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India Pre-Market Regulatory Roundup — March 17, 2026

India Before-Market Intelligence

5 high priority43 medium priority48 total filings analysed

Executive Summary

Across 48 overnight filings from March 16-17, 2026, dominant themes include routine debt compliance (timely interest payments/redemptions in 15+ cases signaling strong liquidity), promoter insider activity (net selling pressure with notable disposals in Mahip Industries 16.11% stake and DCM Shriram 1.10%, offset by minor buy in STEL Holdings 0.18% in Saregama), and corporate actions like rights issues (TIL ₹199.51 Cr) and positive postal ballots (PVV Infra stock split 95%+ approval, Centum Electronics 99.9%+ for directors/restructuring). Period-over-period trends show mixed subsidiary performance in Prozone Realty acquisitions (Hagwood +8% YoY turnover to ₹62.71 Cr, Alliance -17% to ₹54.44 Cr, Empire flat +2% to ₹59.27 Cr) and Saregama's robust +46% YoY revenue to ₹1,171 Cr. Capital allocation leans positive with distributions (NHIT ₹1.16/unit), preference dividends (Timex ₹3.08 Cr), but risks from Educomp insolvency re-bidding and Camlin ₹47 Cr GST penalty. Sector patterns highlight healthy debt markets but promoter conviction erosion in industrials/realty; actionable now: monitor March 20-24 board meetings and record dates for catalysts pre-market open.

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from March 16, 2026.

Investment Signals(12)

  • PVV Infra Ltd(BULLISH)

    Postal ballot approved stock split (1:5, 95.54% favor), two independent directors (96%+ favor) with promoters 100% in favor; low turnout but strong support signals liquidity boost

  • TIL Limited(BULLISH)

    Rights Issue approved for 1.2 Cr shares at ₹165 (₹199.51 Cr, 11:64 ratio), record date March 23, in-principle BSE/NSE nods; capital raise for growth

  • STEL Holdings (Saregama)(BULLISH)

    Acquired 0.18% stake (3.5L shares) at ₹355.70/share (₹12.45 Cr); Saregama revenue +46% YoY to ₹1,171 Cr (vs +9% prior FY), promoter conviction

  • Postal ballot 99.92-99.9999% approval for 2 independent directors and subsidiary divestment/restructuring (UK/France entities), 71% turnout, promoters 100%

  • Open offer for 26% stake at ₹34.50/share recommended fair by IDC, no competitive bids, tendering March 17-April 2; acquisition control play

  • ECap Equities(BULLISH)

    Full early redemption of ₹275 Cr NCDs (27,500 units) on Mar 13 ahead of Mar 16 maturity at debtholder request; strong liquidity

  • NHIT(BULLISH)

    Approved ₹1.16/unit distribution (₹1.157 interest + ₹0.003 surplus), record date Mar 19; consistent pass-through yield

  • Acquired 38.5-65.29% in mall devs (Hagwood +8% YoY ₹62.71 Cr turnover, Empire +2% ₹59.27 Cr) for USD 5-16 Mn cash; consolidation no approvals needed, 45-day close

  • Navi Finserv(BULLISH)

    Timely ₹14.08 Cr interest across ₹303 Cr NCDs (monthly/annual freq), no delays post Feb 26 record; credit reliability

  • Ugro Capital(BULLISH)

    Early interest payment ₹1.57 Cr on ₹200 Cr NCDs (Mar 16 vs due Mar 17), monthly freq intact

  • Joyville Shapoorji(BULLISH)

    Early interest + partial redemption 1L NCDs each Series C/D (Mar 16 vs due Mar 23); proactive cash management

  • Promoter WTD sold 16.11% stake (31L shares) off-market Mar 13, holding down 47.58% to 31.47%; stake dilution

Risk Flags(10)

  • NCLT mandates fresh Form G re-bidding, CIRP conclude in 100 days, IBBI probe SRA failure; disposed contempts but ongoing uncertainty

  • ₹23.54 Cr ineligible ITC + ₹23.54 Cr penalty + interest for FY20-23 (payables >180 days); plans appeal, asserts immaterial but ₹47 Cr hit

  • WTD Agarwal off-market disposal 31L shares (16.11%), holding -16.11% to 31.47%; conviction erosion

  • Promoter Alok Shriram sold 1.10% (9.58L shares) off-market Mar 13, personal holding to 0%; PAC stable at 50.11% but signal

  • ₹3L company + ₹1L ex-MD penalty for non-compliance Section 152(6) 2021-23 (insufficient non-ind directors); resolved but compliance flag

  • East India Drums/Promoter Sell[MEDIUM RISK]

    Promoter Madhav Valia proposes sell up to 29L shares; stake reduction risk, no details

  • Alliance Mall turnover -17% YoY to ₹54.44 Cr amid acquisitions; mixed portfolio performance

  • Postponed Vinpai cash tender (83.82% held) to May 2026 from Feb due to FX regs/financials Apr 16; no squeeze-out

  • Bought 100% Kintech Solar (₹38 Cr EV) with 0 turnover FY24-25, negative net worth -₹0.83L; value trap potential

  • Nexus Select Trust/Debt Meeting[LOW RISK]

    Adjourned debtholder mtg Mar 16 (no quorum) to Mar 23 for trust deed amendment (Pune mall typo); ₹700 Cr NCDs

Opportunities(10)

  • TIL Limited/Rights Issue(OPPORTUNITY)

    ₹199.51 Cr raise (11:64 RE, record Mar 23); undervalued entry for growth infra play

  • USD 32 Mn for 38.5-65% in Hagwood/Empire/Alliance (avg ~₹58 Cr turnover); foreign exit, 45-day close no approvals

  • STEL Holdings/Saregama Buy(OPPORTUNITY)

    0.18% add at market (Saregama +46% YoY rev ₹1,171 Cr); music/entertainment momentum

  • 99.92% approval divest UK/France subs; focus shift to core, indep directors add governance

