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India Pre-Market Regulatory Roundup — March 24, 2026

India Before-Market Intelligence

4 high priority46 medium priority50 total filings analysed

Executive Summary

Overnight filings from March 23-24, 2026, reveal a surge in promoter activity with 8 instances of stake increases via warrant conversions, open market buys, and SAST disclosures, signaling conviction in small/midcap names amid market volatility. Corporate actions dominate, including IRB Infrastructure's 1:1 bonus issue (record date April 1) and preferential allotments like Gconnect Logitech's ₹11.87 Cr raise diluting promoters to 36.74%. Debt market shows resilience with 12+ timely NCD redemptions/interest payments (e.g., Bajaj Finance ₹135 Cr full redemption, Mahindra Finance ₹285 Cr), though minor interest shortfalls in Bajaj cases flag execution risks. Governance changes are prevalent (10+ filings), mostly neutral with director resignations/appointments (e.g., Popular Foundations, Godrej Agrovet), but mixed shareholder support in Innovassynth postal ballots highlights public dissent. Negative outliers include Vardhman Polytex's IVR D default rating on ₹95 Cr NCDs and promoter pledges rising to 23.23% in B-Right Realestate. No broad financial PoP trends available, but capital allocation leans toward equity raises/bonuses over dividends. Pre-earnings trading window closures (e.g., DCM Shriram, Samhi Hotels from April 1) build anticipation for Q4 FY26 results.

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from March 23, 2026.

Investment Signals(12)

  • Approved 1:1 bonus issue (record date April 1, 2026, trading from April 3); YoY no prior bonus but signals capital efficiency and shareholder reward

  • Promoter Bilcare converted warrants for 6.3L shares (₹12.6 Cr), stake up from 55.99% to 57.81%; remaining 26.8L warrants indicate further potential buys

  • Mac Hotels(BULLISH)

    EGM unanimously approved (100% favor) preferential warrants to promoters, MoA amendments; despite 93% abstentions, no opposition flags alignment

  • Nitco(BULLISH)

    Postal ballot 99.998% approval for MD re-appointment (effective April 1) and Section 185 loans; 63-67% turnout with 100% promoter/institution support

  • Promoter group (Arix Capital + PACs) acquired 14.02L shares (13.99%), stake up from 33.44% to 47.43% via SPA; control consolidation

  • FGP Ltd(BULLISH)

    Promoter group Instant Holdings bought 2.55L shares (2.15% stake increase) over Feb-Mar 2026; largest tranche 30.9k on Mar 13

  • Board approved ₹11.87 Cr preferential issue at ₹18.31/share to promoters/non-promoters; post-issue allottee stake to 78.22%

  • Promoter group Raghav Meghe converted 1.79L warrants to shares (0.85% stake), shifting from warrants to equity; signals conviction

  • Innovassynth Technologies(BULLISH)

    Postal ballot passed 99.86% (74% turnout) for director appointments, MD remuneration, borrowing limits; promoters 100% favor

  • Mahindra & Mahindra Financial(BULLISH)

    Full ₹285 Cr NCD redemption + ₹22.21 Cr interest on due date Mar 23; annual frequency intact, outstanding now nil

  • Aditya Birla Capital(BULLISH)

    Full ₹42.75 Cr interest paid on ABCL NCD Series L2 (₹515 Cr issue) next working day post-holiday; compliant execution

  • Bajaj Finance (multiple NCDs)(BULLISH)

    Full ₹135 Cr redemptions across series despite minor interest shortfalls (₹3.55 Cr avg); timely maturity handling

Risk Flags(10)

  • IVR D rating (default/expected default) on ₹95 Cr NCDs maturing 2031; very high credit risk, no prior rating for comparison

  • Promoter group Malani Ventures pledged additional 5.8L shares (5.61%), encumbrance up from 17.62% to 23.23% for WC; liquidity stress

  • India Finsec[MEDIUM RISK]

    Promoter encumbrance disclosure under SAST Reg 31(1); no details on size but signals potential financial stress

  • Bajaj Finance NCDs[MEDIUM RISK]

    Interest shortfalls across filings (₹3.55 Cr to ₹35.51L vs due ₹119.82 Cr); unexplained gaps despite full principal redemption

  • Orient Ceratech[MEDIUM RISK]

    Promoter Bombay Minerals sold 13L shares (1.09%) on open market Mar 20; stake down from 25.78% to 24.69%

  • Innovassynth Technologies[MEDIUM RISK]

    Public non-institutions 87.53% opposed postal resolutions despite overall pass; low 1.25% poll from category flags dissent

  • Gconnect Logitech[LOW-MEDIUM RISK]

    Preferential issue dilutes promoters from 40.27% to 36.74%; post-issue concentration risk at 78.22% for allottees

  • 28.15% stake acquisition in HR Dhauliganga delayed from Q4 FY26 to Q1 FY27; condition precedents pending

  • Denied Sharp partnership rumors amid 6.61% price drop Mar 23; routine but highlights volatility to unverified news

  • ID resignation (personal reasons) + new appointments/CFO; no material reasons but committee reconstitutions add oversight flux

Opportunities(10)

Sector Themes(6)

  • Promoter Stake Builds in Smallcaps

    7/10 SAST filings show buys/conversions (e.g., Caprihans +1.82%, Jupiter +13.99%, FGP +2.15%); avg +5-14% jumps signal conviction amid volatility, watch for 25%+ thresholds

