India Pre-Market Regulatory Roundup — March 20, 2026

19-03-2026

G R Infraprojects Limited discloses a proposed inter-se transfer of 88,47,393 equity shares (9.15% of share capital) by way of gift among promoter group immediate relatives, scheduled on or after March 27, 2026, as part of family shareholding realignment. The transfer is exempt under Regulation 10(1)(a) of SEBI SAST Regulations, with no change in aggregate promoter/promoter group shareholding or voting rights. No impact on public shareholders' interests, following prior similar transfers in FY 2025-26.

• ·Previous inter-se transfers in FY 2025-26: intimations dated September 22, 2025, March 18, 2026, and October 1, 2025 (for Sep 29, 2025 transaction)
• ·Transfer price: Nil (by way of gift)
• ·Exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations

19-03-2026

Adani Enterprises Limited has intimated exchanges about a Management Committee of Board meeting scheduled for March 24, 2026, to consider early redemption of unlisted, secured, unrated NCDs totaling ₹1,950 Cr. This includes 1,25,000 NCDs of ₹1,250 Cr (ISIN INE423A07294, issued July 11, 2023) and 70,000 NCDs of ₹700 Cr (ISIN INE423A07302, issued October 11, 2023), each with face value of ₹1,00,000, issued on private placement basis subject to approvals.

• ·Scrip Codes: 512599 (BSE), ADANIENT (NSE)
• ·Issued on private placement basis; unlisted, secured, unrated, redeemable NCDs
• ·Intimation under Regulation 29(1)(h) of SEBI Listing Regulations
• ·CIN: L51100GJ1993PLC019067

19-03-2026

IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises India Limited, has approved a Rights Issue of equity shares aggregating to ₹328.12 Cr to support its strategic initiatives. This intimation is made pursuant to Regulation 30 of SEBI LODR Regulations. No specific details on pricing, number of shares, or timeline were disclosed in the filing.

• ·ISIN: INE371P01015
• ·BSE Scrip Code: 540902
• ·NSE Symbol: AMBER
• ·Disclosure in line with SEBI Master Circular dated 30 January 2026

19-03-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Bon Lon Pvt Ltd pertaining to Padam Cotton Yarns Ltd (531395). No quantitative details such as share acquisition percentage, transaction value, or stake changes were disclosed in the filing. This is an informational SAST disclosure indicating a potential substantial acquisition.

19-03-2026

Astron Paper & Board Mill Limited held its 1st Extraordinary General Meeting (EGM) on March 19, 2026, via VC/OAVM, chaired by Managing Director Mr. Kiritbhai Ghanshyambhai Patel, with 35 shareholders attending out of 21,855 total as of the March 12 cut-off date. The meeting transacted two items: appointment of statutory auditors to fill a casual vacancy (ordinary resolution) and regularization of Ms. Jankiben Patel as an Independent Director (special resolution), with voting outcomes pending the scrutinizer's report from Pinakin Shah & Co. No other material developments or financial impacts were reported.

• ·EGM notice dated February 23, 2026; commenced at 02:00 PM and concluded at 03:05 PM
• ·Cut-off date for e-voting: March 12, 2026
• ·Scrutinizer: Pinakin Shah & Co.

19-03-2026

Manju Mundhra and Naresh Kumar Mundhra, acting in concert (not promoters), disclosed the sale of 40,56,237 equity shares (0.64% of total share capital) in Growington Ventures India Limited between February 17, 2026, and March 18, 2026, via open market transactions. This reduced their combined holding from 3,22,47,779 shares (5.02%) to 2,81,91,541 shares (4.39%). Manju Mundhra's stake fell from 0.58% to 0.40%, while Naresh Kumar Mundhra's declined from 4.44% to 3.99%.

• ·Scrip code on BSE: 539222
• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Transactions via open market from 17.02.2026 to 18.03.2026
• ·Acquirers do not belong to promoter/promoter group
• ·No encumbrances, warrants, or other instruments involved

19-03-2026

NCVI Enterprises Limited (part of the promoter/promoter group, along with PAC members Varinder Gupta, Varinder Gupta HUF, Mayadevi Polycot Limited, and NM Merchantiles Limited) acquired 7,00,000 equity shares (0.4% stake) of IOL Chemicals and Pharmaceuticals Limited on the open market on March 18, 2026. This increased the aggregate PAC holding from 57.10% to 57.34%. No declines or encumbrances were reported, with total equity share capital unchanged at ₹58.71 Cr (29,35,27,510 shares of ₹2 each).

