India NCLT Insolvency Resolution Filings — May 06, 2026

India Corporate Insolvency & NCLT

19 high priority16 medium priority35 total filings analysed

Executive Summary

Across 35 filings in the India Corporate Insolvency & NCLT stream, key themes include advancing insolvency resolutions (e.g., Prabhat Technologies CIRP closure, Warren Tea amalgamation meetings) contrasting with delays (Punj Lloyd liquidation extension, Tayo Rolls compliance deadlock), mixed Q4/FY26 results (revenue growth averaging +20-80% YoY in outperformers like Bondada Engineering +81% implied, but PAT declines in Kansai Nerolac -39.3% YoY), and robust capital allocation via dividends (Birlasoft ₹4/share). Period-over-period trends show revenue resilience (+3.3% YoY Kansai, +2.4% YoY Birlasoft Q4, +64% YoY Adani Power Q4 PAT) amid sector headwinds, with no insider trading signals but positive ESOP grants (Wipro). Forward-looking catalysts cluster in June-July (investor meetings, NCLT shareholder votes, AGMs), signaling potential resolution accelerations under IBC. Portfolio-level, 5/35 filings highlight insolvency progress (positive for distressed asset plays), while paints/IT/power show margin pressures offset by growth/outperformance vs. peers. Market implications: Opportunities in resolving insolvencies for turnaround alpha, caution on delayed liquidations amid stable dividend trends.

Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from April 29, 2026.

Investment Signals(12)

  • Q4 FY26 PAT +44.1% YoY and +46.7% QoQ to ₹1,759 Mn, EBITDA margin expanded to 18.5% for 3rd straight quarter, final dividend ₹4/share (200%), unmodified audit

  • FY26 revenue ₹2,843 Cr +81% YoY from ₹1,571 Cr FY25 (90-95% 3-yr CAGR), 7.8 GW solar/BESS portfolio (1.3 GW commissioned), FY27 targets 1.5 GW commissioning

  • NCLT Mumbai closed CP(IB) No.1874/2019 post successful Resolution Plan implementation Q1 2026, payments to unsecured creditors, no pending appeals

  • NCLT Kolkata directed equity shareholder meetings June 18, 2026 for amalgamation with Maple Hotels (99.80% unsecured creditor consents, 100% secured), board approved scheme

  • Q4 FY26 PAT +64% YoY to ₹4,271 Cr, EBITDA +27% YoY to ₹6,498 Cr at 74% PLF, 95% capacity under PPAs, FY27 capex ₹25,000 Cr

  • Secured mega order ₹5-10,000 Cr from JSW Steel for blast furnaces/steel melt shops, largest domestic Minerals & Metals order, supports 50 MTPA expansion

  • NCLT Chennai approved withdrawal of CP(CA)/105/CHE/2025, fully resolving insolvency petition with no further proceedings

  • Invested ₹300 Cr in subsidiary JFPSL (total ₹335 Cr), arm's length related party transaction for business ops funding

  • Deal wins $208M TCV +3% QoQ, cash equivalents +19% YoY to ₹26,373 Mn, DSO 62 days (adj 55), top 10 clients 55.1% revenue

  • FY26 revenue +3.3% YoY to ₹7,739 Cr, Q4 +7.7% YoY, total assets +7.1% to ₹8,539 Cr, unmodified audit, ranked No.2 paint brand

  • Launched TVS iQube S 4.7 kWh (175 km range, ₹1,37,142 ex-Delhi), trusted by 900k families, 3,300 dealerships

  • Granted 2.65 Cr ADS RSUs + 1.27 Cr RSUs under 2024 scheme, allotted 38L+ equity shares on ESOP exercise, signaling employee retention

Risk Flags(10)

  • FY26 PAT -39.3% YoY to ₹620 Cr from ₹1,021 Cr, Q4 PAT -7.9% YoY, dividend cut to 250% (₹2.50/share) from 375% incl special

  • 25th Stakeholders Consultation Committee meeting May 7, 2026 to extend liquidation timelines under IBC, ongoing delays no resolution in sight

  • CIRP deadlock since 2019, NCLAT stay on JBVNL resolution plan, unable to file Q4/annual FY26 results, compliance shifted to SRA/RP

  • Kansai Nerolac[MEDIUM RISK]

    Q4 revenue -1.8% QoQ to ₹1,873 Cr, profit before tax -39.6% YoY, inventories -7.3% YoY but trade receivables +8.2% YoY signaling collections pressure

  • Q4 revenue +2.4% YoY but -3.7% QoQ CC, active clients down to 221, headcount - to 11,363, one subsidiary Q4 loss ₹11.64 Mn

  • Adani Power[MEDIUM RISK]

    FY26 PLF 66.5% amid 0.8% YoY power demand growth, net debt ₹45,022 Cr, volatile demand despite revenue stability

  • Kansai Nerolac[MEDIUM RISK]

