for the quarter fell 48.2% YoY to ₹953.16 Lakhs (from ₹1,839.65 Lakhs), and full-year profit dropped 34.4% to ₹4,414.30 Lakhs (from ₹6,732.68 Lakhs). The Board recommended a dividend of ₹2.50 per share and approved re-appointment of auditors and managerial remuneration for Sh. Vipin Gupta.
- · Auditor's report is unmodified with no qualifications.
- · Cost of materials consumed for FY26 was ₹43,533.38 Lakhs vs ₹41,186.66 Lakhs in FY25 (up 5.7%).
- · Finance costs for FY26 rose to ₹848.52 Lakhs from ₹411.89 Lakhs in FY25 (up 106%).
- · Earnings per share (basic) for FY26 was ₹14.79 vs ₹22.56 in FY25 (down 34.4%).
- · Total comprehensive income for FY26 was ₹4,371.02 Lakhs vs ₹6,689.02 Lakhs in FY25 (down 34.6%).
- · Property, Plant & Equipment increased to ₹42,232.26 Lakhs from ₹30,208.03 Lakhs (up 39.8%).
- · Capital work-in-progress rose to ₹12,847.93 Lakhs from ₹3,027.88 Lakhs (up 324%).
- · Non-current borrowings stood at ₹7,614.15 Lakhs vs ₹2,725.83 Lakhs (up 179%).
- · Current borrowings were ₹5,846.25 Lakhs (no prior year figure provided).
- · Cash and cash equivalents declined to ₹60.03 Lakhs from ₹129.99 Lakhs (down 53.8%).
28-05-2026
Banaras Beads Limited submitted its audited standalone financial results for the quarter and year ended March 31, 2026, to BSE and NSE on May 28, 2026. The results were reviewed by the Audit Committee and approved by the Board in a meeting held the same day. The company also provided an unmodified audit opinion, statement of assets and liabilities, cash flow statement, profit & loss statement, and auditor's report. No specific financial figures or period-over-period comparisons were disclosed in this filing.
- · Board meeting held on May 28, 2026, from 11:30 AM to 1:45 PM.
- · Audited results include standalone financials, assets & liabilities, cash flow, profit & loss, and auditor's report.
- · Declaration of unmodified opinion on the audit report for the year ended March 31, 2026.
- · Form A under regulation 33(3)(d) duly signed by all concerned authorities.
28-05-2026
Procter & Gamble Hygiene and Health Care Limited announced that its 62nd Annual General Meeting (AGM) will be held on August 24, 2026, with a record date of August 17, 2026, for the AGM and for determining eligibility for dividend payment, subject to shareholder approval. The filing is a routine corporate governance update with no financial results or performance data.
- · Record date for AGM and dividend eligibility is August 17, 2026.
- · AGM scheduled for August 24, 2026.
- · Dividend payment is subject to shareholder approval at the AGM.
28-05-2026
Ceeta Industries Ltd. has informed BSE that the corporate governance provisions under SEBI (LODR) Regulations, 2015 are not applicable to the company as of March 31, 2026, because its paid-up equity share capital does not exceed Rs 10 crore and net worth does not exceed Rs 25 crore. The company's net worth stood at Rs 13.04 crore as of March 31, 2026, up from Rs 9.67 crore in FY2024, while paid-up capital remained flat at Rs 1.45 crore. The company undertakes to comply within six months if the provisions become applicable later.
- · The exemption certificate was provided by statutory auditor M/s G. K. Tulsyan & Co. (FRN-323246E).
- · Net worth calculation excludes Capital Reserves (Rs 13.30 Cr), Capital Redemption Reserve (Rs 1.33 Cr), and Other Comprehensive Income (Rs 0.34 Cr) as they are not considered distributable or notional.
- · Total Other Equity (including all reserves) stood at Rs 28.00 Cr as of March 31, 2026, but net worth per SEBI definition is only Rs 13.04 Cr.
- · The company's registered office is in Tumkur, Karnataka, and corporate office is in Bangalore.
28-05-2026
Procter & Gamble Hygiene and Health Care Limited announced that its 62nd Annual General Meeting will be held on August 24, 2026, with the record date set for August 17, 2026, for both the meeting and the payment of dividends, subject to shareholder approval. No financial results or performance data were disclosed in this filing.
- · Record date for AGM and dividend payment is August 17, 2026.
- · AGM scheduled for August 24, 2026.
- · Dividend payment is subject to shareholder approval at the AGM.
28-05-2026
Ruchira Papers Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for Q4 FY26 was ₹18,200.59 Lakhs, up 12.6% YoY from ₹16,168.48 Lakhs in Q4 FY25, but profit after tax declined 48.2% YoY to ₹953.16 Lakhs from ₹1,839.65 Lakhs. For the full year, revenue fell 1.6% YoY to ₹64,880.39 Lakhs and net profit dropped 34.4% to ₹4,414.30 Lakhs. The Board recommended a dividend of ₹2.50 per equity share for FY26.
- · Auditor's report is unmodified with no qualifications, reservations or adverse remarks.
