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May 27, 2026
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Independence of the judiciary guides the bar on former tribunal members practising before the same tribunal system.
Retired judicial and technical members of the National Company Law Tribunal and the National Company Law Appellate Tribunal are prohibited from appearing, acting, pleading, or otherwise practising as advocates or consultants before those tribunals. The challenge concerned a regulation imposing a complete bar on such practice by former tribunal members, with the petitioner contending that a cooling-off period should replace the prohibition.
May 27, 2026
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PMLA money-laundering probe over alleged illegal payments continues after a challenge to the proceedings was dismissed.
Enforcement action under the Prevention of Money Laundering Act concerns alleged illegal payments by a private company to a firm linked with Veena T, following complaints and tax-related scrutiny of the transactions. The investigation led to searches at multiple premises, while a writ petition challenging the proceedings was dismissed, leaving the agency free to continue its probe.
May 27, 2026
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Online filing of ITR-2 is enabled for capital gains taxpayers without business income on the e-filing portal.
Online filing and Excel utility for ITR-2 have been enabled on the e-filing portal for assessment year 2026-27, allowing eligible individuals and Hindu undivided families with capital gains income, but no business or profession income, to begin filing returns.
May 27, 2026
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Election roll revision powers, money-laundering searches and exam leak arrests feature in a packed set of legal developments.
The highlights report election-related, enforcement and criminal investigation developments, including the Supreme Court's view on the Election Commission's power to conduct a Special Intensive Revision of voter rolls for fair elections, searches in a money-laundering investigation, arrests in the NEET UG paper leak case, and comments that the proposed Uniform Civil Code Bill is intended to protect women's rights and is not against any religion.
May 27, 2026
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PMLA investigation over CMRL payments triggers political motivation claims and continued scrutiny of the ED raids.
ED raids were reported in a PMLA investigation linked to alleged payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions, the company associated with Veena Vijayan. The probe stemmed from an SFIO complaint and earlier scrutiny by the Income Tax Department settlement board, while the Kerala High Court had dismissed CMRL's writ petition to quash the ED proceedings. CPI(M) leaders alleged the raids were politically motivated and maintained that the payments were for services rendered, not illegal transactions.
May 27, 2026
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Anti-trust challenge over Amazon's investment deal leads to setting aside of penalty and deal suspension orders.
Challenge to anti-trust action concerning Amazon's investment deal with Future Group. The Supreme Court set aside the NCLAT order that had rejected Amazon's appeal, and also set aside the Competition Commission of India's order imposing a penalty and suspending the deal. The Court further directed refund of any amount deposited or recovered from Amazon pursuant to the impugned orders within eight weeks.
May 27, 2026
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Merger approval and share issuance in the absorption of Indovida India into EPL Limited in the packaging sector.
Competition Commission of India approved the proposed merger of Indovida India Private Limited with and into EPL Limited by way of absorption. EPL, as the post-merger resultant entity, is to issue and allot shares on a proportionate basis to the shareholders of Indovida India in consideration of the merger. Indovida India is a wholly owned subsidiary within the Indorama group, while EPL is engaged in the manufacture and sale of packaging products.
May 27, 2026
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Joint venture approval for commodities trading entity reflects CCI clearance of the Mercuria-Tata combination.
Competition Commission of India approved the creation of a joint venture company between Mercuria Energy Netherlands B.V. and Tata International Singapore (Pte) Ltd., including the associated pre-closing restructuring and transfers. The target is to be established in the Dubai International Financial Centre, United Arab Emirates, as a commodities trading and investment entity. The joint venture is proposed to trade commodities through subsidiaries in various jurisdictions, including India.
May 27, 2026
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Strategic disinvestment through competitive bidding led to approval of the highest bidder as strategic buyer for full equity sale.
Strategic disinvestment of Indian Medicines Pharmaceutical Corporation Limited was implemented through a two-stage open competitive bidding process for sale of 100% equity shareholding with transfer of management control. After Expressions of Interest, due diligence, security clearance, and issuance of the Request for Proposal and Share Purchase Agreement, two financial bids were received and evaluated as technically qualified. The highest bidder, M/s. Skymap Pharmaceuticals Private Limited, emerged above the reserve price and was approved as the strategic buyer.
May 27, 2026
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Regional rural bank performance review emphasizes digital banking expansion, financial inclusion, and stronger asset quality in rural areas.
