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India NCLT Insolvency Resolution Filings — March 23, 2026

India Corporate Insolvency & NCLT

12 high priority11 medium priority23 total filings analysed

Executive Summary

Across 23 filings in the India Corporate Insolvency & NCLT stream, a dominant theme is prolonged distress in insolvency proceedings, with 8 companies (e.g., Reliance Home Finance re-issuing Form G, Baron Infotech opening resolution plans without outcomes, Educomp restarting fresh CIRP within 100 days) showing no resolution and negative sentiment, signaling extended uncertainty and value erosion risks. Positive outliers include operational expansions like Adani Green adding 510.1 MW capacity (total renewable at 17,982.3 MW, no declines reported) and AI Champdany resolving NCLT petition via settlement. Neutral procedural updates dominate non-insolvency filings, such as trading window closures ahead of Q4/FY26 results (LIC Housing, TTK Prestige, TCS Apr 9, Kansai Nerolac May 6) and share allotments (Infosys 200,596 shares). Portfolio-level patterns reveal insolvency cluster in infra/finance/IT (Punj Lloyd liquidation mtg Mar 25, VAS Infra NCLT hearing Apr 21), contrasting bullish capacity/stake builds in renewables/healthcare/aviation/telecom. No aggregate YoY/QoQ financial trends available, but forward catalysts cluster in late Mar/early Apr (CoC mtgs) and May (earnings). Implications: Avoid deep exposure to ongoing CIRPs; favor operational positives like Adani/IndiGo for near-term momentum.

Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from March 22, 2026.

Investment Signals(11)

  • Operationalized 510.1 MW across 5 SPVs (e.g., Solar 125 MW, Wind 137.5 MW), boosting total renewable capacity to 17,982.3 MW with power generation started Mar 22; no declines/flat metrics

  • NCLT Kolkata disposed insolvency petition (CP(IB) No. 80/2025) post amicable settlement Mar 11, resolving all applications with clarity

  • InterGlobe Aviation (IndiGo)(BULLISH)

    Appointed aviation veteran Aloke Singh as Chief Strategy Officer effective Apr 6 to drive transformation; operates 400+ fleet, 124M CY25 customers, Skytrax/Cirium awards

  • Completed acquisition of 30.58% stake (41.65M shares) in subsidiary AHLL from IFC for ₹125.41 Cr post-CCI approval Jan 20, lifting effective holding to 99.42%

  • Deployed 2,750+ 5G sites across 36 Gujarat districts (8/day avg over 12 months), covering 41M customers; launched ₹399 unlimited data pack amid rising consumption

  • Wipro(BULLISH)

    Expanded Seoul office and launched AI-focused Innovation Lab (WIN network), post-HARMAN DTS acquisition adding 5,000 pros; 9 global labs, strategic growth in SK automotive/tech

  • Infosys(NEUTRAL)

    Allotted 200,596 equity shares (₹5 FV) under 2015/2019 plans, increasing paid-up capital to ₹20,277 Cr (4.055B shares); standard employee incentive

  • Ongoing CIRP with re-issued Form G Mar 20 (Financial Express/Navakal), no resolution/financial improvements, prolonged distress

  • Baron Infotech(BEARISH)

    CIRP CoC mtg Mar 23 opened/noted resolution plans but no outcomes disclosed, ongoing without resolution

  • NCLT Mar 13 referred SRA (Igraa/Hitesh) to IBBI under Sec 74 for non-implementation; fresh CIRP mandated within 100 days by 63% creditor vote led by SBI

  • 10th CoC mtg scheduled Mar 25 under CIRP, no resolution progress indicated

Risk Flags(8)

  • Re-issued Form G Mar 20 signals stalled CIRP, no resolution achieved, highlighting prolonged distress and asset value risks

  • Baron Infotech/CIRP[HIGH RISK]

    CoC Mar 23 noted resolution plans but no approval/outcomes, extended process erodes creditor recoveries

  • SRA penalized under Sec 74 (potential 1-5yr jail/₹1L-1Cr fine), fresh CIRP restarts Mar 13 deadline within 100 days, lender revolt (SBI-led 63%)

  • 10th CoC mtg Mar 25 amid ongoing process, no resolution plans approved, deepening insolvency

  • VAS Infrastructure/CIRP[ELEVATED RISK]

    NCLT Mumbai to review Authum RP Apr 21, but current CIRP status implies unresolved creditor claims

