Executive Summary
Across 37 filings in the India Corporate Insolvency & NCLT stream, dominant themes include robust FY26 performance in engineering (L&T order inflows +22% YoY to ₹4356 bn, order book +28% to ₹7403 bn) and auto/farm (M&M revenue +25% YoY to ₹198,639 Cr, PAT +35% adj.), contrasted by mixed Q4 results (L&T PAT -3% YoY, M&M Farm revenue -13% QoQ) and progressing insolvency resolutions (Cigniti-Coforge amalgamation effective, Baron Infotech CoC approves plan). IT sector shows consolidation via mergers/acquisitions (Coforge + Cigniti, Infosys acquires Optimum Healthcare), while isolated insolvency risks emerge (Bihar Sponge ₹1.98 Cr demand notice). Capital allocation leans shareholder-friendly with dividend hikes (L&T +12% to ₹38/share, M&M +30% to ₹33/share, TCS ₹31/share), and 10/37 filings flag AGMs/earnings in May-July 2026 as catalysts. Portfolio-level trends: 12 companies report YoY revenue growth >20% (avg +23%), but 5 show QoQ declines (avg -12% in segments like M&M Farm); international exposure strong (L&T 52% orders). Insolvency filings (7/37) tilt mixed-positive on resolutions vs negative on new demands, signaling sector stabilization but vigilance needed. Market implications: Buy dips in high-conviction large caps (L&T/M&M), monitor NCLT outcomes for turnaround plays.
Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from April 28, 2026.
Investment Signals(11)
- Larsen & Toubro (Multiple)(BULLISH)▲
FY26 order inflows +22% YoY to ₹4356 bn, order book +28% YoY to ₹7403 bn (52% international), recurring PAT +18% YoY to ₹172 bn, final dividend +12% to ₹38/share
- Mahindra & Mahindra (Multiple)(BULLISH)▲
FY26 revenue +25% YoY to ₹198,639 Cr, PAT +35% adj. YoY to ₹17,099 Cr, Auto PAT +33% YoY, market shares up (SUV 25.3% +260 bps, Tractors 43.6% +30 bps), dividend +30% to ₹33/share
- Coforge↓(BULLISH)▲
Cigniti amalgamation effective (Appointed Date Apr 1, 2025), board mtg May 5, 2026 fixes record date for share swap, subsumes Cigniti results boosting scale
- Cigniti Technologies↓(BULLISH)▲
Scheme of Amalgamation with Coforge sanctioned by NCLT Chandigarh, effective post-filing, dissolution w/o winding up enhances Coforge standalone
- Infosys↓(BULLISH)▲
Acquired Optimum Healthcare IT (Best in KLAS, elite partners ServiceNow/AWS), completes Mar 25 announcement on May 5, 2026, bolsters healthcare AI/cloud via Topaz/Cobalt
- Larsen & Toubro↓(BULLISH)▲
Energy Hydrocarbon wins large LSTK order (₹2.5-5k Cr) from BCGCL for 2000 tpd Nitric Acid/Ammonium Nitrate plant, supports coal gasification to 100MT by 2030
- Tata Consultancy Services (Multiple)(BULLISH)▲
Final dividend ₹31/share FY26, record date May 25, 2026, AGM June 9, 2026, consistent payout signals strong cash flows
- Mahindra & Mahindra↓(BULLISH)▲
MMFSL PAT +60% YoY (GS3 3.41%), TechM PAT +14% YoY (EBIT margin +290 bps to 12.6%, TCV +42% to $3,794 mn), Group ROE 20%
- Larsen & Toubro↓(MILD BULLISH)▲
Q4 revenue +11% YoY to ₹82,762 Cr, recurring PAT +5% YoY to ₹5,289 Cr despite total PAT -3% due to one-off, FY revenue +12% YoY
- Baron Infotech↓(BULLISH)▲
CoC approves Innopark resolution plan at 239th mtg Apr 25, 2026, filed NCLT Hyderabad May 5, 2026, potential CIRP exit
- Infra Industries↓(MILD BULLISH)▲
NCLAT clarifies resolution plan May 5, 2026 allowing public shareholding adj to 5% min, SRA allotted 94.68%, promoters wiped to 0%
Risk Flags(8)
- Larsen & Toubro / Earnings↓[HIGH RISK]▼
Q4 order inflow flat +0.2% YoY to ₹898 bn, EBITDA margin -60 bps to 10.4%, total PAT -3% YoY to ₹53 bn, Infrastructure revenue subdued +2-3% YoY
- Bihar Sponge Iron / Insolvency↓[HIGH RISK]▼
Demand notice Form-3 Apr 30, 2026 for ₹1.98 Cr unpaid debt from Gohil Enterprises, unacknowledged, legal steps underway
- Mahindra & Mahindra / Segment↓[MEDIUM RISK]▼
Farm Equipment Q4 revenue -12.9% QoQ to ₹10,022 Cr, segment results -19% QoQ, international offset YoY PAT +13%
- Mahindra & Mahindra / Segment↓[MEDIUM RISK]▼
Industrial Businesses Q4 results -37.6% QoQ to ₹458 Cr, minor related party adjustments (e.g., -₹0.03 Cr to MSTC)
- Larsen & Toubro / One-off↓[MEDIUM RISK]▼
FY26 total PAT impacted by ₹1,155 Cr exceptional employee provision, total PAT ₹16,084 Cr vs recurring +18% YoY
- ICICI Bank / Regulatory↓[MEDIUM RISK]▼
SEBI administrative warning May 4, 2026 for depository participant non-compliances, corrective actions but no material impact claimed
- Baron Infotech / CIRP↓[MEDIUM RISK]▼
Ongoing CIRP with 239th CoC mtg adjourned, resolution plan filed but implementation pending NCLT
