Executive Summary
Across 39 filings in the India Corporate Insolvency & NCLT stream, Adani group dominates with 18+ updates showing mixed FY26 results: Adani Enterprises revenue +3% YoY to ₹1,02,943 Cr but EBITDA -2% YoY and Q4 PAT negative ₹(221) Cr due to depreciation, contrasted by Adani Ports' robust +25% revenue YoY to ₹38,736 Cr, +20% EBITDA, and record 500.8 MMT cargo (+11% YoY), beating guidance. IDBI Bank reports conflicting profit trends (flat at ₹7,513 Cr YoY in one, +27% to ₹9,513 Cr in another) with improving NPAs (2.57% gross) but declining NII -8% YoY and ROE -122 bps. Insolvency developments are limited but pivotal: BGR Energy's CIRP suspended by NCLAT pending settlement, PS IT Infrastructure admitted to CIRP for ₹3.1 Cr default (negative), Kopran merger meetings set for June 3, and Future Lifestyle ongoing CoC. Capital allocation leans shareholder-friendly with Adani Ent ₹1.30 dividend (130%) and Adani Ports ₹7.50 (375%), record dates June 12; forward guidance shines via Adani Ports' Ambition 2031 targeting 19% revenue CAGR to FY31 and 1B MMT capacity by 2030. Portfolio-level trends show infra/utilities resilient (80% Adani Ent EBITDA from core), banks mixed on retail weakness, minimal insider activity but positive M&A (Reliance Anomaly acquisition). Implications: Buy Ports strength, monitor Adani Ent MIAL probe risks and insolvency resolutions for turnaround alpha.
Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from April 23, 2026.
Investment Signals(12)
- Adani Ports↓(BULLISH)▲
FY26 revenue +25% YoY to ₹38,736 Cr, EBITDA +20% to ₹22,851 Cr beating guidance, cargo +11% to 500.8 MMT record, RoCE +100 bps to 16%, dividend ₹7.50 (375%)
- Adani Ports↓(BULLISH)▲
Ambition 2031 guidance for 19% revenue CAGR, 18% EBITDA CAGR FY26-31, port capacity to 1B MMT by Dec 2030 from 500 MMT
- IDBI Bank↓(BULLISH)▲
FY26 gross NPA -41 bps YoY to 2.57% (or 2.32% in alt), PCR 99.39%, CRAR +160 bps to 26.65%, total business +14% to ₹6,00,789 Cr
- Reliance Industries (RRL)(BULLISH)▲
Acquired Anomaly haircare brand to bolster beauty portfolio, aligns with fast-growing category, RRVL FY26 turnover ₹3,70,026 Cr (+implied growth), 387M customers
- Adani Enterprises↓(BULLISH)▲
80% EBITDA now from core infra-utility (airports +55% YoY EBITDA to ₹5,394 Cr Q4), rights issue utilization on track ₹22,670 Cr of ₹24,852 Cr raised, no deviations
- Adani Enterprises↓(BULLISH)▲
Dividend ₹1.30 (130%) recommended, fundraising up to ₹15,000 Cr approved for growth
- Infosys↓(BULLISH)▲
Ranked #1 IT services for European Banking/Nordics FS, 83% satisfaction (+3 pp), top 3 in FS overall
- IDBI Bank↓(BULLISH)▲
Treasury PBT +112% YoY to ₹4,897 Cr FY26, core ops stable despite retail weakness
- Larsen & Toubro↓(BULLISH)▲
Divesting 100% stake in Hyderabad Metro (69 km PPP) for capital unlock to core EPC/tech
- Adani Ports↓(BULLISH)▲
Logistics revenue +55% YoY, marine +134%, net debt/EBITDA 1.9x (within 2.5x policy), capex ₹15,320 Cr
- Adani Enterprises↓(BULLISH)▲
Q4 revenue +20% YoY to ₹33,187 Cr, new road assets added (3 projects: TOT/HAM)
- BGR Energy↓(BULLISH)▲
NCLAT suspended NCLT CIRP admission pending settlement with NARCL, stayed till June 15
Risk Flags(9)
- Adani Enterprises/ Audit↓[HIGH RISK]▼
Consolidated results modified/qualified opinion 6x filings due to MIAL probe (₹845.76 Cr misuse, NBV ₹433.52 Cr PPE), ongoing investigations
- Adani Enterprises/ Financials↓[HIGH RISK]▼
FY26 EBITDA -2% YoY to ₹16,464 Cr, Q4 PAT negative ₹(221) Cr (depreciation Navi Mumbai/Copper), ANIL EBITDA -5% YoY, roads -23% YoY
- IDBI Bank/ Profits↓[MEDIUM RISK]▼
FY26 net profit flat YoY ₹7,513 Cr (or +27% alt), Q4 -5.3% YoY to ₹1,943 Cr, NII -8% YoY to ₹13,512 Cr, ROE -122 bps to 18.93%, CASA -196 bps
- PS IT Infrastructure/ Insolvency↓[HIGH RISK]▼
NCLT admitted CIRP under IBC Sec7 for ₹3.1 Cr ICD default (principal ₹2.9 Cr +9% int), MD suspended, IRP appointed
- Adani Enterprises/ Ops↓[MEDIUM RISK]▼
Roads construction -84% YoY Q4 to 110.7 L-KM, -40% FY26; mining IRM -21% to 44.6 MMT; airports ATMs flat -1% FY26
- Adani Ports/ Market Share↓[LOW RISK]▼
Q4 cargo share -30 bps to 26%, rail volume -1% YoY to 166k TEUs, all-India container flat 45.5%
- Future Lifestyle/ Insolvency↓[MEDIUM RISK]▼
Ongoing CIRP since May 2023, 35th CoC meeting Apr 28, RP managing assets
- ONGC/ Leadership[LOW RISK]▼
ED (EO to Dir HR) demise Apr 30, no successor details
- Adani Enterprises/ Rights Issue↓[LOW RISK]▼
₹77.98 Cr call proceeds pending (₹54.45 Cr unpaid), unutilized ₹2,182 Cr in FDs
