India SEBI Regulatory Enforcement Actions — March 26, 2026

25-03-2026

Hardwyn India Limited has informed BSE and NSE of the closure of its Trading Window for Designated Persons, Connected Persons, and their immediate relatives, effective from April 1, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026. This action complies with SEBI (Prohibition of Insider Trading) Regulations 2015 and the company's internal codes. The Board Meeting date for approving these results will be intimated separately.

• ·Stock Symbol: HARDWYN
• ·Scrip Code: 541276
• ·DIN: 00280624

25-03-2026

Vardhan Capital & Finance Limited has closed the trading window for Designated Persons from April 1, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the board meeting to approve audited financial results for the quarter and year ended March 31, 2026. The window will reopen 48 hours after the results become public. No board meeting date has been specified yet.

• ·DIN: 00207488 for Ramesh Vardhan
• ·Letter addressed to Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001

25-03-2026

Vardhman Concrete Limited (formerly Stresscrete India Ltd.) has notified BSE of the closure of the trading window for designated persons from April 1, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, in preparation for the board meeting to approve audited financial results for the quarter and year ended March 31, 2026. The trading window will reopen 48 hours after the audited results become generally available. The board meeting date will be communicated in due course.

• ·Director DIN: 00199986
• ·Corporate Office: 58/64, Hari Chambers, 1st Floor, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001
• ·Registered Office: 120, Commerce House, 140 N. M. Road, Fort, Mumbai - 400 023

25-03-2026

Nagarjuna Fertilizers and Chemicals Limited received an order from SEBI's Adjudicating Officer on March 24, 2026, imposing a penalty of ₹1 lakh under Section 15A(b) of the SEBI Act, 1992, for non-compliance with Regulation 30 of LODR regarding disclosure of an Arbitration Award in favor of an Operational Creditor. The company has discontinued operations since June 2024, is not a going concern, and generates no operational revenue, resulting in no financial impact from the penalty.

• ·Violation details: Non-disclosure of litigation/dispute related to an Arbitration Award under Regulation 30(3), 30(4)(i)(c), and 4(1)(h) of LODR.

26-03-2026

Fine Organic Industries Limited has intimated the closure of its trading window for dealing in equity shares from April 1, 2026, until the declaration of financial results for the quarter and year ending March 31, 2026, and 48 hours thereafter. This restriction applies to Directors, promoters, designated persons, connected persons, and their immediate relatives as per the Company's Internal Code of Conduct for Prevention of Insider Trading. The date of the Board meeting for consideration of the audited financial results will be intimated in due course.

• ·Security Code: 541557
• ·Symbol: FINEORG

26-03-2026

Camlin Fine Sciences Limited has announced the closure of the Trading Window for insiders, designated persons, and their immediate relatives from April 1, 2026, until 48 hours after the declaration of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board Meeting date for considering these financial results will be intimated separately. This is a standard compliance measure ahead of financial results announcement.

• ·Scrip Code: 532834
• ·Symbol: CAMLINFINE
• ·Series: EQ

26-03-2026

Kirloskar Industries Limited informed stock exchanges that the Income Tax Department imposed a penalty of ₹1,74,72,436 on March 25, 2026, under Section 270A of the Income Tax Act, 1961, for Assessment Year 2018-2019 due to disallowance of certain expenses. The company does not foresee any material impact on its financial, operational, or other activities and intends to file an appeal against the order.

• ·Order pertains to disallowance of certain expenses for Assessment Year 2018-2019
• ·Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

26-03-2026

Ramco Industries Limited received an order dated 26.03.2026 from the Income Tax Department's Assessment Unit (National Faceless Assessment Centre) imposing a penalty of ₹23.79 lakhs (Rs 23,79,146/-) under Section 270A for AY 2017-18, arising from a disallowance under Section 14A due to interpretational differences. The penalty represents 200% of the tax amount of Rs 11,89,573. The company intends to file an appeal against the order.