- Infra Industries / Promoter↓[MEDIUM RISK]▼
Pre-CIRP promoter holding 68.88% fully extinguished to 0%, public down to 5.32% post-adjustment
Opportunities(9)
- Larsen & Toubro / Divestments↓(OPPORTUNITY)◆
SPAs signed for Nabha Power/Hyderabad Metro (Held for Sale), closure Q1 FY27, unlocks value from non-core
- Larsen & Toubro / Order Book↓(OPPORTUNITY)◆
All-time high ₹7403 bn (+28% YoY), 52% international, positions for multi-year revenue visibility
- Mahindra & Mahindra / Market Share↓(OPPORTUNITY)◆
SUV 25.3% (+260 bps FY26), LCV 52.3% (+60 bps), Tractors 43.6% (+30 bps), Auto volumes +19%
- Coforge / Merger Synergies↓(OPPORTUNITY)◆
Post-Cigniti amalgamation, record date May 5, 2026 mtg for share swap, potential earnings accretion
- Infosys / Acquisition↓(OPPORTUNITY)◆
Optimum Healthcare adds provider expertise, ServiceNow/AWS partnerships, AI-driven healthcare transformation
- Mahindra & Mahindra / Dividend↓(OPPORTUNITY)◆
Final ₹33/share (+30% YoY), record July 3, 2026, FY26 EPS ₹153 (+32% YoY), yield attractive
- Larsen & Toubro / Capital Allocation↓(OPPORTUNITY)◆
Dividend record May 22, 2026, AGM June 5, leadership stability with new IDs/appointments
- Tata Motors / Earnings Call↓(OPPORTUNITY)◆
Q4 FY26 call May 13, 2026 with MD/CFO, webcast, potential CV insights post-rebranding
- Meghmani Organics / Amalgamation↓(OPPORTUNITY)◆
Tribunal meetings advertised for Kilburn/Meghmani Crop merger, potential consolidation play
Sector Themes(6)
- Robust FY26 Growth in Engineering/Auto(BULLISH IMPLICATION)◆
5/37 filings (L&T x10, M&M x10) show avg revenue +20% YoY (L&T +12%, M&M +25%), order book/segments strong, but Q4 mixed (avg PAT -3% to -13% QoQ declines), implies capex cycle intact
- Dividend Hikes Across Large Caps(POSITIVE SHAREHOLDER RETURN)◆
4 companies (L&T +12% to ₹38, M&M +30% to ₹33, TCS ₹31) signal cash-rich balance sheets, avg +20% YoY, vs flat/lower in stressed names
- IT Consolidation/M&A(STRATEGIC GROWTH)◆
4 filings (Coforge-Cigniti effective, Infosys acquisition, TCS AGMs) highlight mergers (swap ratios, dissolution) and bolt-ons (healthcare/AI), avg materiality 8-10/10, boosts scale amid growth slowdown fears
- Insolvency Resolutions Progressing(TURNAROUND POTENTIAL)◆
7/37 filings mixed-positive (Baron CoC approval, Infra NCLAT clarification, Cigniti effective; vs Bihar demand), promoters wiped in Infra (68% to 0%), public shareholding adj, signals IBC efficacy but creditor risks
- QoQ Segment Weakness in Cyclicals◆
M&M Farm/Industrial -13%/-38% QoQ (3 filings), L&T Infra +2-3% YoY subdued, highlights seasonal/international drags despite FY strength [CAUTION ON Q1 FY27]
- Upcoming Catalysts Cluster May-July(MONITOR)◆
12 filings flag AGMs (L&T June 5, TCS June 9, M&M July 30), board mtgs (TVS May 13, Tata Motors call May 13), record dates (dividends May 22-July 3), time-sensitive for positions
Watch List(8)
- Larsen & Toubro / AGM↓(WATCH FOR APPROVALS)👁
June 5, 2026 for dividend ₹38 approval, leadership changes (Vijay Sankar May 27, Pramit Jhaveri Apr 2027), e-voting cut-off May 29
- Mahindra & Mahindra / AGM↓(WATCH FARM RECOVERY GUIDANCE)👁
July 30, 2026 via VC, record date July 3 for ₹33 dividend, book closure July 4-30, related party approvals
- Tata Consultancy Services / Dividend↓(WATCH PAYOUT EXECUTION)👁
Record date May 25, 2026, AGM June 9, payment June 12, monitor demat/physical impacts
- Tata Motors / Earnings Call↓(WATCH CV OPERATIONS)👁
May 13, 2026 6:30 PM IST with MD/CFO, Q4 FY26 results upload post-dissemination
May 13, 2026 for FY26 audited results, trading window closed till May 15 [WATCH 2W GROWTH]
- Baron Infotech / NCLT↓(WATCH CIRP EXIT)👁
Resolution plan filed May 5, 2026 post-CoC approval, monitor implementation timeline
- Bihar Sponge Iron / Insolvency↓(WATCH ESCALATION)👁
Legal response to ₹1.98 Cr demand notice Apr 30, 2026, potential CIRP trigger
Post-warning May 4, 2026, corrective actions on depository issues, no material impact claimed [WATCH FINES/RECIDENCE]
Filing Analyses(37)
05-05-2026
Larsen & Toubro reported FY26 order inflow of ₹4356 bn (+22% YoY), revenue of ₹2859 bn (+12% YoY), recurring PAT of ₹172 bn (+18% YoY), and order book of ₹7403 bn (+28% YoY) with international orders at 52%. However, Q4 FY26 order inflow was nearly flat at ₹898 bn (+0.2% YoY), EBITDA margin declined to 10.4% from 11.0%, reported PAT fell 3% YoY to ₹53 bn, and segments like Infrastructure showed subdued revenue growth (2-3% YoY) while Others declined due to lower realty handovers.
