India NCLT Insolvency Resolution Filings — May 01, 2026

01-05-2026

Hon’ble NCLT, Chandigarh Bench, sanctioned the Scheme of Amalgamation of Cigniti Technologies Limited into Coforge Limited on April 29, 2026, with Appointed Date of April 01, 2025, completing the acquisition after regulatory clearances including CCI and SEBI. Post-acquisition integration has driven EBITDA margins from 11% to 19% in six quarters, top two clients' annual revenue from $25 million to $75 million (specifically $15M to $45M and $10M to $30M), and secured first large deals of $24 million (SW) and $62 million (NT). The combined entity forms a $2.5 Bn firm with $2 Bn AI-led Engineering, Data, and Cloud services core.

• ·Share Exchange Ratio: 1:1 (1 equity share of Coforge INR 2 face value for every 1 equity share of Cigniti INR 10 face value, post-stock split; equivalent to original 1:5 pre-split).
• ·Coforge held 54% of Cigniti's expanded share capital as on December 27, 2024.
• ·NCLT order pronounced following meetings directed on October 17, 2025; no secured creditors for Cigniti.

01-05-2026

The National Company Law Tribunal (NCLT), Chandigarh Bench, sanctioned the Scheme of Amalgamation of Cigniti Technologies Limited (Transferor Company) with Coforge Limited (Transferee Company) on April 29, 2026, with an Appointed Date of April 1, 2025, and a share exchange ratio of 1:1 (1 fully paid equity share of Coforge of INR 2 face value for every 1 fully paid equity share of Cigniti of INR 10 face value). The scheme received unanimous approval (99.95-100% in number and value) from all classes of equity shareholders and creditors of both companies during meetings held on December 6, 2025. Coforge previously held 54% of Cigniti's expanded share capital as of December 27, 2024, following acquisition of 72,35,865 shares for approximately INR 10,239 million.

• ·Cigniti authorised share capital: Rs. 36,00,00,000 (3,60,00,000 equity shares of INR 10 each)
• ·Coforge authorised share capital: Rs. 77,00,00,000 (38,50,00,000 equity shares of INR 2 each)
• ·Original share exchange ratio: 1:5 pre-stock split; revised to 1:1 post Coforge stock split effective June 4, 2025
• ·NCLT order uploaded on NCLT website; company to take necessary steps per scheme
• ·No secured creditors for Cigniti (dispensed by NCLT per BSE letter dated July 18, 2025)

01-05-2026

Bharti Airtel Limited has announced a Board of Directors meeting scheduled for May 13, 2026, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the fourth quarter and financial year ended March 31, 2026. In compliance with the Company's Code of Conduct for prohibition of Insider Trading and pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Trading Window for dealing in the company's securities is closed from April 1, 2026, to May 15, 2026 (both days inclusive). No financial metrics are disclosed in this notice.

• ·Meeting notice issued on May 1, 2026.
• ·Company CIN: L74899HR1995PLC095967.
• ·Registered Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram - 122015, India.

01-05-2026

Maruti Suzuki India Limited reported April 2026 production of 209,565 units, up 16.5% YoY from 179,956 units in April 2025, driven by strong growth in Mini cars (+82.7% to 17,745 units) and Utility Vehicles (+20.5% to 87,518 units). Passenger Vehicles totaled 206,097 units (+16.5% YoY), while Vans showed modest growth of 3.0% to 12,211 units and Super Carry increased 9.3% to 3,468 units.

• ·Passenger Cars sub-total: 106,368 units in April 2026 vs 92,290 in April 2025 (+15.2% YoY)

01-05-2026

Adani Enterprises Limited has informed exchanges about a scheduled one-to-one interaction with investors/analysts on May 06, 2026, in physical mode in Mumbai. The presentation for these meetings is available on the company's website at www.adanienterprises.com. This is pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

• ·Scrip Code BSE: 512599
• ·Scrip Code NSE: ADANIENT
• ·Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421
• ·CIN: L51100GJ1993PLC019067

01-05-2026

Tanla Platforms highlighted a strong cash position of ₹1,000 crores, new ATP deal with Bandhan Bank, and ₹300 crores revenue from new logos including 23% via WhatsApp and RCS, with Digital Platform segment achieving 98.2% gross margins. However, Digital Platform revenue reached ₹395 crores reflecting single-digit growth despite heavy investments in Wisely Ai, operating EBITDA margins stabilized at 16% after declines since FY22, and a ₹12 crores FX loss impacted the quarter due to USD-INR fluctuations. Management expects >10% annual revenue growth amid 8-10% industry CPaaS expansion and plans a major platform launch soon.

