India SEBI Regulatory Enforcement Actions — May 06, 2026

06-05-2026

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

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

06-05-2026

Jaiprakash Power Ventures Limited disclosed a fine levied by NSE (lead exchange) for alleged non-compliance with Regulation 19(1) and 19(2) of SEBI LODR Regulations on committee composition for quarters ended March 31, 2023, and June 30, 2023. The company paid ₹2,40,720 (including GST) to NSE and ₹2,07,680 (including GST) to BSE. No material impact on financial, operational, or other activities was reported.

• ·NSE letter dated May 5, 2026
• ·Non-compliance pertains to consecutive quarters ended March 31, 2023, and June 30, 2023
• ·Disclosure made pursuant to Regulation 30 of SEBI LODR Regulations

06-05-2026

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

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

06-05-2026

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

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

06-05-2026

Concord Drugs Limited informed BSE Limited that it does not qualify as a 'Large Corporate (LC)' under SEBI Circulars dated November 26, 2018 and October 19, 2023, regarding fund raising by issuance of debt securities, as of March 31, 2026. As a result, the company is exempt from related requirements, including annual disclosures. The disclosure was signed by S Manoj Kumar Reddy, Whole Time Director.

• ·Scrip Code: 538965
• ·Letter dated April 10, 2026
• ·Framework applicability assessed as on March 31, 2026

06-05-2026

Jumbo Bag Limited confirmed to BSE Ltd (Scrip Code: 516078) that it does not qualify as a Large Corporate under the SEBI framework per circular SEBI/HO/DDHS/P/CIR/2021/613 and the Operational Circular dated August 10, 2021. Consequently, the company is exempt from the associated disclosure and compliance requirements. The letter was issued by Company Secretary Sunil Kumar Alluri on May 6, 2026.

• ·SEBI Circular Reference: SEBI/HO/DDHS/P/CIR/2021/613

06-05-2026

Ortin Global Limited (formerly Ortin Laboratories Limited) filed an initial disclosure stating it does not qualify as a 'Large Corporate' under SEBI Circular dated October 19, 2023, for FY 2026-2027, as it meets only the first condition of having listed equity shares on BSE and NSE. The company lacks outstanding long-term borrowings of ₹1,000 crore or more (excluding specified categories) and does not possess a credit rating of 'AA' or above for unsupported bank borrowings or plain vanilla bonds. This filing confirms no requirement for additional Large Corporate disclosures.

• ·CIN: L24110TG006885
• ·Script code: 539287
• ·Symbol: ORTINGLOBE
• ·Registered office: D. No. 1-8-305, Ground Floor, Chikkadpally, Musheerabad (Delivery), Hyderabad-500020, Telangana, India

06-05-2026

Jupiter Wagons Limited confirmed on May 6, 2026, that it is not identified as a 'Large Corporate' as of March 31, 2026 (FY 2025-2026) under SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022. As a result, the company is not required to submit the annual disclosure for FY 2025-2026. This regulatory filing was addressed to BSE Limited and National Stock Exchange of India Limited.

• ·CIN: L28100MP1979PLC049375
• ·Scrip Code: 533272
• ·NSE Symbol: JWL
• ·Corporate Office: 4/2 Middleton Street, Kolkata - 700071
• ·Registered Office: 48 Vandana Vihar, Narmada Road, Gorakhpur, Jabalpur - 482001

06-05-2026

Nalin Lease Finance Limited confirmed via disclosure to BSE Limited on May 06, 2026, that it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and amendments. Consequently, Large Corporate disclosure provisions are not applicable to the company for the financial year 2026-27.

• ·CIN: L65910GJ1990PLC014516
• ·Company Code: 531212
• ·ISIN: INE606C01012
• ·Registered Office: Gandhi Nursing Home Bldg., Dr. Nalinkant Gandhi Road, Himatnagar - 383 001
• ·Contact: Ph. (02772) 241264, 242264, E-mail: info@nalinfin.co.in

06-05-2026

Patidar Buildcon Limited confirms it does not qualify as a Large Corporate for FY 2025-26 under SEBI Circular SEBI/HO/DDHS/DDHS-RACPODI/P/CIR/2023/172 dated October 19, 2023. All incremental borrowings, mandatory borrowings through debt securities, shortfalls, and penalties are reported as NIL or NA in Rs Crore. The disclosure is submitted to BSE Limited within the required 45 days of FY end.

• ·CIN: L85101GJ1989PTC058691
• ·Company address: Lati Bazar, Joravamagar - 363020, Dist. Surendranagar (Gujarat)
• ·Disclosure filed within 45 days of FY 2025-26 end (March 31, 2026)

06-05-2026

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

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

06-05-2026

Shrydus Industries Limited confirmed to BSE Limited that it is not a 'Large Corporate' and does not have any 'Debt Securities' as per SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The confirmation, signed by Managing Director Shrey Premal Parekh, ensures compliance with regulations on fund raising by issuance of Debt Securities by Large Entities. No further actions or disclosures are indicated.

