New Delhi, May 5, 2026:
A series of corporate announcements across sectors on Tuesday highlighted deal activity, earnings performance, and key board decisions by listed companies.
Clean Max Enviro Energy Solutions said it has approved the sale of its wholly-owned subsidiary Clean Max Yuhdul Private Limited to Tata Communications for ₹26,000. The transaction is expected to be completed by June 30, 2026. The subsidiary, incorporated in October 2025, has not contributed to revenue or net worth so far, and the deal is being executed on an arm’s length basis.
Quess Corp reported a profit before tax of ₹690.18 crore for Q4 FY26 and announced shareholder returns, including a special interim dividend of ₹3 per share and a final dividend of ₹3 per share. The company also approved the appointment of Anish Thurthi as Additional Director, accepted the resignation of Chandran Ratnaswami, and appointed KFin Technologies as its Registrar and Share Transfer Agent.
In a separate investor update, Quess Corp reported Q4 revenue of ₹3,892 crore, up 6% year-on-year, while profit after tax rose sharply by 167% to ₹64 crore. For the full year FY26, revenue stood at ₹15,305 crore with a 2% growth, while adjusted PAT increased 10% to ₹230 crore.
Healthcare player Asarfi Hospital said its board will meet on May 11, 2026, to approve audited financial results for FY26. The trading window remains closed for designated persons till May 31.
Employee stock ownership activity remained strong across companies. MPS Limited granted 79,009 stock options under its ESOP scheme at ₹1,657.70 per share, with vesting spread over four years.
Similarly, Poonawalla Fincorp granted over 21 lakh stock options under its ESOP scheme at an exercise price of ₹418.60, in line with regulatory norms.
In another disclosure, promoter Jatinder Dev Seth of Purple United Sales confirmed that the promoter group held 63.82% stake as of March 31, 2026, with no encumbrances on shares during the financial year.
Overall, the updates reflect active corporate actions spanning M&A, earnings growth, governance changes, and employee incentive programs, indicating continued momentum in India Inc’s operational and strategic initiatives.