• ·Capex expected to continue at ₹100-150 crores per annum
• ·Gigantic new platform launch expected within next month
• ·Third ATP bank deal went live last month with one month billing in Q4 FY26
• ·Hedging policy under review to minimize future FX volatility

01-05-2026

Salasar Techno Engineering Limited (Transferee Company) has issued a notice for meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors on Friday, June 5, 2026, via VC/OAVM, to consider and approve the Scheme of Amalgamation with Hill View Infrabuild Limited (Transferor Company), as directed by the NCLT Allahabad Bench on April 6, 2026. Remote e-voting opens June 1, 2026 at 9:00 A.M. IST and ends June 4, 2026 at 5:00 P.M. IST, with cut-off dates of May 29, 2026 for shareholders and December 31, 2025 for creditors.

• ·Equity Shareholders meeting: June 5, 2026 at 12:00 Noon
• ·Secured Creditors meeting: June 5, 2026 at 03:00 P.M.
• ·Unsecured Creditors meeting: June 5, 2026 at 04:00 P.M.
• ·CIN: L23201UP2001PLC209751
• ·NSE Symbol: SALASAR; BSE Scrip Code: 540642

01-05-2026

The NCLT Ahmedabad Bench, vide orders dated April 20 and April 30, 2026, has directed convening of meetings on June 06, 2026 for equity shareholders and creditors of Meghmani Organics Limited (transferee), Kilburn Chemicals Limited (transferor 1), and Meghmani Crop Nutrition Limited (transferor 2) to approve the proposed Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013. All meetings will be held via Video Conferencing at specified times between 10:00 AM and 3:00 PM IST. Further details including notices and e-voting will be communicated to stakeholders and available on the company's website.

• ·Meghmani Organics Limited meetings: Equity Shareholders at 2:00 PM, Secured Creditors at 2:30 PM, Unsecured Creditors at 3:00 PM (June 06, 2026, VC).
• ·Kilburn Chemicals Limited meetings: Secured Creditors at 10:00 AM, Unsecured Creditors at 10:30 AM (June 06, 2026, VC).
• ·Meghmani Crop Nutrition Limited meetings: Secured Creditors at 11:30 AM, Unsecured Creditors at 12:00 Noon (June 06, 2026, VC).

01-05-2026

Mahindra & Mahindra Limited's subsidiary, Mahindra Electric Automobile Limited (MEAL), allotted equity shares upon conversion of Compulsorily Convertible Preference Shares (CCPS) held by investors BII India, BII Plc, and Temasek, at a total conversion value of Rs. 40,425 crore. This resulted in the allotment of 12,11,38,984 equity shares to BII India, 9,22,96,368 to BII Plc, and 13,84,06,768 to Temasek. The Company's shareholding in MEAL diluted from 99.99% to 92.45%, though MEAL remains a subsidiary.

• ·Equity shares have face value of Rs. 10 each; CCPS had face value of Rs. 1,000 each.
• ·Intimation received from MEAL on 1st May 2026 at 09:50 a.m.
• ·Prior references: letters dated 7th July 2022, 3rd August 2023, 16th May 2024, 30th December 2024.

01-05-2026

Oil and Natural Gas Corporation Limited (ONGC) disclosed changes in senior management (one level below the Board) effective May 1, 2026, due to superannuation of two Executive Directors: Rajan Asthana and Shibu Augustine Manuel. The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, and addressed to NSE and BSE.

• ·Symbol: ONGC (EQ on NSE); BSE Security Code: 500312, NCD: 959881
• ·Registered Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070
• ·CIN: L74899DL1993GOI054155
• ·Website: www.ongcindia.com; Email: secretariat@ongc.co.in

01-05-2026

Infosys Limited submitted applications to BSE Limited and National Stock Exchange of India Limited for re-classification of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal from 'Promoter and Promoter Group' to 'Public' category under Regulation 31A of SEBI LODR. This follows the Board's approval disclosed on April 30, 2026. The disclosure is pursuant to Regulation 31A(8) and will be available on the company's website www.infosys.com.

• ·Disclosure made in compliance with Regulation 30 of SEBI LODR.
• ·Digitally signed by Anur Gurugopala Raju Suryanarayana Manikantha, Company Secretary Membership No: A21918.

01-05-2026

Tata Motors Limited reported 28% YoY growth in total commercial vehicle sales to 34,833 units in April 2026 from 27,221 units in April 2025. Domestic sales rose 27.9% to 32,965 units, while international sales increased 28.2% to 1,868 units; segment-wise, SCV cargo and pickup led with 40.2% growth to 12,799 units, followed by Passenger Carriers (+22.6% to 5,743 units), HCV Trucks (+23.4% to 8,969 units), and ILMCV Trucks (+16.5% to 5,454 units). All categories and regions showed strong double-digit growth with no declines or flat performance.