Opportunities(10)
- Adani Ports/ Ambition 2031↓(OPPORTUNITY)◆
Scale ports to 1B MMT by 2030 (+100% from 500 MMT), logistics expansion (MMLPs 12→16, warehouses 3.1→12 Mn sq ft), 16.9% 15-yr TSR
- BGR Energy/ Insolvency Pause↓(OPPORTUNITY)◆
NCLAT suspension of CIRP till June 15 pending NARCL settlement (2 weeks), potential avoidance of full resolution
- Kopran/ Merger↓(OPPORTUNITY)◆
NCLT-ordered meetings June 3 for equity/creditors approval of Kopran Labs absorption under Companies Act Sec 230-232
- Adani Enterprises/ Fundraising↓(OPPORTUNITY)◆
Board approved ₹15,000 Cr raise via equity/securities, AGM June 24, supports infra growth post rights utilization
- IDBI Bank/ Asset Quality↓(OPPORTUNITY)◆
GNPA -66 bps YoY to 2.32%, NNPA flat 0.15%, PCR 99.39%, treasury surge +112% PBT, undervalued vs improving metrics
- Reliance Retail/ M&A(OPPORTUNITY)◆
Anomaly acquisition expands beauty (Priyanka as Creative Dir), leverages 20k stores/387M customers, FY26 EBITDA ₹27,033 Cr
- Adani Ports/ Dividend↓(OPPORTUNITY)◆
₹7.50/share record June 12, payment post June 25, yield attractive post +16% PAT YoY
- Adani Enterprises/ Dividend↓(OPPORTUNITY)◆
₹1.30/share (130%) record June 12 despite Q4 loss, core shift to 80% infra EBITDA
- L&T/ Asset Sale(OPPORTUNITY)◆
Hyderabad Metro divestment unlocks capital from mature PPP for EPC focus
- Infosys/ Re-class↓(OPPORTUNITY)◆
Shibulal duo (~0.56% stake) re-class to public, no mgmt impact, plus Nitin Paranjpe Vice Chairman appt
Sector Themes(6)
- Adani Infra Resilience(POSITIVE INFRA SPLIT)◆
10+ filings show Adani Ports +25% rev/+20% EBITDA YoY vs Adani Ent +3%/-2%, 80% core EBITDA shift, but MIAL probe qualifies audits across Ent (6 filings) – favor Ports over Ent
- Banking Mixed Recovery(MIXED)◆
IDBI FY26 profits flat/+27% YoY but NII -8%, retail PBT -36%, GNPA -41-66 bps, CRAR +160 bps; secretarial compliance clean – watch treasury boost vs deposit pressures
- Insolvency Pauses/Turnarounds(EMERGING TURNAROUND)◆
5/39 filings: BGR CIRP suspended (settlement), PS IT admitted (negative), Kopran merger meetings June 3, Future CoC ongoing – 2/4 positive resolutions signal alpha in paused CIRPs
- Capital Returns Surge(SHAREHOLDER FRIENDLY)◆
Adani Ent ₹1.30 (130%), Ports ₹7.50 (375%) dividends record June 12 (5 filings), no buybacks but fundraising (Ent ₹15k Cr) – 100% payout focus amid growth capex
- Guidance Beats/Expansions(BULLISH GUIDANCE)◆
Ports beat FY26 rev/EBITDA guidance, Ambition 2031 19% CAGR; minimal cuts elsewhere – infra leads forward outlook
- Leadership Shuffles Neutral(NEUTRAL GOV)◆
ONGC Dir addl charge, IDBI 2 indep Dirs, Adani auditor switch to EY, Infosys Vice Chair – no conviction signals but compliance heavy
Watch List(8)
Monitor audit qualification resolution, impacts consolidated FY26, AGM June 24 [June 24, 2026]
- Adani Group/ Dividends👁
Record dates June 12 for Ent ₹1.30, Ports ₹7.50; payments post June 25/30 [June 12, 2026]
CIRP stay till next hearing on settlement with NARCL [June 15, 2026]
Equity/creditor votes on Labs absorption [June 3, 2026]
27th AGM approvals for dividend/fundraise, Ambition 2030 updates [June 24, 2026]
34th AGM for dividend/fundraise ₹15k Cr, auditor appt [June 24, 2026]
Q4 retail PBT -36% YoY, NII -8%, post-results calls for guidance [Ongoing Q1 FY27]
35th meeting done Apr 28, watch resolution plan progress under CIRP since 2023 [Next CoC TBD]
Filing Analyses(39)
30-04-2026
Adani Enterprises Limited disclosed the Monitoring Agency Report for the quarter ended March 31, 2026, confirming no deviations from the objects of its Rights Issue proceeds totaling ₹24,930.30 Cr, with total funds received at ₹24,852.32 Cr and utilized ₹22,669.73 Cr. During Q4FY26, the company received ₹12,387.17 Cr (flat vs Q3FY26's ₹12,465.15 Cr) and utilized ₹14,572.17 Cr (up 80% QoQ from ₹8,097.56 Cr), with unutilized ₹2,182.59 Cr deployed in fixed deposits. However, ₹77.98 Cr in call proceeds remain pending collection, including ₹54.45 Cr unpaid.
- ·No deviations from objects or changes in means of finance observed.
- ·All government/statutory approvals in place; no favorable/unfavorable events affecting objects.
- ·Unutilized proceeds deployed: ₹1,500.00 Cr in SBI FD (5.25% return), ₹500.00 Cr in DBS FD (6.85% return), ₹182.59 Cr in monitoring account.
- ·Issue completion timeline: Fiscal 2026 and 2027, with no delays reported.
- ·GCP breakdown: ₹1,329.11 Cr in investments/loans to subsidiaries/JVs/associates, ₹1,026.50 Cr in working capital.
