India NCLT Insolvency Resolution Filings — March 19, 2026

19-03-2026

The National Company Law Tribunal (NCLT) Chennai Bench approved the Resolution Plan submitted by Successful Resolution Applicant Guruswamy Ramamurthy for Rajeswari Infrastructure Limited on January 13, 2026, concluding the Corporate Insolvency Resolution Process (CIRP) initiated via petition by Intec Capital Limited and admitted on May 10, 2023. The plan received CoC approval with 84.37% voting share after multiple revisions, extensions, and abstentions (e.g., Religare Finvest Limited at 68.91% initially abstained). The order disposes of related applications, including one seeking recovery of ₹2.19 Cr from respondent Guruswamy Ramamurthy.

• ·CIRP petition CP(IB)/133(CHE)/2022 admitted on May 10, 2023; public announcement on May 17, 2023 with claims deadline May 25, 2023
• ·Multiple CoC extensions approved: 90 days (Jan 19, 2024), further 90 days (May 9, 2024), 60 days (Sep 9, 2024), further 60 days (Oct 8, 2024), additional 60 days (Dec 16, 2024), and 30 days (Jan 2025)
• ·Resolution Plan e-voting extended from Nov 11, 2024 to Dec 25, 2024 at request of Union Bank of India
• ·CoC reconstituted after claim from Religare Finvest Limited (Aug 18, 2023 order)
• ·Addendum to Resolution Plan approved by CoC with 100% voting on Aug 25, 2025 proceedings

19-03-2026

JCT Limited, under Corporate Insolvency Resolution Process (CIRP), has scheduled its thirteenth meeting of the Committee of Creditors (CoC) on March 20, 2026, at 4:00 PM via video conferencing. The intimation was issued by Resolution Professional Umesh Garg on March 18, 2026, and disclosed to BSE Limited under Regulation 30 of SEBI (LODR), 2015. No financial outcomes or decisions from the meeting were detailed in this update.

• ·Scrip Code: 500223
• ·CIN: L17117PB1946PLC004565
• ·IBBI Reg. No.: IBBI/IPA-001/IP-P00135/2017-2018/10277

19-03-2026

Adani Enterprises Limited's Rights Issue Committee, at its meeting on March 19, 2026, approved the conversion of 13,74,74,268 partly paid-up equity shares (75% paid-up, comprising ₹0.75 face value and ₹1,349.25 premium per share) into fully paid-up equity shares of ₹1.00 face value each, upon receipt of the second and final call money via ASBA facility. This follows prior communications on February 9 and 17, 2026. No other performance metrics or declines reported.

• ·ISIN: INE423A01024
• ·BSE Scrip Code: 512599
• ·NSE Scrip Code: ADANIENT
• ·Previous letters dated February 9, 2026 and February 17, 2026
• ·CIN: L51100GJ1993PLC019067

19-03-2026

Compuage Infocom Limited, under Corporate Insolvency Resolution Process (CIRP) pursuant to NCLT order dated April 29, 2024 (received May 9, 2024), has intimated the scheduling of its 24th Committee of Creditors meeting on March 25, 2026, at 3:00 P.M. The company's affairs, business, and assets are managed by Resolution Professional Mr. Gajesh Labhchand Jain. No financial performance metrics or period comparisons are disclosed in this regulatory filing.

• ·RP Registration No.: IBBI/IPA-001/IP-P-01697/2019-2020/12588; Validity: December 31, 2026
• ·Company CIN: L99999MH1999PLC135914
• ·Security Code (BSE): 532456; Symbol (NSE): COMPINFO

19-03-2026

Wipro Limited launched a new hub at GIFT City, Gandhinagar, on March 19, 2026, to accelerate AI-powered BFSI transformation, offering 150 ready-to-deploy seats scalable to 500 based on client demand. The hub aligns with Wipro Intelligence™ to deliver solutions in digital banking, capital markets, regulatory technology, risk, compliance, and core platform modernization. It enhances co-innovation capabilities and leverages Gujarat's talent ecosystem, with quotes from Sanjeev Jain (COO) and Shri Harsh Sanghavi (Deputy CM of Gujarat) emphasizing strategic growth.