• ·Shares listed on NSE (Security Symbol: IOLCP) and BSE (Security Code: 524164)
• ·Mode of acquisition: Open Market
• ·No shares carrying voting rights encumbered (pledge/lien/non-disposal undertaking)
• ·No warrants/convertible securities involved
• ·Disclosure filed on March 19, 2026 under SEBI Regulation 29(2)

19-03-2026

Pratima Sandhir, Whole Time Director and Promoter Group member of Vibhor Steel Tubes Limited, acquired 1,306 equity shares (0.01% of total paid-up capital) via open market transaction on March 18, 2026, at ₹109.2264 per share, increasing her holding from 364,010 shares (1.92%) to 365,316 shares (1.93%). This disclosure complies with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 under Regulations 29(1) and 29(2). No encumbrances or other changes reported.

• ·Total diluted share/voting capital post-acquisition: ₹18.96 Cr (1,89,62,443 shares).
• ·No shares in encumbrance (pledge/lien/non-disposal) before or after.
• ·Acquisition mode: Open market on NSE.
• ·Filing submitted to BSE (Scrip Code: 544124) and NSE (Symbol: VSTL) on March 19, 2026.

19-03-2026

Solitaire Machine Tools Ltd (BSE: 522152) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Ashok Jivarajbhai Sheth, indicating a substantial acquisition or change in shareholding. No details on transaction value, share count, percentage stake, or deal structure are disclosed in the filing. This is an informational SAST disclosure with no financial metrics or further context provided.

19-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Shekhar Family Trust pertaining to Chambal Fertilisers & Chemicals Ltd (500085). This filing indicates a change in shareholding crossing specified thresholds through acquisition or disposal. No quantitative details such as transaction value, share count, percentage stake, or direction (acquisition/disposal) were disclosed.

19-03-2026

Insolation Energy Limited disclosed newspaper advertisements confirming the dispatch of Postal Ballot Notice to shareholders on March 18, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The notice, dated February 12, 2026, relates to a resolution to be passed via remote e-voting, with a cut-off date of March 13, 2026, and voting period commencing at 09:00 AM IST on March 19, 2026. A special window for transfer and dematerialization of physical securities has been announced exclusively for this postal ballot process.

• ·Scrutinizer appointed: M/s. Pincha & Co., Jaipur.
• ·Postal Ballot Notice available on company website (www.insolationenergy.in), BSE (www.bseindia.com), and NSE (www.nseindia.com).
• ·Shareholders holding physical shares urged to update email with RTA (Bigshare Services Pvt Ltd) and dematerialize securities.
• ·Voting ends at 05:00 PM IST on a date not fully specified in the scanned content (beyond March 19 start).

19-03-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from SBI Mutual Fund for Urban Company Ltd (544515) on March 19, 2026. This filing indicates a substantial acquisition of shares by the mutual fund. No quantitative details such as transaction value, share count, percentage stake, or financial impact are disclosed.

19-03-2026

Promoter Anand Kumar Kedia acquired 4,50,000 equity shares (2.24% stake) in Associated Alcohols & Breweries Ltd. via preferential allotment on March 12, 2026, increasing his total holding from 11,77,400 shares (6.20%) to 16,27,400 shares (8.10%). The company's equity share capital expanded from 1,89,79,200 shares to 2,00,79,200 shares of face value Rs. 10 each as a result.

• ·Disclosure filed on March 16, 2026 under SEBI Regulation 29(2)
• ·Mode of acquisition: Preferential Allotment
• ·BSE Scrip Code: 507526; NSE Symbol: ASALCBR
• ·No encumbrances, warrants, or other instruments held

19-03-2026

State Bank of India disclosed that its subsidiary SBI Funds Management Limited filed a draft red herring prospectus on March 19, 2026, with SEBI for an IPO of up to 203,709,239 equity shares (10.0013% of paid-up equity share capital). SBI will offer for sale up to 128,334,397 shares (6.3007% stake), while Amundi India Holding will sell up to 75,374,842 shares (3.7006% stake); the IPO is subject to regulatory approvals and market conditions. The number of shares offered by SBI was revised upward from 32,060,000 (as of November 6, 2025) due to bonus shares and ESOP exercises, but the stake percentage remains unchanged at 6.3007%.

• ·BSE Scrip Code: 500112; NSE Scrip Code: SBIN
• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
• ·Prior disclosure reference: CC/S&B/AND/2025-26/584 dated November 6, 2025
• ·SEBI Master Circular reference: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

19-03-2026

ICICI Lombard General Insurance Company Limited disclosed the acquisition of HDFC Bank Limited shares worth ₹0.39 billion on March 19, 2026, resulting in a cumulative holding of 0.05%, made in the ordinary course of its investment function and not a related party transaction. HDFC Bank, India's largest private sector bank with a market cap of ₹12.31 trillion, reported strong turnover growth from ₹2,046.66 billion in FY 2022-23 to ₹4,709.16 billion in FY 2024-25. No regulatory approvals were required, and the investment was executed at arm's length.

