News Flash
TTravel Food Services Reports 18.4% System-Wide Sales Growth Despite Passenger Traffic Decline in Q2 FY26
1 minute agoTravel Food Services achieved system-wide sales of INR 7.3 billion with 18.4% year-on-year growth and consolidated PAT of INR 979 million (15.3% growth) in Q2 FY26, despite a 3.5% decline in passenger traffic at consolidated airports due to India-Pakistan conflict and reduced flight schedules. The company expanded to over 500 outlets and lounges system-wide, secured new contracts at Cochin International Airport and Delhi Terminal 2, and expects performance to benefit from recovering passenger traffic trends in the seasonally stronger second half.
EEverest Industries VP of Operations & Supply Chain Resigns Due to Personal Reasons
1 minute agoParshant Giare, Vice President-Operations and Supply Chain at Everest Industries Limited, has resigned from his position due to personal reasons, effective from the close of business hours on December 1, 2025. The company has disclosed this senior management personnel change to stock exchanges NSE and BSE as per regulatory requirements.
TTexmaco Rail & Engineering Wins ₹6.39 Crore Central Railway Contract for Kalyan Station OHE Modification
5 minutes agoTexmaco Rail & Engineering has secured a ₹6.39 crore contract from Central Railway to modify the Overhead Equipment (OHE) at Kalyan Station. The project is scheduled to be completed within 6 months, adding to the company's railway infrastructure portfolio.
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AXISCADES Technologies delivered robust quarterly results with consolidated revenue of Rs. 299 crores (13% YoY growth), EBITDA of Rs. 47 crores (41.5% YoY increase), and PAT of Rs. 23 crores (89% YoY growth). The company launched its ambitious Power 930 initiative targeting Rs. 9,000 crores revenue by 2030, with plans for 40% annual growth in core aerospace, defense, and ESAI segments over FY26-27, followed by 70% growth acceleration through new manufacturing facilities.
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CRISIL Ratings Limited reaffirmed its CRISIL BBB/Stable rating on Jaiprakash Power Ventures Limited's long-term bank facilities worth Rs 5,600 crore. The rating reaffirmation maintains the company's current credit assessment and provides continued access to banking facilities at existing terms.
UVineeta Adityakumar Ruia, a promoter of Usha Martin Ltd, disposed of 12,50,000 equity shares through gift on November 19, 2025. The disposal reduced her shareholding from 42,74,000 shares (0.42%) to 30,24,000 shares (0.01%) in the steel wire manufacturer.
SSpiceJet Limited allotted 104,172,634 equity shares through preferential allotment to nine Ireland-based aviation companies including SASOF and Fly Aircraft Holdings entities, representing 6.86% of total share capital. The allotment was made in lieu of outstanding dues owed by SpiceJet to these acquirers as of March 31, 2025, increasing the company's total equity share capital to 1,517,693,901 shares.
CCity Union Bank opened a new branch in Aligarh on November 20, 2025, expanding its physical presence in the region. The bank's total branch network has now reached 893 locations, reflecting its continued expansion strategy.
BBaid Finserv Limited has announced a rights issue of up to 3,00,17,075 equity shares at ₹10 per share (face value ₹2) for ₹3,001.71 lakhs, offering 1 rights share for every 4 existing shares held. The company published pre-issue advertisements in Financial Express and Business Remedies newspapers, with the record date set as November 17, 2025 for eligible shareholders.
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Gujarat State Fertilizers Chemicals Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Manoj Kumar Das, IAS as Director and Chairman, replacing Mr. Pankaj Joshi, IAS (Retd.). The e-voting process runs from November 21, 2025 to December 20, 2025, with results to be declared by December 23, 2025.
TTransrail Lighting has secured new orders worth ₹548 crore, including an international transmission line project in the MENA region, bringing total FY26 orders above ₹4,285 crore. The company has also achieved L1 status for additional orders worth ₹2,575 crore, indicating strong business momentum and international expansion.
RA block trade involving 440,148 shares of Reliance Industries was executed on NSE at Rs. 1546.30 per share, totaling Rs. 68.06 crores. The transaction represents a significant institutional or bulk trading activity in one of India's largest conglomerates.
