India NCLT Insolvency Resolution Filings — March 05, 2026

05-03-2026

Kansai Nerolac Paints Limited shared insights from a promoter-led conference call on India business strategy, noting stabilized but elevated competitive intensity in decorative paints due to entrants like Grasim, with listed companies showing slower growth as smaller players capture share; however, recovery in growth has been visible since October. In industrial coatings, the company highlighted its strong position with 8 manufacturing sites and 200-300 technical staff, expressing confidence against new competition like JSW-Akzo, while automotive OEM demand remains healthy post-GST at ~20% YoY but expected to moderate to 8-11% medium-term. Management targets 200 bps margin expansion via premiumization, efficiency, and expense optimization, with current mix >50% industrial and 45-50% decorative.

• ·Conference call held on February 26, 2026, at 12:30 p.m. IST
• ·Paint industry growth captured partly by smaller/new entrants, leading to lower reported growth for listed companies
• ·Automotive capacity expected to double by 2030, with rising SUV/large vehicle mix and exports supporting paint demand
• ·Construction chemicals penetration at 3/10 homes/buildings, implying 3x growth potential

05-03-2026

Impex Ferro Tech Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has provided prior intimation of its 25th Committee of Creditors (CoC) meeting scheduled for March 06, 2026, at 12:00 Hrs IST in hybrid mode (physical and virtual) at A.K. Sarawagi & Co., Kolkata. The disclosure complies with Regulation 30(2) read with sub-clause 16(g) of SEBI LODR Regulations, 2015. No financial outcomes or resolutions from the meeting are detailed in this filing.

• ·Scrip Code: 532614 (BSE); Scrip Symbol: IMPEXFERRO (NSE)
• ·Meeting venue: Poddar Court, 18, Rabindra Sarani, Gate-3, 5th floor Room No.4, Kolkata-700001
• ·IBBI Registration No.: IBBI/IPA-001/IP-P00171/2017-18/10340
• ·Authorisation for Assignment (AFA): AA1/10340/02/311226/107208, valid upto December 31, 2026
• ·Filing date: March 05, 2026

05-03-2026

InterGlobe Aviation Limited's ESOP Allotment Committee, in a meeting held on March 5, 2026 (1100-1115 IST), approved the allotment of 200 equity shares under the InterGlobe Aviation Limited Employee Stock Option Scheme 2023, at an exercise price of ₹10 per share. The shares carry distinctive numbers from 38,66,12,799 to 38,66,12,998 and ISIN INE646L01027. Post-allotment, total issued shares are 38,66,12,998 with paid-up share capital of ₹386.61 Cr.

• ·ISIN: INE646L01027
• ·NSE Symbol: INDIGO; BSE Scrip Code: 539448
• ·Par value per share: ₹10
• ·No lock-in on shares
• ·Shares identical to existing equity shares

05-03-2026

India Ratings and Research has assigned an IND AAA/Stable rating to TVS Motor Company Ltd's proposed ₹500 Cr non-convertible debentures (NCDs). The rating reflects strong market position (e.g., scooter market share at 28.5% in 10MFY26 from 18% in FY20), consolidated revenue growth to ₹374.6B in FY25 (+13.5% YoY from ₹329.9B), improving EBITDA margins to 9.9% (FY24: 9.2%), and robust credit metrics like 16.2x interest coverage. However, intense competition, macroeconomic headwinds, and ongoing losses from overseas subsidiaries (investments ₹86.24B till FY25) continue to drag profitability and ROCE.

• ·Capex FY25: ₹24.4B; planned FY26: ₹46B including EV platform and capacity expansion.
• ·Free cash flow FY25: negative ₹6.5B (deteriorated from negative ₹1.4B FY24).
• ·Standalone revenue FY25: ₹362.5B (+14.1% YoY from ₹317.8B FY24).
• ·Preference shares redemption due September 2026.
• ·Debt repayments: ₹8-9B FY26, ₹4.5-5B FY27.

05-03-2026

Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) allotted 12,500 Series I secured, rated, listed, taxable, redeemable NCDs of ₹1,00,000 face value each, aggregating ₹125 Cr at 8.8570% p.a. fixed coupon (quarterly), and 15,500 Series II NCDs aggregating ₹155 Cr at 9.20% p.a. fixed coupon (annually) on private placement basis on March 5, 2026. Series I is a re-issuance maturing December 9, 2030 (tenor ~4.77-5 years), while Series II is fresh issuance maturing March 5, 2036 (10 years). The NCDs are secured on a pari-passu basis with 1.1x minimum asset cover over hypothecated properties.

• ·Series I ISIN: INE148I07YH4 (Permanent), INE8148I0791 (Temporary)
• ·Series II ISIN: INE148I07YK8
• ·Board authorization: September 3, 2025; Committee resolution: February 27, 2026
• ·Security: Hypothecation on financial/non-financial assets and loan assets (pari-passu), excluding certain High Quality Liquid Assets

05-03-2026

SKIL Infrastructure Limited is under Corporate Insolvency Resolution Process (CIRP) admitted by NCLT Mumbai on February 1, 2024, with Purusottam Behera appointed as Resolution Professional following CoC approval on November 3, 2025. The company has not submitted the Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025, due to unpaid fees to NSDL, CDSL, and RTA, which have suspended BENPOS services. The RP intends to seek CoC approval for settling these dues to enable future compliance, requesting stock exchanges for relaxation.