    Standalone EPS flat YoY at ₹8.25 pre-exceptional, lower exceptional items vs FY25 drove PAT drop

  • BSE clarification sought May 6, 2026 on undisclosed matter, potential material event

  • Withdrew capital reduction petition CP(CA)/105/CHE/2025 due to technical discrepancy

  • Mixed sentiment from crude price hikes, rupee depreciation, supply disruptions despite decorative growth

Opportunities(10)

  • CIRP fully closed Apr 30, 2026 post plan implementation, acquire equity via preferential allotment, no appeals – turnaround play

  • June 18, 2026 shareholder meetings (10,964 equity holders), high creditor consents (99.80%/100%), scheme appointed Apr 1, 2025

  • 90-95% 3-yr revenue CAGR, FY27 1.5 GW solar EPC + BESS 850 MW execution, main board migration, 25 GW Vision 2030

  • EBITDA 18.5% (3Q expansion), PAT +44% YoY, $208M deals, dividend ₹4, undervalued vs IT peers on cash build +19% YoY

  • 13.3 GW tied under PPAs (95% secured), FY27 capex ₹25k Cr, Q4 PAT +64% YoY at 74% PLF

  • L&T/Mega Order(OPPORTUNITY)

    ₹5-10k Cr JSW Steel order (largest domestic), metallurgical expertise, JSW 35-50 MTPA steel expansion by 2031

  • High double-digit decorative/waterproofing growth in 80+ towns, No.2 brand, ESG water positive, 14-yr warranty products

  • ₹335 Cr total in JFPSL for ops, no promoter interest, arm's length – fintech expansion alpha

  • iQube S upgrade 175 km range, 900k users, 1,000 cities – EV market share gain vs peers

  • Insolvency petition withdrawn/closed, clean slate for capital restructuring

Sector Themes(6)

  • Insolvency Resolutions Accelerating

    4/7 IBC filings show progress (Prabhat closed, Warren Tea 99.8% consents June 18 vote, Integrated withdrawn positively) vs 2 delays (Punj Lloyd extension May 7, Tayo deadlock), implying 57% positive outcomes – buy resolving CIRP assets

  • Mixed PAT Despite Revenue Growth

    5/8 results filings report revenue +2-81% YoY (avg ~25%) but PAT mixed (-39% Kansai to +64% Adani Power), driven by exceptional items/margins, paints/IT/power sectors vulnerable to input costs

  • Dividend Stability with Cuts

    4 companies declare dividends (Birlasoft +₹4 new, Kansai -33% ex-special), prioritizing shareholder returns amid FY26 pressures, vs reinvestment (Bondada FY27 capex/manufacturing)

  • Upcoming Investor Catalysts Cluster

    12/35 filings flag June events (Adani conf June 3-4, L&T meetings May11-June8, Warren Tea June18, TVS call May13), potential guidance/updates post-Q4 results

  • ESOP/ESG Signals Positive

    Wipro/TVS/Birlasoft ESOP grants/allotments signal retention, Kansai ESG (water positive, No.2 brand) + product launches amid macro headwinds

  • Power/Infrastructure Outperformance

    Adani Power/L&T/Bondada show PLF 66-74%, mega orders, 7.8 GW portfolios vs tepid demand (+0.8% YoY), capex FY27 ₹25k Cr+

Watch List(8)

  • 25th SCC May 7, 2026 for timeline extension, monitor for further IBC delays or asset sales

  • Equity/unsecured creditor votes June 18, 2026 on Maple Hotels amalgamation, high consents – watch approval outcome

  • 106th AGM July 9, 2026, record date June 29 for ₹2.50 dividend, post-Q4 call audio May 6 – guidance on margins

  • Monitor NCLAT stay on JBVNL plan, FY26 filings impasse, compliance shift to SRA/RP

  • L&T/Analyst Meets
    👁

    Mumbai sessions May 11-12,27; June 1,3,8 2026 with Kotak/360ONE/BofA/MS/ICICI – order pipeline updates

  • Adani Group Conferences
    👁

    Annual India Chapter June 3-4, 2026 Mumbai (Power/Green/Ports/Ent), watch group synergies/capex

  • Upcoming AGM for ₹4 dividend approval, post-Q4 PAT beat/margin expansion – headcount/deal guidance

  • Response to May 6 query, monitor for material event disclosure impacting FY27 targets

Filing Analyses(35)
Kansai Nerolac Paints LimitedCompany Updatemixedmateriality 7/10

06-05-2026

Kansai Nerolac Paints Limited released an investor presentation ahead of its Q4 FY 2025-26 financial results conference call on May 6, 2026, outlining strategies amid a challenging business environment marked by significant crude oil price increases, rupee depreciation, and supply chain disruptions. Positive highlights include robust growth in decorative new businesses like waterproofing and projects (high double-digit in 80+ towns), strong automotive demand (high double-digit in 2W/3W), and branding campaigns generating 70Cr+ digital impressions; however, industrial powder coatings showed only moderate recovery while commercial vehicles grew mid-single digits. The presentation emphasized new product launches (e.g., Excel Sheen, Perma No Heat) and ESG initiatives like water positivity.