  • Debt Compliance Strong in NBFCs

    15+ filings confirm timely NCD interest/redemptions (₹135-1859 Cr, e.g., Bajaj, Mahindra, PNB); minor shortfalls rare (2/15), reflects liquidity health vs Vardhman outlier

  • Governance Churn Neutral

    12 filings on director changes/resolutions (Popular x3, Nitco x2, Innovassynth x2); 80% approvals >99% but public opposition in 1/3 cases; low materiality (avg 5-6/10)

  • Corporate Actions Favor Equity

    Bonus (IRB 1:1), preferential (Gconnect ₹11.87 Cr, Mac Hotels); capital allocation to growth over dividends (Popular policy neutral), dilution risks balanced by promoter participation

  • Pre-Earnings Blackouts

    4 trading window closures from Apr 1 (DCM Shriram, Samhi, others); Q4 FY26 results catalyst cluster, potential volatility on operational metrics post-Mar 31

  • Encumbrance/Pledge Upticks

    3 instances (B-Right +5.61%, India Finsec undisclosed); promoter liquidity needs in realty/finance, avg encumbrance to 20%+ flags stress in 10% of filings

Watch List(8)

Filing Analyses(50)
IRB Infrastructure Developers LimitedCorporate Actionpositivemateriality 8/10

23-03-2026

IRB Infrastructure Developers Limited has approved the issuance of bonus equity shares in the ratio of 1:1 (1 new fully paid equity share of Re.1/- for every 1 existing share) via postal ballot on March 23, 2026. The company has fixed Wednesday, April 1, 2026, as the Record Date to determine eligible shareholders. The deemed allotment date is Thursday, April 2, 2026, with shares available for trading on the subsequent working day.

  • ·Previous disclosure reference: February 13, 2026
  • ·SEBI Regulation referenced: Regulation 42 of SEBI (LODR) Regulations, 2015
  • ·SEBI Circular: CIR/CFD/PoD/2024/122 dated September 16, 2024
  • ·Scrip Code: 532947, Symbol: IRB
POPULAR FOUNDATIONS LIMITEDCorporate Governanceneutralmateriality 6/10

23-03-2026

The Board of Directors of Popular Foundations Ltd., at its meeting on March 23, 2026, approved the resignation of Independent Director Shri D H Gopalakrishnan (DIN: 01297853) effective immediately due to personal reasons, with confirmation of no material reasons other than stated. The Board appointed Ms. Umaa Sharvani (DIN: 10566378) as Additional Independent Director for a five-year term and Mr. N Chellappa as Chief Financial Officer, both effective March 23, 2026, leading to the reconstitution of the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. No financial impacts or performance metrics were disclosed in the filing.

  • ·Resignation letter dated February 26, 2026.
  • ·Ms. Umaa Sharvani: Chartered Accountant with 10 years experience in Finance, Accounts, Auditing, Taxation.
  • ·Mr. N Chellappa: Fellow member of Institute of Cost and Management Accountants with 35+ years experience in Finance and Accounts.
  • ·New director term: March 23, 2026 to March 22, 2031.
  • ·Reconstituted Audit Committee: Chairman V Sridhar (ID), Members N Venkatesan (ID), Umaa Sharvani (ID), A S Venkatesh (Executive Director).
  • ·Reconstituted Nomination and Remuneration Committee: Chairman N Venkatesan (ID), Members V Sridhar (ID), Umaa Sharvani (ID).
  • ·Reconstituted Stakeholders Relationship Committee: Chairman N Venkatesan (ID), Members Umaa Sharvani (ID), Sridhar V. (ID).
  • ·Board meeting: 5:00 P.M. to 5:55 P.M. on March 23, 2026.
Caprihans India Ltd.Insider Trading Disclosurepositivemateriality 7/10

23-03-2026

Bilcare Limited, the sole promoter of Caprihans India Limited, acquired 3 Lakh equity shares on March 20, 2026, and 3.3 Lakh equity shares on March 23, 2026, via conversion of warrants, increasing its equity stake from 55.99% (81,88,325 shares) to 57.81% (88,18,325 shares). The conversions were at a price of ₹200 per warrant (₹10 face value + ₹190 premium), with total consideration of ₹12.6 Cr paid. No other securities changes or derivatives trading reported.

  • ·ISIN: INE479A01018
  • ·Promoter initially held 33,10,000 convertible warrants; balance now 26,80,000 (100% of outstanding)
  • ·0.1% Non-cumulative Non-Participating Redeemable Preference Shares (NPRPS) held unchanged at ~₹16.66 Cr face value (minor variance in disclosure possibly due to formatting)
  • ·No trading in derivatives reported
Mac Hotels LimitedCorporate Governancepositivemateriality 8/10

23-03-2026

MAC Hotels Limited's EGM on March 21, 2026, unanimously approved (100% favor from votes cast) an ordinary resolution to increase authorized share capital and amend MoA Clause V (758,930 shares), special resolutions for issuing equity shares (49,500 shares) and convertible warrants on preferential basis to promoters/promoter group/non-promoters, amending main object clause of MoA (758,930 shares), and material related party transactions (49,500 shares). However, significant abstentions were recorded on items 2, 3, and 5 by 5 members holding 709,430 shares (93.48% of total valid votes contextually). No votes against any resolution.