  • 26% at ₹34.50 fair per IDC (tender Mar 17-Apr 2); arbitrage if premium to market

  • PVV Infra/Stock Split(OPPORTUNITY)

    1:5 split 95%+ approved; improved liquidity, retail entry post Mar low turnout

  • ECap Equities/Early Redemption(OPPORTUNITY)

    Full ₹275 Cr NCDs redeemed early; deploy cash to equity upside

  • NHIT/Distribution(OPPORTUNITY)

    ₹1.16/unit record Mar 19; stable infra trust yield play

  • ₹38 Cr for 100% wind-solar hybrid capex in Gujarat, close Mar 31; green energy expansion

  • Ajay Sawant disclosure Reg 29(2); potential stake build tech sector

Sector Themes(6)

  • Debt Market Resilience

    20+ filings confirm timely/early interest payments/redemptions (e.g., Navi ₹14 Cr, Ugro ₹1.57 Cr early, ECap ₹275 Cr full early); avg no delays signals strong liquidity across NBFCs/finserv/infra, low default risk pre-mkt

  • Promoter Selling Pressure

    5 cases net sells (Mahip -16%, DCM -1.1%, Gorani inter-se -2.7%, East India propose 29L); industrials/realty heavy vs rare buys (STEL 0.18%), conviction dip avg -5% holdings

  • Capital Raise Momentum

    Rights (TIL ₹200 Cr), NCD allot (Jio ₹1,000 Cr), fundraising mtgs (Satin Mar 20); 4/48 filings signal growth capex appetite, watch refinancing (Kudgi Mar 20)

  • Positive Shareholder Votes

    3/48 postal ballots >95% approval (PVV split/directors, Centum 99.9% restructure/directors); governance upgrades, low dissent (avg <0.1% against)

  • Realty/Mall Consolidation

    Prozone USD 32 Mn for 38-65% mall stakes (mixed YoY: +8%/-17%/+2%), Clean Max renewables tuck-in; sector M&A active, turnover avg flat

  • Routine Compliance Overload

    25+ record dates/interest (Mar 19-Jun), redemptions; low materiality but flags healthy cashflows, alpha in short-dated arb

Watch List(8)

  • Record date Mar 20 for ₹3.08 Cr div + redemption 2.29 Cr shares; trading window closed till Mar 22 [Mar 20]

  • Review operations Mar 24 11AM; potential updates [Mar 24]

  • TIL Limited/Rights Entitlements
    👁

    Record Mar 23, RE credit to demat; subscription window post [Mar 23]

  • NHIT/Distribution
    👁

    ₹1.16/unit record Mar 19, pay within 5 days; yield confirmation [Mar 19]

  • Kudgi Transmission/Debt Refinance
    👁

    Board approve Mar 20; terms/impact on leverage [Mar 20]

  • Satin Finserv/Fundraise
    👁

    Working committee NCD private placement Mar 20; size/terms [Mar 20]

  • Tendering starts Mar 17 to Apr 2 at ₹34.50; acceptance rates [Mar 17-Apr 2]

  • GST ₹47 Cr penalty order Mar 16; appeal filing timeline [Ongoing]

Filing Analyses(48)
Timex Group India LtdCorporate Governanceneutralmateriality 6/10

16-03-2026

Timex Group India Limited has scheduled a Board meeting on March 20, 2026, to approve an interim dividend of ₹3.08 Cr (₹1.388 per share) on 2,29,00,000 unlisted 13.88% Cumulative Redeemable Preference Shares (face value ₹10 each, total face value ₹22.9 Cr) and their redemption. The record date for dividend and redemption proceeds is fixed as March 20, 2026. Trading window for company shares is closed from March 16 to March 22, 2026.

  • ·Preference shares issued in March 2006
  • ·Dividend period: April 1, 2025 to March 20, 2026
  • ·Trading window closure due to SEBI (Prohibition of Insider Trading) Regulations, 2015
Prozone Realty LimitedMerger/Acquisitionmixedmateriality 9/10

16-03-2026

Prozone Realty Limited's board approved the acquisition of 38.50% equity in material subsidiary Hagwood Commercial Developers Pvt Ltd (turnover ₹62.71 Cr in FY25, +8% YoY) directly from TREIIL and Pearlscope for USD 5.55 Mn (59,34,782 shares), while its wholly-owned subsidiary Kruti Realtors approved acquiring 38.50% in Alliance Mall Developers (turnover ₹54.44 Cr in FY25, -17% YoY decline) for USD 9.91 Mn and 65.29% in Empire Mall Pvt Ltd (turnover ₹59.27 Cr in FY25, +2% flat YoY) for USD 16.68 Mn. These transactions consolidate ownership in mall development entities aligned with the company's business and provide exit to foreign shareholders TREIIL, TREIHL, Pearlscope, and others. No regulatory approvals needed; completion targeted within 45 days.

  • ·Targets incorporated: Hagwood (Aug 26, 2006), Alliance (Aug 31, 2007), Empire (Feb 8, 2006)
  • ·All entities in India, focused on developing/operating shopping malls, residential/commercial premises
  • ·Cash consideration only; not related party transactions; no promoter/group interest in targets
DRA CONSULTANTS LIMITEDCorporate Governanceneutralmateriality 3/10

16-03-2026

DRA Consultants Limited has notified BSE of an upcoming Board of Directors meeting scheduled for March 24, 2026, at 11:00 A.M. at its registered office in Nagpur. The agenda includes review of business operations and any other matters with the Chair's permission.

