India Pre-Market Regulatory Roundup — March 04, 2026

03-03-2026

Siddheswari Garments Ltd announced the results of its postal ballot via remote e-voting, approving the appointment of M/s N Dokania & Associates (FRN: 014403C) as Statutory Auditors to fill the casual vacancy caused by the demise of Mr. Ramesh Kumar Bajaj of M/s R K Bajaj & Co. (FRN: 0314140E). The ordinary resolution passed with near-unanimous support, receiving 99.99% votes in favor (1,901,811 votes) and only 0.01% against (30 votes), from 57.44% of public non-institution shares polled out of 3,358,300 held. Promoters voted 100% in favor on their 1,600 shares, with total shareholders at 2,088.

• ·Cut-off date for voting eligibility: January 23, 2026
• ·Postal Ballot Notice date: January 29, 2026
• ·Remote e-voting period: February 1, 2026 (9:00 AM IST) to March 2, 2026 (5:00 PM IST)
• ·Scrutinizer report date: March 2, 2026
• ·Filing date: March 3, 2026

03-03-2026

United Spirits Limited received a favorable order dated 9 June 2025 from CESTAT Bangalore, upholding the company's valuation methodology for royalty from Contract Bottling Units and deleting the entire excise duty demand of ₹79.80 Cr plus interest and penalty of ₹60.70 Cr related to FY 1997-2005. The order was received on 2 March 2026, providing full relief with nil impact on financials or operations. This resolves a matter referenced in the company's prior filing on 14 August 2023.

• ·Order received on 2 March 2026 at 10:10 PM IST
• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
• ·Scrip Codes: BSE 532432, NSE UNITDSPR

03-03-2026

Religare Enterprises Limited disclosed that its material subsidiary, Care Health Insurance Limited (CHIL), received a Show Cause Notice (SCN) from IRDAI dated March 02, 2026, following a thematic onsite inspection from February 10-14, 2025, alleging violations of multiple IRDAI master circulars and regulations on operations, policyholders' interest, health insurance business, insurance products, and actuarial/finance/investment functions. CHIL is taking remedial steps and preparing a reply, with the company stating no material impact on REL's financials or operations despite consolidated financials. No penalties or restrictions have been imposed as yet.

• ·Scrip Symbol: RELIGARE; Scrip Code: 532915
• ·Inspection period: February 10, 2025 to February 14, 2025
• ·Date of receipt by CHIL: March 02, 2026; Date of intimation to REL: March 03, 2026
• ·Alleged violations include Master Circular on Operations & Allied Matters of Insurer, 2024; Protection of Policyholders Interest, 2024; Health Insurance Business, 2024; IRDAI (Insurance-Products) Regulations, 2024; IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited, owner of the 0.3 msf 'Pinehurst' premium Grade-A office building within Embassy GolfLinks Business Park in Bengaluru, for an enterprise value of ₹852 Cr at a discount to independent valuations. The 100% leased asset to a leading global investment firm is DPU and NOI accretive, strengthening Embassy REIT's leadership in Bengaluru’s prime office market with long-term income visibility. No declines or flat metrics reported in the transaction.

• ·Acquisition reference letter dated December 02, 2025; completion on March 03, 2026.
• ·Portfolio spans Bengaluru, Mumbai, Pune, NCR, Chennai; includes 4 operational hotels, 2 under development, 100 MW solar park.
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal).

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for an enterprise value of ₹852 Cr, acquiring the 0.3 msf Pinehurst premium Grade-A office building within Embassy Golf Links Business Park in Bengaluru. The asset is 100% leased to a leading global investment firm, providing long-term income visibility, and was purchased at a discount to the average of two independent valuations, making it accretive to Distribution per Unit (DPU) and Net Operating Income (NOI). This transaction consolidates Embassy REIT's ownership in one of Bengaluru’s premier office micro-markets with no reported declines or flat metrics.

• ·Acquisition reference letter dated December 02, 2025; completion intimated March 03, 2026.
• ·PwC acted as financial and tax due diligence advisor; Trilegal on title diligence; S&R Associates as legal advisor.
• ·Portfolio spans Bengaluru, Mumbai, Pune, NCR, and Chennai; includes two hotels under development.