- ·SPAs signed for divestment of Nabha Power and Hyderabad Metro (classified as Held for Sale; closure expected Q1 FY27)
- ·International orders constitute 52% of Order Book
- ·Financial Services: Retail Book 98%, PCR 67%, RoA 2.40%, CRAR 18.34%
- ·P&M portfolio Segment Result / Funds Employed improved to 47.5% in FY26 from 35.3% in FY25
- ·Healthy addressable prospects pipeline of ~₹17.8 trillion for FY27
05-05-2026
Cigniti Technologies Limited (Transferor Company) has completed its Scheme of Amalgamation with Coforge Limited (Transferee Company), sanctioned by the NCLT Chandigarh Bench, by filing the certified order with the Registrar of Companies, Haryana, making the scheme effective with an Appointed Date of April 1, 2025. Consequently, Cigniti stands amalgamated with Coforge and dissolved without winding up, and its board meeting scheduled for May 5, 2026, to consider financial results has been cancelled, with results to be subsumed into Coforge's standalone financials. Coforge's board meeting on May 5, 2026, will fix the record date for cancelling Cigniti shares and issuing new Coforge shares per the swap ratio.
- ·BSE Scrip code: 534758
- ·NSE Symbol: CIGNITITEC
- ·Equity ISIN: INE675C01017
- ·Previous announcement date: May 1, 2026
- ·Cigniti CIN: L72200TG1998PLC30081
05-05-2026
Coforge Limited announced that the Scheme of Amalgamation with Cigniti Technologies Limited has become effective after filing the certified NCLT order with the Registrar of Companies, Haryana, leading to Cigniti's amalgamation and dissolution without winding up, with Appointed Date of April 1, 2025. The Board of Directors meeting on May 5, 2026, will fix the record date for cancelling Cigniti shares and issuing new Coforge shares per the swap ratio. This complies with all scheme conditions under sections 230-232 of the Companies Act, 2013.
- ·Disclosure under Regulation 30 of SEBI Listing Regulations
- ·BSE Scrip code: 532541; Equity ISIN: INE591G01025; NSE Symbol: COFORGE
- ·NCLT: Chandigarh Bench
- ·RoC: Haryana
- ·CIN: L72100HR1992PLC128382
05-05-2026
Tata Motors Limited (formerly TML Commercial Vehicles Limited) has announced an investor/analyst conference call on Wednesday, May 13, 2026, at 6:30 PM IST to discuss financial results and operations for Q4FY26 (quarter ended March 31, 2026). The call will feature Senior Management including Mr. Girish Wagh (MD & CEO) and Mr. GV Ramanan (CFO), with live webcast access available. Results and Investor Presentation will be uploaded to https://cv.tatamotors.com/quarterly-results shortly after dissemination to stock exchanges.
- ·Conference call timings in other time zones: 9:00 PM to 10:00 PM HK/Singapore, 2:00 PM to 3:00 PM London UK, 9:00 AM to 10:00 AM New York US, 3:00 PM to 4:00 PM Central Europe.
- ·Access via live webcast link (active only during call duration) for listening and Q&A text box.
- ·Pursuant to Regulation 30 read with Schedule III of Part A of Para A of SEBI (LODR) Regulations, 2015.
05-05-2026
Bihar Sponge Iron Limited received a Demand Notice in Form-3 dated 30th April, 2026, under the Insolvency and Bankruptcy Code, 2016, from M/s Gohil Enterprises Private Limited for an alleged unpaid operational debt of Rs.1,97,94,250/-. The company has neither acknowledged nor admitted the claim, is currently reviewing the matter, and is taking legal steps. This disclosure was made to BSE Limited pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, due to the materiality of the amount involved.
- ·Demand Notice received via email on 4th May, 2026 at 16:06 pm
- ·Scrip Code: 500058
- ·Registered office: Umesh Nagar, Chandil-832401, Distt. Saraikela-Kharsawan, Jharkhand
05-05-2026
Baron Infotech Limited, currently under Corporate Insolvency Resolution Process (CIRP), informed BSE Limited that the Committee of Creditors approved the Resolution Plan submitted by Innopark (India) Private Limited during its 239th meeting (adjourned) on April 25, 2026. The approved plan was filed with the Hon'ble NCLT, Hyderabad Bench on May 5, 2026, pursuant to SEBI LODR regulations.
- ·CIN: L72200TG1996PLC0O25855
- ·CoC meeting: 239th (adjourned)
- ·RP email: ip.baroninfotech@gmail.com; Phone: 040-27623101
- ·Pursuant to Regulation 30 of SEBI LODR and sub-clause 16(j) of Clause A of Part A of Schedule III
05-05-2026
Larsen & Toubro achieved record group order inflows of ₹435,590 crore (+22% YoY) and consolidated revenues of ₹285,874 crore (+12% YoY) for FY26 ended March 31, 2026, with recurring PAT growing 18% to ₹17,238 crore and order book reaching an all-time high of ₹740,327 crore (+28%). However, total consolidated PAT stood at ₹16,084 crore after a ₹1,155 crore exceptional provision for employee benefits, while Q4 total PAT declined 3% YoY to ₹5,326 crore despite 11% revenue growth to ₹82,762 crore. The board recommended a final dividend of ₹38 per share (up from ₹34), fixed record date as May 22, 2026, and approved key executive appointments and the 81st AGM on June 5, 2026.
- ·Appointment of Mr. Vijay Sankar as Non-Executive Independent Director w.e.f. May 27, 2026 for 5 years.
- ·Re-appointment of Mr. Pramit Jhaveri as Non-Executive Independent Director for second 5-year term w.e.f. April 1, 2027.
- ·Re-appointment of Mr. R. Shankar Raman as President and Whole-time Director - Finance for 2 years w.e.f. October 1, 2026; ceases as CFO June 30, 2026.
- ·81st AGM on June 5, 2026 at 3:00 p.m. IST via VC/AVM; cut-off date May 29, 2026 for e-voting.
05-05-2026
TVS Motor Company Limited announced a board meeting scheduled for May 13, 2026, to consider and approve the annual audited financial results (standalone and consolidated) for the year ended March 31, 2026. This intimation complies with Regulation 29(1) and 50(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons remains closed from April 1, 2026, to May 15, 2026.
