Latest announcements

Power Mech Projects Fund Raise of ₹350 Cr

Power Mech Projects Ltd submitted its Monitoring Agency Report for the quarter ended March 31, 2026, regarding ₹350 Crore QIP proceeds. CARE Ratings confirmed utilization is in line with the offer document, with ₹286.66 Crore utilized to date. Remaining funds are expected to be fully deployed by Q2FY27 following minor approval delays.

Value

₹350.0 Cr

Stove Kraft Board Meeting Date

Stove Kraft Ltd has scheduled a Board Meeting on 12 May 2026 to approve audited standalone financial results for the year ended 31 March 2026. The Board will also consider a dividend recommendation and an amendment to the Employee Stock Option Plan 2018 to increase the ESOP pool.

Gujarat Pipavav Port Board Meeting Date

Gujarat Pipavav Port Limited has scheduled a board meeting for May 28, 2026. The board will consider audited standalone and consolidated financial results for the year ended March 2026 and recommend a final dividend. The trading window remains closed until May 30, 2026.

Precot Board Meeting Date

Precot Limited has scheduled a board meeting for May 16, 2026, to consider audited standalone and consolidated financial results for the year ended March 31, 2026. The board will also consider recommending a final dividend. Trading window closure began on April 1, 2026, and remains in effect until May 18, 2026.

Espire Hospitality Capacity Expansion

Espire Hospitality Limited signed an agreement with Marriott International to manage a new 151-key 'JW Marriott Resort & Spa' near Vrindavan, opening January 2029. The company also signed five additional hotels in Goa, Katra, Patna, Dehradun, and Rishikesh, expanding its portfolio to 20 properties.

Execution

Slated to welcome guests from January 2029

Afcom Holdings Fund Raise of ₹199.8 Cr

Afcom Holdings Limited successfully raised ₹199.85 Crore via a Qualified Institutions Placement (QIP) on May 05, 2026. The capital, raised from institutional investors including Bandhan and Abakkus funds, will support fleet expansion through aircraft leasing. Shares were allotted at ₹759.72 each, representing a 4.99% discount to the floor price.

Value

₹199.8 Cr

SPML Infra Bags ₹1,128 Cr Order

SPML Infra Limited secured a landmark ₹1,128 Crore contract from NTPC Limited to develop a 1 GWh Battery Energy Storage System (BESS) in Bihar. The project involves an 18-month execution period followed by 15 years of maintenance, marking the company's entry into large-scale grid BESS projects.

Value

₹1,128 Cr

Execution

18 months

Mangalam Worldwide Earnings Call: Key Takeaways

MWL reported FY26 revenue of ₹1,215 Cr (up 14%) and PAT of ₹50 Cr (up 70%). The company migrated to the NSE mainboard and expanded into new export markets.

Goldiam International Product Launch

Goldiam International Limited launched India’s first digital 3D ring builder platform under its ORIGEM brand. The web-based tool allows customers to customize and visualize lab-grown diamond rings in real-time 3D. This omnichannel innovation aims to enhance customer engagement and strengthen Goldiam's position in the growing lab-grown diamond retail market.

GK Energy Bags ₹353.9 Cr Order

GK Energy Limited received a Rs. 353.89 Crore contract from Maharashtra State Electricity Distribution Company Limited for 15,000 solar water pumping systems. The project, under the Magel Tyala Saur Krushi Pump Yojana, must be executed within 60 days of work order issuance, significantly boosting the company's revenue visibility.

Value

₹353.9 Cr

Execution

Within 60 days from the date of issuance of Work Order/NTP

Larsen & Toubro Bags ₹10,000 Cr Order

Larsen & Toubro's Minerals & Metals business secured a 'Mega' order from JSW Steel for engineering, procurement, and installation of facilities in Karnataka and Odisha. Valued at ₹10,000 Crore, this is L&T's largest-ever domestic metals order, strengthening its decade-long partnership with JSW as they expand crude steel capacity to 50 MTPA by 2031.

Value

₹10,000 Cr

Steel Exchange India Regulatory Approval

Steel Exchange India Limited received a 5-year renewal of approval from the Military Engineer Services (MES), Ministry of Defence. This permits the continued manufacturing and supply of SIMHADRI TMT bars (grades Fe 500D and Fe 500D HCRM) from its Vizianagaram plant. The renewal sustains the company's participation in government and infrastructure projects.

Execution

5 years

Aurobindo Pharma Business Update

Aurobindo Pharma's Unit-VII in Telangana received an Establishment Inspection Report (EIR) from the US FDA. The facility is classified as Voluntary Action Indicated (VAI), and the inspection is now closed. This follows a January-February 2026 inspection that initially resulted in nine observations.

Sumuka Agro Industries Capital Structure Change

Gujjubhai Industries Limited received listing approval from BSE for 1,38,13,666 equity shares of Rs. 10/- each. These shares were allotted to shareholders of Gujjubhai Food Private Limited following its amalgamation into the company. Trading approval for these securities will be granted after the submission of required credit confirmation documents.

63 Moons Technologies Insolvency Petition

63 moons technologies subsidiary Ticker Limited provided updates on Baron Infotech's CIRP. The NCLT Hyderabad Bench directed the Resolution Professional to consider contentions from prospective applicant Vivek Kumar Ratakonda. A Resolution Plan by Innopark (India) has been filed, though its finality remains subject to NCLT approval.