30-04-2026
Reliance Retail Limited (RRL), a subsidiary of Reliance Industries Limited, announced the acquisition of Priyanka Chopra Jonas’s global haircare brand Anomaly, including trademarks, brand assets, and digital properties, to expand its beauty portfolio and scale through its omnichannel network including Tira. The move aligns with RRL's strategy in the fast-growing beauty category, with Priyanka continuing as Creative Director and Isha Ambani highlighting its potential. Reliance Retail Ventures Limited (RRVL) operates 20160 stores with a registered customer base of over 387 million and reported consolidated turnover of ₹ 3,70,026 crore and EBITDA of ₹ 27,033 crore for the year ended March 31, 2026.
- ·Anomaly founded in 2021 with international presence in key global markets.
- ·Focus on innovation for Indian hair and scalp needs; continued expansion in North America, United Kingdom, and Middle East.
- ·RRVL CIN: U01100MH1999PLC120563
30-04-2026
Adani Enterprises Limited's Board approved audited standalone (unmodified opinion) and consolidated (modified opinion due to ongoing investigations at subsidiary Mumbai International Airport Limited involving potential misuse of Rs. 845.76 crores) financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of Rs. 1.30 (130%) per equity share of Re. 1 face value, with record date June 12, 2026, and approved raising up to ₹15,000 crore via equity or other securities, subject to shareholder approval at the June 24, 2026 AGM. Ernst & Young LLP was appointed as the new Internal Auditor.
- ·Standalone financial results received unmodified audit opinion; consolidated received modified opinion.
- ·AGM scheduled for Wednesday, June 24, 2026 via VC/AVM.
- ·Record date for dividend: Friday, June 12, 2026; payment on or after June 30, 2026 if approved.
- ·Fundraising subject to shareholder approval at AGM and regulatory approvals.
30-04-2026
The Board of Adani Enterprises Limited approved audited standalone (unmodified opinion) and consolidated (modified opinion due to ongoing MIAL investigations involving alleged misuse of Rs. 845.76 Cr with net book value Rs. 433.52 Cr) financial results for the quarter and FY ended 31st March 2026. They recommended a dividend of Rs. 1.30 (@130%) per Re. 1 equity share, subject to AGM approval, and approved fundraising up to ₹15,000 Cr via equity or other securities. Ernst & Young LLP was appointed as new internal auditor replacing Shobhit Dwivedi.
- ·Record Date for dividend entitlement: Friday, 12th June, 2026
- ·34th AGM scheduled for Wednesday, 24th June, 2026 via VC/AVM
- ·Dividend payment on or after 30th June, 2026 if approved
- ·Board meeting held on 30th April, 2026 from 1:45 pm to 3:25 pm
30-04-2026
Adani Enterprises Limited has confirmed no deviation or variation in the utilization of Rights Issue proceeds for the quarter ended March 31, 2026, as reviewed by the Audit Committee. The company raised INR 24,852.32 Crores through partly paid Rights Equity Shares, with proceeds allocated primarily to repayment/pre-payment of borrowings (original allocation ₹18,698.00 Crores) and general corporate purposes (₹6,208.05 Crores). Total funds utilized stood at ₹22,669.73 Crores as per the objects stated in the Letter of Offer dated November 12, 2025.
- ·Monitoring Agency: CARE Ratings Limited
- ·Rights Issue dates: Application Money on December 12, 2025; First Call Money on February 4, 2026; Second Call Money on March 24, 2026
- ·Letter of Offer dated November 12, 2025
- ·Rights Equity Shares issued on partly paid-up basis: ₹900 on application (50% of issue price), ₹450 on first call (25%), ₹450 on second call (25%)
- ·No comments from Audit Committee or auditors on deviations
30-04-2026
Adani Enterprises Limited's Board approved audited standalone (unmodified opinion) and consolidated (modified opinion due to ongoing investigations at subsidiary Mumbai International Airport Limited involving potential misuse of Rs. 845.76 crores in funds, carried at Rs. 433.52 crores net book value in PPE) financial results for the quarter and FY ended March 31, 2026. The Board recommended a dividend of Rs. 1.30 (130%) per equity share of Re. 1 face value, with record date June 12, 2026, and proposed raising up to ₹15,000 crore via equity or other securities, subject to AGM approval on June 24, 2026. Ernst & Young LLP was appointed as new Internal Auditor replacing the previous one.
- ·Record date for dividend: Friday, June 12, 2026.
- ·34th AGM scheduled for Wednesday, June 24, 2026 via VC/AVM.
- ·Dividend payment on or after June 30, 2026 if approved.
- ·Board meeting held April 30, 2026 from 1:45 pm to 3:25 pm.
30-04-2026
Adani Enterprises' Board approved audited standalone financial results (unmodified opinion) and consolidated results (modified opinion due to ongoing MIAL investigations on alleged misuse of Rs. 845.76 crores in works contracts, carried at net book value of Rs. 433.52 crores in PPE) for Q4 and FY ended March 31, 2026. The Board recommended a dividend of Rs. 1.30 (130%) per Re. 1 share, subject to AGM approval on June 24, 2026, with record date June 12, 2026. They also approved proposal to raise up to ₹15,000 crore via equity/securities and appointed Ernst & Young LLP as new internal auditor.
- ·Record date for dividend: Friday, June 12, 2026
- ·Dividend payment on or after June 30, 2026, subject to tax deduction
- ·34th AGM on Wednesday, June 24, 2026 via VC/AVM
- ·Previous consolidated audit opinions (FY25 and Q3 FY26) also modified for MIAL matter
30-04-2026
The Board of Adani Ports and Special Economic Zone Limited approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, with an unmodified opinion from MSKA & Associates LLP. They recommended a dividend of ₹7.50 per equity share (375% on ₹2 face value), subject to shareholder approval, with record date June 12, 2026. Key changes include appointment of Dr. Ajay Kumar as Additional Director (Non-Executive, Non-Independent), cessation of Mr. Rakshit Shah as Senior Management Personnel, and Ernst & Young LLP as new Internal Auditor.