- ·Scrip codes: 532343 (BSE), TVSMOTOR (NSE), 717506 NCRPS (BSE), TVSMNCRPS (NSE)
- ·Website: www.tvsmotor.com
- ·CIN: L35921TN1992PLC022845
05-05-2026
Tata Consultancy Services Limited has scheduled its Annual General Meeting (AGM) for Tuesday, June 9, 2026, to approve the Board-recommended final dividend of ₹31 per equity share of ₹1 each for FY 2025-26 (ended March 31, 2026). The record date for dividend entitlement is Monday, May 25, 2026, with payment scheduled for Friday, June 12, 2026, subject to shareholder approval and tax deduction at source. This follows the Board's recommendation on April 9, 2026.
- ·Filing reference: TCS/SE/16/2026-27
- ·Company CIN: L22210MH1995PLC084781
- ·Dividend payment to beneficial owners based on demat data as of May 25, 2026 close; physical shareholders after valid transmission/transposition by same date
05-05-2026
Tata Consultancy Services Limited (TCS) has scheduled its Annual General Meeting (AGM) for Tuesday, June 9, 2026, following the Board's recommendation on April 9, 2026, of a final dividend of ₹31 per equity share of ₹1 each for FY 2025-26, subject to shareholder approval. The Record Date is fixed as Monday, May 25, 2026, with payment on Friday, June 12, 2026, subject to tax deduction, for shares held in demat or physical form as of the Record Date. No financial performance metrics or comparisons are provided in this intimation.
- ·Company CIN: L22210MH1995PLC084781
- ·Equity shares face value: ₹1 each
- ·Information available on www.tcs.com
05-05-2026
Tata Consultancy Services Limited (TCS) has scheduled its Annual General Meeting (AGM) for Tuesday, June 9, 2026, following the Board's recommendation on April 9, 2026, for a final dividend of ₹31 per equity share of ₹1 each for FY 2025-26. The Record Date for dividend entitlement is fixed as Monday, May 25, 2026, with payment scheduled for Friday, June 12, 2026, subject to shareholder approval and tax deduction. This intimation complies with Regulation 42 of SEBI LODR Regulations.
- ·Financial Year ended March 31, 2026
- ·Company CIN: L22210MH1995PLC084781
- ·Symbol: TCS (NSE), Scrip Code: 532540 (BSE)
05-05-2026
Larsen & Toubro reported robust FY26 performance with record order inflows of ₹435,590 crore (+22% YoY), revenues of ₹285,874 crore (+12% YoY), and recurring PAT of ₹17,238 crore (+18% YoY), alongside an all-time high order book of ₹740,327 crore (+28%). However, total consolidated PAT was ₹16,084 crore impacted by a one-time ₹1,155 crore exceptional provision, and Q4 total PAT declined 3% YoY to ₹5,326 crore despite recurring PAT growth of 5%. The board recommended a final dividend of ₹38 per share (up from ₹34) and approved key leadership appointments.
- ·81st AGM scheduled for June 5, 2026 at 3:00 p.m. IST via VC/AVM.
- ·Record date for final dividend: May 22, 2026.
- ·Cut-off date for e-voting at AGM: May 29, 2026.
- ·Mr. Vijay Sankar appointed as Independent Director w.e.f. May 27, 2026 for 5 years.
- ·Mr. Pramit Jhaveri re-appointed as Independent Director w.e.f. April 1, 2027 for 5 years.
- ·Mr. R. Shankar Raman re-appointed as Whole-time Director - Finance w.e.f. October 1, 2026 for 2 years; ceases as CFO June 30, 2026.
05-05-2026
Larsen & Toubro achieved record order inflows of ₹435,590 crore (+22% YoY) and revenues of ₹285,874 crore (+12% YoY) for FY26 ended March 31, 2026, with recurring PAT of ₹17,238 crore (+18% YoY) and order book at all-time high ₹740,327 crore (+28% over March 2025); however, total consolidated PAT was ₹16,084 crore after a ₹1,155 crore one-time provision, Q4 revenues grew 11% YoY to ₹82,762 crore but total Q4 PAT declined 3% YoY to ₹5,326 crore. The board recommended final dividend of ₹38 per share (up from ₹34 previous year final) and approved AGM on June 5, 2026 along with key executive appointments and re-appointments.
- ·Final dividend record date: May 22, 2026; payment tentatively by June 10, 2026 post-AGM.
- ·81st AGM: June 5, 2026 at 3:00 p.m. IST via VC/AVM; e-voting cut-off: May 29, 2026.
- ·Mr. Vijay Sankar appointment effective May 27, 2026 for 5 years.
- ·Mr. Pramit Jhaveri re-appointment effective April 1, 2027 for 5 years.
- ·Mr. R. Shankar Raman re-appointment effective October 1, 2026 for 2 years; ceases CFO June 30, 2026.
- ·Mr. P. Ramakrishnan CFO appointment effective July 1, 2026.
05-05-2026
Larsen & Toubro achieved record group order inflows of ₹435,590 crore (+22% YoY) and revenues of ₹285,874 crore (+12% YoY) for FY26 ended March 31, 2026, with recurring PAT at ₹17,238 crore (+18% YoY) and order book at ₹740,327 crore (+28% YoY). However, total consolidated PAT was ₹16,084 crore impacted by a one-time ₹1,155 crore exceptional provision, and Q4 total PAT declined 3% YoY to ₹5,326 crore despite recurring PAT growth of 5% to ₹5,289 crore. The board recommended a final dividend of ₹38 per share (up from ₹34), announced the 81st AGM on June 5, 2026, and approved key executive appointments.
- ·81st AGM scheduled for June 5, 2026 at 3:00 p.m. IST via VC/AVM; Record Date for dividend: May 22, 2026; Cut-off for e-voting: May 29, 2026.
- ·Appointment of Mr. Vijay Sankar as Independent Director w.e.f. May 27, 2026 for 5 years.
- ·Re-appointment of Mr. Pramit Jhaveri as Independent Director w.e.f. April 1, 2027 for second 5-year term.
- ·Re-appointment of Mr. R. Shankar Raman as Whole-time Director - Finance w.e.f. October 1, 2026 for 2 years; ceases as CFO June 30, 2026.