• ·Name change to Tata Motors Limited effective 29 October 2025 following Composite Scheme of Arrangement sanctioned by National Company Law Tribunal, Mumbai Bench.
• ·Equity shares listed on BSE (Scrip code 544569) and NSE (Scrip code TMCV).
• ·Company operates in India and South Korea, with presence in Africa, Middle East, Latin America, Southeast Asia, and SAARC countries.

01-05-2026

PS IT Infrastructure & Services Limited, undergoing Corporate Insolvency Resolution Process (CIRP), submitted copies of newspaper advertisements (Form A under Rule 6) to BSE Limited on May 1, 2026, for the attention of creditors, classifying it as material information under listing regulations. The advertisements include public notices inviting claims from legal heirs and the public on mortgaged properties prior to potential sale or transfer under SARFAESI Act provisions. No financial performance metrics or resolutions were detailed, highlighting ongoing insolvency proceedings with no positive developments noted.

• ·IP Registration No. IBBI/IP-P00886/2017-2018/11483
• ·Newspaper notice publication invites claims within 15 days from deceased owners' heirs on specified flats/properties
• ·Properties located in areas like Mira Road, Thane; Vasai, Palghar; addresses detailed in Marathi notice

01-05-2026

Moody's Investors Service completed a periodic review on April 30, 2026, of InterGlobe Aviation Limited (IndiGo)'s Baa3 stable issuer rating, highlighting its dominant market position in India's domestic airline sector, cost-competitive operations, excellent liquidity, and ability to maintain long-term leverage below 3.5x. However, the rating incorporates near-term headwinds from geopolitical tensions (Middle East conflict), aggressive fleet expansion, aircraft groundings due to engine issues, and a relatively short operating history, with FY2027 viewed as an outlier and recovery expected by FY2028. IndiGo benefits from secure fuel supply, government measures limiting fuel price pass-through to 25% staggered in April, and ongoing FX hedging up to $3 billion ($1 billion hedged as of December 2025).

• ·Rating committee held on 27 April 2026.
• ·Principal methodology: Passenger Airlines (published December 2025).
• ·No credit rating action announced; ratings reassessed as appropriate.

01-05-2026

Adani Ports and Special Economic Zone Limited has informed about upcoming investor/analyst meetings, including a non-deal roadshow from May 6-8, 2026 in Mumbai and Singapore, and in-person interactions on May 11-12, 2026 in Mumbai. The presentation for these meetings has been uploaded on the company's website www.adaniports.com. Dates are subject to change due to exigencies.

• ·Scrip Code: 532921 (BSE), ADANIPORTS (NSE)
• ·Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
• ·Contact: Investor.apsezl@adani.com, Tel +91 79 2555 4444

01-05-2026

SKIL Infrastructure Limited has been under Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, following NCLT Mumbai's order, with Purusottam Behera appointed as Resolution Professional after CoC approval on November 3, 2025. The company notified NSE and BSE on April 30, 2026, of its failure to submit the mandatory Reconciliation and Share Capital Audit report for the quarter and year ended March 31, 2026, under SEBI Regulation 76, citing no cash flow or funds available. This ongoing insolvency has led to regulatory non-compliance with no resolution timeline provided.

• ·CIN: L36911MH1983PLC178299
• ·NSE Symbol: SKIL
• ·BSE Scrip Code: 539861
• ·NCLAT appeal: Company Appeal (AT) (Ins.) No. 244 of 2024
• ·RP contact: cirpskil@gmail.com, +917718851633
• ·RP IBBI Registration No: IBBI/IPA-002/IP-N00940/2019-20/12993 (Valid till Dec 31, 2026)

01-05-2026

Larsen & Toubro Limited received an ESG rating of 58 from NSE Sustainability Ratings & Analytics for FY2025, down from 63 in FY2024, categorized as 'Moderate' with pillar scores of Environment 54, Social 57, and Governance 65; Core ESG Rating is 51. While governance is strong (65) with better independent director representation and some environmental improvements like 12% lower GHG emissions and 16% reduced energy intensity, negatives include higher Scope 3 emissions, 6% increased water intensity, 71% rise in renewable energy consumption yet subpar performance, 79% drop in waste recycling, 71% more employee grievances, and 33 worker fatalities. A material event notes K-RIDE encashing ₹57 Cr bank guarantees due to contract default.

• ·Core ESG Rating for FY2025: 51 (Environment 37, Social 58, Governance 62), based on assured BRSR Core disclosures.
• ·Lost time incident rate low vs peers; permanent employees' health and accident insurance at par with industry norms.
• ·Frequency of customer complaints lower than benchmarks; domestic procurement rate lower than industry standards.