  • ·Entered ESG initiatives (Water Positive, Emission reduction, Green energy) within last 3 years
  • ·Ranked No.2 among paint brands (Brand equity index)
  • ·14 Years Performance Warranty on Excel Everlast
  • ·20 Years Performance Warranty on Everlast 20
  • ·Perma No Heat reduces surface temperature up to 15ºC
  • ·Awards: 12 Kyoorius Creative Awards, 7 Baby Blue Elephant Awards - Gold, Dragons of Asia Marketing Awards Gold Winner
Larsen & Toubro LimitedCompany Updateneutralmateriality 3/10

06-05-2026

Larsen & Toubro Limited announced a schedule of upcoming Analyst/Institutional Investor meetings in Mumbai from May 11-12 and 27, June 1, 3, and 8, 2026, all physical mode starting at 9:00 AM. The meetings involve one-on-one and group sessions with Kotak India NDR, 360 ONE Capital (B&K), BofA India Conference, Morgan Stanley India Investment Forum, and ICICI Securities India Investor Conference. Presentations will follow the format available on company and exchange websites.

  • ·Meeting 1: 11th & 12th May 2026 with Kotak India NDR (One on One / Investor Group)
  • ·Meeting 2: 27th May 2026 - 16th Annual Investor Conference with 360 ONE Capital (B&K) (One on One / Investor Group)
  • ·Meeting 3: 1st June 2026 - BofA India Conference (One on One / Investor Group)
  • ·Meeting 4: 3rd June 2026 - Morgan Stanley India Investment Forum (One on One / Investor Group)
  • ·Meeting 5: 8th June 2026 - ICICI Securities India Investor Conference (One on One / Investor Group)
Punj Lloyd LtdInsolvencynegativemateriality 8/10

06-05-2026

Punj Lloyd Ltd disclosed that the Twenty Fifth meeting of its Stakeholders Consultation Committee is scheduled for May 7, 2026, at 11:30 A.M. to seek advice on extending the timelines for the company's liquidation period under the Insolvency and Bankruptcy Code. The meeting will occur at the corporate office in New Delhi and via audio-visual mode. This update signals ongoing delays in the liquidation process, with no resolution timeline provided.

  • ·Scrip Code: 532693/PUNJLLOYD; Symbol: PUNJLLOYD
  • ·Disclosure under Regulation 30(2) read with Schedule III of SEBI (LODR) Regulations, 2015, and Regulation 32 B of IBBI (Liquidation Process) Regulations, 2016
  • ·Meeting venue: Plot No. 2, Second Floor, Tower No. 2, NBCC Plaza, Sector V, Pushp Vihar, Saket, New Delhi-110017
  • ·Registered Office: 17-18 Nehru Place, New Delhi 110019, India; CIN: L74899DL1988PLC033314
Warren Tea Ltd.Insolvencypositivemateriality 8/10

06-05-2026

The NCLT Kolkata Bench has directed the convening of meetings for equity shareholders of Warren Tea Limited (10,964 shareholders) and Maple Hotels & Resorts Limited (1,673 shareholders) on June 18, 2026, at 11:30 AM and 12:30 PM respectively via virtual mode, along with unsecured creditors of Maple Hotels (248 creditors) at 1:30 PM, to approve the Scheme of Amalgamation with appointed date April 1, 2025. Meetings for unsecured creditors of Warren Tea (13 creditors, with 99.80% no-objection consents) and secured creditors of Maple Hotels (5 creditors, 100% consents) have been dispensed with, while Warren Tea has no secured creditors. The scheme was approved by boards on June 30, 2025, with BSE no-objection received.

  • ·NCLT order pronounced on April 28, 2026, uploaded May 5, 2026, received May 6, 2026.
  • ·Shareholder meetings and unsecured creditors meeting of Maple Hotels via virtual mode only with e-voting.
  • ·Advertisements required in Business Standard (English) and Aajkaal (Bengali).
  • ·Valuation report dated June 30, 2025 by Vidhi Chandak.
  • ·BSE no-objection letter dated February 2, 2026.
Kansai Nerolac Paints LimitedBoard Meetingmixedmateriality 10/10

06-05-2026

Kansai Nerolac Paints Limited's board approved audited standalone financial results for FY26, with revenue from operations growing 3.3% YoY to ₹7739.23 Cr and Q4 revenue up 7.7% YoY to ₹1873.44 Cr; however, profit for the year declined 39.3% YoY to ₹619.85 Cr from ₹1021.24 Cr, Q4 profit fell 7.9% YoY to ₹120.86 Cr, and profit before tax dropped sharply 39.6% to ₹838.21 Cr. The board recommended a lower dividend of 250% (₹2.50 per share) compared to 375% (₹3.75 per share) last year, which included a special dividend. Total assets expanded 7.1% to ₹8538.59 Cr, supported by an unmodified auditor opinion.

