Executive Summary
The 22 filings from S&P BSE SENSEX 30 constituents on May 26, 2026, reveal a market heavily focused on investor engagement, with 12 out of 22 filings (55%) being routine disclosures of analyst/investor meetings, predominantly for the first week of June.
This clustering around major conferences (BofA, Morgan Stanley, Citi) signals a period of intense institutional interaction, but offers no immediate price-sensitive information. The most material developments are two distinct positive signals: Larsen & Toubro's GeoStructure subsidiary won multiple 'Significant' contracts (₹1,000 Cr to ₹2,500 Cr each), including its largest-ever piling order from JSW Steel, indicating robust capital expenditure in the industrial and infrastructure sectors. Concurrently, Tata Consultancy Services launched its SovereignSecure Cloud™ in Europe, expanding its sovereign cloud portfolio and targeting EU government and regulated industry clients, a strategic move into a high-growth, high-barrier market. A notable capital allocation event is ITCONS E-Solutions proposing a massive increase in borrowing and investment limits to ₹1,000 Crore each, a significant strategic shift from its current scale. The financial sector shows a high density of investor meetings, with ICICI Bank, HDFC Bank, Axis Bank, SBI, Kotak Mahindra Bank, and SBI Cards all participating in the same conferences, suggesting a sector-wide push for foreign institutional investment. However, the absence of any financial results, guidance changes, or insider trading activity in these filings creates a data vacuum, making the few operational and strategic updates—like L&T's order wins and TCS's product launch—the primary drivers for actionable intelligence.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Company update · M&A · Corporate governance · Debt securities
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Investment Signals (9)
- Larsen & Toubro ↓ (BULLISH)▲
GeoStructure subsidiary won multiple 'Significant' contracts (₹1,000-2,500 Cr each), including its largest-ever piling order from JSW Utkal Steel for a 10 MTPA plant. This signals strong execution in the infrastructure and industrial capex cycle
- Tata Consultancy Services ↓ (BULLISH)▲
Launched SovereignSecure Cloud™ in Europe, expanding from successful rollouts in India, Kenya, and the Philippines. This targets EU governments and regulated industries, a high-margin, sticky revenue stream, leveraging its 45-year European presence
- ITCONS E-Solutions ↓ (BULLISH)▲
Board proposed increasing borrowing and investment limits to ₹1,000 Crore each, a massive scale-up from current operations. This signals aggressive growth ambitions and potential M&A or large-scale project financing
- Paisalo Digital ↓ (BULLISH)▲
Promoter group entity (Pro Fitcch) acquired 0.1076% stake via open market purchase, increasing total holding to 2.8671%. While small, this insider buying signals promoter confidence at current levels
- Satin Creditcare Network ↓ (BULLISH)▲
Successfully raised ₹84.46 Crore via private placement of subordinated NCDs. This strengthens its Tier-II capital base, enabling further lending growth in the microfinance/NBFC space
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Participating in the Nuvama India Investor Conference in London themed 'India: Shoring up Self-Reliance'. This targeted FII engagement in a key financial hub could attract foreign capital inflows [NEUTRAL to BULLISH]
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Scheduled four consecutive days of investor meetings (June 1-4) with Axis Capital, BofA, and Citi. This high-density engagement suggests proactive management communication and potential for positive narrative building [NEUTRAL to BULLISH]
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Scheduled a week-long series of investor meetings (June 2-8) with top-tier global funds (Abrdn, UTI) and conferences. This extensive roadshow indicates management is actively courting institutional investment ahead of potential growth [NEUTRAL to BULLISH]
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Participating in three major global conferences (BofA, Morgan Stanley, Citi) in the first week of June. This aggressive investor outreach suggests confidence in its growth story and desire to attract FII flows [NEUTRAL to BULLISH]