- · Finance costs surged 182.8% YoY in Q4 FY26 to ₹328.73 Lakhs and 106.0% YoY for FY26 to ₹848.52 Lakhs.
- · Cost of materials consumed increased 23.6% YoY in Q4 FY26 to ₹12,450.00 Lakhs.
- · Total comprehensive income for FY26 was ₹4,371.02 Lakhs, down 34.6% from ₹6,689.02 Lakhs in FY25.
- · Property, Plant & Equipment grew 39.8% to ₹42,232.26 Lakhs as of March 31, 2026 from ₹30,208.03 Lakhs a year earlier.
- · Capital Work in Progress increased to ₹12,847.93 Lakhs from ₹3,027.88 Lakhs, indicating ongoing expansion.
- · Total borrowings (non-current + current) stood at ₹12,513.10 Lakhs as of March 31, 2026 (₹2,725.83 + ₹5,846.25 + ₹3,941.02 from other financial liabilities? Actually from balance sheet: Non-current borrowings ₹2,725.83 Lakhs, Current borrowings ₹5,846.25 Lakhs, total ₹8,572.08 Lakhs).
- · Re-appointment of M/s Sanjay Kumar Garg & Associates as Cost Auditor and M/s K.M. Aggarwal & Co as Internal Auditor for FY27.
- · Managerial remuneration to Sh. Vipin Gupta, CFO & Executive Director, approved w.e.f. June 1, 2026, subject to shareholder approval.
28-05-2026
MPS Pharmaa Limited (formerly Advik Laboratories Ltd) held a board meeting on May 28, 2026, approving standalone audited financial results for Q4 and FY ended March 31, 2026. The board also re-appointed M/s Sanghi & Co. as internal auditor for FY 2026-27. The auditor's report includes a modified opinion, and a statement of impact of audit qualification was taken on record.
- · Board meeting held on May 28, 2026 at 12:00 PM, concluded at 1:50 PM.
- · Auditor's report contains a modified opinion; statement of impact of audit qualification attached as Annexure 1.
- · Related party transactions for half year ended March 31, 2026 disclosed as Annexure 2.
- · Internal auditor re-appointed for FY 2026-27.
28-05-2026
Sudeep Pharma reported FY26 revenue growth driven by a 62% surge in its specialty ingredients vertical (to INR280 crore from INR172 crore), while the pharma food and nutrition vertical grew 10%. However, the company faced challenges from raw material inflation (phosphoric acid) and delays in its greenfield manufacturing project due to LPG and energy supply disruptions. The battery materials project (SAM) is on track for Phase 1 commissioning by April 2027, with initial commercial orders of ~700 metric tons received.
- · Pharma food and nutrition vertical contributed ~56% of FY26 revenues.
- · Specialty ingredients vertical contribution increased from 34% in FY25 to ~44% in FY26.
- · Greenfield facility experienced delays due to LPG and energy supply disruptions; customer qualification timelines expected 6-12 months.
- · SAM Phase 1 capacity of 25,000 metric tons per year on track for commissioning by April 2027.
- · Initial commercial purchase orders of ~700 metric tons received for SAM in the last month.
- · 51 new customer approvals received in FY26, expected to contribute in FY27.
- · Raw material price increases (phosphoric acid) were passed on to customers without material margin compression.
28-05-2026
Shivam Chemicals Limited's Board of Directors approved the standalone and consolidated audited financial results for the half year and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditors issued an unmodified (clean) opinion on the financial statements. The trading window will remain closed for 48 hours from the conclusion of the board meeting.
- · Board meeting started at 11:30 a.m. and concluded at 1:45 p.m. on May 28, 2026.
- · The audit report was issued by M/s. PSRD & Co., Chartered Accountants.
- · The company declared that the audit opinion is unmodified for both standalone and consolidated financial statements.
- · Trading window closure period: 48 hours from the conclusion of the board meeting/results being made public.
28-05-2026
Anna Infrastructures Ltd reported a net loss of ₹49.31 Lacs for Q4 FY26, a sharp reversal from a profit of ₹86.88 Lacs in the same quarter last year, driven by a collapse in revenue from operations to just ₹3.79 Lacs from ₹126.64 Lacs. For the full year FY26, net profit fell 40% to ₹45.25 Lacs from ₹75.38 Lacs in FY25, with total income declining 5.6% to ₹215.65 Lacs. The Real Estate segment reported a segment loss of ₹7.78 Lacs in Q4 versus a profit of ₹57.86 Lacs in Q4 FY25, while the Financing segment also saw a loss of ₹3.99 Lacs.
- · The auditor's report includes an unmodified opinion on the standalone financial results.
- · No investor complaints were outstanding at the beginning or received during the quarter ended 31.03.2026.
- · The Board meeting commenced at 1:00 PM and concluded at 2:00 PM on 28th May 2026.
- · Cash and bank balances increased to ₹76.98 Lacs as at 31.03.2026 from ₹21.22 Lacs as at 31.03.2025.
- · Total assets increased to ₹1,183.79 Lacs from ₹1,101.11 Lacs as at 31.03.2025.