- ·Board meeting held on April 30, 2026 from 11:00 a.m. to 1:30 p.m.
- ·Record date for dividend: Friday, June 12, 2026.
- ·Dividend payment on or after June 25, 2026, subject to tax deduction.
- ·27th AGM scheduled for Wednesday, June 24, 2026 via Video Conferencing/Other Audio Visual Means.
- ·Mr. Rakshit Shah ceased due to transition to new role within Adani Group.
30-04-2026
The Board of Adani Ports and Special Economic Zone Limited approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, with an unmodified audit opinion from M S K A & Associates LLP. The Board recommended a dividend of ₹7.50 (375%) per equity share of ₹2 and fixed June 12, 2026, as the record date, with payment on or after June 25, 2026, subject to AGM approval on June 24, 2026. Additionally, Dr. Ajay Kumar was appointed as Additional Director, while Mr. Rakshit Shah ceased as Senior Management Personnel and Ernst & Young LLP was appointed as Internal Auditor.
- ·Board meeting held on April 30, 2026, from 11:00 a.m. to 1:30 p.m.
- ·27th AGM scheduled for June 24, 2026, via Video Conferencing / Other Audio Visual Means.
- ·DIN of Dr. Ajay Kumar: 11530402.
30-04-2026
Oil and Natural Gas Corporation Limited disclosed the sad demise of Shri Debasish Mukherjee, Executive Director (EO to Director HR), on April 30, 2026, leading to his cessation from the senior management position one level below the Board. The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. No financial impact or successor details were provided.
- ·Disclosure addresses change in senior management (one level below the Board).
- ·Registered office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070.
30-04-2026
Adani Power Limited has released the audio recording of its post-results update call with analysts and investors for Q4 FY26, held on April 30, 2026. The recording is accessible via a link on the company's website. This filing notifies BSE Limited and National Stock Exchange of India Limited to take the submission on record.
- ·Audio link: adanipower.com/-/media/project/power/investors/investors-downloads/earnings-call/apl-q4-fy26-earnings-call-audio-recording-10042189-1.mp3
- ·BSE Scrip Code: 533096
- ·NSE Scrip Code: ADANIPOWER
- ·CIN: L40100GJ1996PLC030533
30-04-2026
IDBI Bank Limited submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, as required under Regulation 24A of SEBI (LODR) Regulations, 2015. Parikh & Associates confirmed full compliance with all applicable SEBI Acts, regulations, circulars, and guidelines, including Listing Obligations, Substantial Acquisition, Insider Trading, and others, with no violations, observations, or non-compliances reported. All areas such as secretarial standards, policies, website disclosures, related party transactions, and event disclosures were verified as compliant.
- ·Review Period: Year ended March 31, 2026
- ·Filing Date: April 30, 2026
- ·No actions taken against the entity, promoters, directors, or subsidiaries by SEBI or stock exchanges
- ·Not applicable regulations: Issue of Capital, Buyback of Securities, Share Based Employee Benefits
30-04-2026
Oil and Natural Gas Corporation Limited (ONGC) disclosed that the Ministry of Petroleum and Natural Gas, Government of India, has entrusted the additional charge of Director (Finance) to Shri Manish Patil, current Director (Human Resource), effective from May 1, 2026. This additional charge is for a period of three months or until the appointment of a regular incumbent or further orders, whichever is earliest. The disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.
- ·Ministry letter no. CA-31011/3/2026-CA-PNG (55497) dated 30.04.2026
- ·ONGC symbols: NSE - ONGC (EQ), BSE Security Code - 500312 (EQ), NCD: 959881
- ·Registered office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070
30-04-2026
BGR Energy Systems Limited disclosed that the NCLAT Chennai Bench, on April 30, 2026, suspended the NCLT Amaravati Bench order dated April 17, 2026, which had admitted Corporate Insolvency Resolution Process (CIRP) against the company under Section 7 of the IBC. The suspension follows a settlement proposal extended by suspended director Arjun Govind Raghupathy to National Asset Reconstruction Company Ltd., which is under consideration and expected to take a couple of weeks. CIRP proceedings are stayed until the next hearing on June 15, 2026.
- ·NCLT order: CP (IB)/58/7/AMR/2024 dated 17th April 2026
- ·NCLAT appeal: Company Appeal (AT) (CH) (Ins) No. 252/2026 (IA Nos.697, 698 & 717/2026)
- ·Previous intimation: 22nd April 2026 regarding CIRP admission
30-04-2026
Adani Ports and Special Economic Zone Limited (APSEZ) released the 'Ambition 2031' investor presentation on April 30, 2026, outlining ambitious expansion plans including scaling port capacity from 500 MMT to 1 Billion MMT by December 2030, increasing marine vessels from 136 to 200+, MMLPs from 12 to 16, and warehouses from 3.1 Mn sq.ft. to 12 Mn sq.ft., targeting 19% revenue CAGR and 18% EBITDA CAGR over FY26-31. The presentation emphasizes integrated shore-to-door logistics covering 95% of India's hinterland, tech-driven efficiencies like 72%+ EBITDA margins in domestic ports, and 16.9% annualized TSR over 15 years, supported by strategic partnerships and a deleveraged balance sheet.
- ·India port capacity breakdown: West coast 355 MMT, South coast 158 MMT, East coast 140 MMT.
- ·Logistics network: 54 bulk rakes, 7 agri rakes, 4 AFTO rakes, 25,000+ trucks on platform, 4 MMT agri silos (1.4 MMT current).
- ·Land bank: ~12,500 Ha near Mundra, ~2,000 Ha near Dhamra, ~2,750 Ha near Krishnapatnam.
- ·Tech efficiencies: 24% reduction in pre-berthing time, 9% reduction in container trucking TAT, 2% lower cost per TEU.
