India NCLT Insolvency Resolution Filings — April 23, 2026

23-04-2026

The National Company Law Tribunal (NCLT), New Delhi Bench, sanctioned on April 17, 2026, the Scheme of Amalgamation of five wholly owned subsidiaries—Abhipra Trading Private Limited, Graphic Research Consultants India Private Limited, United Buildwell Private Limited, Vineeta Trading Private Limited, and Vipul Eastern Infracon Private Limited—into Vipul Limited, effective from the Appointed Date of April 1, 2022. The scheme aims to streamline operations, pool resources, reduce administrative costs, and simplify regulatory compliances without requiring shareholder or creditor meetings, as confirmed by the First Motion Order dated March 5, 2024. No objections were received from stock exchanges, SEBI, or other regulators, with the Official Liquidator noting nil revenue for most transferor companies in recent periods.

• ·Transferor Companies No.1, No.2, and No.4 reported nil revenue and no operational activities during the current and previous year to 31.03.2023
• ·All transferor companies registered at Unit No 201, C-50, Malviya Nagar, New Delhi-110017
• ·Vipul Limited CIN: L65923DL2002PLC167607
• ·First Motion Order dated 05.03.2024 dispensed with shareholder and creditor meetings
• ·NCLT order pronounced on 17.04.2026; certified copy received by company on 22.04.2026

23-04-2026

The National Company Law Tribunal (NCLT) Amaravati Bench admitted the insolvency petition CP (IB)/58/7/AMR/2024 filed by National Asset Reconstruction Company Limited (NARCL), as assignee from Canara Bank, against BGR Energy Systems Limited on April 17, 2026, due to a default of Rs.584,67,81,149/- as on 31.08.2024 exceeding the Rs.1 crore threshold. The default occurred on 30.06.2022 following NPA classification amid continuous losses from FY 2020-21 to 2022-23 and invoked bank guarantees on projects including APGENCO, Ghatampur (NUPPL), and OPGCL. This triggers the Corporate Insolvency Resolution Process (CIRP) with no offsetting positive financial metrics reported.

• ·Date of default: 30.06.2022 (NPA classification effective date)
• ·Petition initially filed by Canara Bank on 07.11.2024; substituted to NARCL via IA(IBC)/366/2025 allowed on 01.04.2026
• ·Joint Assignment Agreement dated 29.09.2025 between consortium banks and NARCL
• ·Evidence includes NeSL RoD for five loan accounts and Bankers’ Book statements for eight accounts
• ·Corporate Debtor's objections on NPA classification (W.P. No.736/2025) and incomplete Form-1 rejected by NCLT

23-04-2026

YES Bank Limited received an ESG Score of 70 from SEBI-registered ESG Rating Provider ESG Risk Assessments and Insights Limited on April 22, 2026, based on publicly available information. The bank did not engage the provider for this independent rating. The disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015, with details hosted on the bank's website.

• ·Intimation filed on April 23, 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015
• ·NSE Symbol: YESBANK; BSE Scrip Code: 532648

23-04-2026

Infosys Board approved audited FY26 financial results with Q4 revenue up 6.6% YoY reported (4.1% CC) to $3.7 Bn but down 1.2% QoQ, operating margin at 20.9% reported (23.8% adjusted), while utilization fell to 79.7% (incl. trainees) from 81.9% YoY and employee headcount declined to 328,594 from 337,034 QoQ. Recommended final dividend of ₹25 per equity share (record date June 10, 2026). Granted performance-based RSUs to CEO Salil Parekh with market value totaling ₹51.75 crore and to other employees 27,193 RSUs plus ₹1.90 crore PSUs.

• ·Proposed appointment of BSR & Co. LLP as statutory auditors for 5 years from FY28, subject to shareholder approval at 46th AGM in 2027.
• ·Proposed appointment of KPMG as US SEC certifying accountant effective FY28.
• ·Amendment to 2019 Plan to extend grant period by 7 years, subject to shareholder approval.
• ·Postal ballot for appointing Diane Enberg Jurgens and re-appointing Helene Auriol Potier as Independent Directors.
• ·Approved incorporation of step-down wholly owned subsidiary in Japan.
• ·45th AGM on June 23, 2026.

23-04-2026

InterGlobe Aviation Limited (IndiGo) disclosed a warning letter received from DGCA on April 21, 2026, concerning certain airfares offered during December 2025 under government-imposed temporary domestic airfare caps, with the company having completed corrective actions including refunds. No penalties, restrictions, or sanctions were imposed, and there is no significant financial impact on operations. However, the disclosure was delayed due to unintentional internal communication issues.

• ·Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• ·DGCA advised the company to exercise due caution and ensure strict adherence to government orders going forward.
• ·No aberrations/non-compliances details beyond airfare issue; period of applicability not stated.

23-04-2026

Educomp Solutions Limited disclosed the post-facto outcome of its Thirty First Meeting of the Committee of Creditors (CoC) held on April 23, 2026, as required under SEBI LODR Regulation 30(2) and Schedule III. The Resolution Professional provided an update on the status of the Corporate Debtor, and the CoC deliberated on the publication of Form G along with eligibility criteria for prospective resolution applicants. This reflects ongoing procedural steps in the Corporate Insolvency Resolution Process with no specific financial updates or resolutions noted.