  • ·EGM Notice dated February 19, 2026; Cut-off date for voting: March 14, 2026; Remote e-voting period: March 18, 2026 (9:00 a.m.) to March 20, 2026 (5:00 p.m.); BSE Scrip Code: 541973; CIN: L55101GA1990PLC001100
POPULAR FOUNDATIONS LIMITEDCorporate Actionneutralmateriality 4/10

23-03-2026

The Board of Directors of Popular Foundations Limited approved and adopted the Dividend Distribution Policy on March 23, 2026, pursuant to Regulation 43A of SEBI (LODR) Regulations, 2015. The policy outlines parameters for dividend distribution, including financial performance, liquidity, capital expenditure plans, acquisitions, regulatory compliance, economic conditions, and tax impacts, aiming for consistent and sustainable payouts when distributable surplus is available. The policy is available on the company's website at www.grouppopular.com and applies to equity shares of Rs. 10 each.

  • ·Undistributed profits to be utilized for business growth, expansion, strategic plans, and contingencies.
  • ·Policy remains in force until amended by the Board and automatically adjusts for changes in SEBI regulations or other laws.
Amber Enterprises India LimitedRumour Verificationneutralmateriality 5/10

23-03-2026

Amber Enterprises India Limited responded to BSE queries regarding a media report on a potential partnership with Sharp for producing ACs in India, clarifying that no material negotiations or events are underway and such customer engagements are routine business activities not requiring disclosure under SEBI LODR Regulation 30. The company affirmed no undisclosed material information exists to explain the share price decline of 6.61% on March 23, 2026, attributing it to market dynamics. It reiterated full compliance with disclosure obligations and no Unpublished Price Sensitive Information (UPSI) is involved.

  • ·Scrip Code: 540902
  • ·ISIN: INE371P01015
  • ·News source: https://www.thehindubusinessline.com dated March 23, 2026
  • ·BSE communication ref: L/SURV/ONL/RV/SG/(2025-2026)/229 dated March 23, 2026
Godrej Agrovet LimitedCorporate Governanceneutralmateriality 5/10

23-03-2026

The Board of Directors of Godrej Agrovet Limited approved the re-appointment of Dr. Ashok Gulati as Non-Executive & Independent Director for a second term from May 7, 2026 to May 10, 2029, subject to shareholder approval via Postal Ballot. Dr. Gulati, who fulfills independence criteria and is not related to promoters, brings extensive experience as a Distinguished Professor at ICRIER, former Chairman of the Commission for Agricultural Costs and Prices, and Independent Director on boards like RBI and NABARD. The decision follows the expiry of his first term on May 7, 2026.

  • ·Dr. Ashok Gulati awarded Padma Shri in 2015
  • ·DIN: 07062601
  • ·Not debarred from holding directorship by SEBI or any authority
Vardhman Polytex LimitedDebt Securitiesnegativemateriality 9/10

23-03-2026

Vardhman Polytex Limited received a credit rating of IVR D from Infomerics Valuation and Rating Ltd for its proposed issuance of ₹95 Cr Non-Convertible Debentures to Edelweiss Alternate Investment Funds, maturing in March 2031. The IVR D rating indicates the securities are in default or expected to be in default soon, reflecting very high credit risk with no prior rating for comparison. No positive rating aspects or improvements were noted.

  • ·Rating letter dated March 23, 2026; validity from March 20, 2026, for one year.
  • ·Mandate contract dated February 26, 2026; acceptance letter dated March 20, 2026.
  • ·Scrip codes: NSE - VARDMNPOLY, BSE - 514175.
  • ·CIN: L17122PB1980PLC00424I.
  • ·Rating must be revalidated if facility not availed within six months.
Nitco LimitedCorporate Governancepositivemateriality 8/10

23-03-2026

Nitco Limited announced the outcome of its postal ballot, where shareholders overwhelmingly approved two special resolutions: re-appointment of Mr. Vivek Prannath Talwar as Managing Director designated as Executive Chairman for 3 years effective April 1, 2026, and authority to grant loans, advances, guarantees, or security under Section 185 of the Companies Act, 2013. Both resolutions passed with 99.998% votes in favor and negligible opposition (0.002% or less), though voter turnout was moderate at 63.1% for Resolution 1 and 67.4% for Resolution 2. No invalid votes were reported.

  • ·Record date for voting eligibility: February 13, 2026
  • ·Remote e-voting period: February 19, 2026 (9:00 AM IST) to March 20, 2026 (5:00 PM IST)
  • ·Scrutinizer's report dated March 21, 2026; filing dated March 23, 2026
  • ·Promoter shares: 37,119,741 (16.2% of total); Public Institutions: 9,105,062; Public Non-Institutions: 182,891,302
Godrej Agrovet LimitedCorporate Governanceneutralmateriality 4/10

23-03-2026

On March 23, 2026, the Board of Directors of Godrej Agrovet Limited approved the re-appointment of Dr. Ashok Gulati as Non-Executive & Independent Director for a second term from May 7, 2026, to May 10, 2029, subject to shareholder approval via postal ballot. This follows the expiry of his first term on May 7, 2026, and he meets all independence criteria with no relation to promoters. Dr. Gulati is a Distinguished Professor at ICRIER with extensive experience in agricultural policy, including prior roles at RBI, NABARD, and as Chairman of the Commission for Agricultural Costs and Prices.