- ·Strategic partnerships ensure 49-56% sticky cargo share in domestic volumes FY22-FY26.
30-04-2026
Adani Ports and Special Economic Zone Limited's Board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, with unmodified opinions from statutory auditors M S K A & Associates LLP. The Board recommended a dividend of Rs. 7.50 (375%) per equity share of Rs. 2/- for FY 2025-26, subject to shareholder approval, with a record date of June 12, 2026, and payment on or after June 25, 2026. Key changes include the appointment of Dr. Ajay Kumar as Additional Director (Non-Executive, Non-Independent), cessation of Mr. Rakshit Shah as Senior VP, appointment of Ernst & Young LLP as Internal Auditor, and scheduling of the 27th AGM on June 24, 2026.
- ·Board meeting held on April 30, 2026, from 11:00 a.m. to 1:30 p.m.
- ·DIN of Dr. Ajay Kumar: 11530402
- ·Scrip codes: 532921 (BSE), ADANIPORTS (NSE)
30-04-2026
Infosys Board's meeting on April 30, 2026, approved the appointment of Nitin Paranjpe as non-executive Vice Chairman with immediate effect, recognizing his extensive experience from roles at Hindustan Unilever Ltd and Heineken NV. The Board also approved the re-classification request of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal from 'Promoter and Promoter Group' to 'Public' category, subject to regulatory compliance and shareholder approval if required; the applicants together hold ~0.56% of equity share capital. Additionally, the Board allotted 35,384 equity shares of ₹5 each under the 2015 Incentive Compensation Plan, increasing issued and subscribed share capital to ₹20,27,82,93,815 divided into 4,05,56,58,763 shares.
- ·Board meeting held on April 30, 2026, commenced at 6:00 p.m. IST and concluded at 6:45 p.m. IST.
- ·Re-classification applicants have no involvement in company management, decision-making, or director appointments.
- ·Re-classification will have no impact on company operations, Board, management, or shareholders.
30-04-2026
Adani Enterprises Limited published a newspaper advertisement on April 30, 2026, in Financial Express and Indian Express (Ahmedabad and Mumbai editions) regarding the Second 100 Days Campaign - 'Saksham Niveshak'. The campaign focuses on KYC updates, shareholder engagement, and preventing transfer of unpaid/unclaimed dividends to the Investor Education and Protection Fund (IEPF). The notice is available on the company's website at www.adanienterprises.com.
- ·Scrip Code BSE: 512599; NSE: ADANIENT
- ·CIN: L51100GJ1993PLC019067
- ·Registered Office: “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421
- ·Contact: Tel +91 79 2656 5555; Fax +91 79 2555 5500; Email: investor.ael@adani.com
30-04-2026
The Board of Adani Enterprises Limited approved audited standalone (unmodified opinion) and consolidated (modified opinion) financial results for the quarter and year ended March 31, 2026, recommended a dividend of Rs. 1.30 (@130%) per equity share of Re. 1 face value, and approved fundraising up to ₹15,000 crore via equity or other securities. The consolidated results carry a qualified audit opinion due to ongoing investigations at subsidiary Mumbai International Airport Limited (MIAL) involving alleged misuse of funds of Rs. 845.76 crores (net book value Rs. 433.52 crores in PPE). Other approvals include appointing Ernst & Young LLP as new internal auditor and scheduling the 34th AGM on June 24, 2026.
- ·Record Date for dividend: Friday, June 12, 2026
- ·Dividend payment on or after June 30, 2026, subject to shareholder approval at AGM
- ·34th AGM scheduled for Wednesday, June 24, 2026 via VC/OAVM
- ·Fundraising subject to shareholder approval at AGM on June 24, 2026
30-04-2026
Adani Enterprises Ltd reported FY26 consolidated total income up 3% YoY to ₹1,02,943 Cr, with EBITDA at ₹16,464 Cr (-2% YoY) and 80% now generated from core infra-utility portfolio including airports and mining services. While Q4 total income grew 20% YoY to ₹33,187 Cr and airports EBITDA surged 55% YoY to ₹5,394 Cr, overall Q4 PAT was negative at ₹(221) Cr due to depreciation on new assets, ANIL ecosystem EBITDA declined 5% YoY to ₹4,532 Cr, and roads EBITDA fell 23% YoY to ₹1,362 Cr. PBT excluding exceptional gain of ₹9,215 Cr stood at ₹4,309 Cr.
- ·Q4 FY26 PAT attributable to owners: ₹(221) Cr (negative due to depreciation on Navi Mumbai and Copper plant assets)
- ·AdaniConnex: New hyperscale order for 358 MW in Hyderabad; phase-II 4.8 MW operational
- ·Roads: Added three new projects - Chennai Outer Ring Road (TOT), Palanpur-Radhanpur-Samkhayili NH-27 (TOT), Ganga Path extension Digha-Koilwar (HAM)
- ·ANIL: Domestic solar module sales +95% YoY to 1459 MW in Q4; Adani Wind only Indian in Top 15 global wind turbine manufacturers
- ·Airports: Aero revenue +26% YoY, non-aero +31% YoY in FY26; 3 new routes and 20 new flights added in Q4
- ·ESG rating: 83 by CareEdge (Leadership category)
- ·Core infra RAB: ₹32,726 Cr (71% of net external debt)
30-04-2026
Infosys has been ranked number one IT services provider for Financial Services – Banking in Europe and Financial Services in the Nordics by Whitelane Research's IT Sourcing Studies 2025/2026 and 2026. The company was also recognized as a top three 'Exceptional Performer' in Financial Services – Overall and Cloud & Infrastructure Services in Europe, with 'Strong Performer' status in Financial Services – Insurance and Application Services. These rankings are based on client feedback from surveys of nearly 600 European and over 450 Nordic financial services organizations.
- ·Infosys achieved 83% satisfaction score in European Banking, up 3 percentage points from 2024/2025.