S26 minutes ago
Singer India Limited delivered 30% revenue growth and nearly tripled PBT from Rs. 1.67 crores to Rs. 5.22 crores in quarterly results, driven primarily by 45% growth in sewing machines segment. The company secured manufacturing license for ZigZag machines in India and received Rs. 4.5 crores preferential investment from VSM entity, while appliances business faced challenges due to unfavorable weather and inventory issues.
SShivansh Finserve Limited accepted resignations of two Independent Directors Mrs. Pina Chirag Shah and Mr. Nehalkumar Navinchandra Shah, while appointing Mr. Siddharth Parshottam Gajra and Mrs. Krati Garg as Additional Non-Executive Independent Directors for 5 years effective November 14, 2025. The company also approved standalone unaudited financial results for the quarter ended September 30, 2025, showing total income of Rs. 277.08 lakhs and profit after tax of Rs. 65.48 lakhs.
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Tilaknagar Industries Ltd., India's largest brandy producer, launched Seven Islands Pure Malt Whisky made from four single malts from India and Scotland, marking its strategic entry into the premium whisky category. The launch follows the company's Imperial Blue acquisition announcement and establishes whisky as its second major growth pillar alongside its brandy leadership, targeting India's whisky market which accounts for 66% of total spirits consumption.
TThomas Cook India has introduced Europe Summer 2026 holiday packages through SOTC Travel, featuring over 60 guided tours with discounts up to ₹70,000 per couple. The packages include additional benefits such as free vacation or cruise options on select bookings, targeting travelers planning European holidays.
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Shriram Asset Management Company has initiated a postal ballot for shareholders to approve the appointment of Mr. Thian Joost Fick as Non-Executive Non-Independent Director, nominated by Sanlam Emerging Markets (Mauritius) Limited. The company also seeks approval for revised remuneration of Rs. 40,00,000 per annum for Fund Manager Ketankumar Shah, effective from October 01, 2025.
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Som Distilleries achieved total income of INR 2,700 million with EBITDA growing 15.1% to INR 405 million and net profit of INR 195 million, though beer volumes dropped 19% to 36 lakh cases due to underperformance in Karnataka. The company expects recovery in Q3-Q4 driven by new brand Sunny Beaches and its upcoming UP plant scheduled for June 2026, while expanding premium IMFL portfolio with Mahavat whiskey and planned single malt launch.
KAcuite Ratings & Research Limited upgraded Kilburn Engineering's long-term rating to ACUITE A- from ACUITE BBB and short-term rating to ACUITE A2+ from ACUITE A2, covering term loan of Rs. 53.70 crore and fund-based limits. The outlook was revised from positive to stable across all upgraded facilities, reflecting improved creditworthiness of the engineering company.
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Norben Tea Exports Limited received approval from NSE and BSE for listing and trading of 1,550,000 equity shares of Rs. 10 each issued at Rs. 17 per share through conversion of preferential warrants. The shares are admitted to trading on both exchanges from November 20, 2025, with distinctive numbers from 13994101 to 15544100 and a lock-in period until June 30, 2026.
TTD Power Systems Limited obtained an extended temporary injunction from Nagamangala Court that restrains the Workers Union from obstructing company operations and restricts union activities beyond 25 meters from factory gates until suit disposal. The court order dated November 18, 2025 provides the company relief from union disruptions and ensures uninterrupted business operations during the ongoing legal proceedings.
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UPL Ltd. witnessed a block trade worth Rs. 50.07 crores on NSE involving approximately 661,451 shares at Rs. 756.95 per share. The transaction represents a significant institutional or bulk investor activity in the agrochemical company's stock.
SSunita Tools acquired a 51% stake in Avisan Global Tech and Avisan Engineering Enterprises, marking its strategic entry into the naval defence and shipbuilding sector. The acquired companies bring combined sales of ₹6.27 crore and an order book worth ₹20.53 crore, providing Sunita Tools with immediate revenue streams and future business pipeline in the defence segment.
PPNB Housing Finance received a credit rating upgrade from India Ratings on its Non-Convertible Debentures and Bank Loans from INDAA to INDAAA with Stable Outlook, citing improved profitability, asset quality, and reduced concentration risks. The company reported Retail Loan Assets of ₹79,439 crores with 17% YoY growth, Gross NPA at 1.04%, and Return on Assets at 2.65% in H1 FY26.
