India NCLT Insolvency Resolution Filings — March 31, 2026

31-03-2026

Reliance Industries Limited announced the closure of its Trading Window, commencing from April 1, 2026, pursuant to the Company’s code of conduct to regulate trading by designated persons and their immediate relatives. The window will remain closed until 48 hours after the financial results for the financial year ending March 31, 2026, become generally available information. This is a standard regulatory disclosure ahead of earnings announcement.

• ·Scrip Code: 500325
• ·Trading Symbol: RELIANCE
• ·CIN: L17110MH1973PLC019786
• ·Registered Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai-400 021, India

31-03-2026

Dr. Patrick J. Ennis (DIN: 07463299) and Mr. Patrick Dupuis (DIN: 07480046), Independent Directors of Wipro Limited, will retire from the Board effective close of business on March 31, 2026, upon completion of their tenure under Section 149(11) of the Companies Act, 2013. The Nomination and Remuneration Committee and Stakeholders Relationship Committee (formerly Administrative and Shareholders/Investors Grievance Committee) have been re-constituted effective April 1, 2026, with Ms. Tulsi Naidu as Chairperson of the former and Mr. Deepak M Satwalekar as Chairman of the latter.

• ·Retirement due to completion of tenure under Section 149(11) of the Companies Act, 2013.
• ·No relationships disclosed between directors.
• ·Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

31-03-2026

Apollo Healthco Limited (AHL), a material unlisted subsidiary in which Apollo Hospitals Enterprise Limited holds a 78.88% equity stake, has acquired 100% (90,000 equity shares) of Apollo Consumer Products Limited (ACPL) for ₹9.00 Lakh at par value (INR 10 per share). ACPL, incorporated on March 11, 2026, is a newly formed entity yet to commence operations, targeting FMCG business including trading, distribution, and sale of consumer goods via retail, e-commerce, and D2C channels. The acquisition has no significant impact on the listed entity due to its small size.

• ·ACPL date of incorporation: March 11, 2026
• ·ACPL turnover: Not applicable (newly incorporated, yet to commence operations)
• ·No governmental or regulatory approvals required
• ·Transaction completed and at arm's length, falls within related party transactions

31-03-2026

Asahi Industries Limited has implemented its approved Resolution Plan, with management and control handed over to Safex Realtor Private Limited effective March 24, 2026, following the NCLT Mumbai Bench order dated November 13, 2020. The revised shareholding structure allocates 75% to Safex Realtor Private Limited and 25% to public shareholders, while the existing board has been vacated for reconstitution by the new owner. Further implementation steps, including RoC filings and new director details, are in process.

• ·NCLT Mumbai Bench order dated 13/11/2020 approving Resolution Plan
• ·Scrip Code: 514482
• ·ISIN: INE745101015
• ·CIN: L17120MH1993PLC073267

31-03-2026

Crisil Ratings has assigned a Crisil AA/Stable rating to additional bank loan facilities of ₹12,000 Cr for Adani Power Limited and reaffirmed the Crisil AA/Stable rating for existing bank loan facilities of ₹46,000 Cr and proposed Non-Convertible Debentures (NCDs) of ₹11,000 Cr, totaling ₹69,000 Cr. The rating reflects APL’s robust credit risk profile, supported by its strong market position, large and diversified portfolio, and healthy business risk profile with high capacity and fuel tie-ups. No declines or flat metrics were reported in the disclosure.

• ·Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
• ·Information updated on company website: www.adanipower.com.
• ·CIN: L40100GJ1996PLC030533.

31-03-2026

Windsor Machines Limited announced the effectiveness of the Scheme of Amalgamation of its wholly owned subsidiary Global CNC Private Limited into itself from March 31, 2026, after filing the NCLT Ahmedabad order dated March 19, 2026 with the ROC, with an Appointed Date of April 1, 2025. The scheme simplifies the group structure by consolidating assets, liabilities, operations, and resources, leading to synergies, cost savings, reduced compliances, and enhanced stakeholder value. The company's Memorandum of Association has been amended for objects (Clause III) and authorized share capital (Clause V).

• ·Appointed Date: 01.04.2025
• ·NCLT Order Date: 19.03.2026
• ·Scheme Effective Date: 31.03.2026
• ·Face value of equity shares - Transferee Company: Rs. 2/- each
• ·Face value of equity shares - Transferor Company: Rs. 10/- each (to be subdivided/reclassified to Rs. 2/-)

31-03-2026

Maruti Suzuki India Limited received an Adjudication Order from the Haryana GST Authority on March 31, 2026, confirming a GST tax demand of Rs. 384.17 million along with applicable interest and an equal penalty of Rs. 384.17 million for the period April 2019 to March 2024, related to GST liability on Tax Credit Notes. The company plans to file an appeal against the order. The company states there is no major impact on its financial, operational, or other activities.

• ·Order pertains to GST liability on account of Tax Credit Notes
• ·Company will file an appeal to the first appellate authority

31-03-2026

Adani Enterprises Limited announced the incorporation of a new step-down wholly owned subsidiary, ADANI METALS AND MINERALS FZCO (AMAMF), by its UAE-based step-down subsidiary Adani Global FZE on March 31, 2026. AMAMF is engaged in trading pearls, precious stones, jewelry, non-manufactured precious metals, scrap and waste metals, metal ores, and base non-ferrous metals, with 100% shareholding held by Adani Global FZE. The entity was incorporated with a capital of AED 50,000 via cash consideration at face value.

