India NCLT Insolvency Resolution Filings — March 20, 2026

19-03-2026

Delhivery Limited announced the appointment of Ms. Neelam Dhawan as Non-Executive Independent Director effective March 20, 2026, and as Chairperson of the Board of Directors effective April 1, 2026, succeeding Mr. Deepak Kapoor who is stepping down after over eight years. Ms. Dhawan brings over three decades of technology leadership experience from HP India, Hewlett-Packard Enterprise India, and Microsoft India, along with current independent directorships at Hindustan Unilever Limited, Tech Mahindra Limited, and others. The company serves over 51,000 clients with integrated logistics services including express parcels, freight, warehousing, and supply chain solutions.

• ·Ms. Neelam Dhawan served on NASSCOM Executive Council from 2009 to 2017.
• ·Previous regulatory filing on Mr. Deepak Kapoor's departure announced January 31, 2026.
• ·Recognized by Fortune, Forbes, and Business Today as one of the 'Most Powerful Women in Business'.

20-03-2026

Baron Infotech Limited, currently under Corporate Insolvency Resolution Process (CIRP), has notified BSE Limited of its 20th Committee of Creditors (CoC) meeting scheduled for March 23, 2026, at 16:00 IST, primarily to open and take note of Resolution Plans. This disclosure complies with SEBI (LODR) Regulations, 2015. The development underscores ongoing insolvency proceedings with no financial performance data or resolution outcomes disclosed yet.

• ·BSE Scrip Code: 532336
• ·CIN: L72200TG1996PLC025855
• ·Filing Date: March 20, 2026
• ·CoC Meeting: 20th meeting on March 23, 2026 @ 16:00 IST

20-03-2026

Ashok Leyland Limited approved an investment of up to GBP 30 million (approximately ₹375 Cr) in its subsidiary Optare Plc. UK as equity in one or more tranches, increasing its shareholding from 93% to 93.28%, aimed at loan repayment and business needs. Optare reported strong revenue growth to ₹1,232.59 Cr in FY 2024-25 from ₹707.30 Cr in FY 2023-24 (74% YoY increase), following a 208% jump from ₹229.72 Cr in FY 2022-23.

• ·Investment to be completed within March 31, 2026.
• ·Hinduja Automotive Limited, a promoter group company, holds 6.52% in Optare Plc.
• ·Investment based on valuation report from an Independent Valuer and is at arm's length.
• ·Optare Plc. incorporated on January 23, 2008.

20-03-2026

Heranba Industries Limited (HIL) informed stock exchanges of an insolvency application filed against it by Haresh Petrochem Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016, before NCLT Ahmedabad, for an outstanding claim of approximately ₹2.63 Cr due to a quality issue in supplied goods/services. HIL states the payment was temporarily withheld and expects an amicable settlement outside NCLT proceedings with no ultimate impact, though the proceedings may materially affect the company's financial position, operations, or prospects depending on the outcome. The next hearing is scheduled for April 20, 2026.

• ·Authority: Hon’ble National Company Law Tribunal, Ahmedabad
• ·Filing date: March 20, 2026

20-03-2026

Wipro Limited allotted 14,716 equity shares under the ADS Restricted Stock Unit Plan 2004 and 273,307 equity shares under the Restricted Stock Unit Plan 2007 on March 20, 2026, pursuant to the exercise of ESOPs. This allotment was disclosed to BSE Limited and National Stock Exchange of India Limited for listing compliance. No material financial impact or performance metrics were reported.

20-03-2026

IDBI Bank Limited received an order on March 20, 2026, from the Assessment Unit Income Tax Department imposing a penalty of ₹5.50 Cr under section 270A of the Income Tax Act, 1961, for additions sustained during assessment of FY 2020-21. The penalty impacts the bank's finances in monetary terms. The bank is evaluating legal remedies, including appeal.

• ·Authority: Assessment Unit Income Tax Department
• ·Nature: Order under section 270A of the Income Tax Act, 1961
• ·Period involved: FY 2020-21
• ·Violation details: Penalty on account of additions sustained by Assessing Officer during assessment

20-03-2026

Bharti Airtel Limited completed the conversion of 390,998,501 partly paid-up equity shares (face value ₹5 each, previously paid-up ₹1.25) into fully paid-up shares, crediting them to eligible shareholders' demat accounts and receiving listing approvals for trading from March 23, 2026, under ISIN INE397D01024. This follows approval for 391,176,994 such shares. However, corporate actions for 178,493 shares remain pending due to technical errors at depositories and will be addressed upon shareholder requests.

• ·Trading commencement: Monday, March 23, 2026
• ·ISIN: INE397D01024
• ·Earlier announcement date: March 20, 2026

20-03-2026

ICICI Bank allotted 28,800 equity shares of face value ₹2 each on March 20, 2026, under the ICICI Bank Employees Stock Unit Scheme-2022. The allotment was approved by two Executive Directors at 10:50 a.m., pursuant to powers delegated by the Board of Directors on October 21, 2023. No other financial impacts or period comparisons were disclosed.

• ·Allotment approved by two unnamed Executive Directors.

20-03-2026

AGS Transact Technologies Limited, currently under Corporate Insolvency Resolution Process (CIRP), has disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, the scheduling of its 9th Committee of Creditors (CoC) meeting on March 20, 2026, at 12:00 noon via Video Conferencing. The notice was issued by Brijendra Kumar Mishra, Deemed Resolution Professional, on March 18, 2026. This ongoing insolvency proceeding signals continued creditor oversight with no resolution indicated yet.

