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India NCLT Insolvency Resolution Filings — April 28, 2026

India Corporate Insolvency & NCLT

17 high priority11 medium priority28 total filings analysed

Executive Summary

Across 28 filings in the India Corporate Insolvency & NCLT stream, a stark dichotomy emerges: robust operational growth in large caps like Maruti Suzuki (revenue +19.9% YoY to ₹1,832,661 Mn), Adani Green (revenue +22% YoY to ₹11,602 Cr, EBITDA +23%), and Bondada Engineering (revenue CAGR 56% to ₹28,428 Mn), contrasted by distress signals in 7 insolvency cases (Trustwave, Jatalia, Kallam, SAB Events, BGR Energy, Concord Enviro, Inox Green). Period-over-period trends show revenue expansion averaging ~20-25% YoY in reporting firms (e.g., Maruti Q4 +28.2%, Adani energy sales +34%), but profitability mixed with Maruti PAT +0.8% amid margin contraction (-160 bps to 12.3%), while EBITDA margins held strong at 91.2% for Adani Green. Capital allocation leans positive with Maruti's dividend hike (₹140/share, +3.7% YoY total payout), Sammaan NCD repurchase, and ESOP allotments (Mahindra 4,627 shares, ICICI 1.34 Mn shares). Insolvency filings highlight NCLT progress (e.g., Trustwave 95% capital reduction, Inox demerger approval), potentially unlocking value but signaling deep distress. Forward guidance bullish in renewables (Adani 4.5-5GW FY27 addition, Bondada Vision 2030 $1Bn revenue). Portfolio-level pattern: Margin pressures in autos (Maruti -160 bps) vs outperformance in green energy; watch NCLT catalysts for turnaround alpha.

Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from April 21, 2026.

Investment Signals(12)

  • Maruti Suzuki India↓(BULLISH)
    ▲

    FY26 revenue +19.9% YoY to ₹1,832,661 Mn, Q4 +28.2% to ₹524,493 Mn, sales volume +8.4% to 2.42 Mn units, final dividend hiked to ₹140/share (+3.7% YoY payout to ₹44,016 Mn)

  • Adani Green Energy↓(BULLISH)
    ▲

    FY26 energy sales +34% YoY to 37.6 Bn units, capacity +35% YoY to 19.3 GW, revenue +22% to ₹11,602 Cr, EBITDA +23% to ₹10,865 Cr at 91.2% margin despite ₹1.3-1.5K Cr curtailment hit

  • Sammaan Capital↓(BULLISH)
    ▲

    CRISIL rating upgrade to AA+/Stable (from prior), NCD repurchase program approved for maturities to Mar 2027 at par, enhancing funding flexibility and cost of funds

  • Bondada Engineering↓(BULLISH)
    ▲

    FY26 revenue ₹28,428 Mn (56% CAGR from FY13 ₹70 Mn), orderbook >₹50,000 Mn, 7.8 GW solar execution, 1.3 GW commissioned, 850 MWh BESS underway

  • Inox Green Energy Services↓(BULLISH)
    ▲

    NCLT Ahmedabad approved demerger of Power Evacuation Business to Inox Renewable Solutions (effective Oct 1, 2024), unanimous creditor/shareholder approval

  • Bharti Airtel/Adani Enterprises↓(BULLISH)
    ▲

    Gigawatt-scale India AI Hub groundbreaking with Google ($15 Bn investment 2026-2030), 3 data centers, subsea cables, clean energy tie-up

  • Adani Green Energy↓(BULLISH)
    ▲

    FY27 guidance 4.5-5.0 GW solar/wind addition, 10 GWh BESS (from near 3 GWh), 500 MW pump hydro completion, JCR BBB+ rating

  • Maruti Suzuki India↓
    ▲

    PAT +0.8% YoY to ₹144,154 Mn despite PBT -2.9%, but EPS +1.0% to ₹459.46, exports +34.6% YoY, UV sales +14.9% Q4 [MIXED/BULLISH ON VOLUMES]

  • Trustwave Securities↓(BEARISH)
    ▲

    95% equity capital reduction to ₹32.68 L from ₹6.54 Cr post NCLT Mumbai scheme (order Mar 19, 2026), allotting 3.27 L shares

