India SEBI Regulatory Enforcement Actions — April 03, 2026

03-04-2026

U. H. Zaveri Limited confirmed on April 03, 2026, that it does not qualify as a 'Large Corporate' under SEBI and BSE circular criteria as of March 31, 2026, for the financial year ended March 31, 2026. As a result, the company is exempt from filing the annual disclosure requirements in Annexure B (BSE) and Annexure XII B2 (SEBI operational circular). The initial non-applicability confirmation was also submitted on the same date.

• ·Referenced SEBI Circulars: SEBI/HO/DDHS/CIR/P/2018/144 (Nov 26, 2018), SEBI/HO/DDHS/P/CIR/2021/613 (Aug 10, 2021, updated Apr 13, 2022)
• ·BSE Circulars: LIST/COMP/05/2019-20 (Apr 11, 2019), LIST/COMP/59/2019-20 (Mar 3, 2020), Notice 20220427-2 (Apr 27, 2022)

03-04-2026

Bayer CropScience Ltd. received an order on April 03, 2026, from the Office of Assistant Commissioner, Muzaffarnagar, Uttar Pradesh, imposing a penalty of Rs. 0.16 Million related to E-way bill documentation violations for FY 2025-26. The penalty has no further indicated impact on financial, operational, or other activities. The order is appealable, and the company will assess exercising its right to appeal.

• ·CIN: L24210MH1958PLC011173
• ·Scrip Code: 506285
• ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

03-04-2026

Kuber Udyog Limited has disclosed to BSE Limited that it does not qualify as a Large Corporate (LC) under relevant SEBI circulars for the financial year ended March 31, 2026. This filing confirms compliance with disclosure requirements related to fund raising via issuance of debt securities by large entities.

• ·CIN: L51909MH1982PLC371203
• ·Scrip Code: 539408
• ·Relevant SEBI Circulars: SEBI/HO/DDHS/P/CIR/2021/613 (Aug 10, 2021), updated Apr 13, 2022; BSE Notice 20220427-2 (Apr 27, 2022); SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 (Oct 19, 2023)

03-04-2026

Darshan Orna Limited confirmed on April 03, 2026, that it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 and related BSE notices as of March 31, 2026. As a result, the company is exempt from filing the annual disclosure in Annexure B or Annexure XII B2 for the financial year ended March 31, 2026.

• ·CIN: L36910GJ2011PLC063745
• ·Registered Office: Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers, Madan Gopal Haveli Road, Manek Chowk Ahmedabad-380001
• ·Website: www.darshanorna.co.in
• ·Email: compliancingdarshan@gmail.com

03-04-2026

Spare Electrex Limited (BSE Scrip Code: 531370) submitted its annual disclosure under SEBI circular dated November 26, 2018, as a Large Corporate (LC) for FY 2025-2026, covering the 2-year block FY 2025-26 & 2026-27. All metrics including incremental borrowing, mandatory borrowing through debt securities, shortfalls carried forward, and penalties for current and prior blocks are reported as Nil (all figures in Rs. Crore), indicating no borrowing activity or compliance issues.

• ·CIN: L31100MH1989PLC053467
• ·GSTN: 27AAECS2631Q12Y
• ·BSE Scrip Code: 531370
• ·Filing Date: April 03, 2026
• ·2-year block periods: FY 2025-26 & 2026-27 (current); prior block referenced as (T-1)
• ·SEBI Circular Ref: SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018, Annexure B2

03-04-2026

Mukand Limited submitted a disclosure to BSE and NSE on April 03, 2026, confirming it does not qualify as a Large Corporate as on March 31, 2026 (FY 2025-26) under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 criteria. As a result, the company is exempt from annual disclosure requirements for FY 2025-26 per the circulars.