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for an enterprise value of ₹852 Cr, acquiring a 0.3 msf premium Grade-A office asset named ‘Pinehurst’ within the Embassy GolfLinks Business Park in Bengaluru. The transaction is DPU and NOI accretive, executed at a discount to the average of two independent valuations, with the asset 100% leased to a leading global investment firm for stable cash flows. This strengthens Embassy REIT’s leadership in Bengaluru’s prime office micro-market.

• ·Prior intimation letter dated December 02, 2025
• ·Acquisition completion date: March 03, 2026
• ·Asset located in Bengaluru’s Embassy GolfLinks Business Park
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal)

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited, owner of the 0.3 msf 'Pinehurst' premium Grade-A office building within Embassy Golf Links Business Park in Bengaluru, for an enterprise value of ₹852 Cr. The transaction was executed at a discount to independent valuations, is 100% leased to a global investment firm, and is accretive to DPU and NOI. This strengthens Embassy REIT's position in Bengaluru's prime office market with stable cash flows.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal advisor)
• ·Portfolio includes 14 premium office ecosystems across Bengaluru, Mumbai, Pune, NCR, Chennai; four operational business hotels, two under development

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited, owner of the 0.3 msf Pinehurst premium Grade-A office building within Embassy GolfLinks Business Park in Bengaluru, for an enterprise value of ₹852 Cr at a discount to independent valuations. The asset is 100% leased to a leading global investment firm, providing long-term income visibility, and the transaction is accretive to Distribution per Unit (DPU) and Net Operating Income (NOI). This strengthens Embassy REIT's leadership in Bengaluru's prime office market with no reported declines or flat metrics.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal)
• ·Portfolio includes 4 operational business hotels, 2 hotels under development, and a 100 MW solar park
• ·Embassy REIT recognized in Dow Jones Sustainability Indices in 2023 for ESG initiatives

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for an enterprise value of ₹852 Cr, acquiring the 0.3 msf Pinehurst Grade-A office building within Embassy Golf Links Business Park in Bengaluru. The 100% leased asset, occupied by a leading global investment firm, is DPU and NOI accretive and was purchased at a discount to independent valuations. This transaction consolidates Embassy REIT's ownership in a prime Bengaluru micro-market, enhancing portfolio quality and stable cash flows.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal)
• ·Portfolio includes 14 premium office ecosystems, 4 operational business hotels, 2 hotels under development, and 100 MW solar park

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited, owning the 0.3 msf 'Pinehurst' office building in Bengaluru's Embassy GolfLinks Business Park, for an enterprise value of ₹852 Cr at a discount to independent valuations. The transaction is DPU and NOI accretive, with the premium Grade-A asset 100% leased to a leading global investment firm, providing long-term income visibility. This strengthens Embassy REIT's position in Bengaluru's prime office market, with no reported declines or challenges.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal)
• ·Portfolio includes 4 operational business hotels, 2 hotels under development, and 100 MW solar park
• ·Embassy REIT recognized in Dow Jones Sustainability Indices in 2023

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for an enterprise value of ₹852 Cr, acquiring the 0.3 msf 'Pinehurst' premium Grade-A office asset within Embassy GolfLinks Business Park in Bengaluru, at a discount to independent valuations. The asset is 100% leased to a leading global investment firm, making the transaction accretive to Distribution per Unit (DPU) and Net Operating Income (NOI), with long-term income visibility. This strengthens Embassy REIT's position in Bengaluru's prime office market, consolidating ownership in a key micro-market.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal)

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for ₹852 Cr, acquiring the 0.3 msf premium Grade-A office asset 'Pinehurst' within Embassy GolfLinks Business Park in Bengaluru. The transaction is DPU and NOI accretive, executed at a discount to independent valuations, with the asset 100% leased to a leading global investment firm for stable cash flows. This third-party acquisition consolidates ownership in one of Bengaluru’s premier office micro-markets.

• ·Reference letter dated December 02, 2025
• ·Embassy REIT portfolio totals over 50 msf across 14 office ecosystems in Bengaluru, Mumbai, Pune, NCR, Chennai; home to ~280 corporations; includes 4 operational hotels, 2 under development, 100 MW solar park

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited, which owns the 0.3 msf 'Pinehurst' premium Grade-A office building within Embassy GolfLinks Business Park in Bengaluru, for an enterprise value of ₹852 Cr. The transaction was executed at a discount to the average of two independent valuations, is 100% leased to a leading global investment firm providing long-term income visibility, and is accretive to Distribution per Unit (DPU) and Net Operating Income (NOI). This acquisition strengthens Embassy REIT's leadership in Bengaluru’s prime office market without any reported declines or flat performance in related metrics.