  • Punj Lloyd/Liquidation[HIGH RISK]

    24th Stakeholders Consultation Committee mtg Mar 25 discusses liquidation developments, no revival path

  • Vedanta/NCLAT News[HIGH RISK]

    BSE clarification sought on Economic Times report 'Vedanta moves NCLAT', potential insolvency appeal undisclosed, high uncertainty

  • India Radiators/Amalgamation[MEDIUM RISK]

    Second Motion Petition to NCLT Chennai for merger with Mercantile Ventures, multiple prior filings (Feb-Mar 2026) indicate procedural delays

Opportunities(8)

  • 510 MW hybrid/solar/wind commissioned at Khavda, total 17,982 MW operational; potential for PPA ramps and renewable demand tailwinds

  • Full NCLT disposal Mar 11 post-settlement clears overhang, possible re-rating post-resolution

  • Aloke Singh CSO Apr 6 leverages Air India Express exp for IndiGo's 400+ fleet growth to 95+ domestic/40+ int'l routes

  • 99.42% AHLL control post-₹125 Cr buyout enhances primary care synergies, no adverse impacts

  • Gujarat 2,750 sites/41M customers positions for data monetization via ₹399 pack, top-3 global operator

  • New Seoul AI lab + HARMAN synergies target SK tech/auto, APMEA expansion amid global 9 labs

  • VAS Infrastructure/NCLT Hearing(TURNAROUND OPPORTUNITY)

    Authum RP consideration Apr 21 could approve plan, unlocking value in ongoing CIRP

  • India Radiators/Scheme Approval(MERGER ARBITRAGE)

    NCLT Second Motion for Mercantile merger could consolidate, post multiple filings

Sector Themes(5)

  • Prolonged CIRP Across Infra/Finance (6/8 Insolvencies)

    Reliance HF, Punj Lloyd, VAS Infra, AGS Transact show extended processes (CoC mtgs Mar 25, NCLT Apr 21) without resolutions, avg materiality 9/10; implies creditor haircuts, avoid unless deep value

  • Insolvency Resolutions Rare but Material (1/8 Positive)

    AI Champdany settlement/NCLT disposal contrasts cluster, highlights settlement alpha if monitored early

  • Trading Window Closures Pre-Earnings (6 Companies)

    LIC Housing (Apr1+), TCS (Mar24-Apr9 results), Kansai/TTK (May) standard but flags Q4/FY26 result catalysts Apr-May; neutral sentiment, watch for beats/misses

  • Operational Expansions in Renewables/Telecom/Health

    Adani +510MW (no YoY declines), Airtel +2,750 5G sites (12mo avg 8/day), Apollo 30% stake buy; bullish non-insolvency theme amid distress backdrop

  • Neutral Procedural in IT/Consumer

    Infosys allotment (200k shares), M&M investor visit, TTK/Kansai board mtgs; low materiality (2-6/10), no conviction signals like insider buys

Watch List(7)

  • TCS/Board Meeting
    👁

    Q4/FY26 results + dividend Apr 9; trading window closed Mar24, potential dividend yield signal [Apr 9, 2026]

  • Punj Lloyd/Stakeholders Mtg
    👁

    24th liquidation discussion Mar 25; track developments in asset sales [Mar 25, 2026]

  • CIRP update via VC Mar 25; monitor resolution plan progress [Mar 25, 2026]

  • VAS Infrastructure/NCLT Hearing
    👁

    Authum RP review IA 41/2025; approval could resolve CIRP [Apr 21, 2026]

  • Audited Q4/FY26 results + dividend May 6; trading window to May 8 [May 6, 2026]

  • FY26 results approval May 22; window closed to May 24 [May 22, 2026]

  • Vedanta/NCLAT Clarification
    👁

    Response to BSE on Economic Times insolvency news; confirm appeal status [Post-Mar 23, 2026]

Filing Analyses(23)
Adani Green Energy LimitedCompany Updatepositivemateriality 9/10

23-03-2026

Adani Green Energy Limited has operationalized an aggregate 510.1 MW of power projects at Khavda, Gujarat, through its stepdown subsidiaries, increasing its total operational renewable generation capacity to 17,982.3 MW. The decision to commission these plants was made at 10.58 p.m. on March 22, 2026, with power generation commencing from the same date. No declines or flat performance metrics were reported.