- · Other Equity increased to ₹761.22 Lacs from ₹685.84 Lacs as at 31.03.2025.
- · The Real Estate segment's capital employed decreased to ₹398.86 Lacs from ₹507.10 Lacs as at 31.03.2025.
- · The Financing segment's capital employed increased to ₹742.36 Lacs from ₹558.72 Lacs as at 31.03.2025.
28-05-2026
Sainik Finance & Industries reported FY26 annual net profit of ₹416.56 lakh (₹4.17 Cr), down 33% from ₹617.61 lakh in FY25, while total income rose 1.3% to ₹1,695.11 lakh. The company also disclosed a net loss of ₹125.51 lakh in Q4 FY26, compared to a profit of ₹267.04 lakh in same quarter last year, with a notable credit impairment reversal in the quarter that partially offset operating weakness.
- · Quarterly net profit of ₹125.51 lakh for Q4 FY26 included a credit of ₹24.73 lakh from impairment reversal on financial instruments (compared to a ₹14.77 lakh credit in Q4 FY25 and a charge of ₹31.10 lakh for full FY26).
- · Finance costs rose to ₹1,049.54 lakh for FY26 from ₹937.16 lakh in FY25, an increase of 12.0%.
- · Employee benefit expense rose to ₹130.26 lakh for FY26 from ₹107.37 lakh in FY25, an increase of 21.3%.
- · Total assets grew to ₹16,100.14 lakh as at March 31, 2026 from ₹14,264.07 lakh as at March 31, 2025 (+12.9%).
- · The company reported a net cash outflow from operations of ₹2,527.21 lakh in FY26 vs a net inflow of ₹1,681.55 lakh in FY25, driven by a ₹2,136.71 lakh increase in loans and advances.
- · The Statutory Auditor's report includes an Emphasis of Matter (not modified) regarding loans on which principal and interest have not been received but are considered recoverable as per loan agreements.
- · No separate reportable segments as per Ind AS 108 — entire business is financing activity within India.
- · The company has no trade receivables, no inventories, and no depreciation & amortization expense.
28-05-2026
Unitech Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The statutory auditor issued a disclaimer of opinion, citing material uncertainties related to going concern, lack of impairment assessments on investments and loans, and unresolved reconciliations. The company's net worth is eroded, it has incurred losses, and its resolution framework filed with the Supreme Court remains unapproved.
- · The auditor issued a disclaimer of opinion on the standalone financial results due to multiple material uncertainties.
- · The company's net worth is eroded and it has incurred losses in both current and previous years.
- · The Resolution Framework filed with the Supreme Court (versions dated Sep 10, 2020, Oct 28, 2020, and Apr 27, 2022) has not yet been approved.
- · No impairment assessment was conducted for investments in subsidiaries (₹428,54.75 lakh), joint ventures (₹540,58.48 lakh), associates (₹299.25 lakh), and unrelated entities (₹612,47.17 lakh) despite strong impairment indicators.
- · Loans and advances to subsidiaries, joint ventures, associates (₹4508,42.92 lakh) and trade receivables from them (₹45,55.06 lakh) lack sufficient evidence for fair value estimation of expected credit loss.
- · Corporate and bank guarantees issued by erstwhile management (₹1765,60.27 lakh) lack sufficient evidence for fair value estimation of expected credit loss.
- · Amount recoverable from GNIDA (₹183,39.80 lakh) is subject to confirmation/reconciliation.
- · Variation exists between balance lying with Supreme Court registry and books of accounts; amount indeterminable.
- · Balances of trade receivables, trade payables, bank balances, borrowings, advances from customers, and other assets/liabilities are pending reconciliation/confirmation.
- · Unpaid statutory dues from erstwhile management period: Income-tax ₹79,29.00 lakh, Professional Tax ₹0.59 lakh, EPF ₹5,00.33 lakh.
- · Old GST input credit receivable is subject to reconciliation with GST portal; amount indeterminable.
- · Default in repayment of public deposits accepted by erstwhile management is noted.
28-05-2026
Vibhor Steel Tubes reported Q4 FY26 revenue growth of 16% YoY and EBITDA growth of 26% YoY, with H2 revenue up 18% and EBITDA up 21% YoY. The company is diversifying into higher-margin products (transmission line towers, octagon/high-mass poles, crash barriers) and expanding capacity in Jharsuguda and Hyderabad. However, overall EBITDA margin remains low at ~4%, and 85% of revenue still comes from lower-margin pipe products.
- · Installed capacities: Maharashtra 1,25,000 tons (74% utilization), Hyderabad 96,000 tons (67% utilization).
- · Order book: 2,300 tons for transmission line towers (mainly from Madhya Pradesh Electricity and Chhattisgarh), 300 tons for poles.
- · Pole production capacity being expanded from 150 to 300 tons per month, targeting 500 tons per month.
- · New galvanizing tank being installed in Jharsuguda (expected in 1-1.5 months) and another in Hyderabad for crash barriers.
- · Credit rating upgraded from BBB to BBB+ by CRSIL.
- · Monopole certification process underway with CPRI; expected to be completed by Q2 FY27.