• ·BSE Scrip Code: 500460
• ·NSE Symbol: MUKANDLTD
• ·ISIN Code: INE304A01026
• ·SEBI Circulars: SEBI/HO/DDHS/CIR/P/2018/144 (Nov 26, 2018) and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 (Oct 19, 2023)
• ·CIN: L99999MH1937PLC002726
• ·Registered Office: Bajaj Bhavan, 3rd Floor, Jamnalal Bajaj Marg, 226 Nariman Point, Mumbai 400021

03-04-2026

VK Global Industries Limited (BSE: 530177) filed the Format of Initial Disclosure to be made by an entity identified as a Large Corporate on April 03, 2026, via BSE. The filing presents a partial table structure with columns for Sr. No., Particulars, and Details, but no specific data, numbers, violations, penalties, or enforcement actions are disclosed in the provided excerpt. This appears to be a routine SEBI LODR compliance disclosure with no positive or negative metrics mentioned.

03-04-2026

Syncom Formulations (India) Limited has confirmed that it does not qualify as a 'Large Corporate' under SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022), BSE Notice No. 20220427-2 dated April 27, 2022, and SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. As a result, the company is exempt from submitting the Annual Disclosure in Annexure B2 for the financial year ended March 31, 2026. The filing requests stock exchanges to take note and disseminate the information to investors.

• ·Filing reference: SYNCOM/SE/2026-27 dated April 3, 2026.
• ·BSE Code: 524470; NSE Symbol: SYNCOMF.
• ·Online filing platforms: www.listing.bseindia.com and https://neaps.nseindia.com/NEWLISTINGCORP/login.jsp

03-04-2026

Hester Biosciences Limited discloses compliance with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144, confirming it is not classified as a Large Corporate. As of 31 March 2026, the company's outstanding long-term borrowing (other than ECB) stands at INR 12.78 crore. The highest credit rating during the previous FY is CARE 'BBB+: Stable' from CARE Ratings Limited.

• ·CIN: L99999GJ1987PLC022333
• ·BSE Scrip Code: 524669; NSE Symbol: HESTERBIO
• ·Stock Exchange for fine payment (if applicable): BSE Limited

03-04-2026

Khandelwal Extractions Ltd. notified BSE Ltd. on April 03, 2026, that the company does not qualify under the Large Corporate criteria as per SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The disclosure was made by Nida Khatoon, Company Secretary & Compliance Officer, for regulatory record-keeping purposes. No financial implications or performance metrics were disclosed.

• ·CIN: L24241UP1981PLC005282
• ·Scrip Code: 519064
• ·ISIN No: INE687W01010
• ·Ref. No.: HO/SECY/26-27/33

03-04-2026

Sainik Finance & Industries Limited has submitted a declaration to BSE Limited confirming it does not qualify as a 'Large Corporate' under SEBI's framework for the financial year ended March 31, 2026. The declaration references SEBI circulars dated November 26, 2018, August 10, 2021, and October 19, 2023. It is signed by Piyush Garg, Company Secretary & Compliance Officer.

• ·CIN: L26912DL1991PLC045449
• ·Scrip Code: 530265
• ·Filing date: April 3, 2026

03-04-2026

Varroc Engineering Limited disclosed on April 3, 2026, that as of March 31, 2026, it does not qualify as a Large Corporate under SEBI circulars SEBI/HO/DDHS/CIR/P/2018/144 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172, as it fails conditions (i) and (ii) despite meeting condition (iii) on credit rating. Consequently, the company is exempt from initial and annual disclosures required for fund raising via debt securities issuance by Large Corporates. This filing confirms regulatory compliance and requests stock exchanges to take note.

• ·BSE Security Code: 541578
• ·NSE Symbol: VARROC [Debt: 975062]
• ·Reference date for LC criteria: 31st March 2026

03-04-2026

Envair Electrodyne Ltd. disclosed on April 2, 2026, that it is not a Large Corporate for the financial year ended March 31, 2026, pursuant to SEBI circulars SEBI/HO/DDHS/CIR/P/2018/144 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 on fund raising by issuance of debt securities. The company reports outstanding long-term borrowings of ₹0 Crores as on March 31, 2026, with no highest credit rating applicable (NA). This compliance filing confirms no applicability of large corporate borrowing requirements.