  • Kallam Textiles↓(BEARISH)
    ▲

    CIRP initiated Apr 6, 2026 by NCLT Amaravati, 1st CoC meeting May 2, 2026, signaling acute distress

  • BGR Energy Systems↓(BEARISH)
    ▲

    CIRP public announcement Apr 24, 2026 post NCLT Amaravati order Apr 17, 2026, under Section 13 IBC

  • Sammaan Capital↓(BEARISH)
    ▲

    Open offer tendered only 290 shares (0.00% of 26.05% target), negligible participation

Risk Flags(10)

Opportunities(10)

Sector Themes(6)

  • Insolvency Wave in Small Caps
    ◆

    7/28 filings (25%) on CIRP/PPIRP/NCLT schemes (Trustwave 95% cut, Kallam/BGR fresh starts, Jatalia 24th CoC, SAB 5th), signaling distress cluster in textiles/energy/services; opportunity in resolutions but high wipeout risk

  • Auto Revenue Resilience vs Margin Squeeze
    ◆

    Maruti FY26 revenue +19.9% YoY/Q4 +28.2%, volumes +8.4%, exports +34.6%, but EBITDA -160 bps to 12.3%, PBT -2.9%; contrasts UV growth +14.9% vs compact -5% YoY

  • Renewables Capacity/EBITDA Outperformance
    ◆

    Adani Green +35% capacity YoY to 19.3 GW, +23% EBITDA at 91.2%; Bondada 7.8 GW solar exec; Inox demerger; FY27 guidance 4.5-5GW+10 GWh BESS, despite curtailment hits

  • Capital Return Momentum
    ◆

    Maruti dividend +3.7% YoY to ₹44 Bn total; Sammaan NCD repurchase; ESOP transfers (Mahindra 4,627 sh, ICICI 1.34 Mn sh), signaling confidence amid cash dips (Maruti -65% cash eq.)

  • AI/Data Center Ecosystem Build
    ◆

    Airtel/Adani/Google 1 GW AI Hub, $15 Bn capex 2026-30, subsea/clean energy; TCS ASX CHESS live (20 Mn trades/day); positions India for 500 GW non-fossil by 2030

  • Neutral Earnings Catalysts
    ◆

    5/28 filings on upcoming calls (Birlasoft May 6, L&T May 5, Bondada recording avail), board meets (Birlasoft divi.), AGMs (Maruti Aug 31), low materiality but volume drivers

Watch List(8)

Filing Analyses(28)
BIRLASOFT LIMITEDCompany Updateneutralmateriality 6/10

28-04-2026

Birlasoft Limited, part of the CKA Birla Group, has announced its Q4FY26 Earnings Conference Call scheduled for May 6, 2026, at 5:30 pm IST, immediately following the release of financial results for the quarter and fiscal year ended March 31, 2026. The call will feature management comments and a Q&A session for analysts and investors, with dial-in details provided and a recording/transcript to be available on www.birlasoft.com. No financial metrics are disclosed in this announcement.

  • ·Playback availability: May 6 to 8, 2026 (India dial-in: +91 22 71945757, code: 29386#)
  • ·Investor contact: abhinandan.singh@birlasoft.com
Maruti Suzuki India LimitedCompany Updateneutralmateriality 1/10

28-04-2026

Maruti Suzuki India Limited (532500) announced a Press Release / Media Release under Regulation 30 (LODR) on April 28, 2026, via BSE. No specific details on corporate actions, financial metrics, or operational updates are disclosed in the provided filing summary. Sector information is NOT_DISCLOSED.

Maruti Suzuki India LimitedCorp. Actionmixedmateriality 9/10

28-04-2026

Maruti Suzuki India Limited reported standalone audited financial results for FY26 with total revenue from operations growing 19.9% YoY to ₹1,832,661 million, driven by strong Q4 growth of 28.2% to ₹524,493 million; however, profit before tax declined 2.9% YoY to ₹188,629 million while PAT edged up 0.8% to ₹144,154 million. The Board recommended a final dividend of ₹140 per share (₹44,016 million total, up from ₹135 per share or ₹42,444 million last year), subject to AGM approval on August 31, 2026, with record date August 7, 2026. Consolidated revenue also rose ~19.9% YoY to ₹1,833,160 million.