- ·Rankings based on criteria including service delivery quality, account management, pricing, innovation, and transformation capabilities.
30-04-2026
Kopran Limited has notified the stock exchanges of convening separate meetings for equity shareholders, secured creditors, and unsecured creditors of both Kopran Limited (Transferee Company) and Kopran Laboratories Limited (Transferor Company) on Wednesday, June 03, 2026, via Video Conferencing/Other Audio-Visual Means. These meetings are scheduled pursuant to the National Company Law Tribunal (NCLT) Mumbai Bench order dated April 09, 2026, to consider and approve the Scheme of Amalgamation (Merger by Absorption) under Sections 230-232 of the Companies Act, 2013. The notice was dispatched electronically on April 30, 2026, with physical copies to follow, and is available on the company's website.
- ·BSE Scrip Code: 524280; NSE Symbol: KOPRAN
- ·Meetings schedule: Kopran Ltd - Equity Shareholders 10:00 a.m., Secured Creditors 11:30 a.m., Unsecured Creditors 1:00 p.m.; Kopran Laboratories Ltd - Equity Shareholders 2:30 p.m., Secured Creditors 3:30 p.m., Unsecured Creditors 5:00 p.m. (all IST, June 03, 2026)
- ·Company CIN: L24230MH1958PLC011078
- ·Website: www.kopran.com; Notices available at https://www.kopran.com/investors/amalgamation/
30-04-2026
Adani Enterprises Limited's Board approved audited standalone (unmodified opinion) and consolidated (modified/qualified opinion) financial results for Q4 and FY ended March 31, 2026, with the qualification stemming from ongoing investigations at subsidiary Mumbai International Airport Limited involving alleged misuse of Rs. 845.76 crores in funds (net book value Rs. 433.52 crores). The Board recommended a dividend of Rs. 1.30 (130%) per equity share of Re. 1 face value, subject to shareholder approval at the AGM on June 24, 2026, and approved fundraising up to ₹15,000 crore via equity or other securities. Additionally, Ernst & Young LLP was appointed as the new Internal Auditor.
- ·Record Date for dividend: Friday, 12th June, 2026
- ·AGM scheduled for Wednesday, 24th June, 2026 via Video Conferencing/Other Audio Visual Means
- ·Standalone financial results: unmodified audit opinion; Consolidated: modified/qualified opinion
- ·Statement on utilization of issue proceeds of Non-Convertible Securities enclosed as Annexure-C
30-04-2026
Adani Enterprises Ltd reported FY26 consolidated total income up 3% YoY to ₹1,02,943 Cr and EBITDA maintained flat at ₹16,464 Cr (down 2% YoY), with PBT at ₹4,309 Cr excluding exceptional gain of ₹9,215 Cr; strong airports EBITDA growth of 55% to ₹5,394 Cr was offset by ANIL EBITDA decline of 5% to ₹4,532 Cr and roads EBITDA drop of 23% to ₹1,362 Cr. Q4 FY26 total income rose 20% YoY to ₹33,187 Cr and EBITDA up 3% to ₹4,479 Cr, but PAT was negative at ₹(221) Cr due to depreciation on new assets like Navi Mumbai Airport and copper plant. The company achieved 80% EBITDA from core infra-utility portfolio, with milestones like Ganga Expressway inauguration and three new road projects added.
- ·Roads construction volume down 84% YoY in Q4 FY26 to 110.7 L-KM and 40% for FY26 to 1451.7 L-KM.
- ·Mining Services dispatch up 14% FY26 to 49.4 MMT, but IRM volume down 21% to 44.6 MMT.
- ·Airports ATMs flat/down 1% FY26 to 619.0 thousand.
- ·Adani Wind ranked in Top 15 global wind turbine manufacturers; domestic solar module sales up 95% YoY in Q4 to 1459 MW.
- ·AdaniConnex new hyperscale order for 358 MW, cumulative tied-up 560+ MW.
30-04-2026
Avenir Investment RSC Ltd (Acquirer) along with IHC Capital Holding LLC (PAC) provided an update on the open offer to acquire up to 34,17,54,286 equity shares (26.05% of expanded voting share capital) of Sammaan Capital Limited at face value of INR 2 each. As per the escrow account statement dated April 29, 2026, only 41,110 equity shares (0.01% of offer size) have been tendered, including 575 shares on that day. These tenders are subject to validation and may differ from shares ultimately accepted per SEBI (SAST) Regulations and the Letter of Offer dated April 03, 2026.
- ·Open Offer Escrow Demat Account: 'MIIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT' with Ventura Securities Limited (DP ID: IN303116, Client ID: 15728188, PAN: AABCI3612A)
- ·Tenders subject to validation per SEBI (SAST) Regulations, Letter of Offer dated April 03, 2026, and Addendum dated April 09, 2026
30-04-2026
NCLT Mumbai Bench admitted the Section 7 IBC application filed by Golden Medows Export Private Limited against PS IT Infrastructure & Services Limited for default on an Inter Corporate Deposit totaling ₹3,10,02,122 (principal ₹2,90,00,000 plus interest of ₹20,02,122 at 9% p.a. as on 30.09.2025). Mr. Rajneesh Kumar Aggarwal (IBBI/IP-P00886/2017-2018/11483) was appointed as Interim Resolution Professional (IRP), with the Corporate Debtor's Managing Director suspended. The default occurred on 21.06.2025 following expiry of the MoU repayment date of 20.06.2024, despite demands and legal notice.