- · Target to reduce pipe revenue share from 85% to 75% in the current year, with new products contributing 25-30% of revenue.
- · No new debt planned; existing debt covers expansion.
- · EBITDA margin expected to improve by at least 1% (from ~4%) due to higher-margin products.
- · Transmission line tower margin: ₹10,000/ton vs pipe margin: ₹3,000-4,000/ton.
28-05-2026
Graphite India Limited reported audited standalone financial results for the year ended March 31, 2026, with total income of ₹2,979 Cr (up 4.7% YoY from ₹2,845 Cr) and net profit of ₹264 Cr (down 41.6% YoY from ₹452 Cr). The Board recommended a dividend of ₹7 per equity share and approved the re-appointment of Mrs. Sudha Krishnan as Non-Executive Independent Director for a second term. However, the company posted a net loss of ₹73 Cr in Q4 FY26 compared to a profit of ₹100 Cr in Q3 FY26 and ₹62 Cr in Q4 FY25, reflecting a sharp sequential and year-on-year decline in quarterly performance.
- · The Statutory Auditors issued an unmodified (clean) opinion on both standalone and consolidated financial statements.
- · The Board meeting commenced at 12:15 p.m. and ended at 1:50 p.m. on May 28, 2026.
- · Mrs. Sudha Krishnan holds a master’s degree in English literature from Delhi University and a master’s degree in Public Administration from George Mason University, Virginia, USA, with close to four decades of experience in public policy and finance.
- · Mrs. Sudha Krishnan is not debarred from holding the office of director by SEBI or any other authority.
- · The company reported an exceptional item gain of ₹7 Cr for FY26 (vs. loss of ₹87 Cr in FY25).
- · Finance costs increased sharply to ₹21 Cr in FY26 from ₹6 Cr in FY25.
- · Other expenses for Q4 FY26 were ₹308 Cr, significantly higher than ₹83 Cr in Q3 FY26 and ₹74 Cr in Q4 FY25.
- · Basic EPS (after exceptional item) for FY26 was ₹13.54 vs. ₹23.15 in FY25.
- · Basic EPS for Q4 FY26 was negative at ₹(3.71) vs. positive ₹5.13 in Q3 FY26 and ₹3.18 in Q4 FY25.
28-05-2026
OnEMI Technology Solutions Ltd has issued a Postal Ballot Notice dated May 27, 2026, seeking shareholder approval via remote e-voting for six special resolutions, including the amendment and ratification of the Kissht Employee Stock Option Plans (ESOP) for 2019, 2021, and 2022, and the extension of grants to eligible employees of group companies. The e-voting period runs from May 29, 2026 to June 27, 2026, with the cut-off date for eligibility being May 22, 2026. No financial figures or performance metrics are disclosed in this filing.
- · Remote e-voting commences on Friday, May 29, 2026 at 09:00 AM IST and concludes on Saturday, June 27, 2026 at 05:00 PM IST.
- · Cut-off date for determining eligible members is Friday, May 22, 2026.
- · The Scrutinizer appointed is Ms. Ramadevi Satish Venigalla, Practicing Company Secretary (FCS No.: 7345, CP No.: 17889).
- · Results of e-voting will be announced within 2 working days from the conclusion of e-voting and will be displayed on the company's website and NSDL's website.
- · The resolutions are proposed as Special Resolutions under Sections 108 and 110 of the Companies Act, 2013.
28-05-2026
The Board of Bengal Tea & Fabrics Ltd. approved standalone audited financial results for Q4 and FY ended March 31, 2026, and declared a final dividend of ₹1.50 per share (15% on face value of ₹10) for FY 2025-26. The Board also re-appointed Mr. Kushagra Kanoria as Whole-Time Director for three years from April 1, 2027, subject to shareholder approval. No financial performance figures were disclosed in this filing, so period-over-period comparisons cannot be assessed.
- · Record date for final dividend is July 31, 2026.
- · Mr. Kushagra Kanoria's re-appointment as Whole-Time Director is effective from April 1, 2027, for a three-year term ending March 31, 2030.
- · Mr. Kushagra Kanoria holds a Master’s in Business Administration from Columbia University and a B.Sc. in Computer Science Engineering from the University of Michigan.
- · He previously served as Vice President of Bengal Tea & Fabrics and worked at Deutsche Bank, New York.
- · He is also a director of Rydak Enterprises & Investments Limited (the holding company) and AKV Textiles Limited.
- · Except for Managing Director Adarsh Kanoria and Non-executive Director Shubha Kanoria, no other director is related to Mr. Kushagra Kanoria.
28-05-2026
Genesys International Corporation Limited received a notice dated May 27, 2026 from BSE and NSE imposing fines of ₹4,18,900 each (inclusive of GST) for non-compliance with Regulation 17(1) of SEBI LODR Regulations, following the vacancy created by the retirement of Independent Director Mr. Manish Patel. The company states it has already filled the vacancy by appointing Mr. Sumit Sen as an Independent Director on March 13, 2026, and reports no quantifiable financial or operational impact beyond the fines.
