India MCA Insolvency Liquidation Filings — May 07, 2026

07-05-2026

The NCLT Mumbai Bench orally admitted on May 6, 2026, a petition filed by Reliance Alpha Services Private Limited under Section 7 of the IBC, alleging a financial debt of ₹353.79 Cr (including interest) from a 2019 Loan Agreement against Prime Focus Limited. The Company strongly disputes the claim, asserting no funds were disbursed under the agreement and that the Petitioner does not qualify as a financial creditor, with an appeal already filed at NCLAT seeking a stay; operations continue uninterrupted. A related dispute under a 2014 BTA is pending in Bombay High Court.

• ·Oral pronouncement informed to Company at 8:18 pm on May 6, 2026
• ·Written NCLT order awaited
• ·Appeal/application filed immediately before NCLAT seeking urgent stay
• ·Pending commercial suit by Company before Hon’ble Bombay High Court on BTA dispute
• ·Loan Agreement executed in 2019; BTA entered in 2014

07-05-2026

AGS Transact Technologies Limited, currently under Corporate Insolvency Resolution Process (CIRP), has disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, that the 12th meeting of its Committee of Creditors will be held on May 11, 2026, at 2:30 PM via video conferencing. The notice is issued by Brijendra Kumar Mishra, Deemed Resolution Professional with IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257. No financial outcomes or decisions from prior meetings are mentioned in this update.

• ·BSE Scrip Code: 543451; NSE Scrip Symbol: AGSTRA
• ·AFA Details: AA2/10257/02/311226/204257 (Valid till 31.12.2026)
• ·Process Email ID: agscirp@gmail.com

07-05-2026

Kopran Limited has issued a notice for an equity shareholders' meeting on June 3, 2026, via VC/OAVM, to approve the Scheme of Amalgamation merging Kopran Laboratories Limited into it, transferring all assets and liabilities. Post-scheme shareholding as of March 31, 2026, shows promoters increasing from 44.43% to 55.33% (+10.90%), while public shareholding decreases from 55.57% to 44.67% (-10.90%), though the company states no impact on public shareholders' rights or value. The scheme follows NCLT Mumbai order dated April 9, 2026, with observation letters from BSE (Feb 26, 2026) and NSE (Feb 27, 2026).

• ·Shareholders' meeting: Wednesday, June 3, 2026 at 10:00 A.M. IST via VC/OAVM.
• ·Remote e-voting: May 27, 2026 (9:00 A.M. IST) to June 2, 2026 (5:00 P.M. IST).
• ·NCLT Mumbai Bench order directing meeting: April 9, 2026.
• ·Annexures include valuation reports (Aug 2025), fairness opinion, financial extracts for FY ended Mar 31, 2025 and 9M ended Dec 31, 2025.

07-05-2026

Gala Global Products Limited conducted an Extra-Ordinary General Meeting (EGM) on May 7, 2026, via Video Conferencing, where shareholders approved the initiation of either Pre-Packaged Insolvency Resolution Process (PPIRP) or Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, signaling significant financial distress. The meeting, attended by 47 members, commenced at 11:30 A.M. IST and concluded at 12:03 P.M. IST, with voting via remote e-voting and e-voting during the meeting. This development indicates potential restructuring or liquidation risks with no offsetting positive financial metrics reported.

• ·Remote e-voting period: May 4, 2026, 09:00 A.M. IST to May 6, 2026, 05:00 P.M. IST.
• ·Cut-off date for shareholding eligibility to vote: May 1, 2026.
• ·EGM notice sent electronically on April 15, 2026.
• ·Scrip Code: 539228; Scrip Symbol: GGPL.
• ·All directors attended except Vipul Laxmichand Maru and Yagnik Kishorbhai Movaliya.