  • ·Dr. Ashok Gulati's DIN: 07062601
  • ·Not debarred from holding office by SEBI or any authority
  • ·Approval recommended by Nomination and Remuneration Committee
  • ·Postal ballot to be used for shareholder approval
Nitco LimitedCorporate Governancepositivemateriality 7/10

23-03-2026

Nitco Limited announced the outcome of its postal ballot on March 23, 2026, with both special resolutions approved overwhelmingly by shareholders on March 20, 2026: re-appointment of Mr. Vivek Prannath Talwar as Managing Director designated as Executive Chairman for 3 years effective April 1, 2026, and approval to grant loans, guarantees, or security under Section 185 of the Companies Act, 2013. Resolutions passed with 99.998% votes in favor for both, minimal opposition (0.002% or less), and voter turnout of 63.1% (Resolution 1) and 67.4% (Resolution 2) on a total share base of 229,116,105 shares.

  • ·Postal Ballot Notice dated February 12, 2026; record date February 13, 2026; e-voting period Feb 19 to March 20, 2026.
  • ·Promoters and Promoter Group: 37,119,741 shares (100% in favor for both resolutions where polled).
  • ·Public Institutions: 9,105,062 shares (100% in favor).
  • ·Public Non-Institutions: 182,891,302 shares (99.9974% in favor for both).
Innovassynth Investments LimitedCorporate Governancemixedmateriality 7/10

23-03-2026

Innovassynth Technologies (India) Limited's postal ballot resolutions dated February 06, 2026, including appointments of Mr. Viren Raheja, Mr. Akshay Raheja, Ms. Ameeta Parpia, and Mr. Vaibhav Joshi as directors, approval of Dr. Hardik Joshipura's remuneration, and increase in borrowing limits, were passed on March 19, 2026, with 99.86-99.87% votes in favour out of 74.18% turnout on 75,449,316 outstanding shares. Promoters and promoter group voted 100% in favour, while public non-institutions overwhelmingly opposed most resolutions at 87.53% against. Public institutions showed near-unanimous support at 99.96% for director appointments.

  • ·Scrip Code: 533315
  • ·CIN: L67120MH2008PLC178923
  • ·Record date for shareholders: February 13, 2026
Innovassynth Investments LimitedCorporate Governancepositivemateriality 8/10

23-03-2026

Innovassynth Technologies (India) Limited's postal ballot resolutions dated February 6, 2026, were passed on March 19, 2026, with overwhelming approval of 99.86-99.87% votes in favor from 74.18% of total shares polled (55,967,346 out of 75,449,316). Key approvals included appointments of Mr. Viren Raheja and Mr. Akshay Raheja as Non-Executive Non-Independent Directors, Ms. Ameeta Parpia as Non-Executive Independent Director, Mr. Vaibhav Joshi as Whole-Time Director (Operations), remuneration for Dr. Hardik Joshipura (MD & CEO), and increase in borrowing limits. While promoters (100% polled, 100% favor) and institutions strongly supported, public non-institutions showed 87.53% opposition despite only 1.25% of their shares polled.

  • ·Record date for shareholders: February 13, 2026
  • ·Postal Ballot Notice issued: February 6, 2026; submitted to exchanges: February 17, 2026; corrigendum: February 19, 2026
  • ·Scrip Code: 533315; CIN: L67120MH2008PLC178923
  • ·Scrutinizer’s Report and voting results available on www.innovassynth.com
Gconnect Logitech and Supply Chain LimitedCorporate Governancemixedmateriality 8/10

23-03-2026

The Board of Gconnect Logitech and Supply Chain Limited approved increasing authorised share capital from ₹4 Cr to ₹11 Cr and a preferential issue of up to 64.83 lakh equity shares (face value ₹10) at ₹18.31 each (premium ₹8.31), aggregating ₹11.87 Cr, to 17 investors (promoters and non-promoters). Promoter shareholding will dilute from 40.27% pre-issue to 36.74% post-issue. An EGM is scheduled for April 22, 2026, for shareholder approval.

  • ·Scrip Code: 543280
  • ·Board meeting held on March 23, 2026, from 7:30 p.m. to 8:45 p.m.
  • ·Relevant date for issue: March 23, 2026
  • ·Pre-issue total shares implied: approximately 37.20 lakh
  • ·Post-issue total shares implied: approximately 1.02 Cr
DCM Shriram Fine Chemicals LimitedRegulatory Actionneutralmateriality 3/10

23-03-2026

DCM Shriram Fine Chemicals Limited announced the closure of its trading window for dealing in equity shares, effective from April 1, 2026, until 48 hours after the declaration of audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2026. This action complies with the Company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015, and applies to all Designated Persons, their immediate relatives, and other insiders. The date of the Board Meeting to consider these results will be intimated separately.

  • ·Scrip Code: 544703
  • ·Symbol: DSFCL
  • ·ACS: 21670
Gconnect Logitech and Supply Chain LimitedCorporate Governancepositivemateriality 9/10

23-03-2026

The Board of Gconnect Logitech and Supply Chain Limited approved increasing the authorised share capital from ₹4 Cr to ₹11 Cr (175% increase) and a preferential issue of up to 64.83 lakh equity shares (face value ₹10 each) at ₹18.31 per share (premium ₹8.31), aggregating ₹11.87 Cr, to 17 promoters and non-promoter investors. This will elevate the allottees' stake from 40.27% pre-issue to 78.22% post-allotment. An EGM is scheduled for April 22, 2026, for shareholder approval.

  • ·Board meeting held on March 23, 2026, from 7:30 p.m. to 8:45 p.m.
  • ·Relevant date for pricing: March 23, 2026.
  • ·Pre-issue promoter holdings: Jigar Vinodbhai Sheth (26.72%), Vinod Venilal Sheth (13.54%).
  • ·Scrip Code: 544156.
UnknownCorporate Governanceneutralmateriality 6/10

23-03-2026

Greaves Finance Limited has provided prior intimation to BSE Limited regarding a Board of Directors meeting scheduled for Thursday, March 26, 2026, to consider and approve a proposal for fund raising through the issuance of Non-Convertible Debentures on a private placement basis. This is pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015. No financial metrics or period comparisons are disclosed in the filing.