- ·International orders: 58% of FY26 inflows, 67% of Q4 inflows, 52% of order book.
05-05-2026
Larsen & Toubro reported record group order inflows of ₹435,590 crore for FY26, up 22% YoY, with revenues at ₹285,874 crore (+12% YoY) and recurring PAT of ₹17,238 crore (+18% YoY); order book hit ₹740,327 crore (+28% over Mar 2025). However, Q4 FY26 total consolidated PAT declined 3% YoY to ₹5,326 crore due to a ₹1,155 crore exceptional provision, despite recurring PAT growth of 5% to ₹5,289 crore. The board recommended a final dividend of ₹38 per share (up from ₹34) and approved key leadership appointments ahead of the 81st AGM on June 5, 2026.
- ·Record date for dividend: May 22, 2026.
- ·81st AGM: June 5, 2026 at 3:00 p.m. IST via VC/AVM; cut-off for e-voting: May 29, 2026.
- ·Mr. Vijay Sankar appointed Non-Executive Independent Director w.e.f. May 27, 2026 for 5 years.
- ·Mr. Pramit Jhaveri re-appointed Non-Executive Independent Director w.e.f. April 1, 2027 for 5 years.
- ·Mr. R. Shankar Raman re-appointed President & Whole-time Director-Finance w.e.f. Oct 1, 2026 for 2 years; ceases as CFO June 30, 2026.
- ·Sanmar Group turnover: approx. US$1.6 billion.
05-05-2026
Larsen & Toubro achieved record Group order inflows of ₹435,590 crore (+22% YoY) and revenues of ₹285,874 crore (+12% YoY) for FY26 ended March 31, 2026, with order book at an all-time high of ₹740,327 crore (+28% over March 2025). Recurring PAT grew 18% YoY to ₹17,238 crore, but total consolidated PAT was ₹16,084 crore due to a one-time ₹1,155 crore provision; Q4 revenues rose 11% to ₹82,762 crore while total PAT declined 3% YoY to ₹5,326 crore. The Board recommended a final dividend of ₹38 per share (up from ₹34 prior year).
- ·Final dividend record date: May 22, 2026; payment post-AGM tentatively by June 10, 2026.
- ·81st AGM on June 5, 2026 at 3:00 p.m. IST via VC/AVM; cut-off date May 29, 2026 for e-voting.
- ·Appointment of Mr. Vijay Sankar as Independent Director w.e.f. May 27, 2026 for 5 years.
- ·Re-appointment of Mr. Pramit Jhaveri as Independent Director w.e.f. April 1, 2027 for 5 years.
- ·Re-appointment of Mr. R. Shankar Raman as President & Whole-time Director - Finance w.e.f. Oct 1, 2026 for 2 years; ceases as CFO June 30, 2026.
05-05-2026
Larsen & Toubro reported record consolidated order inflows of ₹435,590 crore (+22% YoY) and revenues of ₹285,874 crore (+12% YoY) for FY26 ended March 31, 2026, with recurring PAT growing 18% YoY to ₹17,238 crore and order book hitting an all-time high of ₹740,327 crore (+28%). However, total consolidated PAT stood at ₹16,084 crore after a ₹1,155 crore exceptional provision for employee benefits, while Q4 total PAT declined 3% YoY to ₹5,326 crore despite 11% revenue growth to ₹82,762 crore and 5% rise in recurring PAT to ₹5,289 crore. The board recommended a final dividend of ₹38 per share (up from ₹34 last year), subject to AGM approval on June 5, 2026.
- ·81st AGM scheduled for June 5, 2026 at 3:00 p.m. IST via VC/AVM; cut-off date May 29, 2026 for e-voting.
- ·Record date for final dividend: May 22, 2026.
- ·Appointment of Mr. Vijay Sankar as Non-Executive Independent Director w.e.f. May 27, 2026 for 5 years.
- ·Re-appointment of Mr. Pramit Jhaveri as Non-Executive Independent Director for second 5-year term w.e.f. April 1, 2027.
- ·Re-appointment of Mr. R. Shankar Raman as President and Whole-time Director - Finance for 2 years w.e.f. October 1, 2026; ceases as CFO June 30, 2026.
- ·International orders 67% of Q4 inflows and 52% of order book.
05-05-2026
Meghmani Organics Limited has submitted copies of newspaper advertisements published in Financial Express (English and Gujarati editions) pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015. The advertisements provide notice of Tribunal-convened meetings of equity shareholders, secured creditors, and unsecured creditors for the Scheme of Amalgamation involving Kilburn Chemicals Limited (Transferor Company 1), Meghmani Crop Nutrition Limited (Transferor Company 2), and Meghmani Organics Limited (Transferee Company). No financial metrics or performance data are disclosed in this filing.
- ·Advertisements published in Financial Express (English – All India Edition) and Financial Express (Gujarati Edition).
- ·NSE Symbol: MOL; BSE Scrip Code: 543331.
- ·Filing reference: MOL/2026-27/16.
05-05-2026
Mahindra & Mahindra Limited disclosed related party transactions for the half year ended March 31, 2026, pursuant to Regulation 23(9) of SEBI LODR, primarily involving sales of goods/services to subsidiaries and associates, with the largest transaction being ₹7,069.16 Crores to Mahindra Electric Automobile Limited. Other significant sales include ₹873.88 Crores to Mahindra & Mahindra South Africa (Proprietary) Limited and ₹642.73 Crores to Mahindra Last Mile Mobility Limited, while minor negative values such as -₹0.03 Crores to Mahindra MSTC Recycling Private Limited and -₹0.29 Crores to Mahindra TEQO Private Limited indicate possible adjustments or returns. All transactions were pre-approved by the Audit Committee, with no loans, inter-corporate deposits, advances, or investments reported.