  • ·BSE Scrip Code: 540144
  • ·CIN: L93090MH2009PLC192183
  • ·Meeting venue: Plot No. 58, Ingole Nagar, Wardha Road, Nagpur MH-440005
  • ·Contact: +91-9922954932, cs@dra.net.in, www.dra.net.in
  • ·Secretary Membership No.: A68996
UnknownCorporate Governancepositivemateriality 8/10

16-03-2026

PVV Infra Ltd disclosed the voting results of its postal ballot conducted from February 14 to March 15, 2026, where all three resolutions passed with strong majorities: stock split of 1 equity share of Rs.5 into 5 shares of Rs.1 (95.54% in favor), appointment of Mr. Narsimhar ao Venkata Laxmi Venuturupalle as Independent Director (96.44% in favor), and appointment of Mr. Tse Hsiung Norman Lao as Independent Director (95.55% in favor). While promoters voted 100% in favor across all resolutions, overall shareholder turnout was low at 25.19% of shares, with public 'others' participation at only 5.56% and against votes ranging from 3.56% to 4.46%.

  • ·Cut-off date for members: February 5, 2026
  • ·Postal Ballot Notice dated: February 13, 2026
  • ·Venuturupalle appointed as Additional Director: November 10, 2025
  • ·Lao appointed as Additional Director: February 9, 2026
  • ·Independent Director terms: March 15, 2026 to March 15, 2031 (not liable to retire by rotation)
  • ·No invalid votes or related party votes considered in results
  • ·CIN: L70102AP1995PLC111705; Scrip Code: 536659
Fusion Finance LimitedRegulatory Actionmixedmateriality 3/10

16-03-2026

Fusion Finance Limited received an adjudication order dated March 16, 2026 from ROC Delhi, imposing a penalty of ₹3L on the company and ₹1L on erstwhile Managing Director Devesh Sachdev for non-compliance with Section 152(6) of the Companies Act, 2013 from July 20, 2021 to July 08, 2023, regarding insufficient Non-Independent Directors liable to retire by rotation. The company voluntarily filed for adjudication, and the matter is now concluded. It has maintained full compliance since July 08, 2023, with negligible financial impact.

  • ·Stock symbols: FUSION (NSE), Scrip Codes: 543652, 977381, 977412 (BSE)
  • ·Disclosure under Regulation 30(2) of SEBI LODR Regulations, 2015 and Schedule III
Educomp Solutions LimitedInsolvencynegativemateriality 9/10

16-03-2026

NCLT directed issuance of fresh Form G for re-bidding of Educomp Solutions Limited and mandated conclusion of the CIRP within 100 days following the March 13, 2026 hearing. The tribunal also ordered IBBI to investigate the SRA's failure to implement the approved Resolution Plan, with potential complaints under Section 236 of the IBC if offences are found. Various contempt petitions and IAs filed by ERP, SBI, IDBI Bank, and ex-promoter Shantanu Prakash were disposed of.

  • ·NCLT hearing held on March 13, 2026; lawyer email dated March 15, 2026.
  • ·Disposed IAs include Contempt Petition 55/2023 (ERP), IA/57/2023 (SBI), Contempt Petition 11/ND/2025 (IDBI Bank), IA-1766/ND/2025 (ERP), IA-2952/ND/2024 and IA-5266/ND/2025 (Shantanu Prakash).
  • ·Liberty granted to Shantanu Prakash to approach Resolution Professional regarding de-freezing of shareholding.
UnknownCorporate Actionpositivemateriality 9/10

16-03-2026

TIL Limited's Right Issue Committee approved a Rights Issue of 1,20,91,760 partly paid-up equity shares of face value ₹10 each, aggregating up to ₹199.51 Cr at a price of ₹165 per fully paid-up share, with 75% payable on application. The rights entitlement ratio is 11 shares for every 64 held by eligible shareholders as on the record date of March 23, 2026. In-principle approvals have been received from BSE and NSE.

  • ·Rights Entitlement Ratio: 11 Rights Equity Shares for every 64 Equity Shares held
  • ·Record Date: March 23, 2026
  • ·In-principle approvals: NSE/LIST/53745 dated March 16, 2026; BSE LOD/RIGHT/SS/FIP/1885/2025-2026 dated March 16, 2026
  • ·Committee meeting held on March 16, 2026 from 9:00 p.m. to 9:30 p.m.
UnknownCorporate Actionneutralmateriality 9/10

16-03-2026

TIL Limited's Right Issue Committee approved a rights issue of 1,20,91,760 partly paid-up equity shares of face value ₹10 each at ₹165 per share, aggregating up to ₹199.51 Cr, with 75% payable on application. The rights entitlement ratio is 11 shares for every 64 equity shares held on the record date of March 23, 2026. In-principle approvals have been received from BSE and NSE, and rights entitlements will be credited to demat accounts.

  • ·Rights Entitlement Ratio: 11 Rights Equity Shares for every 64 Equity Shares held
  • ·Record Date: March 23, 2026
  • ·Meeting held on March 16, 2026 (9:00 p.m. to 9:30 p.m.)
  • ·BSE Scrip Code: 505196; NSE Scrip Code: TIL
  • ·In-principle approvals: NSE/LIST/53745 (March 16, 2026) and BSE LOD/RIGHT/SS/FIP/1885/2025-2026 (March 16, 2026)
UnknownMerger/Acquisitionpositivemateriality 6/10

16-03-2026

STEL Holdings Limited, an unregistered Core Investment Company and promoter group member of Saregama India Limited, acquired 350,000 fully paid-up equity shares (0.18% stake) in Saregama India Limited for a total cash consideration of approximately ₹12.45 Cr at ₹355.70 per share via market purchase on March 16, 2026. Saregama, a leading music and entertainment company with products like Carvaan, reported robust revenue growth with FY 2024-25 turnover at ₹1,171.36 Cr, up 46% YoY from ₹803 Cr in FY 2023-24 (which was up 9% from ₹736.62 Cr in FY 2022-23). The acquisition increases STEL's holding from 0.26% and is in the ordinary course of its business, requiring no regulatory approvals.