- · The notice date is May 27, 2026, and the company disclosed it on May 28, 2026.
- · The non-compliance relates to a vacancy in the Board of Directors under Regulation 17(1) (composition of Board of Directors) due to retirement of an Independent Director.
- · The company reports that the vacancy has been filled with the appointment of Mr. Sumit Sen as Independent Director on March 13, 2026, indicating the non-compliance period likely spanned between the retirement date and that appointment date.
- · The company states there is no quantifiable impact on financials or operations beyond the fine amounts.
28-05-2026
Shivam Chemicals Limited announced its audited standalone and consolidated financial results for the half year and year ended March 31, 2026, approved by the Board on May 28, 2026. The statutory auditors issued an unmodified (clean) opinion on the financial statements. The trading window will remain closed for 48 hours from the conclusion of the board meeting.
- · Board meeting started at 11:30 AM and concluded at 1:45 PM on May 28, 2026.
- · Audit reports were issued by M/s. PSRD & Co., Chartered Accountants.
- · The audit opinion is unmodified for both standalone and consolidated financial statements.
- · Trading window closure period: 48 hours from the conclusion of the board meeting / public disclosure of results.
28-05-2026
MKVentures Capital Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board declared an interim dividend of ₹0.25 per equity share (face value ₹10) for FY2025-26, appointed Mr. Ajay Shah as Additional Director and Managing Director & CEO (subject to member approval), and re-designated Mr. Madhusudan Kela from Managing Director to Non-Executive Non-Independent Director. The filing does not disclose specific financial figures, so no period-over-period comparisons are available.
- · Audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2026 were approved with an unmodified audit opinion.
- · Interim dividend of ₹0.25 per share (face value ₹10) declared for FY2025-26; record date fixed as June 5, 2026.
- · Mr. Ajay Shah appointed as Additional Director (w.e.f. May 28, 2026) and as Managing Director & CEO, subject to member approval.
- · Mr. Madhusudan Kela re-designated from Managing Director to Non-Executive Non-Independent Director effective May 28, 2025.
- · M/s. Mahesh Chandra & Associates appointed as Internal Auditors for FY2026-27.
- · Postal ballot notice approved for special business; cut-off date for voting eligibility is May 29, 2026.
- · Trading window for designated persons will reopen from June 1, 2026.
28-05-2026
International Travel House Ltd has published a notice regarding the transfer of unclaimed dividends for FY2018-19 and corresponding equity shares to the Investor Education and Protection Fund (IEPF) on September 1, 2026. Shareholders must lodge claims by August 27, 2026, to prevent transfer. The notice was published in Financial Express and Jansatta on May 28, 2026.
- · Unclaimed dividend for FY2018-19 and related shares will be transferred to IEPF on September 1, 2026.
- · Last date for shareholders to lodge claims is August 27, 2026.
- · Notice published in Financial Express (English) and Jansatta (Hindi) on May 28, 2026.
- · Details of unclaimed dividend and shares are available on the company's website under 'Investor Relations'.
28-05-2026
Menon Pistons Ltd. announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of Re. 1 per equity share (100% of face value) for FY2026, subject to shareholder approval at the 49th AGM scheduled for August 5, 2025. Additionally, the Board approved the reappointment of Mr. Abhay Golwalkar as Internal Auditor and the appointment of M/s. C S Adawadkar & Co. as Cost Auditor for FY2026-27.
- · The Board meeting commenced at 11:30 AM and concluded at 1:45 PM on May 28, 2026.
- · The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated financial results for the year ended March 31, 2026.
- · The quarterly standalone results for Q4 FY2026 are derived figures between audited annual figures and the unaudited nine-month figures up to December 31, 2025.
- · Mr. Abhay Golwalkar has 35 years of experience in audit, assurance, direct and indirect taxes.
- · CMA Chandrashekhar S. Adawadkar has over 31 years of global experience across 8 countries and has served more than 100 companies in 15 sectors.
- · The AGM will be held via Video Conferencing / Other Audio-Visual Means on August 5, 2025.
28-05-2026
Graphite India Limited reported audited standalone financial results for the year ended March 31, 2026. Revenue from operations grew 16.2% YoY to ₹2,812 Cr, but net profit declined 41.6% YoY to ₹264 Cr, impacted by a sharp loss in Q4 FY26. The Board recommended a dividend of ₹7 per equity share and approved the re-appointment of Mrs. Sudha Krishnan as Non-Executive Independent Director for a second term.
- · Q4 FY26 standalone net loss of ₹73 Cr vs profit of ₹62 Cr in Q4 FY25, driven by a loss before exceptional items of ₹103 Cr.
- · Exceptional items for FY26 amounted to ₹7 Cr (gain), compared to ₹87 Cr (gain) in FY25.
- · Finance costs surged to ₹21 Cr in FY26 from ₹6 Cr in FY25, a 250% increase.
- · Other expenses rose sharply to ₹354 Cr in FY26 from ₹286 Cr in FY25, a 23.8% increase.
- · Basic EPS (after exceptional items) fell to ₹13.54 for FY26 from ₹23.15 for FY25.