  • ·Amalgamation of Suzuki Motor Gujarat Private Limited effective from April 1, 2025 (appointed date), with prior periods restated.
  • ·Net cash outflow from investing activities FY26: ₹116,960 million (vs ₹144,523 million FY25).
  • ·Cash and cash equivalents decreased to ₹631 million as at Mar 31, 2026 from ₹1,802 million.
Maruti Suzuki India LimitedCompany Updatemixedmateriality 10/10

28-04-2026

Maruti Suzuki India Limited reported FY’26 sales volume growth of 8.4% to 2,422,713 units and net sales up 20.2% to ₹1,743,695 million, with exports surging 34.6% YoY, while Op. EBITDA rose 6.5% but margins contracted 160 bps to 12.3% due to higher material costs (up 210 bps) and lower non-operating income. PAT grew modestly 1.0% to ₹144,454 million, though PBT declined 2.8%; in Q4 FY’26, sales volume increased 11.8% YoY and net sales 28.9% to ₹500,787 million, but PAT fell 6.9% amid adverse commodity prices. QoQ, Q4 net sales rose 5.4% but PAT declined 5.4%, with some segments like domestic compact down 5.0% YoY.

  • ·Domestic sales grew 3.7% YoY to 538,994 units in Q4 FY’26 (79.7% of total), but compact segment declined 5.0% YoY.
  • ·Mini segment domestic sales down 10.7% YoY to 112,291 units in FY’26 (5.7% of domestic).
  • ·UVs domestic sales up 14.9% YoY to 219,721 units in Q4 FY’26 (40.8% of domestic).
  • ·Financial statements restated for SMG amalgamation effective April 1, 2025.
  • ·Exports represented 20.3% of Q4 FY’26 total sales, up 61.3% YoY.
Mahindra & Mahindra LimitedCompany Updateneutralmateriality 2/10

28-04-2026

Mahindra & Mahindra Employees’ Stock Option Trust transferred a total of 4,627 equity shares to 17 stock option grantees on April 28, 2026, pursuant to the exercise of options under the Company’s Employees’ Stock Option Scheme, in compliance with listing undertakings to stock exchanges. Transfers ranged from 18 shares (Neeraj Yadav) to 1,000 shares (Anisha Saluja), with no material financial impact noted. This routine ESOP transaction involves no broader performance metrics.

  • ·Filing reference: M&M/SEC/2026-27/014
  • ·Scrip Codes: NSE - M&M, BSE - 500520
  • ·ISIN: USY541641194
Sammaan Capital LimitedCompany Updatepositivemateriality 8/10

28-04-2026

Sammaan Capital Limited, an IHC group company, received a credit rating upgrade to CRISIL AA+/Stable on April 10, 2026, marking the start of an upward rating trajectory expected to reduce cost of funds and enable access to larger funding pools. The Asset Liability Management Committee (ALCO) approved the re-purchase of specified privately placed Non-Convertible Debentures (NCDs) with maturities up to March 31, 2027, at par to be held as treasury stock, initiating a structured liability management program to optimize liabilities and enhance financial flexibility. Holders may tender securities via bondpurchase@sammaancapital.com until May 15, 2026.

  • ·ISINs offered for purchase: INE148I07EO2, INE148I07ES3, INE148I07EW5, INE148I07FG5, INE148I07FJ9
  • ·NCDs to be tendered at par through exchange mechanism
  • ·CIN: L65922DL2005PLC136029
  • ·Corporate Office: 1st Floor, Tower 3A, DLF Corporate Greens, Sector-74A, Gurgaon, Narsinghpur, Haryana – 122 004
  • ·Scrip Codes: 535789, 890192 (SAMMAANCAP/EQ, SCLPP)
BIRLASOFT LIMITEDBoard Meetingneutralmateriality 8/10

28-04-2026

Birlasoft Limited announced a Board Meeting scheduled for May 6, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a final dividend, subject to approval by shareholders at the ensuing Annual General Meeting. The trading window for equity shares remains closed from April 1, 2026, until 48 hours after the declaration of the financial results.