  • ·Unmodified opinion on audited standalone financial results by S R B C & CO LLP.
  • ·Inventories declined to ₹1492.92 Cr from ₹1609.71 Cr YoY.
  • ·Trade receivables increased to ₹1379.83 Cr from ₹1274.70 Cr YoY.
  • ·Cash and cash equivalents rose to ₹184.12 Cr from ₹85.72 Cr YoY.
  • ·Earnings per share (basic, after exceptional) FY26: ₹7.67 vs FY25: ₹12.63.
BIRLASOFT LIMITEDBoard Meetingpositivemateriality 9/10

06-05-2026

Birlasoft Limited's Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with unmodified auditor opinions; an investor update was sent separately. The Board recommended a final dividend of ₹4 per equity share (200% on face value of ₹2), subject to AGM approval. Mr. Mohanraj Janakiraman, Sr. Vice President-Sales, was designated as Senior Management Personnel effective May 6, 2026.

  • ·Audited financial results include results of 14 entities with unmodified opinion.
  • ·One subsidiary (outside India) reported quarterly net loss of Rs (11.64) million but annual profit of Rs 16.62 million.
  • ·Board meeting held from 2:15 pm to 4:30 pm on May 6, 2026.
  • ·AGM date and dividend payment (if approved) to be intimated within statutory timelines.
BIRLASOFT LIMITEDResultpositivemateriality 9/10

06-05-2026

Birlasoft Limited's Board approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, and recommended a final dividend of ₹4 per equity share (200% on ₹2 face value), subject to AGM approval. Mr. Mohanraj Janakiraman was designated as Senior Management Personnel effective May 6, 2026. One subsidiary reported a quarterly net loss of ₹11.64 million despite yearly profit of ₹16.62 million.

  • ·Auditor's report confirms true and fair view with unmodified opinion.
  • ·Board meeting held from 2:15 pm to 4:30 pm on May 6, 2026.
  • ·AGM date and dividend payment within statutory timelines to be intimated.
Bondada Engineering LimitedCompany Updatepositivemateriality 8/10

06-05-2026

Bondada Engineering Limited reported FY26 revenue of ₹2,843 Cr, up significantly from ₹1,571 Cr in FY25 and ₹801 Cr in FY24, achieving a 90-95% CAGR over the last three years and 53% over 14 years. The company has a net worth of ₹732 Cr, a 7.8 GW portfolio in solar EPC and BESS (1.3 GW commissioned, 850 MW BESS under execution), pan-India presence, and over 2,500 employees. Management outlined FY27 priorities including main board migration, 1.5 GW EPC commissioning, integrated manufacturing facility, and Vision 2030 targeting 25 GW renewable capacity.

  • ·Nine subsidiaries including project-based SPVs.
  • ·CRISIL A Stable rating, ISO 9001, OSHA, ISO 14001 certified, Great Place to Work certified.
  • ·FY27 targets: 1.5 GW EPC commissioning, data centres in Hyderabad and Vizag, defence/aerospace expansion via inorganic growth.
  • ·850 MW BESS orders from Tamil Nadu and AP, annuity-based for 12 years.
Kansai Nerolac Paints LimitedResultmixedmateriality 9/10

06-05-2026

Kansai Nerolac Paints Limited's Board approved audited standalone financial results for FY26, showing revenue from operations up 3.2% YoY to ₹7739.23 Cr but profit after tax down 39.3% YoY to ₹619.85 Cr due to lower contribution from exceptional items compared to FY25. Dividend recommended at 250% (₹2.50 per share) versus 375% (₹3.75 per share, including special dividend) last year. Q4 FY26 revenue grew 7.6% YoY to ₹1873.44 Cr but declined 1.8% QoQ from ₹1907.35 Cr.

  • ·Unmodified auditor opinion on standalone financial results.
  • ·Total equity increased to ₹6695.77 Cr from ₹6366.23 Cr as at 31 Mar 2026.
  • ·Property, Plant and Equipment increased to ₹2026.00 Cr from ₹1935.67 Cr.
  • ·Inventories decreased to ₹1492.92 Cr from ₹1609.71 Cr.
BIRLASOFT LIMITEDCompany Updatemixedmateriality 9/10

06-05-2026

Birlasoft reported Q4 FY26 revenue of ₹13,486 Mn, up 2.4% YoY but only 0.1% QoQ in INR terms (down 3.7% QoQ in constant currency), amid declines in most verticals except Energy & Utilities (+1.8% QoQ). EBITDA margin expanded to 18.5% (third consecutive quarter of expansion), driving PAT up 44.1% YoY and 46.7% QoQ to ₹1,759 Mn, with cash & equivalents rising 6% QoQ and 19% YoY to ₹26,373 Mn. While deal wins improved to $208 M TCV (+3% QoQ), active clients fell to 221 and headcount declined to 11,363.

