India NCLT Insolvency Resolution Filings — March 17, 2026

17-03-2026

The National Company Law Tribunal (NCLT), Ahmedabad Bench, approved the Scheme of Amalgamation between Lyka Exports Limited (Transferor Company) and Lyka Labs Limited (Transferee Company) on March 16, 2026, with an appointed date of April 1, 2022. This follows a prior intimation on February 20, 2026, regarding Company Petition CP (CAA) No. 58 of 2024. Lyka Labs Limited will file e-form INC-28 with the Registrar of Companies within 30 days of receiving the order.

• ·BSE Scrip Code: 500259
• ·NSE Symbol: LYKALABS
• ·Company Petition: CP (CAA) No. 58 of 2024
• ·NCLT: Ahmedabad Bench

17-03-2026

Kansai Nerolac Paints Limited approved the allotment of 1,33,538 equity shares of face value Re. 1 each on March 17, 2026, pursuant to the exercise of Restricted Stock Units under the RSU Plan 2022. This allotment increases the total issued equity shares to 80,86,58,273 and total share capital to ₹80,86,58,273. No premium, lock-in, or share certificates are applicable.

• ·Distinctive numbers of allotted shares: 80,85,24,736 to 80,86,58,273
• ·ISIN Number: INE531A01024
• ·Exercise price per share: Re. 1 each; no premium

17-03-2026

Wipro Limited and Harness announced a strategic collaboration on March 17, 2026, to accelerate AI-native software delivery for global enterprises by integrating Wipro’s agent-native delivery platform WEGA (part of Wipro Intelligence™) with Harness’ AI Software Delivery Platform. The partnership aims to modernize software development, automate releases, reduce deployment risks, and enhance speed, reliability, and governance amid rising AI adoption complexities. No financial impacts or performance metrics were disclosed.

• ·Harness customers report up to 75% faster releases, 60% cloud cost reductions, and 10x DevOps efficiency.
• ·Harness backed by Goldman Sachs, Menlo Ventures, IVP, Unusual Ventures, and Citi Ventures.
• ·Wipro operates across 65 countries with business partners.

17-03-2026

Mercantile Ventures Limited submitted the Scrutinizer's report confirming unanimous approval (100% in favor) by 14 unsecured creditors, representing a total value of ₹2.16 Cr, for the Scheme of Amalgamation with India Radiators Limited at the NCLT-convened meeting on March 13, 2026. No votes were cast against the scheme. The approval follows NCLT directions dated February 2, 2026, with prior disclosures on the amalgamation scheme.

• ·Cut-off date for unsecured creditors: September 30, 2025
• ·Remote e-voting period: March 10, 2026 (9:00 AM) to March 12, 2026 (5:00 PM IST)
• ·Meeting held via Audio-Visual mode (OAVM) on March 13, 2026 at 1:00 PM
• ·NCLT order date: February 2, 2026 in CA(CAA)/103/CHE/2025
• ·No proxies used; no objections raised by any unsecured creditor

17-03-2026

Mahindra & Mahindra Limited held a physical Investor Meeting in Mumbai on March 17, 2026, with funds and investors, concluding at 3:30 p.m. IST. The meeting referenced the Q3F26 Analyst Meet presentation deck from February 11, 2026, previously submitted to stock exchanges and available on the company's website. No unpublished price-sensitive information was shared.

• ·Advance intimation of meeting schedule provided via letter dated March 10, 2026.
• ·Presentation weblink: M&M Q3F26 Analyst Meet – Presentations deck – 11th February 2026.

17-03-2026

Adani Power Limited's Board approved the superannuation of Mr. Deepak S Pandya as Company Secretary and Compliance Officer effective March 31, 2026, after over a decade of service since August 2015. Mr. Puneet Bansal, a seasoned professional with over three decades of experience in corporate governance and M&A, will assume the role from April 1, 2026. This routine transition ensures continuity in key managerial personnel without any reported disruptions.

• ·Board meeting held on March 17, 2026, commencing at 5:00 p.m. and concluding at 6:35 p.m.
• ·Deepak S Pandya appointed as Company Secretary in August 2015.
• ·Puneet Bansal joined Adani Group in 2021 as Group Head – Governance & Secretarial.