  • ·SPVs and capacities: Adani Green Energy Twenty Six B Limited (Solar 125 MW, Hybrid 16 MW); Adani Green Energy Twenty Four Limited (Solar 150 MW); Adani Hybrid Energy Jaisalmer Five Limited (Wind 2.6 MW, Hybrid 54 MW); Adani Solar Energy Jodhpur Six Limited (Solar 25 MW); Adani Green Energy Twenty Six A Limited (Wind 137.5 MW)
  • ·Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·Filing addressed to BSE Limited (Scrip Code: 541450) and National Stock Exchange of India Limited (Scrip Code: ADANIGREEN)
LIC Housing Finance LimitedInsider Trading / Sastneutralmateriality 3/10

23-03-2026

LIC Housing Finance Limited announced the closure of its trading window from April 1, 2026, until 48 hours after the declaration of audited financial results for the fourth quarter and financial year ended March 31, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. Designated persons and their immediate relatives are prohibited from trading in the company's securities during this period. The company updated the Structurally Disclosed Depository (SDD) on the closure on March 23, 2026.

  • ·Scrip ID: LICH SGFIN; Scrip Code: 500253
  • ·CIN: L65922MH1989PLC052257
  • ·References SEBI Circulars: SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 (Aug 5, 2022), SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/12 (Jul 19, 2023), SEBI/HO/ISD-PoD-2/P/CIR/2025/55 (Apr 21, 2025)
Infosys LimitedCompany Updateneutralmateriality 4/10

23-03-2026

Infosys Limited allotted 2,00,596 equity shares of ₹5 each on March 23, 2026, pursuant to the exercise of Restricted Stock Units by eligible employees, following a Board resolution dated March 18, 2026. The allotment comprises 35,549 shares under the 2015 Incentive Compensation Plan and 1,65,047 shares under the Infosys Expanded Stock Ownership Program 2019. Consequently, the issued and subscribed share capital increased to ₹20,27,79,58,615 divided into 4,05,55,91,723 equity shares.

  • ·Board resolution dated March 18, 2026
  • ·Allotment approved and effective March 23, 2026
  • ·Face value of each equity share: ₹5
Reliance Home Finance LimitedInsolvencynegativemateriality 9/10

23-03-2026

Reliance Home Finance Limited, undergoing Corporate Insolvency Resolution Process (CIRP), re-issued Form G on March 20, 2026, published in The Financial Express (English All India Edition) and Navakal (Marathi Mumbai Edition), with post-facto intimation filed on March 23, 2026, by Resolution Professional Umesh B. Sonkar under SEBI LODR Regulation 30. This procedural update signals ongoing insolvency proceedings with no resolution achieved yet, highlighting prolonged distress. No financial performance data or improvements reported.

  • ·BSE Scrip Code: 540709
  • ·NSE Symbol: RHFL
  • ·ISIN: INE217K01011
  • ·RP Registration: MAH/7972/2019 and IBBI/IPA-001/P-02619/2021-2022/14043
  • ·AFA Valid upto: December 31, 2026
  • ·RP Contact: 7874447169, 8433628134, rosonkar1603@gmail.com, cirp.rhfl@yahoo.com
  • ·RP Office: 146-B, Chikhal House, Office No.25, 3rd floor, Princess Street, Kalbadevi, Mumbai - 400002
UnknownInsolvencyneutralmateriality 8/10

23-03-2026

India Radiators Limited has filed the Second Motion Petition with the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench, for consideration of the proposed Scheme of Amalgamation with Mercantile Ventures Limited under Sections 230-232 of the Companies Act, 2013. This follows prior disclosures dated April 08, 2025, December 15, 2025, October 202?, February 5, 2026, February 17, 2026, March 13, 2026, and March 17, 2026. The company has informed BSE Limited (Scrip Code: 505100) to take note of the filing.

  • ·CIN: L27209TN1949PLC000963
  • ·Scrip Code: 505100
  • ·DIN: 06463753
TTK Prestige LimitedInsider Trading / Sastneutralmateriality 6/10

23-03-2026

TTK Prestige Limited has scheduled a Board of Directors meeting on May 22, 2026, to consider and approve the Audited Financial Results for the fourth quarter and financial year ended March 31, 2026. In compliance with SEBI (Prohibition of Insider Trading) Regulations, the Trading Window for designated persons and their immediate relatives will remain closed from April 01, 2026, to May 24, 2026, prohibiting any trading in the company's shares during this period.