• ·Scrip Code: 511493, Scrip Id: SHRYDUS
• ·Filing addressed to Corporate Relations Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001

06-05-2026

Sula Vineyards Ltd (543711) filed the Format of Initial Disclosure to be made by an entity identified as a Large Corporate on BSE on May 06, 2026. The disclosure references a table format with columns for Sr. No., Particulars, and Details, but no specific data, numbers, or details are provided in the available filing text. This is a routine SEBI-mandated compliance filing indicating the company qualifies as a Large Corporate.

06-05-2026

Rap Corp Limited (formerly known as Rap Media Limited) has submitted a declaration to BSE Limited confirming it is NOT classified as a Large Corporate under SEBI criteria outlined in specified circulars. As a result, the company is exempt from filing the Annual Disclosure (Annexure B2) for incremental borrowings. The filing was made on May 06, 2026.

• ·CIN: L65990MH1994PLC08409
• ·Scrip Code: 531583
• ·SEBI Circulars: SEBI/HO/DDHS/P/OR/2021/613 (August 10, 2021, updated April 13, 2022); SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 (October 19, 2023)
• ·Registered Office: Aurora House, 16 Gulf Link, Union Park, Khar West, Mumbai - 400 052

06-05-2026

Gandhar Oil Refinery (India) Limited has completed the purchase of a land parcel admeasuring 01 Hectare 83.53 Are (equivalent to 18,353 sq. mtrs. or approx. 453.55 decimals) located at New Survey No.1322 (Old Survey No. 320/1), Village-Naroli, Taluka: Naroli, Patelad, District: Silvassa, adjoining its factory. The land was acquired from Narmada Creations for a consideration of ₹22,77,65,500. The transaction is at arm's length, not a related party transaction, with no shareholding in the seller or issuance of shares.

• ·Previous intimation dated 23rd January, 2026.
• ·Disclosure pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.
• ·No special rights, board nominees, or conflicts of interest.
• ·None of the sellers belong to promoter/promoter group/group companies.

06-05-2026

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

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

06-05-2026

Yash Innoventures Limited confirms it does not qualify as a Large Corporate for FY 2025-26 per SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144, with all incremental borrowings, mandatory debt securities borrowings, shortfalls, and penalties reported as NIL (in Rs Crore). Ms. Pooja Jain resigned as Company Secretary and Compliance Officer effective October 31, 2025, and the company is appointing a replacement. No other financial metrics or changes were disclosed.

• ·CIN: L45100GJ1991PLC016557
• ·Report for FY 2025-26, 2-Year Block Period: 2025-26
• ·CFO Contact: 9099908201
• ·Filing submitted within 45 days of FY end (March 31, 2026)

06-05-2026

Velan Hotels Limited confirms it is NOT a Large Corporate under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 due to its credit rating below the required AA level, stemming from defaults on term loans. Outstanding borrowings stood at ₹62.57 Cr as on 31st March 2026, with disclosure submitted to BSE Limited. No highest credit rating was applicable in the previous FY.

• ·CIN: L55101TZ1990PLC002653
• ·Disclosure signed on 30/04/2026
• ·Filing date: May 06, 2026

06-05-2026

AFLOAT ENTERPRISES LIMITED (formerly Adishakti Loha and Ispat Limited) has disclosed non-applicability of SEBI Circular dated November 26, 2018, and BSE Circular dated April 11, 2019, regarding fund raising by issuance of debt securities by large entities. As on March 31, 2024, the company does not qualify as a 'Large Corporate', exempting it from filing initial and annual disclosures in Annexures A and B1 for FY 2025-26. This filing confirms compliance status with no fundraising obligations under these regulations.

• ·Security Code: 543377
• ·ISIN: INE0CWK01019
• ·CIN: L51909DL2015PLC275150
• ·Director DIN: 00749265

06-05-2026

Bheema Cements Limited confirmed to BSE Limited that it does not qualify as a Large Corporate under SEBI circulars dated November 26, 2018, and October 19, 2023, due to its outstanding borrowings of ₹200.42 Crores as on March 31, 2026 (provisional figures, subject to audit). Highest credit rating during the previous FY is not applicable. The company attached Annexure-A confirming non-applicability of large entity disclosure requirements.

• ·CIN: L26942TG1978PLC002315
• ·Scrip Code: 518017
• ·Highest Credit Rating during previous FY: Not Applicable
• ·Disclosure dated April 30, 2026; filing date May 06, 2026

06-05-2026

Bluestone Jewellery and Lifestyle Limited informed BSE and NSE that it does not qualify as a 'Large Corporate' under SEBI Master Circular dated October 15, 2025, as its outstanding long-term borrowings are below Rs. 1,000 crore as on March 31, 2026. Consequently, initial and annual disclosure requirements for Large Corporates are not applicable to the company. This is a compliance disclosure with no financial performance metrics reported.

• ·SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15th October, 2025
• ·Scrip Code: Equity - 544484; Symbol: BLUESTONE, Series EQ
• ·Filing addresses: Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001; Bandra (E), Mumbai – 400 051