07-05-2026

Manaksia Coated Metals & Industries Limited has disclosed notices for separate meetings of Equity Shareholders, Unsecured Creditors, and Secured Creditors to approve the Scheme of Merger with JPA Snacks Private Limited (Transferor Company), pursuant to NCLT Kolkata Bench order dated April 24, 2026. The shareholders' meeting is scheduled for June 8, 2026 at 11:00 AM via VC/OAVM, with creditors' meetings on June 9, 2026 at 11:00 AM (Unsecured) and 2:00 PM (Secured). Remote e-voting for shareholders opens June 4, 2026 at 9:00 AM and ends June 7, 2026 at 5:00 PM, with cut-off date of June 1, 2026.

• ·Tribunal order directing meetings: April 24, 2026 (Company Application (CAA) No. 5/(KB)/2026)
• ·Shareholders cut-off date for e-voting: June 1, 2026
• ·Unsecured/Secured Creditors cut-off date: March 31, 2026
• ·Notices dispatched: May 7, 2026
• ·Scheme details available on company website (www.manaksiacoatedmetals.com) and NSDL (www.evoting.nsdl.com)

07-05-2026

Shree Hanuman Sugar & Industries Ltd., currently undergoing Corporate Insolvency Resolution Process (CIRP), has intimated BSE Limited about the 17th Committee of Creditors (CoC) meeting scheduled for May 8, 2026, at 4:00 P.M. The meeting will occur at 2nd Floor, Sanmati Plaza, G.S. Road, Guwahati, Assam 781005, and will be accessible via video conferencing and other audio-visual means. This disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.

• ·BSE CODE: 537709
• ·Resolution Professional Registration No.: IBBI/IPA-001/IPP00532/2017-2018/10957
• ·Meeting conducted under Insolvency and Bankruptcy Code, 2016

07-05-2026

Charms Industries Ltd has fixed May 20, 2026 as the Record Date to effect the reduction of its paid-up equity share capital from ₹4,10,61,000 (41,06,100 shares of ₹10 each) to ₹41,06,100 (41,06,100 shares of ₹1 each), pursuant to NCLT Ahmedabad order dated March 26, 2026 and ROC certificate dated April 21, 2026. The scheme cancels ₹31,46,530 capital reserve to write off accumulated losses, aiming to reflect a true balance sheet and share value without cash payouts or adverse effects on creditors. While this cleans up the balance sheet for better future reporting, it underscores prior accumulated losses indicating past operational challenges.

• ·Special resolution passed on 23/09/2024
• ·NCLT Petition: CP No. 4 of 2025
• ·Company CIN: L72900GJ1992PLC017494
• ·Scrip Code: 531327

07-05-2026

Indowind Energy Limited disclosed a modification to the NCLT Chennai order dated March 10, 2026, which approved the Scheme of Amalgamation of Ind Eco Ventures Limited (transferor) with Indowind Energy Limited (transferee) under Sections 230-232 of the Companies Act, 2013. The April 29, 2026 order records the Income Tax Department's NOC dated February 21, 2025, and Section 281 certificate dated July 14, 2025, while correcting the Appointed Date in Clause 11(iii) from April 1, 2023, to April 1, 2024, aligning with board approval. The modification was received by the company on May 6, 2026, with no financial impacts or performance metrics disclosed.

• ·Original NCLT order date: March 10, 2026
• ·Modification order date: April 29, 2026 (hearing at 10:30 A.M. via video conferencing)
• ·Income Tax NOC date: February 21, 2025
• ·Section 281 certificate date: July 14, 2025
• ·Corrected Appointed Date: April 1, 2024 (per board meetings on August 12, 2025)

07-05-2026

Viksit Engineering Ltd received listing approval from BSE Limited on May 6, 2026, for 2,37,500 fully paid-up equity shares of face value INR 10 each, totaling INR 23,75,000, allotted to promoters on a preferential basis pursuant to the NCLT Order dated February 11, 2025, and the approved Resolution Plan. The allotment was approved by the Board of Directors on March 27, 2026. The company will complete trading formalities and credit the shares to respective demat accounts.

• ·Scrip Code: 506196
• ·Disclosure under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
• ·References SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026