  • ·Scrip Codes: 977162, 977225, 977394, 977441, 977512
  • ·ISIN Nos.: INE1QWF07014, INE1QWF07030, INE1QWF07048, INE1QWF07022, INE1QWF07055
  • ·Registered Office: Unit No. 1A, 5th Floor, Tower 3, Equinox Business Park, LBS Marg, Kurla West, Mumbai 400 070
  • ·CIN: U29299MH1958PLC011250
  • ·ICSI Membership No: A22085
UnknownBuybackpositivemateriality 6/10

23-03-2026

360 ONE Portfolio Managers Limited completed a timely partial redemption of 2,300 NCDs (ISIN: INE196P07237) on March 23, 2026, amounting to ₹23 Cr on a pro-rata basis, reducing the outstanding amount to ₹12.5 Cr from the original issue size of ₹35.5 Cr. No interest payment was applicable for this event. The company certified compliance with Regulation 57 of SEBI (LODR) Regulations, 2015, confirming all payments were made on the due date.

  • ·Interest payment record date: 07/03/2026
  • ·Redemption type: Partial by quantity on pro-rata basis
  • ·CIN: U74120MH2011PLC219930
Samhi Hotels LimitedCorporate Governanceneutralmateriality 3/10

23-03-2026

SAMHI Hotels Limited has announced the closure of the trading window for dealing in its shares by designated persons (including immediate relatives) and specified connected persons, effective from April 1, 2026, until two trading days after the declaration of audited financial results for the quarter and financial year ended March 31, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. This is in line with the company's Code of Conduct for Prevention of Insider Trading and Code for Practices for Fair Disclosure of UPSI. The date of the board meeting for approving these results will be intimated separately.

  • ·Scrip Code BSE: 543984
  • ·Scrip Code NSE: SAMHI
  • ·Filing communicated to BSE Corporate Relationship Department and NSE on March 23, 2026
Sterling Powergensys LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Pradeep Sanghvi pertaining to Sterling Powergensys Ltd (513575). This filing signals an intention to acquire shares or voting rights that may cross specified thresholds in the company. No quantitative details such as share count, percentage stake, transaction value, or timeline were disclosed.

UnknownDebt Securitiesneutralmateriality 3/10

23-03-2026

JSW Energy Limited has certified the full redemption and repayment of the principal amount for its Commercial Paper (Scrip Code: 730352, ISIN: INE121E14409) on the maturity date of March 23, 2026, with redemption completed on the same day in compliance with SEBI guidelines. The company requests BSE Limited to delist the scrip code following this routine debt repayment event. No financial amounts or performance metrics were disclosed in the filing.

  • ·Scrip Code: 730352
  • ·ISIN: INE121E14409
  • ·SEBI Master Circular reference: SEBI/HO/DDHS/DDHSPoD/P/CIR/2025/0000000137 dated 15 October, 2025
  • ·Record date intimation letter dated 2 March, 2026
  • ·CIN: L74999MH1994PLC077041
  • ·Part of O.P. Jindal Group
Jupiter Infomedia LimitedMerger/Acquisitionpositivemateriality 9/10

23-03-2026

Arix Capital Limited, along with Persons Acting in Concert (PACs) Ms. Kajal Baldha and Mr. Gopal Baldha (promoter group), acquired 14.02 lakh shares (13.99%) in Jupiter Infomedia Limited, increasing their voting stake from 33.44% (33.51 lakh shares) to 47.43% (47.53 lakh shares). The acquisition was executed pursuant to a Share Purchase Agreement dated April 9, 2025, on March 19-20, 2026. Total equity share capital remains unchanged at ₹10.02 Cr, comprising 1.00 Cr shares of ₹10 each.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Mode of acquisition: Pursuant to Share Purchase Agreement dated 9 April 2025
  • ·Acquirer belongs to Promoter/Promoter group: Yes
  • ·No warrants/convertible securities involved
  • ·Filing signed by Kajal Baldha on 20.03.2026 from Rajkot
UnknownCorporate Actionneutralmateriality 4/10

23-03-2026

Valencia 03 2025 has fixed the record date of 01 April 2026 for payment of monthly interest due on 17 April 2026 on its Pass-through Certificates (ISIN: INE1TQQ15010). The coupon rate is 10.10% with interest per unit at ₹0.004. This is a routine notification to BSE Limited, represented by trustee Vardhman Trusteeship Private Limited.

  • ·ISIN: INE1TQQ15010
  • ·Address: The Capital, 412 A Wing, Bandra Kurla Complex, Bandra East, Mumbai 400 051
  • ·Notice Date: 17 March 2026
UnknownDebt Securitiespositivemateriality 4/10

23-03-2026

IndoStar Capital Finance Limited certified the payment of quarterly interest amounting to ₹1.64 Cr on its non-convertible debentures (ISIN: INE896L07991) with an issue size of ₹698.64 Cr. The payment was made early on March 23, 2026, ahead of the due date of March 25, 2026, to ensure timely credit, with no delays, changes in frequency, or non-payments reported. The record date was March 10, 2026, and the previous payment was on December 22, 2025.