• ·CIN: L29307MH1981PLC023810
• ·Scrip Code: 500246
• ·Registered Office: OFFICE NO 123, WING A SOHRAB HALL, 21 SASOON ROAD PUNE MH 411001 IN

03-04-2026

Bosch Home Comfort India Limited (formerly Johnson Controls-Hitachi Air Conditioning India Limited) disclosed on April 3, 2026, that it does not qualify as a 'Large Entity' under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 as of the last day of FY 2025-26. As a result, the company is exempt from complying with the circular's fund raising provisions for FY 2026-27. This is a routine compliance disclosure with no financial impact reported.

• ·CIN: L29300GJ1984PLC007470
• ·Scrip Code: BSE: 523398, NSE: BOSCH-HCIL
• ·ISIN: INE782A01015

03-04-2026

VST Industries Limited confirmed to BSE Limited and National Stock Exchange of India Ltd. that it does not meet the 'Large Corporate' criteria under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, regarding fund raising by issuance of debt securities. The confirmation was issued on April 3, 2026, and signed by Phani K. Mangipudi, Company Secretary & Vice President-Legal & Secretarial. This is a routine compliance disclosure with no financial implications disclosed.

• ·Stock Code: 509966 (BSE)
• ·Stock Symbol: VSTIND (NSE)
• ·CIN: L29150TG1930PLC000576
• ·Registered Office: Azamabad, Hyderabad – 500 020

03-04-2026

Systematix Securities Ltd. submitted a compliance declaration to the Bombay Stock Exchange confirming it is not identified as a Large Entity or Large Corporate under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018, as on 31 March 2026. The declaration references BSE Circular LIST/COMP/59/2019-20 dated 3 March 2020. It was digitally signed by Director Rajesh Kumar Inani (DIN: 00410591).

• ·BSE Scrip Code: 531432
• ·SCRIP Name: SYTIXSE
• ·ISIN No.: INE07P301011
• ·Registered Office: 35, Old Industrial RIICO Area, Chittorgarh, Rajasthan, India 312001

03-04-2026

Futuristic Securities Limited confirmed to BSE Limited that it is 'Not Identified as a Large Corporate (LC)' as on March 31, 2026, per the SEBI Circular dated August 10, 2021 (updated April 13, 2022) on fund raising by issuance of debt securities. This status exempts the company from specific compliance requirements for large entities. The letter is signed by Director Pradeep Kumar Jatwala.

• ·CIN: L65990MH1971PLC015137
• ·Scrip Code: 523113
• ·Registered Office: 202, Ashford Chambers, Lady Jamshedji Road, Mahim (West), Mumbai - 400 016

03-04-2026

Futuristic Solutions Limited has issued a confirmation to BSE Limited stating that it is not identified as a Large Corporate entity under the criteria of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The disclosure is signed by Jagrati Rathi, Company Secretary & Compliance Officer, on April 3, 2026. No financial or operational impacts are mentioned.

• ·CIN: L74899DL1983PLC016586
• ·Scrip Code: 534063
• ·SEBI Circular Reference: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
• ·Registered Office: M-50, IInd Floor, M Block Market, Greater Kailash Part-I, New Delhi-110048

03-04-2026

G G Engineering Limited has reported to BSE Limited that it does not qualify as a Large Corporate under the criteria in clause 1.2 of Chapter XII of SEBI Circular No. SEBI/HO/DDHS/DDHSPODI/P/CIR/2023/172 dated October 19, 2023. This disclosure relates to compliances for fund raising by issuance of debt securities by large corporates. The confirmation was signed by Director Atul Sharma (DIN: 08290588) on April 3, 2026.