  • ·Scrip Symbol: TTKPRESTIG
  • ·Scrip Code: 517506
TTK Prestige LimitedBoard Meetingneutralmateriality 4/10

23-03-2026

TTK Prestige Limited informed stock exchanges about a Board of Directors meeting scheduled for May 22, 2026, to consider and approve the Audited Financial Results for the fourth quarter and financial year ended March 31, 2026. The Trading Window for designated persons and their immediate relatives will remain closed from April 01, 2026, to May 24, 2026, in compliance with SEBI regulations. No financial performance data or comparisons were disclosed in this intimation.

  • ·Scrip Symbol: TTKPRESTIG (NSE), Scrip Code: 517506 (BSE)
  • ·Intimation under Regulation 29 of SEBI (LODR) Regulations, 2015
AI CHAMPDANY INDUSTRIES LIMITEDInsolvencypositivemateriality 8/10

23-03-2026

AI Champdany Industries Limited informed BSE that the National Company Law Tribunal (NCLT), Kolkata Bench, disposed of the petition titled Blanccotex vs AI Champdany Industries Limited (CP(IB) No. 80/2025 r/w IA No. 57/2026) via order dated March 11, 2026, following an amicable settlement between the parties. All related applications have also been disposed of with clarity, resolving the insolvency-related matter.

  • ·NCLT Kolkata Bench Order dated March 11, 2026
  • ·Petition details: CP(IB) No. 80/2025 read with IA No. 57/2026
  • ·Company CIN: L51909WB1981PLC033767
  • ·Filing intimation date: March 23, 2026
Tata Consultancy Services LimitedBoard Meetingneutralmateriality 7/10

23-03-2026

Tata Consultancy Services Limited (TCS) has scheduled a Board of Directors meeting on April 9, 2026, to approve audited standalone and consolidated financial results for the financial year ending March 31, 2026, and recommend a final dividend, if any, for shareholder approval at the 31st Annual General Meeting. In compliance with the insider trading code, the trading window for TCS securities will remain closed from March 24, 2026, until 48 hours after the financial results are publicly announced.

  • ·Company CIN: L22210MH1995PLC084781
  • ·Registered Office: 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021
UnknownInsolvencynegativemateriality 10/10

23-03-2026

Baron Infotech Limited, undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, held a Committee of Creditors (CoC) meeting on March 23, 2026, where resolution plans from eligible prospective resolution applicants were opened and noted by CoC members. The meeting concluded at 18:00 Hrs IST, with this post facto intimation made in compliance with SEBI LODR Regulation 30. No financial performance data or outcomes from the plans were disclosed.

  • ·Script Code: 532336
  • ·RP Office Address: Flat No.113, Block-B, Sri Datta Sai Commercial Complex, Opp: Sapthagiri Theatre, TC 'X' Roads, Beside Metro Stn Gate, A Pillar No 1096/1097, Hyderabad - 500 020
  • ·RP Contact: Phone No: 040-27623101; Mail Id: ip.baroninfotech@gmail.com
  • ·Insolvency Professional Registration: IBBI/IPA-002/IP-N00074/2017-2018/10172
  • ·AFA Valid Date: 27/11/2025 to 31/12/2026
Kansai Nerolac Paints LimitedInsider Trading / Sastneutralmateriality 7/10

23-03-2026

Kansai Nerolac Paints Limited will hold a Board of Directors meeting on May 6, 2026, to consider audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and recommend dividend, if any. The trading window for designated persons and their immediate relatives will remain closed from April 1, 2026, to May 8, 2026 (both days inclusive), in compliance with SEBI PIT Regulations. Results and dividend particulars will be intimated to stock exchanges post-meeting.

  • ·BSE Scrip Code: 500165
  • ·NSE Symbol: KANSAINER
  • ·Trading window closure applies only to designated persons and immediate relatives, not general investors
  • ·Company to freeze PAN at security level during closure period
Kansai Nerolac Paints LimitedBoard Meetingneutralmateriality 6/10

23-03-2026

Kansai Nerolac Paints Limited announced that a Board Meeting will be held on May 6, 2026, to consider the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and to recommend dividend, if any. The results and dividend particulars will be intimated to stock exchanges post-meeting. Additionally, the trading window for designated persons and their immediate relatives will remain closed from April 1, 2026, to May 8, 2026 (both days inclusive).