• ·Acquisition reference letter dated December 02, 2025; completion intimated on March 03, 2026.
• ·PwC acted as financial and tax due diligence advisor; Trilegal on title diligence; S&R Associates as legal advisor.
• ·Embassy REIT portfolio includes 4 operational business hotels, 2 under development, and a 100 MW solar park.

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for an enterprise value of ₹852 Cr, acquiring the 0.3 msf Pinehurst premium Grade-A office building within Embassy Golf Links Business Park in Bengaluru. The asset is 100% leased to a leading global investment firm, providing long-term income visibility, and the transaction is accretive to DPU and NOI while executed at a discount to independent valuations. This third-party acquisition consolidates Embassy REIT's ownership in one of Bengaluru’s top office micro-markets.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal advisor)
• ·Embassy REIT portfolio includes 4 operational business hotels, 2 hotels under development

03-03-2026

Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited for an enterprise value of ₹852 Cr, acquiring the 0.3 msf Pinehurst Grade-A office building within Embassy Golf Links Business Park in Bengaluru. The asset is 100% leased to a leading global investment firm, providing long-term income visibility, and the transaction is accretive to DPU and NOI, executed at a discount to independent valuations. This third-party acquisition strengthens Embassy REIT's leadership in Bengaluru’s prime office micro-market.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal advisor)
• ·Portfolio includes 4 operational business hotels, 2 hotels under development across Bengaluru, Mumbai, Pune, NCR, Chennai

03-03-2026

Embassy Office Parks REIT has completed the acquisition of Eleanor Realty Holdings India Private Limited, owner of the 0.3 msf 'Pinehurst' premium Grade-A office building within Embassy Golf Links Business Park in Bengaluru, for an enterprise value of ₹852 Cr. The transaction was executed at a discount to independent valuations, is 100% leased to a leading global investment firm, and is accretive to Distribution per Unit (DPU) and Net Operating Income (NOI). This strengthens Embassy REIT's position in Bengaluru's prime office market with long-term income visibility.

• ·Acquisition reference letter dated December 02, 2025
• ·Advisors: PwC (financial and tax due diligence), Trilegal (title diligence), S&R Associates (legal)

03-03-2026

Biocon Limited acquired 11,53,44,285 Optionally Convertible Redeemable Non-Cumulative Preference Shares (OCRPS) of ₹10 each in wholly owned subsidiary Biocon Biosphere Limited (BBSL) for a total consideration of ₹115.34 Cr (₹20 Cr cash + ₹95.34 Cr loan settlement) and 20,00,00,000 OCRPS in Biocon Pharma Limited (BPL) for ₹200 Cr cash, both completed on March 03, 2026, to fund working capital and capex needs. BBSL's turnover ramped up from nil in FY23 to ₹0.6 Cr in FY24 (+∞%) and ₹13 Cr in FY25 (+2,067% YoY), while BPL grew steadily from ₹623.2 Cr in FY23 to ₹881.6 Cr in FY24 (+41.5% YoY) and ₹982.5 Cr in FY25 (+11.5% YoY). These transactions strengthen the subsidiaries' operations in pharmaceuticals without any reported declines.

• ·BBSL incorporated December 24, 2019 (CIN: U24304KA2019PLC130965)
• ·BPL incorporated October 31, 2014 (CIN: U24232KA2014PLC077036)
• ·Transactions at arm's length, exempted from related party approval under Regulation 23(5)

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029, following their initial one-year terms ending April 12, 2026. Mr. Ajai Kumar, aged 72, serves as Chairman of the Board, Audit, and Risk Management Committees, with last year's remuneration at ₹3.20 L; no remuneration details provided for Mr. Brajesh Kumar Singh. The re-appointments are recommended by the Nomination & Remuneration Committee to maintain board stability and independence.