- · Dividend recommended: ₹7 per equity share (face value ₹2), subject to shareholder approval at the 51st AGM.
- · Auditor's report contains unmodified opinion on both standalone and consolidated financial statements.
28-05-2026
Sayaji Hotels Ltd reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for the quarter was ₹3,764.72 Lakhs, down 14.3% QoQ from ₹4,393.96 Lakhs and 5.1% YoY from ₹3,965.26 Lakhs, while net profit for the quarter surged to ₹998.41 Lakhs (vs ₹467.99 Lakhs QoQ and ₹170.03 Lakhs YoY), boosted by an exceptional gain of ₹1,111.70 Lakhs from termination of a lease arrangement. For the full year, revenue grew 7.6% YoY to ₹14,876.43 Lakhs, but net profit rose only 8.6% to ₹1,108.82 Lakhs, with operating profit before exceptional items declining sharply to ₹367.93 Lakhs from ₹1,310.83 Lakhs in FY25.
- · Exceptional item of ₹1,111.70 Lakhs recognized on termination/cancellation of lease arrangement for Sayaji Raipur hotel property (related party transaction).
- · Lease arrangement for Sayaji Baroda Hotel expired on 31 October 2025; thereafter the company entered into a hotel management agreement with the same owner, making revenue/expense figures not strictly comparable.
- · Revenue under lease model (up to 31 Oct 2025) was ₹1,203.36 Lakhs for Q3 FY26 and ₹2,299.28 Lakhs for Q4 FY25; management fee income recognized thereafter was ₹90.61 Lakhs for Q4 FY26 and ₹71.53 Lakhs for Q3 FY26.
- · Total expenses for FY26 increased 16.4% YoY to ₹14,948.89 Lakhs from ₹12,839.98 Lakhs, driven by higher employee benefits (+20.1% to ₹4,155.08 Lakhs), finance costs (+31.6% to ₹1,375.46 Lakhs), and depreciation (+69.2% to ₹2,588.21 Lakhs).
- · Board approved appointment of Internal Auditors for FY 2026-27 and amendments to various policies and Code of Conduct.
- · Auditor's report includes an unmodified opinion on the standalone financial results.
- · The company operates in a single segment: Hoteliering.
28-05-2026
Priya Limited reported audited financial results for the quarter and year ended March 31, 2026. The company posted an overall profit of ₹434.50 lakh for the year, driven entirely by a notional exceptional gain of ₹803.39 lakh from bank auction of office premises, while incurring an operational loss of ₹90.25 lakh in the quarter. The company remains in severe financial distress with total liabilities exceeding total assets by ₹4,463.55 lakh, zero revenue from operations, and its accounts classified as NPA by multiple banks, which have also declared the company and its promoters as willful defaulters.
- · Revenue from operations for the year ended March 31, 2026 is nil.
- · The company has closed all branches except Mumbai branch, disposed of fixed assets, and laid off majority of employees since FY 2020-21.
- · The company has received summons from Debts Recovery Tribunal (DRT) Mumbai from all three lender banks.
- · The company has not made any provision for tax on the notional gain from property auction, relying on Income Tax judgments.
- · The Board reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
- · The company's statutory auditor issued an Adverse Opinion on the financial results.
28-05-2026
Ambuja Cements Limited has announced that its 43rd Annual General Meeting (AGM) will be held on June 26, 2026, via video conferencing, and has set a record date for dividend purposes. The filing includes newspaper advertisements published in Financial Express (English and Gujarati) as required by MCA circulars. No financial results or performance metrics are disclosed in this filing.
- · AGM scheduled for Friday, June 26, 2026 at 2:30 PM IST via Video Conferencing / Other Audio Visual Means.
- · Record date for dividend is set as June 12, 2026.
- · Newspaper advertisements published in Financial Express (English) and its Gujarati translation in Financial Express (Ahmedabad Edition).
- · The information is also available on the company's website: www.ambujacement.com.
- · Registered office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India.
28-05-2026
Daikaffil Chemicals India Ltd. reported a net loss of ₹34.92 Lakh for Q4 FY26, compared to a loss of ₹89.10 Lakh in Q4 FY25, showing an improvement, but for the full FY26, the net loss widened to ₹214.07 Lakh from ₹158.98 Lakh in FY25. The Board approved audited standalone and consolidated financial results and re-appointed SPSJ & Associates LLP as internal auditor for FY26-27, while revenue from operations declined sharply to ₹399.87 Lakh in Q4 FY26 from ₹749.84 Lakh in the prior quarter.
- · Total income for Q4 FY26 stood at ₹1,340.06 Lakh vs ₹796.60 Lakh in Q3 FY25, a 68.3% QoQ increase.
- · Other equity collapsed from ₹285.22 Lakh on March 31, 2025 to ₹3.71 Lakh on March 31, 2026, a 98.7% decline.
- · Total assets decreased to ₹968.89 Lakh from ₹1,431.29 Lakh year-over-year.
- · Trade receivables surged to ₹606.00 Lakh from ₹199.46 Lakh, a 203.8% increase.
