India SEBI Regulatory Enforcement Actions — April 01, 2026

01-04-2026

The Composite Scheme of Arrangement sanctioned by NCLT on March 16, 2026, became effective on April 01, 2026, leading to the amalgamation of Adani Green Technology Limited (AGTL) and Adani Emerging Businesses Private Limited (AEBPL) into Adani Enterprises Limited (AEL), and Adani Tradecom Limited (ATL) into Adani New Industries Limited (ANIL), with the involved entities dissolved without winding up. AEL will allot 90,11,048 equity shares of Re. 1/- each fully paid up to eligible shareholders of AEBPL as on the Record Date of April 14, 2026. The Management Committee meeting for approving the allotment is scheduled for April 15, 2026.

• ·NCLT Order dated March 16, 2026
• ·Scrip Codes: BSE 512599, NSE ADANIENT
• ·Face value of equity shares: Re. 1/- each fully paid up

01-04-2026

Wipro Limited completed mergers of two step-down subsidiaries: Capco RISC Consulting LLC merged into The Capital Markets Company, LLC effective March 30, 2026, and Cardinal US Holdings, Inc. merged into Wipro IT Services, LLC effective March 31, 2026. These internal transactions aim to rationalize and consolidate the overall group structure, with no impact on related party transactions, cash consideration, share exchange ratios, or the listed entity's shareholding pattern.

• ·Mergers intimated to exchanges on April 1, 2026.
• ·Both entities involved are engaged in IT services, consulting, business process services, and IT products globally.
• ·Cardinal US Holdings, Inc. specifically provides software development services.

01-04-2026

India Ratings and Research Pvt. Ltd. has assigned and affirmed high credit ratings for Adani Ports and Special Economic Zone Limited's debt facilities, including IND AAA/Stable for proposed NCDs (₹64 Billion), existing NCDs (₹108.52 Billion), and bank loan facilities (₹90.20 Billion), with IND A1+ affirmed for commercial paper (₹67 Billion) and part of bank facilities (₹10 Billion). All relevant ratings carry a Stable outlook. No downgrades or negative changes were reported.

• ·Intimation under Regulation 30(6) of SEBI Listing Regulations.
• ·Filing reference: APSEZL/SECT/2026-27/2, dated April 1, 2026.

01-04-2026

CRISIL Ratings has placed InterGlobe Aviation Limited (IndiGo)'s long-term rating at CRISIL AA-/Watch Developing and short-term at CRISIL A1+/Watch Developing due to the Middle East conflict impacting ~17% of ASKM, 60-70% rise in crude prices, and INR depreciation to Rs 93.5-94/USD, potentially pressuring ATF costs (35-40% of op cost) and profitability. For 9M FY26, revenue grew 6.6% YoY to Rs 62,524 crore, but Ebitdar margin declined to 20% from 24.1%; net debt/Ebitdar rose slightly to ~2.1x from ~2.0x, though liquidity remains strong with Rs 36,945 crore unencumbered cash as of Dec 31, 2025. Leadership transition includes appointment of William Walsh as new CEO (pending approval) replacing Pieter Elbers, with Rahul Bhatia as interim MD.

• ·Ongoing Middle East conflict led to cancellation of flights accounting for ~17% of total ASKM.
• ·INR depreciated to Rs 93.5-94.0 per USD from Rs 91 end-Feb 2026.
• ·ATF prices constitute 35-40% of total operating cost; lease rentals and maintenance another 35-40%.
• ·Competition Commission of India (CCI) investigation outcome remains monitorable.
• ·80% of fleet is fuel-efficient Neo planes; average fleet age ~4.7 years as of Dec 31, 2025.

01-04-2026

Promoters Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah acquired 3,06,600 equity shares (1.00% of diluted share capital) from fellow promoter Anjali Kunal Patil through an exempt inter-se off-market transfer on March 30, 2026, at ₹4,256 per share under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. Individual holdings increased: Mukesh Maganlal Shah from 19,18,314 (6.26%) to 20,20,514 shares (6.59%), Jayen Ramesh Shah from 48,14,166 (15.70%) to 49,16,366 (16.04%), and Tushar Ramesh Shah from 49,86,509 (16.26%) to 50,88,709 (16.60%). Anjali Kunal Patil's holding decreased from 22,95,006 (7.49%) to 19,88,406 shares (6.49%), while total promoter group shareholding remained flat at 2,29,94,501 shares (75.00%).

• ·Prior disclosure of proposed acquisition made to stock exchanges on March 20, 2026 under Regulation 10(5).
• ·Other PAC holdings unchanged, e.g., Bimal Mukesh Shah at 32,00,766 shares (10.44%).
• ·Filing submitted on March 31, 2026 to BSE and NSE.

01-04-2026

ITC Limited has acquired control of Sproutlife Foods Private Limited effective April 1, 2026, by gaining the right to nominate the majority of directors on its board, making Sproutlife a subsidiary under Section 2(87)(i) of the Companies Act, 2013. Sproutlife, engaged in manufacturing and selling innovative food products under the 'Yoga Bar' brand with a focus on digital-first sales, reported strong turnover growth from ₹88 Cr in 2022-23 to ₹108 Cr in 2023-24 (+22.7% YoY) and further to ₹200 Cr in 2024-25 (+85.2% YoY). This move aligns with ITC's strategy to bolster its foods segment portfolio.

• ·Sproutlife incorporated on 13th February, 2015.
• ·Country of operations: India.
• ·Positioned as a digital-first brand with high salience in online sales (D2C, e-commerce platforms) and growing offline presence.
• ·No governmental or regulatory approvals required for the acquisition.
• ·No cost of acquisition or consideration details applicable.
• ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

01-04-2026

Deco-Mica Ltd. was fined ₹1,01,520 (including GST) by BSE Limited for non-compliance with SEBI (LODR) Regulations 24A (delay in Secretarial Compliance Report for Q4 FY25), 27(2) (delay in Corporate Governance Report for Q2 FY18), and 17(2) (Board Meeting conduct issues). The company received the notice via email on 31 March 2026 and paid the fine on the same day via RTGS after deducting TDS of ₹9,400. The impact is limited to the penalty amount with no further financial or operational effects reported.

• ·Regulation 24A violation: Secretarial Compliance Report for quarter ended March 2025 due 01-06-2025, submitted 28-06-2025.
• ·Regulation 27(2) violation: Corporate Governance Report for quarter ended September 2017 due 16-10-2017, submitted 15-11-2017.
• ·Regulation 17(2) violation: Non-compliance with Board Meeting conduct requirements.
• ·Payment details: RTGS UTR HDFC H00900417014 on 31.03.2026.
• ·Company CIN: L20299GJ1988PLC010807, Scrip Code: 531227.