• ·EGM to be held at 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Mr. Ajai Kumar's date of birth: June 26, 1953 (72 years); will attain 75 years on June 26, 2028, requiring special resolution under SEBI Reg 17(1A).
• ·Board meeting approving recommendations: January 28, 2026; Notice dated February 27, 2026.
• ·CIN: U45208OR2009PLC011389; Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve the re-appointment of Mr. Ajai Kumar and Mr. Brajesh Kumar Singh as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029, following their initial one-year terms ending April 12, 2026. Mr. Ajai Kumar, aged 72 and Chairman of the Board, Audit, and Risk Management Committees, received ₹3.20 L in remuneration for FY 2025-26 and attended 4 board meetings. No financial or performance declines noted; the proposals align with governance practices for board refreshment.

• ·EGM scheduled at 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Mr. Ajai Kumar's date of birth: June 26, 1953 (72 years); will attain 75 years on June 26, 2028, requiring special resolution under Regulation 17(1A).
• ·Initial appointments approved at 16th AGM on July 8, 2025; Board recommendation on January 28, 2026.
• ·Mr. Ajai Kumar holds nil shares and no relationships with other directors/KMP; multiple other directorships and committee roles listed.
• ·Proxy forms due 48 hours before EGM; notice dated February 27, 2026.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029, following their initial one-year terms ending April 12, 2026. Mr. Ajai Kumar, aged 72, serves as Chairman of the Board, Audit, and Risk Management Committees, with remuneration of ₹3.20L drawn in FY 2025-26. The re-appointments are recommended by the Nomination & Remuneration Committee and require special resolutions, including approval for Mr. Ajai Kumar continuing beyond age 75.

• ·CIN: U45208OR2009PLC011389
• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST
• ·Previous appointment date: April 13, 2025 at 16th AGM on July 8, 2025
• ·Board recommendation date: January 28, 2026
• ·Notice date: February 27, 2026
• ·Mr. Ajai Kumar's date of birth: June 26, 1953 (turns 75 on June 26, 2028)

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029, following their initial one-year terms ending April 12, 2026. Mr. Ajai Kumar, who will turn 75 during the term, serves as Chairman of the Board, Audit, and Risk Management Committees, with last year's remuneration at ₹3.20 L and attendance at 4 board meetings. The proposals were recommended by the Nomination & Remuneration Committee and approved by the Board on January 28, 2026.

• ·Mr. Ajai Kumar's date of birth: June 26, 1953 (72 years); will attain 75 years on June 26, 2028.
• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Company CIN: U45208OR2009PLC011389; Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 hrs IST in Mumbai, to approve special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for second terms of three years from April 13, 2026, to April 12, 2029, following their initial one-year terms from April 13, 2025. The re-appointments, recommended by the Nomination & Remuneration Committee and Board, aim to maintain board stability, independence, and expertise, with Mr. Ajai Kumar serving as Chairman of key committees. No financial or performance concerns are noted, supporting continued governance strength.

• ·Mr. Ajai Kumar: Date of Birth 26-06-1953 (72 years), Qualifications M.Sc (Physics), LLB, CAIIB, >40 years experience in public sector banking.
• ·EGM notice dated February 27, 2026; Board approval on January 28, 2026; Initial appointments approved at 16th AGM on July 8, 2025.
• ·Mr. Ajai Kumar to attain 75 years on June 26, 2028, requiring special resolution under SEBI LODR Regulation 17(1A).
• ·Remuneration proposed for re-appointed directors: Sitting fees for Board and Committee meetings.
• ·Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141; CIN: U45208OR2009PLC011389.

04-03-2026

IOT Utkal Energy Services Limited has disclosed a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 hrs IST in Mumbai, to approve special resolutions for re-appointing Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029. Both were initially appointed on April 13, 2025, for one year following the 16th AGM on July 8, 2025, with the board recommending approval based on their experience and contributions. Mr. Ajai Kumar, who will turn 75 during the term, drew ₹3.20 L remuneration in FY 2025-26 as Chairman of the Board, Audit, and Risk Management Committees.

• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076; proxy deadline: 48 hours before commencement.
• ·Mr. Ajai Kumar qualifications: M.Sc (Physics), LLB, CAIIB; over 40 years in public sector banking.
• ·CIN: U45208OR2009PLC011389; Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141.
• ·Board meeting for recommendation: January 28, 2026.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 AM IST in Mumbai, to approve special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029, following their initial one-year terms from April 13, 2025. The re-appointments are recommended by the Nomination & Remuneration Committee and Board, citing their experience and contributions, with Mr. Ajai Kumar serving as Chairman of key committees. No remuneration details provided beyond sitting fees; Mr. Ajai Kumar's prior FY 2025-26 remuneration was ₹3.20 L.