• ·Order received on 26.3.2026 at 14.41 p.m.
• ·Disclosure under Regulation 30 of SEBI LODR - sub-para 20 of para A of Part A of Schedule III

26-03-2026

Vedanta Limited has intimated the closure of the trading window for all Designated Persons, as defined under its Insider Trading Prohibition Code, effective from April 1, 2026, until 48 hours after the declaration of audited financial results for the fourth quarter and financial year ended March 31, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The date for declaration of the financial results will be announced in due course. This is a standard procedural measure ahead of earnings announcement with no financial data disclosed.

• ·BSE Scrip Code: 500295
• ·NSE Scrip Code: VEDL
• ·Financial Results Period: Fourth Quarter and Year ended March 31, 2026

26-03-2026

Transpek Industry Ltd. addressed a fine levied by BSE for non-compliance with Regulation 31A(3)(a)(ii)/(iii)/(v)/(vi) due to delayed submission of a share reclassification application from Promoter to Public category. The Board deemed the fine unjustified, attributing it to a technical error in category submission, and paid it under protest while committing to greater caution going forward. No specific fine amount was disclosed.

• ·SEBI Circular No. HO/49/14114(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026
• ·BSE email dated 13/03/2026
• ·Scrip Code: 506687
• ·Board meeting held on March 26, 2026, from 02:00 p.m. to 05:45 p.m.
• ·Company Identification No.: L23205GJ1965PL0001343

26-03-2026

Halder Venture Limited's Board noted a ₹259600 fine (including ₹39600 GST on ₹220000 basic fine) levied by BSE for the second consecutive quarter's non-compliance with Regulation 17(1) on board composition for the quarter ended December 2025, stemming from a 44-day delay (October 1 to November 13, 2025) in appointing an Independent Director post-amalgamation effective January 1, 2025. While the company achieved full compliance from November 14, 2025, and filed a waiver application on March 2, 2026, the repeated infraction highlights ongoing governance challenges despite prior disclosures. The Board recommitted to regulatory adherence.

• ·This is the second consecutive instance of fine levy for Regulation 17(1) non-compliance
• ·Waiver application filed with BSE on March 02, 2026
• ·Status disclosed in Integrated Governance Report for quarter ended September 30, 2025
• ·Fines must be paid within 15 days of BSE letter dated February 27, 2026, or risk promoter shareholding freeze

26-03-2026

Bondada Engineering Limited has incorporated a wholly new subsidiary, BONDADA DINESH SPV PRIVATE LIMITED, as a Special Purpose Vehicle (SPV) for executing a project awarded by Maharashtra State Power Generation Company Limited (MAHAGENCO) in consortium with Dinesh Engineers Limited. The subsidiary has authorised and paid-up capital of Rs. 1,00,000/- each, with Bondada holding 51% of the share capital. This move aligns with the company's strategic vision to strengthen its presence in the Power & Energy sector, specifically in Operation & Maintenance for renewable energy projects.

• ·Subsidiary incorporated in India, registered with Registrar of Companies, Hyderabad, Telangana; yet to commence business operations.
• ·Industry: Operation & Maintenance – Renewable Energy, including solar and hybrid projects.
• ·No related party transactions, governmental approvals, or acquisition cost involved.

26-03-2026

PRARUH TECHNOLOGIES LIMITED disclosed receipt of a GST order dated March 25, 2026, from the Office of Deputy Commissioner, State Tax Department, Khand-2, Gautam Budh Nagar, Uttar Pradesh, demanding INR 4,27,51,726 for FY 2019-20 along with interest and penalty. The company asserts no material impact on financials, operations, or other activities, as the order is appealable and an appeal will be filed before the due date. This disclosure complies with Regulation 30 of SEBI Listing Regulations.

• ·Order received on March 25, 2026; disclosed to BSE on March 26, 2026
• ·Authority: Office of Deputy Commissioner, State Tax Department, Khand-2, Gautam Budh Nagar, Uttar Pradesh, GST Range
• ·Disclosure per SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023