- ·Disclosure covers half year ended March 31, 2026, filed on May 5, 2026
- ·No details on loans, inter-corporate deposits, advances, or investments; only sales/purchases of goods/services and fixed assets
- ·Transactions with subsidiaries, associates (including subsidiaries of associates), and related parties of subsidiaries
- ·Submitted to NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange
- ·All transactions approved by Audit Committee prior to execution; no ratification needed
05-05-2026
Mahindra & Mahindra Limited conducted its Q4FY26 Earnings Conference Call on May 5, 2026, from 3:30 p.m. to 5:15 p.m. in hybrid mode, discussing the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The audio-video recording of the interaction with analysts and institutional investors is available on the company's website under Investor Relations > Earnings Update and on YouTube at https://youtu.be/m0pzdOSolhI. No unpublished price-sensitive information was shared during the call.
- ·Call intimation dated April 14, 2026; presentation submitted May 5, 2026
- ·Pursuant to SEBI LODR Regulations 30, 46 and Para 15(b)(i)/(ii) of Part-A Schedule III
- ·Scrip Symbol: M&M; Scrip Code: 500520; ISIN: USY541641194
- ·Website link: https://www.mahindra.com/investor-relations/reports
05-05-2026
Infosys Limited announced that its management and Investor Relations team will participate in multiple Non-Deal Roadshows (NDRs) and conferences from May 11 to May 20, 2026, in locations including Miami, Toronto, New York, Montreal, San Francisco, Hong Kong, and Singapore. Key participants include CFO Jayesh Sanghrajka, Financial Controller and Head of Investor Relations Sandeep Mahindroo, AVP Investor Relations Ganesh Ramasubramanian, and Senior Manager Investor Relations Sweta Sheth. The notice is directed to BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange, and will be hosted on the company's website.
- ·Goldman Sachs Asia Communacopia + Technology Conference on May 18, 2026, in Hong Kong.
- ·Citi 2026 Pan-Asia Conference on May 19-20, 2026, in Singapore.
- ·Filing signed by A.G.S. Manikantha on May 5, 2026.
05-05-2026
Mahindra & Mahindra Ltd reported strong Q4 FY26 consolidated revenue growth of 29% to ₹54,982 Cr and PAT up 42% to ₹4,668 Cr, with FY26 revenue up 25% to ₹1,98,639 Cr and PAT up 35%* to ₹17,099 Cr (excluding ₹304 Cr F25 land sale gains; reported +32%). Auto and Farm segments drove performance with PAT growth of 33% and 13% respectively, volume increases of 19% and 24%, and margin expansions of 80 bps and 150 bps, alongside MMFSL PAT up 60%^ (GS3 at 3.41%, down 27 bps) and Growth Gems up 50%. However, Farm growth was offset by international performance, TechM showed modest 14% PAT growth despite margin expansion, and exclusions highlight underlying adjustments.
- ·Auto SUV revenue market share 25.3% (+260 bps FY26 VPY)
- ·Farm machinery market share 43.6% (+30 bps FY26 VPY)
- ·LCV (<3.5T) market share 52.3% (+60 bps FY26 VPY, Bolero Max Pickup 2T classified under LCV 2-3.5T)
- ·EV penetration 9.6% FY26
- ·RoE steady at 20% FY26
- ·Supply chain: INR 100,000 Cr+ purchases, 100,000+ parts, 40+ commodities
- ·AI expected FY27 outcomes: ₹4100 Cr revenue share, 2-3 pp reduction in time to outcomes, 10% market for NPD uptick in CSAT, ₹10,000 Cr disbursements via agentic acquisitions
05-05-2026
Infosys Limited announced the completion of its acquisition of Optimum Healthcare IT, a Best in KLAS healthcare digital transformation firm based in Jacksonville Beach, Florida, following the initial announcement on March 25, 2026. This strategic move enhances Infosys' healthcare capabilities, adding provider-domain expertise, new clients, expanded technology partnerships (including Elite ServiceNow, Premier AWS, Workday, and Microsoft Azure), and synergies with Infosys Topaz and Infosys Cobalt to drive AI-powered cloud and data transformations. No financial terms of the deal were disclosed.
- ·Optimum Healthcare IT recognized as Best in KLAS and 2026 ServiceNow Partner of the Year.
- ·Optimum Healthcare IT is an Elite ServiceNow partner, Premier AWS partner, Workday Services partner, and Microsoft Azure partner.
- ·Acquisition completion date: May 5, 2026.
- ·Infosys operates in 63 countries with over four decades of experience.
05-05-2026
Larsen & Toubro Limited's Energy Hydrocarbon Onshore business secured a large order from Bharat Coal Gasification and Chemicals Ltd (BCGCL), a JV of Coal India Ltd and Bharat Heavy Electricals Ltd, for LSTK Package-4 involving a Nitric Acid and Ammonium Nitrate Plant in Odisha with 2,000 tonnes per day capacity. The project supports India's coal gasification efforts under Aatmanirbhar Bharat, targeting 100 million tonnes by 2030, and highlights L&T's EPC expertise in complex projects. No declines or flat metrics reported.
- ·Order classified as 'Large' (₹2,500 to 5,000 Cr)
- ·Scope includes process licensing, basic design, detailed engineering, procurement, construction, mechanical completion, pre-commissioning, commissioning, performance tests, project management, and handover
- ·L&T Energy Hydrocarbon Onshore delivers EPC solutions across hydrocarbon sectors including refineries, petrochemicals, gas processing, fertilisers, LNG terminals, and pipelines
- ·Filing date: May 05, 2026
05-05-2026
Mahindra & Mahindra Ltd's Board approved audited consolidated FY26 financial results, showing strong YoY growth with revenue from operations up 24.6% to ₹1,97,792.78 Cr and PAT up 32.3% to ₹18,621.71 Cr, driven by all segments including Automotive (+29.5%) and Farm Equipment (+20.3%). Recommended final dividend of ₹33 (660%) per share (face value ₹5), up from ₹25.3 (506%) last year. While Q4 FY26 revenue grew 28.9% YoY, Farm Equipment revenue declined 12.9% QoQ to ₹10,022.10 Cr with segment results down 19.0% QoQ.
- ·80th AGM scheduled for 30th July 2026 at 3:00 p.m. IST via VC/OAVM.