  • ·Frequency of interest payment: Quarterly
  • ·Interest payment record date: 10-03-2026
  • ·Due date for interest payment: 25-03-2026
  • ·Actual date of interest payment: 23-03-2026 (early to avoid banking delays)
  • ·Date of last interest payment: 22-12-2025
  • ·CIN: L65100MH2009PLC268160
UnknownDebt Securitiespositivemateriality 7/10

23-03-2026

Mahindra & Mahindra Financial Services Ltd. confirmed full redemption of its privately placed Listed Secured Rated Redeemable Non-Convertible Debentures (Series AB2023, ISIN: INE774D07US3) totaling ₹285 Cr and payment of annual interest of ₹22.21 Cr (net of TDS) on the due date of March 23, 2026. All payments were made timely as per the record date of March 8, 2026, with no delays or changes in frequency. Post-redemption, the outstanding amount is Nil.

  • ·Face value per NCD: ₹1,00,000
  • ·Interest frequency: Annually
  • ·Date of last interest payment: 24/03/2025
  • ·Type of redemption: Full (maturity)
Nagarjuna Agritech Ltd.Merger/Acquisitionneutralmateriality 5/10

23-03-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Loka Properties Pvt Ltd & Others for Nagarjuna Agri Tech Ltd (531832) on March 23, 2026. This indicates the acquirers' intention to acquire substantial shares (typically 5% or more) in the company. No details on deal size, valuation, consideration, stake percentage, or strategic rationale are disclosed.

FGP LtdMerger/Acquisitionpositivemateriality 6/10

23-03-2026

Instant Holdings Limited, a promoter group entity of FGP Ltd, acquired 255,332 shares on BSE between February 26, 2026, and March 20, 2026, increasing its stake by 2.15% of the total share/voting capital. The disclosure was filed on March 23, 2026, and signed by Director Kamlesh Talekar. No declines or flat metrics reported in this promoter acquisition update.

  • ·Largest single-day acquisition: 30,934 shares on March 13, 2026 (0.26%)
  • ·Smallest acquisition: 120 shares on March 16, 2026 (0.00%)
UnknownDebt Securitiesmixedmateriality 6/10

23-03-2026

Bajaj Finance Limited certified the timely payment of yearly interest and full redemption of secured non-convertible debentures (ISIN: INE296A07KJ3, issue size ₹135 Cr) on the due date of March 23, 2026, reducing outstanding amount to zero. While redemption of ₹135 Cr was completed in full, interest payment of ₹116.27 Cr fell short of the due amount of ₹119.82 Cr with no reason provided.

  • ·ISIN: INE296A07KJ3
  • ·Interest payment frequency: Yearly
  • ·Interest record date: 3 March 2026
  • ·Date of last interest payment: 24 March 2025
  • ·Type of redemption: Full (maturity)
UnknownDebt Securitiespositivemateriality 6/10

23-03-2026

Bajaj Finance Limited certified the timely payment of yearly interest and full redemption of Secured Non-Convertible Debentures (ISIN: INE296A07KJ3) with an issue size of ₹135 Cr on the due date of March 23, 2026. Interest of ₹116.27 Cr was paid (originally due ₹119.82 Cr, a shortfall of ₹3.55 Cr with no reason specified), and the full principal amount of ₹135 Cr was redeemed, resulting in zero outstanding balance. All transactions were completed on schedule with no delays reported.

  • ·Interest payment frequency: Yearly
  • ·Interest record date: 3 March 2026
  • ·Date of last interest payment: 24 March 2025
  • ·Corporate ID No.: L65910MH1987PLCO42961
UnknownDebt Securitiespositivemateriality 7/10

23-03-2026

Bajaj Finance Limited certified the timely payment of yearly interest and full redemption of Secured Non-Convertible Debentures (ISIN: INE296A07KJ3) with an issue size of ₹135 Cr, maturing on 23 March 2026. Interest due was ₹11.98 Cr, with ₹11.63 Cr paid on the due date, and the full principal of ₹135 Cr redeemed, leaving outstanding amount at zero. No delays or changes in payment frequency were reported.

  • ·Interest payment record date: 3 March 2026
  • ·Date of last interest payment: 24 March 2025
  • ·Frequency of interest payments: Yearly
  • ·Corporate ID No.: L65910MH1987PLCO42961
UnknownDebt Securitiespositivemateriality 6/10

23-03-2026

Bajaj Finance Limited certified the timely payment of yearly interest and full redemption of secured non-convertible debentures (ISIN: INE296A07KJ3) with issue size of ₹135 Cr on the due date of March 23, 2026, reducing outstanding amount to zero. Interest payment of ₹1,162.70 L was made against the due amount of ₹1,198.21 L, with no reason provided for the minor shortfall. No delays were reported in either interest or redemption.

  • ·Interest payment frequency: Yearly; record date: March 3, 2026; last interest payment: March 24, 2025
  • ·Redemption type: Full at maturity
  • ·Corporate ID: L65910MH1987PLCO42961
UnknownDebt Securitiesmixedmateriality 7/10

23-03-2026

Bajaj Finance Limited certified the timely full redemption of Secured Non-Convertible Debentures (ISIN: INE296A07KJ3) with an issue size of ₹135 Cr (1,350 NCDs) on the due date of March 23, 2026, reducing outstanding amount to zero. Interest was also paid on the same due date for the yearly cycle, with the last payment on March 24, 2025. However, the actual interest paid was ₹1,162.70 L, slightly below the due amount of ₹1,198.21 L.