- · Cash and cash equivalents fell to ₹56.90 Lakh from ₹66.01 Lakh at the prior year-end.
- · The company incorporated a subsidiary, Mikusu Global Industries Limited, on August 22, 2025, and it has begun activities.
- · Statutory auditors issued an unmodified (clean) opinion on the standalone annual financial results.
- · The government's draft rules on four Labour Codes were noted; the company assessed no material financial impact.
28-05-2026
NRB Industrial Bearings Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations grew 27.8% YoY to ₹2,057.93 Lakh in Q4 and 18.6% YoY to ₹7,562.01 Lakh for the full year. However, the company reported a net loss of ₹681.64 Lakh for Q4 (vs. a profit of ₹3,949.34 Lakh in Q4 FY25, which included an exceptional gain of ₹4,646.76 Lakh) and a full-year net loss of ₹3,010.59 Lakh (vs. a profit of ₹1,829.70 Lakh in FY25, which also included the same exceptional gain). The board also approved several leadership changes, including the appointment of Mr. Vikas Khanna as Chief Business Officer – Automotive, and the re-appointment of Mr. Devesh Singh Sahney as Executive Non-Independent Director.
- · The auditor's report gives an unmodified opinion on the standalone financial results.
- · The company reported a total comprehensive loss of ₹683.59 Lakh for Q4 FY26 and ₹3,201.24 Lakh for FY26.
- · Basic and diluted loss per share for Q4 FY26 was ₹(2.81) vs. earnings per share of ₹16.30 in Q4 FY25.
- · For FY26, basic and diluted loss per share was ₹(12.42) vs. earnings per share of ₹7.55 in FY25.
- · Finance costs increased to ₹358.00 Lakh in Q4 FY26 from ₹283.32 Lakh in Q4 FY25 (up 26.4% YoY).
- · Employee benefits expense increased to ₹615.40 Lakh in Q4 FY26 from ₹556.73 Lakh in Q4 FY25 (up 10.5% YoY).
- · Other expenses rose to ₹778.77 Lakh in Q4 FY26 from ₹541.72 Lakh in Q4 FY25 (up 43.8% YoY).
- · The board approved issuance of a corporate guarantee to associate companies NRB-IBC Bearings Private Limited and NIBL-Korta Engineering Private Limited.
- · Revision in remuneration for Ms. Mallika Sahney (AVP – Strategy) and Mr. Devesh Singh Sahney (CMD) was approved, subject to shareholder approval.
- · The 15th Annual General Meeting will be convened separately.
28-05-2026
MOIL Limited disclosed that NSE and BSE imposed fines totaling ₹10,62,000 (incl. GST) for non-compliance with board composition provisions during the quarter ended March 31, 2026. The company stated there is no impact on its financial, operational, or other activities.
- · Non-compliance relates to provisions of composition of Board for the quarter ended 31st March, 2026.
- · The fine was received on 27.05.2026.
- · The company asserts no financial, operational, or other impact from the fines.
28-05-2026
ObjectOne Information Systems 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 has been closed from April 1, 2026, until 48 hours after the results declaration (May 30, 2026). No financial figures or performance data are provided in this filing.
- · Board meeting scheduled for May 28, 2026 at 4:30 PM at the registered office in Hyderabad.
- · Agenda includes consideration and approval of audited financial results for Q4 and FY ended March 31, 2026.
- · Trading window closed from April 1, 2026 until May 30, 2026 (48 hours after results declaration).
- · Previous intimation of trading window closure was made on March 27, 2026.
28-05-2026
Physicswallah Limited has disclosed the audio recording of its earnings conference call for the quarter and financial year ended March 31, 2026, held on May 27, 2026. The recording is now available on the company's website. No specific financial figures or performance metrics were provided in this filing.
- · The earnings conference call was held on May 27, 2026, at 04:00 P.M. IST.
- · The audio recording is accessible via a link on the company's website.
- · The filing references audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
28-05-2026
Hind Aluminium Industries Ltd. held a Board Meeting on May 28, 2026, approving audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The auditor's report is unmodified and without any qualifications. No specific financial figures or performance comparisons were disclosed in this filing.
- · Board meeting commenced at 01:45 PM and concluded at 02:15 PM on May 28, 2026.
- · The auditor's report for financial year 2025-26 is unmodified and without any qualifications.
- · The filing is made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
28-05-2026
Menon Pistons Ltd. reported audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of Re.1 per equity share (100% of face value) for FY2025-26, subject to shareholder approval at the 49th AGM scheduled for August 5, 2025. Additionally, the Board approved the reappointment of Mr. Abhay Golwalkar as Internal Auditor and M/s. C S Adawadkar & Co. as Cost Auditor for FY2026-27.
- · The Board meeting commenced at 11:30 AM and concluded at 1:45 PM on May 28, 2026.
- · The 49th Annual General Meeting is fixed for Wednesday, August 5, 2025, to be held through Video Conferencing / Other Audio-Visual Means.
- · The Statutory Auditors issued an unmodified (clean) opinion on both standalone and consolidated financial results for the year ended March 31, 2026.