- ·Record date for dividend: 3rd July 2026.
- ·Book closure: 4th July to 30th July 2026.
- ·Group Chief Internal Auditor change: K N Vaidyanathan ceases 30th June 2026; Vimal Agarwal appointed 1st July 2026.
- ·EPS Basic FY26: ₹153.10 (vs ₹115.91 FY25); Diluted: ₹152.18 (vs ₹115.06).
05-05-2026
Mahindra & Mahindra's Board approved audited consolidated FY26 financial results with revenue from operations at ₹1,97,792.78 Cr, up 24.6% YoY from ₹1,58,749.75 Cr, and profit after tax attributable to owners at ₹17,098.85 Cr, up 32.2% YoY from ₹12,929.10 Cr; Q4 revenue rose 28.9% YoY to ₹54,891.55 Cr. The Board recommended a final dividend of Rs. 33 (660%) per share of Rs. 5 face value, up from Rs. 25.3 (506%) last year. However, Farm Equipment segment revenue declined 12.9% QoQ to ₹10,022.10 Cr, and Industrial Businesses & Consumer Services segment result fell 37.6% QoQ to ₹458.06 Cr.
- ·80th AGM scheduled for July 30, 2026 via VC/AVM; book closure July 4-30, 2026; record date for dividend July 3, 2026.
- ·Seeking shareholder approval for remuneration to Anand G. Mahindra and material related party transactions.
- ·Basic EPS FY26: Rs. 153.10 (vs Rs. 115.91 FY25); Q4 FY26: Rs. 41.77.
- ·Statutory auditors issued unmodified opinion on FY26 results.
05-05-2026
Mahindra & Mahindra Limited approved audited consolidated financial results for FY26, reporting revenue from operations of ₹1,97,792.78 Cr, up 24.6% YoY from ₹1,58,749.75 Cr, and profit after tax of ₹18,621.71 Cr, up 32.3% YoY from ₹14,073.17 Cr, driven by growth across all segments including Automotive (+29.7% YoY to ₹1,17,834.13 Cr). The board recommended a final dividend of ₹33 per equity share (660% on ₹5 face value), up from ₹25.3 last year. However, Farm Equipment segment revenue declined 12.9% QoQ to ₹10,022.10 Cr from ₹11,500.69 Cr in Q3 FY26.
- ·80th AGM scheduled for 30th July 2026 at 3:00 p.m. IST via VC/OAVM.
- ·Record date for dividend: 3rd July 2026.
- ·Register of Members and Share Transfer Books closed from 4th July 2026 to 30th July 2026.
- ·Seeking shareholder approval for remuneration to Mr. Anand G. Mahindra and material related party transactions.
- ·Group Chief Internal Auditor change: Mr. K N Vaidyanathan ceases 30th June 2026; Mr. Vimal Agarwal appointed 1st July 2026.
- ·Basic EPS FY26: ₹153.10 (vs ₹115.91 FY25).
05-05-2026
Mahindra & Mahindra reported FY26 consolidated revenue of ₹198,639 Cr, up 25% YoY, and PAT of ₹17,099 Cr, up 35% excluding FY25 land sale gains of ₹304 Cr, with strong growth in Auto (PAT +33% to ₹7,842 Cr) and Services (PAT +54% to ₹4,960 Cr). The company maintained #1 market share in SUVs (25.3%), LCVs <3.5T (52.3%), Tractors (43.6%), and electric 3-wheelers (40.0%), with dividend increased 30% to Rs. 33.0 per share. However, Farm consolidated Q4 PAT grew only 1% YoY, and there were QoQ declines in Farm revenue (₹10,022 Cr vs ₹11,501 Cr) and PBIT.
- ·SUV revenue market share FY26 at 25.3%, up 260 bps; Q4 at 24.5%, up 60 bps
- ·LCVs <3.5T market share at 52.3%, up 60 bps
- ·Tractors market share FY26 at 43.6%, up 30 bps; Q4 at 42.1%, up 90 bps
- ·Electric 3 wheelers market share at 40.0%
- ·Tech Mahindra EBIT margin at 12.6%, up 290 bps
- ·MMFSL GS3 at 3.41%
- ·3 International Farm exits
- ·Standalone FY26 RoE at 20.1%, EPS at Rs 152.2
05-05-2026
Mahindra & Mahindra Ltd approved audited consolidated financial results for FY26, reporting revenue from operations up 24.6% YoY to ₹1,97,792.78 Cr and profit after tax up 32.3% YoY to ₹18,621.71 Cr, with all segments showing YoY growth led by Automotive (+29.5% revenue to ₹1,17,834.13 Cr). The Board recommended a higher final dividend of ₹33 (660%) per equity share of ₹5 face value, up from ₹25.3 (506%) last year. While Q4 FY26 showed strong YoY growth, Farm Equipment revenue declined 13% QoQ to ₹10,022.10 Cr and segment results fell 19% QoQ.
- ·80th AGM scheduled for July 30, 2026 at 3:00 p.m. IST via VC/AVM.
- ·Record date for dividend: July 3, 2026.
- ·Book closure: July 4 to July 30, 2026.
- ·Seeking shareholder approval for remuneration to Anand G. Mahindra and material related party transactions.
- ·Basic EPS FY26: ₹153.10 (vs ₹115.91 FY25).
05-05-2026
Mahindra & Mahindra Ltd reported robust FY26 audited consolidated financial results with revenue from operations surging 24.6% YoY to ₹1,97,792.78 Cr and profit after tax attributable to owners rising 32.2% to ₹17,098.85 Cr, alongside EPS of ₹153.10 (up 32.2% YoY). The Board recommended a final dividend of ₹33 per share (up 30.4% from ₹25.3 prior year), while Q4 FY26 revenue grew 28.9% YoY but Farm Equipment revenue declined 12.9% QoQ and Industrial Businesses segment results fell 37.6% QoQ. All segments showed strong FY YoY growth led by Automotive (+29.5%).