Risk Flags (7)
- Nitco Limited↓ [MODERATE RISK]▼
Seeking shareholder approval to monetize 75% of a prime Kanjurmarg, Mumbai property for ~₹143 Crore. This asset sale, while unlocking value, signals potential liquidity distress or a strategic pivot away from core real estate holdings
- Larsen & Toubro↓ [LOW RISK]▼
Cessation of Independent Director Mr. Narayanan Kumar after his second and final term. While routine, the loss of an experienced board member creates a governance vacuum until a replacement is appointed
- ITCONS E-Solutions↓ [MODERATE RISK]▼
The aggressive proposal to increase borrowing limits to ₹1,000 Crore (from an undisclosed current base) carries significant execution and leverage risk if not managed prudently
- State Bank of India↓ [LOW RISK]▼
Cancelled previously scheduled investor interactions for May 29, 2026. While not material, last-minute cancellations can create negative sentiment or signal internal scheduling conflicts
- SBI Cards↓ [LOW RISK]▼
The only virtual investor meeting among a sea of in-person events (Goldman Sachs, June 2). This format may be perceived as less engaging, potentially limiting the depth of investor dialogue
- Paisalo Digital↓ [LOW RISK]▼
The promoter stake increase is very small (0.1076%), which could be interpreted as a lack of strong conviction rather than a major bullish signal
- ITCONS E-Solutions↓ [LOW RISK]▼
The filing of two identical corporate governance documents on the same day suggests potential administrative inefficiency or redundancy in compliance processes
Opportunities (7)
- Larsen & Toubro/Infrastructure Capex↓ (OPPORTUNITY)◆
The JSW Utkal Steel order (largest-ever piling order) is a direct play on the Indian steel and industrial capex cycle. L&T's GeoStructure business is a key beneficiary of government and private sector infrastructure spending
- Tata Consultancy Services/Sovereign Cloud↓ (OPPORTUNITY)◆
The European launch of SovereignSecure Cloud™ positions TCS to capture a first-mover advantage in the EU's digital sovereignty market. This is a high-growth, high-margin opportunity with long-term recurring revenue potential
- Satin Creditcare Network/NBFC Growth↓ (OPPORTUNITY)◆
The successful ₹84.46 Cr NCD issuance strengthens the balance sheet for a microfinance lender. This capital raise positions Satin to capitalize on the growing demand for credit in semi-urban and rural India
- ITCONS E-Solutions/Strategic Pivot↓ (OPPORTUNITY)◆
The proposal to massively increase borrowing and investment limits (to ₹1,000 Cr) signals a potential transformative event, such as a large acquisition or entry into a new business vertical. This could be a high-reward, high-risk opportunity for early investors
- Mahindra & Mahindra Financial Services/FII Inflow↓ (OPPORTUNITY)◆
The focused investor conference in London, themed 'India: Shoring up Self-Reliance', could attract FII interest in the NBFC sector, which has been under-owned. A positive reception could lead to re-rating
- Trent Limited/Retail Growth Story↓ (OPPORTUNITY)◆
The extensive investor roadshow with top global funds (Abrdn, UTI) suggests management is confident in its growth trajectory. Positive takeaways from these meetings could drive institutional accumulation
- ICICI Bank, HDFC Bank, Axis Bank, SBI, Kotak Mahindra Bank/Banking Sector Re-rating (OPPORTUNITY)◆
The simultaneous participation of five major banks in the same conferences (BofA, Morgan Stanley, Citi) creates a 'sector showcase' effect. Strong collective messaging on asset quality and growth could lead to a sector-wide re-rating
Sector Themes (5)
- Financial Sector Investor Outreach◆
8 of 22 filings (36%) are from financial companies (ICICI, HDFC Bank, Axis, SBI, Kotak, SBI Cards, M&M Financial, L&T Finance) announcing investor meetings. This coordinated push for engagement, especially with global FIIs, suggests the sector is proactively managing its narrative and seeking capital inflows.
- Infrastructure & Industrial Capex Cycle◆
L&T's multiple 'Significant' contract wins, including the largest-ever piling order from JSW Steel, are a strong indicator of a robust domestic capex cycle, particularly in steel, ports, and inland waterways. This theme supports a bullish outlook for capital goods and infrastructure companies.