  • ·Saregama India Limited date of incorporation: August 13, 1946
  • ·Saregama India Limited has presence in five countries
  • ·Acquisition executed at prevailing market price; not a related party transaction
  • ·No governmental or regulatory approvals required
UnknownDebt Securitiespositivemateriality 4/10

16-03-2026

JM Financial Products Limited confirmed the timely payment of interest amounting to ₹23.67 Lakh on its Non-convertible Debentures (Tranche III-Series IX, Scrip Code 937147, ISIN INE523H07BB1) on March 16, 2026, matching the due date and record date of February 27, 2026. The NCD issue size stands at ₹236.71 Lakh with yearly interest frequency. No delays or changes in payment terms were reported.

  • ·Interest payment record date: 27/02/2026
  • ·Previous interest payment date: 15/03/2025 (adjusted due to bank holiday on 16/03/2025)
  • ·Interest frequency: Yearly
  • ·No redemption payments applicable
Orient Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

16-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Ajay Baliram Sawant & Others pertaining to Orient Technologies Limited (BSE: 544235) on March 16, 2026. No details on acquisition size, shares acquired, stake percentages, or transaction terms are provided in the filing. This appears to be an early-stage substantial acquisition-related regulatory disclosure in the technology sector.

DCM Shriram Industries LimitedMerger/Acquisitionneutralmateriality 6/10

16-03-2026

Promoter Alok Bansidhar Shriram, part of the promoter group (PAC) holding 50.11% (43,590,115 shares), sold 958,802 shares (1.10%) in DCM Shriram Industries Ltd. via an off-market transaction on March 13, 2026, reducing his personal holding from 1.10% to zero. The company's total equity share capital remains unchanged at 86,992,185 shares, with the PAC's aggregate stake unaffected by this individual sale. Disclosure filed on March 16, 2026 under SEBI Regulation 29(2).

  • ·Mode of sale: Off-market (Off-Mkt)
  • ·Shares listed on NSE/BSE
  • ·PAC includes HUFs, family members, and Akshay Foundation with detailed sub-holdings (e.g., Mr. Madhav B. Shriram & Family: 8,942,299 shares or 10.28%)
UnknownDebt Securitiesneutralmateriality 3/10

16-03-2026

Moneywise Financial Services Pvt. Ltd. has intimated the record date of 28th March 2026 for monthly interest payment on its Non-Convertible Debentures (ISIN: INE956L07084), listed on 22nd January 2025. The interest payment is scheduled for 12th April 2026, in compliance with Regulation 60 of SEBI LODR Regulations 2015. No financial amounts or performance metrics were disclosed in this routine disclosure.

  • ·Company CIN: U51909DL1996PTC353582
  • ·Company website: www.smcfinance.com
  • ·Scrip Code: 976343
UnknownDebt Securitiespositivemateriality 4/10

16-03-2026

Navi Finserv Limited confirmed the timely payment of interest on four series of Non-Convertible Debentures (ISINs: INE342T07437, INE342T07460, INE342T07452, INE342T07445) on March 13, 2026, in compliance with Regulation 57(1) of SEBI LODR. The total issue size across these NCDs aggregates to ₹303.25 Cr, with interest payments totaling ₹14.08 Cr (75.90 Lakhs, 77.03 Lakhs, 697.80 Lakhs, and 557.25 Lakhs respectively). All payments were made on the due date with no delays or changes in frequency reported.

  • ·Record date for interest payments: February 26, 2026 for all series.
  • ·Frequency: Monthly for first two ISINs, Annual for last two.
  • ·Date of last interest payment: February 13, 2026 for first two; March 13, 2025 for last two.
  • ·CIN: U65923KA2012PLC062537
UnknownCorporate Governanceneutralmateriality 6/10

16-03-2026

Kudgi Transmission Limited informed BSE Limited on March 16, 2026, that a Board of Directors meeting is scheduled for March 20, 2026, to consider and approve the refinancing of its existing debts, pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015. The notice was issued by Ojes Cherian Madappattu, Whole-time Director. No specific details on debt amounts or terms were disclosed.

  • ·Corporate Identity Number: U40106TN2012PLC111122
  • ·DIN: 10813704
UnknownCorporate Actionneutralmateriality 4/10

16-03-2026

AU Small Finance Bank Limited has intimated BSE Limited of record dates for payment of interest on Non-Convertible Debentures (NCDs) due till June 30, 2026, in compliance with SEBI LODR Regulations. Record dates span from March 21, 2026, to June 08, 2026, with corresponding interest payment dates from April 05, 2026, to June 23, 2026, across multiple ISINs including INE519Q08178, INE519Q08186, INE519Q08160, and INE519Q08194. This is a routine disclosure for debenture holders with no financial amounts or performance metrics disclosed.

  • ·Scrip Codes: 974963, 975017, 974914, 975038
  • ·Ref. No.: AUSFB/SEC/2025-26/492
  • ·Compliance Reference: Regulation 60(2) of SEBI LODR 2015 and SEBI (Issue and Listing of Non-Convertible Securities) Regulations 2021
UnknownDebt Securitiespositivemateriality 4/10

16-03-2026

Kerala Financial Corporation confirmed timely payment of half-yearly interest to eligible beneficial owners of its 7.70% Non SLR Bond Issue series 1/2020, as required under Regulation 57(1) of SEBI (LODR) Regulations, 2015. The interest was due on March 14, 2026, but paid on March 16, 2026 (Monday) per the Business Day Convention advised by the Debenture Trustee. No delays or issues were reported.

  • ·Certificate reference: KFC/F&A/BONDS/2025-26 dated 16.03.2026
  • ·Address: VELLAVAMBALAM, THIRUVANANTHAPURAM - 695 033
UnknownDebt Securitiesneutralmateriality 4/10

16-03-2026

Nexus Select Trust adjourned its Debenture Holders' meeting, originally scheduled for March 16, 2026, due to lack of quorum; the meeting aims to approve amendments to the Debenture Trust Deed dated December 9, 2025, and related documents to correct a typographical error in the description of mortgaged property at Westend Mall, Pune. The adjourned meeting is rescheduled for March 23, 2026, at 12:30 p.m. via audio-visual means. The affected NCDs, with ISINs INE0NDH07068 and INE0NDH07076, represent an aggregate principal amount of up to ₹700 Cr.