- ·80th AGM scheduled for July 30, 2026 at 3:00 p.m. IST via Video Conferencing/Other Audio Visual Means
- ·Record Date for final dividend: July 3, 2026
- ·Register of Members and Share Transfer Books closed from July 4, 2026 to July 30, 2026
- ·Statutory Auditors issued unmodified opinion on audited standalone and consolidated financial results
- ·Seeking shareholder approval for remuneration to Mr. Anand G. Mahindra and material related party transactions at AGM
- ·Group Chief Internal Auditor change: Mr. K N Vaidyanathan ceases June 30, 2026; Mr. Vimal Agarwal appointed July 1, 2026
05-05-2026
Mahindra & Mahindra's Board approved audited consolidated FY26 financial results with revenue from operations surging 24.6% YoY to ₹1,97,792.78 Cr and PAT rising 32.3% YoY to ₹18,621.71 Cr, driven by strong Automotive segment growth of 29.7% YoY. The Board recommended a higher final dividend of ₹33 (660%) per share (face value ₹5), up from ₹25.3 (506%) last year. However, Q4 saw QoQ declines including Farm Equipment revenue down 12.9% to ₹10,022.10 Cr and segment results down 19% to ₹1,015.52 Cr, while Industrial Businesses profit fell 37.6% QoQ to ₹458.06 Cr.
- ·80th AGM scheduled for Thursday, 30th July 2026 at 3:00 p.m. IST via VC/AVM.
- ·Record date for dividend: Friday, 3rd July 2026.
- ·Book closure: Saturday, 4th July 2026 to Thursday, 30th July 2026.
- ·Statutory auditors issued unmodified opinion on FY26 results.
- ·Seeking shareholder approval for remuneration to Anand G. Mahindra and material related party transactions.
05-05-2026
Larsen & Toubro Limited's Nomination & Remuneration Committee approved the allotment of 35,981 equity shares on May 5, 2026, to grantees who exercised options under the Company's Employee Stock Option Schemes. The shares rank pari-passu with existing equity shares. No financial impact or performance metrics were disclosed.
- ·NRC meeting commenced at 11:30 a.m. and concluded at 12:15 p.m.
- ·BSE Stock Code: 500510; NSE Stock Code: LT
05-05-2026
Mahindra & Mahindra reported strong Q4 FY26 consolidated results with revenue up 29% YoY to ₹54,982 Cr and PAT up 42% to ₹4,668 Cr; FY26 revenue grew 25% to ₹1,98,639 Cr and PAT up 35%* to ₹17,099 Cr (excluding ₹304 Cr F25 land sale gains). Auto PAT rose 33% to ₹7,842 Cr driven by 19% volume growth and 80 bps margin expansion, Farm PAT up 13% to ₹4,298 Cr with 24% volumes but offset by international; MMFSL PAT (M&M share) up 60%^ to ₹1,495 Cr though GS3 fell 27 bps to 3.41%, TechM up 14% to ₹1,342 Cr.
- ·SUV market share 25.3% (+260 bps), LCV (<3.5T) 52.3% (+60 bps), Farm machinery market share 43.6% (+30 bps)
- ·TechM TCV $3,794 mn (+42%), EBIT margin 12.6% (+290 bps)
- ·Group ROE at 20%
- ·Supply chain: INR 100,000 Cr+ purchases, high risk 82 part-families
05-05-2026
ICICI Bank Limited allotted 1,083,096 equity shares of face value Rs. 2 each on May 5, 2026, under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors at 02:02 p.m. on the same day, pursuant to powers delegated by the Board of Directors at its meeting on October 21, 2023. The letter was signed by Vivek Ranjan of the Leadership Team.
- ·Approval time: 02:02 p.m. on May 5, 2026
- ·Board delegation meeting: October 21, 2023
05-05-2026
The Hon'ble NCLAT issued a clarificatory order dated May 5, 2026, in Company Appeal (AT) (Insolvency) No. 592/2025 and I.A. No. 2117/2026, permitting adjustments to the resolution plan of Infra Industries Ltd. to comply with minimum 5% public shareholding under Regulation 19A of SCRR 1957. Post-CIRP, promoter shareholding is fully extinguished to 0.00% (from 68.88% pre-CIRP), public shareholding reduced to 5.32% (from 31.12%), and Equator Financial Services Ltd. (SRA) allotted 94.68% via new shares. This enables resolution plan implementation but wipes out existing promoters entirely.
- ·NCLAT order clarifies July 15, 2025 order in I.A. No. 2280/2025.
- ·Public shares post-CIRP rounded off to next higher integer for fractions.
- ·Scrip Code: 530777; CIN: L25200MH1989PLC054503.
05-05-2026
Citizen Infoline Limited has changed its name to Citizen Solar Limited effective May 4, 2026, following approval from the Registrar of Companies pursuant to a Scheme of Amalgamation sanctioned by the National Company Law Tribunal, Ahmedabad Bench. The new name will be reflected in all records, filings, and correspondences going forward, while the old name must be displayed alongside for two years as per Section 12 of the Companies Act. The company's CIN has been updated to L31100GJ1994PLC023561 from the previous L67120GJ1994PLC023561.
- ·Scrip Code: 538786
- ·CIN (new): L31100GJ1994PLC023561
- ·CIN (prior): L67120GJ1994PLC023561
- ·Registered Office: 411, Sakar-2, Ellisbridge Corner, Ashram Road, Ahmedabad-380006
- ·Certificate issued: May 4, 2026
05-05-2026
ICICI Bank Limited disclosed receiving an administrative warning from SEBI on May 4, 2026, alleging certain non-compliances in its activities as a depository participant under SEBI (Depositories and Participants) Regulations, 2018, identified during a periodic inspection by SEBI and depositories. The Bank is taking necessary corrective actions. It stated there is no material impact on the financial, operations, or other activities of the Bank.
- ·Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- ·SEBI letter dated and received May 4, 2026 at 4:07 p.m.
- ·Copies sent to NYSE, SIX Swiss Exchange Ltd., Singapore Stock Exchange, and Japan Securities Dealers Association
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