- ·Application filed on 14.11.2025, within 3-year limitation from default date 21.06.2025
- ·MoU dated 20.06.2024 with 12-month repayment term
- ·NeSL Form-D record of default generated 30.12.2025, deemed authenticated
- ·Legal notice issued 24.10.2025 demanding ₹2.9 Crores
30-04-2026
NCLT Mumbai Bench admitted PS IT Infrastructure & Services Limited into Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC on April 29, 2026, due to default on Rs. 3,10,02,122 owed to Golden Medows Export Private Limited as on September 30, 2025, including principal of Rs. 2,90,00,000 and interest of Rs. 20,02,122 at 9% p.a. Mr. Rajneesh Kumar Aggarwal (IBBI/IP-P00886/2017-2018/11483) was appointed as Interim Resolution Professional (IRP). The Corporate Debtor contested the admission, claiming it is a profit-making company and that disputes should proceed via arbitration per the MoU dated June 20, 2024, but the tribunal rejected these arguments, confirming debt and default via bank statements, receipts, and NeSL Form-D.
- ·Date of default: 21.06.2025 (day after MoU repayment due date of 20.06.2025)
- ·Application filed under Section 7: 14.11.2025
- ·Disbursement period for ICD: 26.06.2024 to 29.08.2024 in 7 tranches
- ·IRP AFA valid till 30.06.2027
- ·NeSL Form-D generated: 30.12.2025 with 'Deemed to be Authenticated' status
30-04-2026
Future Lifestyle Fashions Limited, under Corporate Insolvency Resolution Process (CIRP) since the NCLT Mumbai order dated May 4, 2023, held its Thirty Fifth Committee of Creditors (CoC) meeting on April 28, 2026. The company's affairs, business, and assets continue to be managed by Resolution Professional Mr. Ravi Sethia. This disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.
- ·NCLT Mumbai Bench-II order dated 04th May 2023 in CP(IB) No. 959/MB/2022
- ·First CoC meeting held on June 6, 2023
- ·IP Registration no. IBBI/IPA-001/IP-P01305/2018-2019/12052
- ·AFA Certificate no AA1/12052/02/31126/108915 (valid upto 31st December 2026)
- ·Scrip Code: 536507 (BSE), Debt Scrip Code: 957150, NSE Symbol: FLFL
- ·CIN: L52100MH2012PLC231654
30-04-2026
Larsen & Toubro (L&T) signed an agreement on April 29, 2026, with Hyderabad Metro Rail Limited (HMRL), a Government of Telangana enterprise, to divest its 100% stake in L&T Metro Rail (Hyderabad) Limited (LTMRHL), representing a value-driven monetization of a mature 69 km PPP metro rail asset. This aligns with L&T's strategy to exit development projects and unlock capital for core engineering and technology-led businesses. No financial details of the transaction were disclosed, and no declines or flat performance metrics were reported.
- ·Agreement signed on April 29, 2026
- ·L&T described as a USD 30 billion Indian multinational in EPC Projects, Hi-Tech Manufacturing, and Services
- ·CIN: L99999MH1946PLC004768
- ·Stock codes: BSE 500510, NSE LT
30-04-2026
ICICI Bank Limited allotted 699,237 equity shares of face value Rs. 2 each on April 30, 2026, under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors at 11:55 a.m. on the same day, pursuant to powers delegated by the Board of Directors on October 21, 2023. The communication was signed by Prashant Jagjivan Mistry of the Associate Leadership Team.
- ·Allotment approved by two Executive Directors (unnamed).
- ·Board of Directors meeting for delegation held on October 21, 2023.
- ·Filing addressed to BSE Limited (Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001) and National Stock Exchange of India Limited (Exchange Plaza, 5th floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051).
30-04-2026
Yes Bank Limited has provided advance intimation of its participation in the Goldman Sachs Asia Financials Corporate Day 2026 on June 01, 2026, via virtual group/1x1 meetings with analysts and institutional investors. The schedule is subject to change due to exigencies, with participant lists to be submitted post-event. No Unpublished Price Sensitive Information will be shared during the meetings.
- ·NSE Symbol: YESBANK
- ·BSE Scrip Code: 532648
- ·Disclosure under Regulation 30 read with clause 15 of Para A of Part A of Schedule III of SEBI Listing Regulations, 2015
- ·Information hosted on www.yes.bank.in
30-04-2026
YES Bank Limited has provided advance intimation under Regulation 30 of SEBI LODR regarding an upcoming physical analyst/institutional investors meeting titled 'Manthan ’26' organized by YES Securities in Mumbai on May 21-22, 2026. The schedule is subject to change due to exigencies, and no unpublished price sensitive information (UPSI) will be shared during the meetings. A list of participants will be submitted post-event, with details hosted on the bank's website www.yes.bank.in.
- ·NSE Symbol: YESBANK
- ·BSE Scrip Code: 532648
- ·Mode: Physical (Group /1x1 Meetings)
30-04-2026
Yes Bank Limited has provided advance intimation under SEBI Regulation 30 of its participation in the Citi India Conference 2026, scheduled for June 4-5, 2026, in Mumbai as physical group/1x1 meetings with analysts and institutional investors. No unpublished price sensitive information is proposed to be shared during the event. The schedule is subject to change, and the list of participants will be submitted post-event.
- ·NSE Symbol: YESBANK
- ·BSE Scrip Code: 532648
- ·Disclosure reference: YBL/CS/2026-27/022
30-04-2026
IDBI Bank reported standalone audited FY26 results with total income up 5.6% YoY to ₹35,743.53 Cr and PBT rising 12.8% YoY to ₹11,925.87 Cr, boosted by treasury PBT surging 112% YoY to ₹4,897.28 Cr. However, net profit was nearly flat YoY at ₹7,513.17 Cr versus ₹7,515.17 Cr in FY25 due to higher tax expense, Q4 net profit declined 5.3% YoY to ₹1,943.17 Cr, and retail banking PBT fell 36.3% YoY to ₹3,264.51 Cr. Asset quality strengthened with gross NPA ratio improving to 2.57% from 2.98% YoY.