• ·Confirmation of incorporation received on March 31, 2026 at 02:28 PM IST
• ·No governmental or regulatory approvals required for incorporation
• ·Shares subscribed at face value of Rs. 10 each via cash consideration

31-03-2026

Larsen & Toubro Limited completed the transfer of its L&T SuFin e-commerce platform business (pertaining to industrial and construction goods) to its wholly owned subsidiary, SuFin Limited, via slump sale on a going concern basis for a total consideration of ₹42.9 Cr, subject to post-closing adjustments. The Business Transfer Agreement was executed on February 24, 2026, and the transfer was finalized on March 31, 2026.

• ·Stock Codes: BSE - 500510, NSE - LT
• ·BTA execution date: February 24, 2026
• ·Transfer completion date: March 31, 2026

31-03-2026

Yes Bank Limited received an aggregate INR 210 crores from two separate trusts in the Security Receipts Portfolio related to the NPA loan portfolio sold to J. C. Flower ARC on December 17, 2022. The receipts were INR 110 crores and INR 100 crores respectively, each exceeding the underlying carrying value and the materiality threshold under Listing Regulations. This positive recovery is disclosed under Regulation 30 and hosted on the Bank's website.

• ·Disclosure pertains to earlier NPA portfolio sale on December 17, 2022
• ·Information hosted on www.yes.bank.in

31-03-2026

Sammaan Capital Limited allotted 33,00,00,111 equity shares at INR 139 each aggregating to INR 45,87,00,15,429 and 30,66,90,535 warrants (Tranche I: 8,68,92,966; Tranche II: 21,97,97,569) at INR 139 each to Avenir Investment RSC Ltd (IHC-owned), with INR 56,52,75,11,520.25 paid upfront including 25% on warrants. This transaction, approved by RBI on March 24, 2026, increases paid-up equity capital to INR 231,93,60,168.71 and positions the company as an IHC Group Company, with the investor set to become promoter post open offer.

• ·Securities Issuance and Investment Committee meeting held on March 31, 2026 from 10:00 A.M. to 10:45 A.M.
• ·Tranche I Warrants exercisable within 26 weeks of open offer expiry; Tranche II Warrants exercisable in one or more tranches until 18 months from allotment.
• ·Investor PAN: AAYCA9240R; Address: Office 3701 & 3712, Floor 37, Addax Port Office Tower, Tamouh, Al Reem Island, Abu Dhabi, UAE.
• ·Scrip Codes: BSE 535789, 890192; NSE SAMMAANCAP/EQ, SCLPP.
• ·Share Subscription Agreement dated October 2, 2025.

31-03-2026

Bharti Airtel Limited disclosed a notice from the Department of Telecommunications (DoT), Andhra Pradesh LSA, imposing a penalty of Rs. 6,80,000 for alleged violation of subscriber verification norms identified in the CAF Audit for February 2026. The company has opted not to contest the penalty and will pay it, with the financial impact limited solely to this amount. No operational disruptions are anticipated.

• ·Notice received on March 30, 2026 at IST 1732 Hrs.
• ·CAF Audit conducted for February 2026
• ·Violation pertains to License Agreement terms on customer verification in Andhra Pradesh LSA

31-03-2026

In the 8th Committee of Creditors meeting held on March 13, 2026, via e-voting for AGS Transact Technologies Limited under Corporate Insolvency Resolution Process (CIRP), M/s Mihen Halani and Associates were appointed as Practicing Company Secretary, and M/s Rutvik S Thakkar and Co. were appointed for due diligence under Section 29A of the Insolvency and Bankruptcy Code, 2016. The disclosure was filed on March 31, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015, by Deemed Resolution Professional Brijendra Kumar Mishra. No financial metrics or performance data were reported.

• ·IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257
• ·AFA Details: AA2/10257/02/311226/204257, Valid till 31.12.2026
• ·Process Email ID: agscirp@gmail.com
• ·BSE Scrip Code: 543451, NSE Scrip Symbol: AGSTRA

31-03-2026

TVS Motor Company Limited has closed the trading window for dealing in its securities (Equity scrip code: 532343 - TVSMOTOR; NCRPS scrip code: 717506 - TVSMNCRPS) from April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct for Designated Persons. The window will remain closed until 48 hours after the declaration of audited financial results for the quarter and financial year ending March 31, 2026. The Board Meeting date for considering these results will be intimated separately.

• ·Company CIN: L35921TN1992PLC022845
• ·Website: www.tvsmotor.com

31-03-2026

The Board of InterGlobe Aviation Limited (IndiGo) approved the appointment of Mr. William Walsh as Chief Executive Officer on March 31, 2026, subject to security clearance from the Ministry of Civil Aviation (MoCA), with him expected to join no later than August 3, 2026. Mr. Walsh, currently Director General of IATA and former CEO of British Airways and IAG, brings extensive aviation leadership experience. IndiGo operates a fleet of 400+ aircraft, around 2200+ daily flights connecting 95+ domestic and 40+ international destinations, and served 124 million customers in CY25.

• ·Board meeting held on March 31, 2026, commenced at 1055 hours IST and concluded at 1515 hours IST.
• ·Mr. Walsh's tenure at IATA ends on July 31, 2026.
• ·IndiGo named ‘Best Airline in India and South Asia’ by Skytrax at World Airline Awards 2025 and sixth Most Punctual Airline in Asia-Pacific in 2025 by Cirium.