17-03-2026

ICICI Bank Limited allotted 243,921 equity shares of face value ₹2 each on March 17, 2026, under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors at 10:46 a.m., based on powers delegated by the Board of Directors on October 21, 2023. The notice was issued by Prashant Mistry, Associate Leadership Team.

• ·Approval time: 10:46 a.m. on March 17, 2026

17-03-2026

Maruti Suzuki India Limited's investor presentation on March 17, 2026, highlighted record FY24-25 production of 2.1 million units (+6% YoY) and stable market share around 40%, with FY24-25 at 40.6% and Oct-Dec 2025 at 40.7% (+122% volume growth). 9M FY25-26 net sales grew 8.6% YoY to ₹1,349 Bn while operating profit rose 9.6% to ₹146 Bn; however, Apr-Dec 2025 market share dipped slightly to 39.1%. The presentation outlined strategies under the 'By Your Side' Medium-Term Plan, including SUV expansion and new mobility initiatives.

• ·Kharkhoda Plant SOP in 2025 with annual capacity ~4 million units.
• ·Gujarat Hansalpur Plant start of BEV e VITARA exports in August 2025.
• ·CY2025 Indian automotive market reached 5.14 million units, third-largest globally.
• ·Household income forecast: Middle-income segment (₹5-30L) to grow from 91M (2020-21) to 165M (2030-31).
• ·GST revisions from Sep 22, 2025, led to price reductions up to 9.9% for certain segments.

17-03-2026

Tata Consultancy Services (TCS) launched the Rapid Outcome AI platform powered by NVIDIA on March 17, 2026, designed to accelerate enterprise AI deployment from experimentation to production across sectors including manufacturing, telecommunications, banking, retail, and life sciences. The platform leverages NVIDIA's AI infrastructure, including Omniverse, NIM microservices, and Metropolis, for predictive analytics, generative AI, operational intelligence, and persona-based experiences to enhance autonomy and productivity. TCS is expanding its NVIDIA partnership through a dedicated business unit, joint go-to-market initiatives, and showcasing at NVIDIA GTC 2026.

• ·Company inception: 1968
• ·Corporate Identity No. (CIN): L22210MH1995PLC084781
• ·Registered office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021
• ·TCS aspiration: world's largest AI-led technology services company

17-03-2026

Sumeet Industries Limited has been declared the successful bidder (H1) for the acquisition of Nakoda Limited's Phase-3 Chips Manufacturing Plant under slump sale via the Corporate Insolvency Resolution Process (CIRP) under IBC, 2016, at a total consideration of ₹23.47 Cr. This acquisition includes land (11,534 sq. meters) and plant & machinery at Village Karanj, Surat, Gujarat, expanding the company's Polyester Chips production capacity by approximately 400 Tons per day. The Board also approved the Draft Letter of Offer for a proposed Rights Issue of Equity Shares.

• ·E-Auction conducted on 09 March 2026 via EBKRAY/BAANKNET platform.
• ·Letter of Intent dated 11.03.2026; acquisition to complete within 180 days from 17.03.2026 subject to approvals.
• ·Nakoda Limited incorporation date: 13.08.1984; under CIRP with Liquidator appointed by NCLT Ahmedabad on 08 February 2023.
• ·Assets located at Village Karanj, Tal Mandvi, District Surat, Gujarat-394110.
• ·Board meeting held on 17.03.2026 from 11:00 A.M. to 12:35 P.M.

17-03-2026

Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited, has launched UPI-based cash withdrawal services through its Business Correspondent (BC) touchpoints, enabling cardless cash access via QR code scanning for rural and semi-urban customers. This initiative aims to bridge digital payments with physical cash needs, enhancing financial inclusion without traditional ATMs or debit cards. No financial metrics or performance data were disclosed in the announcement.

• ·JPBL incorporated in November 2016 with RBI approval under Banking Regulation Act, 1949.
• ·JFSL operates as a Core Investment Company (CIC) with 50:50 JVs with BlackRock for asset/wealth management and broking, and with Allianz for reinsurance and potential insurance.
• ·JioFinance app offers loans, savings accounts, investments, UPI, bill payments, recharges, digital insurance, and financial tools.