  • ·Scrip details: ID: BSOFT, Symbol: BSOFT, Scrip Code: 532400, Series: EQ
  • ·Trading window closure intimated earlier on March 25, 2026
TRUSTWAVE SECURITIES LIMITEDInsolvencynegativemateriality 9/10

28-04-2026

Trustwave Securities Limited (formerly Sterling Guaranty & Finance Limited) approved the allotment of 3,26,880 equity shares of Rs. 10 each on April 28, 2026, to implement the NCLT Mumbai Bench-approved scheme of capital reduction (order dated March 19, 2026), with record date April 27, 2026. This reduces issued, subscribed, and paid-up equity capital from 65,37,600 shares (₹6,53,76,000) to 3,26,880 shares (₹32,68,800), representing a 95% decline. No other financial metrics were reported.

  • ·NCLT Mumbai Bench order dated 19th March, 2026; certified true copy received 10th April, 2026
  • ·Record date fixed by BSE: 27th April, 2026
  • ·Board meeting held 3:30 p.m. to 4:00 p.m. on 28th April, 2026
  • ·Scrip Code: 508963; ISIN: INE668Y01016
  • ·CIN: L65990MH1983PLC031384
TRUSTWAVE SECURITIES LIMITEDInsolvencynegativemateriality 9/10

28-04-2026

The Board of Trustwave Securities Limited approved the allotment of 3,26,880 equity shares of ₹10 each on April 28, 2026, to implement the NCLT-approved scheme of capital reduction, with record date April 27, 2026. This reduces issued, subscribed, and paid-up capital from 65,37,600 shares (₹6,53,76,000) to 3,26,880 shares (₹32,68,800), a 95% decline. The move follows NCLT Mumbai Bench order dated March 19, 2026.

  • ·NCLT order dated March 19, 2026; certified true copy received April 10, 2026.
  • ·Board meeting held April 28, 2026, from 3:30 p.m. to 4:00 p.m.
  • ·Scrip Code: 508963; ISIN: INE668Y01016.
Concord Enviro Systems LimitedInsolvencyneutralmateriality 9/10

28-04-2026

Concord Enviro Systems Limited held a meeting of equity shareholders on April 28, 2026, via VC/OAVM, as directed by NCLT Mumbai Bench per its March 11, 2026 order, to consider and approve a Scheme of Arrangement under Sections 230, 52, and 66 of the Companies Act, 2013. The meeting, chaired by V. Nallasenapathy, proceeded smoothly with remote e-voting from April 25-27, 2026, and e-voting during the meeting; one shareholder query was addressed by CFO Anish Goel. No voting outcomes or financial impacts were disclosed in the proceedings summary.

  • ·Meeting commenced at 10:30 A.M. IST and closed at 11:00 A.M. IST.
  • ·Remote e-voting: 9:00 A.M. April 25 to 5:00 P.M. April 27, 2026.
  • ·Polling open for 15 minutes post-discussion.
Adani Green Energy LimitedCompany Updatemixedmateriality 9/10

28-04-2026

Adani Green Energy reported robust FY26 operational performance with energy sales surging 34% YoY to 37.6 billion units, greenfield capacity addition of 5.1 GW (35% YoY growth) leading to a 19.3 GW operating portfolio, revenue up 22% YoY to ₹11,602 Cr, and EBITDA up 23% to ₹10,865 Cr at 91.2% margin. However, curtailment issues caused ₹500 Cr EBITDA loss, with additional ₹800-1,000 Cr potential loss on merchant sales, totaling ₹1,300-1,500 Cr FY26 EBITDA impact. The company highlighted progress in Khavda (9.4 GW operational, 1.4 GWh battery added) and targets 50 GW by 2030.

  • ·Blended PPA rates ~₹3.10/kWh; upcoming solar contracting at ₹2.60-2.80/kWh, wind at ₹3.70-3.80/kWh.
  • ·BESS targets: 3 GWh installed in Khavda soon, ramp to 10 GWh+ addition in FY27.
  • ·India non-fossil capacity: 283 GW installed, FY26 addition >55 GW, targeting 500 GW by 2030.
  • ·Portfolio avoids 36 million tons CO2 emissions annually, powers 8.7 million homes.
Jatalia Global Ventures LtdInsolvencyneutralmateriality 9/10

28-04-2026

Jatalia Global Ventures Limited, under Corporate Insolvency Resolution Process (CIRP) since the NCLT New Delhi Bench order dated 07.03.2024 in CP (IB) No. 263/ND/2023, held its 24th Committee of Creditors (COC) meeting on April 27, 2026, from 10:15 AM to 10:35 AM at MNK House, New Delhi. The meeting was intimated to BSE Limited pursuant to SEBI LODR Regulation 30. No outcomes or decisions from the meeting were disclosed in this update.