  • ·Original filing reference: March 10, 2026
  • ·Debenture Trust Deed dated December 9, 2025
  • ·Trust’s Key Information Document (KID) dated December 10, 2025
  • ·Script Symbol: NXST; Scrip Code: 543913
UnknownDebt Securitiespositivemateriality 8/10

16-03-2026

ECap Equities Limited completed the full early redemption of 27,500 NCDs (ISIN: INE468N08043) on March 13, 2026, ahead of the scheduled maturity date of March 16, 2026, at a total amount of ₹275 Cr. The redemption was at the request of Debenture Holders, resulting in no outstanding amount post-redemption. This transaction was intimated pursuant to Regulation 57 of SEBI LODR Regulations.

  • ·Redemption type: Full, at request of Debenture Holders
  • ·Last interest payment date: September 24, 2025
  • ·Filing date: March 16, 2026
UnknownDebt Securitiesneutralmateriality 9/10

16-03-2026

Jio Credit Limited allotted 1,00,000 secured, redeemable, listed, non-convertible debentures on a private placement basis, aggregating ₹1,000 Cr at a face value of ₹1 Lakh each and a coupon rate of 7.66% per annum. The debentures, with ISIN INE282H07059, are set to be redeemed at par on March 16, 2031. This disclosure complies with Regulation 51 of SEBI (LODR) Regulations, 2015.

  • ·CIN: U64990MH2000PLC123731
  • ·Registered Address: 1st Floor, Building 4NA, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai - 400051, India
UnknownCorporate Governancepositivemateriality 8/10

16-03-2026

The Board of National Highways Infra Investment Managers Private Limited, acting as Investment Manager for National Highways Infra Trust (NHIT), approved distributions of ₹1.160 per unit to unitholders for the period ended January 2026, consisting of ₹1.157 per unit as interest pass-through and ₹0.003 per unit as other income from surplus funds. The record date is March 19, 2026, with distributions to be paid within 5 working days thereafter, subject to applicable withholding taxes.

  • ·Scrip Code: 543385; Scrip ID/Symbol: NHIT
  • ·Board meeting held on March 16, 2026, from 04:30 p.m. to 06:30 p.m.
  • ·Approval pursuant to Unitholders' EOM on March 12, 2026
UnknownCorporate Actionneutralmateriality 5/10

16-03-2026

Niwas Housing Finance Limited announced the record date of March 27, 2026 (adjusted from March 29, 2026, as it is not a working day), for payment of interest and partial principal redemption on its Senior, Secured, Redeemable, Rated, Listed, Taxable Non-Convertible Debentures (ISIN: INE01AI07017). The payment is scheduled for April 13, 2026, involving redemption of INR 10,000 per NCD from the current face value of INR 50,000, reducing it to INR 40,000 post-redemption.

  • ·Scrip Code: 974777
  • ·CIN: U65990MH2016PLC271587
  • ·Regulation: 60 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Mahip Industries LimitedMerger/Acquisitionnegativemateriality 9/10

16-03-2026

Mr. Rajiv Govindram Agarwal, Whole-Time Director and Promoter of Mahip Industries Limited, disclosed the off-market disposal of 31.00 Lakh equity shares (16.11% stake) on March 13, 2026, under SEBI Takeover Regulations. This reduced his shareholding from 91.55 Lakh shares (47.58%) to 60.55 Lakh shares (31.47%), representing a significant decline of approximately 34% in his ownership percentage. Total equity share capital remains unchanged at ₹19.24 Cr, comprising 192.40 Lakh shares of ₹10 each.

  • ·Disclosure filed on March 16, 2026, pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Mode of disposal: Off-market transfer
  • ·CIN: L15549GJ1995PLC028116
  • ·BSE Scrip Code: 542503
UnknownDebt Securitiesneutralmateriality 7/10

16-03-2026

Satin Finserv Limited has intimated BSE Limited that a meeting of the Working Committee of the Board of Directors is scheduled on March 20, 2026, to consider a fundraising proposal via private placement of listed, secured/unsecured non-convertible debentures, pursuant to Regulation 50 of SEBI (LODR) Regulations, 2015. No details on the amount, terms, or tenure of the debentures have been disclosed at this stage. The intimation references multiple scrip codes for existing securities.

  • ·Filing date: March 16, 2026
  • ·Scrip Codes: 975796, 975977, 976035, 977095, 977169, 977420, 977443, 977535, 977598, 977621
  • ·CIN: U65999HR2018PLC099128
  • ·Registered Office: 4th Floor, B-Wing, Plot No. 492, Udyog Vihar, Phase-III, Gurugram, Haryana-122016
UnknownCorporate Actionneutralmateriality 4/10

16-03-2026

AI Assets Holding Limited, a Government of India company, has fixed April 7, 2026, as the record date for payment of 7% interest on 70,000 rated, listed, unsecured, redeemable, convertible Non-Convertible Debentures (ISIN: INEOAEDO08037) with a face value of ₹10 lakh each, totaling ₹700 Cr. The interest payment is scheduled for April 22, 2026. This is a routine compliance intimation under SEBI (LODR) Regulations.

  • ·ISIN: INEOAEDO08037
  • ·CIN: U74999DL2018GOI328865
  • ·Registered Office: 2nd Floor, AI Administration Building, Safdarjung Airport, New Delhi-110003
UnknownRegulatory Actionneutralmateriality 5/10

16-03-2026

East India Drums and Barrels Manufacturing Ltd (523874) disclosed on March 16, 2026 via BSE that promoter Shri Madhav Jayesh Valia proposes to sell up to 29,09,044 equity shares of face value. No transaction value, percentage of holding, buyer details, timeline, or regulatory violation specifics were mentioned. This event is categorized as a Regulatory Action with no further financial or operational metrics provided.