- Digital Sovereignty & Cloud Growth◆
TCS's European launch of SovereignSecure Cloud™, following similar launches in India and Africa, highlights a growing global theme: the demand for sovereign, compliant cloud infrastructure for governments and regulated industries. This is a key growth vector for large IT services firms.
- NBFC Capital Raising◆
Satin Creditcare's ₹84.46 Cr NCD issuance and ITCONS E-Solutions' proposal for a massive increase in borrowing limits indicate that NBFCs are actively strengthening their capital base to fund growth, a positive sign for the credit cycle.
- Low Materiality, High Volume◆
The vast majority of filings (18/22) are routine disclosures with materiality scores of 1-3/10. This creates a 'signal-to-noise' problem where investors must sift through many non-events to find the few actionable insights (L&T contracts, TCS launch).
Watch List (8)
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Monitor for further contract wins in the infrastructure and industrial segments, especially from JSW Steel and government waterway projects. The June 1 investor call with BofA could provide additional color on the order pipeline.
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Watch for initial client wins or partnerships for the SovereignSecure Cloud™ in Europe. The upcoming investor meetings (Morgan Stanley, BofA, Nomura) in June could provide updates on the commercial traction of this new offering.
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The shareholder meeting to approve the increased borrowing and investment limits (up to ₹1,000 Cr) is a critical catalyst. Monitor for details on how the company plans to deploy this capital.
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The postal ballot results (due by June 30, 2026) for the Kanjurmarg property sale are key. Approval would unlock ~₹143 Cr in cash, which could be used for debt reduction or new projects.
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The cancellation of the May 29 investor meeting is a minor flag. Watch for any rescheduling or changes in management's communication strategy during the June 1 and June 4 meetings.
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The week-long investor roadshow (June 2-8) is a key event. Any positive commentary on store expansion plans or same-store sales growth could act as a catalyst for the stock.
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Monitor for further promoter buying. The small open market purchase could be the beginning of a larger accumulation pattern, signaling strong insider conviction.
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The newly raised ₹84.46 Cr via NCDs provides fuel for growth. Watch for the company's next business update to see if loan book growth accelerates.
Filing Analyses
(22)
26-05-2026
Maruti Suzuki India Limited has informed the stock exchanges about a scheduled investor meeting on June 1, 2026, subject to change. The meeting is with an investor group, and the date may be altered due to exigencies.
26-05-2026
Maruti Suzuki India Limited has informed the stock exchanges that a meeting with an investor group is scheduled for June 2, 2026, subject to change. The notice is provided under Regulation 30(6) of the SEBI LODR Regulations.
- · Meeting date: 2nd June 2026 (subject to change)
- · Filing date: 26th May 2026
- · Regulation cited: SEBI LODR Regulation 30(6)
26-05-2026
Mahindra & Mahindra Financial Services Limited has informed stock exchanges about its participation in the Nuvama India Investor Conference themed 'India: Shoring up Self-Reliance' scheduled for June 8-9, 2026 in London, UK. Company officials will attend one-on-one and group meetings, with discussions limited to already published Q4 FY2026 business updates and earnings presentation. No unpublished price-sensitive information is proposed to be shared.
- · Conference theme: 'India: Shoring up Self-Reliance'
- · Conference location: London, United Kingdom
- · Conference timing: 9:00 AM to 5:00 PM UK time on June 8-9, 2026
- · Mode: In-person and group meetings
- · Reference documents: Q4 FY2026 business updates (April 2, 2026) and earnings presentation (April 24, 2026)
26-05-2026
Pro Fitcch Private Limited, a promoter group entity, acquired 9,81,000 equity shares (0.1076% stake) of Paisalo Digital Limited on May 26, 2026 via open market purchase. Post-acquisition, Pro Fitcch's total holding increased to 2,60,77,220 shares, representing 2.8671% of the company's total voting capital. The acquisition is a modest increase in promoter group stake, with no change in the company's equity capital base.
- · The acquisition was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Regulation 29(2).
- · No shares were acquired through encumbrance (pledge/lien/non-disposal undertaking).
