Happiest Minds Sees OpenAI, Anthropic Entry as Growth Opportunity
Happiest Minds Technologies expressed strong confidence in the long-term growth potential of its AI services business, stating that the expansion of GenAI platform providers such as OpenAI and Anthropic into services will create larger opportunities for IT firms rather than disrupt them.
The company said enterprise AI adoption requires integration, governance, domain expertise, and execution capabilities where IT services firms hold a strong advantage. Happiest Minds added that the evolving GenAI ecosystem is expected to accelerate its opportunity pipeline and deepen global partnerships.
Adani Green Update: US DOJ Seeks Dismissal of Charges
Adani Green Energy informed exchanges that the US Department of Justice has filed a motion seeking dismissal with prejudice of charges against Gautam Adani, Sagar Adani, and Vneet Jaain.
If approved by the US court, the dismissal would prevent any future prosecution related to the alleged securities fraud and wire fraud conspiracy case. The company clarified that Adani Green itself is not a party to the proceedings.
Seshaasai Technologies Posts Strong Q4 Growth
Seshaasai Technologies reported robust Q4 FY26 earnings performance with consolidated revenue rising 9.6% YoY to ₹404.1 crore.
- EBITDA jumped 22.8% YoY to ₹124.5 crore
- PAT increased nearly 30% YoY to ₹81.7 crore
- EBITDA margin expanded to 30.8%
The company also recommended a final dividend of ₹2.50 per share for FY26.
Management highlighted operational efficiencies, procurement improvements, and diversified revenue mix as key growth drivers.
Shree Pushkar Chemicals Reports 20% PAT Growth
Shree Pushkar Chemicals & Fertilisers posted strong FY26 performance with:
- Revenue rising 21.1% YoY to ₹976.6 crore
- EBITDA increasing 19% to ₹99.5 crore
- PAT growing 20% to ₹70.1 crore
The company also announced aggressive expansion plans in fertilizers, chemicals, and renewable energy, including:
- 4.5 lakh MTPA fertilizer capacity addition
- 72,000 MTPA chemical expansion
- 10 MW solar power capacity addition
AJAX Engineering FY26 PAT Declines Despite Margin Improvement
AJAX Engineering reported FY26 revenue of ₹2,103 crore, up marginally YoY, while PAT declined to ₹225 crore from ₹260 crore last year due to higher costs linked to new emission norms.
However, Q4 remained stable:
- Q4 revenue stood at ₹758 crore
- EBITDA rose 4% YoY to ₹115 crore
- PAT increased to ₹95 crore
The company said it regained market share in the self-loading concrete mixer segment and expects infrastructure-led demand to support future growth.
JSW Cement Defers Board Meeting
JSW Cement postponed its board meeting for FY26 financial results from May 18 to May 21 due to time constraints. The trading window will remain closed until 48 hours after the results announcement.
Chalet Hotels Seeks Promoter Reclassification
Chalet Hotels submitted applications to NSE and BSE seeking reclassification of two promoter group entities — Content Properties Pvt Ltd and Sycamore Properties Pvt Ltd — into the public category. Both entities currently hold zero shares in the company.