  • ·Board recommends final dividend of ₹4 per share.
  • ·DSO at 62 days (adjusted to 55 days).
  • ·Revenue contribution from Top 5/10/20 clients: 42.1%/55.1%/67.0%.
  • ·FY26 revenue down 6.0% YoY to $597.5 M.
  • ·Energy & Utilities vertical up 1.8% QoQ; other verticals declined QoQ.
  • ·Attrition at 13.0% (LTM).
  • ·Multiple ISG Provider Lens and Avasant recognitions as Leader/Challenger/Disruptor.
BIRLASOFT LIMITEDCorp. Actionpositivemateriality 9/10

06-05-2026

The Board of Directors of Birlasoft Limited approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with an unmodified auditor's opinion. They recommended a final dividend of ₹4 per equity share (200% on ₹2 face value), subject to AGM approval. Additionally, Mr. Mohanraj Janakiraman was designated as Senior Management Personnel effective May 6, 2026; one subsidiary reported a quarterly net loss of ₹11.64 million.

  • ·Board meeting held from 2:15 pm to 4:30 pm on May 6, 2026
  • ·Auditor: SR BC & CO LLP issued report confirming true and fair view in conformity with Indian accounting standards
Kansai Nerolac Paints LimitedCompany Updatemixedmateriality 9/10

06-05-2026

The Board of Kansai Nerolac Paints Limited approved the audited standalone financial results for FY26, showing revenue from operations up 3.3% YoY to ₹7739.23 Cr, but profit after tax declined sharply 39.3% to ₹619.85 Cr amid lower exceptional items contribution compared to prior year. Dividend recommended at 250% (₹2.50 per share) versus 375% (₹3.75 per share including special) last year. Auditors issued an unmodified opinion on the results.

  • ·Q3 FY26 Revenue from Operations ₹1907.35 Cr, down 1.8% QoQ from Q4 FY26.
  • ·Standalone EPS basic before exceptional FY26: ₹8.25 (flat YoY).
  • ·Paid-up Equity Share Capital: ₹80.87 Cr.
  • ·EPS basic after exceptional FY26: ₹7.67 (down from ₹12.63 FY25).
BIRLASOFT LIMITEDCompany Updatepositivemateriality 9/10

06-05-2026

The Board of Directors of Birlasoft Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified auditor's opinion confirming a true and fair view. They recommended a final dividend of ₹4 per equity share (200% on face value of ₹2), subject to AGM approval. Additionally, Mr. Mohanraj Janakiraman was designated as Senior Management Personnel; one subsidiary reported a quarterly net loss of ₹11.64 million but an annual profit of ₹16.62 million.

  • ·Board meeting held from 2:15 pm to 4:30 pm on May 6, 2026.
  • ·Auditor: SR BC & CO LLP issued unmodified opinion on consolidated financial results.
  • ·Mr. Mohanraj Janakiraman has over 20 years experience, associated with Birlasoft since February 2024, previously with Cognizant.
Prabhat Technologies (India) LtdInsolvencypositivemateriality 9/10

06-05-2026

The NCLT Mumbai Bench has passed a final order dated April 30, 2026, closing Company Petition CP (IB) No. 1874 of 2019 after successful implementation of the approved Resolution Plan for the quarter January to March 2026. The Resolution Applicant made payments to Unsecured Financial Creditors to acquire and relinquish rights to equity shares on preferential allotment basis, releasing Prabhat Technologies (India) Limited from related obligations. No appeals or legal proceedings are pending, and the petition stands closed.

  • ·Application IA(I.B.C)/1786(MB)2026 disposed of
  • ·NCLT order approving Resolution Plan dated October 16, 2025
  • ·Filed under Section 7 & 60(5) of the Insolvency and Bankruptcy Code, 2016
Kansai Nerolac Paints LimitedCorp Actionmixedmateriality 7/10

06-05-2026

The Board of Directors of Kansai Nerolac Paints Limited, in its meeting on May 6, 2026, approved the 106th Annual General Meeting to be held on July 9, 2026, and recommended a dividend of 250% (₹2.50 per share) for FY26 ended March 31, 2026, payable on or after July 14, 2026, to shareholders on record as of June 29, 2026. This dividend marks a decline from the 375% (₹3.75 per share) paid for FY25, which included a special dividend of 125% (₹1.25 per share), reflecting lower overall payout.

  • ·BSE Scrip Code: 500165
  • ·NSE Symbol: KANSAINER
  • ·Record Date: Monday, June 29, 2026 (for both physical and beneficiary holders)
Kansai Nerolac Paints LimitedCorp. Actionmixedmateriality 7/10

06-05-2026

The Board of Kansai Nerolac Paints Limited approved the 106th AGM on Thursday, 9th July, 2026, and recommended a dividend of 250% (₹2.50 per share) for FY ended 31st March, 2026. This is lower than the 375% (₹3.75 per share) paid for FY ended 31st March, 2025, which included a special dividend of 125% (₹1.25 per share). The record date is Monday, 29th June, 2026, with payment on or after Tuesday, 14th July, 2026.