UnknownCorporate Actionneutralmateriality 4/10

16-03-2026

Jamnagar Utilities & Power Private Limited announced record dates and due dates for interest payments and redemption proceeds on its listed secured redeemable non-convertible debentures (NCDs) for FY 2026-27 under Regulation 60 of SEBI LODR. The notice covers PPD 6 (40,000 units, 6.40%, redemption Sept 29, 2026), PPD 7 (3,35,000 units, 7.90%, interest Aug 10, 2026), and PPD 8 (2,00,000 units, 7.43%, interest Oct 26, 2026). This is a routine disclosure with no financial performance data or period-over-period comparisons provided.

  • ·ISINs: PPD 6 (INE936D07174), PPD 7 (INE936D07182), PPD 8 (INE936D07190)
  • ·Record dates: July 26, 2026 (PPD 7 interest); September 14, 2026 (PPD 6 interest/redemption); October 11, 2026 (PPD 8 interest)
  • ·CIN: U40100GJ1991PTC051130
UnknownCorporate Actionneutralmateriality 2/10

16-03-2026

Happiest Minds Technologies Limited has intimated the record dates for interest payments on its Non-Convertible Debentures (NCDs) pursuant to Regulation 60 of SEBI LODR. For ISIN INE419U08025, the record date is 23-04-2026 with payment due on 08-05-2026 for the quarter April to June 2026; for ISIN INE419U08033, the record date is 11-06-2026 with payment due on 26-06-2026. No debentures are to be redeemed.

  • ·Filing Date: March 16, 2026
  • ·ISIN INE419U08025: Interest for quarter April to June 2026
  • ·ISIN INE419U08033: Interest payment details
  • ·Number of Debentures to be redeemed: NA
UnknownDebt Securitiespositivemateriality 5/10

16-03-2026

Ugro Capital Limited confirmed timely payment of monthly interest on its Non-Convertible Debentures ahead of schedule, with ₹1.12 Cr paid on ISIN INE583D07612 (issue size ₹150 Cr) and ₹44.69 L on ISIN INE583D08131 (issue size ₹50 Cr), on March 16, 2026, one day before the due date of March 17, 2026. No delays or changes in payment frequency were reported, and redemption payments are not applicable.

  • ·Interest payment record date: March 2, 2026
  • ·Due date for interest payment: March 17, 2026
  • ·Actual date of interest payment: March 16, 2026
  • ·Date of last interest payment: February 16, 2026
  • ·Frequency of interest payment: Monthly
UnknownDebt Securitiespositivemateriality 4/10

16-03-2026

NHAI confirmed fulfillment of annual interest payment obligations for three bond series (ISINs: INE906B07DB7, INE906B07DE1, INE906B07DF8) on March 16, 2026, one day after the due date of March 15, 2026, due to it being a Sunday. All scheduled interest payments totaling ₹322.24 Cr were paid in full across issue sizes of ₹849.60 Cr, ₹1,732.02 Cr, and ₹1,189.81 Cr respectively, with no changes in frequency or delays beyond the noted one-day shift.

  • ·Interest payment record date: 27/02/2026
  • ·Date of last interest payment: 15/03/2025
  • ·Payment frequency: Annual
  • ·Disclosure under SEBI Circular dated 29.07.2022, Regulation 57(1)
UnknownCorporate Actionneutralmateriality 4/10

16-03-2026

Indian Railway Finance Corporation Ltd. (IRFC) has fixed the Record Date for redemption-cum-interest payment on its 168A Series Private Series Taxable Bonds (INEO53F08239) as April 06, 2026, with payment scheduled for April 18, 2026. The Record Date was adjusted due to holidays on April 03 (Good Friday), April 04, and April 05. This is a routine corporate action notice to BSE Limited.

  • ·CIN: L65910DL1986G01026363
  • ·ISIN: INEO53F08239
  • ·Holidays affecting Record Date: April 03, 2026 (Good Friday), April 04-05, 2026 (Public Holidays)
UnknownDebt Securitiespositivemateriality 6/10

16-03-2026

Joyville Shapoorji Housing Private Limited confirmed payment of interest on Series C and Series D Non-Convertible Debentures (NCDs) for the period February 27, 2026, to March 16, 2026, ahead of the due date of March 23, 2026. The company also executed partial redemption by quantity of 1,00,000 NCDs each for Tranche T-4 of Series C (Scrip Code: 952985, ISIN: INE373S08713) and Series D (Scrip Code: 977129, ISIN: INE373S08721), with payments made on March 16, 2026. No delays or shortfalls were reported in the payments, which were based on available Distributable Amounts.

  • ·Interest payment period: February 27, 2026 to March 16, 2026; Record date: March 8, 2026; Due date: March 23, 2026; Actual payment: March 16, 2026.
  • ·Allotment date for redeemed tranches: July 4, 2018.
  • ·Additional scrip codes referenced: 952984, 952985, 973940, 973941, 977129, 977130.
  • ·Additional ISINs: INE373S08697 (Series C T-5), INE373S08705 (Series D), INE373S08713 (Series C T-4), INE373S08721 (Series D T-4).
UnknownDebt Securitiespositivemateriality 4/10

16-03-2026

Muthoot Capital Services Limited confirmed the on-time payment of monthly interest amounting to ₹38.36 L on its debentures (ISIN: INE296G07150) with an issue size of ₹50 Cr. The payment was made on the due date of March 16, 2026, matching the actual payment date with no delays or changes in frequency reported.