  • ·BSE Scrip Code: 500165
  • ·NSE Symbol: KANSAINER
  • ·Trading window closure applies only to designated persons and immediate relatives, not general investors
Mahindra & Mahindra LimitedCompany Updateneutralmateriality 2/10

23-03-2026

Mahindra & Mahindra Ltd. disclosed the outcome of an investor/analyst visit to its plant at Plot no A1, Village Nighoje, Chakan Industrial Area, Phase IV, Chakan, Tal Khed, Pune 410501 on March 23, 2026, following an advance intimation on March 17, 2026. The visit concluded at 5:00 p.m. IST, with no presentation made and discussions limited to publicly available documents. No unpublished price sensitive information was shared.

InterGlobe Aviation LimitedCompany Updatepositivemateriality 7/10

23-03-2026

InterGlobe Aviation Limited (IndiGo) appointed Mr. Aloke Singh as Chief Strategy Officer effective April 6, 2026, approved by the Board on March 23, 2026, to lead long-term strategic planning and transformation initiatives. Mr. Singh brings over three decades of aviation experience, including as Managing Director and CEO of Air India Express, with prior roles at Air India and Oman Air. IndiGo operates a fleet of 400+ aircraft, around 2200+ daily flights connecting 95+ domestic and 40+ international destinations, and served 124 million customers in CY25.

  • ·Board meeting held on March 23, 2026, from 1825 to 1900 hours IST.
  • ·Mr. Aloke Singh will initially report to Managing Director Rahul Bhatia, transitioning to the new CEO upon assumption of office.
  • ·IndiGo named 'Best Airline in India and South Asia' by Skytrax 2025 and sixth Most Punctual Airline in Asia-Pacific by Cirium 2025.
InterGlobe Aviation LimitedCompany Updatepositivemateriality 7/10

23-03-2026

InterGlobe Aviation Limited (IndiGo) approved the appointment of Mr. Aloke Singh as Chief Strategy Officer effective April 6, 2026, at its Board meeting on March 23, 2026. Mr. Singh, with over three decades of aviation experience including as MD & CEO of Air India Express, will lead strategic planning and transformation initiatives. IndiGo operates a fleet of 400+ aircraft, 2,200+ daily flights to 95+ domestic and 40+ international destinations, and served 124 million customers in CY25.

  • ·IndiGo named ‘Best Airline in India and South Asia’ by Skytrax at World Airline Awards 2025.
  • ·IndiGo named sixth Most Punctual Airline in Asia-Pacific in 2025 by Cirium.
  • ·Board meeting held on March 23, 2026, from 1825 to 1900 hours IST.
UnknownInsolvencyneutralmateriality 8/10

23-03-2026

BSE sought clarification from Vedanta Ltd (scrip: 500295) on March 23, 2026, referencing a news article in The Economic Times dated the same day quoting 'Vedanta moves NCLAT, chal'. No details on insolvency proceedings, stage, creditors, financial position, or resolution prospects are disclosed in the filing. This is an early-stage disclosure indicating potential legal developments at NCLAT but lacks confirmatory facts.

  • ·Scrip code: 500295
  • ·News source: https://economictimes.indiatimes.com dated March 23, 2026
  • ·Quote in news: 'Vedanta moves NCLAT, chal' (incomplete in filing)
UnknownInsolvencyneutralmateriality 6/10

23-03-2026

Punj Lloyd Ltd disclosed that the Twenty Fourth meeting of the Stakeholders Consultation Committee is scheduled for March 25, 2026, at 3:00 PM to discuss developments in the company's ongoing liquidation process under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The meeting will occur at the corporate office in New Delhi and via audio-visual mode. This is in compliance with Regulation 30(2) read with Schedule III of SEBI (LODR) Regulations, 2015.

  • ·Scrip Code: 532693/PUNJLLOYD (BSE), Symbol: PUNJLLOYD (NSE)
  • ·CIN: L74899DL1988PLC033314
  • ·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
Bharti Airtel LimitedCompany Updatepositivemateriality 6/10

23-03-2026

Bharti Airtel has deployed more than 2,750 new 5G sites across 36 districts in Gujarat over the last 12 months, averaging eight sites per day, to provide faster speeds and wider coverage to over 41 million customers in cities like Ahmedabad, Baroda, Rajkot, Surat, and rural areas. This expansion enhances network experience for streaming, downloads, online work, and digital payments. The company also launched a ₹399 unlimited data recharge pack to support seamless digital access amid growing data consumption.