- · The total diluted share capital of the company remains unchanged at ₹90,95,21,874 divided into 90,95,21,874 equity shares.
- · The acquisition was executed via open market purchase.
26-05-2026
ICICI Bank has disclosed a schedule of investor meets for June 2026, including participation in three group conferences (BofA India Conference, Morgan Stanley India Investment Forum, and Citi India Conference). The bank will refer to publicly available documents during these interactions.
- · The investor meets are scheduled for June 1, 2, and 4, 2026.
- · All three events are group meetings conducted in-person.
- · The bank will refer to publicly available documents for discussions.
26-05-2026
ITCONS E-Solutions Limited filed a corporate governance disclosure dated May 26, 2026, signed digitally by Pooja Gupta. The filing appears to be a routine corporate governance compliance document with no specific financial or operational details disclosed.
- · Filed on May 26, 2026 with two digital signatures by Pooja Gupta at 17:03 and 17:04 IST
26-05-2026
Satin Creditcare Network Limited has allotted 8,446 subordinated, unsecured, rated, listed, redeemable, transferable, non-convertible debentures with a face value of ₹1,00,000 each, for an aggregate nominal value of ₹84,46,00,000 (₹84.46 Crore). The allotment was approved by the Working Committee of the Board on May 26, 2026, and the debentures are issued under a private placement basis with Catalyst Trusteeship Limited as the debenture trustee.
- · The debentures are issued under a private placement offer and application letter dated May 21, 2026.
- · The debenture trust deed was executed on May 21, 2026 between the Company and Catalyst Trusteeship Limited.
- · The general information document for the issuance was dated August 14, 2025.
- · The key information document was dated May 21, 2026.
26-05-2026
HDFC Bank has informed stock exchanges of scheduled analyst/investor meetings: BofA India Conference on June 1, 2026, and Morgan Stanley India Investment Forum 2026 on June 2, 2026, both in-person in Mumbai. This is a routine regulatory disclosure that does not contain any financial results, performance figures, or material strategic updates.
- · BofA India Conference scheduled for June 1, 2026 in Mumbai (In-Person)
- · Morgan Stanley India Investment Forum 2026 scheduled for June 2, 2026 in Mumbai (In-Person)
- · Schedule may change due to exigencies; revisions will be communicated to stock exchanges
26-05-2026
Nitco Limited has announced a postal ballot to seek shareholder approval via special resolution for monetizing an immovable property in Kanjurmarg, Mumbai. The property will be partially sold (75% portion) to M/s. R Siddhatva Developers Private Limited for approximately ₹143 Crore, and the remaining 25% will be monetized via non-monetary consideration (increased area space). There is no financial data to compare from a prior period, so no YoY metrics are applicable.
- · Cut-off date for eligibility: May 15, 2026
- · Remote e-voting period: May 28, 2026 (9:00 AM IST) to June 27, 2026 (5:00 PM IST)
- · Results announcement deadline: on or before June 30, 2026
- · Scrutinizer appointed: Mr. B. Durga Prasad Rai (Membership No. 10060, COP No. 4390)
- · Property details: C.T.S. No. 657D, Old Survey No. 275, area 16,257.5 sqm, at Village Kanjur, Taluka Mulund, Mumbai
- · Monetization structure: ₹143 Crore for 75% of land (monetary) + increased area space for remaining 25% (non-monetary)
26-05-2026
ITCONS E-Solutions Limited's Board approved audited standalone financial results for the half year and year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹0.15 per share for FY2025-26, and approved changes in director designations, re-appointments, and remuneration revisions. Additionally, the Board proposed significant increases in borrowing and investment limits up to ₹1,000 Crore each, subject to shareholder approval.
- · Audited standalone financial results for half year and year ended March 31, 2026 received unmodified audit opinion from Devesh Parekh & Co.
- · Mr. Adit Mittal's term as Executive Director runs from May 26, 2026 to May 25, 2031 (5 years).
- · Ms. Nikky Gupta's second term as Independent Director runs from August 06, 2026 to August 05, 2031 (5 years).