  • ·CIRP order passed by NCLT New Delhi Bench (Court-II) on 07.03.2024.
  • ·Meeting venue: MNK House, 9A/9-10, Basement East Patel Nagar, New Delhi-110008.
  • ·Resolution Professional contact: IBBI Reg. No. IBBI/IPA-002/IP-N00076/2017-18/10207, AFA valid up to 31.12.2026, Mobile: +91-9818156340, Email: nazim@mnkassociates.com; cirp.jataliaventures@outlook.com.
  • ·Registered & Corporate Office: 500, 5th floor, ITL Twin Tower, Netaji Subhash Place, Delhi-110034. Tel: +91-11-40424242.
  • ·Scrip Code: 519319.
Adani Green Energy LimitedCompany Updatepositivemateriality 9/10

28-04-2026

Adani Green Energy delivered robust FY26 performance with energy sales surging 34% YoY to 37.6 billion units, fueled by 5.1 GW greenfield capacity addition (35% YoY growth), elevating the operating portfolio to 19.3 GW. Revenue from power supply rose 22% YoY to ₹11,602 Cr, and EBITDA increased 23% to ₹10,865 Cr at 91.2% margins, underscoring operational excellence. Management guided for 4.5-5.0 GW solar/wind additions in FY27, alongside 10 GWh battery storage and 500 MW pump hydro, aligned with evacuation constraints.

  • ·Japan Credit Agency assigned inaugural JCR BBB+ rating (stable outlook), equivalent to India's sovereign rating.
  • ·Secured ESG 1+ rating from CareEdge, highest score of 87.3 by any company in India.
  • ·Plans for FY27: 4.5-5.0 GW solar/wind/hybrid capacity addition, 10 GWh battery storage in Khavda (currently near 3 GWh), and completion of 500 MW Chitravathi pump hydro.
  • ·FY26 call held April 24, 2026; transcript disclosure April 28, 2026.
Inox Green Energy Services LimitedInsolvencypositivemateriality 9/10

28-04-2026

Inox Green Energy Services Limited received NCLT Ahmedabad approval on March 13, 2026 (certified copy on April 27, 2026) for the Scheme of Arrangement involving demerger of its Power Evacuation Business into Inox Renewable Solutions Limited, effective from the Appointed Date of October 1, 2024. The scheme was approved unanimously by secured creditors, unsecured creditors, warrant holders, debenture holders, and equity shareholders of both companies where applicable, with equity shareholders of IGESL approving with requisite majority (56.24% value attendance) and high participation from other classes (e.g., 75.45% secured value for IRSLL). All stakeholder meetings held on November 1-2, 2025 complied with tribunal directions via VC and e-voting.

  • ·NCLT order pronounced on March 13, 2026; certified copy received April 27, 2026.
  • ·Appointed Date for demerger: October 1, 2024.
  • ·Shareholder/creditor meetings held November 1, 2025 (IGESL) and November 2, 2025 (IRSLL) via NSDL VC platform.
  • ·No votes against the scheme from any participating class.
Bondada Engineering LimitedCompany Updateneutralmateriality 4/10

28-04-2026

Bondada Engineering Limited submitted the audio and video recording of its Post Earnings Conference Call for Q4 FY 2025-26 and the full FY ended March 31, 2026, held on April 28, 2026, pursuant to SEBI LODR Regulation 30 and Part A of Schedule III. The recording is accessible via YouTube (https://youtu.be/Y4pQgtGOiSI) and the company's website (https://pub-b80176d4655648b58ec7d44ea04b154b.r2.dev/conferenceaudio/GMT20260428-053606_Recording.m4a). This fulfills disclosure requirements under Regulation 46(2)(oa).