• ·HDFC Bank incorporated on August 30, 1994
• ·No governmental or regulatory approvals required for the acquisition
• ·Investment made in multiple tranches over time

19-03-2026

Infosys Limited has completed the incorporation of a step-down wholly-owned subsidiary, Infosys Enterprise Business Services Pty. Ltd., in Australia on March 19, 2026, following an intimation on March 18, 2026. The new entity operates in the Information Technology and IT-enabled Services industry with a share capital of AUD 10, fully owned through Infosys Singapore Pte. Ltd. No financial impact or consideration is involved as this is a greenfield incorporation.

• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
• ·No related party transactions, governmental approvals, or acquisition consideration involved
• ·Turnover: Not applicable (newly incorporated entity)

19-03-2026

The National Company Law Tribunal (NCLT), Ahmedabad Bench, sanctioned the Scheme of Amalgamation between Global CNC Private Limited, a wholly owned subsidiary of Windsor Machines Limited (Transferee Company), and Windsor Machines Limited on March 19, 2026. The NCLT order has been uploaded on the NCLT website, with the certified copy awaited. The scheme will become effective upon filing the certified copy with the Registrar of Companies.

19-03-2026

Delhivery Limited's Board approved the appointment of Ms. Neelam Dhawan (DIN: 00871445) as an Additional Non-Executive Independent Director effective March 20, 2026, for a five-year term ending March 19, 2031, subject to shareholder approval; she will also assume the role of Chairperson effective April 1, 2026. Ms. Dhawan, an Economics graduate from St. Stephen’s College and MBA from FMS Delhi, has prior leadership roles at Hewlett-Packard Enterprise India, HP India Sales, and Microsoft India, and currently serves as Independent Director on boards including Hindustan Unilever Limited and Tech Mahindra Limited. The company affirmed she is not debarred from directorship by SEBI or other authorities.

• ·Ms. Dhawan was on NASSCOM Executive Council from 2009 to 2017.
• ·No relationship with any existing directors of Delhivery Limited.
• ·Disclosure hosted on www.delhivery.com.

19-03-2026

Embassy Developments Limited updated on NCLAT proceedings on March 19, 2026, where the respondent's adjournment request was granted, with the next hearing scheduled for April 10, 2026, and no further adjournments permitted. The NCLT order admitting Corporate Insolvency Resolution Process (CIRP) remains stayed and inoperative. The company states it continues to be fully operational and financially sound, despite the ongoing appeal.

• ·Previous intimation dated March 14, 2026.
• ·Scrip Code: 532832; Symbol: EMBDL.

19-03-2026

Bluspring New Horizon One Private Limited (BNHOPL), a wholly owned subsidiary of Bluspring Enterprises Limited, executed a Share Purchase Agreement on March 19, 2026, with STEAG Energy GmbH and STEAG Energy Services (India) Private Limited (SESI) to acquire 100% of SESI's share capital for ₹180 Cr. SESI, a power/energy services provider, reported FY25 turnover of ₹481 Cr (up 13% YoY from ₹425 Cr in FY24, which grew 4% from ₹409 Cr in FY23), PAT of ₹27 Cr, and net worth of ₹201 Cr. The acquisition is expected to be EPS accretive, enhance power services capabilities, and enable international expansion, subject to Botswana regulatory approval and completion within 120 days.

• ·SESI founded January 29, 2001, with presence in India, Botswana, Dubai, Bangladesh, and contracts in Middle East, Asia, Africa.
• ·Acquisition subject to approval from Competition and Consumer Authority of Botswana.
• ·Not a related party transaction; no promoter interest.

19-03-2026

POWERGRID's Board approved the merger/amalgamation of 28 wholly owned subsidiaries into 2 other WOS on March 19, 2026, superseding the prior approval on December 20, 2025 for 11 WOS into 2 WOS. The restructuring aims to consolidate operations, enhance management efficiencies, simplify administration, and create larger unified entities. The schemes are subject to necessary regulatory and governmental approvals, with further updates to follow.

• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
• ·CIN: L40101DL1989GOI038121.
• ·Scrip details: NSE-SCRIP ID: POWERGRID; BSE Scrip Code: 532898; EQ – ISIN: INE752E01010.