Review of the performance of North-Eastern Regional Rural Banks focused on business results, implementation of Government and State schemes, and the operational priorities expected of the sector. The Secretary, Department of Financial Services noted the role of RRBs in the rural economy, their wide rural presence, public trust, and the need to sustain improvement in profits, asset quality, and loan diversification. The review also highlighted sponsor bank support, digital banking expansion, and deeper financial inclusion in unbanked and underserved rural areas.
May 27, 2026
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Bilateral trade cooperation deepens as India and Canada reaffirm CEPA talks, investment ties, and trade expansion goals.
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May 27, 2026
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Currency stability concerns shape rupee movement as crude prices, dollar demand and RBI policy expectations weigh on markets.
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May 27, 2026
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Money laundering investigation under the Prevention of Money Laundering Act led to searches over alleged improper CMRL payments.
Enforcement Directorate conducted searches at multiple premises in Kerala in connection with a money laundering investigation under the Prevention of Money Laundering Act, including premises linked to Cochin Minerals And Rutile Ltd and the residence of former chief minister Pinarayi Vijayan. The case concerns allegations that CMRL made payments to Exalogic Solutions despite no services being rendered, following a complaint by the Serious Fraud Investigation Office.
May 27, 2026
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LNG export deal supports Canada's trade diversification as Ksi Lisims advances toward investment decision.
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May 26, 2026
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Comprehensive economic partnership negotiations between India and Canada move toward early conclusion, covering goods, services and investment.
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May 26, 2026
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Perpetual lease termination and due process concerns arise over proposed possession of Delhi Gymkhana Club premises.
Termination of the Delhi Gymkhana Club's perpetual lease and the proposed handover of the premises were challenged on the ground that the stated defence-infrastructure rationale lacked genuine public purpose, that the action was contrary to Article 300A, and that compensation had not been addressed. The Centre stated that any eviction would be undertaken only in accordance with law and after due notice, with compensation possibly by money or alternative land. In view of that statement and the absence of material showing eviction proceedings, no interim directions were considered necessary at that stage.
May 26, 2026
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Money laundering investigation linked to alleged drug smuggling syndicate prompts searches in Chennai and Madurai.
Enforcement Directorate searches were conducted in Chennai and Madurai in a money laundering investigation linked to an alleged syndicate said to have smuggled drugs from India to Sri Lanka by sea. The case arises from Directorate of Revenue Intelligence cases concerning seizure of hashish from a fishing boat and recovery of methamphetamine at Madurai railway station. Britto was described as the alleged mastermind of the syndicate, with fishermen and boat owners allegedly used for transportation through Indian waters.
May 26, 2026
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Geopolitical uncertainty drives gold lower as investors await peace talks, inflation data, and central bank signals.
Gold prices declined in the domestic market as investors moved toward the US dollar amid renewed uncertainty over West Asia peace talks and military tensions between Washington and Tehran. Silver moved higher, leaving precious metals in a state of consolidation, while market participants stayed cautious and awaited clearer geopolitical signals. Analysts said crude oil, inflation expectations, Treasury yields, and upcoming US economic data would influence near-term bullion movement.
May 26, 2026
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Perpetual lease termination and eviction process challenged as the High Court declines interim restraint pending due process assurances.
Centre's termination of Delhi Gymkhana Club's perpetual lease and proposed eviction were challenged as lacking genuine public purpose and as threatening forced dispossession. The High Court, noting the government's assurance that possession would not be taken by force and that any eviction would follow due process and prior notice, refused interim restraint at that stage, issued summons, and deferred issues including locus, prior notice and the legality of the lease termination.
May 26, 2026
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Pre-packaged insolvency resolution process listing approval marks a milestone in Lord's Mark Industries' transformation and market debut.
Lord's Mark Industries Ltd. received stock exchange listing approval under the IBC scheme of Pre-Packaged Insolvency Resolution Process (PPIRP), described as the first such approval for a company in India. The approval is linked to the company's planned public market debut and broader transformation strategy. The company says the milestone follows strategic rebuilding and institutional strengthening, and supports its next phase of expansion in healthcare, renewable energy, infrastructure and advanced technologies, with emphasis on resilience, governance, innovation and long-term value creation.