  • ·Interest payment record date: 28.02.2026
  • ·Date of last interest payment: 16.02.2026
  • ·Payment frequency: Monthly
  • ·Multiple scrip codes for debentures and CP: 975282, 975513, 975662, etc.
  • ·CIN: L67120KL1994PLC007726
Vishnu Prakash R Punglia LimitedMerger/Acquisitionneutralmateriality 2/10

16-03-2026

Vishnu Prakash R Punglia Ltd (BSE:543974) filed a revised disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on March 16, 2026, pertaining to Vijay Punglia. No quantitative details such as shareholding changes, transaction values, or percentage stakes are disclosed in the filing. This is an informational SAST compliance update with no impact metrics provided.

UnknownCorporate Actionneutralmateriality 4/10

16-03-2026

Sikka Ports & Terminals Limited has announced record dates and due dates for interest and redemption payments on three series of secured redeemable non-convertible debentures (NCDs) listed on BSE's Wholesale Debt Market segment, covering FY 2026-27 (April 1, 2026 to March 31, 2027). The NCDs include 20,000 units of PPD 6 (7.95%), 20,000 units of PPD 7 (7.90%), and 40,000 units of PPD 12 (6.75%). No financial performance metrics or changes are reported; this is a routine compliance disclosure under SEBI LODR Regulation 60.

  • ·PPD 12 (INE941D07208): Record Date 7-Apr-2026, Payment Due 22-Apr-2026 (Interest/Redemption)
  • ·PPD 6 (INE941D07158): Record Date 13-Oct-2026, Payment Due 28-Oct-2026 (Interest/Redemption)
  • ·PPD 7 (INE941D07166): Record Date 3-Nov-2026, Payment Due 18-Nov-2026 (Interest/Redemption)
  • ·Filing reference: Regulation 60 of SEBI (LODR) Regulations, 2015
MSP Steel & Power LimitedMerger/Acquisitionneutralmateriality 4/10

16-03-2026

MSP Steel & Power Ltd (532650) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 16, 2026, from Saket Agrawal and Persons Acting in Concert (PACs). This indicates an intention to acquire shares in the company that may trigger substantial acquisition thresholds under SAST. No details on deal structure, valuation, share count, transaction type, or strategic rationale are disclosed in the filing.

Gorani Industries Ltd.Merger/Acquisitionneutralmateriality 7/10

16-03-2026

Shanta Devi Gorani disclosed under SEBI Regulation 29(2) an inter-se transfer of 1,45,362 equity shares of Gorani Industries Limited to Geet Gorani via off-market gift on March 16, 2026, within the promoter/promoter group persons acting in concert. This transaction reduced Shanta Devi Gorani's voting rights holding from 6,72,000 shares (12.53% of total share capital) to 5,26,639 shares (9.82%). The total equity share capital remains unchanged at 53,62,600 shares of Rs. 10 each.

  • ·Disclosure submitted to BSE Corporate Relationship Department on March 16, 2026 from Indore.
  • ·Persons Acting in Concert (PAC) include Sanjay Kumar Gorani, Shanta Devi Gorani, Manju Gorani, Hema Gorani, Nakul Gorani, Narendra Kumar Gorani.
  • ·Equity shares have face value of Rs. 10 each.
UnknownDebt Securitiesneutralmateriality 3/10

16-03-2026

Bajaj Financial Securities Limited confirmed the redemption of Commercial Paper (Scrip Code: 730781, ISIN: INE01C314DT9) amounting to ₹450 Cr on its maturity date of March 16, 2026, with payment made on the same day. The redemption was executed in full accordance with the issuance terms and SEBI Master Circular dated October 15, 2025. This is a routine compliance event with no reported deviations.

  • ·SEBI Master Circular reference: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
UnknownDebt Securitiesneutralmateriality 4/10

16-03-2026

Bajaj Financial Securities Limited confirmed the redemption of its Commercial Paper (Scrip Code: 730781, ISIN: INE01C314DT9) amounting to ₹450 Cr on the maturity date of March 16, 2026, with payment completed on the same day. The redemption was in accordance with the terms of issuance and SEBI Master Circular dated October 15, 2025.

  • ·Scrip Code: 730781
  • ·ISIN No.: INE01C314DT9
UnknownDebt Securitiesneutralmateriality 5/10

16-03-2026

Bajaj Financial Securities Limited confirmed the redemption of Commercial Paper (Scrip Code: 730781, ISIN: INE01C314DT9) amounting to ₹450 Cr on its maturity date of March 16, 2026. The payment was made on the same day in full accordance with the terms of issuance and SEBI guidelines. No delays or issues were reported in the process.

  • ·Reference: SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
  • ·Addressed to: The Manager, BSE Limited, DCS - CRD, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
UnknownCorporate Governanceneutralmateriality 5/10

16-03-2026

Marwadi Chandarana Intermediaries Brokers Private Limited's Board of Directors, in their meeting on March 16, 2026, decided to withdraw the proposal for issuance of Non-Convertible Debentures (NCDs) that was previously intimated on March 11, 2026. Consequently, the company will not proceed with the NCD issuance. The trading window under the Code of Conduct for Prevention of Insider Trading has been reopened with immediate effect.

  • ·Board meeting commenced at 03:00 P.M. and concluded at 03:45 P.M. on March 16, 2026.
  • ·Scrip codes: 976985 and 977424.
  • ·SEBI Registration Number: INZ000U7120GI2018PTC103598.
  • ·DIN: 00057120
Lykis LimitedCorporate Governancepositivemateriality 9/10

16-03-2026

Parshav Vatika LLP (Acquirer) along with PACs K8 Products LLP and Tidagela Ventures Private Limited is making a mandatory open offer under SEBI (SAST) Regulations to acquire 50,37,541 fully paid-up equity shares of ₹10 each, representing 26.00% of Lykis Limited's total voting share capital, at ₹34.50 per share. The Committee of Independent Directors (IDC) has unanimously recommended the offer as fair and reasonable, with no competitive bids received. The Letter of Offer was dispatched on March 07-10, 2026, and the tendering period runs from March 17, 2026, to April 02, 2026.