MCARE Ratings Agency reaffirmed Mayur Uniquoters Limited's credit ratings with CARE AA+ Stable for long-term bank facilities of Rs 5.90 crores (reduced from Rs 10.80 crores) and CARE A1+ for short-term facilities of Rs 20.00 crores. The artificial leather and PVC vinyl manufacturer also received reaffirmed ratings for long-term/short-term bank facilities of Rs 65.00 crores, reduced from Rs 67.00 crores.

GE Aerospace announced plans to invest $14 million to expand its manufacturing facility in Pune. The investment aims to grow the company's manufacturing capabilities at the Indian location.
SSasken Technologies Limited has appointed Mr. Rajeev Ved as Chief Growth AI Officer, a senior management position, effective November 20, 2025. Ved brings over 25 years of experience in strategy, operations, and digital transformation across B2B technology, industrial technology, telecommunications, and mobility sectors, having previously served as CEO MD of Hitachi Rail STS India.
UUnited Spirits Seeks Shareholder Approval for Independent Director Appointment
56 minutes agoUnited Spirits Limited has initiated a postal ballot process for shareholders to approve the appointment of Mr. Narayan K. Seshadri as an Independent Director for a three-year term from October 9, 2025 to October 8, 2028. The e-voting period runs from November 21, 2025 to December 20, 2025, with results to be announced by December 23, 2025.
NNetwork People Services Technologies Limited has entered into a partnership with Cosmos Co-operative Bank Ltd to expand digital payment acceptance infrastructure for co-operative banks across India using NPST's Qynx platform. The collaboration will enable more than 1,500 co-operative banks with over 11,000 branches to offer QR code and soundbox-based digital payment acceptance, supporting financial inclusion in semi-urban and rural markets.
KKEC International witnessed a significant block trade worth Rs. 95.18 crores involving 1,343,486 shares executed at Rs. 708.45 per share on NSE. The large-volume transaction indicates institutional activity and could impact the stock's liquidity and price movement.
MMaple Infrastructure Trust allotted 120,603,200 units at ₹145.6 per unit to various investors including alternative investment funds and domestic body corporates, raising ₹17,559,825,920. The allotment was approved by the Board of Directors and unitholders, with the new units ranking equally with existing units and subject to lock-in requirements.
JJTEKT India achieved 5.6% sales growth in the first half of FY26, outperforming the passenger vehicle market's 1.6% growth, while EBITDA margins improved to 7.2% in Q2 from 5.3% in Q1. The company faced margin pressure due to higher employee costs and delayed new product launches, but expects recovery through expanded exports to Brazil, new product ramp-ups including e-Vitara supplies, and capacity expansion with INR 460 crores CAPEX across multiple facilities.
DDharmaj Crop Guard Limited appointed Mr. Prakash Patel as President (Technical-Regulatory Affairs) effective November 20, 2025, bringing 34 years of agrochemicals experience from companies like Meghmani and Adama India. The appointment strengthens the company's senior managerial team with expertise in production and regulatory operations in the agrochemicals sector.
MMagnanimous Trade Finance Limited's Board approved increasing authorized share capital from Rs. 2.37 crores to Rs. 23 crores and issuing bonus equity shares at a ratio of 23:1, meaning 23 bonus shares of Rs. 10 each for every 1 fully paid-up equity share held. The proposals require shareholder approval at an Extra-Ordinary General Meeting scheduled for December 15, 2025, with the post-bonus paid-up capital expected to reach Rs. 22.83 crores consisting of 2,28,35,232 equity shares.
SMaharashtra GST officials conducted search and inspection proceedings at Supreme Industries' registered office, corporate office, and Khopoli unit under the Maharashtra GST Act. The company is cooperating with officials and does not expect any material impact on operations, with regular business activities continuing unaffected.
AAether Industries Limited allotted 22,577 equity shares at Rs. 321 per share to eligible employees under its Employee Stock Option Scheme 2021 on November 20, 2025. The allotment increases the company's total share capital to Rs. 1,32,61,28,180 comprising 13,26,12,818 equity shares of Rs. 10 each.
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Asian Energy Services recorded revenue of INR 102 crores in Q2 FY26 with negative PAT of INR 4 crores due to one-time Kuiper acquisition costs and prolonged monsoon impact on operations. The company secured significant contracts worth INR 1,324 crores from Vedanta and Mahanadi Coalfields while maintaining robust order book of over INR 2,000 crores, positioning for strong second-half performance.