• ·Hub located at Gujarat International Finance Tec-City (GIFT City), Gandhinagar
• ·Operations across 65 countries
• ·Stock symbols: NYSE: WIT, BSE: 507685, NSE: WIPRO
• ·Filing date: March 19, 2026

19-03-2026

ICRA Limited has affirmed the [ICRA] AAA (Stable) rating for ONGC's ₹8,500 Crore Non-Convertible Debentures (NCD) programme while withdrawing ratings for ₹500 Crore and ₹860 Crore NCDs due to no outstanding amounts. ONGC's oil and gas production totaled 41.08 MMTOE in FY2025 (down 1.68% YoY) and 30.64 MMTOE in 9M FY2026 (down 0.55% YoY), reflecting slight declines amid challenges in reserve replacement, though new projects like Daman Upside are expected to support future growth. The company maintains a strong financial position with healthy profitability (OPM 13.4% in FY2025, up to 15.9% in 9M FY2026) and liquidity exceeding ₹32,000 Crore.

• ·Proven reserves stood at ~526 MMTOE as on March 31, 2025.
• ·OVL production: ~10 MMTOE in FY2025 and ~7 MMTOE in 9M FY2026.
• ·Daman Upside project scheduled for commissioning March–April 2026 with peak ~5 mmscmd.
• ·Multiple DSFII fields expected from April 2027.
• ·Mozambique LNG force majeure ended November 2025; production by 2028.
• ·GoI holds 58.89% stake as on December 31, 2025.
• ·ONGC contributes 63% to domestic crude oil and natural gas production.

19-03-2026

Adani Ports and Special Economic Zone Limited has expressed in-principle interest to serve as one of the Implementing Entities under the Resolution Plan submitted by Adani Enterprises Limited for Jaiprakash Associates Limited, approved by the NCLT Allahabad bench on March 17, 2026. The interest pertains to acquiring certain aviation assets from JAL and gaining indirect control over Kanpur Fertilizers and Chemicals Limited (including its industrial and commercial lands in Kanpur), potentially through subsidiaries Karnavati Aviation Private Limited and/or Mandhata Build Estate Limited, subject to necessary approvals. No financial terms or timelines for completion were disclosed.

• ·NCLT order uploaded on website on March 18, 2026.
• ·Ref No: APSEZL/SECT/2025-26/153.
• ·Scrip Code: 532921 (BSE), ADANIPORTS (NSE).

19-03-2026

Adani Power Limited has expressed in-principle interest to serve as one of the Implementing Entities under the Resolution Plan submitted by Adani Enterprises Limited for the insolvent Jaiprakash Associates Limited, approved by the National Company Law Tribunal (NCLT) Allahabad bench on March 17, 2026. The company intends to acquire certain power assets and investments from JAL, subject to necessary approvals. This disclosure was made to BSE and NSE on March 19, 2026.

• ·NCLT order uploaded on NCLT website on March 18, 2026
• ·CIN: L40100GJ1996PLC030533

19-03-2026

NCLT Allahabad Bench approved the resolution plan submitted by Adani Enterprises Limited for Jaiprakash Associates Limited on March 17, 2026, with the order uploaded on March 18, 2026; existing shares will be cancelled for zero consideration, resulting in 100% ownership by the Implementing Entity and delisting at NIL exit price for shareholders. The plan includes payments to creditors such as ₹6,005 Cr upfront to assenting secured non-class financial creditors and up to ₹800 Cr infusion commitment by the resolution applicant, while the company's pre-CIRP net worth stands at negative ₹69,034 Cr. The company will continue as a going concern, but equity holders receive nothing amid significant creditor haircuts, including NIL for assenting unsecured non-class financial creditors.

• ·Effective Date not later than 90 days from March 17, 2026 (Plan Approval Date).
• ·NIL payment to Assenting Unsecured Non Class Financial Creditors.
• ·CIRP Costs and Standstill Period Costs to be discharged at actuals on Effective Date.
• ·Security over JPVL shares held by JAL continues in favour of JPVL lenders.

19-03-2026

ITC Limited announced that its members have approved via postal ballot through e-voting the appointment of Mr. Navin Agarwal (DIN: 10684167) as a Non-Executive Director, liable to retire by rotation, for a period of three years effective from April 1, 2026. Mr. Agarwal, aged 55 and representing the Specified Undertaking of the Unit Trust of India (SUUTI), brings nearly three decades of experience in public finance, capital markets, and public sector governance. He currently serves as Joint Secretary in the Department of Investment and Public Asset Management, Ministry of Finance, Government of India, and has confirmed no debarment from holding directorship.

• ·Appointment follows letters dated January 29, 2026, and February 12, 2026.
• ·Education: Bachelors in Economics (Delhi University), Masters in Climate Change, Management & Finance (Imperial Business School, London), Master of Public Administration in Finance and Fiscal Policy (Cornell University, USA).
• ·Joined Indian Railway Personnel Service in 1997; prior roles include Director in Department of Economic Affairs and Executive Director on Railway Board.
• ·No relationships with other directors.
• ·Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Master Circular dated January 30, 2026.