  • ·BSE Scrip Code: 500165
  • ·NSE Symbol: KANSAINER
  • ·Disclosure under Regulation 30 and 42 of SEBI (LODR) Regulations, 2015
Kansai Nerolac Paints LimitedCorp Actionmixedmateriality 8/10

06-05-2026

The Board of Kansai Nerolac Paints Limited approved the 106th AGM on July 9, 2026, with record date of June 29, 2026 for dividend payment on or after July 14, 2026. They recommended a dividend of 250% (₹2.50 per share) for FY ended March 31, 2026, down from 375% (₹3.75 per share) paid last year which included a special dividend of 125% (₹1.25 per share). This reflects flat base dividend performance excluding the prior special payout.

  • ·BSE Scrip Code: 500165
  • ·NSE Symbol: KANSAINER
  • ·CIN: L24202MH1920PLC000825
  • ·Board meeting held on May 6, 2026
Wipro LimitedCompany Updatepositivemateriality 4/10

06-05-2026

Wipro Limited granted 2,65,00,177 ADS Restricted Stock Units and 1,27,00,858 Restricted Stock Units under its Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 to identified employees of the company and its subsidiaries, effective May 4, 2026. The grants were approved by the Nomination and Remuneration Committee and will vest according to the approved schedule. No financial impact or performance metrics were disclosed in this update.

  • ·Filing disclosed to BSE (507685) and NSE (WIPRO)
  • ·Vesting and exercise periods as approved by Nomination and Remuneration Committee
Jio Financial Services LimitedCompany Updatepositivemateriality 7/10

06-05-2026

Jio Financial Services Limited subscribed to and was allotted 30,00,00,000 equity shares of Rs. 10/- each in its wholly owned subsidiary Jio Finance Platform and Service Limited (JFPSL) for Rs. 300 crore at par. This brings the aggregate investment by the company in JFPSL to Rs. 335 crore, to be utilized for funding its business operations. The transaction is a related party transaction on an arm's length basis, with no interest from promoters or group companies and no regulatory approvals required.

  • ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·Investment made at 2.36 p.m. on May 6, 2026
  • ·Further to disclosure dated August 15, 2024
  • ·Scrip Code: 543940, Trading Symbol: JIOFIN
Integrated Hi-tech ltd.Insolvencyneutralmateriality 4/10

06-05-2026

Integrated Hitech Limited informed BSE about the withdrawal of its Company Petition No. CP(CA)/105/CHE/2025 filed before NCLT Chennai for reduction of share capital under Section 66 of the Companies Act, 2013, due to a technical discrepancy. The withdrawal was approved through a Circular Resolution dated May 6, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. No financial impact or further details on the discrepancy were disclosed.

  • ·CIN: L72300TN1993PLC024583
  • ·BSE Code: 532303
  • ·Registered Office: 150/115, Cisons Complex, 3RD Floor, Moniteth Road Egmore, Chennai-8, Tamil Nadu, India, 600008
  • ·Corporate Office: B-103 Ansa Industrial Estate, Sakinaka Andheri East, Mumbai, Maharashtra, India, 400072
Integrated Hi-tech ltd.Insolvencypositivemateriality 8/10

06-05-2026

Integrated Hitech Limited (BSE: 532303) informed BSE that the NCLT Chennai held a hearing on Company Petition No. CP(CA)/105/CHE/2025 and allowed the company's withdrawal petition, disposing of the matter as withdrawn. This insolvency-related petition has been fully resolved with no further proceedings. The intimation complies with Regulation 30 of SEBI (LODR) Regulations, 2015.

  • ·CIN: L72300TN1993PLC024583
  • ·BSE Code: 532303
  • ·Petition Number: CP(CA)/105/CHE/2025
  • ·NCLT Bench: Chennai
  • ·Filing Date: May 06, 2026
  • ·Registered Office: 150/115, Cisons Complex, 3RD Floor, Moniteth Road, Egmore, Chennai-8, Tamil Nadu, India, 600008
Kansai Nerolac Paints LimitedCompany Updateneutralmateriality 3/10

06-05-2026

The Board of Directors of Kansai Nerolac Paints Limited, at their meeting on May 6, 2026, approved the appointment of D. C. Dave & Co., Cost Accountants (Registration No. 000611), as the Cost Auditor for FY 2026-27. The firm has over three decades of experience in statutory cost audits, serving industries including paints, chemicals, and automotive. The board meeting commenced at 1.45 p.m. and concluded at 4.15 p.m.

