Indian equities saw multiple stock-specific developments as companies across financials, IT, defence technology, diagnostics, wealth management, retail and hospitality announced regulatory disclosures, earnings updates, investor interactions and strategic milestones.
PNB Housing Finance flags ₹237.43 crore fraud; no financial impact
PNB Housing Finance Ltd disclosed that it has identified a fraud amounting to ₹237.43 crore involving M/s Sarv Realtors Private Limited. The company has reported the matter to the National Housing Bank and initiated legal proceedings. Management clarified that the account was already written off in FY23, and therefore the disclosure will not have any material impact on current financials.
Persistent Systems, Nuvama Wealth plan investor engagements
Persistent Systems Ltd announced a one-on-one virtual investor and analyst meeting with Creagis scheduled for January 28, 2026, where the company will reiterate information already shared during its Q3 FY26 earnings call, with no unpublished price-sensitive information to be disclosed.
Nuvama Wealth Management Ltd will conduct a non-deal roadshow from January 26 to February 2, 2026, involving group and one-on-one meetings across India and select international locations. Discussions will be based on the company’s investor presentation for the quarter and nine months ended December 31, 2025.
Zensar Technologies reports Q3 results, declares interim dividend
Zensar Technologies Ltd reported Q3 FY26 revenue from operations of ₹701.4 crore and declared an interim dividend of ₹2.40 per equity share. The company recorded an exceptional expense of ₹23.9 crore related to the statutory impact of new Labour Codes. The board also took note of the statutory auditors’ limited review report.
ideaForge highlights record order inflows and execution roadmap
ideaForge Technology Ltd shared its Q3 FY26 investor presentation, highlighting a record addition of ~₹4,400 million to its order book in FY26 year-to-date, the highest in the company’s history. The company expects to execute 40–45% of open orders in Q4 FY26, with a focus on margin improvement and a path to profitability.
Operationally, ideaForge reported over 150,000 customer flights in FY26 YTD and more than 850,000 cumulative flights, underlining growing adoption of its drone platforms. The company also showcased indigenous UAV platforms such as ZOLT and SWITCH at the Republic Day Parade, signalling strong institutional trust. Multiple technology upgrades, new UAV platforms and strategic MoUs are expected to support long-term growth.
Thyrocare wins national recognition
Thyrocare Technologies Ltd received two honours at the 4th National Diagnostics Forum & Awards 2026 — Best Diagnostic Lab Chain of the Year and Patient-Centric Diagnostic Company of the Year — recognizing its focus on affordability, innovation, operational excellence and patient care.
Baazar Style Retail to seek shareholder approval for preferential issue
Baazar Style Retail Ltd will hold an Extraordinary General Meeting on February 13, 2026, to seek approval for a preferential issue of up to 1.01 crore equity warrants to Cupid Limited at ₹328.25 per warrant, aggregating ₹331.53 crore. E-voting will be open from February 10–12, 2026.
Leela Palaces & Resorts posts best-ever quarterly performance
Leela Palaces, Hotels & Resorts reported its strongest-ever quarterly performance in Q3 FY26, driven by robust demand and pricing strength. Operating revenues rose 21% YoY to ₹457 crore, while operating EBITDA increased 23% YoY to ₹238 crore, with margins at 52%. PAT surged to ₹148 crore, marking the fifth consecutive profitable quarter.
The company continues to expand its luxury footprint, with new hotel additions, asset-light international exposure, an active pipeline of over 1,000 keys, and a long-term target of ₹2,000 crore EBITDA by FY30.