• ·CIN: U45208OR2009PLC011389
• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 (near DMart Store)
• ·Mr. Ajai Kumar DOB: 26-06-1953; will attain 75 years on 26 June 2028, requiring special resolution under Reg 17(1A)
• ·Initial appointments approved at 16th AGM on July 8, 2025; Board recommendation on January 28, 2026
• ·Notice issued February 27, 2026; disclosure letter March 3, 2026

04-03-2026

IOT Utkal Energy Services Limited has scheduled an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 hrs IST in Mumbai to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029, following their initial one-year appointments effective April 13, 2025. The Board and Nomination & Remuneration Committee recommend the re-appointments citing their experience, contributions, and independence, with Mr. Ajai Kumar serving as Chairman of the Board, Audit, and Risk Management Committees. No financial or performance declines are noted in the disclosure.

• ·Mr. Ajai Kumar: Date of Birth 26-06-1953 (72 years), Qualifications M.Sc (Physics), LLB, CAIIB, >40 years experience in public sector banking.
• ·Mr. Ajai Kumar will attain age 75 on 26 June 2028 during his proposed second term.
• ·EGM notice issued on February 27, 2026; Board meeting for recommendation on January 28, 2026.
• ·Proposed remuneration for re-appointed directors: Sitting fees for Board and Committee meetings.
• ·Initial appointments approved at 16th AGM on July 8, 2025.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029, following their initial one-year appointments in July 2025. Mr. Ajai Kumar, with over 40 years of banking experience and currently 72 years old, chairs the Board, Audit, and Risk Management Committees, and drew ₹3.20 L remuneration in FY 2025-26. No negative aspects or declines noted in the governance update.

• ·CIN: U45208OR2009PLC011389
• ·Mr. Ajai Kumar DOB: June 26, 1953 (72 years); will turn 75 on June 26, 2028
• ·Mr. Ajai Kumar qualifications: M.Sc (Physics), LLB, CAIIB
• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST
• ·Board recommendation dated January 28, 2026; Notice dated February 27, 2026

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on 25 March 2026 to approve special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from 13 April 2026 to 12 April 2029, following their initial 1-year terms ending 12 April 2026. Mr. Ajai Kumar, who earned ₹3.20 lakhs in FY 2025-26 remuneration, serves as Chairman of the Board, Audit, and Risk Management Committees and holds multiple external directorships. The disclosure complies with SEBI LODR Regulation 50(2), with the board meeting held on 28 January 2026 recommending the re-appointments.

• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Ajai Kumar DOB: 26-06-1953 (72 years), will attain 75 years on 26 June 2028 requiring special approval under SEBI LODR Reg 17(1A).
• ·Initial appointments approved at 16th AGM on 8 July 2025 for term w.e.f. 13 April 2025.
• ·Board recommendation meeting: 28 January 2026.
• ·Notice issuance date: 27 February 2026; Disclosure letter: 3 March 2026.

04-03-2026

IOT Utkal Energy Services Limited has scheduled an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 AM IST in Mumbai to approve special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for second terms of three years, from April 13, 2026, to April 12, 2029. Both were initially appointed for one-year terms effective April 13, 2025. Mr. Ajai Kumar, aged 72, will turn 75 during his proposed term on June 26, 2028, necessitating special shareholder approval under SEBI LODR.

• ·CIN: U45208OR2009PLC011389
• ·Initial appointments approved at 16th AGM on July 8, 2025
• ·Board re-appointment approval on January 28, 2026
• ·Mr. Ajai Kumar DOB: June 26, 1953 (72 years); qualifications: M.Sc (Physics), LLB, CAIIB; >40 years in public sector banking
• ·EGM proxy deadline: 48 hours before meeting commencement
• ·Notice issued February 27, 2026; disclosure letter dated March 3, 2026

04-03-2026

IOT Utkal Energy Services Limited has convened an Extraordinary General Meeting (EGM) on March 25, 2026, to seek shareholder approval via special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029. Mr. Ajai Kumar, currently 72 years old and Chairman of the Board, Audit, and Risk Management Committees, received ₹3.20 lakhs in remuneration for FY 2025-26. The re-appointments follow their initial one-year terms approved at the 16th AGM on July 8, 2025, with special approval sought for Mr. Ajai Kumar continuing past age 75.

• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Board recommendation meeting: January 28, 2026.
• ·Notice issuance date: February 27, 2026.
• ·Mr. Ajai Kumar DOB: June 26, 1953 (72 years); attains 75 on June 26, 2028.
• ·CIN: U45208OR2009PLC011389.
• ·Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve special resolutions for re-appointing Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029, following their initial 1-year terms ending April 12, 2026. Mr. Ajai Kumar, currently 72 years old and set to turn 75 during the term, drew ₹3.20 L in remuneration for FY 2025-26 and serves as Chairman of the Board, Audit, and Risk Management Committees. The re-appointments are recommended by the Nomination & Remuneration Committee and subject to shareholder approval via special resolution.

• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Mr. Ajai Kumar's first appointment: April 13, 2025, approved at 16th AGM on July 8, 2025.
• ·Board recommendation meeting: January 28, 2026.
• ·Notice issuance date: February 27, 2026.
• ·Mr. Ajai Kumar's DOB: June 26, 1953; turns 75 on June 26, 2028.
• ·Mr. Ajai Kumar holds no shares in the company and is not related to other directors/KMP.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve special resolutions for the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029. Both were initially appointed on April 13, 2025, for one year following the 16th AGM on July 8, 2025. The re-appointments follow recommendations from the Nomination & Remuneration Committee and Board meeting on January 28, 2026, with Mr. Ajai Kumar noted for his role as Chairman of the Board, Audit, and Risk Management Committees.

• ·Mr. Ajai Kumar: Date of Birth 26-06-1953 (72 years), will attain 75 years on 26 June 2028 requiring special approval under Regulation 17(1A).
• ·Mr. Ajai Kumar attended 4 Board meetings; holds multiple chairmanships including Audit Committee at HFCL Limited, Adani Petronet (Dahej) Port Limited.
• ·No shareholding or relationships with other directors/KMP for Mr. Ajai Kumar.
• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Proxy deadline: 48 hours before EGM commencement.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029, following their initial 1-year terms ending April 12, 2026. Mr. Ajai Kumar, who received ₹3.20L in remuneration for FY 2025-26, serves as Chairman of key board committees and holds multiple external directorships; no concerns or declines in performance are noted. The re-appointments are recommended by the Nomination & Remuneration Committee and Board, subject to special resolutions, with Mr. Ajai Kumar attaining age 75 during the term.

• ·EGM to be held at 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Mr. Ajai Kumar's first appointment: April 13, 2025; DOB: June 26, 1953 (72 years); will turn 75 on June 26, 2028.
• ·Board recommendation meeting: January 28, 2026; Notice dated February 27, 2026.
• ·Proxy deadline: 48 hours before EGM commencement.

04-03-2026

IOT Utkal Energy Services Limited has scheduled an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 hrs IST in Mumbai to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029, following their initial one-year terms ending April 12, 2026. Mr. Ajai Kumar, Chairman of the Board, Audit, and Risk Management Committees, brings over 40 years of banking experience and received ₹3.20 L remuneration in FY 2025-26 while attending 4 board meetings. The re-appointments, recommended by the Nomination & Remuneration Committee, require special resolutions, including approval for Mr. Ajai Kumar continuing past age 75.

• ·Mr. Ajai Kumar DOB: 26-06-1953; Qualifications: M. Sc (Physics), LLB, CAIIB
• ·Mr. Ajai Kumar shareholding in company: Nil; No relationship with other directors/KMP
• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 (near DMart Store)
• ·Company CIN: U45208OR2009PLC011389; Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141
• ·Board meeting for recommendation: January 28, 2026; Notice issued: February 27, 2026

04-03-2026

IOT Utkal Energy Services Limited has scheduled an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 hrs IST in Mumbai to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years from April 13, 2026, to April 12, 2029, following their initial one-year terms ending April 12, 2026. The re-appointments, recommended by the Nomination & Remuneration Committee, aim to maintain board stability and independence, with Mr. Ajai Kumar serving as Chairman of key committees. No financial or performance declines noted in the filing.

