Mumbai, May 6, 2026: A series of corporate announcements across banking, manufacturing, consumer durables and capital markets signalled strong earnings momentum, strategic expansion, and governance updates among Indian companies.
South Indian Bank hikes dividend
South Indian Bank Ltd reported its audited FY26 results with the Board recommending a dividend of ₹0.45 per equity share (45%), up from ₹0.40 last year. The financials received an unmodified audit opinion, indicating stable asset quality and compliance.
Schaeffler India posts robust Q1 performance
Schaeffler India reported revenue of ₹2,507 crore in Q1 CY26, up 18.8% year-on-year, driven by strong growth in automotive and export segments. EBITDA stood at ₹483 crore with a margin of 19.3%, while profit after tax rose 12.8% YoY to ₹319.7 crore.
Automotive Technologies led growth with a 30.8% YoY increase, while exports surged 32.5%, reinforcing India’s role as a global manufacturing hub. The company maintained a positive free cash flow of ₹137 crore and guided capex in the range of ₹400–500 crore for the year.
LG Electronics India expands product lineup
LG Electronics India launched its 2026 home appliances range, strengthening its presence across affordable-premium and premium segments. The company also initiated exports of its ‘Essential Series’ to global markets under its ‘Make-in-India-Global’ strategy, targeting 22 countries by year-end.
New launches include AI-powered washing machines, French door refrigerators, and advanced dishwashers, aimed at bridging affordability with premium innovation.
Kiaasa Retail clarifies disclosure
Kiaasa Retail Limited clarified that its April 2026 store openings in Nagpur, Raipur, and Patna are routine business updates and not material disclosures under SEBI (LODR) norms.
Corporate governance and board updates
Ranjit Securities Limited approved key appointments at its AGM, including statutory auditors and board reappointments.
Rane (Madras) Limited announced board-level changes, including director reappointments and retirements, alongside scheduling its AGM for August 5, 2026, and recommending a dividend of ₹16 per share.
Swarnsarita Jewels completes open offer
Swarnsarita Jewels India Limited concluded its open offer, with 8.17% shares accepted against the proposed 22.97%. Post-offer, promoter group shareholding stands at 60.20%.