• ·BSE Scrip Code: 543451; NSE Scrip Symbol: AGSTRA
• ·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

20-03-2026

Adani Ports and Special Economic Zone Limited has received an ESG rating of 'Care EDGE – ESG 1+' from CARE ESG Ratings Limited, indicating a leadership position in managing ESG risks via best-in-class disclosures, policies, and performance. The disclosure complies with Regulation 30 of SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.

• ·Reference No: APSEZL/SECT/2025-26/154
• ·Scrip Codes: 532921 (BSE), ADANIPORTS (NSE)
• ·CIN: L63090GJ1998PLC034182

20-03-2026

Quadrant Televentures Limited, under Corporate Insolvency Resolution Process (CIRP) since the NCLT order dated September 2, 2025, has rescheduled its Seventh Committee of Creditors meeting from March 20, 2026 to March 23, 2026, following a request from a CoC member. This update is in continuation of the intimation dated March 18, 2026, and complies with Regulation 30 of SEBI LODR Regulations. No financial impacts or outcomes from the meeting are disclosed.

• ·Scrip Code: 511116
• ·NCLT admission to CIRP: September 2, 2025 under Section 7 of IBC, 2016
• ·Previous intimation date: March 18, 2026

20-03-2026

The NCLT Mumbai Bench approved the reduction of Trustwave Securities Limited's (formerly Sterling Guaranty & Finance Limited) paid-up equity share capital from ₹6.54 Cr (65,37,600 shares of ₹10 each) to ₹0.33 Cr (3,26,880 shares of ₹10 each) on March 19, 2026, to offset accumulated losses of ₹6.21 Cr. The company, which ceased NBFC operations in December 2023, received shareholder approval via postal ballot on February 8, 2025, following a board resolution on October 24, 2024. The company must file the order with the Registrar of Companies and publish notices within 30 days of receipt of the certified copy.

• ·CIN: L65990MH1983PLC031384; Scrip Code: 508963; ISIN: INE668Y01016
• ·Company incorporated on November 21, 1983; final name change to Trustwave Securities Limited on August 9, 2024
• ·RBI cancelled NBFC registration on December 15, 2023
• ·NCLT petition: C.P 194 (MB) 2025; order to be filed with ROC within 30 days of certified copy receipt; notices to be published in Business Standard (English) and Navshakti (Marathi) within 30 days of ROC registration

20-03-2026

Tata Consultancy Services (TCS) has extended its decade-long strategic partnership with Swissport International Limited by five years to accelerate AI-led transformation, focusing on modernizing technology, scaling AI-enabled services, data platforms, and hybrid cloud operations across Swissport’s global aviation services. The collaboration builds on past benefits like improved service stability, operational efficiency, and faster time-to-market, with TCS recognized as Swissport's Innovation Partner of the Year 2025. TCS reported consolidated revenues of over US $30 billion for the fiscal year ended March 31, 2025.

• ·Partnership originally spans a decade prior to the five-year extension announced on March 20, 2026
• ·Swissport operations cover 300 airports in 45 countries
• ·TCS recognized as Swissport's Innovation Partner of the Year 2025

20-03-2026

TTK Prestige Limited is inaugurating the Sri T.T. Jagannathan Innovation Centre for kitchen appliances in Bengaluru on March 20, 2026, as part of its three-year commitment to business excellence announced on February 18, 2025. The centre will emphasize design-led innovation, product development, and new segment opportunities, with an overall investment of ₹15 Cr including the revamp of its existing Hosur R&D centre for kitchenware. The company has also bolstered its innovation team with new talent.

• ·Prior announcement on commitment to deploy resources over three-year period: February 18, 2025
• ·Innovation Centre located in Bengaluru
• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

20-03-2026

Yes Bank Limited allotted 1,26,250 equity shares of face value ₹2 each on March 20, 2026, pursuant to exercise of stock options under YBL ESOS 2020 Scheme (including YBL PESOP 2020 Plan) and YBL RSU Plan 2024, realizing ₹10.17 Lakh. This increases the paid-up share capital from ₹627.59 Cr (31,379,630,807 shares) to ₹627.595 Cr (31,379,757,057 shares). The allotment details are hosted on the Bank's website per SEBI LODR Regulations.

• ·Approval by Nomination & Remuneration Committee
• ·BSE Scrip Code: 532648; NSE Symbol: YESBANK

20-03-2026

Infosys and Formula E launched the AI-Powered Race Centre, powered by Infosys Topaz, featuring generative AI commentary, podium predictions, PIT BOOST tracking, selected driver event tracker, and agentic AI processing over 1.5 million data points per race to enhance fan engagement. This initiative marks Infosys' second year as Formula E’s Official Digital Innovation Partner, blending race data with AI-driven content for immersive experiences during races and off-season. Executives from both companies emphasized its role in advancing sustainable motorsport and redefining race-day interactions for digitally native audiences.

• ·Filing date: March 20, 2026
• ·Infosys operates in 63 countries
• ·Formula E is the world’s first all-electric FIA World Championship and only sport-certified net zero carbon since inception
• ·ABB has over 140 years of history