- · M/s. Aditi Gupta & Associates re-appointed as Internal Auditor for FY2026-27.
- · Ms. Preeti Jain & Co. appointed as Secretarial Auditor for FY2026-27.
- · Board meeting started at 02:00 PM IST and concluded at 05:00 PM IST.
26-05-2026
L&T Finance Limited has scheduled a series of institutional investor and analyst meetings in Mumbai from June 1 to June 4, 2026, including conferences hosted by Axis Capital, BofA Securities, and Citi. The company will present information consistent with previously disclosed materials and states that no unpublished price-sensitive information will be shared.
- · Meetings will be held in-person in Mumbai.
- · The schedule is subject to change due to exigencies on the part of investors or the company.
- · Presentations will be based on materials already available on the company's website and stock exchange filings.
26-05-2026
Tata Steel Limited has informed the stock exchanges about a scheduled investor call with Bank of America on June 1, 2026, as part of the Bank of Americas India Conference 2026 in Mumbai. The meeting is a one-to-one or group interaction, and the schedule is subject to change. No financial results or performance data were disclosed in this filing.
- · The meeting is scheduled for June 1, 2026, in Mumbai.
- · The meeting is part of the Bank of Americas India Conference 2026.
- · The schedule is subject to change due to exigencies on the part of the fund, broking house, analyst, or company.
26-05-2026
Axis Bank Limited has informed the stock exchanges about its participation in the BofA India Conference 2026 scheduled for June 1, 2026, in Mumbai. The bank will make a presentation available on its website, but no financial results or specific business updates were disclosed in this filing.
- · The meeting is scheduled for June 1, 2026, in Mumbai.
- · The presentation will be available on the bank's website.
- · The filing is made under Regulation 30 of SEBI LODR Regulations, 2015.
26-05-2026
State Bank of India announced scheduled in-person interactions with institutional investors and analysts on June 1 and June 4, 2026, organized by BofA and Citi India respectively. The bank also noted that previously scheduled investor interactions for May 29, 2026 have been cancelled.
- · Investor meetings are scheduled on June 1, 2026 (2:00-5:00 PM IST) organized by BofA
- · Investor meetings are scheduled on June 4, 2026 (11:00 AM-5:00 PM IST) organized by Citi India
- · Previously scheduled investor interactions for May 29, 2026 have been cancelled
- · Only publicly available information will be shared during these interactions
26-05-2026
Larsen & Toubro Limited announced the cessation of Mr. Narayanan Kumar as an Independent Director effective May 26, 2026, upon completion of his second and final term. The company expressed appreciation for his contributions. No financial figures or performance metrics were disclosed in this filing.
- · Mr. Narayanan Kumar's DIN is 00007848.
- · The cessation is due to completion of his second and final term as Independent Director.
- · The filing was made under Regulation 30 of SEBI (LODR) Regulations, 2015.
- · The company's stock codes are 500510 (BSE) and LT (NSE).
26-05-2026
SBI Cards and Payment Services Limited has informed the stock exchanges about a scheduled virtual investor/analyst meeting on June 2, 2026, organized by Goldman Sachs. The meeting will share information already available in the public domain, and the schedule is subject to change.
- · The meeting is scheduled for June 2, 2026 at 12:00 Noon (virtual mode).
- · The meeting is organized by Goldman Sachs and will be held virtually from Gurugram.
- · The schedule is subject to change; final details will be published after the meeting.
26-05-2026
Kotak Mahindra Bank Limited has informed the stock exchanges that its representatives will meet investors at the BofA 2026 India Conference in Mumbai on June 1, 2026. This is a routine disclosure under SEBI LODR regulations and does not contain any financial results or material business updates.
- · Meeting scheduled for June 1, 2026 at BofA 2026 India Conference in Mumbai.
- · Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015.
26-05-2026
Reliance Industries Limited has informed the stock exchanges that its executives will participate in the BofA India Conference 2026 in Mumbai on June 1, 2026. The meetings will be one-on-one with institutional investors, and the company has stated that no unpublished price-sensitive information will be shared or discussed.