  • ·Conference call intimation referenced from letter dated April 23, 2026.
  • ·Company CIN: L28910TG2012PLC080018.
  • ·Registered Office: Plot No-37, Ashok Manoj Nagar, Kapra, Hyderabad, Telangana-500062.
Sammaan Capital LimitedCompany Updatenegativemateriality 3/10

28-04-2026

Avenir Investment RSC Ltd (Acquirer) together with IHC Capital Holding LLC (PAC) received only 290 equity shares tendered into the Open Offer escrow account for acquiring up to 34,17,54,286 equity shares (26.05% of Sammaan Capital Limited's expanded voting share capital), representing a negligible 0.00% of the offer size as of April 27, 2026. These tendered shares are subject to validation and verification, and the final accepted shares may differ. No significant participation observed in the open offer to date.

  • ·Letter of Offer dated April 03, 2026; Addendum dated April 09, 2026
  • ·Escrow Demat Account: MIIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT with Ventura Securities Limited (DP ID: IN303116, Client ID: 15728188, PAN: AABCI3612A)
  • ·Disclosure based on SEBI (SAST) Regulations, 2011
Bondada Engineering LimitedCompany Updatepositivemateriality 8/10

28-04-2026

Bondada Engineering Limited released its corporate presentation for Q4 and FY 2025-26, reporting FY26 revenue of INR 28,428 Mn, up at a 56% CAGR from INR 70 Mn in FY13, with net worth of INR 7,325 Mn as on March 31, 2026. The company highlighted a robust order book exceeding INR 50,000 Mn, solar projects under execution at ~7.8 GW, ~1.3 GW commissioned, and 850 MWh BESS-BOO under execution, supported by a workforce of 2500+ employees. Expansions into BESS, data centres, defence, and manufacturing underscore its Vision 2030 to achieve USD 1 Bn revenue.

  • ·Diversified order book across renewable energy, telecom, railways, BESS, data centres, and defence.
  • ·Manufacturing facilities in Andhra Pradesh & Telangana.
  • ·ISO 9001:2015 certified; CRISIL 'A Stable' rated; Great Place to Work certified.
  • ·PAN-India presence with 14+ years of operations.
Tata Consultancy Services LimitedCompany Updatepositivemateriality 7/10

28-04-2026

Tata Consultancy Services (TCS) and Australian Securities Exchange (ASX) have successfully gone live with CHESS Release 1 for cash clearing and settlement, deploying TCS BaNCS for Market Infrastructure and Quartz solutions to provide a modern, scalable cloud-based system benchmarked for over 20 million trades per day. This milestone supports ASX's digital transformation with real-time trade novation, netting, and compliance with ISO standards. TCS and ASX have commenced work on Release 2, targeted for go-live in 2029.

  • ·TCS serves as a partner to most of the top 10 listed companies in Australia
  • ·TCS recognised among LinkedIn’s Top 25 companies to work for and as a top employer by Top Employers Institute
  • ·Solution supports multiple asset classes, real-time trade novation, netting, ISO 15022, ISO 20022, and FIX messaging standards
  • ·TCS sponsors include TCS New York City Marathon, TCS London Marathon, and TCS Sydney Marathon
ICICI Bank LimitedCompany Updateneutralmateriality 3/10

28-04-2026

ICICI Bank Limited allotted 1,339,243 equity shares of face value Rs. 2 each on April 28, 2026, under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors at 10.51 a.m. on the same day, pursuant to powers delegated by the Board of Directors on October 21, 2023. The notice was issued by Prashant Jagjivan Mistry of the Associate Leadership Team.

  • ·Board of Directors meeting for delegation of powers: October 21, 2023
  • ·Approval time: 10.51 a.m. on April 28, 2026
KALLAM TEXTILES LTDInsolvencynegativemateriality 10/10

28-04-2026

Kallam Textiles Limited (formerly Kallam Spinning Mills Limited) has intimated the first meeting of the Committee of Creditors (CoC), scheduled for Saturday, May 2, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by an order of the National Company Law Tribunal, Amaravati Bench, dated April 6, 2026. Mr. Rajesh Chillale serves as the Interim Resolution Professional (IRP). This development signals significant financial distress with no positive operational metrics reported.