• ·Scrip Code BSE: 532696; NSE: EDUCOMP
• ·IBBI Registration No.: IBBI/IPA-001/IP-P-02786/2022-2023/14259
• ·CIN: L74999DL1994PLC061353

23-04-2026

The NCLT Principal Bench, New Delhi, issued an order on April 22, 2026, directing DiGiSPICE Technologies Limited (transferee company) to convene a meeting of its equity shareholders via video conferencing to approve the Scheme of Amalgamation involving merger with its subsidiaries Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited. Meetings for shareholders and creditors of the transferor companies and certain creditors of DiGiSPICE were dispensed with due to requisite consents or NIL secured creditors. The order appoints a chairperson, alternate chairperson, and scrutinizer for the meeting, with notices to be published in specified newspapers.

• ·NCLT order pronounced on April 22, 2026; stock exchange intimation on April 23, 2026.
• ·DiGiSPICE has NIL secured creditors as on 30.11.2025; transferor companies 2 and 3 have NIL secured creditors.
• ·Consent affidavits received from requisite shareholders and unsecured creditors for all companies; secured creditors consent for Spice Money.
• ·Board approvals for scheme dated 08.08.2024.
• ·Shareholding patterns and financial statements as on 31.03.2025 (audited) and 30.09.2025 (interim).
• ·Observation letters from BSE (18.09.2025) and NSE (19.09.2025).

23-04-2026

Wipro Limited granted 1,51,659 ADS Restricted Stock Units and 68,627 Restricted Stock Units to identified employees of the company and its subsidiaries under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024, effective April 23, 2026. The units will vest according to the vesting schedule and exercise period approved by the Nomination and Remuneration Committee of the Board.

23-04-2026

Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited) has disclosed under Regulation 30 a notice for an equity shareholders' meeting on May 25, 2026, at 10:30 AM IST via VC/OAVM, directed by NCLT Ahmedabad Bench orders dated April 13 and 16, 2026, to approve the Scheme of Arrangement and Amalgamation with Triumph Offshore Private Limited. The notice includes explanatory statements, the scheme document, financial statements for FY25 and period ended Dec 31, 2025, valuation report, fairness opinion, shareholding patterns, and other annexures, dispatched electronically on April 23, 2026. Remote e-voting opens May 22, 2026, with cut-off on May 18, 2026.

• ·NCLT Company Scheme Application No. C.A.(CAA)/17(AHM)2026
• ·Remote e-voting: May 22, 2026 (9:00 AM IST) to May 24, 2026 (5:00 PM IST)
• ·E-voting cut-off date: May 18, 2026
• ·Email dispatch record date: March 20, 2026
• ·Documents accessible at: https://sdhi.co.in/documents/scheme-of-amalgamation/Notice%20and%20Explanatory%20Statement%20alongwith%20Annexures%20-%20Scheme%20of%20Amalgamation.pdf

23-04-2026

Bondada Engineering Limited has informed BSE about an upcoming Analysts/Investors Post Earnings Conference Call for Q4 & FY26, scheduled for Tuesday, April 28, 2026, at 11:00 AM IST via virtual audio/video conferencing on Zoom. The management team will be represented by Dr. Raghavendra Rao Bondada (CMD), Rear Admiral Sreenivas Ratnam (Group CEO), and CA Satyanarayana Baratam (WTD & CFO). No unpublished price-sensitive information will be discussed, and discussions will be based on publicly available information.

• ·Registration required via https://events.kaptify.in/Bondada_Q4_FY26_Concall; Zoom Meeting ID: 834 8786 0574, Passcode: 982861
• ·Call will be recorded in line with SEBI regulations
• ·Subject to last-minute changes due to exigencies

23-04-2026

Jio Financial Services reported robust FY26 growth with Consolidated Total Income (excl. dividends) at ₹3,274 Cr, up 78% YoY, Net Income from Business Operations surging 272% to ₹1,390 Cr, Jio Credit AUM reaching ₹25,700 Cr (2.4x FY25), Payments TPV at ₹52,200 Cr (2.5x FY25), and user base expanding 2.5x to 23 million. However, PPOP (excl. dividends) was nearly flat at ₹1,357 Cr versus ₹1,353 Cr in FY25, impacted by full consolidation of Jio Payments Bank losses post June 2025 acquisition, scaling investments, and treasury yield volatility. Q4 highlights included Total Income over ₹1,000 Cr (+97% YoY), Credit disbursements at ₹10,000 Cr (+49% YoY), and launches like the AI-powered JioFinance app.

• ·Board recommended dividend of ₹0.60 per equity share (face value ₹10).
• ·Jio Payments Bank became 100% subsidiary effective June 18, 2025.
• ·JioBlackRock Asset Management received in-principle approval for retail Fund Management Entity in GIFT City.
• ·Jio Payment Solutions received Payment Aggregator-Cross Border license.
• ·Allianz Jio Reinsurance commenced operations in March 2026.
• ·Jio Insurance Broking POSP agent network across 22 states and 2 Union Territories; Jio Payment Solutions merchant network spans 26 states.

