Sammaan Capital Becomes IHC Group Company After Completion of Open Offer; IHC Takes Promoter Control
Sammaan Capital announced that International Holding Company PJSC (IHC) has officially become its promoter and controlling shareholder following the completion of its investment and open offer transaction.
With a market capitalization of nearly USD 232 billion, IHC’s entry is expected to strengthen Sammaan Capital through enhanced capital access, operational capabilities, governance standards, and integration with IHC’s artificial intelligence ecosystem.
The Board also noted the classification of Avenir Investment RSC Ltd as promoter and approved the appointment of Alwyn Dinesh Crasta as an Additional Non-Executive Non-Independent Director for a five-year term.
P N Gadgil Jewellers Sees Q4 Gross Margin Decline; Expects Profitability Normalization in FY27
P N Gadgil Jewellers Ltd reported a 230 basis point year-on-year decline in consolidated gross margins for Q4 FY26, primarily due to a higher contribution from gold bars and coins, lower studded jewellery mix, and increased trade discounts.
The company attributed:
- 150 bps impact to higher gold bars and coins sales,
- 30 bps to lower studded jewellery contribution,
- and 50 bps to elevated trade discounts.
Sequentially, margins were impacted by a higher franchise sales mix and a favorable antique jewellery base in Q3 FY26.
Management said the factors were largely one-off in nature and guided for FY27 gross margins in the range of 12%–13%, indicating expectations of profitability normalization.
Cella Space Sells Logistics Subsidiary for ₹16.3 Crore
Cella Space Limited announced the sale of its wholly owned subsidiary Vijay Logistics Parks Private Limited to Aura Space Industrial Warehousing Private Limited for a net consideration of ₹16.32 crore.
The agreement was executed on March 18, 2026, with the transaction completed on May 14, 2026.
The company clarified that the buyer is not related to the promoter group and stated the divestment aligns with its previously approved strategy of forming and monetizing wholly owned subsidiaries.
Persistent Systems ESOP Trust to Acquire Up to 1.25 Lakh Shares Before June-End
Persistent Systems said its ESOP Trust will acquire up to 125,000 equity shares in one or more tranches by June 30, 2026, to meet employee stock option vesting obligations.
The company said the purchases will comply with applicable SEBI regulations. Earlier in March, the ESOP Trust had acquired 437,232 shares.
IndiGrid Submits FY26 Audited Financials; Audit Highlights Classification and Impairment Judgments
IndiGrid Infrastructure Trust submitted its audited standalone and consolidated financial statements for FY26, approved by the Board of IndiGrid Investment Managers Limited.
The audit report confirmed that the financial statements present a true and fair view in accordance with InvIT Regulations and Indian Accounting Standards.
Key audit observations included:
- non-applicability of Appendix D of Ind AS 115 for certain assets,
- classification judgments for acquisitions,
- and impairment assessment considerations.
RITES to Hold Analyst Call on May 20 to Discuss FY26 Results
RITES Ltd. will hold a conference call on May 20, 2026, between 11:00 AM and 12:00 PM to discuss financial results for the quarter and year ended March 31, 2026.
Senior management, including the CMD and directors, will participate in the interaction.
Adani Green Updates on US SEC Matter; Gautam Adani, Sagar Adani Agree to Civil Penalties
Adani Green Energy Limited informed exchanges that the US SEC, along with Gautam Adani and Sagar Adani, has filed a request for final judgment on consent before the US Eastern District of New York Court.
Under the proposed settlement:
- Gautam Adani agreed to a civil penalty of USD 6 million,
- while Sagar Adani agreed to USD 12 million,
without admitting or denying the allegations.
The company clarified that it is not a party to the proceeding and that no charges have been brought against it.
Allied Blenders & Distillers Reports Strong FY26 Growth; EBITDA Margin Expands to 14.4%
Allied Blenders & Distillers Ltd reported robust FY26 performance, driven by premiumization, margin expansion, and strong growth in its Prestige & Above (P&A) portfolio.
FY26 Highlights
- Revenue from Operations: ₹3,949 crore (+11.5% YoY)
- EBITDA: ₹568 crore (+25.8% YoY)
- PAT: ₹220 crore (+13% YoY)
- EBITDA Margin: 14.4% (+163 bps)
- Gross Margin: 45.6% (+350 bps)
The company said margin expansion was supported by favorable input costs and backward integration initiatives.
Q4 FY26 Performance
- Revenue: ₹1,020 crore (+9.1% YoY)
- EBITDA: ₹182 crore (+21.2% YoY)
- EBITDA Margin: 17.9%
- Total Volume Growth: 8.7% YoY
- P&A Volume Growth: 20.5% YoY
Brand & Premiumization Strategy
The company highlighted strong growth in:
- ICONiQ White Whisky,
- Officer’s Choice,
- Zoya Gin,
- Arthaus Blended Malt Scotch Whisky.
ICONiQ White Whisky volumes surged 87.8% YoY to 10.7 million cases during FY26.
ABD also launched ultra-luxury Scotch whisky brand “The Collective” at ₹11 lakh per bottle.
