India SEBI Regulatory Enforcement Actions — March 24, 2026

24-03-2026

Purple Finance Limited received a fine from BSE Limited for delayed compliance with Regulation 60(2) of SEBI (LODR) Regulations, 2015, regarding intimation of the record date for January 2026 debenture interest payment, which was submitted on January 22, 2026. The board, at its meeting on March 24, 2026, noted the unintentional delay, advised management to prevent recurrences, and confirmed payment of the fine on March 5, 2026. No financial impact amount was disclosed.

• ·Scrip Codes: Equity 544191 (PURPLEFIN), Debt 977452 (1225PFL28)
• ·BSE notice email received: February 27, 2026
• ·Fine payment UTR No.: IDFB606469251732 (March 5, 2026)
• ·SEBI circular ref: SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated July 29, 2022
• ·CIN: L67120MH1993PLC075037

24-03-2026

TVS Motor Company Limited's Board of Directors, at its meeting on March 24, 2026, declared an interim dividend of ₹12 per share (1200%) on 47,50,87,114 equity shares of ₹1 each, totaling ₹570 Cr for the financial year ending March 31, 2026. The record date for the dividend is March 31, 2026, with payment to eligible shareholders within 30 days as per the Companies Act, 2013.

• ·Equity scrip codes: BSE 532343, NSE TVSMOTOR; NCRPS scrip codes: BSE 717506, NSE TVSMNCRPS
• ·Board meeting held from 11:00 A.M. to 3:45 P.M. IST on March 24, 2026
• ·Dividend payment within 30 days from declaration as per Companies Act, 2013

24-03-2026

Mahindra & Mahindra Limited announced a Board Meeting scheduled for May 5, 2026, to consider and approve audited standalone and consolidated financial results for the fourth quarter and financial year ending March 31, 2026, recommend dividend on equity shares, and address matters for the ensuing Annual General Meeting. The trading window for insider trading prevention will be closed from April 1, 2026, to May 7, 2026 (both days inclusive). No financial metrics or performance data have been disclosed yet.

• ·Meeting location references: Mahindra Towers, Worli, Mumbai; Regd. Office: Gateway Building, Apollo Bunder, Mumbai.
• ·Filing communicated to NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange.
• ·Company CIN: L65990MH1945PLC004558.

24-03-2026

Adani Enterprises Limited's wholly-owned subsidiary, AMG Media Networks Limited (AMNL), completed the acquisition of the remaining 24% Category I shares (with voting rights) and 0.74% Category II shares (without voting rights) in IANS India Private Limited for ₹4.70 Cr on March 24, 2026, making IANS a wholly-owned step-down subsidiary. This strategic media sector acquisition follows the SPA signed on January 22, 2026, and is at arm's length. However, IANS has shown declining turnover: ₹8.81 Cr in FY2024-25 (down 9.6% YoY from ₹9.74 Cr in FY2023-24 and 25.7% from ₹11.86 Cr in FY2022-23).

• ·IANS incorporated on December 26, 1994, in NCT of Delhi and Haryana.
• ·Transaction is a related party transaction at arm's length; no governmental approvals required.
• ·IANS operates in the media industry.

24-03-2026

Bharat Petroleum Corporation Limited (BPCL) has successfully commissioned its Second-Generation (2G) Bioethanol Refinery at Bargarh, capable of producing 100 KL/day of fuel-grade bioethanol from rice straw using advanced lignocellulosic technology, pretreatment, and fermentation. The Zero Liquid Discharge (ZLD) facility supports India’s E20 Ethanol Blending Programme and National Biofuels Policy, promoting emission reductions and a circular economy. The project was delivered safely with approximately 20 million LTA-free manhours, highlighting strong safety and engineering performance.

• ·Filing Date: March 24, 2026
• ·BSE Scrip Code: 500547; NSE Symbol: BPCL

24-03-2026

Gandhar Coals & Mines Private Limited, not part of the promoter group, acquired 50,000 equity shares (0.05%) of Gandhar Oil Refinery (India) Ltd via open market on March 20, 2026, increasing its holding from 16,33,210 shares (1.67%) to 16,83,210 shares (1.72%). The target company's total equity share capital remains unchanged at ₹19.58 Cr, comprising 9,78,79,530 shares of ₹2 face value each. No encumbrances, voting rights outside shares, or convertible instruments were reported before or after the transaction.

• ·Acquisition mode: Open Market.
• ·Disclosure filed on March 24, 2026 from Mumbai.
• ·Acquirer not part of Promoter/Promoter Group.

24-03-2026

IRCTC's Board, at its meeting on March 24, 2026, commented on fines of ₹5.42L each imposed by BSE and NSE (total ₹10.84L) for non-compliance with Regulation 17(1) of SEBI (LODR) regarding board composition, specifically failure to appoint a woman director for the quarter ended December 31, 2025. The Board stated the non-compliance is beyond the company's control, having proactively informed the Ministry of Railways in advance and urged expedited appointments. Additionally, the Board approved a change in the nomination of the Chief Investor Relations Officer (CIRO), with updated details to be uploaded on the company's website.

• ·Fines referenced NSE letter and BSE email dated February 27, 2026; company intimated exchanges on February 28, 2026.
• ·Non-compliance pertains to quarter ended December 31, 2025.

24-03-2026

Shirpur Gold Refinery Ltd, under Corporate Insolvency Resolution Process (CIRP), disclosed the outcome of its Twenty-Ninth (29th) Committee of Creditors (CoC) meeting, initially scheduled for March 20, 2026, but deferred and held via video conferencing on March 24, 2026, from 4:00 p.m. to 4:40 p.m. No specific decisions, resolutions, or financial impacts from the meeting were detailed in the filing.

• ·Meeting initially convened on March 20, 2026, at 12:00 p.m. via video conferencing and deferred.
• ·IBBI Registration: IBBI/IPA-001/IP-P-01520/2018-2019/12267
• ·NSE Symbol: SHIRPUR-G; BSE Scrip Code: 512289

24-03-2026

Mangalore Refinery and Petrochemicals Limited (MRPL) has notified the stock exchanges of the closure of its trading window from April 1, 2026, until 48 hours after the board meeting that will approve the audited financial results for the quarter and year ended March 31, 2026. This action complies with SEBI (Prohibition of Insider Trading) Regulations, 2015. The date of the board meeting will be intimated separately.

• ·Scrip Code (Equity): 500109, Symbol: MRPL
• ·ISIN (Equity): INE103A01014
• ·Debenture Scrip Codes: 959162, 959250, 973692
• ·Debt Security ISINs: INE103A08019, INE103A08035, INE103A08050
• ·CIN: L19200KA1988GO1008959

24-03-2026

Godavari Biorefineries Limited has informed stock exchanges of the closure of the trading window for its securities from April 1, 2026, until 48 hours after the declaration of financial results for the quarter and year ending March 31, 2026, as per SEBI (Prohibition of Insider Trading) Regulations, 2015. This restriction applies to all Directors, Key Managerial Persons, Designated Persons, and their immediate relatives/dependents. The date for board consideration of these financial results will be announced separately.

• ·Trading Symbol: GODAVARIB
• ·Scrip Code: 544279
• ·Compliance Reference: Company’s “Insider Trading Prohibition Code” under SEBI Regulations, 2015, Schedule B
• ·Contact Email: investors@somaiya.com