• ·NCLAT interim stay on CoC constitution dated February 12, 2024
• ·NCLAT vacated stay and allowed appeal withdrawal on October 15, 2025
• ·NSE Symbol: SKIL; BSE Scrip Code: 539861
• ·RP Contact: cirpskil@gmail.com, +917718851633

05-03-2026

Wipro Limited's Board approved the appointment of Ms. Laura Marie Miller (DIN: 11546063) as an Additional Director in the capacity of Independent Director for a 5-year term from April 1, 2026, to March 31, 2031, subject to shareholder approval. Ms. Miller has over two decades of executive leadership in technology, AI, digital transformation, and data strategy, with prior roles at Macy’s as EVP and Chief Information and Data Officer, and current non-executive directorships at NCR Voyix and Ahold Delhaize. No relationships with other directors, and she is not debarred from holding directorships.

• ·Ms. Miller holds a Bachelor of Science in Information Systems Management and a Master of Science in Computer Systems Management from the University of Maryland.
• ·Previous board roles: Director at EVO Payments (during growth and acquisition by Global Payments) and LGI Homes.
• ·Current board roles: Chairs Risk Committee and serves on Audit Committee at NCR Voyix; Chairs Technology Committee and serves on Finance, Audit, and Risk Committees at Ahold Delhaize.

05-03-2026

Vas Infrastructure Limited held its 23rd Committee of Creditors (CoC) meeting on February 26, 2026, via video conferencing, with Canara Bank representing 100% of the voting share. The meeting noted progress since the prior meeting, approved minutes of the 22nd CoC meeting, and discussed an NCLT order dated February 3, 2026, directing Canara Bank to file an affidavit on a transaction audit that identified account fraud on February 17, 2026. No resolution plan approval status was updated.

• ·Previous CoC meeting (22nd) held on January 21, 2026; minutes circulated January 23, 2026.
• ·NCLT Mumbai Bench order dated February 3, 2026, requires Canara Bank authorized officer to appear in person and file affidavit on transaction audit evidencing diversion of borrowed funds.
• ·Account fraud identified by Canara Bank on February 17, 2026.
• ·RP registration: IBBI/IPA-002/IP-N000932/2019-20/12973, valid until December 31, 2026.

05-03-2026

TTK Prestige Limited informed stock exchanges about a meeting conducted with Nirmal Bang Institutional Equities on March 05, 2026, via Audio/Video Conference, pursuant to Regulation 30(6) of SEBI LODR Regulations, 2015. The interaction was with institutional investors/analysts. The notice was issued by Manjula K V, Company Secretary & Compliance Officer.

• ·Scrip Symbol: TTKPRESTIG (NSE), Scrip Code: 517506 (BSE)

05-03-2026

Jio Financial Services Limited subscribed to and was allotted 14,74,50,000 equity shares of ₹10 each in its joint venture Allianz Jio Reinsurance Limited for ₹147.45 crore, increasing the aggregate investment to ₹150 crore. The transaction is a related party deal conducted on an arm's length basis, with funds to be used for AJRL's business operations. No governmental or regulatory approvals were required.

• ·Investment executed at 2.13 p.m. on March 5, 2026
• ·Related party transaction with no interest from promoters, promoter group, or other group companies
• ·Further to prior disclosure dated September 9, 2025
• ·No governmental or regulatory approval required

05-03-2026

Adani Power Limited has intimated exchanges about scheduled one-on-one meetings with investors/analysts on March 9, 2026, through in-person interactions in Seoul, South Korea. The meeting date is subject to changes due to exigencies. This disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

• ·Scrip Code BSE: 533096; NSE: ADANIPOWER
• ·CIN: L40100GJ1996PLC030533
• ·Contact: Tel +91 79 2656 7555; Fax +91 79 2555 7177; info@adani.com

05-03-2026

The National Company Law Tribunal (NCLT), Bengaluru Bench, sanctioned the Scheme of Amalgamation of Shilpa Therapeutics Private Limited (wholly owned loss-making subsidiary) with Shilpa Medicare Limited (profit-making listed parent) on February 27, 2026, with an appointed date of April 1, 2023. The scheme was approved by requisite majorities in relevant creditor meetings, with no objections received from regulators or stakeholders. However, both companies have outstanding undisputed statutory dues (Transferor: ₹61.17 L; Transferee: ₹3.59 Cr) and MSME dues (Transferor: ₹25.60 L; Transferee: ₹53.13 L), which require settlement.

• ·Board of Directors approved the scheme on June 21, 2023.
• ·First Motion order dated May 2, 2024; Second Motion petition filed August 26, 2024.
• ·Scheme effective upon filing certified NCLT order with Registrar of Companies.