- ·Basic and Diluted EPS ₹6.99 (FY26, not annualised for quarters)
- ·Core operating profit FY26 ₹10,837.52 Cr (down 2.2% YoY from ₹11,078.60 Cr)
- ·Provisions and contingencies (net) FY26 ₹510.39 Cr
- ·Tax expense FY26 ₹2,412.51 Cr (down from ₹3,053.04 Cr FY25)
- ·Debt Equity Ratio 0.50 times
- ·Total debts to total assets 86.01%
30-04-2026
The Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, with an unmodified opinion from statutory auditors MSKA & Associates LLP. They recommended a dividend of ₹7.50 (@375%) per equity share of ₹2 face value, subject to shareholder approval, with record date June 12, 2026. Additional actions include appointment of Dr. Ajay Kumar as Additional Director (Non-Executive, Non-Independent), cessation of Mr. Rakshit Shah as Senior Management Personnel, new Internal Auditor Ernst & Young LLP, and scheduling the 27th AGM for June 24, 2026.
- ·Record Date for dividend: Friday, June 12, 2026
- ·Dividend payment: on or after June 25, 2026 (subject to shareholder approval and tax deduction)
- ·27th AGM: Wednesday, June 24, 2026 via Video Conferencing/Other Audio Visual Means
- ·Board meeting: April 30, 2026 (11:00 a.m. to 1:30 p.m.)
- ·Scrip Codes: BSE 532921, NSE ADANIPORTS
30-04-2026
Adani Ports and Special Economic Zone Limited (APSEZ) reported strong FY26 consolidated financials with revenue at ₹38,736 Cr (+25% YoY from ₹31,079 Cr), EBITDA at ₹22,851 Cr (+20% YoY from ₹19,025 Cr), and PAT at ₹12,782 Cr (+16% YoY), surpassing FY26 guidance of ₹38,000 Cr revenue and ₹22,800 Cr EBITDA. Cargo volume hit a record 500.8 MMT (+11% YoY), driven by domestic ports (+13% revenue), international ports (+34%), logistics (+55%), and marine (+134% revenue), with overall RoCE improving to 16% from 15%. However, all-India container market share was flat at 45.5%, Q4 rail volume declined 1% YoY to 166,646 TEUs, and Q4 cargo market share dipped 30 bps to 26%.
- ·Capex FY26 at ₹15,320 Cr exceeded guidance of ₹11,000-12,000 Cr
- ·Net debt/EBITDA at 1.9x (proforma 1.8x), within policy up to 2.5x
- ·Board proposed ₹7.5 dividend per share for FY26, record date June 12, 2026
- ·FY27 guidance: Revenue ₹43,000-45,000 Cr, EBITDA ₹25,000-26,000 Cr, Capex ₹12,000-14,000 Cr
- ·Completed bond buybacks totaling US$199.57m in Mar 2026 and US$386.03m in Aug 2025
- ·Multiple credit rating upgrades/outlook revisions including Moody's to Stable, S&P to Positive
- ·Domestic ports capacity 653 MMT; marine fleet 136 vessels
30-04-2026
Adani Ports and Special Economic Zone Limited's Board approved the audited standalone and consolidated financial results for the quarter and FY26 ended March 31, 2026, with an unmodified opinion from statutory auditors M S K A & Associates LLP. The Board recommended a dividend of ₹7.50 per equity share of ₹2 face value (375%), with record date fixed as June 12, 2026, and payment on or after June 25, 2026, subject to shareholder approval at the 27th AGM on June 24, 2026. Key changes include appointment of Dr. Ajay Kumar as Additional Director (Non-Executive, Non-Independent), cessation of Mr. Rakshit Shah as Senior Management Personnel, and appointment of Ernst & Young LLP as Internal Auditor.
- ·Board meeting held on April 30, 2026, from 11:00 a.m. to 1:30 p.m.
- ·27th AGM scheduled for June 24, 2026, via Video Conferencing/Other Audio Visual Means.
- ·Record date for dividend: Friday, June 12, 2026.
30-04-2026
IDBI Bank Limited's Board of Directors, at its meeting on April 30, 2026, approved the appointment of Shri Abhijit Chakravorty (DIN: 09494533) and Shri Ketan Vikamsey (DIN: 00282877) as Additional Directors in the Independent Category. The appointments are effective from May 19, 2026, for Shri Chakravorty and June 26, 2026, for Shri Vikamsey, each for a term of two years, subject to shareholder approval. Both appointees bring extensive experience: Shri Chakravorty with over three decades in banking at SBI, including as MD&CEO of SBI Cards, and Shri Vikamsey as a senior Chartered Accountant leading audits for banks and financial institutions.
- ·Shri Chakravorty: Postgraduate in applied Chemistry, CAIIB, superannuated as Dy. Managing Director from SBI, 11 years in Corporate Credit, 4 years in IT operations.
- ·Shri Vikamsey: Chartered Accountant with IFRS, DISA, and other certifications; current Independent Director at SBI until June 25, 2026.
- ·Appointees not related to any other Director or KMP of IDBI Bank and not debarred by SEBI or any authority.
- ·Disclosure under Regulations 30 & 51 of SEBI (LODR) Regulations, 2015.
30-04-2026
IDBI Bank reported FY26 net profit of ₹9,513 Crore, up 27% YoY from ₹7,515 Crore, with total business reaching ₹6,00,789 Cr (+14% YoY), deposits at ₹3,47,163 Cr (+12% YoY), and net advances at ₹2,53,626 Cr (+16% YoY). Asset quality strengthened as Gross NPA fell to 2.32% (down 66 bps YoY) and CRAR rose to 26.65% (up 160 bps YoY). However, Q4 net profit declined 5% YoY to ₹1,943 Crore, FY NII dropped 8% YoY to ₹13,512 Crore, CASA ratio decreased to 44.59% (down 196 bps YoY), and ROE fell to 18.93% (down 122 bps YoY).
- ·Gross advances portfolio composition: 30:70 corporate vs retail as on March 31, 2026.
- ·Net NPA ratio flat at 0.15% YoY.
- ·Provision Coverage Ratio at 99.39% (down 9 bps YoY).
- ·Credit Deposit Ratio improved to 73.06% (up 266 bps YoY).
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