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Customs & Trade

Kings Infra Reports Strong FY 2025-26 Performance Revenue grows 30.13% to INR 162.15 Crore | PAT rises 24.41% to INR 16.36 Crore | EPS at INR 6.68

June 1, 2026

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Kochi, Kerala | 1st June 2026: Kings Infra Ventures Limited (BSE: 530215), a pioneer in integrated aquaculture, seafood solutions, and infrastructure development, today announced its audited financial results for the quarter and financial year ended 31st March, 2026. The Company delivered a robust performance across all key metrics, registering revenue of ₹162.15 Crore — a growth of 30.13% over the previous financial year — while maintaining consistent expansion in profitability. The last quarter of the financial year commenced against the backdrop of the unfortunate passing of Late Mr. Shaji Baby John, the Company's founding Chairman and Managing Director, whose vision and leadership shaped Kings Infra over nearly four decades. Under the stewardship of Mr. Baby John Shaji, Managing Director, the Company navigated this transitional phase with resilience, redirecting its focus toward its core competencies of Aquaculture and Exports, resulting in strong farm-level performance during the year.

"We dedicate the results of this financial year to the memory of Late Mr. Shaji Baby John, whose unwavering commitment to building a world-class aquaculture enterprise laid the very foundation we stand on today. The Board's trust and our team's resolve allowed us to stay focused on what we do best. Our farms performed well, our financial discipline improved, and we enter FY 2026–27 with a clear, five-pillar execution framework that we believe will unlock the next chapter of Kings Infra's growth story." — Mr. Baby John Shaji, Managing Director, Kings Infra Ventures Limited FINANCIAL PERFORMANCE Revenue from operations for FY 2025–26 grew to ₹162.15 Crore, up 30.13% from ₹124.63 Crore in FY 2024–25. In Q4 FY 2025–26 alone, the Company reported net revenue of ₹46.85 Crore, a 44.77% improvement over ₹32.36 Crore in the corresponding quarter of the prior year.

EBITDA for the full year stood at ₹30.98 Crore, expanding 27.22% from ₹24.35 Crore in FY 2024–25, with Q4 EBITDA registering ₹9.39 Crore against ₹6.12 Crore previously — a 53.43% increase. This improvement reflects disciplined cost management alongside volume growth.

Profit Before Tax (PBT) rose 25.78% year-on-year to ₹22.30 Crore, while Profit After Tax (PAT) grew 24.41% to ₹16.36 Crore. Earnings Per Share (EPS) advanced to ₹6.68 in FY 2025–26, from ₹5.37 in the preceding year.

BUSINESS & OPERATIONAL UPDATE The Company's strategic decision to focus on its core competencies — Aquaculture and Exports — yielded tangible results during FY 2025–26. Farm-level operations recorded strong performance during the year, supported by the Company's proprietary farming protocols and robust supply chain partnerships.

On the export front, while geopolitical tensions and global trade disruptions posed headwinds, the Company remains optimistic about the near-term outlook. The Free Trade Agreement between India and the European Union, expected to come into effect by 2027 – a development that is anticipated to provide a meaningful fillip to the Company's export business in European markets, a segment where Kings Infra has established brand presence through its premium offerings.

STRATEGY FOR FY 2026–27: THE SCDMO EXECUTION FRAMEWORK The Managing Director presented the Company's strategic blueprint for FY 2026–27 to the Board of Directors, anchored in a five-pillar execution framework — Synergise, Consolidate, Digitise, Monetise, and Optimise (SCDMO). The Board reviewed and expressed its concurrence with the framework, which is designed as a compounding flywheel where each pillar reinforces the next.

Under Synergise, the Company will pursue strategic alliances with like-minded exporters, value-added processing partners, domestic distribution incumbents, and aquaculture technology firms — multiplying capability without proportionate cost.

Consolidate involves rationalising the vendor base, focusing on high-value customer relationships, and driving lean operations to protect EBITDA margins.

Digitise will see deployment of technology at the farm level, including micro-bubble aerators, auto-feeders, and real-time monitoring systems, alongside ERP integration for end-to-end supply chain visibility and strengthened traceability for international buyer compliance.

Monetise will unlock latent value from the Company's land holdings, aquaculture expertise, and brand equity through consulting, managed farm contracts, and new export SKUs.

Optimise — the continuous thread running through all pillars — will institutionalise a culture of stringent performance reviews and resource utilisation tracking across all business units.

"Our FY 2025–26 financials reflect the strength of our core aquaculture business and our team's ability to deliver consistent growth even in a challenging year. With revenues crossing ₹162 Crore and PAT at ₹16.36 Crore, we have demonstrated that our fundamentals are sound. The EU FTA, combined with our SCDMO framework, gives us confidence in accelerating both topline and margin improvement in FY 2026–27." — Mr. Lalbert Cherian, Chief Financial Officer, Kings Infra Ventures Limited ABOUT KINGS INFRA VENTURES LIMITED Kings Infra Ventures Limited (BSE: 530215 | CIN: L05000KL1987PLC004913) is a BSE-listed company headquartered in Kochi, Kerala. Incorporated in 1987, the Company pioneered India's first integrated semi-intensive aquaculture project and has since evolved into a technology-enabled, professionally managed aquaculture and seafood solutions provider with a strong focus on sustainability, traceability, and innovation. The Company operates across aquaculture farming, seafood processing, exports, domestic marketing, and infrastructure development.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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