TMr. Sanjay Kumar Jain, Director from the Promoter Group of TTL Limited, purchased 37,200 equity shares on 19 November 2025. The transaction was disclosed under SEBI insider trading regulations and communicated to NSE and BSE exchanges.
KKalyanforge Limited reported total income of Rs 56.23 crores for Q2 FY26, down from previous levels due to US tariff-related export reductions, while PAT increased to Rs 2.15 crores and EBITDA margin improved to 12.6%. The company maintained profitability through cost control measures, won new MNC customer orders worth Rs 5-10 crores annually in the Axle business, and commissioned Rs 7 crores of CapEx projects while strengthening governance and compliance systems.
OOswal Pumps Limited achieved operating revenue of INR 540 crores in Q2 FY26, reflecting 73.9% year-on-year growth driven by continued execution of PM-KUSUM and Magel Tyala orders. The company maintained EBITDA margin at 24.7% despite pricing pressures from L1 tenders and expects margin recovery in Q3 FY26 through value engineering initiatives.
BBajaj Holdings & Investment Ltd reported consolidated profit after tax of ₹5,046 crore for H1 FY26 versus ₹3,047 crore in H1 FY25, boosted by ₹1,522 crore profit from sale of Bajaj Finserv shares and strong performance across automobile and financial services businesses. The company declared and paid an interim dividend of ₹65 per equity share (650%) amounting to ₹723 crore, while progressing towards acquiring Allianz's 26% stake in two insurance companies.
GGujarat Industries Power has expanded its solar project by adding 150 MW capacity, bringing the total operational capacity to 465 MW. The expansion represents progress toward the company's target of 600 MW total solar capacity.
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Suraj Industries has completed the acquisition of 41,05,120 equity shares of Carya Chemicals Fertilizers Private Limited from Sarth Agbev and Energy Private Limited for Rs. 5,17,24,512 at Rs. 12.60 per share. Following this acquisition, Suraj Industries' shareholding in Carya has increased to 95.44% of its paid-up equity share capital.
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Tembo Global has secured a new order worth ₹107 crore. The company currently has a market capitalization of ₹1,250 crore.
MMahindra & Mahindra witnessed a block trade on NSE involving 236,407 shares valued at Rs. 88.61 crores at a price of Rs. 3,748.30 per share. The transaction represents a significant institutional or bulk investor activity in the automotive company's stock.
SShankara Building Products achieved its highest Q2 steel volume of 2.52 lakh tons with 31% year-on-year growth, driving consolidated revenue to INR 1,681 crores (26% growth) and net profit to INR 25 crores (66% increase). The company received in-principle approval from NSE and BSE for listing its marketplace business Shankara Buildpro Limited by end of November, completing the demerger to separate manufacturing and marketplace operations.
JJash Engineering achieved 12% year-on-year revenue growth but faced significant margin pressure due to 50% US tariffs preventing material dispatch to higher-margin American markets, along with design issues on certain projects. The company revised its annual revenue guidance downward from INR 860 crores to INR 825 crores while maintaining profit expectations of INR 75-85 crores, and announced acquisitions of WesTech and Penstocks UK to diversify markets and reduce US dependency.
DDeepak Nitrite reported consolidated revenues of INR 1,922 crore in Q2 FY26 with 5% quarter-on-quarter EBITDA growth to INR 224 crore, driven by improved Phenolics performance and record Isopropyl Alcohol production. The company commissioned its hydrogenation asset at Deepak Chem Tech and inaugurated a INR 100 crore R&D center at Savli, while launching 7 new products and progressing on its integrated polycarbonate project expected to be operational by March 2028.
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Autoline Industries Limited received trading approval from NSE and BSE for 22,00,000 equity shares of Rs. 10 each issued at a premium of Rs. 92.50, converted from warrants on a preferential basis to promoters. The shares are listed and admitted for trading from November 20, 2025, with distinctive numbers from 43175402 to 45375401 and a lock-in period until July 31, 2027.
AAkme Fintrade (India) Limited, an RBI-registered NBFC, achieved Assets Under Management of ₹2,767.46 crores in H1 FY26, marking 54.80% year-on-year growth, with disbursements rising 135.35% to ₹227.62 crores. The company reported Profit After Tax of ₹19.66 crores (17.32% growth) and maintains expansion plans targeting ₹950 crores AUM for FY26 while diversifying into gold loans and insurance distribution.