17-03-2026

Adani Enterprises Limited (AEL) has received oral approval from the Hon’ble NCLT Allahabad Bench on March 17, 2026, for its resolution plan dated October 14, 2025 (with clarifications on November 5, 2025) in the corporate insolvency resolution process of Jaiprakash Associates Limited. This follows a letter of intent issued on November 19, 2025, identifying AEL as the successful resolution applicant. A detailed disclosure will be made upon availability of the written order, with implementation potentially involving Adani group entities or SPVs.

• ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
• ·Prior disclosure on November 19, 2025 regarding letter of intent
• ·NCLT order under Section 31 of Insolvency and Bankruptcy Code, 2016

17-03-2026

The Hon’ble NCLT Allahabad Bench orally pronounced an order on March 17, 2026, approving the resolution plan dated October 14, 2025 (with clarifications dated November 5, 2025) submitted by Adani Enterprises Limited for Jaiprakash Associates Limited under Section 31 of the IBC. The plan mandates delisting of all existing securities, NIL consideration to shareholders, and complete cancellation of pre-CIRP share capital (including equity, preference shares, and convertible instruments) for zero value on the Effective Date (within 90 days of NCLT approval). A detailed disclosure will follow upon receipt of the written order.

• ·Prior disclosure dated November 27, 2025 regarding application for resolution plan approval.
• ·Scrip Codes: 532532 (BSE), JPASSOCIAT (NSE).
• ·Liquidation value insufficient to satisfy secured creditors in full, per Successful Resolution Applicant.

17-03-2026

Ecom Express Limited, a subsidiary of Delhivery Limited, received a GST order dated March 16, 2026, from the Deputy Commissioner, Lucknow, confirming a tax demand of ₹52.79L, interest of ₹61.78L, and penalty of ₹52.79L for FY 2019-20 due to disallowance of input tax credit. While the total demand amounts to approximately ₹1.67 Cr, Delhivery states there is no material impact on the financials, operations, or other activities of Ecom or the Company, and an appeal will be filed.

• ·Order issued under Section 74 of CGST Act, 2017 / UP GST Act, 2017
• ·Demand relates to disallowance of input tax credit for FY 2019-20

17-03-2026

Hon’ble NCLT Allahabad Bench orally pronounced an order on March 17, 2026, approving the resolution plan submitted by Adani Enterprises Ltd. for the insolvency of Jaiprakash Associates Limited (promoter of Jaiprakash Power Ventures Limited). The plan mandates delisting of JAL securities, NIL consideration to existing shareholders, and complete cancellation of pre-CIRP share capital for zero value, marking a total wipeout for shareholders with no positive payout or recovery indicated.

• ·Previous disclosures: June 3, 2024 (JPVL) and November 27, 2025 (JAL)
• ·Resolution plan dated October 14, 2025, with email clarifications dated November 5, 2025
• ·Scrip codes: JPVL (NSE: JPPOWER, BSE: 532627); JAL (NSE: JPASSOCIAT, BSE: 532532)
• ·Effective Date: not later than 90 days from NCLT approval
• ·Detailed written order disclosure to follow upon availability

17-03-2026

Shilpa Medicare Limited has intimated the receipt of NCLT Bangalore's certified true copy order dated February 27, 2026, approving the Scheme of Amalgamation of its wholly owned subsidiary, Shilpa Therapeutics Private Limited, into the parent company, effective from the appointed date of April 1, 2025. The scheme was approved by requisite majorities in creditor meetings, with no objections received from regulators. However, the subsidiary is loss-making, and both entities have pending statutory dues (₹3.59 Cr for Shilpa Medicare) and MSME payments (₹53.13 L for Shilpa Medicare).

• ·NCLT order delivered on February 27, 2026; certified copy received March 16, 2026.
• ·Board approval of scheme on June 21, 2023; first motion order May 2, 2024; creditor meetings July 2, 2024.
• ·Regional Director noted need for NOC from charge holders, SEBI/stock exchanges, IT authorities, and undertakings for settling dues and employee interests.
• ·Transferor company originally incorporated April 2, 2004; transferee November 20, 1987.