Oswal Pumps Bags ₹162.1 Cr Order

Oswal Pumps Limited secured a ₹162.06 Crore order from MSEDCL for 6,869 Off-Grid DC Solar Water Pumping Systems under the PM Kusum B Scheme. The project is to be executed within one year across Maharashtra. This significant win reaffirms the company's position as a preferred partner for large-scale solar water pumping solutions.

Value

₹162.1 Cr

Execution

1 year

NMDC Business Update

NMDC Limited has announced a revision in iron ore prices effective May 6, 2026. Baila Lump (65.5%) is fixed at ₹5,500 per ton and Baila Fines (64%) at ₹4,700 per ton. These prices exclude royalties, taxes, and other statutory cesses. This update provides pricing transparency for the company's mineral output.

Mobavenue AI Tech Other Announcement

Mobavenue AI Tech Limited announced sustainability and healthcare initiatives for FY 2025–26, including planting 15,000 trees to sequester ~10,000 tonnes of carbon. The company also conducted cervical cancer awareness sessions and provides ongoing medical financial support via the SJKRCC Trust. These ESG-focused initiatives reflect the company's commitment to social and environmental responsibility.

Execution

20 years

Angel One Business Update

Angel One Limited released its business update for April 2026, reporting a 20% Y-o-Y growth in its client base to 37.79 million. Overall Average Daily Turnover (ADTO) grew 41.3% Y-o-Y to ₹52,210 Billion. Despite seasonal moderation in daily orders from March levels, the company maintained strong retail market share across equity segments.

Gallantt Ispat Management Change

Gallantt Ispat Limited announced the resignation of Independent Directors Mrs. Smita Modi and Mr. Pankaj Khanna, effective May 05, 2026. Both directors cited work pressure and other professional commitments as reasons for their departure. The company confirmed there are no other material reasons for these resignations.

Manappuram Finance Board Meeting Outcome

Manappuram Finance announced a major leadership overhaul. The board appointed four Independent Directors (including former RBI and CIBIL executives) and two Bain Capital partners as Non-Independent Directors. Key redesignations include Sumitha Nandan as Vice-Chairperson and Buvanesh Tharashankar as CFO, strengthening the company's governance and executive framework.

Gallantt Ispat Management Change

Gallantt Ispat Limited announced a board reshuffle effective May 05, 2026. Independent Directors Mrs. Smita Modi and Mr. Pankaj Khanna resigned due to personal reasons. Simultaneously, Mr. Sanjay Kumar Jain and Mr. Kishore Pariyar were appointed as Non-Executive Independent Directors for a two-year term, subject to shareholder approval.

Execution

2 years

Ugro Capital Management Change

UGRO Capital announced a leadership change effective May 5, 2026. Mr. Satyabrata Mohapatra, previously Head of Operations & Customer Service, has been appointed as Chief Operations Officer. He replaces Mr. Sharad Agarwal, who resigned as Chief Operations & Technology Officer to pursue alternate career opportunities.

Sammaan Capital Debt & Borrowing: ₹428.2 Cr

Sammaan Capital Limited successfully completed a cash tender offer to repurchase US$45 million (approx. ₹428.21 Crore) of its 7.5% Senior Secured Social Bonds due 2030. Following the settlement on May 5, 2026, the aggregate principal amount of these bonds remaining outstanding is US$405 million.

Value

₹428.2 Cr

Gallantt Ispat Dividend

Gallantt Ispat Ltd recommended a final dividend of 20% (Rs. 2.00 per share) for FY 2025-26. Most promoter group shareholders have voluntarily waived their right to receive this dividend to support ongoing expansion. The dividend is subject to shareholder approval and will be paid within 30 days of declaration.

Execution

30 days

Zen Technologies Product Launch

Zen Technologies launched India's first AI-powered, modular anti-drone system at the North Tech Symposium 2026. The indigenous platform offers vehicle-mounted, man-portable, and fixed configurations for detecting and neutralizing hostile drones. This launch underscores the company's focus on self-reliance and advanced defense technology for evolving battlefield threats.

Digikore Studios Annual General Meeting

Digikore Studios Limited announced that all five resolutions proposed at its Extraordinary General Meeting on May 1, 2026, were passed with requisite majority. Resolutions included increasing authorized share capital, altering Articles of Association, and approving a preferential equity issue to a promoter. The voting was conducted via remote e-voting with 100% favor for all polled votes.

Gallantt Ispat Q4 FY26 Results: Net Profit ₹122.8 Cr, Up 5.6% YoY

Gallantt Ispat Ltd reported revenue from operations of ₹1,205 Cr (+12.4% YoY) and net profit of ₹122.8 Cr (+5.6% YoY) for Q4 FY26.

Key figure

Net profit ₹122.8 Cr · +5.6% YoY

Gallantt Ispat Financial Results

Gallantt Ispat Ltd reported audited consolidated annual total income of ₹4,478.52 Crore for FY26. The board recommended a 20% final dividend (₹2 per share). Key leadership changes include the resignations of independent directors Smita Modi and Pankaj Khanna, and the appointment of Sanjay Kumar Jain and Kishore Pariyar to the board.

Value

₹4,479 Cr

DCW Earnings Call: Key Takeaways

DCW Ltd reported FY26 revenue of INR 21,436 Mn, up 7.2% YoY, with EBITDA growing 14.7% to INR 2,216 Mn. Strategy focuses on shifting towards high-margin Specialty Chemicals.