New Delhi, May 6: A mix of leadership continuity, earnings momentum, and financial stress signals dominated corporate developments on Wednesday, with companies across fintech, infrastructure, and manufacturing sectors reporting key updates.
Zaggle Reappoints Avinash Godkhindi as MD & CEO
Zaggle Prepaid Ocean Services Ltd has reappointed Avinash Ramesh Godkhindi as Managing Director and Chief Executive Officer for a further two-year term (May 2026–May 2028).
The decision, approved by shareholders via postal ballot, reinforces leadership continuity at the fintech firm. Godkhindi, who has been associated with the company since 2012, brings global management experience, including an MBA from the University of Chicago Booth School of Business.
C&C Constructions Reports Heavy Loss, Flags Uncertainty
C & C Constructions Ltd reported a loss before tax of ₹28,793 million for FY26, highlighting ongoing financial stress.
The auditor flagged material uncertainties linked to liquidation proceedings and limited access to historical financial data under previous management. The company also appointed Rahul J Garg & Associates as internal auditors for FY27, signalling efforts to strengthen governance amid distress.
GHCL Textiles Delivers Strong Earnings Growth
GHCL Textiles Limited reported a robust Q4 and FY26 performance, driven by demand recovery and improved pricing.
- Q4 FY26 Revenue: ₹375 Cr (+31% YoY)
- FY26 Revenue: ₹1,335 Cr (+14% YoY)
- FY26 EBITDA: ₹156 Cr (+34% YoY)
The company maintains a healthy balance sheet with net debt at ₹118 Cr (0.1x D/E ratio).
Strategic signals:
- Expansion into value-added fabric segment
- Capex pipeline of ₹300–350 Cr
- Long-term target: ₹2,000 Cr revenue + 15–18% EBITDA margins
Growth is further supported by PM MITRA park allocation in Tamil Nadu and rising export demand.
Aptus Value Housing Declares Interim Dividend
Aptus Value Housing Finance India Ltd announced a second interim dividend of ₹2.50 per share for FY25.
The company also approved raising up to ₹3,000 Cr via NCDs, indicating continued focus on capital expansion and lending growth.
Avalon Technologies Posts Strong Profit Growth
Avalon Technologies reported strong FY26 growth:
- Revenue: ₹864.96 Cr (+29.8% YoY)
- PAT: ₹89.37 Cr (+44.2% YoY)
The performance reflects strong order execution and scale-up in electronics manufacturing services (EMS).