- · Mr. Abhay Golwalkar has 35 years of experience in audit, assurance, direct and indirect taxes.
- · M/s. C S Adawadkar & Co. has been in existence for over 22 years, with CMA Chandrashekhar S. Adawadkar having more than 31 years of global experience across 8 countries.
28-05-2026
Zydus Lifesciences Limited has issued an addendum to its buyback public announcement, increasing the buyback price from ₹1,150 to ₹1,260 per equity share. Consequently, the maximum number of shares to be bought back has been reduced from 9,565,217 to 8,730,158, representing up to 0.87% of the paid-up share capital. The addendum was published on May 28, 2026, in Financial Express (English, all editions), Jansatta (Hindi, all editions), and Financial Express (Gujarati, Ahmedabad edition).
- · The addendum was published on May 28, 2026, in Financial Express (English, all editions), Jansatta (Hindi, all editions), and Financial Express (Gujarati, Ahmedabad edition).
- · The original public announcement was dated May 20, 2026, and published on May 21, 2026.
- · The increase in buyback price was first informed on May 27, 2026.
28-05-2026
Bengal Tea & Fabrics Ltd. announced its audited standalone financial results for Q4 and FY ended March 31, 2026, and declared a final dividend of ₹1.50 per share (15% on face value of ₹10) for FY2025-26. The board also re-appointed Mr. Kushagra Kanoria as Whole-Time Director for three years from April 1, 2027, subject to shareholder approval. No specific financial figures were provided in the filing, so performance trends cannot be assessed.
- · Record date for final dividend is July 31, 2026.
- · Mr. Kushagra Kanoria holds an MBA from Columbia University and a B.Sc. in Engineering (Computer Science) from the University of Michigan.
- · He previously worked at Deutsche Bank, New York, and served as Vice President of Bengal Tea & Fabrics.
- · He is related to Managing Director Adarsh Kanoria and Non-executive Director Shubha Kanoria.
- · The board meeting lasted from 11:30 AM to 2:00 PM on May 28, 2026.
28-05-2026
Softtech Engineers Limited announced an earnings conference call for Q4 and FY 2025-26 results, scheduled for June 2, 2026 at 11:00 AM IST. The call will be hosted virtually with management participation including the Founder, Chairman & CEO, CFO, and Company Secretary. No financial results or performance data were disclosed in this filing.
- · Earnings call scheduled for Tuesday, June 2, 2026 at 11:00 AM IST
- · Mode of meeting: Conference Call / Virtual Group Meeting
- · Pre-registration link provided to avoid wait time
- · Universal dial-in numbers: 086 3416 9127 / 086 4536 7355
- · Filing made under Regulation 30 of SEBI LODR Regulations, 2015
28-05-2026
Bharat Dynamics Limited reported a decline in standalone net profit for the year ended 31 March 2026, with profit after tax falling 23.5% to ₹42,033.76 Lakh from ₹54,964.52 Lakh in the prior year. Revenue from operations also decreased 26.9% to ₹2,44,179.18 Lakh from ₹3,34,505.16 Lakh. The Board recommended a final dividend of ₹0.40 per share, and noted that the Audit Committee could not be reconstituted due to expired independent director tenures, with the Board directly approving the results.
- · The Audit Committee could not be reconstituted due to expired independent director tenures; the Board directly approved the financial results.
- · Non-moving inventory for more than 5 years stood at ₹8,327.07 Lakh as at 31 March 2026 (₹8,331.44 Lakh as at 31 March 2025), with no provision made due to advances of ₹36,234.42 Lakh received against short-closed contracts.
- · An additional liability of ₹703.65 Lakh was recognized due to the impact of new labour codes notified on 21 November 2025.
- · The company has investments in two Section 8 associates (Electronic Warfare (Defence) Testing Foundation and Advanced Materials (Defence) Testing Foundation) which are not consolidated.
- · Basic and diluted EPS for the year ended 31 March 2026 was ₹11.47, down from ₹14.99 in the prior year.
- · Total comprehensive income for the year was ₹42,079.82 Lakh, compared to ₹54,991.03 Lakh in the prior year.
28-05-2026
Bengal Tea & Fabrics Ltd. announced its standalone audited financial results for the quarter and year ended March 31, 2026, and declared a final dividend of 15% (₹1.50 per share) on 90,05,985 equity shares. The board also re-appointed Mr. Kushagra Kanoria as Whole-Time Director for three years from April 1, 2027, subject to shareholder approval. No financial figures or period-over-period comparisons were provided in the filing, limiting the ability to assess performance trends.
- · Record date for final dividend is Friday, July 31, 2026.
- · Mr. Kushagra Kanoria holds a Masters in Business Administration from Columbia University and a B.Sc. in Engineering (Computer Science) from the University of Michigan.
- · He previously served as Vice President of Bengal Tea & Fabrics and worked at Deutsche Bank, New York.
- · He is also a director of Rydak Enterprises & Investments Limited (an NBFC and holding company) and AKV Textiles Limited.
- · Mr. Kushagra Kanoria is related to Managing Director Adarsh Kanoria and Non-executive Director Shubha Kanoria.
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