India Pre-Market Regulatory Roundup — March 22, 2026

21-03-2026

Classic Filaments Limited informed BSE Limited of the resignation of Mr. Jayanti Gaudani (DIN: 03571671) as Managing Director, effective from the close of business hours on March 22, 2026, pursuant to the successful completion of an Open Offer by acquirers Mr. Sumit Bansal, Mr. Vikash Bansal, and Mr. Arun Jindal, leading to a change in control and management. The resignation letter confirms no other material reasons and extends cooperation for a smooth transition. Bharat Patel (Director & CFO, DIN: 00249234) disclosed this under Regulation 30 of SEBI LODR Regulations on March 21, 2026.

• ·Stock Code: 540310
• ·CIN: L17114GJ1990PLC013667
• ·Resigning director holds no directorships or key managerial positions in any other listed entities
• ·Company address: Plot No.1, Priyanka House, Umiyadham Road, Varachha, Surat-395006

21-03-2026

Classic Filaments Limited's Board approved the resignation of five key personnel—including Director & CFO Bharat Patel, Non-Executive Promoter Director Amit Patel, Managing Director Jayanti Gaudani, and Independent Directors Bhavesh Dholiya and Arunaben Kachchhi—effective close of business on March 22, 2026, due to the successful completion of an Open Offer and resultant change in control. The Board simultaneously appointed a new leadership team: Vikkas Bansal as Chairman & Managing Director (Additional), Tarun Jain as Executive Director (Additional), Maneesh Gupta and Sushil as Independent Directors (Additional), Sathi Kundu as Woman Independent Director (Additional), and Ms. Priyanka as CFO, all effective March 21, 2026. This marks a complete overhaul of the board and management, signaling a shift in company control.

• ·Board meeting held on March 21, 2026, from 04:00 PM to 06:45 PM.
• ·All resigning directors confirmed no other material reasons for resignation beyond the Open Offer change in control.
• ·Vikkas Bansal has over 25 years experience in die casting and related industries; not related to other directors except Tarun Jain.
• ·Company CIN: L17114GJ1990PLC013667; Registered office: Plot No.1, Priyanka House, Umiyadham Road, Varachha, Surat-395006.

21-03-2026

Classic Filaments Limited's Board approved the resignation of five key personnel—Mr. Bharat Patel (Director & CFO), Mr. Amit Patel (Non-Executive Promoter Director), Mr. Jayanti Gaudani (Managing Director), Mr. Bhavesh Dholiya (Independent Director), and Mrs. Arunaben Kachchhi (Independent Director)—effective close of business on March 22, 2026, citing the successful completion of an Open Offer and consequent change in control and management. The Board simultaneously appointed six new leaders effective March 21, 2026: Mr. Vikkas Bansal as Chairman & Managing Director (Additional), Mr. Tarun Jain as Executive Director (Additional), Mr. Maneesh Gupta and Mr. Sushil as Independent Directors (Additional), Ms. Sathi Kundu as Woman Independent Director (Additional), and Ms. Priyanka as CFO. This represents a full leadership overhaul with no other material reasons disclosed for resignations.

• ·Board meeting held on March 21, 2026, from 04:00 PM to 06:45 PM.
• ·Resigning directors confirmed no other directorships in listed companies.
• ·New appointees affirmed not disqualified under Section 164 of Companies Act, 2013; Mr. Vikkas Bansal has 25+ years in die casting and related industries.

21-03-2026

The Board of The South Indian Bank Ltd. appointed Mr. Thomson Thomas (DIN: 06948598) as Additional Non-Executive Independent Director effective March 23, 2026, replacing Mr. V J Kurian (DIN: 01806859) who retires on March 22, 2026 after completing his term. Mr. Thomas, a 66-year-old Chartered Accountant with 39 years of experience in banking, finance, audit, taxation, and governance, will serve for 3 years subject to shareholder approval. No relationships with existing directors or debarments were noted.

• ·Event occurred on March 21, 2026 at 09.25 p.m.
• ·Scrip codes: NSE - SOUTHBANK, BSE - 532218
• ·CIN: L65191KL1929PLC001017
• ·Mr. Thomson Thomas served as Statutory Central Auditor to three banks and led audits of large corporate groups.

21-03-2026

The Board of Directors of The South Indian Bank Ltd. approved the elevation of seven senior management personnel to higher designations, effective April 1, 2026, as announced on March 21, 2026. Key changes include Mr. Anto George T promoted to Executive Vice President & Chief Operating Officer, Mr. Senthil Kumar to CGM & Chief Credit Officer, and Mr. Vinod Francis continuing as SGM & Chief Financial Officer. These internal promotions highlight leadership continuity with no disclosed relationships to directors.

• ·Board meeting held on March 21, 2026 at 09:25 p.m.
• ·None of the elevated personnel are related to any directors.
• ·All elevations due to change in designation; term of appointment not applicable.

21-03-2026

Sundaram-Clayton Limited invested ₹7.45 Cr to acquire 39,047 equity shares of Navia Two Power Private Limited through a rights issue at ₹10 face value and ₹1,897.02 premium per share, increasing its total shareholding from 11,628 to 50,675 shares (6.54% additional stake, total 18.17%). This investment complies with regulatory requirements for captive power consumption under Indian electricity laws. Navia, a special-purpose vehicle of Zelestra Group in renewable energy, was incorporated on 12 August 2024 and has nil turnover with no operations commenced.

• ·Navia CIN: U35106HR2024PTC124127, registered office at 3rd Floor, Tower 10B, DLF Cyber City, DLF QE, Gurgaon, Haryana – 122002
• ·Navia turnover: 2024-25 Nil; prior years NA
• ·Event occurred: 21 March 2026 at 09:00 p.m. (IST)
• ·No governmental or regulatory approvals required

21-03-2026

Kotak Mahindra Capital Company Limited (KMCC), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, has entered into agreements on March 21, 2026, to divest part of its shareholding in Infina Finance Private Limited, transferring a total of approximately 31% stake (9.90% + 12.10% + 8.99%) comprising 682,090 equity shares to Derive Trading and Resorts Private Limited, Bright Star Investments Private Limited, the Estate of Rakesh Jhunjhunwala through its Trusts, and KF Trust. Upon completion, subject to customary conditions precedent, KMCC's stake will reduce to 19.00%, resulting in Infina ceasing to be an associate company of the Bank.

• ·Scrip Code: 718495
• ·CIN: U67120MH1996PTC098584
• ·Transactions subject to customary conditions precedent

22-03-2026

M M Forgings Limited announced a Board of Directors meeting scheduled for March 25, 2026, to consider raising funds through issuance of equity shares or other eligible securities via permissible modes including Qualified Institutional Placement (QIP), increasing the Authorized Share Capital, and altering the Memorandum/Articles of Association, subject to shareholder and regulatory approvals. The company also plans to seek shareholder approval via Extra-Ordinary General Meeting or postal ballot. Trading Window for dealing in company securities is closed with immediate effect until 48 hours after the board meeting conclusion.

• ·NSE security code: MMFL –EQ
• ·BSE Security Code: 522241
• ·Company website: www.mmforgings.com
• ·Pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015
• ·Trading Window closure in line with SEBI (Prohibition of Insider Trading) Regulations, 2015