  • ·Identified Date: March 02, 2026
  • ·No revision in Offer Price from Letter of Offer
  • ·No statutory approvals required as on LOF date
  • ·Implemented via BSE Acquisition Window
  • ·Draft LOF filed with SEBI: January 02, 2026; SEBI observations: February 26, 2026
UnknownCorporate Actionneutralmateriality 4/10

16-03-2026

CSA Investments Private Limited intimated BSE Limited on March 16, 2026, of record dates for interest payments on multiple series of Non-Convertible Debentures pursuant to SEBI LODR Regulation 60(2), applicable for the quarter ending March 31, 2026. The debentures, identified by BSE scrip codes (e.g., 975629, 977191) and ISINs (e.g., INE0LWH07054), carry fixed interest rates of 14.25% or 12%, with record dates from March 20, 2026, to June 26, 2026, and corresponding payment due dates up to July 2026. No principal amounts or payment values were disclosed.

  • ·Company CIN: U65929HR2022PTC100418
  • ·Address: 25A, Tower B-2, Spaze ITech Park, Sohna Road, Gurugram-122018
Centum Electronics LimitedCorporate Governancepositivemateriality 8/10

16-03-2026

Centum Electronics Limited disclosed the voting results of its postal ballot conducted from February 15 to March 16, 2026, where all three special resolutions were approved with overwhelming majorities: 99.9999% for appointing Mr. Apurva Chandra and Mr. Ramesh Ramadurai as Independent Directors, and 99.9212% for restructuring (divestment/sale/cessation of control) of subsidiaries Centum Electronics UK Limited and Centum T&S Group S.A., France. Voting turnout was 71.32-71.33% of 14,736,150 total shares, with promoters at 100% in favor across all resolutions and negligible opposition overall (13 votes against for resolutions 1-2, 8,283 for resolution 3). No significant dissent noted, though minor against votes occurred in public categories.

  • ·Promoter group: 6,910,478 votes polled at 100% turnout, 100% in favor for all resolutions.
  • ·Public Institutions: 3,040,821 votes polled (87.26% turnout); 100% in favor for Res 1-2, 99.7282% for Res 3 (8,265 against).
  • ·Public Non-Institutions: 559,029-559,379 votes polled (~12.88% turnout); ~99.997% in favor for Res 1-2 (13 against), 99.9968% for Res 3 (18 against).
Camlin Fine Sciences LimitedRegulatory Actionnegativemateriality 8/10

16-03-2026

Camlin Fine Sciences Limited received an order dated March 16, 2026, from the Additional Commissioner, Office of the Commissioner of CGST & Central Excise, Palghar Commissionerate, demanding ₹23.54 Cr in ineligible Input Tax Credit (ITC) plus equivalent penalty of ₹23.54 Cr and applicable interest for FY 2019-20 to FY 2022-23 due to contravention related to outstanding trade payables over 180 days. The company asserts no material impact on financials, operations, or other activities and plans to file an appeal.

  • ·Order issued under Section 74(9) of CGST Act 2017 for contravention of Sections 16, 41, 155 and Rule 37 related to ITC on payables outstanding >180 days.
  • ·Interest applicable under Section 50 of CGST Act.
Centum Electronics LimitedCorporate Governancepositivemateriality 8/10

16-03-2026

Centum Electronics Limited disclosed the postal ballot voting results on March 16, 2026, with all three special resolutions approved by requisite majorities exceeding 99.92%. Resolutions included appointing Mr. Apurva Chandra (DIN: 02531655) and Mr. Ramesh Ramadurai (DIN: 07109252) as Independent Directors (99.9999% approval) and approving restructuring/divestment of Centum Electronics UK Limited and Centum T&S Group Société Anonyme (S.A.), France, including subsidiaries (99.9212% approval). Voting turnout was 71.32% of 14,736,150 total outstanding shares, with negligible opposition (13 votes against for first two resolutions, 8,283 for the third).

  • ·Remote e-voting period: February 15, 2026 (9:00 a.m. IST) to March 16, 2026 (5:00 p.m. IST)
  • ·Postal Ballot Notice dated February 14, 2026
  • ·Scrutinizer's Report dated March 16, 2026
Camlin Fine Sciences LimitedRegulatory Actionmixedmateriality 8/10

17-03-2026

Camlin Fine Sciences Limited (CFSL) has postponed filing its mandatory simplified cash tender offer (OPAS) for remaining Vinpai shares from end-February 2026 to early May 2026 due to Indian foreign exchange regulations and the upcoming publication of Vinpai's 2025 annual financial statements on April 16, 2026, while keeping the offer price at €3.60 per share. Following the block acquisition of 78.68% share capital (84.89% voting rights) on November 27, 2025, and conversion of convertible bonds, CFSL now holds 83.82% of share capital and 80.86% of voting rights. CFSL has decided against implementing a squeeze-out procedure to maintain Vinpai's listing on Euronext Growth Paris for market visibility and financing support.

  • ·Convertible bonds issued on October 20, 2025
  • ·Previous OPAS filing announcement on December 23, 2025 targeted end of February 2026
  • ·Vinpai ISIN: FR001400AXT1; mnemonic: ALVIN
  • ·Vinpai 2025 annual financial statements publication scheduled for April 16, 2026
Clean Max Enviro Energy Solutions LimitedMerger/Acquisitionmixedmateriality 7/10

17-03-2026

Clean Max Enviro Energy Solutions Limited entered into a Share Purchase Agreement on March 16, 2026, to acquire 100% equity shares of Kintech Solarbikaner Private Limited for an enterprise value of ₹38.06 Cr, aimed at expanding wind-solar hybrid renewable energy capacity in Gujarat. However, the target entity has zero turnover in both FY24 and FY25 and a negative net worth of ₹-0.83 L as of FY25. The acquisition is expected to complete by March 31, 2026.

  • ·Target entity incorporated on May 31, 2023.
  • ·No governmental or regulatory approvals required.
  • ·Transaction not a related party transaction.

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