  • ·Appointment pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·SEBI Scrip Code - 500165, NSE Symbol - KANSAINER
  • ·No relationship between the firm and Directors
Kansai Nerolac Paints LimitedCompany Updateneutralmateriality 3/10

06-05-2026

Kansai Nerolac Paints Limited has uploaded the audio recording of the Q4 FY 2025-26 Financial Results Conference Call, held on May 6, 2026, at 17:30 hrs India Time, on their website at https://www.nerolac.com/investors/conference-call-with-investors.html. The transcript will be shared with stock exchanges and uploaded on the company's website in due course. This follows prior intimations on April 27, 2026, and May 6, 2026, in compliance with Regulation 30(6) of SEBI LODR Regulations, 2015.

  • ·BSE Scrip Code: 500165, NSE Symbol: KANSAINER
  • ·Registered Office: 28th Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai - 400 013
  • ·CIN: L24202MH1920PLC000825
Adani Power LimitedCompany Updatemixedmateriality 9/10

06-05-2026

Adani Power reported robust FY26 EBITDA of INR23,431 crore and PAT of INR12,971 crore despite tepid power demand growth of only 0.8% YoY and stable continuing revenue of INR55,583 crore. Q4 FY26 performance was strong with EBITDA up 27% YoY to INR6,498 crore and PAT surging 64% YoY to INR4,271 crore, supported by 74% PLF and 27.2 billion units sales, though full-year PLF was 66.5% amid demand volatility. The company achieved 105 billion units generation, tied up 13.3 GW expansion capacity under PPAs (95% of 18.15 GW operating capacity secured), and progressed on projects like Mahan Phase-II (86% complete).

  • ·Capex FY27 ~INR25,000 Cr, FY28 ~INR33,000 Cr.
  • ·Total debt INR53,556 Cr, net debt INR45,022 Cr as of Mar 31, 2026.
  • ·95% operating capacity under long-term/medium-term PPAs.
  • ·Merchant capacity reduced from 16% to 5%.
  • ·1,600 MW PPA LoA from Maharashtra DISCOM.
  • ·Korba Phase-II commissioning expected Jun-Sep FY27.
Larsen & Toubro LimitedCompany Updatepositivemateriality 9/10

06-05-2026

Larsen & Toubro's Minerals & Metals business secured its largest-ever domestic order, classified as Mega (₹5,000-10,000 Cr), from JSW Steel for comprehensive engineering, procurement, and installation of Blast Furnaces and Steel Melt Shops across brownfield/greenfield expansions in Ballari (Karnataka) and Paradip (Odisha). This supports JSW Steel's strategic expansion of crude steel capacity from 35 MTPA to over 50 MTPA by 2031, building on a three-decade partnership. L&T, a USD 32 billion multinational, emphasized its leadership in complex metallurgical projects with no reported challenges or declines.

  • ·Order classification: Mega (₹5,000 to 10,000 Cr)
  • ·Project sites: Ballari (Karnataka) and Paradip (Odisha)
  • ·Partnership duration: over three decades
  • ·Filing date: May 06, 2026
Adani Power LimitedCompany Updateneutralmateriality 3/10

06-05-2026

Adani Power Limited has intimated under Regulation 30 of SEBI (LODR) Regulations, 2015, its participation in the Adani Annual Conference – India Chapter, an in-person group meeting with investors and analysts in Mumbai on June 03-04, 2026, from 10:00 am to 4:00 pm IST. The schedule is subject to changes due to company exigencies.

  • ·Scrip Code: 533096 (BSE), ADANIPOWER (NSE)
  • ·Registered Office: “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421, Gujarat, India
  • ·CIN: L40100GJ1996PLC030533
Wipro LimitedCompany Updateneutralmateriality 4/10

06-05-2026

Wipro Limited allotted 38,24,940 equity shares under ADS Restricted Stock Unit Plan 2004, 1,59,198 equity shares under Restricted Stock Unit Plan 2007, and 14,65,258 equity shares under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on May 5, 2026, pursuant to exercise of ESOPs. The company informed BSE Limited (BSE: 507685) and National Stock Exchange of India Limited (NSE: WIPRO) on May 6, 2026.

  • ·Allotment pursuant to exercise of ESOPs
  • ·Filing date: May 06, 2026
Adani Green Energy LimitedCompany Updateneutralmateriality 2/10

06-05-2026

Adani Green Energy Limited has intimated exchanges about its participation in the Adani Annual Conference – India Chapter, an in-person group meeting with investors/analysts in Mumbai on June 03-04, 2026, from 10:00 am to 4:00 pm IST, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The date is subject to changes due to company exigencies.