23-04-2026

Larsen & Toubro's Buildings & Factories (B&F) business vertical has secured multiple significant orders valued between ₹1,000-2,500 Cr, including construction of seven high-rise residential towers for Oberoi Realty in Gurugram (scope: RCC shell and core, earthworks, piling) and a Proving Ground facility for a reputed international company in Haryana (scope: finishing works, external development, vehicle testing infrastructure). These wins highlight L&T's expertise in EPC solutions for hospitals, airports, data centers, residential/commercial buildings, factories, and new energy facilities. No declines or flat performance noted in the update.

• ·Order execution to follow stringent timelines.
• ·L&T's domain expertise covers hospitals, public spaces, airports, data centres, residential/commercial buildings, factories (automobiles, proving tracks, solar panel/battery storage, paint/chemical/glass plants, food processing), and complex industrial structures.
• ·Stock codes: BSE 500510, NSE LT.

23-04-2026

The National Company Law Tribunal, Bengaluru Bench, ordered the commencement of the Corporate Insolvency Resolution Process (CIRP) for Vivimed Labs Limited on April 15, 2026 (order received April 17, 2026). T Narayana Swamy (IBBI Regn. No. IBBI/IPA-002/IP-N0 1078/2020-2021/13427) has been appointed as Interim Resolution Professional, with creditors required to submit claims by May 1, 2026. The process is estimated to close by October 11, 2026.

• ·CIN: L02411KA1988PLC009465
• ·Date of incorporation: September 22, 1988
• ·Registered office: Plot No. 78-A, Kolhar Industrial Area, Bidar, Karnataka - 585403
• ·Corporate office: GMR Towers, 3rd & 4th Floor, Green Lands, Begumpet, Beside the Plaza Hotel, Hyderabad, Telangana - 500016
• ·IRP correspondence address: 'VK Commerce', #8, 3rd Floor, 3rd Main Road, Opp. Rajajinagar IT Park, KSSIDC, Rajajinagar Industrial Estate, Bengaluru, Karnataka - 560010; Email: ciq2.vivimedlabslimited@hotmail.com
• ·Notice date: April 20, 2026; Filing date: April 23, 2026

23-04-2026

Associated Alcohols & Breweries Limited (AABL) received NCLT Kochi Bench approval on April 16, 2026, for its resolution plan to acquire SDF Industries Ltd., a distillery-cum-bottling unit in Thrissur, Kerala, for ₹30.85 crore, making it a wholly owned subsidiary upon completion. SDF offers IMFL bottling capacity of ~3.60 lakh cases per month and ENA distillery capacity of 75 lacs liters per annum on 10 acres of land, enabling AABL to shift brands like Lemount White Brandy to in-house bottling for improved efficiency. Operations are targeted to commence by September 2026, supporting growth in Kerala where AABL sells ~1.5 lakh cases per month.

• ·SDF facility located on Thrissur-Palakkad border, well-connected to Kochi, Coimbatore, and Calicut airports.
• ·Revised press release corrects IMFL capacity from 'per annum' to 'per month'.
• ·AABL entered Kerala market in 2018, ranking top 3 private players.

23-04-2026

Future Consumer Ltd disclosed an update on the NCLT (Mumbai) hearing for the insolvency petition filed by State Bank of India, following an earlier disclosure on March 24, 2026. The tribunal granted the company one week to file its reply to the recently served amended Form-1, citing delays by the financial creditor due to year-end audits. The matter has been adjourned to June 4, 2026, with the company committing to further updates.

• ·Counsel for SBI cited delay due to unavailability of bank officials for year closing and audits.
• ·Disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• ·Scrip Codes: BSE 533400, NSE FCONSUMER

23-04-2026

Mahindra & Mahindra's patent portfolio grew more than 20x over the decade from 56 granted patents in FY16 to 1334 in FY26, with cumulative applications filed reaching 2,728 as of March 2026. The conversion rate of applications to patents improved significantly from 8% in FY16 to over 65% for applications filed in the last decade. Of the granted patents, 60% pertain to the Automotive Business and 40% to the Farm Business, reflecting strengthened R&D capabilities.

• ·Company won CII IP Award for Best Patent Portfolio, CII Innovation Award (Top 50 Innovative Companies 2025), CII National Award for Industry-Academia Partnership, Questel IP Excellence Award, and CMO Asia Awards 2025 recognition in the last year.
• ·Patents include filings by subsidiary Mahindra Electric Automobile Ltd.

23-04-2026

Maruti Suzuki India Limited announced an earnings conference call for analysts and investors covering Quarter 4 of FY 2025-26. The call is scheduled for Tuesday, April 28, 2026, at 5:45 p.m. This is a standard pre-earnings disclosure with no financial results or performance metrics provided yet.

• ·Filing date: April 23, 2026