19-03-2026

Bharat Coking Coal Limited achieved a record single-day coal booking of approximately 2,36,850 tonnes under its Special Discount Scheme offering discounts from ₹100 to ₹600 per tonne. Bookings included 1,80,000 tonnes via rail mode across 45 rakes and 56,850 tonnes via road mode, reflecting strong consumer response. This milestone underscores the effectiveness of the company's consumer-centric policies, expected to support steel and core industries.

• ·E-auction conducted on March 18, 2026
• ·Scrip Code: 544678
• ·ISIN: INE05XR01022
• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

19-03-2026

Tata Consultancy Services (TCS) has announced a global strategic partnership with Amadeus to accelerate modern airline retailing, with TCS developing the next-generation Service Center User Interface for Amadeus Nevio, a cloud-native SaaS product integrating AI-led insights for personalized travel experiences. The collaboration aims to enhance airline servicing, reduce costs, improve resolution times, and unlock revenue through upselling, while expanding into areas like airport operations. TCS reported consolidated revenues of over US $30 billion for the fiscal year ended March 31, 2025.

• ·TCS Corporate Identity No. (CIN): L22210MH1995PLC084781
• ·TCS founded in 1968, aspires to be the world's largest AI-led technology services company
• ·Partnership to support Nevio implementations for airlines, with potential expansion to airport operations

19-03-2026

HDFC Bank Limited informed stock exchanges that the audio recording of the analyst and investor call held on March 19, 2026, in relation to the Bank's intimation dated March 18, 2026, is now available on the Bank's website at https://www.hdfc.bank.in/about-us/investor-relations. This follows prior intimations on March 18 and 19, 2026. The disclosure was signed by Ajay Agarwal, Company Secretary and Group Head – Secretarial & Group Oversight.

• ·CIN: L65920MH1994PLC080618
• ·Scrip Code: 500180 (BSE), HDFCBANK (NSE)
• ·Filing Reference: SE/2025-26/203

19-03-2026

ICICI Bank received a GST demand order of ₹384.34 Cr plus an equivalent amount of penalty and interest on March 18, 2026, under Section 74 of the Maharashtra GST Act, 2017, related to services for customer accounts with specified minimum balances. The aggregate amount exceeds the Bank's materiality threshold, necessitating disclosure under Regulation 30 of SEBI LODR. The Bank intends to contest the order through a writ petition, as it is already in litigation on similar past issues.

• ·Order issued by Additional Commissioner of CGST and CEx., Mumbai East Commissionerate
• ·Received on March 18, 2026 at 03:42 p.m.
• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

19-03-2026

Larsen & Toubro Limited (L&T) received Observation Letters from BSE Limited (dated 18 March 2026) and National Stock Exchange of India Limited (NSE, dated 19 March 2026) providing 'No Objection' for the proposed Scheme of Arrangement involving the slump sale of L&T's realty undertaking to L&T Realty Properties Limited (LTRPL), following board approval on 08 December 2025. The letters outline extensive compliance conditions, including disclosures on financials, valuations, risks, ongoing proceedings, and shareholder impacts, with the scheme valid for NCLT filing within six months from 19 March 2026. No financial metrics or changes are disclosed in this intimation.

• ·Observation Letters issued under Regulation 37 of SEBI (LODR) Regulations, 2015.
• ·Scheme to be filed with NCLT within 6 months from 19 March 2026.
• ·Company must disclose additional details like latest financials (not older than 6 months), pre/post scheme shareholding, revenue/PAT/EBITDA for last 3 years, and impact on reserves/securities premium.

19-03-2026

Ansal Properties & Infrastructure Limited has provided prior intimation of the 50th Meeting of the Committee of Creditors for its Fernhill project in District Gurgaon, Haryana, scheduled for March 23, 2026, managed by Resolution Professional Shri Jalesh Kumar Grover. The company's Corporate Insolvency Resolution Process has been confined to Lucknow and Rajasthan projects per NCLAT order dated January 2026, following a settlement with IL&FS Financial Services Limited, while the Serene Residency project in Greater Noida had its resolution plan approved by NCLT on October 6, 2025. No financial outcomes or changes from the meeting are disclosed.

• ·Initial CIRP admission for APIL on November 16, 2022, later confined to Fernhill project per NCLAT order dated January 13, 2023.
• ·Settlement agreement dated March 3, 2022, between IL&FS Financial Services Limited and Ansal Properties and Infrastructure Limited.