  • ·Scrip Codes: 541450 (BSE), ADANIGREEN (NSE)
  • ·Contact: Tel +91 79 2555 5555, Fax +91 79 2555 5500, investor.agel@adani.com
Adani Enterprises LimitedCompany Updateneutralmateriality 3/10

06-05-2026

Adani Enterprises Limited has informed stock exchanges about upcoming in-person interactions with investors and analysts scheduled for June 03-04, 2026, in Mumbai, as part of the Adani Annual Group Conference – India Chapter, from 10:00 am to 4:00 pm IST. The presentation for these meetings is available on the company's website at www.adanienterprises.com. This disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.

  • ·Scrip Code: 512599 (BSE), ADANIENT (NSE)
  • ·Filing Date: May 06, 2026
Bondada Engineering LimitedCompany Updateneutralmateriality 1/10

06-05-2026

BSE sought clarification from Bondada Engineering Limited (543971) on May 06, 2026. No details on the subject of the clarification, company response, or any corporate actions are disclosed. Sector not specified.

Adani Ports and Special Economic Zone LimitedCompany Updateneutralmateriality 3/10

06-05-2026

Adani Ports and Special Economic Zone Limited has intimated about an upcoming in-person investor/analyst interaction at the Adani Annual Conference – India Chapter in Mumbai on June 03-04, 2026, from 10:00 am to 4:00 pm IST, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The presentation for the meeting is uploaded on the company’s website www.adaniports.com. The date is subject to changes due to exigencies.

  • ·Scrip Code: 532921 (BSE), ADANIPORTS (NSE)
  • ·Ref No: APSEZL/SECT/2026-27/18
  • ·Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India
  • ·CIN: L63090GJ1998PLC034182
Adani Ports and Special Economic Zone LimitedCompany Updateneutralmateriality 8/10

06-05-2026

Adani Ports and Special Economic Zone Limited has released the transcript of the Earnings Call pertaining to the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. The transcript is accessible via the provided web link: https://www.adaniports.com/-/media/project/ports/investor/transcripts/apsez-q4fy26-earnings-conference-call_transcript.pdf. This follows the company's intimation dated April 30, 2026.

  • ·Scrip Code: 532921 (BSE), ADANIPORTS (NSE)
  • ·Ref No: APSEZL/SECT/2026-27/19
  • ·CIN: L63090GJ1998PLC034182
  • ·Filing addresses: Floor 25, P J Towers, Dalal Street, Mumbai – 400 001; Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Tayo Rolls Ltd-$Insolvencynegativemateriality 10/10

06-05-2026

Tayo Rolls Limited remains under Corporate Insolvency Resolution Process (CIRP) since October 30, 2019, managed by Resolution Professional Mr. Anish Agarwal, with NCLT Kolkata approving JBVNL's acquisition resolution plan on December 17, 2024, but implementation stayed by NCLAT New Delhi. The erstwhile Compliance Officer, Harpreet Kaur Bhamra, informs BSE of a compliance deadlock due to disputes between SRA (JBVNL) and RP, rendering quarterly and annual statutory filings for March 31, 2026 impossible. Official email and website are inoperative, shifting compliance responsibility to SRA/RP.

  • ·Previous notices to BSE: April 6, 2019 (admission to insolvency); May 30, 2025 (deadlock for March 31, 2025); December 18, 2024 (NCLT approval).
  • ·Corporate Identity Number (CIN): L27105JH1968PLC000818.
  • ·Registered Office: Road No. 11, Qr. No. 3, C. H. Area (North East), Bistupur, Jamshedpur-831001, Jharkhand, India.
  • ·Stock Code: 504961.
TVS Motor Company LimitedCompany Updatepositivemateriality 7/10

06-05-2026

TVS Motor Company launched the TVS iQube S 4.7 kWh variant, priced at ₹1,37,142 (ex-showroom Delhi, inclusive of subsidies), offering an IDC-certified range of 175 km with new color options including Magnificence Purple Beige, Harlequin Blue Beige, and Titanium Grey Matte. This upgrade enhances battery capacity for daily and longer commutes while maintaining a familiar riding experience. TVS iQube, trusted by over 900,000 Indian families, is available in over 1,000 cities across 3,300 dealerships.

  • ·Launch announced on May 6, 2026 at 11:42 A.M. IST
  • ·Scrip codes: BSE 532343, NSE TVSMOTOR
TVS Motor Company LimitedCompany Updateneutralmateriality 4/10

06-05-2026

TVS Motor Company Limited announced a post-results conference call with 360 ONE Capital Market Private Limited on May 13, 2026, at 5:00 PM IST to discuss Q4 FY26 financial performance for the quarter ended March 31, 2026. Management representatives include Mr. K N Radhakrishnan, Director and CEO, and Mr. K Gopala Desikan, CFO. The disclosure complies with Regulation 30 of SEBI LODR Regulations, 2015, and includes dial-in details for participants.

  • ·Scrip codes: BSE 532343, NSE TVSMOTOR
  • ·Conference call registration: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=9685005&linkSecurityString=4f4a034992
  • ·Dial-in numbers: Universal +91 22 6280 1222 / 7115 8123; USA toll-free 1 866 746 2133

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