• ·EGM notice dated February 27, 2026; Board approval on January 28, 2026.
• ·Mr. Ajai Kumar's qualifications: M. Sc (Physics), LLB, CAIIB; over 40 years in public sector banking.
• ·Mr. Ajai Kumar will attain age 75 on June 26, 2028, requiring special resolution under SEBI Reg 17(1A).
• ·No shareholding or relationships with other directors/KMP for Mr. Ajai Kumar.

04-03-2026

IOT Utkal Energy Services Limited has scheduled an Extraordinary General Meeting (EGM) on 25 March 2026 to approve the re-appointment of Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of three years, from 13 April 2026 to 12 April 2029, following their initial one-year terms ending 12 April 2026. Mr. Ajai Kumar, aged 72, serves as Chairman of the Board, Audit, and Risk Management Committees and received ₹3.20 L in remuneration for FY 2025-26. The re-appointments are recommended by the Nomination & Remuneration Committee and approved by the Board on 28 January 2026, with special approval needed as Mr. Ajai Kumar will turn 75 during the term.

• ·EGM venue: 103, Spectra, 1st Floor, Hiranandani Gardens, Powai, Mumbai 400076 at 1100 hrs IST.
• ·Ajai Kumar Date of Birth: 26-06-1953 (72 years); will attain 75 years on 26 June 2028.
• ·Ajai Kumar first appointed: 13 April 2025 at 16th AGM on 8 July 2025.
• ·Notice issued: 27 February 2026; Disclosure letter: 3 March 2026.
• ·Ajai Kumar shareholding in company: Nil; No relationships with other directors/KMP.
• ·Ajai Kumar attended 4 Board meetings.

04-03-2026

IOT Utkal Energy Services Limited has issued a notice for an Extraordinary General Meeting (EGM) on March 25, 2026, at 11:00 hrs IST in Mumbai, to approve special resolutions for re-appointing Mr. Ajai Kumar (DIN: 02446976) and Mr. Brajesh Kumar Singh (DIN: 10714926) as Non-executive Independent Directors for a second term of 3 years from April 13, 2026, to April 12, 2029. Both were initially appointed for one year from April 13, 2025, following the 16th AGM on July 8, 2025. The disclosure complies with SEBI LODR Regulation 50(2), with Mr. Ajai Kumar (age 72) requiring additional approval as he will turn 75 on June 26, 2028.

• ·CIN: U45208OR2009PLC011389
• ·Registered Office: Plot No. 188/183, Zero Point, Udayabata, Paradeep, Jagatsinghpur, Odisha 754141, India
• ·Corporate Office: 103, 1st Floor, Spectra, Hiranandani Gardens, Powai, Mumbai - 400076
• ·EGM proxies must be deposited 48 hours before commencement
• ·Mr. Ajai Kumar's qualifications: M.Sc (Physics), LLB, CAIIB; over 40 years in public sector banking
• ·Mr. Ajai Kumar attended 4 Board meetings; holds no shares in the company
• ·Board recommendation meeting: January 28, 2026; Notice dated February 27, 2026

04-03-2026

Fino Payments Bank Limited issued a clarification on March 4, 2026, denying media speculations amid a sub-judice matter involving Director General of GST Intelligence investigation. The Bank affirmed RBI's 18-month timeline for conversion to Small Finance Bank, expecting completion ahead of schedule, and denied associations with shell companies, bypassing KYC norms, onboarding foreign merchants, issuing fake invoices, or foreseeing any financial liability. Operations remain unaffected with full compliance emphasized.

• ·Previous disclosures dated February 27, 2026, February 28, 2026, and March 2, 2026
• ·No actions on Bank officials except as disclosed on February 27, 2026
• ·Matter limited to Director General of GST Intelligence investigation
• ·CIN: L65100MH2007PLC171959

04-03-2026

Grand Foundry Ltd (513343) has had a Public Announcement submitted to BSE by D & A Financial Services (P) Ltd., the Manager to the Offer, under Regulations 3(1) and 4, read with Regulation 15(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations. This filing signals the initiation of an open offer process, likely triggered by a substantial acquisition, but no details on deal structure, valuation, parties beyond the manager, or financial terms are disclosed. No quantitative metrics, comparisons, or further context are provided in the filing.