• ·Scrip Code: 540614
• ·SEBI Circular reference: SEBI/HO/DDHS/DDHSPODI/P/CIR/2023/172 dated October 19, 2023

03-04-2026

Garden Reach Shipbuilders & Engineers Limited disclosed on April 03, 2026, that it does not qualify as a Large Corporate under SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19 Oct 2023, with outstanding borrowings of NIL as on 31 March 2026. The company reported its highest credit ratings from the previous FY as CARE AAA Stable for Long Term Bank Facilities and CARE A1+ for Short Term Bank Facilities by M/s CARE Ratings Limited. No negative metrics were noted, confirming strong financial position with zero debt.

• ·CIN: L35111WB1934GOI007891
• ·Symbol: GRSE; Scrip Code: 542011
• ·Credit Ratings (previous FY): Long Term Bank Facilities - CARE AAA Stable; Long Term/Short Term Bank Facilities - CARE AAA Stable / CARE A1+; Short Term Bank Facilities - CARE A1+

03-04-2026

Kreon Financial Services Limited intimated the Bombay Stock Exchange on April 03, 2026, that it does not qualify as a Large Corporate (LC) under SEBI Circulars SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022, and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. As a result, the company is not required to comply with the specified disclosures and compliances for fund raising by issuance of debt securities.

• ·Scrip Code: 530139

03-04-2026

Koura Fine Diamond Jewelry Limited submitted a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026, issued by Kfin Technologies Limited on April 1, 2026. The certificate confirms that details of securities dematerialized and rematerialized during the quarter have been furnished to all relevant stock exchanges, including BSE Limited. This is a routine compliance filing with no financial metrics or performance indicators reported.

• ·CIN: L36999GJ2022PLC130379
• ·Script Code: 543346
• ·Certificate issued to CDSL and NSDL

03-04-2026

Mangalore Refinery and Petrochemicals Limited submitted its Half Yearly Statement of Non-Convertible Debentures (NCDs) as on March 31, 2026, in compliance with SEBI Circulars CIR/IMD/DF-1/67/2017 and CIR/DDHS/P/59/2018. The statement discloses three NCD series with total issued and outstanding amounts of ₹3260 Crore (INE103A08019: ₹1000 Crore; INE103A08035: ₹1060 Crore; INE103A08050: ₹1200 Crore), showing no redemptions or changes in outstanding principal. Coupon rates are 7.40%, 7.35%, and 7.48% respectively, payable yearly, with maturities in 2030 and 2032.

• ·NCD INE103A08019: Issued 13-Jan-2020, matures 12-Apr-2030, yearly payments, no embedded options.
• ·NCD INE103A08035: Issued 29-Jan-2020, matures 29-Jan-2030, yearly payments, no embedded options.
• ·NCD INE103A08050: Issued 27-02-2021, matures 14-Apr-2032, yearly payments, no embedded options.

03-04-2026

The National Company Law Tribunal (NCLT), Chennai Division Bench-II, vide order dated March 26, 2026, has allowed application CA (CAA)/8/(CHE)/2026 and directed convening of meetings of equity shareholders, secured creditors, and unsecured creditors of Apollo Hospitals Enterprise Limited (Demerged Company), along with unsecured creditors of Apollo Healthco Limited and Keimed Private Limited, to consider and approve the proposed composite scheme of arrangement. The scheme involves demerger from Apollo Hospitals Enterprise Limited, amalgamation of Apollo Healthco Limited (Transferor Company 1) and Keimed Private Limited (Transferor Company 2) into Apollo Healthtech Limited (Resultant Company), with meetings dispensed for certain classes and no creditors for the Resultant Company. The scheme remains subject to shareholder/creditor approvals, statutory/regulatory clearances, and final NCLT sanction.

• ·Previous disclosures on scheme: June 30, 2025; September 24, 2025; December 24, 2025.
• ·NCLT order uploaded on Tribunal website on April 2, 2026; certified copy awaited.
• ·Meetings to be held via VC/OAVM for equity shareholders and physical mode for creditors; notices in Business Standard (English) and Hindu Tamizh Thisai (Tamil).
• ·Dispensation sought for meetings of equity/preference shareholders of Transferor Companies 2,3,4 and secured creditors of Transferor Companies 2,3.