  • ·IRP Registration Number: IBBI/IPA-001/IP-P00699/2017-2018/11226
  • ·Company CIN: L18100AP1992PLC013860
  • ·Prior intimation of CIRP initiation dated 07.04.2024
  • ·IRP Email: ktl.cirp@gmail.com
Bharti Airtel LimitedCompany Updatepositivemateriality 9/10

28-04-2026

Bharti Airtel, through its Nxtra data center arm, is partnering with Google and AdaniConneX on the groundbreaking of a gigawatt-scale India AI Hub in Visakhapatnam, Andhra Pradesh, as part of Google's US$15 billion investment over 2026-2030 to build AI infrastructure supporting Viksit Bharat. The project includes three data center campuses, subsea cables, clean energy initiatives targeting India's 500 GW non-fossil fuel goal by 2030, and community programs like training over 1,000 fishing community members, 10,000+ women entrepreneurs via NARI Shakti, and 1,200+ students in AI and cloud skills. The event featured dignitaries including Union Minister Ashwini Vaishnaw and Andhra Pradesh CM Nara Chandrababu Naidu, alongside the Bharat AI Shakti Conclave to foster a local AI industrial ecosystem.

  • ·Groundbreaking at Tarluvada, Visakhapatnam, attended by U.S. Consulate General Smt. Laura Williams.
  • ·First announced October 2025; earlier intimation by Airtel on October 14, 2025.
  • ·Includes subsea cables landing in Visakhapatnam and pan-India ultra-low latency fiber.
Adani Enterprises LimitedCompany Updatepositivemateriality 9/10

28-04-2026

Adani Enterprises Limited submitted a media release announcing Google's groundbreaking for its India AI Hub in Visakhapatnam, Andhra Pradesh, developed in strategic partnership with AdaniConneX and Nxtra by Airtel, establishing a gigawatt-scale AI ecosystem (nearly 1 GW) as part of Google's US$15 billion investment over 2026-2030 to support Viksit Bharat. The event featured dignitaries including Union Minister Shri Ashwini Vaishnaw, Andhra Pradesh CM Shri Nara Chandrababu Naidu, and Adani Directors Shri Karan Adani and Shri Jeet Adani, alongside announcements of community initiatives for job training and local development. No financial performance metrics or declines were reported.

  • ·Groundbreaking at Tarluvada, Visakhapatnam, includes three data center campuses led by AdaniConneX and Nxtra by Airtel.
  • ·Project features subsea cables landing, clean energy strategy targeting India’s 500 GW non-fossil fuel capacity by 2030.
  • ·Bharat AI Shakti Conclave held to convene suppliers and stakeholders for building AI industrial corridor.
Maruti Suzuki India LimitedResultmixedmateriality 10/10

28-04-2026

Maruti Suzuki India Limited reported standalone revenue from operations of ₹1,832,661 million for FY26, marking a 19.9% YoY increase from ₹1,528,679 million, with Q4 revenue up 28.2% YoY to ₹524,493 million. However, profit before tax declined 2.9% YoY to ₹188,629 million from ₹194,121 million, though profit after tax rose marginally 0.8% to ₹144,154 million with EPS at ₹459.46 (up 1.0%). The board recommended a final dividend of ₹140 per share (₹44,016 million total, up from ₹135 per share last year), subject to approval at the AGM on August 31, 2026.

  • ·Record Date for dividend: Friday, August 7, 2026
  • ·Dividend payment date: September 9, 2026
  • ·Annual General Meeting: August 31, 2026
  • ·Amalgamation with Suzuki Motor Gujarat Private Limited effective from April 1, 2025 (Appointed Date); scheme approved by NCLT on November 6, 2025
  • ·Board meeting held on April 28, 2026 (11:35 a.m. to 2:30 p.m.)
Maruti Suzuki India LimitedBoard Meetingmixedmateriality 9/10

28-04-2026

Maruti Suzuki India Limited reported standalone audited financial results for FY26, with revenue from operations surging 19.9% YoY to ₹1,832,661 million on strong Q4 growth of 28.2% to ₹524,493 million. However, profit before tax declined 2.8% YoY to ₹188,629 million amid higher expenses, while PAT edged up 0.8% to ₹144,154 million with EPS at ₹459.46 (up 1.0%). The board recommended a final dividend of ₹140 per share (₹44,016 million total, up from ₹135), subject to approval at the AGM on August 31, 2026.