  • ·Headquartered in India with presence in 15 countries across India and Africa, plus Bangladesh and Sri Lanka via associates
  • ·Ranks amongst top three mobile operators globally
Apollo Hospitals Enterprise LimitedCompany Updatepositivemateriality 9/10

23-03-2026

Apollo Hospitals Enterprise Limited has completed the acquisition of 41,650,638 equity shares, representing a 30.58% stake in its subsidiary Apollo Health and Lifestyle Limited (AHLL), from International Finance Corporation (IFC) and IFC EAF Apollo Investment Company for a total consideration of ₹125.41 Cr. The transaction, approved by the Competition Commission of India (CCI) on January 20, 2026, increases the company's effective shareholding in AHLL to 99.42%. No adverse impacts or declines were reported in the disclosure.

  • ·Referenced prior disclosures dated September 12, 2025 and January 21, 2026
  • ·CCI approval obtained on January 20, 2026
Educomp Solutions LimitedInsolvencynegativemateriality 10/10

23-03-2026

NCLT New Delhi, in its order dated March 13, 2026, referred the Successful Resolution Applicant (SRA - Igraa/Hitesh) to IBBI under Section 74(3) of IBC for knowingly and wilfully failing to implement the approved resolution plan, exposing them to imprisonment (1-5 years) and fines (₹1L to ₹1 Cr). A consortium of lenders holding 63% voting share, led by SBI, resolved to remit the matter back to the CoC for a fresh CIRP process to be completed within 100 days from March 13, 2026, to maximize asset value, while clarifying that the SRA remains liable. Various related interlocutory applications were disposed of, with directions for the Caretaker RP to address compliances and statutory dues.

  • ·CIN: L74999DL1994PLC061353
  • ·Fresh CIRP process to be initiated via Form-G and completed within 100 days from March 13, 2026
  • ·CoC to decide on replacement of Resolution Professional under Sections 22 and 27 of IBC
  • ·RP directed to examine pending statutory compliances, dues, and penalties to Stock Exchanges, SEBI, etc.
AGS Transact Technologies LimitedInsolvencynegativemateriality 10/10

23-03-2026

AGS Transact Technologies Limited, currently under Corporate Insolvency Resolution Process (CIRP), has disclosed under Regulation 30 of SEBI LODR that the 10th meeting of the Committee of Creditors is scheduled for March 25, 2026, at 12:00 noon via Video Conferencing. The notice is issued by Brijendra Kumar Mishra, Deemed Resolution Professional (IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257). This update highlights the ongoing insolvency proceedings with no resolution indicated yet.

  • ·Filing reference: IRP/AGS/M/25-26/1476 dated March 23, 2026
  • ·AFA Details: AA2/10257/02/311226/204257, valid till December 31, 2026
  • ·Process Email ID: agscirp@gmail.com
  • ·BSE Scrip Code: 543451; NSE Symbol: AGSTRA
UnknownInsolvencynegativemateriality 9/10

23-03-2026

VAS Infrastructure Limited, currently under Corporate Insolvency Resolution Process (CIRP), has provided prior intimation that the Hon'ble NCLT Mumbai Bench will consider the Resolution Plan submitted by Authum Investment & Infrastructure Limited on April 21, 2026 (IA no. 41 of 2025). This update is pursuant to Regulation 30 of SEBI LODR Regulations, 2015, and signals potential progress in the insolvency proceedings. No financial outcomes or approvals have been decided yet.

  • ·CIN: L65100MH1994PLC076538
  • ·Scrip No. 531574
  • ·IBBI Reg. No. IBBI/IPA-002/IP-N000932/2019-20/12973 (valid upto 31.12.2026)
  • ·NCLT Matter: IA no. 41 of 2025, Court-II, Mumbai Bench
Wipro LimitedCompany Updatepositivemateriality 7/10

23-03-2026

Wipro Limited announced the expansion of its operations in South Korea, including an enlarged office footprint in Seoul and the launch of a new Innovation Lab as part of the Wipro Innovation Network (WIN), reinforcing the country as a strategic growth market. The lab will focus on AI-led transformation in technology, automotive, and industrial sectors, building on the prior acquisition of HARMAN's Digital Transformation Solutions (DTS) unit, which added over 5,000 professionals. Wipro now operates nine innovation facilities globally, with five in the APMEA region, and employs several hundred professionals in South Korea.

  • ·Serves South Korean clients via local presence and global Wipro Delivery Network
  • ·Partnerships with academic institutions for talent upskilling
  • ·Acquisition of HARMAN DTS completed last year (2025)

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