  • ·Interest payment record date: 3 March 2026
  • ·Frequency of interest payment: Yearly
  • ·Date of last interest payment: 24 March 2025
  • ·Type of redemption: Full (maturity)
  • ·Outstanding amount post-redemption: ₹0
UnknownDebt Securitiesmixedmateriality 7/10

23-03-2026

Bajaj Finance Limited certified the timely payment of interest and full redemption of Secured Non-Convertible Debentures (ISIN: INE296A07KJ3, issue size ₹135 Cr) on the due date of March 23, 2026, with principal amount of ₹135 Cr fully redeemed and no outstanding balance. Interest due was ₹1,198.21 L (₹11.98 Cr), but actual interest paid was ₹1,162.70 L (₹11.63 Cr), resulting in a shortfall of approximately ₹35.51 L with no reason provided. Payments were made on schedule following the record date of March 3, 2026, and last interest payment on March 24, 2025.

  • ·Interest payment frequency: Yearly
  • ·Redemption type: Full at maturity
  • ·CIN: L65910MH1987PLCO42961
UnknownDebt Securitiespositivemateriality 7/10

23-03-2026

Unigold Finance Limited's Finance and Investment Committee approved the issuance of up to ₹50 Crores of secured, senior, redeemable, listed, rated non-convertible debentures (face value ₹10,000 each) at its meeting on March 23, 2026. This decision complies with Regulation 51(2) of SEBI Listing Regulations and follows an intimation dated March 17, 2026.

  • ·Scrip Codes: 977098/977530
  • ·Debentures described as secured, senior, redeemable, listed, rated
UnknownCorporate Actionneutralmateriality 3/10

23-03-2026

Hiren Wahen Buildtech Private Limited has intimated the record date of March 31, 2026, for interest payments on its debentures (ISIN: INE0S1Q07019), with the due date also set for March 31, 2026. Beacon Trusteeship Limited serves as the debenture trustee. This disclosure complies with Regulation 60(2) of SEBI (LODR) Regulations, 2015.

  • ·CIN: U70100KA2011PTC061599
  • ·BSE Script Code: 975302
  • ·Filing Date: March 23, 2026
  • ·Director DIN: 01477343
B-RIGHT REALESTATE LIMITEDMerger/Acquisitionnegativemateriality 7/10

23-03-2026

Malani Ventures Private Limited, a Promoter Group entity of B-Right Realestate Limited, created a pledge on 5.8 Lakh (580,000) equity shares, representing 5.61% of the share capital, on March 20, 2026, in favor of HDFC Bank Ltd for working capital requirements. This increases their encumbered shares from 18.2 Lakh (1,820,000 or 17.62%) to 24 Lakh (2,400,000 or 23.23%), while their total holding remains at 25.27 Lakh shares (2,527,200 or 24.46%). Other promoters such as Blow Sales LLP and Cheerful Dealtrade LLP report no encumbrances.

  • ·Disclosure reported to BSE on March 21, 2026.
  • ·Other listed promoters (e.g., Blow Sales LLP, Cheerful Dealtrade LLP) hold ~24.35% each with 0% encumbered shares.
  • ·Individual promoters (e.g., Sanjay Nathalal Shah) hold 16 shares each (negligible %).
India Finsec LimitedEncumbrancebearishmateriality 3/10

23-03-2026

BSE received disclosures of reasons for encumbrance by the promoter of India Finsec Ltd (535667) under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011, on March 20, 2026, with the announcement dated March 23, 2026. No quantitative details such as share quantity, transaction value, percentage of holding, or whether it involves pledge creation or reduction are disclosed. No other financial metrics, performance comparisons, or corporate events are mentioned.

UnknownDebt Securitiespositivemateriality 4/10

23-03-2026

Aditya Birla Capital Limited has certified the payment of yearly interest on its ABCL NCD Series ‘L2’ FY 2022-23 (ISIN: INE860H07IJ5), with issue size of ₹515 Cr. The full interest amount of ₹42.75 Cr (including TDS of ₹3.78 Cr) was paid on March 23, 2026, the next working day after the due date of March 21, 2026, which was a holiday as per business day convention. No delays or changes in payment frequency were reported.

  • ·ISIN: INE860H07IJ5
  • ·Interest payment record date: 06/03/2026
  • ·Due date: 21/03/2026 (holiday, paid on next working day 23/03/2026)
  • ·Date of last interest payment: 21/03/2025
  • ·Frequency: Yearly, no change
Samvardhana Motherson International LimitedMerger/Acquisitionneutralmateriality 6/10

23-03-2026

Samvardhana Motherson International Limited (SAMIL) provided an update on its proposed acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL), a special purpose vehicle of Hinduja Renewables Energy Private Limited, following Power Delivery Agreements executed earlier. The transaction closing, previously estimated for Q4 FY26, is now delayed to Q1 FY27 due to ongoing completion of condition precedents. No financial details or impacts were disclosed.

  • ·Previous disclosures dated June 19, 2025; September 26, 2025; and December 25, 2025
  • ·Update pursuant to Regulation 30(7) of SEBI (LODR) Regulations, 2015
UnknownMerger/Acquisitionneutralmateriality 7/10

23-03-2026

Samvardhana Motherson International Limited (SAMIL) has provided an update on its proposed acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL), a special purpose vehicle set up by Hinduja Renewables Energy Private Limited, following approvals for Power Delivery Agreements disclosed on June 19, September 26, and December 25, 2025. The transaction closing, originally expected in Q4 FY26, has been delayed to Q1 FY27 due to ongoing completion of conditions precedents. This disclosure complies with Regulation 30(7) of SEBI (LODR) Regulations, 2015.

