PRE-MARKET INDIAN STOCK NEWS: Earnings including Aurobindo Pharma, GAIL India, ITC, LG Electronics India, LIC & Welspun Corp

Adani Total Gas (ATGL IS) - Co. appointed Sanjay Pandita as CEO, effective May 22, 2026. (Economic Times)Aurobindo Pharma (ARBP IS) - Co. Q4 (INR) net rose 2% Y/Y to 9.213bln, rev. rose 5.6% Y/Y to 88.533bln. (Moneycontrol)Eicher Motors (EIM IS) - Co.’s board approved an investment of up to INR 7.50bln to subscribe to a 50% equity stake in Volvo Financial Services India and form a new equal joint venture. (Economic Times)Fino Payments Bank (FINOPB IS) - Co.’s board accepted Rishi Gupta’s resignation after finding him fit and proper to lead the lender as managing director and CEO for a second term. (Economic Times)GAIL India (GAIL IS) - Co. Q4 (INR) net fell 15% Q/Q to 14.85bln. (Economic Times)Indian Overseas Bank (IOB IS) - Co.’s board approved raising up to INR 50.00bln through an FPO, rights issue, QIP or preferential issue, the issuance of 100mln shares to employees and Basel III-compliant Tier II bonds of up to INR 10.00bln. (Moneycontrol)ITC (ITC IS) - Co. Q4 (INR) net rose 5% Y/Y to 51.13bln, dividend INR 8/shr. (Economic Times)LG Electronics India (LGEL IS) - Co. Q4 (INR) net fell 8% Y/Y to 6.93bln, rev. rose 8% Y/Y to 80.54bln. (Economic Times)LIC (LICI IS) - Co. Q4 (INR) net rose 23% Y/Y to 234.67bln, dividend INR 10/shr. (Economic Times)Maruti Suzuki India (MSIL IS) - Co. will increase prices across its vehicle portfolio by up to INR 30k from June 2026 due to rising input costs and inflationary pressures. (Economic Times/Moneycontrol)Max Healthcare Institute (MAXHEALTH IS) - Co. Q4 (INR) net rose 7% Y/Y to 3.42bln, rev. rose 12% Y/Y to 21.43bln. (Economic Times)One 97 Communications (PAYTM IS) - SAIF Partners may sell 8.6mln shares, representing a 1.3% stake in the Co., via block deals at a floor price of INR 1,120.65/shr. (Moneycontrol)Reliance Industries (RIL IS) - Co. refuted in the Supreme Court the Centre’s claim that it and two offshore partners allegedly siphoned gas from the Krishna-Godavari basin deposits that migrated from ONGC’s gas field. (Economic Times)State Bank of India (SBIN IS) - Co. staff under the All India State Bank of India Staff Federation threatened a two-day nationwide strike from May 25 over demands including recruitment of adequate employees. (Economic Times)Welspun Corp (WLCO IS) - Co. Q4 (INR) net fell 47% Y/Y to 3.704bln, rev. rose 9.9% Y/Y to 43.126bln. (Moneycontrol)