  • ·Record date for dividend: August 7, 2026; payment date: September 9, 2026.
  • ·Annual General Meeting: August 31, 2026.
  • ·Amalgamation of Suzuki Motor Gujarat Private Limited accounted from April 1, 2025; prior periods restated.
  • ·Labour Codes incremental impact recognized: ₹5,939 million in Q3 FY26.
  • ·Cash and cash equivalents declined to ₹633 million from ₹1,802 million.
  • ·Net cash from operating activities up 18.2% YoY to ₹190,631 million.
Maruti Suzuki India LimitedCorp. Actionmixedmateriality 10/10

28-04-2026

Maruti Suzuki India Limited reported standalone audited financial results for FY2026 with revenue from operations growing 19.9% YoY to ₹1,832,661 million, driven by strong Q4 growth of 28.2% to ₹524,493 million. However, profit before tax declined 2.8% YoY to ₹188,629 million, while profit after tax edged up 0.8% to ₹144,154 million with EPS at ₹459.46 (up 1.0%). The board recommended a final dividend of ₹140 per share (₹44,016 million total, up from ₹135 last year), subject to AGM approval on August 31, 2026.

  • ·AGM scheduled for August 31, 2026; Record Date for dividend: August 7, 2026; Dividend payment date: September 9, 2026.
  • ·Amalgamation of Suzuki Motor Gujarat Private Limited effective from April 1, 2025 (appointed date), with scheme approved November 6, 2025.
  • ·Labour Codes impact recognized: ₹5,939 million in Q3 FY2026.
  • ·Net cash from operating activities: ₹190,631 million (up from ₹161,314 million); Investing outflow: ₹116,960 million.
  • ·Total assets: ₹1,467,422 million (up 13.5% YoY); Inventories up to ₹113,147 million from ₹69,088 million.
Sab Events & Governance Now Media LimitedInsolvencyneutralmateriality 9/10

28-04-2026

SAB Events & Governance Now Media Limited held its 5th Committee of Creditors (CoC) meeting on April 28, 2026, via Video Conferencing as part of the ongoing Pre-Packaged Insolvency Resolution Process (PPIRP). The CoC discussed the Affidavit and Legal Opinion submitted by the Resolution Professional to the NCLT regarding the Resolution Applicant's eligibility, per NCLT directions dated April 21, 2026. The CoC requested one additional day for further consideration, with the outcome to be intimated upon confirmation.

  • ·Prior intimation of 5th CoC meeting dated April 23, 2026
  • ·Scrip Code: 540081; Symbol: SABEVENTS
  • ·DIN: 07009389
  • ·Meeting conducted under Section 54-I of Insolvency and Bankruptcy Code, 2016 and PPIRP Regulations
BGR Energy Systems LimitedInsolvencynegativemateriality 10/10

28-04-2026

BGR Energy Systems Limited, undergoing Corporate Insolvency Resolution Process (CIRP), has intimated stock exchanges about a Public Announcement published on April 24, 2026, pursuant to NCLT Amaravati Bench order dated April 17, 2026, under Section 13 of IBC, 2016. The announcement appeared in Business Standard (English), Prajasakti (Telugu), and Madras Mani (Tamil). This disclosure complies with Regulation 30(2) read with Schedule III of SEBI LODR Regulations, 2015.

  • ·NSE Symbol: BGRENRGY
  • ·BSE Scrip: 532930
  • ·Corporate Identity Number: L40106AP1985PLC005318
  • ·Registered Office: E-4 Pannamgadu Industrial Estate, Ramapuram Post, Tada Mandal, Tirupathi District, Andhra Pradesh 524401
Larsen & Toubro LimitedCompany Updateneutralmateriality 4/10

28-04-2026

Larsen & Toubro Limited announced the schedule for an Analyst / Institutional Investors’ Group Meet on 5th May 2026, focused on Q4 / FY26 Earnings. The meeting will be held virtually via conference call. This disclosure complies with Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • ·Stock codes: BSE 500510, NSE LT
  • ·Contact: igrc@larsentoubro.com, Tel: +91 22 6752 5656

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