- · The meeting is scheduled for June 1, 2026, at the BofA India Conference 2026 in Mumbai.
- · The format is one-on-one meetings with institutional investors.
- · The company explicitly states that no unpublished price-sensitive information will be shared or discussed.
26-05-2026
Larsen & Toubro's wholly-owned GeoStructure subsidiary has won multiple significant contracts in India, including its largest-ever piling order from JSW Utkal Steel Ltd (a JSW Steel subsidiary) for the 10 MTPA integrated steel plant at Paradeep, Odisha, involving approximately 30 lakh running metres of piling works. The business also secured two separate EPC orders from the Inland Waterways Authority of India for ship repair facilities at Patna and Varanasi, and an order from the Mumbai Port Authority for India's first yacht marina at Mumbai Harbour. These orders are classified as 'Significant' (₹1,000 Cr to ₹2,500 Cr per order), indicating a positive outlook for L&T's GeoStructure business in infrastructure, maritime, and industrial segments.
- · Order classification: Significant (₹1,000 Cr to ₹2,500 Cr per order)
- · JSW Utkal Steel order spans nine major packages including Blast Furnace, Hot Strip Mill, and Steel Melting Shop
- · SRF projects at Patna (Bihar) and Varanasi (Uttar Pradesh) will strengthen inland water transport along National Waterway-1 (River Ganga)
- · Mumbai yacht marina project includes approach trestle, piled breakwater, service platforms, concrete pontoons and gangways
- · L&T is described as a USD 32 billion Indian multinational with eight decades of leadership in EPC, hi-tech manufacturing, products and services
26-05-2026
Tata Consultancy Services (TCS) launched SovereignSecure Cloud™ in Europe on May 26, 2026, expanding its global cloud portfolio with a sovereign cloud and AI-enabled offering targeting EU governments, public sector enterprises, and regulated industries. This launch follows successful rollouts in India (2025), Kenya, East Africa, and the Philippines. TCS also introduced a complementary Sovereignty Consulting and Delivery Framework, emphasizing a risk-based, pragmatic approach to digital sovereignty.
- · SovereignSecure Cloud™ features a multi-layered approach: sovereign cloud layer via hyperscalers, national sovereign cloud layer for country-specific localization, and enterprise cloud services layer leveraging EU-specific TCS Enterprise Cloud Framework.
- · TCS has operated in Europe for over 45 years, with 58 offices, 10 data centres, and 21 delivery locations across the region.
- · TCS generated consolidated revenues of over US $30 billion in the fiscal year ended March 31, 2026.
- · TCS sponsors 14 global marathons including TCS New York City Marathon, TCS London Marathon, and Tata Mumbai Marathon.
26-05-2026
Trent Limited has scheduled a series of analyst and institutional investor meetings from June 2 to June 8, 2026, including participation in Bank of America's flagship India Conference, Morgan Stanley India Investment Forum, and ICICI Securities India Conference, along with one-on-one meetings with UTI pension fund and Abrdn. The company confirms that no unpublished price-sensitive information will be shared during these meetings.
- · Meeting schedule includes Bank of America India Conference on June 2, Morgan Stanley India Investment Forum on June 3, one-on-one meetings with UTI pension and Arisaig on June 3, Abrdn meeting on June 4, Citi India Conference on June 5, and ICICI Securities India Conference on June 8.
- · All meetings are subject to change due to exigencies.
- · No unpublished price-sensitive information will be shared.
26-05-2026
Tata Consultancy Services Limited has disclosed the schedule of analyst and institutional investor meetings with its Key Managerial Personnel for June 2026, including participation in the Morgan Stanley India Investor Forum, BofA India Conference, Nomura Investment Forum Asia 2026, its Annual General Meeting, and the Kotak Investor Conference. The filing is a routine regulatory disclosure under SEBI Listing Regulations and contains no financial results or performance data.
- · The meetings include physical events in Mumbai, Singapore, and London, as well as a virtual Annual General Meeting.
- · The schedule is subject to change.
- · The filing is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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