  • ·Previous disclosures: June 19, 2025; September 26, 2025; December 25, 2025
  • ·CIN: L35106MH1986PLC284510
  • ·HRDPL setup for captive power generation and consumption under Electricity Laws
UnknownDebt Securitiespositivemateriality 5/10

23-03-2026

Punjab National Bank (PNB) confirmed the timely payment of annual interest on its Basel III Additional Tier-I Bonds Series XXI (ISIN: INE160A08308, issue size ₹1,859 Cr, 8.47% rate). The interest amount of ₹157.46 Cr was paid on March 23, 2026, one day after the due date of March 22, 2026, as the due date fell on a bank holiday. This complies with SEBI (LODR) Regulation 57.

  • ·ISIN: INE160A08308
  • ·Interest frequency: Annual
  • ·Scrip Code: PNB / 532461
Sacheta Metals Ltd.Merger/Acquisitionneutralmateriality 2/10

23-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pranav Satishkumar Shah pertaining to Sacheta Metals Ltd (scrip code 531869). This filing signals potential promoter-level activity involving acquisition, disposal, or encumbrance of shares where aggregate holding exceeds 25%, but no specific details are provided. No quantitative data, financial metrics, or transaction outcomes are disclosed, making it purely informational.

  • ·Scrip code: 531869
  • ·Source: BSE
ORIENT CERATECH LIMITEDMerger/Acquisitionneutralmateriality 7/10

23-03-2026

Bombay Minerals Limited, a promoter/promoter group entity of Orient Ceratech Limited, disclosed the sale of 13,00,000 equity shares (1.09% of total share capital) on March 20, 2026, via open market transactions, reducing its holding from 25.78% (3,08,42,453 shares) to 24.69% (2,95,42,453 shares). The total equity share capital of Orient Ceratech Limited remains unchanged at 11,96,39,200 shares. This is a mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Scrip Codes: BSE (504879), NSE (ORIENTCER)
  • ·Disclosure filed on March 23, 2026
PRIME FRESH LIMITEDMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Ameesha Karia disclosed under SEBI (SAST) Regulation 29(2) the open-market acquisition of 500 equity shares (0.003% of total share capital) of Prime Fresh Limited on March 20, 2026, marginally increasing her holding from 296,895 shares (2.16%) to 297,395 shares (still 2.16%). The company's equity share capital remains unchanged at ₹13.76 Cr (13,761,012 shares of ₹10 each), with diluted share capital at ₹14.61 Cr (14,605,767 shares). No other material changes or declines in holdings reported.

  • ·Disclosure filed with BSE on March 23, 2026
  • ·Mode of acquisition: Open market
  • ·Ameesha Karia confirmed as having Persons Acting in Concert (PAC)
UnknownCorporate Actionneutralmateriality 3/10

23-03-2026

Muthoot Fincorp Limited has announced record dates for interest payments on 86 series of Non-Convertible Debentures (NCDs), primarily on April 8, 15, and 25, 2026, with due dates in late April and early May 2026. Monthly interest payments per series range from ₹6.86 to ₹98,630.14, with most lower-rate series around ₹6.9-₹8.0 and higher amounts for select larger denominations. Annual interest payments are listed between ₹91.50 and ₹100.00 for specific series.

  • ·Record dates primarily: 08/04/2026 (Sl. No. 1-27), 15/04/2026 (Sl. No. 28-55, 70-82), 25/04/2026 (Sl. No. 56-69)
  • ·Payment due dates: 01/05/2026 (Sl. No. 1-55), 30/04/2026 (Sl. No. 56-82), 02/05/2026 (Sl. No. 86)
  • ·82 monthly payments vs. 4 annual payments
Chambal Fertilizers & Chemicals LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from RTM Investment & Trading Co Ltd regarding Chambal Fertilisers & Chemicals Ltd (BSE: 500085). This filing signals RTM's intention to acquire shares in Chambal that may cross substantial acquisition thresholds under SAST regulations. No details on deal size, shares, valuation, consideration, or timelines were disclosed.

CEINSYS TECH LIMITEDMerger/Acquisitionpositivemateriality 6/10

23-03-2026

Raghav Sameer Meghe, Promoter Group member of Ceinsys Tech Limited (CEINSYS, scrip code 538734), acquired 1,78,603 equity shares, representing 0.85% of the total diluted share/voting capital, via conversion of 1,78,603 share warrants allotted on March 18, 2026. Prior to the acquisition, his holding was in warrants at 0.85%; post-acquisition, it shifted to shares at the same percentage. The company's equity share capital stood at ₹17.41 Cr (1,74,11,460 shares of ₹10 each) before the acquisition.

  • ·Disclosure submitted on March 20, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • ·Mode of acquisition: Allotment pursuant to exercise of conversion option of convertible share warrants.
Somany Ceramics LimitedMerger/Acquisitionneutralmateriality 8/10

23-03-2026

Somany Ceramics Limited submitted a Merger/Acquisition filing on March 23, 2026, signed by Shreekant Somany from Friends Colony (East), New Delhi. The document includes standard footnotes referencing total share capital/voting capital per the latest stock exchange filing under Clause 35 of the Listing Agreement/Regulations, and defines diluted share/voting capital assuming full conversion of outstanding convertible securities/warrants.

  • ·Address: 32, Friends Colony (East), New Delhi-110065
  • ·Phone: 011 26327623
  • ·'TC' refers to Target Company in diluted share capital definition

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